Latest Stock Market News

Hedge funds are shifting their energy strategies, moving away from shorting oil stocks, a dominant position since 2021, and reducing short bets against solar stocks. This reversal is driven by concerns about oil supply and demand, coupled with optimism for clean energy. Economic slowdown fears and rising oil inventories contribute to skepticism towards the oil sector, influencing investment decisions.

Asian equities are poised to decline, mirroring Wall Street s downturn, as investors await a crucial US inflation report that could influence the Federal Reserve s rate cut decisions. Concerns linger about the pace of potential rate reductions amid mixed signals from the labor market and persistent inflation.

In a notice to stock exchanges on August 21, Grihum Housing Finance had announced that its current MD & CEO Manish Jaiswal will step down with effect from August 31. Jaiswal will continue as an advisor to the board until December 31. The company had said it would identify a suitable candidate for the top post in due course.

"Financial stability and price stability do not inhibit growth. Far from it. They are essential for sustainable growth. I look forward to working together with the regulated entities, to improve the efficiency and effectiveness of our financial intermediation, to ensure that the due benefits reach the people of our nation," RBI Guv Sanjay Malhotra said.

Chinese stocks surged again, fueled by abundant liquidity and optimism surrounding DeepSeek s updated model. The rally, led by technology shares, broadened to include property stocks after Shanghai eased home-buying rules. While some see room for further gains, concerns about overheating are emerging as key benchmarks rise significantly from their lows, with investors closely monitoring liquidity indicators.

Investec reports an improved risk-reward scenario for most IT services stocks, projecting potential one-year returns exceeding 10-15%. The brokerage upgraded Infosys to Buy with a target price of ₹1,655, anticipating an 8% gain. Tech Mahindra, Infosys, and TCS are favored among larger stocks, while Mphasis, Zensar, and KPIT are preferred in the mid-sized category.

SBI Chairman CS Setty advocates for regulatory flexibility, urging the RBI to allow local lenders to fund corporate M&As, particularly for listed companies with transparent shareholder approvals. This comes amid discussions on evolving corporate credit trends, with banks shifting towards short-term working capital.

Foreign fund managers increased selling of Indian equities in early August due to tariff concerns, a weak rupee, and poor corporate earnings. Financial services and IT stocks experienced the most significant selling pressure. Investors offloaded shares worth ₹34,022 crore across various sectors, driven by muted earnings expectations and uncertainty surrounding India-US relations, impacting market sentiment.

Rajiv Anand has officially taken over as the MD & CEO of IndusInd Bank, commencing his three-year term that extends until August 2028. Following his appointment, the previously established Committee of Executives and the Oversight Committee of the Board have been dissolved, marking a new chapter for the bank s leadership.

Crypto futures trading in India is surpassing spot deals. Traders are drawn to potential profits and lower taxes. Futures volumes now exceed spot volumes significantly. Domestic platforms accept Indian rupees for margins. Tax benefits exist as TDS is not applicable on futures transactions. The Central Board of Direct Taxes is examining crypto derivatives and cross-border transactions.