Latest Stock Market News

Kotak Alternate Asset Managers believes the market is poised for growth. A good festive season and positive monsoon reports are expected. Rural demand is picking up, and the government is initiating reforms. RBI rate cuts are anticipated, mirroring potential US Federal Reserve actions. While FMCG faces margin concerns, consumer discretionary sectors like hotels and premium autos show promise.

As of August 21, there was a notable surge in futures open interest (OI) for eight stocks in the NSE F&O segment, contributing to a total OI increase of over 9% compared with the previous trade.

HAL remains a top pick despite stretched valuations, fueled by massive order book growth and strong CAGR potential over the next seven to eight years. Bharat Electronics and smaller private players like Data Patterns, Paras, and Astra Microwave are also poised for substantial profit growth due to their capabilities in defense electronics and promising order outlooks.

On August 21, seven stocks in the Nifty500 pack closed more than 1% above their VWAP (Volume Weighted Average Price), suggesting a potential bullish trend, according to technical scan data from stockedge.com.

Anuj Puri of ANAROCK Group suggests home loan rate hikes may affect affordable and mid-range housing demand. Luxury housing is expected to remain stable. Cost-sensitive buyers might delay purchases. Demand for larger homes, driven by lifestyle needs, is less vulnerable. Developers may offer flexible pricing to optimize costs. The real estate sector is watching interest rate impacts.

Despite earlier earnings downgrades, brokerages anticipate a rebound in India Inc s earnings, potentially reaching double-digits after five quarters, fueled by a low base and early Diwali. Opportunities are seen in domestic-focused sectors like financials and consumer goods. Several brokerages have updated their stock recommendations, highlighting large-cap, mid-cap, and small-cap companies poised for growth.

GMR Airports board on Thursday approved a proposal to raise up to Rs 5,000 crore through issuance of securities.

Norway-based Norges Bank bought over 14.62 lakh shares worth Rs 158 crore in Clean Science and Technology via block deal on Thursday. Nippon India Mutual Fund, SBI Mutual Fund and Bajaj Allianz Life Insurance Company were also buyers in the bulk deals where promoters Asha Ashok Boob and Ashok Ramnarayan Boob together sold over 1.9 crore shares.

Indian markets closed higher for the sixth session, with Nifty holding above key support. Analysts recommend buying Devyani International and Lemon Tree Hotels, projecting up to 9% gains after strong breakout signals and bullish technical indicators.

Markets regulator Sebi has proposed a new accredited investors-only alternative investment fund (AIF) regime with lesser compliance rules, a move aimed at enabling sophisticated investors to back higher-risk ventures more efficiently, its senior official said on Thursday.