Latest Stock Market News

Federal Reserve policymakers debated interest rate decisions last month, with some dissenting against holding rates steady due to concerns about a weakening job market. Subsequent labor data validated these concerns, showing fewer jobs created and a rise in unemployment. However, recent inflation data has complicated the outlook, leading to ongoing discussions about tariffs impact and the appropriate policy stance.

UltraTech Cement plans to sell up to 6.49% stake in India Cements through an offer for sale on August 21-22, aiming to reduce its holding to 75% to comply with SEBI norms. The floor price is set at ₹368 per share, potentially raising nearly ₹740 crore. UltraTech acquired India Cements in 2024 and is expanding its production capacity.

The Reserve Bank of India (RBI) has proposed new Counterparty Credit Risk (CCR) norms for banks acting as clearing members in equity and commodity derivatives exchanges. These draft norms, aligning with global Basel standards, introduce higher risk weights for longer-tenor and more volatile instruments.

Ashok Boob and Krishnakumar Boob, promoters of Clean Science and Technology, are planning to sell a 24% stake in the company through a block deal on exchanges this Thursday. The deal, brokered by JP Morgan India, involves the sale of 2.55 crore shares and could fetch over ₹2,626.5 crore. The floor price is set at ₹1,030 per share, a 12.

The banking sector s net interest margin (NIM) has declined to a three-year low of 3.98% in the June quarter, impacted by the RBI s repo rate cuts. Lending rates adjusted faster than deposit costs, squeezing bank profits. Analysts anticipate NIM improvement in the second half of FY26, contingent on deposit rate adjustments and no further rate cuts by the RBI.

Mindspace Business Parks REIT, developer of Grade-A office assets, has raised an additional ₹550 crore through Sustainability-Linked Bonds (SLBs) from the International Finance Corporation (IFC), the private investment arm of the World Bank Group.

Subodh Runwal-promoted Runwal Enterprises, a Mumbai-based real estate developer, has received the Securities and Exchange Board of India (SEBI) approval to launch an initial public offering (IPO) worth Rs 1,000 crore.

Target Corporation shares tumbled 11% after COO Michael Fiddelke was named CEO, succeeding Brian Cornell. The leadership shift comes amid weak sales, customer churn, and operational challenges. Cornell will transition to executive chair effective February 2026.

Big investors, fearful of September s typical seasonal declines, exited profitable stock positions on Tuesday, according to investors and trading company research, a sign the selloff in tech may be driven by a broad aversion to risk.

Wall Street s indexes displayed a subdued opening on Wednesday as investors analyzed mixed earnings reports from retailers like Target and Lowe s. These reports are being scrutinized for insights into consumer spending patterns. The market s cautious stance comes ahead of the Federal Reserve s symposium later this week, adding to the anticipation.