Latest Stock Market News

Shopee, owned by Sea Ltd., has experienced a remarkable resurgence in Southeast Asia s e-commerce market, with its stock soaring. This comeback is largely attributed to SPX Express, Shopee s in-house logistics network powered by local community members. By investing heavily in its own delivery infrastructure, Shopee has successfully navigated the region s logistical challenges, driving growth and investor confidence.

Foreign investors are increasingly pessimistic about Indian stocks, reaching a two-year high in bearish sentiment. Concerns stem from a weakening rupee, high valuations, and the impact of US tariffs on Indian exports. This has led to accelerated selling and a build-up of short positions in the derivatives market, reflecting a risk-off approach towards Indian equities.

Small finance bank shares saw a rise after Reserve Bank of India granted AU Small Finance Bank a universal banking licence. This move sparked optimism among investors that other SFBs might also secure similar approvals. Ujjivan and Jana Small Finance Banks have already applied. Equitas Small Finance Bank has expressed interest.

Trade and geopolitics also loom large with a U.S. tariff deadline on China due to expire on Tuesday amid expectations it will get extended again, while President Donald Trump and Russian leader Vladimir Putin are due to meet in Alaska on Friday to discuss Ukraine.

The market experienced a decline, reversing the gains from the prior session, resulting in a loss of approximately one percent. Tata Motors Q1 consolidated net profit decreased by 63%, while ICICI Bank raised the minimum balance for new savings accounts. Voltas reported a 58% YoY drop in net profit due to weather conditions.

The Indian Rupee s future hinges on US tariffs and the Reserve Bank of India s actions. The rupee weakened due to US tariffs on Indian goods. The RBI is defending the rupee s low against the dollar. US and India inflation data are key events to watch. Bond yields are expected to remain in a narrow range.

Oil prices declined in early Asian trading due to increased U.S. tariffs, OPEC output hikes, and hopes for a U.S.-Russia Ukraine ceasefire agreement. Brent crude fell to $66.07 a barrel, while WTI dropped to $63.30. Expectations of eased sanctions on Russian oil rose after Trump announced a meeting with Putin. U.S.

The fixed-price Essex Marine IPO, open from August 4 to 6, offered a fresh issue of 42.62 lakh shares. It was subscribed 2.91 times overall, led by strong retail demand at 4.95 times, while NIIs subscribed 0.87 times. No anchor or QIB bids were received.

The US dollar saw stability after losses. Markets are awaiting the US CPI report. Trade talks between the US and China are a key focus. A deadline looms for higher tariffs. Discussions involve chip policy. Nvidia and AMD may allocate revenue from China sales to the US government. Australia s central bank is expected to cut interest rates.