Latest Stock Market News

BlueStone Jewellery and Lifestyle is set to launch its IPO on August 11, aiming to raise Rs 1,541 crore through a fresh issue and offer for sale. The IPO, priced between Rs 492 and Rs 517 per share, will close on August 13.

Jyoti Global Plast’s IPO, open for subscription from August 4 to August 6, garnered 8.45 times overall bids. Demand was driven by the non-institutional investor (NII) segment at 14.70 times, followed by retail investors at 9.54 times and qualified institutional buyers (QIBs) at 1.86 times.

Bhadora Industries, an industrial cable manufacturer, is set to list on the NSE SME platform on Monday with a muted market sentiment, as indicated by a grey market premium of zero. The IPO, comprising 54 lakh equity shares, saw a subscription of 0.96 times.

The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Gold prices experienced a dip on Monday, influenced by a stronger dollar and profit-taking after a recent surge. Investors are keenly awaiting U.S. inflation data, crucial for gauging the Federal Reserve s interest rate strategy. Spot gold decreased by 0.7% to $3,373.37 per ounce.

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

InCred Asset s Aditya Sood anticipates a festival season boost amidst tariff concerns and FII selling. He expects a rural consumption rebound driven by rising gold prices and balance sheet improvements. Sood is optimistic about low unit consumption categories and foresees a 1% GDP boost from the upcoming Pay Commission, benefiting consumer sectors.

ICICI Bank has revised its minimum average monthly balance (MAMB) requirements for new accounts. In metro and urban areas, the MAMB will rise to Rs 50,000 from Rs 10,000. Semi-urban branches will see an increase to Rs 25,000 from Rs 5,000, while rural branches will have the threshold doubled to Rs 10,000 from Rs 5,000.

The planned investment of around Rs 2,624 crore will give the investor an estimated 5.09% stake in IDFC First Bank’s post-issue paid-up share capital. The acquisition will be carried out via a preferential issue, which received shareholder approval on May 17, 2025.

SoftBank is reportedly preparing to list its Japanese payments app operator, PayPay, in the United States, potentially raising over $2 billion. Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group, and Morgan Stanley are leading the IPO preparations, which could occur as early as the final quarter of this year.