Latest Stock Market News

The dollar faced pressure, nearing a weekly decline as Trump s Fed nominee fueled expectations of a dovish replacement for Powell. Sterling held gains after a divided Bank of England rate cut. Meanwhile, the euro gained ground amid optimism surrounding potential U.S.-Russia talks, influencing currency markets as investors monitor geopolitical developments.

Donald Trump plans to nominate Stephen Miran to the Federal Reserve. Miran will fill a vacant seat temporarily. The White House is searching for a permanent Fed Board member. They are also looking for a new Fed chair to replace Jerome Powell. Miran has advocated for changes in the Fed s governance. His nomination requires Senate approval.

Japanese shares experienced a significant surge driven by positive earnings reports and anticipated tariff adjustments by the U.S. Meanwhile, other Asian markets faced declines following a Wall Street retreat. The rally in Japanese stocks was further fueled by gains in SoftBank and Sony, while U.S. stock futures indicated continued positive momentum.

TRU Realty, spearheaded by Sujay Kalele, is set to launch two premium housing projects in Mumbai s Santacruz-Andheri corridor, aiming for Rs 400 crore revenue by 2028. Launching in September 2025, the projects span 0.3 million sq. ft. with a Rs 250 crore investment. This move occurs amidst Mumbai s booming residential market, driven by rising incomes and limited land.

Delhi-based Star Imaging and Path Lab is launching its IPO on August 8, aiming to raise ₹69.47 crore through a fresh issue and offer for sale. The IPO, priced between ₹135-142 per share, will close on August 12, with listing expected on BSE SME on August 18.

The Knowledge Realty Trust REIT IPO, India s largest to date, saw overwhelming investor interest, subscribing 12.48 times. With the allotment finalized today, refunds for non-allottees will begin on August 13, and shares will be credited the same day. Listing is scheduled for August 18 on BSE and NSE.

Highway Infrastructure s IPO allotment is set for finalization. The IPO saw massive oversubscription across all investor categories. Listing is scheduled for August 12, 2025, on BSE and NSE. Grey market premium indicates a strong listing price. Allotment status can be checked via Bigshare Services or BSE website. Credit of shares and refund processing will occur on August 11.

Jyotivardhan Jaipuria of Valentis Advisors discusses the potential impact of proposed US tariffs on Indian markets, particularly textiles and gems. He favors a local investment strategy, anticipating consumption growth driven by tax breaks, strong monsoons, and lower interest rates. While cautious on IT, he sees opportunities in select tier II companies and undervalued private sector banks.

Nitin Bhasin of Ambit suggests IT, FMCG, and pharma sectors may perform well. Large and mid-cap stocks are favored. EMS, defence, and quick commerce sectors seem overvalued. Microfinance institutions might be recovering. Banks face potential earnings pressure. FII selling is offset by DII buying. Focus on stock picking is essential. IT, FMCG, and pharma are preferred sectors for investors.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.