Latest Stock Market News

The dollar strengthened on Wednesday as investors awaited Federal Reserve Chair Jerome Powell s speech at the Jackson Hole symposium for signals on future monetary policy. Market participants are keenly watching for any indication of a potential pushback against anticipated rate cuts. Meanwhile, the Reserve Bank of New Zealand is expected to cut its cash rate.

Mangal Electrical Industries garnered Rs 120 crore from anchor investors, including Abakkus Diversified Alpha Funds and Societe Generale, ahead of its IPO. The company allotted 21.39 lakh equity shares at Rs 561 apiece. The IPO, opening August 20, aims to raise Rs 400 crore for debt repayment, facility expansion, and working capital.

KVN Properties, a Bengaluru-based real estate firm founded by former Prestige Estates CEO Venkat K Narayana, is reportedly in talks with Kotak Realty Fund to raise ₹1,000 crore. The funds, raised through debentures, will fuel expansion of KVN s land holdings across India, targeting 10 million sq ft of development potential by 2026.

Mahendra Realtors and Infrastructure is set to debut on the NSE SME platform on Wednesday, following a Rs 49.45 crore IPO that was oversubscribed 25.15 times. Despite strong investor demand, the stock shows no grey market premium, suggesting a flat listing at Rs 85 per share.

Mangal Electrical Industries will introduc its initial public offering. The IPO aims to raise Rs 400 crore. It opened on Wednesday and will close on Friday. The company manufactures transformer components. The IPO proceeds will be used for debt repayment and expansion. Canara Bank Securities suggests subscribing to the IPO. Listing on NSE and BSE is expected on August 28.

Oil prices experienced a rise due to renewed supply concerns and the increasing likelihood of prolonged peace talks between Russia and Ukraine. Sanctions on Russian crude are expected to remain, potentially leading to further restrictions on buyers. A BP refinery in Indiana faced operational disruptions due to severe flooding, potentially impacting crude demand in the Midwest market.

Regaal Resources is set for a strong market debut on BSE and NSE this Wednesday, following an overwhelming 150 times oversubscription of its Rs 306 crore IPO. The IPO, which includes a fresh issue and an offer for sale, saw significant interest across all investor categories.

Investors interested in Dev Information Technology s stock split should buy shares today. August 21 is the record date. The company announced a 5:2 stock split, reducing the face value. This makes shares more affordable and increases liquidity. Buying shares tomorrow won t qualify for the split. Stock splits attract retail investors and boost trading volumes.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

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.