Latest Stock Market News

Traders are leaning into bets with zeal even as serious questions linger about the economy and inflation — and how central bankers will respond. Before the Federal Reserve has even begun to act, bond markets have priced in a slew of rate cuts, measures of default risk are falling and surging equities reflect sure-thing bets the economy will boom.

Global investors are increasing stakes in Indonesia and Malaysia, expecting these markets to thrive as the Federal Reserve anticipates monetary easing. Strong fiscal policies and focus on tech sectors like electric vehicles and data centers are drawing funds to the region, overshadowing larger rivals India and China. Economic improvements are bolstering their appeal.

Despite a modest rally in the smallcap sector, six smallcap stocks have surged between 20-35% within just one week.

ETMarkets identified eight six stocks from the BSE Midcap pack that showed consistent price increases during this timeframe.

Nifty closed at a record high, facing a minor barrier at 25,330. With potential for significant gains and possible increased bullish activity, the IT sector is now active, and while banking stocks lag, they present a high-risk, high-reward opportunity.

Domestic markets saw a steady rise in August, with the Sensex gaining nearly 1%. Smallcap stocks outperformed, with 197 of them offering double-digit returns, and some even rising over 50%. Analysts maintain a positive outlook due to domestic inflows and potential Fed rate cuts in the September meeting.

Aadhaar will streamline the KYC process for financial products by addressing document redundancies, according to a senior RBI executive. The National Payments Council of India is working on this mandate but needs more time for clarity. Meanwhile, fintechs are encouraged to innovate in cross-border solutions and engage with regulators if needed, he adds.

"Given the need to ensure that only high quality stocks with sufficient market depth are allowed to trade in derivatives segment and considering the growth witnessed in market parameters since the last review conducted in 2018, the eligibility criteria for entry and exit of stocks in derivatives segment has been revised," Sebi said in a circular on Friday.

The Nifty gained 0.3%, or 83.95 points, to close at 25,235.9. The Sensex rose 0.3%, or 231.16 points, to close at 82,365.77. Analysts expect the indices to gain up to another 2% on technical factors but warn against betting on one-sided moves in the near term amid continued concerns that parts of the market might be overheated. The outcome of the rate-setting meetings of US Fed and the Bank of Japan scheduled in September will determine the market direction next month.

UBS Group AG sold shares of seven companies, including Oil India and Dixon Technologies, for Rs 4,961 crore through open market transactions. The sales were made via its affiliate, UBS Principal Capital Asia, and included stakes in Rail Vikas Nigam, Zydus Lifesciences, Vodafone Idea, Oracle Financial Services Software, and Prestige Estates Projects.