Latest Stock Market News

Realty firm Embassy Developments Ltd expects to earn Rs 560 crore revenue for managing development and marketing activities of two upcoming housing projects in Mumbai and Bengaluru.

The Indian rupee reached its highest level this month, buoyed by reduced concerns over new U.S. tariffs and optimism surrounding planned tax cuts. Easing geopolitical tensions, particularly after meetings involving U.S. and Ukrainian presidents, diminished the likelihood of sanctions related to Russian oil purchases.

Gold prices slipped on Tuesday with October MCX futures at Rs 99,240 per 10 grams, down 0.16%, as focus shifted to the US Fed’s Jackson Hole symposium and Donald Trump’s talks with European and Ukrainian leaders. Silver futures also traded lower amid volatility.

Manish Gunwani of Bandhan AMC suggests investors remain balanced, avoiding excessive fear or greed, as the market navigates potential sideways movement. He recommends accumulating stocks for long-term growth, focusing on structural themes like internet platforms, R&D-driven exports, and financialization.

Mayuresh Joshi sees GST reforms, sovereign rating upgrades, and foreign inflows boosting markets, with steel and domestic demand providing key support ahead of Diwali.

Japan s Nikkei share average slipped from a record high to end lower on Tuesday, as investors weighed Wall Street s muted overnight finish, raising concerns that markets have advanced too far, too fast.

Manish Gunwani of Bandhan AMC suggests indirect investment routes like financials and internet platforms for consumer discretionary exposure, citing valuation concerns in staples and uncertainties in the auto sector. While optimistic about sectors like semiconductors and defence, he cautions against high valuations.

Gem Aromatics IPO opens today, aiming to raise ₹451.3 crore. The issue comprises a fresh issue and an offer for sale, with proceeds earmarked for debt repayment and corporate purposes. Anand Rathi recommends subscribing for the long term, citing the company s established position and growth potential, despite valuation concerns and key risks like customer concentration.

A BofA Global Research survey in early August found nearly 70% of global investors expect stagflation within the next 12 months.

Inox Wind shares rose over 5% after it sold a ₹175 crore stake in its EPC arm, Inox Renewable Solutions, valuing the unit at around ₹7,400 crore. The move aims to boost operations and unlock value.