Latest Stock Market News

Hindustan Aeronautics (HAL) and other companies including Symphony and Pfizer set August 21 as the record date for dividends. HAL declared a Rs 13 per share dividend. Today is the last day to purchase shares to be eligible. Several other firms will start trading on an ex-dividend basis from Wednesday.

European shares increased on Monday, supported by retail and basic resources stocks. The STOXX 600 index reached a three-week high. Meanwhile, defense stocks dipped due to potential German budget constraints on military aid to Ukraine.

Vedanta will utilise the proceeds generated from the OFS for deleveraging its balance sheet and investment in its growth projects. This, coupled with the Rs 8,500 crore qualified institutional placement, will help bring down debt at the company as well as at the group level.

Carl Icahn and Icahn Enterprises LP settled with U.S. regulators for $2 million over failing to disclose that most of their securities were pledged for personal loans. The SEC probe followed allegations from Hindenburg Research. While the investigation found non-disclosures, it did not validate claims of a Ponzi-like scheme. Icahn rebutted the accusations.

Shares of some mpox vaccine and drug developers jumped sharply on Monday in premarket trading, putting them on track to extend gains from last week as concerns over an outbreak of the virus rise.

Life Insurance Corporation of India (LIC) on Monday said it has sold a 2.09 per cent stake in state-owned Hindustan Copper for Rs 447 crore through an open market transaction.

Oil eased on Monday, with global benchmark Brent holding below $80 a barrel, as concern over demand in top oil importer China weighed on market sentiment, offsetting risks to supply in the Middle East.

Tata Consumer Products Ltd on Monday said it has closed its rights issue of Rs 3,000 crore. The company had opened the issue on August 5, Tata Consumer Products Ltd (TCPL) said in a regulatory filing.

The short-term trend for Nifty remains positive. Currently positioned at the key resistance level around 24,700, there may be some consolidation or a minor dip over the next 1-2 sessions before it potentially breaks out further to the upside.

Orient Technologies, which provides IT infrastructure, cloud management and related services, plans to raise Rs 120 crore through fresh equity to fund capital expenditure and to buy office premises.