Latest Stock Market News

Global markets were mixed last week, while Indian markets showed resilience despite bad job data and unchanged RBI rates. During the earnings season, FMCG stocks rallied steadily, and the Pharma sector saw significant gains. The Nifty index remained range-bound but positive, with key levels to watch at 24,250 on the downside and 24,750 as resistance.

Bitcoin remained within the $58,000 to $59,000 range amid significant economic data and geopolitical tensions. Investors monitored Consumer Price Index figures, retail earnings, and geopolitics. Key support for Bitcoin was $56,300, with resistance at $58,660. Ethereum faced challenges above $2,400. Goldman Sachs purchased $418 million in Bitcoin ETFs, highlighting increasing institutional adoption.

The Indian stock market rally may face disruptions if liquidity decreases. Hemant Shah of Seven Islands PMS highlighted that FIIs have been bearish due to global factors. Investors should focus on value and visibility, and stagger their investments. Sectors like large-cap IT and private banking are particularly vulnerable to selling pressure from FIIs.

The stock market experienced a bullish week, with 43 stocks posting double-digit gains. Inox Wind Energy spearheaded the small-cap surge with a remarkable 35% gain. Kitex Garments and Suprajit Engineering also impressed with gains exceeding 25%. Gravita India, Panacea Biotech, Inox Wind Ltd, and Sarda Energy delivered robust returns between 20% and 25%, contributing to a positive overall market sentiment.

Next week will be another busy one for the IPO market, with four new offerings opening for subscription. Orient Technologies and Interarch Building will be available for investment, while Brace Port Logistics and Forcas Studio will join the SME segment. In addition to these new issues, the market will also witness the listing of five companies, including Saraswati Saree Depot, which generated significant investor interest this week.

The 1QFY25 corporate earnings report revealed both growth and challenges in India’s market. The Nifty50’s earnings rose 4% YoY, aided by companies like HDFC Bank and Tata Motors, despite setbacks from Oil Marketing Companies. The auto sector displayed strong volume growth, while IT services and healthcare sectors met expectations with promising future outlooks.

Sebi planned amendments to reduce compliance costs for entities with listed non-convertible securities. Proposals include aligning financial approval processes with equity-listed entities, revising fraud and default disclosure rules, and shortening record date notification timelines. The regulator also suggested mandatory XBRL format for disclosures. Public feedback is invited by September 6.

Sebi proposed a new facility allowing debt security investors a liquidity window via stock exchanges. This facility, available for new issuances, employs put options on set dates. Issuers could offer it after one year and must state if it applies to all investors or only retail investors, according to a discussion paper.

Global markets experienced gains following promising U.S. economic data, alleviating recession fears. The Dow Jones, S&P 500, and Nasdaq Composite all saw increases. European and Asian shares also improved. Moderating inflation and robust retail spending strengthened market optimism, with anticipation of a Federal Reserve rate cut in September.

New-age stocks surged recently, thanks to higher revenue growth and increased profitability through reduced spending. The ET E-commerce Index rose 45% in six months. Shares of Zomato, Paytm, and PB Fintech showed notable gains. Foreign institutional investors significantly increased their stakes, supporting the growth of these companies.