Latest Stock Market News

GST rate changes spark optimism in Indian markets, though global investors remain cautious amid tariff concerns. While some sectors may benefit from reduced tax complexities, India faces competition from other Asian markets like China, which are attracting significant investment. Long-term investors are holding positions, awaiting more appealing valuations before increasing investments.

Despite market volatility, India s long-term growth remains strong, according to Daljeet Kohli of Roha Asset Managers. He suggests that proposed GST cuts could boost domestic demand, potentially sparking a fresh consumption cycle. Kohli also notes that market dips present opportunities for long-term investors, particularly in sectors like farming, agrochemicals, and pharmaceuticals.

Bitcoin is consolidating around $111,500, facing headwinds despite positive macro factors, while gold outperforms. Ethereum shows strength with ETF inflows, contrasting Bitcoin s struggle to maintain momentum. Altcoins like Solana are gaining traction, indicating a shift in investor sentiment, while Bitcoin s short-term outlook remains fragile but potentially poised for recovery if key levels hold.

Anlon Healthcare’s Rs 121 crore IPO drew robust demand, subscribed 3.8 times by Day 3, with retail investors leading at 25.85 times. Despite a modest 5% grey market premium, analysts back the issue for its strong product pipeline, global presence, and long-term growth prospects.

Jim O’Neill said India’s surprise tariff shock will test markets, but its domestic-driven economy remains resilient. He warned of inflation and interest rate risks globally, while noting AI-driven optimism in equities. O’Neill expects US underperformance this decade, sees India’s correction as healthy, and highlights long-term strength in domestic demand.

Gold and silver prices surged as investors sought safe-haven assets amid dollar index weakness and global uncertainties. MCX gold October futures hit Rs 1,02,226/10g on Friday. Strong demand, geopolitical risks, and tariff concerns continue to support bullion’s upward momentum.

India’s markets remain range-bound as tariffs hit select sectors, though services exports stay resilient. Anurag Singh advises defensive positioning, cutting exposure to overheated themes like defence, EMS, and solar, while favouring consumption, private banks, and healthcare. Balanced portfolios with debt allocation are key as valuations remain stretched across equities.

HDFC Bank has doubled its equity base by allotting 767.7 crore bonus shares, increasing paid-up capital to Rs 1,535.40 crore. Shares experienced a brief dip following a block deal involving 1.56 million shares. The stock began trading ex-bonus, adjusting to the 1:1 ratio, reflecting management s confidence and aiming to enhance stock liquidity.

The National Stock Exchange (NSE) will hold a mock trading session this Saturday across various segments, including equities and derivatives. This exercise allows brokers to test their systems before a mandatory software migration on September 6. The session aims to identify potential glitches and strengthen market resilience. Participants must upgrade to NEAT+ version 7.8.

In June, the Reserve Bank of India sold $3.6 billion to curb the Indian rupee s depreciation. The rupee strengthened slightly, closing at 85.47 per dollar, a marginal gain from the month s start. July saw the real effective exchange rate (REER) remain steady at 98.35. A REER below 100 suggests the rupee is undervalued, potentially boosting India s export competitiveness.