Latest Stock Market News

SoftBank is investing $2 billion in Intel. This will make SoftBank a top shareholder. However, SoftBank will not seek a board seat. Also, they will not commit to buying Intel chips. Intel shares are expected to rise. SoftBank shares are expected to fall. This investment is a vote of confidence for Intel. Intel is currently working on a turnaround effort.

Shein Group, headquartered in Singapore, is reportedly exploring a relocation of its headquarters back to mainland China. This move is being considered to potentially secure approval from Beijing authorities for its planned initial public offering in Hong Kong. The fast-fashion retailer has consulted lawyers, but discussions are preliminary and the move is not guaranteed.

Amidst geopolitical tensions surrounding the Ukraine war, the U.S. dollar remained stable against major currencies as markets awaited outcomes from a White House summit. The dollar index saw a slight increase. Meanwhile, cryptocurrencies like Bitcoin and Ether experienced declines. Japanese stock markets surged to record highs, while the Australian dollar gained following positive consumer sentiment data.

Oil prices experienced a slight dip in early Asian trading due to optimism surrounding potential talks between Russia, Ukraine, and the U.S., aimed at resolving the conflict in Ukraine. These discussions raise the possibility of easing sanctions on Russian crude oil. President Trump initiated the arrangement for a meeting between Presidents Putin and Zelenskiy, followed by a trilateral summit.

Gold prices show minimal change as investors await the Federal Reserve s Jackson Hole meeting. The meeting may offer insights into interest rate policy. Investors anticipate a possible rate cut in September. Donald Trump assures Ukraine of security assistance. Trump also plans meetings between Vladimir Putin and Volodymyr Zelenskiy. Silver, platinum see gains, while palladium declines. U.S.

Wall Street s indexes remained mostly flat as investors awaited key retail earnings reports and the Federal Reserve s Jackson Hole symposium for insights into the economy. Concerns about trade uncertainty, inflation, and potential shifts in the Fed s policy framework contributed to market caution. Energy stocks gained following new tax subsidy rules, while investors continue to anticipate a rate cut next month.

Vikram Solar garnered Rs 621 crore from anchor investors before its IPO launch. Prominent institutional investors participated in this round. The IPO, valued at Rs 2,079 crore, opens for subscription soon. The company plans to use the funds for capital expenditure. Vikram Solar s revenue and profit increased significantly in fiscal year 2025.

Shreeji Shipping Global Ltd secured over Rs 123 crore from anchor investors like Bank of India MF and Morgan Stanley Asia ahead of its IPO. The IPO, opening August 19-21 with a price band of Rs 240-252, aims to raise Rs 411 crore for acquiring dry bulk carriers and repaying debt.

Chandrima Mercantiles, a multibagger stock, is undergoing a stock split. The face value is changing from Rs 10 to Rs 1. August 20 is the record date. Today is the last day to buy shares to qualify. The split aims to improve liquidity and accessibility. The stock has delivered nearly 700% returns in two years.