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Nasdaq ticks slightly higher after Nvidia results

Updated at : 2025-08-28 20:45:01

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US stock market sees a slight dip in early trading. This follows new economic data and mixed earnings reports from major US companies. Hormel s shares fall after disappointing earnings. Victoria s Secret shares rise after exceeding expectations. Technology companies help offset declines in healthcare. Investors are watching Nvidia closely. The Labor Department reports a drop in unemployment claims.

​Markets ended sharply lower as US tariffs and expiry pressures weighed. Analysts see weakness but hint at short bounce. Five stocks suggested for Friday trades with technical breakouts and bullish setups.

Societe Generale purchased over 31 lakh shares of RBL Bank in bulk deals. The transaction was valued at Rs 79 crore. RBL Bank s shares closed lower amid weak market sentiment. Nifty and Sensex also experienced declines. RBL Bank s recent financial results showed a decrease in net profit.

Equity investors experienced a significant loss of Rs 9.69 lakh crore as the Sensex plunged 1,555 points over two days. This downturn was triggered by the US imposing a 50% tariff on Indian goods and continuous foreign fund outflows. Market sentiment remained fragile, with large caps declining and mid and small caps underperforming.

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Indian Hotels Company Ltd (IHCL) has announced the signing of a 125-key greenfield Ginger hotel in Satara, Maharashtra, marking a significant expansion of its brandscape. Satara s appeal as a hub for education, healthcare, and business makes it an ideal location for Ginger s growth.

Navi Mumbai is emerging as a key office destination in the Mumbai Metropolitan Region, holding 20% of the region s office space supply with an 87% occupancy rate, according to Cushman & Wakefield. The area s growth is fueled by infrastructure development, cost advantages, and talent availability.

Nvidia earnings report: Nvidia topped Q2 estimates with record $46.7 billion revenue and a 59% profit jump, but shares fell as softer data center sales and cautious guidance sparked doubts about the AI rally’s durability.

Prashant Jain of 3P Investment Managers suggests a range-bound market in the near term, favoring large-cap stocks for medium to long-term investments due to their favorable risk-reward ratio. He advises caution towards overheated small and mid-caps, highlighting reasonable valuations in large caps amidst healthy market time correction.

Despite global uncertainty, India s economy shows resilience. Rahul Bajoria notes strong domestic indicators like good monsoons and improvements in FMCG. Tariff impacts are expected by late September, affecting capital spending. Labor-intensive sectors may improve, while capital-intensive sectors may remain weak. Low inflation could boost discretionary spending. Steel and cement are performing well, but refining lags.

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