Latest Stock Market News

In the Nifty500 pack, eight stocks closed below their 200-day moving average (DMA) on August 22, according to StockEdge’s technical scan data.

IndusInd Bank shares will be in focus after two key developments. CRISIL reaffirmed its long-term ratings at AA+/Negative on the lender’s debt instruments, covering Rs 55 billion worth of bonds, while retaining short-term ratings at A1+. Separately, NSE Indices announced its semi-annual reshuffle, under which IndusInd Bank will exit the Nifty50 from September 30, 2025.

Reliance Industries shares: RIL has fully acquired Nauyaan Shipyard Pvt Ltd in a ₹45.3 crore deal, completing its phased buyout from Welspun Corp. The shipyard is now a wholly owned step-down subsidiary of RIL.

RailTel Corporation of India will be in focus after securing a Rs 13.16 crore work order from the Rajasthan Skill & Livelihoods Development Corporation (RSLDC). The order, awarded on August 23, is for Project Management Consultancy (PMC) services and will be executed over two years. The company clarified the contract was awarded by a domestic entity with no related-party transactions.

Indian stock markets started the week positively. Sensex and Nifty both saw gains at the opening. Reliance Industries and IT sector stocks contributed to this upward trend. This mirrored positive movements in Asian markets. The positive sentiment followed signals from U.S. Federal Reserve Chair Jerome Powell. He hinted at a possible interest rate cut next month. This boosted investor confidence.

IDBI Bank s shares surged following SEBI s approval to reclassify LIC as a public shareholder after the government s divestment. LIC s voting rights will be capped at 10%, and it won t participate in management. This reclassification aligns with the ongoing divestment, where the government and LIC plan to sell a combined 60.72% stake.

Investors eagerly anticipate Reliance Industries AGM, expecting updates on the potential Jio IPO timeline. Regulatory shifts could ease the IPO process, while Jio focuses on monetization and develops its AI capabilities. RIL s new energy ambitions and retail expansions, including quick-commerce and fast fashion ventures, are also key areas of interest.

Reliance Power and Reliance Infrastructure shares fell after the CBI searched Anil Ambani’s home in a ₹2,929 crore Reliance Communications fraud case. Both firms said the probe has no impact on their operations, while Ambani denied the allegations, noting the transactions date back over a decade when he was a non-executive director.

Quantum AMC s George Thomas is optimistic about private banks due to potential upside and anticipated credit growth, favouring large-cap stocks with strong liquidity and governance. He sees potential in consumer discretionary stocks like two-wheelers and durables, advising investors to be forward-looking. The firm holds significant positions in financials and IT, expecting IT to outperform as Gen AI adoption scales.