Latest Stock Market News

Reliance Power shares have surged recently. The stock rose over 17% in one week. This increase follows news of a joint venture in Bhutan. The company is expanding its renewable energy business. Analysts suggest potential further gains. Investors are advised to trade cautiously. Experts recommend setting a stop loss. The stock may reach Rs 60 in the best-case scenario.

Vikran Engineering will launch its Rs 772 crore IPO on August 26. The IPO will close on August 29. The price band is Rs 92–97 per share. The IPO shows strong grey market interest. The company will allocate shares to QIBs, NIIs, and retail investors. Vikran Engineering will use the funds for working capital and general corporate purposes.

The banking sector s loan loss provisioning surged to a three-year high in the June quarter, driven by increased provisioning from private sector banks. While private banks saw a significant rise, public sector banks reported a decline in provisioning. This increase was influenced by one-off provisioning events and policy changes at certain banks.

Life insurers in India, including LIC, HDFC Life, and SBI Life, are strategically increasing the minimum and average policy values to enhance persistency and reduce policy lapses. This shift is driven by the understanding that higher-value policies correlate with better renewal rates and financially stable customers.

Economists anticipate India s monetary policy framework to remain largely unchanged, retaining the 4% retail inflation target. Tweaks are expected to enhance communication of inflation goals, particularly regarding core inflation. While the flexible inflation targeting framework is likely to persist, increased emphasis on growth alongside inflation is anticipated.

Nifty is expected to be volatile, finding support near 24,700. A breakout above 25,150 could lead to 25,300-25,500, while a drop below 24,800 may take it to 24,600. Analysts suggest buying on dips, focusing on banking, auto, IT, pharma, and consumer stocks, anticipating market buoyancy due to positive cues.

Traders anticipate Federal Reserve interest rate cuts. The stock market faces a test with artificial intelligence. Nvidia Corp will report quarterly earnings. Nvidia s performance is crucial for the stock market. Its results could fuel or halt the market rally. Analysts expect strong earnings and revenue growth. Options traders anticipate a significant move in either direction. Investors are watching closely.

Fund managers predict emerging-market assets will outperform developed-market peers due to anticipated Federal Reserve policy easing, a shift away from US investments, and prudent fiscal policies in emerging nations. Favorable inflation and attractive valuations further support this outlook, with analysts forecasting a 15% gain for the MSCI Emerging Markets Index compared to 10% for its developed counterpart.

Markets experienced a downturn, ending a six-session winning streak. Several companies are in focus, including BMW Industries, which is investing in a new cold rolling unit, and Indian Hotels, which is pursuing strategic acquisitions. IDBI Bank received Sebi approval for LIC s reclassification, while IndiGo and Max Healthcare will join the Nifty index.

Asian markets surged, buoyed by expectations of U.S. rate cuts and anticipation surrounding Nvidia s earnings report. Investors are optimistic about potential economic benefits from easing monetary policy, while closely monitoring upcoming U.S. inflation data and significant Treasury debt sales. Currency and commodity markets reacted positively to the weaker dollar, with gold and oil prices seeing gains.