Latest Stock Market News

Oil prices slightly dropped in early Asian trading on Tuesday as traders took profits after a strong rally due to escalating conflict in the Middle East. Brent and U.S. West Texas Intermediate futures both saw declines, despite significant gains from heightened geopolitical tensions and potential supply disruptions.

Chinese stock markets saw significant gains, with the CSI300 hitting two-year highs and the Shanghai Composite rising to its best levels since December 2021. Investors are optimistic about aggressive stimulus measures, though some urge caution given the current substantial market gains.

Benchmark indices Sensex and Nifty dropped for a sixth straight session, impacted by mixed global trends. Key stocks included Macrotech Developers gaining 1.3%, while Naukri and Titan fell by 2.4% and 2.6% respectively. Analyst Ameya Ranadive provides recommendations for these stocks amid market volatility.

Nykaa witnesses strong performance in Q2 with consolidated net revenue growth in mid-twenties. Beauty vertical, omnichannel retail, and eB2B distribution show robust growth. Fashion vertical sees NSV growth in early teens. Nykaa expands Dot & Key ownership to 90%. Festive season expected to boost demand.

​Good part is that in terms of our portfolio, we were already positioned towards things which were at reasonable valuation. So, we have avoided PSUs, railways, defence, those kind of stocks. We do not own in our portfolio for quite some time now.

Nine stocks including Bandhan Bank, Birlasoft, GNFC, and others are banned from F&O trading on Tuesday. This happens when open interest crosses 95% of market-wide positions limits. The bans will reverse if the open interest falls below 80%. The Indian stock market indexes Sensex and Nifty also ended lower due to multiple factors.