Latest Stock Market News

Indian markets closed marginally higher, buoyed by GST reforms signaling a significant tax overhaul. Zydus Lifesciences will introduce a generic multiple sclerosis drug in the US, while NTPC permanently discontinues operations at its Tanda thermal project. Varun Beverages will manufacture visi-coolers through a joint venture, and TVS Motor launched the NTORQ 150 scooter.

Asian shares experienced early gains following a Wall Street rally fueled by signs of a cooling US labor market, reinforcing expectations of Federal Reserve rate cuts. Japan s Nikkei-225 surged after President Trump s trade agreement implementation. Investors are closely watching upcoming jobs data, hoping for a gentle deceleration that prompts Fed action without signaling deeper economic concerns.

The S&P 500 achieved a record closing high, fueled by positive labor market data and strong performances from Broadcom, Amazon, and Meta Platforms. Investors anticipate a Federal Reserve interest rate cut despite increased unemployment claims and slowed private sector hiring. The Dow, S&P 500, and Nasdaq all experienced gains, while Salesforce shares declined due to a weaker revenue forecast.

Oil prices edged lower for the third consecutive day as investors anticipate the upcoming OPEC+ meeting, where further output increases will be considered for October. The potential boost in production could lead to unwinding output cuts ahead of schedule. Meanwhile, U.S.

Gold prices saw a slight increase on Friday, poised for their best week in three months, fueled by growing expectations of a U.S. interest rate cut this month. The market s attention is now focused on the U.S. non-farm payrolls data due later today, which could offer further clarity on the Federal Reserve s interest rate trajectory. Spot gold was up 0.

The dollar steadied as bond markets recovered, awaiting crucial U.S. jobs data that could reinforce expectations of a Federal Reserve rate cut. Investors are cautiously optimistic, with many believing the dollar is currently undervalued and poised for a rebound after the anticipated rate cut. Meanwhile, the yen gained ground following details of a finalized U.S.

Goel Construction s IPO allotment, oversubscribed by 124.34 times, will be finalized on Monday. Investors can check their allotment status via MUFG Intime India or the BSE website. The IPO saw strong interest from QIBs, NIIs, and retail investors. Listing on the BSE SME platform is scheduled for September 10, with GMP hovering around Rs 48 per share.

Hyderabad s Snehaa Organics, a solvent recycling firm, will list on NSE SME. Its IPO saw strong subscription, especially from QIBs and retail investors. The company plans to use IPO funds for working capital and debt repayment. Snehaa Organics focuses on sustainable solvent recovery for pharma and chemical industries. Revenue and profit have shown growth.

Vashishtha Luxury Fashion, a Mumbai-based export house, launched its IPO on Friday, aiming to raise Rs 8.87 crore. The IPO, priced at Rs 109-111 per share, will fund expansion and debt reduction. The company, specializing in high-fashion hand embroidery and apparel, has shown strong financial growth with a 46% revenue increase in FY25.

Abril Paper Tech, a Gujarat-based sublimation heat transfer paper manufacturer, is set to debut on the BSE SME platform. Its IPO, priced at Rs 61 per share, was subscribed 11.20 times, driven by strong retail investor interest. The company plans to use the IPO proceeds for capital expenditure and working capital.