Latest Stock Market News

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

Nasdaq has filed with the SEC to pioneer tokenised securities trading in the U.S., aiming to integrate blockchain-based settlement while maintaining traditional investor protections.

Hong Kong stocks hit four-year highs on Fed rate cut hopes, with the Hang Seng up 0.8%, while mainland markets fell as SMIC slumped 9% after an acquisition deal, dragging tech shares. Gold miners gained on rising prices, and Hong Kong property shares surged.

Indian bonds gained after FM reaffirmed the 4.4% fiscal deficit target and no extra borrowing, pushing the 10-year yield to 6.45%, with focus now on inflation data.

Indian IT stocks rebounded after a five-day slump, spurred by Infosys announcement of a potential share buyback on September 11. The Nifty IT index rose by 2%, with Infosys leading gains.

Goel Construction shares debuted strongly on the BSE SME platform, opening at a 15% premium of Rs 302.50. The IPO witnessed significant investor interest, being oversubscribed across all categories. The company, specializing in industrial and infrastructure projects, reported substantial revenue and profit growth in FY25, supported by a robust order book.

The dollar weakened to a near seven-week low as investors anticipated revisions to U.S. jobs data, potentially indicating a weaker labor market and bolstering the case for Federal Reserve rate cuts. Economists foresee a significant downward revision in job numbers, possibly prompting the Fed to act more aggressively.

Oil prices experienced gains on Tuesday as OPEC+ decided to increase production by a smaller amount than anticipated, adding to concerns about tighter supply due to potential new sanctions on Russia. The limited production increase and the possibility of sanctions contributed to upward pressure on prices. Additionally, anticipation of a potential interest rate cut by the U.S.

Japanese government bonds experienced a rally on Tuesday as long-term yields, previously at historic highs, attracted buyers. Diminished expectations for central bank rate hikes further supported shorter-dated securities. Sanae Takaichi s potential leadership, favoring stimulus, fueled concerns about BOJ rate hike reluctance, impacting market expectations and bond performance across different maturities.

A recent Anarock survey reveals that over 90% of prospective Indian homebuyers are worried about soaring property prices, with many very or extremely concerned. This price surge, averaging over 50% in two years, has impacted buying decisions.