Latest Stock Market News

Shares of Glenmark, Alembic, and Sun Pharma will be in focus after the USFDA flagged recalls over manufacturing lapses. Glenmark is recalling Carvedilol and Theophylline tablets due to nitrosamine impurities and failed dissolution tests, while Alembic pulled Doxepin capsules and Sun Pharma recalled Spironolactone tablets. All three were classified as Class II recalls, indicating moderate health risk.

Smallcap investors face headwinds as Q1 earnings reveal an 11% YoY dip, with nearly half of companies missing estimates. Midcaps, however, shine with a robust 24% growth. Experts suggest a portfolio shift towards large-caps and mid-caps, anticipating a stronger second half driven by GST reforms and improved consumption.

Bajaj Finance shares are soaring, fueled by potential GST cuts on consumer durables and India s credit rating upgrade. Analysts predict lower EMIs and cheaper offshore funding could propel the stock past ₹1,000. Technical analysis suggests a positive near-term trend, with support around ₹850 and resistance at ₹930.

SoftBank is investing $2 billion in Intel. This will make SoftBank a top shareholder. However, SoftBank will not seek a board seat. Also, they will not commit to buying Intel chips. Intel shares are expected to rise. SoftBank shares are expected to fall. This investment is a vote of confidence for Intel. Intel is currently working on a turnaround effort.

Shein Group, headquartered in Singapore, is reportedly exploring a relocation of its headquarters back to mainland China. This move is being considered to potentially secure approval from Beijing authorities for its planned initial public offering in Hong Kong. The fast-fashion retailer has consulted lawyers, but discussions are preliminary and the move is not guaranteed.

Amidst geopolitical tensions surrounding the Ukraine war, the U.S. dollar remained stable against major currencies as markets awaited outcomes from a White House summit. The dollar index saw a slight increase. Meanwhile, cryptocurrencies like Bitcoin and Ether experienced declines. Japanese stock markets surged to record highs, while the Australian dollar gained following positive consumer sentiment data.

Oil prices experienced a slight dip in early Asian trading due to optimism surrounding potential talks between Russia, Ukraine, and the U.S., aimed at resolving the conflict in Ukraine. These discussions raise the possibility of easing sanctions on Russian crude oil. President Trump initiated the arrangement for a meeting between Presidents Putin and Zelenskiy, followed by a trilateral summit.

Gold prices show minimal change as investors await the Federal Reserve s Jackson Hole meeting. The meeting may offer insights into interest rate policy. Investors anticipate a possible rate cut in September. Donald Trump assures Ukraine of security assistance. Trump also plans meetings between Vladimir Putin and Volodymyr Zelenskiy. Silver, platinum see gains, while palladium declines. U.S.

Wall Street s indexes remained mostly flat as investors awaited key retail earnings reports and the Federal Reserve s Jackson Hole symposium for insights into the economy. Concerns about trade uncertainty, inflation, and potential shifts in the Fed s policy framework contributed to market caution. Energy stocks gained following new tax subsidy rules, while investors continue to anticipate a rate cut next month.