Latest Stock Market News

The Indian rupee’s status shifted from emerging Asia’s best-performing currency to one of the worst this quarter, driven by stock outflows and high dollar demand. Analysts forecast further depreciation, especially if the Reserve Bank of India turns dovish. Despite RBI’s stabilizing efforts, the currency is anticipated to weaken gradually amidst ongoing market pressures.

Indian benchmark indices plummeted almost 3% on Monday amid global market shocks and concerns over a US economy slowdown. RIL, Bharti Airtel, Vedanta, Tata Power, and other major companies were highlighted due to recent news and quarterly results. RIL’s AGM is on August 29, while ONGC and Airtel disclosed contrasting profit performances.

The index rose by 3,360.39 points to reach 34,818.81 approximately an hour after trading commenced. This increase followed significant declines on Wall Street that were notable, though not as severe as the sharp drop experienced in Tokyo on Monday.

The Cboe Volatility Index had its largest intraday jump on Monday and closed at its highest level since October 2020 due to U.S. recession fears and global market sell-offs. The S&P 500 witnessed substantial declines, causing investors to scramble for hedging strategies, leading to the surge in the volatility index.

Indian markets fell almost 3% on Monday, reflecting concerns over economic slowdown and global issues. Rupiah fell to an all-time low as uncertainty looms around RBI Policy amidst recession fears. Important companies like Tata Power and Vedanta are set to declare their Q1 results on Tuesday.

Indian equities and the rupee fell sharply due to global market turmoil and recession fears. The Sensex dropped over 2,200 points while the Nifty declined considerably. Global concerns, including recession threats in the US and geopolitical tensions, contributed to the market decline. Bond yields decreased amid expectations of an earlier US Federal Reserve rate cut.

Japan’s recent interest rate increase led to market pullbacks from international investors. The unwinding of leveraged trades added volatility to US and emerging markets. Concerns about US unemployment and inflation pressures prompted these moves, despite strong corporate balance sheets and liquidity levels remaining stable.

Brainbees Solutions, owner of the popular retail platform FirstCry, launched a ₹4,193 crore IPO with new shares and existing shares being sold by institutional investors like Softbank. The funds raised will help expand retail stores and warehouses. Despite being loss-making, the company has shown significant revenue growth, indicating strong business potential.

Sebi proposed an accelerated process for crediting and trading bonus shares, suggesting T+2 trading from the record date. This aims to minimize investor risks from market fluctuations caused by delayed bonus share credits. Currently, crediting and trading these shares can take up to 2-7 working days after the record date, lacking consistent timelines.