Latest Stock Market News

Nuvama has projected the highest adjusted PAT figure for Vedanta but anticipates a 30.8% decline in net profit growth. In contrast, Kotak and Phillip forecast PAT growth of up to 242% year-on-year. Kotak has the highest revenue estimate at Rs 38,674 crore, expecting an over 15% year-on-year increase. The company will announce its earnings on Tuesday, August 6.

Capital markets regulator Sebi has approved the public offers of five companies, but also returned the offer document of Sanathan Textiles. The approved IPOs include that of Manba Finance, Baazar Style, Deepak Builders, Diffusion Engineers and Bajaj Housing Finance.

Amid concerns about a potential US recession, the Sensex fell more than 2,200 points on Monday, and the Nifty dropped below the 24,100 mark due to sell-offs in major stocks. The short-term trend for the Nifty is sharply downward, and the overall chart pattern appears weak across all time frames.

The oil-to-telecom conglomerate said that the dividend, "if declared at the AGM", will be paid within a week from the conclusion of the AGM. RIL has fixed August 19, Monday as the record date for determining the eligibility of investors for receiving dividend for financial year 2023-24 subject to the declaration of the dividend.

U.S. Treasury yields tumbled on Monday as traders moved to price in big rate cuts from the Federal Reserve, after weak jobs data stoked worries that the U.S. economy could be heading for a recession.

Capital markets regulator Sebi has amended mutual fund norms requiring Asset Management Companies (AMCs) to put in place an institutional mechanism to identify and deter front-running and insider trading in securities.

Oil fell on Monday, trailing a stock market selloff sparked by fears of a U.S. recession, though declines were limited by Libyan supply losses and worries that spreading conflict in the Middle East could further hit crude supplies.

Realty, utilities, metal and infrastructure stocks saw selling pressure. The S&P BSE Smallcap index fell 4.2% while the S&P BSE Midcap index was down 3.6%.

U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets.

The rupee ended at a lifetime low versus the dollar on Monday, turning into a laggard amongst Asian peers, as signs of a slowdown in the US economy sparked a global wave of risk aversion, with outflows from local stocks and an ongoing scramble to square off ‘carry trades’ hurting the domestic currency, dealers said.