Latest Stock Market News

India s sovereign rating upgrade by S&P is expected to lure back FIIs, boosting sectors like NBFCs and banks. Despite FII selling, DIIs remain strong buyers, fueled by robust SIP inflows. Experts suggest focusing on consumption-driven sectors like FMCG, autos, and travel, anticipating a demand revival spurred by government initiatives and RBI easing.

Foreign institutional investors withdrew nearly Rs 32,000 crore from key Indian sectors in early August, driven by U.S. tariff concerns and weak earnings. Financials and IT stocks experienced the largest outflows. However, brokerages believe Prime Minister Modi s GST reforms could reverse this trend, potentially turning India s underweight status into a reallocation opportunity.

Eternal, parent of Zomato and Blinkit, will launch a new subsidiary, Blinkit Foods, focusing on 10-minute food delivery under its Bistro brand. With 38 kitchens in Bengaluru and Delhi-NCR, early demand has been encouraging. The company aims to target home-style meals and quick snacks while refining its model for profitability. Shares closed 1.5% lower at Rs 321.65.

BSE shares: Public Interest Director Nandkumar Saravade resigned due to regulatory conflict with his role at Jio BlackRock AMC, while SEBI’s tighter rules on equity derivatives add to regulatory headwinds.

On August 21, 11 stocks from the Nifty200 pack appeared in the RSI Trending Up scan, based on data from stockedge.com.

Indian benchmark indices Sensex and Nifty experienced a decline at the opening on Friday, interrupting a six-day rally driven by optimism surrounding Goods and Services Tax (GST) reforms. Investors adopted a cautious stance in anticipation of Federal Reserve Chair Jerome Powell s policy remarks at the Jackson Hole symposium later in the day.

Yes Bank shareholders have approved the reappointment of MD & CEO Prashant Kumar until April 2026, extending his tenure beyond October 2025. The move follows RBI’s earlier nod for a six-month extension. Brought in during the 2020 bailout, Kumar has been credited with steering the bank’s recovery, strengthening capital, and restoring investor and depositor confidence.

Brokerages are bullish on select stocks across various sectors, including consumption, logistics, pharma, and retail. Mamaearth, Adani Ports, Travel Food Services, and Anthem Biosciences are among the top picks, with potential upsides of up to 17% expected in the near term. Analysts cite factors like growth prospects, capacity expansions, and strategic positioning for their positive outlook.