Latest Stock Market News

Markets experienced a downturn, reversing Monday s gains. Several companies, including Bajaj Auto, Trent, Divi s, and Hero MotoCorp, are set to announce their Q1 results. Britannia reported a 3% increase in consolidated net profit, while Bharti Airtel saw a substantial 43% rise. Societe Generale acquired a significant stake in Paytm as Ant Group exited.

U.S. stocks closed lower as investors assessed the impact of tariffs, with Yum Brands and others citing trade duties in their results. The U.S. trade deficit narrowed, but a services sector activity measure showed rising costs due to import taxes. While earnings reports are mostly beating expectations, concerns about future tariff impacts and slowing travel demand linger, influencing market sentiment.

Gold prices increased for the fifth day. This rise is due to possible lower interest rates in the United States. Investors are awaiting President Trump s decision on Federal Reserve appointments. Trump plans to announce a replacement for Adriana Kugler and his pick for the next Fed chair. Trade tensions between the U.S. and India are also present.

Oil prices rebounded on Wednesday following a five-week low, spurred by concerns over potential supply disruptions due to U.S. President Trump s tariff threats against India for its Russian crude purchases. OPEC+ s planned output hike in September had initially triggered oversupply worries, but the focus shifted to India s response to U.S. pressure and its impact on global oil flows. U.S.

The dollar remained rangebound as investors awaited President Trump s Federal Reserve Board nominee. U.S. services sector activity flatlined in July, highlighting the impact of tariffs. Despite this, the dollar s movements were muted, with traders hesitant to take positions before the Fed announcement.

M&B Engineering is ready to launch its IPO on August 6. The IPO was subscribed 38.11 times. It shows a grey market premium of about 12%. The IPO comprised a fresh issue worth Rupees 275 crore. Investor response was strong across all categories. The company will use the IPO proceeds for capex and debt repayment.

BD Industries, a plastic product manufacturer, is set to list on the BSE SME platform on August 6 after a moderately subscribed IPO of Rs 45.36 crore. With a grey market premium of Rs 0, a flat listing is anticipated despite improved financials showing a 52% revenue growth and a 156% surge in profit.

Mehul Colours is set for a promising debut on the BSE SME platform, fueled by a 16% grey market premium. The IPO, which was subscribed 7.98 times overall, saw strong interest from QIBs, non-institutional investors, and retail investors. Proceeds from the IPO will fund a new manufacturing facility and working capital, supporting the company s expansion plans.