Latest Stock Market News

Next week will see six IPOs, including five mainboard and one SME issue, entering the primary market. Grey market premiums suggest healthy listing gains for Patel Retail, Vikram Solar, Gem Aromatics, and Shreeji Shipping Global, while others indicate flat openings.

Christopher Wood suggests buying Indian equities despite US tariffs. He believes Trump will eventually reverse the tariffs. Wood highlights India s geopolitical importance and notes the unusual nature of the tariffs. He mentions India s underperformance in equities and links the second tariff tranche to India s Russian oil purchases. Wood also observes the US Federal Reserve s potential rate cut in September.

India s foreign exchange reserves increased by $4.7 billion, reaching $693.6 billion in the week ending August 8, according to RBI data. This rise was primarily driven by revaluation gains from a weaker dollar and higher gold prices, partially offset by the RBI s market intervention, including $5 billion in FX swaps.

The Dow Jones closed higher, hitting a record high, propelled by UnitedHealth s surge after Berkshire Hathaway increased its stake. Other indexes slipped amid mixed economic data impacting Federal Reserve s policy decisions. Investors are anticipating a potential rate cut in September. Trump and Putin s meeting in Alaska raised hopes for resolving the Ukraine conflict and influencing crude prices.

European shares experienced a slight dip, influenced by declines in tech and financial sectors, even as investors eyed the U.S.-Russia summit. While miners and healthcare showed gains, corporate earnings painted a mixed picture. Pandora s significant fall due to weakening sales and Standard Chartered s probe call impacted market sentiment.

Global stock markets remained stable near record highs on Friday. Donald Trump and Vladimir Putin met in Alaska to discuss Ukraine. US Treasury bond prices declined amid expectations of a Federal Reserve rate cut. The Dow reached a new intraday high. European shares saw a slight pullback after nearing a five-month high.

Investors are keenly waiting for the Jackson Hole symposium. Federal Reserve policymakers will gather to discuss interest rate cuts. These cuts could potentially boost stock prices. Jerome Powell s speech on Friday will be crucial. Market anticipates further rate cuts this year. Sectors like homebuilders and industrials may benefit. Powell needs to balance economic outlook to avoid market disruption.

Gold prices remained stable on Friday but are set for a weekly decline due to strong inflation data reducing expectations for rate cuts. Market attention is now on the meeting between U.S. President Trump and Russia s Putin. Spot gold was nearly unchanged at $3,336.66 per ounce, down 1.8% for the week.

The dollar weakened on Friday. This happened after a week filled with economic data. The possibility of a Federal Reserve interest rate cut in September remains. Traders are closely watching the meeting between Donald Trump and Vladimir Putin regarding Ukraine. Markets are also awaiting the Jackson Hole symposium for further clues on the Fed s next move.

India’s top-performing PMS funds placed bold bets in July across 42 stocks, spanning fintech giants, healthcare disruptors, agrochemicals, and industrial leaders. With strategies focused on digital disruption, speciality chemicals, and consumption growth, money managers are positioning portfolios for India’s next phase of growth.