πŸ“° Latest Economy & Stock Market News
Zaggle shares crash 20%, hit lower circuit after Q1 PAT declines 33% YoY
Updated at : 2026-08-17 11:20:02

Zaggle Prepaid Ocean Services shares hit the lower circuit after the company reported a sharp year-on-year decline in Q1FY27 profit, despite strong revenue growth. Margin pressure from Dice acquisition-related expenses weighed on earnings, while the company continues to focus on integrating acquisitions, scaling AI and expanding its fintech offerings.

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Global Market: Japan stocks edge lower after GDP growth misses forecasts
Updated at : 2026-08-17 10:30:02

Japanese equities traded mostly lower as weaker-than-expected economic growth and elevated oil prices weighed on investor sentiment. Concerns over Middle East tensions, inflation and rising bond yields added to the pressure, while a weak market breadth reflected cautious investor sentiment. The Nikkei 225 and Topix both declined in early trading.

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Global Market: German companies turn cautious on new US investments amid tariff risks
Updated at : 2026-08-17 10:25:02

German companies sharply cut investments in the US in the first half of 2026, with direct investment falling nearly two-thirds from a year earlier amid uncertainty over tariffs, trade and US economic policy. While existing operations continue to reinvest profits, businesses appear increasingly cautious about committing fresh capital to new projects.

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Top Nifty50 stocks analysts suggest buying in this volatile week
Updated at : 2026-08-17 10:20:02

Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks Γ’β‚¬β€œ earnings, fundamentals, relative valuation, risk, and price momentum Γ’β‚¬β€œ to generate standardized scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.

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Horizon Industrial Parks IPO opens today: Check GMP, price band and key details
Updated at : 2026-08-17 09:35:02

Horizon Industrial ParksÒ€ℒ Rs 2,600 crore IPO opens August 17 and closes August 19, with a Rs 57Γ’β‚¬β€œRs 60 price band and Rs 4 GMP, implying a 6% premium. The company plans to use Rs 2,250 crore to reduce debt. While FY26 income rose 75% to Rs 767.84 crore, net loss widened to Rs 203 crore.

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Ashok Leyland shares in focus after Q1 results. What are Citi, Nomura analysts saying?
Updated at : 2026-08-17 09:30:02

Ashok Leyland reported a 2% rise in Q1 consolidated profit to Rs 668 crore, while revenue grew 10% to Rs 10,750 crore. Margins declined amid higher material costs. Brokerages remain positive, citing strong commercial-vehicle demand, market-share gains and growth prospects. Citi, Nomura and Choice maintained Buy/Neutral views, with targets around Rs 194Γ’β‚¬β€œRs 200.

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One common stock across 6 top performing mutual funds: Is MCX a signal or a crowded trade?
Updated at : 2026-08-17 09:25:01

MCX is the sole stock held by six top-performing mid and small-cap mutual funds. Analysts at UBS see a re-rating opportunity, upgrading the stock to Buy. JPMorgan also upgraded MCX, citing potential growth catalysts from regulatory changes. Dolat Capital, however, flags regulatory and valuation risks for the commodity exchange. Investors will track revenue stability, commodity volatility, and foreign investor participation.

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LG Electronics among 6 stocks flashing bullish signals, hinting at a possible uptrend
Updated at : 2026-08-17 09:20:02

Six Nifty500 stocks flashed bullish White Marubozu signals on August 14, reflecting strong buying momentum and sustained investor interest. Gains exceeded 4%, highlighting notable price strength and potential bullish sentiment across these counters.

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Oil treads water as US-Iran peace talks stall, Hormuz shipping slows
Updated at : 2026-08-17 09:00:02

Oil prices maintained stability as tanker movements through Hormuz showed a decline. While Brent crude futures edged up, WTI futures posted a slight decrease. Significant gains were recorded last week, influenced by attacks targeting oil facilities and tankers. Despite ongoing tensions, Iran has yet to decide on resuming discussions with the United States, as the market navigates supply uncertainties against makeshift solutions and informal trading routes.

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Yen edges up as traders push back Fed rate hike bets
Updated at : 2026-08-17 08:55:02

The yen slightly appreciated against the dollar, seemingly unfazed by disappointing Japanese GDP results. Market participants have begun to adjust their forecasts, pushing back the timeline for a potential Federal Reserve interest rate hike this year. Soft economic signals from the U.S. have dampened investor sentiment regarding future rate adjustments. Meanwhile, oil prices displayed volatility due to stalled U.S.

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