Latest Stock Market News

Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.

HDFC Bank MD Sashidhar Jagdishan stated advances will grow slower post-HDFC merger to lower the 110% credit-deposit ratio. The bank plans 900 new semi-urban branches and saw a drop in attrition despite a social media controversy. RBI’s Das cautioned against aggressive lending. Liquidity buffers and prepaying borrowings are vital steps.

TSMC raises revenue forecast due to AI chip demand, rejects U.S. joint venture. Profits exceed expectations. Company investing in new plants globally. CEO expects tight capacity until 2026. Strong smartphone and AI demand projected for next quarter.

InCred Asset Management, led by Bhupinder Singh, is closing the multi-cap AIF India Value Growth Fund I, returning ₹80 crore. Managed by Aditya Sood, the fund delivered 165.0% returns since September 2019. Steep valuations, increased 15-25% cash holdings ahead of Union Budget, and new investor warnings drove the decision. Market risks come from US economic conditions.

Sanstar, the fifth-largest maize-based products manufacturer, is launching a ₹510-crore IPO to fund expansion and repay debt. With revenues and profits on the rise, investors may want to monitor post-expansion performance before investing.

State-owned Bank of India raised ₹5,000 crore through 10-year bonds at 7.54% interest, with a base size of ₹2,000 crore and a greenshoe option of ₹3,000 crore. It informed exchanges of 127 bids worth ₹15,318 crore. Funds support long-term infrastructure and affordable housing per RBI guidelines, exempt from cash and Statutory Liquidity Ratios for better interest cost management.

Eleven stocks including Balrampur Chini, Bandhan Bank, and GMR Airports are in F&O trade ban due to MWPL over 95% and OI data reported by Trendlyne. GNFC, HAL, Hindustan Copper, The India Cements, PEL, RBL Bank, SAIL, Vedanta included. Index traders unaffected. Ban reverses if OI falls below 80%. MWPL limits apply. Chambal Fertilizers exited.

Gold prices dip slightly but set for fourth consecutive weekly increase. Anticipation of U.S. interest rate cut in September boosts demand for gold. Federal Reserve hints at potential rate cuts amid improving inflation trends. Unemployment claims rise, influenced by temporary closures and disruptions. Young affluent investors show interest in gold, according to study.

Sandip Sabharwal stresses tax relief to revive consumption, essential for GDP growth, and warns of a possible market sell-off next week or next month. Aditya Birla’s competition may drop Asian Paints’ valuations. Infosys shows cautious optimism. Paytm’s future remains uncertain. Gains for Dabur and Hindustan Unilever spotlighted, alongside TTML, Godrej Consumer, and Jyothy Labs in Budget and FMCG trends with rural exposure plays.

Yes, of course, the guidance, the upgrade and the number beat should mean that we will have a lot of upgrades happening from the street, upgrades particularly in terms of later quarter, that means the run rate would likely start growing or remain elevated as we move ahead. So, it will not be just 200 or 300 bps in terms of upgrades of earnings, it could be well over 400-500 bps kind of number.