Stock Market Highlights: Sensex settles 329 pts higher, Nifty above 24,950 on Fed's rate cut hint
Sensex Today | Stock Market Highlights: Indian benchmark indices Sensex and Nifty closed higher Monday, lifted by IT shares after Federal Reserve Chair Jerome Powell signaled the U.S. central bank could cut interest rates as soon as next month.
On the 30-stock Sensex, the shares of Infosys, TCS, HCL Technologies, Tech Mahindra and Tata Motors led the gainers, advancing between 1% and 3%. On a sectoral basis, IT stocks rose 2.4% to lead the advance, with the Nifty’s top four performers all from the sector. The country's two largest software exporters, TCS and Infosys, climbed 2.8% and 3.1%, respectively.
The rally came after Federal Reserve Chair Jerome Powell, speaking Friday at Jackson Hole, signaled the U.S. central bank could cut interest rates as soon as September, citing rising risks to the labor market while warning inflation remained a concern. Lower U.S. borrowing costs tend to make emerging-market assets, including India’s, more attractive to global investors.
Still, caution lingered ahead of fresh U.S. tariffs, with President Donald Trump’s additional 25% levy on Indian goods set to take effect Aug. 27, potentially raising duties as high as 50%. India’s mid- and small-cap stocks, more exposed to domestic demand, surrendered early gains to finish largely flat.
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Top trades of the day
- Mazagon Dock Shipbuilders shares jump nearly 4% as Centre clears Rs 70,000 crore submarine project negotiations
- Yes Bank shares rally 5% as RBI clears SMBC stake acquisition
- Reliance Power, Reliance Infra shares fall up to 5% even as Anil Ambani distances himself from Rs 2,929 crore fraud probe
- Ola Electric shares rally 5% on policy talks to speed EV adoption
Global Markets Updates
- S&P 500 futures fell 0.2% as of 6:04 a.m. New York time
- Nasdaq 100 futures fell 0.3%
- Futures on the Dow Jones Industrial Average fell 0.2%
- The Stoxx Europe 600 fell 0.2%
- The MSCI World Index was little changed
Ashish Kacholia-backed Vikran Engineering raises big money from anchor investors ahead of IPO
The company informed the exchanges that it allotted 2,38,76,287 equity shares at Rs 97 apiece to a group of 14 anchor investors. The anchor book featured a mix of domestic mutual funds, insurance companies, global fund houses and alternative investment funds.
French stock Valneva shares tumble after suspension of US chikungunya vaccine licence
The FDA's Center for Biologics Evaluation and Research (CBER) said the suspension was based on reports of more than 20 serious adverse events, including 21 hospitalizations and three deaths, with one fatality directly linked to vaccine-derived encephalitis.
The regulator noted that while Ixchiq received accelerated approval in November 2023 for adults at increased risk of chikungunya, confirmatory trials have yet to demonstrate clear clinical benefit.
US stocks open lower as Powell-led momentum cools
VVIP Infratech approves fundraising up to Rs 100 crore via QIP
World shares are mixed after Fed chair Powell hints at rate cuts
European markets opened lower, with Germany's DAX down 0.2 per cent at 24,305.67, while the CAC 40 in Paris lost 0.6 per cent to 7,918.34. Britain's markets were closed for a holiday.
The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.2 per cent.
Oil prices edge up as traders weigh supply risks
Brent crude futures rose 40 cents, or 0.6%, to $68.13 by 1200 GMT, and West Texas Intermediate (WTI) crude futures gained 44 cents, or 0.7%, to $64.10.
Dollar edges higher after slump on Powell's dovish surprise
Expectations of policy easing and a slowing U.S. economy, alongside lingering worries about the U.S. fiscal position, are likely to exert pressure on the U.S. dollar, said Samy Chaar, chief economist at Lombard Odier.
Traders price in 85% odds of a quarter-point cut on September 17, up from around 70% before Powell delivered his speech, according to CME's FedWatch tool.
Mercedes-Benz Pension Trust to sell its 3.8% stake in Nissan Motor
Japan's third-largest automaker has been hit by U.S. tariffs, restructuring and lower sales volumes that have contributed to a 24% slide in its share price this year.
The sale indicates investor concern over the prospects for Nissan's turnaround plan that includes shutting production at some plants in Japan and overseas to slash costs and restore profitability.
The Mercedes spokesperson said the Nissan stake, which was transferred to the pension assets in 2016, is not of strategic importance and described the sale of the carmaker's remaining 3.8% stake as cleaning out its portfolio.
European stocks fall back after rallying on US rate hopes
Fed chief Jerome Powell told central bankers at their annual conference in Wyoming last Friday that "the balance of risks appears to be shifting" toward signs of weakness in the world's largest economy.
Investors interpreted that as a sure signal of a rate cut at the Fed's meeting next month, as inflation has not shown signs of soaring in the wake of President Donald Trump's tariffs blitz.
Gold inches down from two-week high on dollar strength
FIIs cut stakes in 12 large-cap stocks over two straight quarters; stocks tumble
Housing and Urban Development Corporation Limited (HUDCO) plans to raise up to Rs 3,000 crore by issuing non-convertible debentures
Mahua Moitra raises insider trading charge as Rekha Jhunjhunwala sold entire Nazara stake ahead of online gaming ban
NBCC gets Rs 3,700 cr order from Rajasthan govt to build mixed-use project
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Indian REIT market shows resilience and robust growth: ICRA Analytics
A wave of optimism swept through the domestic market, driven by expectations of a Fed rate cut in September and a subsequent decline in the US 10-year yield. The IT index outperformed, buoyed by favourable global sentiment. The domestic levers stay positive with the proposed GST rationalisation to push consumption demand, and a good monsoon season could serve as a catalyst to navigate any uncertainty in the global trade environment.
Forex Updates | Indian rupee ends down 0.1% at 87.58 per US dollar; previous close was 87.53
Closing Bell: Top gainers and losers in today's trade
Closing Bell: BSE market statistics
Closing Bell: Sensex heatmap
Closing Bell: Nifty above 24,950
Closing Bell: Sensex settles 329 pts higher
Sensex Today | Stock Market LIVE Updates: Nifty media tumbles
Commodities Market Updates: Zinc futures decline on weak demand
- Zinc prices on Monday fell 0.17 per cent to Rs 268.70 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
- On the Multi Commodity Exchange, zinc contracts for September delivery traded lower by 45 paise or 0.17 per cent at Rs 268.70 per kg in 2,106 lots.
- Analysts said the trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.
Commodities Market Updates: Copper futures gain on higher spot demand
- Copper futures rose 0.48 per cent to Rs 892.35 per kilogram on Monday due to higher spot demand.
- On the Multi Commodity Exchange, copper contracts for September delivery grew Rs 4.25 or 0.48 per cent to Rs 892.35 per kg in a business turnover of 6,063 lots.
- Analysts attributed the rise in copper prices to higher bets by participants.
Commodities Market Updates: Aluminium futures fall on low demand
- Aluminium prices on Monday declined 10 paise to Rs 253 per kilogram in the futures trade as participants trimmed their positions on a weak trend in the spot market.
- On the Multi Commodity Exchange, aluminium for delivery in September fell 10 paise or 0.04 per cent to Rs 253 per kg in 2,610 lots.
- Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
Commodities Market Updates: Gold futures fall on muted demand
- Gold prices on Monday declined by Rs 34 to Rs 1,00,350 per 10 grams in futures trade amid muted spot demand.
- On the Multi-Commodity Exchange, gold contracts for October delivery depreciated Rs 34 or 0.03 per cent to Rs 1,00,350 per 10 grams in a business turnover of 12,721 lots.
- Analysts attributed the fall in yellow metal prices to weak global cues.
- In the international markets, gold futures fell 0.20 per cent to USD 3,365 per ounce in New York.
Commodities Market Updates: Silver futures decline on reduced bets
- Silver prices on Monday declined Rs 28 to Rs 1,16,208 per kilogram as participants reduced their bets.
- On the Multi Commodity Exchange, silver contracts for September delivery decreased Rs 28, or 0.02 per cent, to Rs 1,16,208 per kilogram in a business turnover of 12,841 lots.
- Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
- Globally, silver was trading 0.07 per cent lower at USD 38.86 per ounce in New York.
Stock Market LIVE Updates | Shanghai stock benchmark hits new decade high, HK nears 4-year peak
- China and Hong Kong stocks surged on Monday, led by rare earths and property sectors, extending the bull run amid abundant liquidity.
- Shanghai Composite gained 1.5% to 3,883.56, highest since August 2015; CSI300 rose 2.1% to 4,469.22, surpassing July 2022 levels.
- Property jumped 5% after relaxed home-buying rules; rare earths rallied 6.5%, semiconductor sector up 1.8%.
- Hong Kong’s Hang Seng Index climbed 1.9% to 25,829.91; tech index up 3.1%, H-share index rose 1.9%. Read More
Sensex Today | 6 Midcap stocks with a strong RoE over 50%, do you own any?
Sensex Today | Stock Market LIVE Updates | Market Stats: Advance-decline ratio in favour of sellers
Sensex Today | Stock Market LIVE Updates: Nifty IT stocks trading in green
Sensex Today | Online gaming ban: How much Nikhil Kamath and Madhusudan Kela lost in Nazara shares
Sensex Today | Stock Market LIVE Updates: Top gainers and losers at this hour
Sensex Today | Vikram Solar listing tomorrow, GMP hints at double-digit premium. Here's what to expect
- Vikram Solar is set to debut on August 26, with a grey market premium of Rs 41, implying a likely listing around Rs 373 versus the IPO’s upper band of Rs 332.
- The IPO, raising Rs 2,079 crore, saw strong demand: QIBs subscribed 145.10x, NIIs 52.87x, and retail 7.98x.
- Vikram Solar, a leading solar PV module manufacturer with 4.5 GW installed capacity, plans to expand to 20.5 GW by FY27 and enter solar cell and battery storage manufacturing.
- SBI Securities rates the IPO “subscribe,” expecting improved profitability with solar cell production; FY25 revenue stood at Rs 3,423 crore, EBITDA Rs 492 crore, and PAT Rs 140 crore.
Sensex Today | JK Paper, TNPL, other paper stocks rally to 17% as govt fixes floor price on packaging imports
Sensex Today | TCS, Infosys shares gain over 3% after brokerages' bullish nudge. What's driving the upgrades?
Sensex Today | A defence goldmine? Up already 100% this year, Apollo Micro Systems shares rally 4% to hit lifetime high
Sensex Today | Stock Market LIVE Updates: Nifty above 25,000
Sensex Today | Stock Market LIVE Updates: Sensex jumps over 450 pts
Sensex Today | 4 IPO listings tomorrow, one big favourite. Check which one has the highest debut potential
- Four IPOs — Patel Retail, Vikram Solar, Shreeji Shipping, and Gem Aromatics — are set to debut tomorrow on Dalal Street.
- Patel Retail leads with 18% GMP and strong subscription, indicating potential solid listing gains.
- Vikram Solar and Shreeji Shipping show healthy GMP of 14% and 13%, backed by institutional interest.
- Gem Aromatics posts moderate 8% GMP; listing gains expected to be limited compared to peers.
Stock Market LIVE Updates | Japan's Nikkei climbs a 2nd day, led by tech on Fed rate cut hopes
- Japan’s Nikkei 225 rose 0.4% to 42,807.82, led by tech shares on optimism of looser U.S. monetary policy.
- Topix added just under 0.2%; SoftBank and Advantest gained 3.5% and 1.1%, respectively.
- TOTO surged 7.9% on U.S. plant expansion; Terumo fell 4% after $1.5B Organox acquisition.
- Strength in semiconductor stocks offset yen appreciation, while 118 advancers outnumbered 107 decliners.
Stock Market LIVE Updates | European shares retreat after Powell rally, JDE Peet's soars on buyout
- European shares slipped after nearing record highs on optimism around potential U.S. rate cuts.
- JDE Peet’s jumped 17.2% to a three-year high after Keurig Dr Pepper announced an €18.4B buyout.
- Pan-European STOXX 600 fell 0.3%; German DAX down 0.5%, France CAC 40 down 0.4%.
- Orsted dropped 15.5% after U.S. halted offshore wind project; other renewables also fell.
- Valneva shares plunged 20% after FDA suspended chikungunya vaccine license.
Sensex Today | Anlon Healthcare IPO opens for bidding tomorrow, Check GMP and key details?
- Anlon Healthcare IPO of Rs 121 crore opens Aug 26, closes Aug 29; listing on Sep 3.
- 75% QIB, 10% retail, 15% NII; minimum lot 164 shares (Rs 14,104).
- Funds for expansion, debt repayment, working capital, corporate purposes.
- Manufactures high-purity APIs, global approvals, 65 products, strong R&D.
Stock Market LIVE Updates: Australian shares inch higher as dovish Fed spurs risk-taking; miners lead
- Australian shares closed slightly higher on Monday, trimming earlier gains from a record-high level, as rising U.S. rate cut expectations boosted risk appetite across sectors, while stronger iron ore prices supported commodity stocks.
- The S&P/ASX 200 index closed 0.1% higher at 8,972.4 points, after hitting a record high of 9,054.5 points earlier in the session.
Bonds Market LIVE Updates: Euro zone yields rise, walking back Fed-driven fall
- Euro zone bond yields rose on Monday, reversing their fall from late last week as traders reassessed that U.S. Federal Reserve-driven move and its impact on Europe.
- Germany's 10-year bond yield, the benchmark for the euro zone, was up nearly 4 basis points at 2.76%, having dropped a similar amount on Friday.
Sensex Today | Stock Market LIVE Updates: Top gainers and losers at this hour
Fitch affirms India at 'BBB-' with stable outlook
- Fitch forecasts GDP growth of 6.5% for the fiscal year ending March 2026 (FY26).
- The rating is supported by robust growth and strong external finances.
- US tariffs pose a moderate downside risk to the forecast, though with high uncertainty.
Stock Market LIVE Updates: SBI asks central bank to allow banks to fund acquisitions
- State Bank of India, the country's largest lender by assets, has requested the Reserve Bank of India to allow banks to finance acquisitions, its chairperson said on Monday.
- Under current regulations, Indian banks are barred from lending for mergers and acquisitions, pushing companies to rely on non-banking financial firms or raise funds through bonds to finance such deals.
Commodities Market Updates | Oil prices climb after Ukraine attacks hit Russian energy sites
- Oil prices rose on Monday after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations for a cut in U.S. interest rates buoyed the outlook for global growth and fuel demand.
- Brent crude futures rose 13 cents, or 0.19%, to $67.86 at 0656 GMT, and West Texas Intermediate (WTI) crude futures gained 15 cents, or 0.24%, to $63.81.
Sensex Today | Stock Market LIVE Updates: Nifty IT gains over 2.5%
Sensex Today | Stock Market LIVE Updates: Sensex jumps over 400 pts
Sensex Today | Stock Market LIVE Updates: ICICI Bank has allotted 994,464 equity shares, each with a face value of Rs 2, under its ESOP plan
Sensex Today | Stock Market LIVE Updates: August 27 countdown begins: Will Trump drop the final 25% tariff bomb on India?
Sensex Today | Stock Market LIVE Updates: Paras Defence bags ₹45.3 crore BEL order for air defence systems
Stock Market LIVE Updates: Asian shares track Wall Street's rally after Powell hints at rate cuts
- Asian shares advanced on Monday, tracking Wall Street's rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way.
- Hong Kong's Hang Seng index jumped 2.1 per cent to 25,866.49, while the Shanghai Composite index surged 0.9 per cent to 3,858.59.
- Taiwan's Taiex was up 2.5 per cent.
- Tokyo's Nikkei 225 gained 0.3 per cent to 42,767.41.
- The Kospi in South Korea climbed 1.1 per cent to 3,204.48.
- Australia's S&P/ASX 200 edged 0.2 per cent higher, while the SET in Bangkok gained 1 per cent.
Sensex Today | Stock Market LIVE Updates: Key stocks that hit 52 week high
Sensex Today | Stock Market LIVE Updates: Cohance Lifesciences rise 5% as Jefferies initiates coverage with ‘Buy’ call
Sensex Today | Stock Market LIVE Updates: JM Financial initiates coverage on ITC Hotels with ‘Sell’ rating citing stretched valuations, sets Rs 215 target price
Sensex today | Stock market live updates: Markolines Pavement Technologies shares rise 3% as company receives letter of acceptance for order worth Rs 100 cr
Sensex Today | Stock Market LIVE Updates: TCS enables ICICI Lombard to deliver a fully automated multiregion disaster recovery on AWS Cloud
Sensex Today | Stock Market LIVE Updates: Vodafone Idea shares rally over 10% in 2 days amid AGR relief buzz
IPO Updates | Vikran Engineering IPO opens tomorrow, GMP signals 17% premium. Check other key details
Sensex Today | Stock Market LIVE Updates: Top gainers and losers at this hour
IPO Updates | OYO to file DRHP in November, targets $7-8 billion IPO valuation: Report
Sensex Today | Stock Market LIVE Updates: Realty stocks rise
Sensex Today | Stock Market LIVE Updates: Ola Electric shares rally 5% on policy talks to speed EV adoption
Sensex Today | Stock Market LIVE Updates: Nifty IT jumps over 2.5%
Sensex Today | Stock Market LIVE Updates: Studio LSD shares list at 20% discount to IPO price on NSE SME platform
Sensex Today | Stock Market LIVE Updates: HDFC Bank bonus issue
Sensex Today | Stock Market LIVE Updates: Mazagon Dock Shipbuilders shares nearly 4% as Centre clears Rs 70,000 crore submarine project negotiations
Sensex Today | Stock Market LIVE Updates: Nifty sectoral indices
Sensex Today | Stock Market LIVE Updates: Top movers so far
Sensex Today | Stock Market LIVE Updates: Reliance Power, Reliance Infra shares fall up to 5% even as Anil Ambani distances himself from Rs 2,929 crore fraud probe
Sensex Today | Stock Market LIVE Updates: Odisha Govt issues Rs 1,472.69 crore demand notice to JSW Steel
Sensex Today | Stock Market LIVE Updates: Top gainers and losers in the opening trade
Forex Updates | China's yuan jumps to one-month high on Powell's dovish pivot
- China’s yuan hit its strongest level in a month after Fed Chair Powell’s dovish pivot boosted sentiment.
- The rally coincided with a decade-high surge in Chinese equities.
- Onshore yuan touched 7.1569, offshore 7.1574, while the PBOC set the midpoint at its strongest since November.
Sensex Today | Stock Market LIVE Updates: Godrej Properties shares rise over 1% as co sells 683 housing units worth over Rs 1,000 cr in new Hyderabad project
Sensex Today | Stock Market LIVE Updates: Yes Bank shares rally 5% as RBI clears SMBC stake acquisition
Sensex Today | Stock Market LIVE Updates: Sensex jumps over 300 pts
Stock Market LIVE Updates: Goldman Sachs expects India’s household savings to add about ₹83 lakh crore to financial assets over the next decade
Sensex Today | Stock Market LIVE Updates: IndusInd Bank shares rise as CRISIL reaffirms AA+ rating, stock exits Nifty50
Sensex Today | Stock Market LIVE Updates: IDBI Bank shares jump 2% as SEBI approves LIC reclassification as public shareholder post divestment
Forex Updates | Indian rupee rises 17 paise to 87.35 against US dollar in early trade
Opening Bell: Sensex jumps over 200 pts, Nifty above 24,900; Infosys, Bajaj Finance rise up to 2%
Sensex Today | Stock Market LIVE Updates: EM assets to pull ahead of developed peers amid Fed easing
Sensex Today | Stock Market LIVE Updates: Bubble risks grow as China bull run defies economy angst
Stock Market LIVE Updates: FOREX News
- The euro fell 0.2% to $1.1695
- The Japanese yen fell 0.3% to 147.43 per dollar
- The offshore yuan was little changed at 7.1686 per dollar
Stock Market LIVE Updates: Global market update
- S&P 500 futures fell 0.1% as of 10:57 a.m. Tokyo time
- Japan’s Topix rose 0.2%
- Australia’s S&P/ASX 200 rose 0.1%
- Hong Kong’s Hang Seng rose 1.3%
- The Shanghai Composite rose 0.6%
- Euro Stoxx 50 futures fell 0.3%