Market News

Nifty at Risk Below 24,000 Support Level; MCX, Havells in Focus

India's Nifty index faces a critical test at the 24,000 support level amid weakening momentum, with a break potentially signaling short-term bearishness, according to analyst Rupak De. De recommends monitoring auto and PSU bank stocks while identifying MCX, ELGI Equipments, Havells, and Himadri Speciality Chemical as key trading opportunities for the week ahead.

Four Sensex Stalwarts Mark India's Market Journey Since Inception

Reliance Industries, Hindustan Unilever, ITC, and Larsen & Toubro have remained part of India's Sensex benchmark since its inception, representing decades of market participation and evolving economic relevance. These companies demonstrate varying recent performance trajectories while maintaining enduring significance in the Indian equity landscape.

Three Key Milestones on the Road to Financial Freedom

Financial freedom requires progressive achievement of three milestones: transitioning from consumption to conviction, maintaining consistent investment discipline, and building a lasting financial legacy. These structured steps help investors navigate market volatility while aligning capital deployment with long-term wealth objectives.

Dollar Falls on Surprise US Retail Sales Drop

US retail sales unexpectedly declined in July, triggering a notable weakening of the dollar against major currencies including the euro and sterling, which reached multi-month highs. The softer retail data, combined with weakening inflation indicators, has reduced market expectations for a Federal Reserve rate hike in September and sparked concerns about labor market deterioration.

Gold rises on weaker dollar as inflation data cements rate-hold bets

Gold prices moved upward on Friday, supported by a weaker dollar and stable inflation figures that reduced expectations for a Federal Reserve rate hike. Other precious metals including silver and platinum also gained, while oil benefited from tensions in the Strait of Hormuz, though palladium declined.

Oil Edges Toward $90 on Tanker Attacks, Stalled Iran Peace Talks

Crude oil prices moved higher on Friday as tanker attacks in the Strait of Hormuz and disruptions at a Russian port offset resilient storage levels, with Brent crude closing at $88.52 and WTI at $82.40. The lack of progress in Iran peace negotiations added to upward pressure on energy markets already strained by shipping disruptions.

Alphabet becomes Berkshire Hathaway's third-largest investment

Berkshire Hathaway increased its Alphabet stake by 83% in the second quarter, elevating the tech giant to the company's third-largest holding behind Apple and American Express. The investment shift reflects Berkshire's strategic repositioning, including reduced cash reserves and the termination of its extended selling campaign.

Jane Street Reports $15B Loss in July Amid AI Selloff

Trading firm Jane Street sustained a $15 billion loss in July tied to an artificial intelligence-driven market downturn and the liquidation activities of AI hedge fund Situational Awareness, according to reports. Despite the significant setback, Jane Street has generated more than $40 billion in revenue year-to-date, maintaining a competitive position in the trading sector.

European shares snap 4-week rally as oil prices surge

European stock markets closed lower on Friday, ending a four-week winning streak as rising crude oil prices and geopolitical tensions offset strong corporate earnings. The STOXX 600 index posted a weekly decline but remained near record levels, though investors began rotating away from artificial intelligence-related stocks.

Anthropic IPO Valuation Anchored to $190-200B 2028 Revenue Forecast

Anthropic's impending initial public offering is being valued by Wall Street based on projected revenue of $190-200 billion by 2028, according to reports. The valuation framework relies on enterprise value-to-revenue multiples applied to these forecasted figures, with comparisons drawn to similar technology companies like Palantir and SpaceX.

Institutional Investors Trim Tech Holdings in Q2 13F Filings

Institutional investors reduced positions in major technology companies during the second quarter, according to quarterly 13F filings, citing already-large existing stakes that limited room for additional investment. While semiconductor stocks maintained positive momentum, AI-related equities experienced diminished buying interest following earlier enthusiasm, and energy sector stocks faced net selling pressure.

S&P 500 Falls as Retail Sales Weakness Offsets Energy Gains

The S&P 500 ended lower as weaker retail sales data prompted investor caution, with declines in AI-related stocks offsetting gains in energy. Market sentiment reflected concerns about consumer spending amid Middle East tensions and rising oil prices.

Nvidia's $500B financing plan targets AI chip demand surge

Nvidia has unveiled a major financing initiative worth $500 billion in collaboration with prominent financial institutions to support artificial intelligence chip acquisitions among startups. The debt solutions are designed to address skyrocketing demand for computing power and foster critical digital and AI infrastructure development across the tech industry.

Purple Style Labs to launch Rs 660 crore IPO by August-end

Purple Style Labs, the luxury fashion label behind Pernia's Pop-Up Shop, has received regulatory approval from India's securities regulator and plans to launch an initial public offering of Rs 660 crore by the end of August. The IPO proceeds will be directed toward expansion initiatives and support for the company's retail operations.

Awfis Q1 Profit More Than Doubles to Rs 24 Crore on Revenue Growth

Awfis Space Solutions reported consolidated net profit of Rs 23.93 crore in Q1, more than doubling year-over-year, while total income reached Rs 448.87 crore. The coworking operator, running 251 centres across 18 cities, maintained a 76 percent occupancy rate during the period.

Skyways Air launches Rs 582.8 crore IPO with price band of Rs 131-138

Skyways Air Services announced its initial public offering of Rs 582.8 crore, with shares priced at Rs 131–138 each, opening for subscription on August 24. The capital raised from the fresh issue will be allocated toward balance sheet strengthening, debt reduction, and working capital requirements.

GIC Re Reports 9.7% Profit Jump to Rs 1,922 Crore

General Insurance Corporation of India announced a 9.7% increase in profit to Rs 1,922 crore, driven by improved claims management and underwriting performance. The company also reported an 8.8% year-on-year rise in gross premium income, with enhanced cost efficiency reflected in lower incurred claims ratios.

Tapestry Shares Tumble 15% on Weak Sales Forecast Despite Profit Beat

Tapestry reported better-than-expected quarterly profits but issued a cautious annual revenue guidance, with Kate Spade experiencing a seven percent sales decline while Coach grew fourteen percent. The luxury conglomerate's stock fell fifteen percent following the earnings announcement, reflecting investor concerns about slowing North American demand and mixed brand performance.

IndiQube Spaces Q1 net loss narrows to Rs 23.88 crore

Indian coworking operator IndiQube Spaces reported a narrowed net loss of Rs 23.88 crore in Q1, with total income climbing to Rs 448.81 crore from Rs 324.12 crore year-over-year. The company operates 137 coworking centres across 17 Indian cities, managing 10.61 million square feet of space.

Japanese Stocks Hit Record High as Chip Rally Extends Winning Streak

Japanese equities surged on Thursday with the Topix index reaching an all-time high and extending a seven-session winning streak, driven primarily by strength in semiconductor stocks that tracked US counterparts. The rally was further supported by improved corporate earnings outlooks and gains in the financial sector, reflecting renewed investor confidence across major Topix-listed companies.