Market News

Ace Investor Madhusudan Kela Reduces Stake in Rashi Peripherals

Ace investor Madhusudan Kela's family cut its holding in Rashi Peripherals during the June quarter, according to reports, after the stock rallied nearly 200% over the past year. The reduction comes despite the company posting strong Q1 FY27 earnings with robust revenue and profit growth.

LIC shares decline after record Rs 31,552 crore OFS closes oversubscribed

India's government completed a record Offer for Sale of Life Insurance Corporation shares, raising Rs 31,552 crore by selling a 6.5% stake and achieving the 10% public shareholding requirement ahead of schedule, though share prices fell over 1% following the offer closure.

LEAP India launches Rs 2,480 crore IPO amid modest grey market premium

KKR-backed logistics company LEAP India is opening its Rs 2,480 crore initial public offering on August 7, with grey market premium indicating around 2% trading above the issue price band. The company plans to deploy IPO proceeds toward debt reduction and balance sheet strengthening as investor interest focuses on India's expanding logistics sector.

Sterlite Tech shares surge 4% on Rs 1,760 crore international order

Sterlite Technologies secured a Rs 1,760 crore international order for high-density optical fibre cables under a three-year contract, driving a 4% gain in its share price. The win strengthens the company's global order book and revenue visibility amid growing worldwide investments in telecom and digital infrastructure.

HAL shares surge 6% on strong order book and growth outlook

HAL's shares jumped over 6% following the release of its annual report, which revealed a robust order book of Rs 2.55 lakh crore providing 7-8 years of revenue visibility. The defence manufacturer expects accelerated growth driven by supply chain stabilisation, capacity expansion, and faster production of key platforms.

Gold, silver rally on weaker dollar and falling oil prices

Gold and silver prices surged for a third consecutive session on MCX, with gold rising Rs 757 to Rs 1,49,250 per 10 grams and silver gaining Rs 228 to Rs 2,27,812 per kilogram, driven by a weaker US dollar, lower Treasury yields, and declining oil prices. Over three sessions, gold has climbed 5.2% while silver has advanced 4.4%, supported by optimism around potential reopening of the Strait of Hormuz.

US Stocks Poised for Further Gains on Earnings and AI Spending

Strong corporate earnings and continued artificial intelligence infrastructure investment are supporting optimism for further US stock market gains, though Treasury yields and geopolitical risks remain concerns for investors. Market participants indicate that easing valuation pressures have bolstered confidence in the near-term outlook for equities.

Neuland Labs shares surge 6% on blockbuster Q1 profit jump

Neuland Laboratories shares jumped over 6% after reporting a 975% year-on-year surge in Q1 FY27 profit to Rs 147.4 crore, with revenue more than doubling and EBITDA rising 448%. The strong results were driven by commercial product sales and solid performance across its CMS and GDS business segments.

Dow hits record on Mideast optimism; Nasdaq weighed by SpaceX, AMD

The Dow Jones Industrial Average reached an all-time high Wednesday, buoyed by rising optimism around potential Iran peace talks, while the Nasdaq faced headwinds from declines in SpaceX and AMD following their earnings reports. Private payroll growth showed signs of cooling in July, signaling a moderating labor market as investors monitor inflation and anticipate the Federal Reserve's next policy decisions.

SpaceX Attracts Retail Buyers Despite Post-Earnings Share Decline

Retail investors purchased over $22 million in SpaceX shares on Wednesday following a significant post-earnings price drop that sent the stock below $110. The buying activity came after the company's first earnings report since going public, which highlighted increased AI revenue and new cloud agreements.

Paul Tudor Jones: Failure's Lasting Lessons Build Investor Resilience

Renowned investor Paul Tudor Jones emphasized that failure imparts enduring lessons that strengthen judgment and decision-making abilities. According to his remarks, professionals and investors should view setbacks as valuable learning opportunities that ultimately contribute to long-term success.

Molbio Diagnostics IPO Opens August 10 at Rs 768-807 Price Band

Molbio Diagnostics, a molecular diagnostics company, will launch its IPO on August 10, 2026, with a price band of Rs 768-807 per share for a total issue size of Rs 939.70 crore. The company plans to deploy proceeds toward expanding research and development infrastructure, manufacturing capabilities, and strengthening its healthcare diagnostics portfolio.

Indian Markets Consolidate After Gains; Nifty Eyes Gradual Recovery

Indian domestic equities experienced profit-taking following recent strength, with the Nifty Index declining modestly while the rupee strengthened against the US dollar. Investors are positioned for a gradual uptrend supported by global factors and corporate earnings, though attention remains fixed on imminent US jobs data and the RBI's monetary policy decision.

US Treasury yields fall as oil slides on Iran deal hopes

US Treasury yields declined on Tuesday as oil prices dropped sharply amid growing optimism about resolving the Iran conflict, reducing inflation concerns and prompting traders to lower their expectations for a Federal Reserve rate increase in September. The Treasury Department is expected to announce its borrowing plans soon.

Institutional investors over-subscribe LIC share sale; govt activates green-shoe

India's government received institutional bids worth Rs 36,400 crore for its Life Insurance Corporation share sale, significantly exceeding the base offer size and prompting authorities to invoke the green-shoe option. The oversubscription indicates strong demand for LIC shares as the government divests a 6.5 percent stake to accelerate compliance with public shareholding requirements.

Japan's 10-year yield climbs after weak bond auction signals softer demand

Japan's 10-year government bond yield rose following disappointing results from a debt auction that revealed weakening investor demand, erasing earlier gains in bond prices. The weak auction outcome has intensified pressure on benchmark yields amid ongoing scrutiny of Japan's fiscal position and potential Bank of Japan policy tightening.

Indian Markets Rise on Oil Easing; Paytm Parent Sees Stake Sale

Indian equities extended gains on Monday as oil prices eased and strong quarterly earnings bolstered sentiment, while Paytm's parent company faced investor selling of up to Rs 2,002 crore in shares. The government prepared to offer LIC shares to non-retail investors starting Tuesday, with Airtel, ONGC, and BSE set to report first-quarter results and ONGC announcing plans to reserve half its petroleum facility capacity for strategic reserves.

US Stocks Hit Record as Dow Closes at All-Time High on Iran Talks

US stocks opened August with strong gains, propelling the Dow Industrials to a record closing level amid easing oil prices and Treasury yields. Amazon's market capitalization surpassed three trillion dollars for the first time, while the communication services sector led gains as energy stocks declined.

Indian indices surge on crude oil relief, Sensex gains 544 points

Indian benchmark indices rallied on Monday as easing crude oil prices, driven by renewed US-Iran talks, lifted investor sentiment across the market. The Sensex gained 544 points and the Nifty rose 1.6%, adding nearly Rs 5 lakh crore to BSE market capitalisation, with TCS and IndiGo among top gainers.

Investing Relies on Judgment, Not Precision: Mohnish Pabrai

Renowned investor Mohnish Pabrai emphasized that investing cannot be reduced to exact mathematical calculations due to insufficient data points, advocating instead for an approach grounded in judgment and probability. His philosophy prioritizes understanding business fundamentals, managing risk through margin of safety, and avoiding the temptation to chase precise forecasts or short-term market movements.