Market News

Oil Holds Above $92 as Trump Escalates Iran Rhetoric

Crude oil remained above $92 per barrel as geopolitical tensions between the United States and Iran intensified, with concerns about potential disruptions to shipping through the Strait of Hormuz. Major financial institutions indicated that sustained regional instability could drive sharper price increases if critical supply routes face interruption.

Gold Rebounds Above Rs 1.58 Lakh Per 10g as US Yields Decline

Gold prices on the MCX surged above Rs 1.58 lakh per 10 grams as US Treasury yields fell and the dollar weakened amid increased liquidity support. Analysts anticipate continued volatility driven by geopolitical tensions and upcoming US economic data, though long-term demand fundamentals remain supportive.

Singapore's OCBC Issues £1 Billion Covered Bonds

Oversea-Chinese Banking Corporation (OCBC) has issued £1 billion of covered bonds maturing in 2029 under its $10 billion Global Covered Bond Programme, with the proceeds designated for general corporate purposes. The issuance reflects the Singapore lender's strategy to diversify its funding sources in global debt markets.

Crude Oil Nears $92/Barrel Amid US-Iran Tensions

Oil prices have surged to nearly $92 per barrel following rising Middle East tensions, with President Trump stating the United States is not in talks with Iran. The escalating diplomatic deadlock and Iran's shift toward aggressive military posturing have heightened concerns over potential supply disruptions in a region critical to global energy markets.

Credent Connect shares debut on NSE SME with 49% GMP premium

Credent Connect N Care shares listed on the NSE SME platform today, with a Grey Market Premium (GMP) indicating a 49% premium ahead of debut. The IPO received substantial investor interest, with subscriptions reaching 153.13 times the offered shares.

Japan shares rally as US debt buybacks ease bond market concerns

Japan's Nikkei index rose 1% to 65,982.49 as falling global bond yields and US Treasury plans to double long-duration debt buybacks improved investor sentiment and revived risk appetite. The gains extended beyond technology and semiconductor stocks, with strength in mining, pharmaceutical, and utility sectors offsetting declines in tech-related shares.

Indian Markets Rally as Sensex Gains 500 Points, Nifty Tops 24,200

Indian stock markets staged a strong comeback on Thursday, with the Sensex climbing 500 points and Nifty surpassing the 24,200 level, reversing earlier losses. The rally was driven by declining US bond yields, short-covering activity, and gains in key stocks including Infosys and TCS, with midcap and smallcap segments also participating in the advance.

South Korean shares surge 6% as chip stocks rebound strongly

South Korean equities rebounded sharply with a 6% gain, driven by chipmakers SK Hynix and Samsung Electronics recovering from prior-session losses. The rally, which triggered volatility curbs on the KOSPI, also extended to automakers and battery producers, supported by foreign investor buying.

Blue Star leads four NSE stocks with double-digit futures open interest surge

Four NSE F&O stocks, including Blue Star, recorded futures open interest growth exceeding 11% as of August 19, indicating heightened market participation through new and expanded futures positions. The sharp rise in open interest suggests increased hedging activity or speculative interest among traders and institutional investors.

FMCG Stocks Positioned for Growth as Consumption Demand Rises

Axis Securities has identified four FMCG stocks with upside potential amid strengthening consumption trends across both rural and urban markets in India. The recommendation reflects optimism about sector fundamentals supported by anticipated government spending and tax incentives.

Indian Equities Extend Losses as Oil Prices, Geopolitical Tensions Weigh

Indian stock indices fell for a seventh consecutive session as elevated oil prices and US-Iran tensions drove risk aversion across markets. The Nifty index dropped to 24,078 while the Sensex declined 326 points, with analysts identifying the 24,000-24,050 band as critical support.

Estee Lauder Projects Strong Profits Driven by Fragrances

Estee Lauder has projected robust annual profits expected to exceed Wall Street expectations, with growth anchored in luxury fragrances like Tom Ford and Le Labo. The company anticipates sustained demand from affluent young consumers while expanding its portfolio in China and international markets across makeup and haircare categories.

Milky Mist shares surge 43% from IPO price amid repeated upper circuits

Milky Mist's shares hit another 10% upper circuit on Wednesday, extending gains to 42.5% above the IPO price of Rs 140, driven by positive sentiment around the company's value-added dairy products and margin improvement. While analysts maintain a constructive view on growth prospects, they warn that current valuations have become elevated relative to fundamentals.

High Treasury Yields Put US Fiscal Outlook Under Spotlight

Persistently elevated US Treasury auction yields are increasing the cost of refinancing government debt and funding future deficits, with recent 10-year and 30-year auctions reaching multi-year highs as investors demand greater compensation for absorbing rising borrowing needs. While resilient demand indicates no immediate buyer strike, the mounting expense of servicing a substantial fiscal deficit presents a critical challenge for policymakers.

Anthropic's Pre-IPO Credit Facility Expands Beyond $10 Billion

Anthropic is expanding its revolving credit facility past its initial $10 billion target as the AI company prepares for an anticipated initial public offering this fall. Multiple banks are reportedly participating in the credit line, positioning themselves ahead of the company's Wall Street debut.

Gaja Alternative Asset Management raises Rs 165 crore from anchor investors

Gaja Alternative Asset Management secured Rs 165 crore from anchor investors ahead of its Rs 550 crore initial public offering, which opens for public subscription on Wednesday. The IPO proceeds will be allocated toward debt repayment, new fund seeding, and general corporate purposes, with listing scheduled for August 26 on BSE and NSE.

Tube Investments shares surge 8% on Q1 earnings, Motilal Oswal maintains Buy

Tube Investments of India's stock jumped 8% after the company reported Q1FY27 results showing a 17.7% revenue increase to Rs 2,227.63 crore, though profit declined 5% year-on-year to Rs 158.62 crore. Motilal Oswal retained its Buy rating with a Rs 3,379 target, highlighting strong core business performance and robust volume growth.

Biocon shares rise 2% after USFDA approval for Yesintek autoinjector

Biocon's share price increased 2% following supplemental FDA approval for Yesintek single-dose prefilled autoinjectors in two strengths for its US subsidiary. The approval expands the company's immunology portfolio in the United States market.

US stocks slip as oil surge, retail earnings await

Major US stock indexes declined as oil prices rose amid Iran-related concerns and global supply uncertainties, while investors awaited earnings reports from retail giants Home Depot and Walmart. The cautious market sentiment was reinforced by recent economic data from July, with technology stocks showing mixed performance despite ongoing AI investment activity.

Gold Rebounds on Safe-Haven Appeal After US-Iran Tensions Ease

Gold has recovered nine percent from recent lows as investors and central banks reassess safe-haven demand following market turbulence related to US-Iran tensions. Lower oil prices and softer inflation data are supporting the precious metal's renewed upward trajectory.