Stock Market

Stock Market

FTSE 100 Declines on Inflation Worries Despite Nvidia-Fueled Tech Gains

The FTSE 100 fell 0.8% as inflation fears overshadowed Nvidia-driven tech gains. Investors await Federal Reserve signals from Jackson Hole, with some policymakers advocating for further rate hikes. U.S. markets saw a modest rise, led by technology. Prudential's profit growth slowdown and ex-dividend stocks weighed on the index.
Finance News

Mike Ashley Labels Andy Burnham’s High Street Rescue Plan ‘Delusional’

Frasers Group owner Mike Ashley has called government plans to save the British high street 'delusional', criticizing proposed business rate cuts for some sectors funded by higher taxes on warehouses. Ashley argues that underlying business challenges like rates and employment costs are being ignored in favor of populist measures. He also defended the use of recommended retail prices amidst scrutiny.
Stock Market

Nvidia Earnings Surge Revives AI Spending Optimism, Shares Jump

Nvidia shares surged after the chipmaker's strong quarterly earnings and bullish revenue forecast alleviated concerns about a slowdown in AI spending. The company reported significant year-over-year revenue growth and provided an optimistic outlook, signaling sustained demand for its AI chips and boosting confidence in the broader AI sector.
IPO News

ESDS Software Plans Rs 720 Crore IPO Amid Robust Profit Growth

ESDS Software Solution Ltd. is launching an IPO to raise 720 crore, offering AI-enabled cloud managed services and data center solutions. The IPO opens August 28, 2026, with a price band of 408-429. The company has shown strong profit growth but the issue is considered aggressively priced by some analysts.
SME IPO

Madhur Knit Files for Initial Public Offering on NSE SME Platform

Madhur Knit, a knitted fabric and garment manufacturer, has filed a DRHP for an IPO on the NSE SME platform. The offering aims to fund expansion and general corporate needs, providing investors a chance to participate in the company's growth within the textile sector.
Stock Market

Indian Equities Navigate Geopolitical Tensions as Oil Prices Moderate

Indian stocks edged higher as oil prices eased from recent peaks after U.S. sanctions on Iran proved less impactful than feared. Healthcare and financial sectors led gains, reflecting a rotation into defensive assets amid ongoing geopolitical concerns. Analysts anticipate continued market caution.
Stock Market

Indian Equities Rebound on Expiry Day Amid Easing Yields and Oil Prices

Indian stocks rebounded on expiry day, with Sensex and Nifty erasing morning losses. Gains were supported by easing oil and bond yield pressures amid U.S.-Iran geopolitical developments. Defensive sectors showed strength, though broader market breadth was mixed. Investors await inflation data and Fed commentary for future direction.