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Stock Market LIVE Updates: GIFT Nifty futures hint flat start; S&P 500, Nasdaq hits record highs
Overnight, Wall Street indices ended with gains. The benchmark S&P 500 and Nasdaq Composite Index reached record highs for the second consecutive session, while the Dow Jones Industrial Average also finished stronger amid hopes of a rate cut by the US Federal Reserve next month. At the close, the Dow Jones was up 1.4 per cent, the S&P 500 rose 0.32 per cent, and the Nasdaq added 0.14 per cent.
Asian markets traded mixed. At last check, Japan's Nikkei was down 1.2 per cent and South Korea's Kospi was down 0.03 per cent. Conversely, mainland China's CSI 300 was up 0.59 per cent, Hong Kong's Hang Seng rose 0.39 per cent, and Australia's AXS 200 gained 0.66 per cent. ALSO READ | Stocks to Watch today, Aug 14: JSW Cement, BPCL, Infosys, ICICI Bank, ABFRL
Q1 results today
Indian Oil Corporation, Amara Raja Energy & Mobility, Ashok Leyland, AstraZeneca Pharma India, Glenmark Pharmaceuticals, Vodafone Idea, Inox Wind, Patanjali Foods, Swan Energy, Valor Estate, Easy Trip Planners, GE Power India, Hindustan Copper, Inox Green Energy Services, Inox Wind, IRB Infrastructure Developers, and Zaggle Prepaid Ocean Services will release their quarterly earnings on August 14. Additionally, shares of Apollo Hospitals, Deyani International, Jubilant Foodworks, United Spirits, Vishal Mega Mart, and others will remain in focus following the release of their quarterly results.
IPOs today
Shares of JSW Cement and All Time Plastics Regaal Resources will list on bourses, Regaal Resources initial public offer (IPO) will close for subscription. The basis of allotment of BlueStone Jewellery & Lifestyle IPO will be finalised. On the SME front, The basis of allotment of Icodex Publishing Solutions IPO will be finalised. Mahendra Realtors & Infrastructure IPO will enter its last day of subscription and shares of Connplex Cinemas and Sawaliya Foods Products will list on NSE SME.
8:09 AM
Stock Market LIVE Updates: Dollar extends losses as Fed rate cut hopes and political pressure grow
Stock Market LIVE Updates: The dollar fell for a second straight session on Wednesday, a day after a US inflation reading increased expectations of a Federal Reserve rate cut next month, and renewed pressure from President Donald Trump for lower rates added to the sell-off.
The dollar index, measuring the currency against a basket of peers, fell 0.2 per cent to 97.81, its lowest since July 28, extending its 0.5 per cent drop on Tuesday.
US consumer prices increased marginally in July, data showed on Tuesday, in line with forecasts and as the pass-through from Trump's sweeping tariffs to goods prices has so far been limited. READ MORE
8:08 AM
Stock Market LIVE Updates: Trump warns of severe consequences if Putin doesn't stop war after summit
Stock Market LIVE Updates: US President Donald Trump said on Wednesday that if his meeting with Russian President Vladimir Putin goes well, he would like to have a quick second meeting with Putin, Ukrainian President Volodymyr Zelenskiy, and himself.
"If the first one goes okay, we'll have a quick second one," Trump told reporters. "I would like to do it almost immediately, and we'll have a quick second meeting between President Putin and President Zelenskiy and myself, if they'd like to have me there." READ MORE
8:07 AM
Stock Market LIVE Updates: US market updates
Stock Market LIVE Updates: The benchmark S&P 500 and the Nasdaq hovered near record highs on Wednesday as investors were increasingly confident that the Federal Reserve could restart its monetary policy easing cycle next month, while the Dow Jones Industrial Average also finished stronger.
At the close, the Dow Jones was up 1.4 per cent, the S&P 500 rose 0.32 per cent, and the Nasdaq added 0.14 per cent.
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Mint
15 minutes ago
- Mint
Indian stock market: Nifty tops 25,000 level. Is this rally sustainable in near term?
Stock market today: The Nifty 50 index climbed back above the 25,000 level on Monday, August 18, for the first time since July 25, as a series of positive developments over the weekend helped counter concerns about a possible 25 per cent tariff on Indian imports by the Trump administration. Meanwhile, BSE index Sensex also soared nearly 1,100 points, rallying to 81,678.77 in Monday's trading session. Market experts said that Prime Minister Narendra Modi's statement on potential cuts in goods and services tax (GST) has boosted sentiment, especially in consumption-driven sectors. Analysts believe that automobiles, financials, consumer durables, and domestic-oriented industries connected to infrastructure spending stand to gain the most. 'The Prime Minister recent announcement of potential GST reforms is a significant positive. These measures are expected to reduce the cost of essential goods, which should boost consumer spending and corporate profitability. This will likely improve market sentiment and attract fresh investment,' said Sugandha Sachdeva, Founder of SS WealthStreet. Indian equity indices wrapped up the week on a subdued note, pressured by continued selling in key sectors and dampened global cues. The Nifty 50 managed a marginal rise of 11.95 points to close at 24,631.30, while the Sensex added 57.75 points to finish at 80,597.66. According to Choice Broking, Nifty is currently hovering near its short-term support of 24,590 (20-day EMA). 'The broader setup remains cautiously bearish to sideways, with the Nifty trapped between key averages. A breakout above 24,800 could trigger momentum buying towards 25,000+, while a break below 24,300 may invite fresh selling pressure, dragging the index towards 24,000–23,800. Traders should remain tactical with a buy-on-dips and sell-on-rise approach, keeping a close eye on the EMA cluster for directional cues,' the firm said. Support Levels:- 24200-24000 Resistance Levels :- 24700-24800 Overall Bias :- Sideways To Bullish The Bank Nifty index ended the week at 55,341.85, up 0.61% compared to the previous week's close. The weekly chart reflects buying support at lower levels, with the index successfully sustaining above the key 55,000 level. 'The Bank Nifty index formed a bullish-bodied candle with a slight upper wick, accompanied by consistent trading volumes. This price action reflects the possibility of a sideways or consolidation phase in the near term. As long as the index holds above the 54,800 marks, a 'buy on dips'; strategy remains advisable, with upside targets placed at 55,800 and 56,000. The Bank Nifty index is likely to face significant resistance in the 55,500–56,000 range. If the index continues to move higher, ICICI Bank & HDFC Bank from the private banking sector is expected to support the uptrend. Similarly, in the public sector banking space, SBIN is anticipated to show strength and contribute to any potential upside,' the brokerage firm added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
15 minutes ago
- Business Standard
PM's Diwali Dhamaka may come as GST cuts on small cars, insurance premiums
Prime Minister Narendra Modi's Diwali 'dhamaka' for consumers may come in the form of cuts in Goods and Services Tax (GST) on small cars and insurance premiums. According to a report by Reuters, citing government sources, Centre has proposed lowering GST on small petrol and diesel cars to 18 per cent from 28 per cent, and reducing GST on health and life insurance premiums to 5 per cent from the current 18 per cent, or even exempting them entirely. If cleared, the relief package could be unveiled before Diwali in October, India's busiest retail season, and just weeks ahead of the Bihar Assembly election. PM Modi, in his Independence Day address, promised 'next generation' GST reforms to ease the burden on consumers and micro, small and medium enterprises. Larger GST overhaul in the works PM Modi's rationalisation agenda is built on three pillars, the Reuters report said. This includes structural reforms, rate simplification, and ease of living. It seeks to correct inverted duty structures, reduce classification disputes, and eventually move towards a simplified two-slab structure with standard and merit rates while phasing out the 12 per cent slab. Moreover, as the compensation cess on luxury and sin goods is set to end, the Centre sees an opportunity to use that room to cut GST on everyday and aspirational products without hurting revenues. Compensation cess expiry and GST review Compensation cess refers to the extra levy introduced in 2017 on luxury and sin goods such as coal, tobacco, aerated drinks, and large cars. It was designed to compensate states for revenue losses after GST replaced earlier state taxes like VAT and octroi. Originally meant to expire in 2022, the cess was extended until March 2026 to help cover revenue shortfalls caused by the pandemic. Once it lapses, the Centre will have greater flexibility to rationalise GST rates without relying on this additional revenue stream. Small cars to see turnaround Small cars, defined as those under four metres with petrol engines up to 1,200cc and diesel engines up to 1,500cc, have steadily lost ground to SUVs, shrinking from nearly half the passenger vehicle market pre-pandemic to about one-third of the 4.3 million units sold in FY24. A lower tax rate could help revive demand in this category, which remains significant for manufacturers such as Maruti Suzuki, Hyundai Motor India, and Tata Motors. Big cars may get costlier The government is also considering a 40 per cent special GST slab for larger vehicles, which currently attract 28 per cent GST plus a compensation cess of up to 22 per cent, taking the effective burden close to 50 per cent. Officials are weighing whether to impose supplementary levies to keep the final incidence within the existing 43-50 per cent band. Insurance relief on the cards Households may see additional relief through cheaper health and life insurance. Cutting GST to 5 per cent from 18 per cent or zero would help lower premiums and expand coverage in a country. GST Council to meet in September The matter has been referred to the Group of Ministers set up by the GST Council, which is expected to take place on September 9, according to a report by CNBC-TV18. If approved, the package would mark the most significant GST restructuring since 2017.
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Business Standard
15 minutes ago
- Business Standard
MCX share price rises 4% after the company launches Nickel futures
Multi Commodity Exchange of India (MCX) shares rose 3.5 per cent on Monday, August 18, 2025, logging an intra-day high at ₹8,439 per share on BSE. At 11:47 AM, MCX share price was trading 2.35 per cent higher at ₹8,339.95 per share. In comparison, the Sensex was 1.16 per cent higher at 81,533.5. Why were MCX shares rising? The buying on the counter came after the commodity exchange launched the Nickel futures contract, effective today. The contract will contribute to efficient price discovery and encourage greater value chain participation across the country, according to the exchange filing. The launch of the Nickel futures contract will provide a robust mechanism for these industries to help them manage their price risks, making them more competitive. As the contract is rupee-denominated, it will help the participants to not only hedge their commodity price risk but also their currency risk. The trading unit and the delivery unit will be 250 kgs and 1,500 kgs respectively, effective from the September 2025 expiry contract onwards. The tick size will be ₹0.10 per kg, daily price limits of 4 per cent, and margins set at a minimum of 10 per cent or SPAN, whichever is higher. "The relaunch of MCX's nickel contract comes at a timely moment, with Thane district, Maharashtra, designated as the sole delivery centre. By reducing the lot size to 250 kg from the earlier 1,500 kg, MCX is democratising access for a wider pool of participants, especially SMEs and retail investors. This move comes as global markets continue to navigate surplus supply, shifting EV demand dynamics, and geopolitical disruptions. More than just a contract, this relaunch reflects India's ambition to position itself at the core of the global energy transition," said Motilal Oswal. About MCX: MCX, operational since 2003, is India's leading commodity derivatives exchange, and the largest Commodity Options Exchange globally (FIA, 2024), with a market share of about 98 per cent in terms of the value of commodity futures contracts traded in financial year 2024-25. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. The exchange has forged strategic alliances with various international exchanges, as well as Indian and international trade associations.
