Akums Drugs and Pharmaceuticals' shares began trading at Rs 725, a 6.8% premium over the issue price of Rs 679, after an IPO that was subscribed 63.5 times. The company will use the IPO proceeds for debt repayment, working capital, and acquisitions. Revenue grew 14% in FY24, while profits saw a decline.

Goldman sees Airtel’s growth sharply accelerating on the back of last month’s headline tariff hike and estimates the Sunil MIttal-led telco’s India business sustaining around 20% EBITDA growth for the foreseeable future.

Volatile is back, but there can be out performers. Outperformance on a bearish day is a good indication.

After Monday’s surge, the India VIX dropped over 13% to 17.7. All 30 Sensex stocks were in the green, with Tata Motors, Tech Mahindra, L&T, Infosys, JSW Steel, HCL Tech, and Maruti leading gains of up to 3%. All major sectoral indices were trading with gains, with auto, IT, media, Metal, PSU bank, realty, cons durables, and oil & gas rising between 1-3%.

The Indian market was projected to open higher on Tuesday, driven by global optimism. The Nifty Future fell by 2.50% to 24,094 on Monday. Analysts outlined key trading ranges and provided stock recommendations, including ITC, Tata Motors, and HPCL, with target prices and stop losses for short-term investors.

Top investors, including Warren Buffett and major Indian mutual funds, were seen increasing their cash reserves amid market turbulence. Buffett's cash piles rose to $277 billion, while Indian mutual funds held Rs 1.52 lakh crore in cash by June. Experts recommended a cautious, staggered investment strategy considering potential market corrections.

Macquarie and UBS both maintain Neutral ratings on Airtel, with target prices of Rs 1,280 and Rs 1,530, respectively. The company saw softer growth, with PAT exceeding expectations due to one-offs and EBITDA margin expansion from lower network costs. However, ARPU misses and enterprise performance could impact sentiment.

During the first quarter earnings season, 132 companies, including PFC and Tata Power, were scheduled to announce their financial results. Vedanta's net profit was expected to range between Rs 2,197-3,060 crore, with revenue estimates between Rs 35,440-38,674 crore for June 2024. Different brokerages provided varying growth predictions.

On Tuesday, Bharti Airtel, Eicher Motors, and NTPC declared August 7 as the record date for dividend eligibility. Bharti Airtel announced a dividend of Rs 8 per share, Eicher Motors Rs 51, and NTPC Rs 3.25. Yesterday was the final day to buy shares to qualify for these dividends.

Japan’s recent interest rate increase led to market pullbacks from international investors. The unwinding of leveraged trades added volatility to US and emerging markets. Concerns about US unemployment and inflation pressures prompted these moves, despite strong corporate balance sheets and liquidity levels remaining stable.

Sebi proposed an accelerated process for crediting and trading bonus shares, suggesting T+2 trading from the record date. This aims to minimize investor risks from market fluctuations caused by delayed bonus share credits. Currently, crediting and trading these shares can take up to 2-7 working days after the record date, lacking consistent timelines.

On Tuesday, Taiwan's stock market initially surged in early trading but later pared its gains amid concerns about the U.S. economy and tech companies. Key tech stocks such as TSMC, Mediatek, and Quanta saw similar trends. The Taiwan Stock Exchange signaled its commitment to maintaining market stability amid fluctuating conditions.

Analysts indicated that global panic selling might provide investment opportunities shortly. While Indian stocks appear oversold, further corrections are possible, especially in midcaps and large-caps. They recommended focusing on sectors such as pharma, FMCG, IT, chemicals, and financial services, which could outperform during the market's recovery phase.

Japan’s recent interest rate increase led to market pullbacks from international investors. The unwinding of leveraged trades added volatility to US and emerging markets. Concerns about US unemployment and inflation pressures prompted these moves, despite strong corporate balance sheets and liquidity levels remaining stable.

Brainbees Solutions, owner of the popular retail platform FirstCry, launched a ₹4,193 crore IPO with new shares and existing shares being sold by institutional investors like Softbank. The funds raised will help expand retail stores and warehouses. Despite being loss-making, the company has shown significant revenue growth, indicating strong business potential.

Unicommerce eSolutions aimed to raise ₹277 crore through an IPO, reducing the promoter's stake to 23.6%. The company saw significant growth in transactions and enterprise clients from FY22 to FY24. With a rich valuation, the IPO seems best suited for investors with a high-risk appetite despite notable financial progress.

Indian equities and the rupee fell sharply due to global market turmoil and recession fears. The Sensex dropped over 2,200 points while the Nifty declined considerably. Global concerns, including recession threats in the US and geopolitical tensions, contributed to the market decline. Bond yields decreased amid expectations of an earlier US Federal Reserve rate cut.

U.S. stocks saw substantial declines on Monday, with the Nasdaq and S&P 500 each falling over 3%. The losses were driven by recession concerns and a sharp drop in Apple shares after Berkshire Hathaway halved its stake. Weak economic data and concerns over the Federal Reserve's interest rate policy contributed to the market's extended sell-off.

The Cboe Volatility Index had its largest intraday jump on Monday and closed at its highest level since October 2020 due to U.S. recession fears and global market sell-offs. The S&P 500 witnessed substantial declines, causing investors to scramble for hedging strategies, leading to the surge in the volatility index.

Indian markets fell almost 3% on Monday, reflecting concerns over economic slowdown and global issues. Rupiah fell to an all-time low as uncertainty looms around RBI Policy amidst recession fears. Important companies like Tata Power and Vedanta are set to declare their Q1 results on Tuesday.

The index rose by 3,360.39 points to reach 34,818.81 approximately an hour after trading commenced. This increase followed significant declines on Wall Street that were notable, though not as severe as the sharp drop experienced in Tokyo on Monday.

“During this uncertain or volatile time, Pharma space is expected to do well and within this sector, Sun Pharma is showing signs of a continuation of the uptrend. Traders can buy for a target of Rs 1900 in the next few weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

Indian benchmark indices plummeted almost 3% on Monday amid global market shocks and concerns over a US economy slowdown. RIL, Bharti Airtel, Vedanta, Tata Power, and other major companies were highlighted due to recent news and quarterly results. RIL’s AGM is on August 29, while ONGC and Airtel disclosed contrasting profit performances.

Japanese stocks surged above 34,000 on Tuesday, recovering from Monday's 12.4% plunge. Central bank reassurances boosted markets, igniting a sharp rebound in the Nikkei, as well as gains in Wall Street futures. Currencies steadied, Treasury yields recovered, and oil prices rose after news of U.S. personnel injuries in Iraq.

Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.

The pharma major declined after reaching a high of Rs 1,638 on April 5, 2024. It found support above the 200-day EMA on the daily charts and the 40-week EMA on the weekly charts. Bouncing back from this support, the stock broke out from its April swing high and reached a new record above 1,700. The Sensex stock hit a record high of Rs 1,758 on August 5, 2024.

Wall Street's main indexes slumped on Monday (August 5) as fears of the United States tipping into recession following weak economic data rippled through global markets last week. Bourses from Asia to Europe took a beating, and bond yields slipped as investors rushed to safe-haven assets and bet the U.S. Federal Reserve would now need to cut interest rates aggressively to spur growth. The selloff was brutal, with the so-called Magnificent Seven group of stocks - the main driver for the indexes hitting record highs earlier this year - set to lose a combined $1 trillion in market value. Scott Wren, Senior global market strategist at Wells Fargo Investment Institute, explains the reasons behind the crash, watch!

While Friday's weaker-than-expected U.S. jobs data was the catalyst for the market sell-off, with Japan's blue-chip Nikkei index on Monday suffering its biggest one-day rout since the 1987 Black Monday selloff, the employment report alone wasn't weak enough to be the main driver of such violent moves, they added.

The buyback will take place through a tender offer and the buyback size represents 9.68% of the total paid-up equity share capital.

While Friday's weaker-than-expected U.S. jobs data was the catalyst for the market sell-off, with Japan's blue-chip Nikkei index on Monday suffering its biggest one-day rout since the 1987 Black Monday selloff, the employment report alone wasn't weak enough to be the main driver of such violent moves, they added.

On Monday, India's benchmark index Sensex plunged roughly 2,222 points, ending at 78,759. Despite this sharp decline, seven stocks within the BSE500 index reached their highest prices of the past year. Achieving a 52-week high is significant as it reflects the highest value a stock has attained over the last year, serving as a crucial indicator for traders and investors. This benchmark helps evaluate a stock’s current worth and forecast potential future price movements.

Shares of Bajaj Consumer ended at Rs 258.30 on the NSE today, falling by Rs 5.10 or 1.94% over the Friday closing price. The stock has delivered 13% returns over a one year period and in 2024, so far, outperforming Nifty on the YTD basis while underperforming the 50-stock index over a 1-year period. Nifty's YTD returns stand at 10% while 1-year returns hover around 23%.

In a circular issued on Monday, Sebi outlined new norms to hold AMCs accountable. These norms mandate the establishment of surveillance systems, internal control procedures, and escalation processes to identify, monitor, and address specific types of misconduct.

The U.S. economy does not look like it is in recession despite weaker-than-expected jobs data, but Federal Reserve policymakers need to carefully monitor changes in the environment to avoid being too restrictive with interest rates, Chicago Fed Bank President Austan Goolsbee said on Monday.

Amid fears of a potential recession in the US, Sensex closed Monday's session over 2,200 points lower, while Nifty slipped below the 24,100 level due to selling in heavyweights."The short-term trend of Nifty is sharply down and the overall chart pattern from smaller to larger time frame is looking weak. The next downside to be watched around 23625 (38.2% Fibonacci retracement taken from 4th June bottom to 1st Aug top). Immediate resistance is placed at 24250 levels," said Nagaraj Shetti of HDFC Securities.Here are 5 stock recommendations for Tuesday:

The oil-to-telecom conglomerate said that the dividend, "if declared at the AGM", will be paid within a week from the conclusion of the AGM. RIL has fixed August 19, Monday as the record date for determining the eligibility of investors for receiving dividend for financial year 2023-24 subject to the declaration of the dividend.

L'Oreal will acquire a 10% stake in Swiss skin care firm Galderma from a group of major shareholders, the two companies said on Monday, as the French firm seeks a cut of the profits from the booming injectable cosmetics market.

Apple and Nvidia led a sell-off in technology stocks on Monday as U.S. recession fears and Berkshire Hathaway's decision to cut its stake in the iPhone maker punctured a months-long rally in the sector.

The Indian stock market plunged over 1% for the second day in a row on Monday weighed down by US recession fears triggered risk-off sentiment.The S&P BSE Sensex plunged 2,223 points to close at 78,759 while the Nifty50 was down 668 points to close at 24,048.

Online brokerages including Charles Schwab and Fidelity Investments were down for thousands of users on Monday, according to outage tracking website Downdetector.com.

U.S. stock markets plunged in early trading amid growing concerns of a recession, with the S&P 500 falling 4% following its worst week in over three months. The Dow Jones Industrial Average also took a significant hit, dropping 1,197 points or 3%. Meanwhile, the Nasdaq Composite experienced an even sharper decline, plummeting 5.5% and wiping out 15% of its value from last month's record high.

While Nifty's nearly 4% fall from its peak over the last couple of sessions rests on imported factors, its Asian peer Nikkei 225 has plunged by 26% and entered a bear market on setback to its yen carry trade, following Bank of Japan's decision to hike policy rate by 25 bps.

According to Nagaraj Shetti of HDFC Securities, the Nifty's short-term trend is significantly bearish, with weakness evident across various timeframes. The key support level to watch for further downside is around 23,625, which aligns with the 38.2% Fibonacci retracement level. On the upside, immediate resistance is anticipated at 24,250.

Wall Street's most watched gauge of investor anxiety logged its largest ever intraday jump on Monday, as U.S. stock futures tumbled on rising fears the United States could be tipping into recession.

Capital markets regulator Sebi has amended mutual fund norms requiring Asset Management Companies (AMCs) to put in place an institutional mechanism to identify and deter front-running and insider trading in securities.

India's Adani Energy Solutions raised $1 billion through a share sale, which got bids from U.S. investors and sovereign wealth funds, the power distribution company said on Monday.

The current ICDR rules outline overall timelines for implementing a bonus issue. However, they do not specify exact timelines for the credit of bonus shares and the commencement of trading of these shares from the record date of the issue.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Monday's trading session, five stocks witnessed a long unwinding. Here's the list:

Ace investor Rekha Rakesh Jhunjhunwala-owned Baazar Style Retail has raised Rs 37 crore from Volrado Venture Partners reducing the fresh issue size to Rs 148 crore from Rs 185 crore.

Veteran investor Jim Rogers anticipates a severe financial collapse due to rising global debt. Rogers disclosed holding substantial cash reserves. Warren Buffett's Berkshire Hathaway also increased cash holdings to $277 billion following significant stock sales.