The latest market news today highlights key updates from the stock markets around the world. The Indian equity markets are expected to be closed for 10 days in August, including weekends and the Independence Day holiday. Investors are keeping an eye on the upcoming Federal Reserve interest rate decision and earnings reports from major companies like Apple, Meta Platforms, and Amazon. Additionally, the coming week will see the listing of two new initial public offerings, including Ola Electric and Akums Drug.
In terms of specific companies, DLF is focusing on launching luxury projects in Gurugram, Mumbai, Goa, and the Chandigarh Tri-city in the coming months. Vinod Nair of Geojit Financial Services believes that market sentiment is likely to be influenced by Q1FY25 results, which have so far been weak. Moreover, Ganesh Dongre recommends stocks like Aditya Birla Capital, Wipro, and Tata Power for investors to consider.
The market is also seeing a jump in the market capitalization of top companies, with LIC and Infosys being among the biggest winners. Looking ahead, companies like SBI, Tata Steel, Coal India, BHEL, Pfizer, and Sun Pharma are set to announce their Q1 results next week. Overall, market triggers like global cues and central bank decisions are expected to guide market movements as the Nifty eyes a milestone of 25,100 this week. Investors can stay updated on real-time market updates by following Mint’s market blog.
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