U.S. stocks closed lower on Tuesday, with the S&P 500 and Nasdaq pulling back from record highs due to disappointing corporate earnings. UnitedHealth and Boeing dragged down the Dow after their quarterly results. Investors are awaiting the Federal Reserve s policy statement amidst mixed economic data.

National Securities Depository Limited garnered Rupees 1,201 crore from anchor investors before its initial public offering. The IPO opens for subscription today. Life Insurance Corporation of India is the largest anchor investor. Other global and domestic institutions also participated. The IPO is entirely an offer for sale. NSDL reported revenue of Rupees 1,420 crore in fiscal year 2025.

Gold prices remained stable as investors awaited the Federal Reserve s policy statement for insights into future rate cuts. Focus also remained on U.S.-China trade talks before the August 1 deadline, with officials seeking an extension to the tariff truce. Investors are also closely monitoring U.S. economic data releases, including GDP figures.

The euro stabilized after recent losses, influenced by U.S.-EU trade dynamics and anticipation of Federal Reserve and Bank of Japan policy meetings. While U.S. and China aim to extend tariff truce, the U.S.-EU accord sparks mixed reactions in Europe due to perceived imbalances.

Oil prices saw a slight increase on Wednesday. This followed a rise of over 3% previously. Donald Trump gave Russia a deadline to end the war in Ukraine. He threatened tariffs. These tariffs could disrupt Russian oil exports. The US and EU averted a trade war. Talks are ongoing regarding Venezuela s oil production. These factors are influencing the oil market.

M&B Engineering launches its IPO today to raise Rs 650 crore. The IPO price is Rs 366-385 per share. The company will use the funds for capex and loan repayment. M&B is a major player in PEB and steel roofing. The company s clients include Adani Group and Tata Advanced Systems. Anand Rathi suggests subscribing for the long term.

Indian companies are leveraging the stock market rally to raise funds through qualified institutional placements (QIPs). Led by State Bank of India s record offering, around 40 firms plan to raise over $9.2 billion via QIPs in July. This fast-track method allows companies to quickly secure capital from professional investors, fueling optimism and growth despite recent market fluctuations.

MCX will hold a board meeting on August 1 to review Q1FY26 results and consider a share split proposal. Ahead of the meeting, it launched Cardamom Futures contracts to aid farmers. MCX holds a 98% share in India’s commodity derivatives market.

Shanti Gold International IPO allotment status is expected to be finalized today, allowing investors to check their share allocation ahead of the August 1st NSE and BSE listing. The IPO, featuring 1.81 crore fresh equity shares at Rs 199 each, witnessed strong demand, including Rs 108 crore from anchor investors.

Vinay Rajani of HDFC Securities suggests covering short positions in Nifty as it reaches a crucial support zone between 24,500-24,600, indicating an oversold condition. While the overall trend remains weak, a break above 24,890 could signal a bullish reversal. Rajani recommends Rallis India and JSW Steel as potential buys, citing positive results and technical setups.