Key Points
- Markets are on their longest winning streak in four years.
- NSE Nifty50 hit a new record high, thanks to strong local and institutional investments.
- SEBI has raised red flags about SME IPOs and market manipulation.
- Air cargo numbers and Lego sales are up significantly.
- Wall Street is cautious, waiting for Nvidia’s results.
Looma News
NSE Nifty50 has had its longest winning run since October 2020, showing a steady climb thanks to ongoing local and institutional investment. The index recently hit an all-time high, closing at 25,052.35, as the market trend keeps going up. This boost is also backed by good news like a possible rate cut in the U.S., which has lifted IT stocks and others.
But there are some concerns too. SEBI has pointed out issues with the primary market, especially with SME IPOs, where there have been some irregularities and manipulation. This raises potential risks that could shake up market stability. Despite these issues, other sectors are doing well, with air cargo numbers rising for the eighth month in a row and Lego reporting a 13% sales increase in the first half of the year.
On Wall Street, things are a bit tense as investors wait for Nvidia’s financial results, showing a broader hesitation in global markets despite recent gains. Overall, while the markets are booming, keeping an eye on regulatory issues and market stability is still important.
