BD Industries Rs 45.36 crore IPO opened today on the BSE SME platform, offering 42 lakh shares at Rs 102-108 each. The company, specializing in rotationally molded plastic products for various sectors, witnessed a significant financial turnaround in FY25. Despite strong revenue and profit growth, the IPO currently shows no grey market premium, with subscription closing on August 1.

U.S. stocks retreated from earlier highs after Federal Reserve Chair Jerome Powell tempered expectations of a September rate cut, despite a stronger-than-expected second-quarter GDP. While labor market data showed strength, concerns about tariffs, particularly on copper, weighed on the market. Tech giants like Microsoft and Meta saw gains after positive earnings reports, contrasting with declines in the materials sector.

Gold prices experienced a rebound, climbing 0.4% to $3,286.99 per ounce, after hitting a one-month low due to renewed trade uncertainties sparked by fresh U.S. tariff announcements. Investors bought on dips, even as expectations for a U.S. rate cut diminished following the Federal Reserve s decision to hold interest rates steady. Market participants are now awaiting the U.S.

The dollar neared a two-month high following the Federal Reserve s cautious stance on interest rate cuts, bolstered by a resilient U.S. economy and easing tariff concerns. Fed Chair Powell s remarks reinforced the dollar s strength, while the euro and sterling weakened, both on track for monthly losses. South Korea recently reached a trade agreement with the U.S.

India s stock market is facing potential losses due to newly imposed US tariffs, the highest in Asia, and concerns over energy purchases from Russia. This development exacerbates existing worries about India s economic slowdown and lagging corporate earnings, leading foreign investors to withdraw and seek more attractive markets like Hong Kong and South Korea.

Oil prices continued their upward trend for the fourth consecutive day due to concerns about potential supply shortages fueled by President Trump s efforts to resolve the Ukraine war and threats of tariffs on countries purchasing Russian oil. The U.S. is also considering tariffs on goods from India and has warned China about buying Iranian oil, further impacting supply dynamics. U.S.

Brigade Hotel Ventures will debut on the stock market on July 31. The IPO concluded successfully, raising Rs 759.60 crore. Grey market premiums are currently zero, suggesting a flat listing. The IPO was subscribed 4.48 times overall. The company reported a profit decline despite revenue growth. Investors will watch the stock s performance closely.

Microsoft exceeded revenue expectations, fueled by strong demand for AI tools and Azure cloud services, with Azure revenue soaring by 39%. The company s shares jumped over 6% after the announcement. Azure s full-year revenue surpassed $75 billion, marking a significant milestone.

Cash Ur Drive Marketing s IPO will open for subscription. The company aims to raise Rs 60.79 crore through a fresh issue and offer for sale. The IPO price band is Rs 123 to Rs 130 per share. The IPO will close on August 4. Allotment is expected on August 5.