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Fed Chair Kevin Warsh's hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.
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Ashoka Buildcon gained 12.64% to Rs 126.95 after the company announced that it has secured a Rs 602.16-crore order from Rail Vikas Nigam (RVNL) for electro-mechanical works for tunnels under the Rishikesh-Karnprayag rail project in Uttarakhand.
John Cockerill India rose 2.39% to Rs 8319.50 after the company secured an order worth approximately Rs 200 crore from A1 Iron & Steel Tanzania for steel processing equipment at its plant in Dodoma, Tanzania.
HDFC Bank rose 1.92% to Rs 733.85 after managing director and CEO Sashidhar Jagdishan decided not to seek reappointment and will retire on 26 October 2026.
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Asian refiners have increased purchases of Argentinian crude as the Iran war disrupts supply from the Middle East and drives competition for barrels from other regions.
The Annu Projects IPO allotment is likely to be finalised today, August 30, after the Rs 175.06 crore issue was subscribed 2.93 times. Investors can check their allotment status through KFin Technologies, NSE or BSE.
On August 28, six Nifty500 stocks that gained over 5% were identified using the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below, indicating strengthening price momentum and potential upward movement in the stocks.
Buy or sell indicator: Parekh recommends three stocks to buy today — KPIT Technologies, Sun Pharma Advanced Research, and Viyash Scientific
According to BS Research Bureau, DII ownership in HDFC Bank rose to 36.3 per cent in the June 2026 quarter, from 31.4 per cent in September 2025, marking an increase of 4.9 per cent.
BYD shares slid after the automaker released its latest results on Friday, despite higher second-quarter profit and overseas growth.
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HDFC Bank share price rose as much as 2.35% on NSE in Monday's trading session after CEO Sashidhar Jagdishan’s surprise decision to step down.
Lenskart has emerged from challenger to market leader, with Nomura initiating coverage with a ‘Buy’ rating and Rs 888 target, implying around 40% upside. The brokerage sees a long growth runway driven by store expansion, strong market positioning, vertical integration and a cost advantage, while MSCI inclusion could also attract passive inflows.
HDFC Bank's Managing Director, Sashidhar Jagdishan, has opted against reappointment, prompting brokerages to uphold their positive stance on the bank's stock. In light of this announcement, the board has hastened efforts to find a suitable successor. Analysts appreciate this proactive approach as it alleviates concerns and promises potential value. Investors’ attention now shifts to the upcoming leadership transition and its expected impact on future growth prospects.
Asian stocks fell as renewed US-Iran fighting pushed Brent crude above $90 a barrel, while hawkish Fed signals lifted bets on a September rate hike
Fed Chair Kevin Warsh's hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.
IPO GMP Today Live Updates: Purple Style Labs IPO opens today; Augmont Enterprises shares to list: Check GMP, Key Details and Should You Subscribe?
MCX gold October futures crashed by more than ₹2,600, or almost 2%, to drop to ₹1,53,640 per 10 grams, while MCX silver September contracts plunged by over ₹4,200, or nearly 2%, to ₹2,32,501 per kg in early deals.
The dollar held firm near a two-week high after Kevin Warsh's hawkish remarks lifted expectations of a September rate hike, while the yen slipped below 160 per dollar
On August 28, four Nifty500 stocks that gained over 6% appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. The pattern indicates strong buying pressure throughout the trading session and can signal potential upward price momentum.
ESDS Software Solution IPO GMP today, or grey market premium, stands at ₹335, the estimated listing price is ₹764 per share, implying a 78.09% premium over the IPO price of ₹429.
Rupee opens 11 paise lower at 95.49 against US dollar
Three SME IPOs open for subscription today and will remain open until September 2. Ashutosh Fibre and Shanti Inorganics are attracting strong grey market premiums of around 40% and 37%, respectively, while Phychem Technologies commands a more modest 5% premium.
Value of gold reserves increased USD 2.801 billion to USD 114.218 billion during the week. The special drawing rights (SDRs) were up by USD 112 million at USD 18.852 billion, the apex bank said.
GIFT Nifty:
Annu Projects' IPO was an entirely fresh issue of 1.77 crore shares. The issue opened for subscription on Tuesday, 25 August, and concluded on Friday, 28 August, with an overall subscription of nearly 3 times.
If you look at India over a long period, the country has done well. However, the past two or three years have presented several challenges, including tariff-related and war-related issues.
Priority Jewels IPO enters Day 2 with strong investor demand, after the issue was subscribed 1.93 times on Day 1. Retail investors subscribed 3.07 times, while the grey market premium stood at 23%, signalling potential listing gains. Priced at Rs 190–200 per share, the Rs 91.05-crore IPO closes on September 1, with analysts recommending subscription for the long term.
ESDS Software Solution IPO entered its second day with strong investor demand, after the issue was subscribed 2.10 times on Day 1. Retail investors subscribed 2.69 times, while the grey market premium stood at around 78%, signalling expectations of a strong listing. The Rs 720-crore IPO, priced at Rs 408-429 per share, closes on September 1.
Lumino Industries’ Rs 700-crore IPO entered its final day of bidding with the issue subscribed 4.87 times on Day 2, while its grey market premium (GMP) climbed to 74%, indicating strong investor sentiment ahead of the expected September 3 listing. The IPO is priced at Rs 78–82 per share, with proceeds largely earmarked for debt repayment and capacity expansion.
Nifty hovered near 24,175, needing to clear 24,200 to regain strength. Analysts suggest bullish option spreads for rebounds and caution against a 23,900 break. HEG and Laurus Labs are recommended buys with specific targets and stop losses. Glenmark Pharmaceuticals and Shipping Corporation of India also present buying opportunities. Newgen Software and Elgi Equipments show positive chart setups for investors.
Hero MotoCorp Share Price Live Updates: Hero MotoCorp's market performance reflected in its beta
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ falls below its 20-day Simple Moving Average
HCL Tech Share Price Live Updates: HCL Tech's Stock Price Declines Below EMA
Axis Bank Share Price Live Updates: Axis Bank's market close
India's new closing auction system will face its biggest test on Monday as MSCI rebalancing sends about $5 billion in passive-fund trades through markets, raising liquidity concerns
Jio Platforms is set to launch India's largest IPO at ₹37,700 crore after receiving SEBI approval. With plans to raise funds for debt clearance and corporate needs, this IPO could reshape the investment landscape.
Sun Pharma Share Price Live Updates: Sun Pharma's Technical Breakout
NTPC Share Price Live Updates: NTPC Volume Statistics
India's largest digital and telecom operator, Jio Platforms, got a regulatory nod for an IPO, but the National Stock Exchange, another mega issue, is still awaiting regulatory clearance.
Stocks to buy today: Sachin Gupta of Choice Equity Broking has recommended three stocks to buy today - Jindal SAW, Electrosteel Castings, Adani Enterprises.
KNR Constructions has received a letter of acceptance (LoA) worth Rs 157.55 crore from Greater Hyderabad Municipal Corporation (GHMC).
The U.S. is shutting out more foreign-made drones and robots. China’s scale means the global competition may simply move elsewhere.
Brent crude rose 1.23% to $89.18 a barrel after US strikes on Iran and Tehran's reported retaliation raised fears of further escalation in West Asia
UPL Share Price Live Updates: UPL's beta indicates a balanced risk-return profile
Gold steadied after falling more than 3% on Friday as US Federal Reserve Chairman Kevin Warsh’s pledge to fight inflation lifted bets the US central bank will raise interest rates.
Sensex Today | Stock Market LIVE Updates Monday: The GIFT Nifty indicated that the Nifty50 may open on a negative note. Most Asian markets fell in early deals
Indian stock market indices, the Sensex and the Nifty 50, are expected to open lower on 31 August due to weak global cues. Geopolitical tensions between the US and Iran may impact energy prices. Key macroeconomic events include India's GDP data and US non-farm payrolls this week.
The Rs 825 crore IPO, priced at Rs 788 per share, comprised a fresh issue of 79 lakh shares worth Rs 620 crore and an offer for sale (OFS) of 26 lakh shares aggregating Rs 205 crore. Ahead of the public issue, the company had also raised Rs 246.30 crore from anchor investors.
Angel One analyst Osho Krishan recommends two stocks to buy today for the short term: BEML and BSE.
U.S. forces on Sunday struck two launchers on Iran's Larak island in the Strait of Hormuz. It was the first known American strike on the Gulf nation since late July. Iran responded by attacking two U.S. air bases in Jordan, Iranian media reported on Monday, citing Iran's Revolutionary Guards.
US-Iran war: Brent crude futures gained $1.08, or 1.23%, to $89.18 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures advanced 92 cents, or 1.10%, to $84.32 per barrel.
This Monday marks a critical juncture for India's new closing auction system, as it gears up to manage an influx of billions in passive fund trades. The quarterly MSCI index rebalancing is expected to catalyze heightened trading volume, putting the system’s reliability under scrutiny. Both market participants and regulators are keenly awaiting how smoothly it addresses large institutional orders in this high-stakes environment.
Oil rose as fresh fighting flared up in the Strait of Hormuz, highlighting risks to flows from the Middle East after months of conflict.
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
On Monday, the dollar maintained its strength close to a two-week peak, fueled by expectations of a rate hike in September following assertive comments from the Fed. Meanwhile, the yen fell past the crucial 160-per-dollar threshold, raising concerns about possible intervention. As investors await key U.S. economic reports and discussions from the G20 meeting, rising oil prices further bolstered demand for the dollar.
On Monday, gold prices held steady following a noteworthy decline. Federal Reserve Chair Kevin Warsh suggested that interest rate hikes could be on the horizon, leading markets to predict an increased chance of a September rate rise. Labor market reports set to be released this week will offer additional economic clarity. Other precious metals also experienced slight fluctuations.
The September derivatives series offers traders intriguing opportunities, marked by sharp stock fluctuations. Notable bullish bets include Central Depository Services and Adani Power, both showcasing positive trends. Additionally, Persistent Systems and CAMS stand out with their promising upward indicators. In contrast, Hindustan Zinc is showing signs of accumulation and a symmetrical triangle breakout. However, Godrej Consumer Products is under significant bearish pressure, suggesting the likelihood of continued declines.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a negative start; Asian shares trade lower
The ₹680 crore IPO of Purple Style Labs opens today. The book-build issue is entirely a fresh issue of about 1.18 crore shares to raise ₹680 crore. Purple Style Labs IPO price band has been fixed at ₹546 to ₹575 per share.
The Indian stock market, led by Sensex and Nifty 50, is expected to start lower on August 31 due to weak global cues. The markets closed positively in the previous session, with Nifty 50 above 24,100, while analysts highlight crucial support and resistance levels.
Gift Nifty was trading around the 24,245 level, down nearly 96.4 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary policy signals. Markets anticipate potential interest rate hikes in the near future. This outlook is influencing investor decisions on longer-dated debt instruments.
Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today —Tata Technologies, Ask Automotive, Sagility, Ramkrishna Forgings, and TTK Healthcare.
Augmont Enterprises IPO will be listed today at 10:00 IST on BSE and NSE. With a grey market premium of +290, the estimated listing price is ₹1,078, reflecting a 36.80% increase from the IPO price of ₹788 amid strong investor demand.
Brokerages see further upside in AEL, but their targets already bake in steep premiums for its airports, new-energy and data-centre businesses, leaving earnings growth to do the heavy lifting.
MSCI’s Asia Pacific equities gauge fell 0.8%. Technology shares led declines, with the Kospi Index — a barometer for artificial intelligence investments — dropping over 3%.
In FY26, Indian firms made history by distributing a staggering ₹4.5 lakh crore in dividends, marking a remarkable 15% annual growth rate over five years. A significant portion of these dividends, two-thirds, came from the banking, finance, and IT sectors. Notably, the dividend payout ratio has tapered to a five-year low of 27%, indicating that a smaller share of profits is now being returned to shareholders as dividends.
JAPAN-BONDS/:Japan 2-year yields rise to 31-year high as auctions, rate hikes loom
Despite the continued decline, Nifty 50 index has managed to hold on to its broader structure, as it continues to trade within a narrow range for the past 11 weeks.
Oil rises Monday, amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday.
Brent crude futures climbed $2.22, or 2.52%, to $90.32 a barrel by 2202 GMT while U.S. West Texas Intermediate crude was at $85.41 a barrel, up $2.01, or 2.41%.
‘India has stronger buffers today—large reserves, a well-capitalized financial system and much deeper domestic institutional participation. We should distinguish short-term volatility from any fundamental derailment of India’s growth story.’
MarketSmith India reveals its top stock recommendations for today, 31 August. Get expert insights into the best-performing stocks to guide your investment decisions.
The HDFC Bank ADR jumped 62 cents, its biggest single-day rise in more than three months, on Friday, a day before the bank disclosed the CEO’s exit to the stock exchanges.
Indian equity markets closed higher on Friday, ending a losing streak with IT stock gains. HDFC Bank's CEO will not seek reappointment, while Mahindra & Mahindra expanded its EV battery service. Ola Electric received incentives, and Knowledge Realty Trust saw an offer for sale launch. NBCC signed an infrastructure project deal with NHPC, and KP Green Engineering secured new orders.
The proposal - put forward by persons representing large offshore funds and custodians at a recent meeting with officials of the Securities and Exchange Board of India (SEBI) and the finance ministry - implies that buy or sell orders would flow directly from an FPI server to the exchange instead of being routed through a broker's co-location server.
Block and bulk trades worth at least ₹80,000 crore were executed during the month - the highest since June 2025. Domestic mutual funds, insurance companies, pension funds, and a clutch of foreign institutions lapped up the increased supply of shares in the market.
HDFC Bank CEO Sashidhar Jagdishan's exit is seen as potentially reviving investor confidence in India's largest private sector lender amid a slew of crisis.
APR is accelerating its U.S. retail expansion with a Costco launch in September, as the K-beauty company's shares have surged nearly 100% this year.
One challenge for policy makers is that success on many measures won't show up immediately.
In his Sunday column for Investing Club subscribers, Jim Cramer explores the linkage between Nvidia's stock, the oil market, and the Federal Reserve.
