INDIAN SHARES✨

Overall view: Today's combination of higher oil + higher US yields + stronger dollar + renewed Iran-US attacks is negative for Indian equities, particularly rate-sensitive and oil-dependent sectors. However, strong domestic growth, auto demand and selective stock-specific earnings stories provide support. The 24,000 Nifty level is the line to watch—holding it can produce another range-bound recovery, while a decisive breach would increase downside risk towards 23,800–23,900.

Good morning 🌄 Global setup: Indian markets are likely to open weak today. GIFT Nifty was around 24,042, indicating a discount of roughly 48 points to the previous Nifty futures close. Nifty closed yesterday at 24,055.80, while Sensex ended at 76,944.28. The immediate market mood is being dominated by the renewed US-Iran military escalation, sharply higher crude and a global bond-market selloff. US-Iran war: The conflict has escalated significantly again. The US launched a fresh wave of strikes against Iranian Revolutionary Guard targets around Iran and the Strait of Hormuz, citing attacks on commercial shipping and US personnel. Iran has retaliated with missile and drone attacks against US-linked military assets in Jordan and Bahrain. The key concern for markets is now the Strait of Hormuz, through which a very large portion of global oil supply normally passes. Any prolonged disruption could push crude considerably higher and create another inflation shock. Crude and inflation: Brent has moved sharply higher and was around $95–97 a barrel, after rising more than 4% in the previous session and extending gains today. WTI was around $91. The immediate risk is that sustained Brent above $100 could feed into India's inflation, current-account deficit, rupee and corporate margins. Oil-importing sectors such as aviation, paints, chemicals and some consumer businesses could face pressure, while upstream oil producers and selected energy companies could benefit. Bond yields and gold: The unusual feature of the current geopolitical rally is that gold is also under pressure, despite the war. The reason is the sharp rise in Treasury yields and the dollar. The US 10-year yield has moved towards 4.8%, as markets worry that higher oil prices will keep inflation elevated and potentially delay monetary easing. Gold fell more than 2% yesterday to around $4,342/oz and has slipped below its 200-day moving average near $4,528, triggering technical selling. Normally war supports gold, but currently the yield/dollar effect is overpowering the safe-haven demand. If yields subsequently cool, gold could regain strength quickly. Auto sales: August automobile numbers remained broadly strong, helped by a favourable year-ago base and improving festive-season demand. Maruti reported 2,19,220 total units, up 21.3% YoY, although volumes declined sequentially. Mahindra's overall vehicle sales rose 42% to 1,07,648, with SUVs up an impressive 50% to 59,257 units. Bajaj Auto's total sales rose 28% to about 5.35 lakh units, while exports jumped 51%. Tractor demand also remained healthy, with Escorts Kubota's domestic tractor sales up 20.5% to 9,523 units. The broad message is that rural and SUV demand remains strong, although the low-base benefit will gradually diminish. Brokerage/technical stock views: Stock-specific opportunities remain despite the weak index setup. Current technical calls include TCS with a target around ₹2,430 and support/stop-loss near ₹2,330; ONGC has a target around ₹242 with ₹230 as the risk level; Eternal has a target near ₹342 with ₹315 as the stop; Welspun Living has a target of ₹212 against ₹191 support; and IPCA Laboratories has a target near ₹2,127 with ₹1,918 as the stop. Himadri Speciality Chemical and Garuda Construction have also featured in technical recommendations. These are trading calls rather than long-term investment targets. Indian market technical outlook: The most important level remains 24,000 on Nifty. Nifty closed at 24,055.80 yesterday, so a decisive break below 24,000 could open the way towards 23,900–23,800, with the next important support around 23,823–23,890. On the upside, 24,150–24,250 is the first resistance zone, followed by 24,380; only a sustained move above 24,250–24,380 would improve the short-term structure. For today, the strategy remains sell-on-rise rather than aggressive buying, unless crude cools or there is a positive development on the Iran-US front.

Gift nifty -66 Yesterday midnight US carried fresh attacks on Iran . And said if iran retaliate, than US will respond with big strong attack. Brent crude spiked $95. World wide gas prices also inches up. Saudi sold bonds to to support its economy. Overall things going worse. In our country commodity prices going up, sugar, oil, Cooking oil, gas all inching up gradually, will lead to inflation.

Hy-Tech Engineers IPO This issue led the group with a massive total subscription of 244.41 times. [1] 2. Symbiotec Pharmalab IPO The public issue witnessed strong investor interest, closing with an overall subscription of 75.06 times. [1] 3. Skyways Air Services IPO The logistics and aviation firm closed its bidding window with a final subscription of 71.25 times. [1] Sky ways 8% down Symbiotic down 6% Hytech eng up 21% Check above subscription figures n listing rates. Gmp nowhere in co relation to listing rates , those are punters rates , to push ipo or for self interest . But good ipo stories will win.

Skyway air ipo 13 rs down vs ipo rate in pre open. We gave skip to ipo. Though ipo was subscribed multifold

Stock will open strong

The transaction is subject to regulatory and shareholder approvals and could take around 15 months. Happiest Minds is therefore likely to see very high volatility today, while the deal gives ITC's technology business significantly greater scale and AI/digital capabilities. Happiest Minds +1 Other stocks in focus: ITC and Happiest Minds apart, auto companies, PVR Inox, NCC, TBZ, Milky Mist, Sun Pharma, Aster DM Healthcare, EPL, E2E Networks and several companies with fresh orders/results or corporate developments are likely to remain active. IT stocks could also remain sensitive to the rise in U.S. yields and the dollar, while oil-sensitive sectors could face pressure if Brent remains above $90. FII/DII picture remains a major warning signal. On August 31, FIIs were net sellers of approximately ₹7,986 crore, while DIIs bought around ₹4,589 crore. The large FII selling means domestic institutions are currently absorbing a substantial portion of the foreign selling, but if crude and geopolitical risks persist, the pressure can continue. Nifty technical outlook Technically, 24,000 is the key make-or-break level. With GIFT Nifty indicating an opening near 24,175, the first battle will be around 24,150–24,000. If 24,000 holds on a closing basis, a technical rebound towards 24,250–24,300 and then 24,400–24,500 is possible. However, a decisive break below 24,000 can open the downside towards 23,850–23,700, while 23,600 becomes the next important support zone. My view for today: The bias is cautious/negative below 24,300. Avoid aggressive buying at the opening because the combination of GIFT Nifty -64, Brent $91.21, renewed U.S.-Iran escalation, U.S. 10-year yield near 4.78% and heavy FII selling is unfavourable. However, if Nifty holds 24,000 and crude starts cooling, a sharp intraday recovery is possible. 24,000 support and 24,300 resistance are the two most important levels today.

Good morning 🌄 Market Update — Tuesday, 1 September 2026 GIFT Nifty is now down around 64 points, indicating a cautious-to-negative opening for Indian equities, with the index hovering around the 24,175–24,200 zone. The overnight setup has deteriorated as geopolitical tensions push crude higher and U.S. bond yields remain elevated. Nifty had already closed at a one-month low yesterday, while foreign investors sold heavily. The immediate mood therefore remains defensive, although India's strong 7.8% Q1 FY27 GDP growth provides an important domestic cushion. Crude is the biggest risk today. Brent is around $91.21/barrel, reflecting the sharp escalation in the U.S.-Iran conflict. Higher crude is negative for India because it can pressure the rupee, inflation and corporate margins, particularly airlines, paints, chemicals, tyres and other crude-consuming sectors. Conversely, upstream oil producers and some energy stocks can remain relatively stronger. The market will closely watch whether Brent sustains above $90; a move towards $95–100 would significantly increase the risk premium for Indian equities. War update: The U.S.-Iran conflict has intensified again, with Iran launching retaliatory missile attacks against U.S.-linked military positions in the region after U.S.-Israeli military action. This has pushed oil sharply higher and created fresh concerns around energy supplies and the Strait of Hormuz. The important market trigger now is whether the conflict spreads further across Gulf countries or whether diplomatic efforts can contain it. Until there is clarity, crude, gold, dollar and bond yields are likely to remain volatile. Dollar/rupee: The rupee had actually finished August on a relatively firm note, reaching a near four-week high, helped by equity-related flows and RBI support. Current USD/INR indications are around ₹95.1–95.2, but the crude spike creates renewed depreciation pressure. A sustained move above ₹95.50–96 would be negative for the broader market because it could increase imported inflation and complicate the RBI's policy environment. U.S. bond yields are another concern. The U.S. 10-year Treasury yield has moved above 4.75% and is around 4.78%, its highest level in roughly 19 months. Rising crude is reviving inflation concerns and reducing expectations of aggressive monetary easing. Higher U.S. yields generally make emerging-market equities less attractive and can encourage foreign portfolio outflows from India. Auto stocks will be in focus today because August sales numbers are being released. July had been exceptionally strong, with domestic passenger-vehicle volumes rising about 34.3% YoY, two-wheelers about 22.6% and three-wheelers about 33.4%. August numbers will therefore be important for judging whether the momentum is continuing into the festive season. Early reported numbers include SML Isuzu total sales of 1,175 units, up 40% YoY, including passenger vehicles at 683 units, up 31%. The major numbers from Maruti, Tata Motors, Mahindra, Hyundai, Bajaj Auto, TVS, Hero and Eicher will remain key triggers during the day. Bajaj Auto has already reported August data showing total vehicle sales of about 4.18 lakh units, up roughly 5% YoY. Two-wheeler volumes were around 3.42 lakh, with exports rising strongly while domestic two-wheeler sales remained weak. This makes the domestic-vs-export mix particularly important for interpreting today's auto reaction. Happiest Minds is one of today's biggest corporate triggers. ITC Infotech has proposed acquiring about 22.1% of Happiest Minds from its promoters for ₹1,330 crore, followed by a merger through a share-swap arrangement. The proposed combined business is expected to have around ₹7,033 crore of FY26 pro-forma revenue, more than 19,000 employees and 800+ customers, with an ambition of reaching $1 billion annual revenue by FY28. Existing Happiest Minds shareholders are proposed to receive 25 shares of ITC Infotech for every 81 Happiest Minds shares.

India april-june Gdp 7.8% vs 7.3% expected.

Nifty technical outlook: Nifty closed Friday at 24,175.65, gaining 0.35%, but the broader technical setup remains cautious because the index is below important short-term moving averages and momentum indicators are not giving a strong bullish signal. 24,000 is the immediate psychological support, followed by 23,800. On the upside, 24,300–24,400 is the important resistance zone; a convincing breakout above 24,400 can take the index towards 24,800. Until that happens, the preferred view is consolidation with a slightly negative bias rather than assuming a fresh uptrend. Bank Nifty is also at an important level. Friday's close was around 57,496. The immediate support zone is roughly 57,300–57,100, while 57,600–57,700 is the first resistance area. HDFC Bank's weakness could have an outsized influence on the banking index today, so Bank Nifty's ability to hold its support will be important. US bond yields remain another headwind. The latest available US Treasury closing data before today's Indian session puts the 10-year yield around 4.73% and 2-year yield around 4.34%. Elevated yields keep global financial conditions relatively tight and can reduce the attractiveness of emerging-market equities, particularly when combined with FII selling and a stronger dollar. Today's MSCI rejig is particularly important. The August MSCI review changes are being implemented after today's market close, with the new composition effective September 1. Laurus Labs, Lenskart Solutions, Adani Energy Solutions and Groww-parent Billionbrains Garage Ventures are being added to the MSCI India Standard index, while Balkrishna Industries, SBI Cards and Astral are being removed. India's MSCI weight is expected to rise from 11.8% to 11.9%. The changes can create sizeable passive fund flows, so these stocks may see unusually high volumes and volatility towards the closing auction today. Overall market view: Today's setup is cautious/risk-off at the open because of the US-Iran escalation, Brent above $90, weak GIFT Nifty and continuing FII selling. However, India's strong 6.7% IIP growth, DII buying and the potential support from MSCI-related flows provide counterweights. For Nifty, 24,000 is the key line in the sand; below 24,000, 23,800 becomes important, while only a sustained move above 24,400 would materially improve the short-term structure. Energy, defence and selected infrastructure stocks could remain relatively stronger, while banks, airlines, paints and other oil-sensitive sectors may face pressure if crude remains above $90-94 zone.

Good morning 🌞 GIFT Nifty is indicating a cautious-to-negative opening. Around 8:00 AM, GIFT Nifty was trading near 24,220–24,240, down roughly 0.2% from the previous close of 24,275, after opening around 24,264.5. The weak global setup is mainly because of renewed US-Iran military escalation and higher crude prices. FII/DII activity: The latest available institutional data, for Friday, August 28, shows FIIs selling ₹4,280 crore net, with purchases of ₹12,246 crore against sales of ₹16,526 crore. In contrast, DIIs bought ₹4,463 crore net, purchasing ₹14,513 crore and selling ₹10,051 crore. This domestic institutional support remains an important cushion for the market, but persistent FII selling is still a negative factor. India's IIP data is actually encouraging. Industrial production grew 6.7% YoY in July, moderating from 7.3% in June but remaining healthy. Manufacturing grew 7.3%, electricity and gas supply rose 8.7%, while mining contracted 0.9%. Particularly strong areas were electrical equipment at 28.3%, motor vehicles at 22.2%, machinery at 12.1% and other transport equipment at 22%. Capital goods growth of 16.1% is especially positive because it points towards continuing investment activity. The biggest global risk this morning is the renewed US-Iran confrontation. US forces struck two Iranian rocket launchers on Larak Island in the Strait of Hormuz, saying they were being prepared for attacks involving sea mines. Iran retaliated by launching ballistic missiles towards US military bases in Jordan, although the missiles were intercepted. The important market implication is that the Strait of Hormuz remains vulnerable, with shipping activity sharply reduced. This raises the risk of another oil-price spike if the conflict escalates. Crude is therefore the key variable for Indian equities today. Brent jumped more than 2.5% to around $90.32/barrel, while WTI moved above $85 after the US strike. For India, sustained Brent above $90 would be negative for the rupee, inflation-sensitive sectors, paints, airlines, chemicals and other crude-consuming industries, while upstream oil producers can benefit. HDFC Bank will remain one of the most important stocks in focus. CEO Sashidhar Jagdishan has decided not to seek another term and will retire on October 26, 2026. The bank is accelerating the succession process, with Deputy MD Kaizad Bharucha among the leading internal candidates along with an external candidate. The market's concern is not simply the CEO change but whether the new management can accelerate retail loan growth, improve margins and extract greater benefits from the HDFC Ltd merger. The stock has already fallen substantially this year, so today's reaction will be closely watched. Other stock-specific developments: Reliance Industries is in focus after Jio Platforms received the regulatory observation letter for its proposed IPO. Cipla's US facility received a Voluntary Action Indicated classification following an inspection, while Aurobindo Pharma's API facility received three procedural observations from the US FDA. Max Estates' proposed acquisition of an approximately 84.71-acre West Delhi land parcel could unlock an estimated ₹10,000–12,000 crore of gross development value. Avantel received a ₹117.88 crore DRDO order, while Clean Max has entered a term sheet for procurement of 1,550 MW of wind turbines. NBCC has also signed an agreement with NHPC for infrastructure projects. Bharat Forge/forging and defence stocks remain worth watching. Bharat Forge continues to have a strong medium-term defence opportunity, although its recent results were affected by losses at its German subsidiary. Its Indian manufacturing business continues to target roughly 20–25% growth, while defence order execution and commercial-vehicle recovery remain important triggers. With the US-Iran conflict increasing geopolitical uncertainty, defence names could remain relatively resilient, although today's overall risk-off sentiment may initially cap gains.

ESDS Software Solution is a Mainboard IPO opening today, 28 August 2026, and closing on 1 September 2026. The company is an AI-enabled cloud, data-centre infrastructure, managed-services and software-solutions provider, with businesses spanning IaaS, SaaS, cybersecurity, cloud management, disaster recovery and GPU-as-a-Service. It serves BFSI, government and enterprise customers and had 2,501 customers in FY26. It operates five Tier-3 data centres in India. The IPO is sized at ₹720 crore, consisting entirely of a fresh issue. There is no OFS, which is a positive because the entire capital raised goes into the company. Around 1.68 crore shares are being offered, with the price band at ₹408–₹429. The lot size is 34 shares, requiring ₹14,586 at the upper band. Allotment is expected on 2 September and listing on 4 September 2026. Revenue increased from ₹286.5 crore in FY24 to ₹361.3 crore in FY25 and ₹472.2 crore in FY26. More importantly, PAT increased from ₹13.6 crore → ₹55.6 crore → ₹120.8 crore over the same period. Thus, FY26 revenue grew about 31%, while PAT more than doubled, rising approximately 117%. Operating margin also improved substantially from 35.6% to 42.9% to 49.6% over these three years. The ₹720 crore fresh capital is primarily intended for expansion of cloud-computing and data-centre infrastructure. This gives ESDS an opportunity to increase capacity in a rapidly growing market for cloud, AI computing, cybersecurity and data-centre services. The important point for investors will be whether this additional capacity generates adequate revenue and return on capital over the next 2–3 years. The company is also looking at international expansion, including Europe and Southeast Asia. Valuation At the upper price of ₹429, ESDS is valued at approximately ₹5,028 crore. Based on FY26 earnings, the IPO valuation is around 36.3x P/E and approximately 16.3x EV/EBITDA. The P/E is certainly not cheap compared with the broader market, but the premium is partly justified by ESDS's exceptionally strong recent PAT growth and high operating margins. For peer comparison, I would not blindly compare ESDS with a single IT-services company, because ESDS is a combination of data centres + cloud infrastructure + managed services + SaaS, giving it a different business mix. Its valuation therefore deserves to be judged against companies involved in digital infrastructure/cloud/data-centre services rather than traditional IT exporters alone. On that basis, 36x FY26 earnings is demanding but not unreasonable if ESDS can maintain 20–25%+ earnings growth. Institutional support & GMP The company has already raised approximately ₹216 crore from anchor investors at ₹429, the upper end of the price band. That provides some institutional validation. The current unofficial market premium is Rs. 330 also very strong, indicating expectations of a potentially substantial listing gain, although GMP should not be treated as a fundamental valuation measure because it can change quickly before listing. One can Apply for listing gains to medium term. Take a call further after reviewing results.

ESDS Software Solution is a Mainboard IPO opening today, 28 August 2026, and closing on 1 September 2026. The company is an AI-enabled cloud, data-centre infrastructure, managed-services and software-solutions provider, with businesses spanning IaaS, SaaS, cybersecurity, cloud management, disaster recovery and GPU-as-a-Service. It serves BFSI, government and enterprise customers and had 2,501 customers in FY26. It operates five Tier-3 data centres in India.

Good morning 🌞 GIFT Nifty: The early indication is mildly positive. GIFT Nifty was around 24,258, up about 38 points, suggesting a positive opening after Nifty closed yesterday at 24,090.85. Nifty has fallen around 1% over the last two sessions and is now entering a crucial zone: 24,000–23,800 is the immediate support, while 24,300–24,400 remains the first major resistance. A sustained move above 24,400 would improve the short-term setup, whereas a break below 23,800 could extend the correction. Global cues and crude: Asian markets are broadly positive, helped by technology strength after a strong US technology earnings season, but Indian investors remain cautious ahead of the Federal Reserve Chair’s Jackson Hole speech. Brent crude is around $89/barrel, remaining an important risk factor for India because elevated oil prices can pressure inflation, the rupee and corporate margins. US Treasury yields are also being closely watched. FII/DII flows: The institutional data provides a significant cushion. On 27 August, FIIs/FPI sold about ₹298 crore — buying ₹15,276.94 crore and selling ₹15,575.20 crore — while DIIs bought a strong ₹4,977 crore, with purchases of ₹19,605.60 crore against sales of ₹14,628.43 crore. Thus, combined institutional activity was a net ₹4,679 crore buying. Importantly, August has seen a revival in foreign flows, although daily FII selling remains volatile. Stocks in focus today: Wipro remains in focus amid developments in the IT sector; Lenskart is being watched for market activity; Tata Motors Passenger Vehicles and Ather Energy remain in focus from the auto/EV space; Kotak Mahindra Bank is also on the radar. BPCL remains sensitive to crude movements. The broader message is that investors are likely to favour companies with specific corporate triggers rather than take aggressive index-level bets. Brokerage calls: The wires-and-cables space has received fresh positive attention, with Polycab and KEI receiving Buy initiations and indicated upside of up to roughly 22%, supported by strong demand and their competitive positioning. On the negative side, Lupin saw a rating downgrade to Sell with the target reduced to ₹2,050, so pharma investors should remain selective CCL Products reported Q1 revenue of ₹1,200 crore, up 13.7% YoY. These results could create stock-specific movement today. Two fresh mainboard IPOs open today: ESDS Software Solution opens today and closes September 1, with a ₹408–429 price band, ₹720 crore issue size and 34-share lot, requiring about ₹14,586 at the upper band. Its reported GMP is around ₹335, although GMP can change sharply and should not be treated as a guaranteed listing gain. � Priority Jewels also opens today; it is a mainboard IPO, with a ₹191–200 band, ₹91.5 crore issue size and 75-share lot. Overall view: The market setup is cautiously positive for the opening but still technically corrective. The strongest positive is the aggressive DII buying and improving August FII flow, while the main risks remain crude near $89, US bond yields, Fed commentary and Nifty's inability to reclaim 24,300–24,400. For today, **24,000 is the key line to defend; above 24,400 the tone can turn considerably better.

Vedanta denied stake sale rumours

Good morning 🌄 GIFT Nifty & Market Setup: Indian markets are set for a positive opening today. GIFT Nifty was indicating a firm start, while the previous session saw Nifty close at 24,207.75. Easing crude prices and stronger global technology cues are supportive, although today’s monthly expiry could keep volatility elevated. Global cues: US markets ended broadly flat as investors assessed sticky inflation and the outlook for US interest rates. The key positive trigger is Nvidia’s latest quarterly performance: revenue rose 106% YoY to about $96.2 billion, while its next-quarter revenue outlook of around $108 billion came in above expectations. This is supporting Asian technology stocks and could provide a positive cue for Indian IT and semiconductor-linked counters. Crude & geopolitics: Brent crude eased to around $87.50/barrel, helped by indications of possible progress in talks concerning the Strait of Hormuz. Lower oil prices are positive for India because they reduce pressure on the trade deficit, inflation and the rupee. FII/DII activity: Foreign investors remained buyers for the second consecutive session, with ₹502.63 crore of net buying on August 26. Domestic institutions were much stronger buyers, with net purchases of roughly ₹6,425 crore. Continued DII support remains an important cushion for the market. Stocks in focus: TCS remains in focus after its acquisition of a Porsche-related IT services business. The transaction strengthens its automotive technology exposure, although the stock has remained under pressure this year. Hindustan Zinc should also remain watched after the government clarified that there is currently no plan for an OFS, removing a near-term supply overhang. Other stock-specific triggers: Great Eastern Shipping will have its board consider a share buyback proposal today. The company had reported a record Q1 FY27 consolidated profit of about ₹1,309 crore, making the buyback announcement an important trigger for the stock. Afcons Infrastructure is another stock to watch after receiving an arbitral award of about ₹335.5 crore. Brokerage calls: Stocks appearing on brokerage radar today include BEL, Zydus Lifesciences, Adani Ports, Angel One, Pine Labs and Sterlite Technologies, with fresh recommendations/target-price changes being tracked. The earlier downgrade of BSE, including a target cut to ₹2,940, also remains relevant for the exchange-sector stocks. IPO opening today: The key IPO opening today is Lumino Industries, a mainboard IPO. The issue opens on 27 August and closes on 31 August, with a price band of ₹78–₹82 per share and an issue size of about ₹700 crore. Other IPOs running: Skyways Air Services, Hy-Tech Engineers, Symbiotec Pharmalab and Annu Projects are already open/ongoing, while Lumino Industries is the fresh mainboard issue opening today. Overall setup: The combination of lower crude, strong Nvidia/technology cues and continued institutional buying is favourable for the opening. However, with monthly expiry, the market could see sharp intraday swings. 24,200 remains an important immediate Nifty reference level; sustained strength above the opening range could bring buying interest, while failure to hold 24,200 would keep traders cautious. The focus today should remain on expiry-related volatility, IT/technology stocks, oil-sensitive sectors, and stocks with specific corporate announcements.

Brokerage calls: Vedanta Aluminium has received a Buy call with a target around ₹540, implying roughly 21% upside. PFC and REC remain Outperform, although target prices have been reduced because of increasing competition in lending. Hindustan Copper has also received a Buy recommendation with a target of around ₹715. TCS has an Accumulate call with a target of ₹2,600 in the latest available brokerage compilation. Results: The June-quarter result season is largely over, but a few smaller companies are scheduled to report numbers today, including AVG Logistics, Foseco Crucible India, Juniper Green Energy and Knowledge Marine & Engineering Works. IPOs running today — 26 August There are 7 IPOs currently open for subscription today: Hy-Tech Engineers — Mainboard: ₹50–53; closes 27 Aug. It was already heavily subscribed, with QIB at 62%, NII 24.54x and retail 27.22x by Day 2. Symbiotec Pharmalab — Mainboard: ₹938–988; closes 27 Aug. Skyways Air Services — Mainboard: ₹131–138; today is the closing day according to several IPO calendars, although some databases show 27 Aug, so investors should verify the exchange window before applying. Annu Projects — Mainboard: ₹94–99; closes 28 Aug. Madhur Knit Crafts — SME: ₹95–100; closes 27 Aug; around 0.42–0.45x subscribed as of the latest available update. ABH Healthcare — SME: ₹96–102; closes 26 Aug according to the exchange/IPO calendar data; it was around 0.79–0.84x subscribed at the latest update. Sumax Engineering — SME: ₹95–101; closes 28 Aug; retail subscription was around 5.81x by the latest update. Overall setup: The combination of GIFT Nifty +80, lower crude, FII buying and positive global markets points to a firm opening. However, after the gap-up, 24,500–24,550 becomes an important immediate zone for Nifty; sustaining above it would keep the recovery intact, while profit-taking around the opening gains cannot be ruled out. The biggest stock-specific action should come from TCS, Hindustan Copper, Hindustan Zinc, Welspun Corp, HEG, Cipla and the IPO counters.

Market Update — 26 August 2026 GIFT Nifty is indicating a positive start. GIFT Nifty was around 24,560, up about 80 points/0.32% in early trade, suggesting a gap-up opening. Nifty had closed Tuesday at 24,334.55, up 115.5 points (0.48%), while Sensex gained 286.98 points. Global cues are supportive, with US and Asian equities higher and easing geopolitical concerns helping sentiment. Oil and geopolitical cues: Brent crude has cooled sharply to around $86–89/barrel, helped by developments around Iran and Oman and hopes of reopening the Strait of Hormuz. This is positive for India because lower crude reduces pressure on the current account, inflation and the rupee. US bond yields have also eased somewhat, while markets remain cautious ahead of upcoming US technology earnings. FII/DII activity remains supportive: Foreign investors were net buyers of ₹1,594 crore in the cash market on Tuesday, while domestic institutions bought around ₹230 crore. This was the second consecutive session of FII buying and is an important positive change after sustained selling pressure earlier in August. TCS will remain in focus after announcing the acquisition of Porsche's management and IT consulting arm MHP for an enterprise value of €320 million (~₹3,500 crore). Alongside the acquisition, it has signed a five-year €1.25-billion (~₹14,000 crore) strategic partnership covering AI, technology and software-defined mobility. The deal strengthens TCS's automotive and AI capabilities, although some brokerages remain cautious because of valuation and integration/growth concerns. Hindustan Zinc is another key stock to watch. Reports had suggested a possible government OFS of around 1.5–2%, worth roughly ₹5,000 crore, which triggered selling pressure. However, a subsequent clarification indicates there are currently no plans for a government-led OFS, so the stock could see some relief if the clarification holds. The company itself recently reported a very strong Q1, with consolidated net profit up 145% YoY to ₹5,469 crore and revenue up 77% to ₹13,747 crore. Hindustan Copper remains in focus because of its OFS. The government is selling a base 3% stake at ₹514/share, with a greenshoe option taking the total to 6%. The institutional portion received strong demand, with bids reaching 3.41 times the shares offered, and the government plans to exercise the greenshoe option. Retail bidding opens today. The stock had fallen sharply because the OFS floor price represents roughly a 10% discount to the prevailing market price. Welspun Corp remains a major news-based stock after winning its largest-ever single order of around ₹17,200 crore ($1.8 billion) from its US facility, taking its global order book to roughly ₹42,000 crore. However, today's focus is also on the proposed block sale of up to 63 lakh shares, worth about ₹1,417 crore, by a promoter-group entity and the MD/CEO at a floor price of ₹2,250. The block sale could create near-term supply pressure despite the very strong order-book story. HEG will be watched after its demerger was cleared, with the scheme becoming effective September 1 and September 7 as the record date. The restructuring will create two separately listed businesses, potentially unlocking value for shareholders. Cipla is in focus after a US FDA inspection of its Pithampur facility resulted in seven Form 483 observations. The observations need to be monitored for their eventual regulatory implications. Dabur has obtained a stay against a regulatory restriction concerning product claims, while Honasa Consumer has called off its proposed acquisition of a 58% stake in Fluence Pharma because closing conditions were not fulfilled. CEAT has received relief in an older bid-rigging matter. Other stocks in news: Tata Motors Passenger Vehicles, Varun Beverages, Axis Bank, JSW Energy, Data Patterns, Groww, Aptech and Waterways Leisure Tourism could remain active on company-specific developments. The broader market also continues to show strength in selected metals, defence and infrastructure names.