Market News

Pushp Brand Receives Sebi Approval for IPO Launch

Pushp Brand has obtained regulatory clearance from India's Securities and Exchange Board (Sebi) to proceed with its initial public offering, with existing shareholders including A91 Partners and Sixth Sense set to partially divest their holdings through an Offer for Sale. The company, which operates the Pushp and Munimji brands since 1974, plans to launch Pushp Kadak Chai in Q2 FY27 as part of its expansion strategy.

Indian stock market open on Rakhi; check 2026 holiday calendar

The Indian stock market will remain open on August 28 despite Raksha Bandhan celebrations, with the NSE, BSE, MCX and NCDEX operating normally. Investors can plan accordingly with six remaining market holidays scheduled for 2026, including major festivals and observances.

Piramal Finance's Rs 2,100 crore QIP oversubscribed 10x amid institutional demand

Piramal Finance's qualified institutional placement attracted bids worth Rs 21,000 crore, roughly ten times the offered amount, with participation from major global and domestic investors including BlackRock and Goldman Sachs Asset Management. The issue was priced at the upper end of its Rs 2,000-2,110 range, signaling strong market confidence in the financial services company.

India bonds decline as debt supply pressures override oil gains

Indian government bonds fell on Thursday as heavy debt supply weighed on prices, overshadowing support from declining oil prices. Policy meeting minutes suggested the central bank could raise interest rates if inflation risks broaden, while overnight indexed swap rates indicated potential rate increases ahead.

Abercrombie & Fitch Stock Surges 36% on Strong Earnings Beat

Abercrombie & Fitch shares jumped 36% following a better-than-expected Q2 earnings performance and raised forward guidance, driven by record revenue and robust brand expansion. The gains were further supported by tariff refunds, share buyback activity, and new strategic partnerships that have bolstered investor sentiment.

Motilal Oswal Initiates Buy on Adani Enterprises With 25% Upside Target

Motilal Oswal has initiated coverage of Adani Enterprises with a Buy rating and a target price of Rs 3,880, representing 25% upside potential from current levels. The brokerage cites expected EBITDA doubling by FY29 across airports, renewable energy, roads, and copper segments as key catalysts for growth.

Power Equipment Stocks Surge on AI Spending and China Restrictions

Indian power capex stocks including Hitachi Energy India, GE Vernova, TD Power, and CG Power gained up to 5 percent on Thursday, driven by Nvidia's strong data-centre growth outlook and expectations of sustained AI infrastructure investment. The rally was further supported by US restrictions on Chinese power equipment, which analysts suggest could benefit Indian equipment suppliers competing for global orders.

China stocks surge on Nvidia's upbeat outlook, AI shares lead gains

China's mainland stock indices rose on Thursday following Nvidia's positive revenue guidance, with artificial intelligence, semiconductor, and hardware companies driving the rally. The positive sentiment reflects growing confidence in AI infrastructure demand across the region.

Lupin Shares Fall 2% After Citi Downgrade to Sell

Citi downgraded Lupin to 'Sell' and slashed its target price to Rs 2,050, citing expectations of weaker US base-business sales and margin pressure. The brokerage also reduced FY27 EPS estimates by 14%, contributing to a 2% decline in the pharmaceutical company's share price.

India's Space Economy Poised for 5x Growth to $45B by 2030

India's government is targeting a fivefold expansion of its space economy to $40–45 billion by 2030, with the private sector transitioning from prototype development to commercial operations. The startup ecosystem has grown to over 400 companies, with firms like Skyroot Aerospace, Pixxel, Agnikul Cosmos, and Digantara positioned as leading players in the nascent commercial space sector.

Bombay Burmah Trading shares surge 14% after SC recalls lease-rent observation

Bombay Burmah Trading Company's stock jumped 14% after the Supreme Court recalled an earlier observation tying the company to a Rs 4,655 crore lease-rent liability. The court clarified that the amount had not been formally notified to the company or finalized, reducing concerns about potential financial exposure.

Titan, Infosys Lead 10 Stocks with Highest HNI Holdings in Q1

Titan and Infosys are among ten Indian listed companies with the highest concentrations of high net worth individual (HNI) holdings in the first quarter, according to recent market data. The findings underscore the continued preference of affluent investors for established blue-chip companies across sectors.

US Software Stocks Face Mounting Volatility Amid AI Uncertainty

US software stocks are experiencing heightened volatility as investors balance AI disruption risks against strong earnings performance, with upcoming earnings reports from Salesforce, CrowdStrike, and Oracle expected to provide critical insights into the sector's trajectory. Momentum trading, leveraged ETFs, and options activity are amplifying market swings while questions persist about whether earnings growth can sustain current valuations.

Skyways Air IPO closes with 5x subscription, signals 31% listing premium

Skyways Air Services IPO concluded its bidding period with 5.08x overall subscription, driven largely by retail demand. Grey market pricing indicates a potential listing day premium of approximately 31%, with anchor investors committing Rs 174.5 crore to the offering.

Nvidia Q2 FY2027 earnings beat expectations as AI boom accelerates

Nvidia reported Q2 FY2027 revenue of $96.2 billion, up 106% year-on-year, with Data Centre revenue surging 117% to $89 billion, reinforcing the strength of the artificial intelligence sector. The company's strong performance and upbeat outlook are now tempered by investor concerns around margin sustainability, supply chain constraints, and returns on AI investments.

Hindustan Copper shares drop 3% as government concludes Rs 2,982-crore OFS

Hindustan Copper's shares fell approximately 3% following the conclusion of the government's Rs 2,982-crore Offer for Sale, which was oversubscribed, while the company also faces regulatory fines totaling Rs 14.43 lakh from both BSE and NSE for board composition compliance issues. Despite near-term weakness, the multibagger stock has demonstrated substantial long-term returns, though recent volatility reflects immediate market sentiment following the capital raise and regulatory penalties.

Capri Global shares slip 3% after NSE, BSE impose Rs 74,000 penalty

Capri Global's stock declined nearly 3% following regulatory penalties totaling Rs 74,000 each from BSE and NSE for delayed compliance with SEBI listing regulations. The company has characterized the fines as immaterial and indicated plans to pursue a waiver, though the stock remains substantially higher year-to-date.

Vijay Kedia's Top 5 Holdings: Monthly Performance Review

According to reports, ace investor Vijay Kedia's portfolio top five stock holdings have been tracked over a one-month performance period. The analysis provides insight into how these select positions have moved within the Indian equity market during the review window.

Devyani International Shares Rally 4% After Sapphire Foods Merger Plan Revision

Devyani International's shares rose 4% after the company announced a revised merger plan with Sapphire Foods India, with the core transaction remaining on track while a secondary share sale component was cancelled. The share-swap ratio stayed unchanged, though the revised structure will affect post-merger promoter ownership levels.

19 Indian Stocks Delivered Tenbagger Returns in 5 Years

According to reports, nineteen Indian stocks have achieved tenbagger returns—gains of at least 1,000 percent—over the past five years, with GE Vernova T&D and BSE shares surging over 2,000 percent, while other performers like Apar Industries and Zen Technologies also posted significant gains. The performance aligns with investment principles attributed to noted investor Peter Lynch, who emphasizes deep understanding of holdings and long-term commitment as keys to substantial wealth creation.