- GIFT Nifty trades down 65.60 points at 24,144, signaling a negative Nifty 50 open
- Nifty 50 and Sensex fell 0.14% and 0.22%, ending a two-day gaining streak
- Wall Street tech selloff led by chipmakers amid concerns over AI price hikes
Good morning!
The GIFT Nifty is trading at a decline of 65.60 points at 24,144 as of 6:00 a.m., indicating negative open for the benchmark Nifty 50. The NSE Nifty 50 and BSE Sensex fell 0.14% and 0.22% respectively. US and European index futures are trading higher during Asian trading hours.
- S&P 500 futures trade 0.28% lower.
- Euro Stoxx 50 futures trade 0.26% down.
US Market Wrap
Wall Street started the week on a cautious note as a selloff in chipmakers overshadowed a dip in oil, with traders assessing Treasury Secretary Scott Bessent's plan to isolate Iran from the global economy. Semiconductor stocks sank just days before Nvidia's earnings. The sector was hit by a report that some of the chipmaker's biggest customers face AI-related price hikes of over 15%. A memory-chip ETF dropped 5.9%. The Nasdaq 100 lost 1%. The S&P 500 fell 0.3% as of 4 p.m. New York time
Asian Market Wrap
Asian stocks were poised to fall after Wall Street retreated, with losses in tech outweighing a drop in oil prices.Index futures pointed lower in Japan and South Korea, while Australia edged higher. Hang Seng futures rose 0.6%. The Japanese yen was little changed at 159.08 per dollar while the offshore yuan was little changed at 6.7212 per dollar, as per Bloomberg.
Commodity Check
Oil held its decline as the US stepped up economic pressure on Iran and its trading partners to force energy flows to resume through the Strait of Hormuz. Brent held near $92 a barrel after falling more than 2% in the prior session, while WTI was around $85.
Gold traded near a three-month high as traders assessed the Treasury's next move after its surprise bond-market intervention revived fiscal concerns. Bullion edged higher near $4,680 an ounce, having gained more than 7% over four sessions since the Treasury increased buybacks of long-dated debt. Gold climbed 0.5% to $4,676.92 an ounce at 7:45 a.m. Singapore time. Silver rose 0.9% to $69.53. Platinum and palladium also advanced, according to Bloomberg.
Indian Stock Market Recap
The Nifty 50 settled 32.95 points, or 0.14%, lower at 24,219.05, recovering 36.25 points from its provisional close. The Sensex ended 170.70 points, or 0.22%, lower at 77,370.13, improving 42.03 points from its provisional close. Both benchmarks snapped a two-day gaining streak.
ALSO READ: Meesho Tax Dispute Swells To Over Threefold To Rs 2,072 Crore In FY26
Stocks in news
- Manba Finance: Allots 9,000 NCDs worth Rs. 90 crore on a private placement basis.
- Tata Communications: Issues Commercial Paper worth Rs. 300 crore.
- Gala Precision Engineering: Income Tax inspection at co's premises have concluded with operations continuing in the normal course.
- Great Eastern Shipping (GE Shipping): Board to consider a share buyback proposal on 27 August 2026.
- Brigade Hotel Ventures: Appoints Vinay Gupta as Chief Executive Officer.
- TCC Concept: Sets 4 Sept 2026 as the record date for a stock split of 1 share into 5 shares.
- IZMO: Adds 170 new clients globally in Q1 for its automotive dealer digital platforms. 117 in the United States and 53 in Europe and the United Kingdom
- Cyient: Unveils new brand positioning ‘Nothing Less'.
- CSM Technologies: Enters a pact to adopt the Modular Open Source Identity Platform (MOSIP) framework for designing and implementing digital solutions.
- Dabur India: NCLT reserves order for the Second Motion Petition regarding the merger with Sesa Care.
- GPT Infraprojects: Arm declared L1 bidder for an order worth Rs. 97 crore. Order for Provision of Electronic Interlocking.
- Tata Consultancy Services (TCS): To acquire Porsche AG arm MHP Management for 320 million euros. Signs a 5-year strategic pact worth 1.25 billion euros with Porsche AG and MHP.
- Blue Cloud Softech Solutions: Board grants in-principle approval to evaluate proposed acquisition of CareTech AI via a swap of preferential shares.
- Pace Digitek: Arm receives a Letter of Award worth Rs. 92.9 crore from Kalpa Power Private for the supply and commissioning support of a Battery Energy Storage System (BESS) of 100 MWh capacity.
- Monte Carlo Fashions: Highlights its 2 state-of-the-art integrated manufacturing facilities in Punjab with an average revenue of Rs. 12,500 per sq ft.
- Afcons Infrastructure: Receives a Rs. 335.50 crore arbitral award against the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).
- Shivalik Bimetal Controls: Under process to obtain approvals to set up a new unit in Pune (Phase - 2).
- Senores Pharmaceuticals: Issues corporate guarantee for a Rs. 62 crore credit facility availed by its arm Apnar Pharma from ICICI Bank.
- UCO Bank: Board approves raising foreign currency funds to the extent of $1 billion through debt instruments under the MTN Programme.
- Chemplast Sanmar: Denies media reports regarding the acquisition of Symed Labs.
- Coal India: Incorporates Singapore based arm, CIL Global Pte. Ltd. to explore & develop overseas opportunities in the field of critical minerals asset acquisition, enable an efficient management of overseas investments, and provide structural flexibility for future acquisitions.
- Prabha Energy: Rights Issue Committee approves conversion of 95 lakh partly paid-up equity shares into fully paid-up shares.
- ICICI Bank: Prices $1 billion senior unsecured fixed rate notes under its $7.5 billion Global Medium Term Note Programme.
- Can Fin Homes: Board to meet on 29 August 2026 to consider raising funds up to Rs. 5,000 crore, including approval of a Key Information Document for Rs. 900 crore NCD issuance.
- Shanti Gold: Allots 46.43 lakh shares at Rs. 215 per share (including Rs. 205 premium) via a rights issue.
- HEG: Ravi Jhunjhunwala to resign as Chairman, MD, and CEO effective 1 September 2026; Riju Jhunjhunwala appointed as MD & CEO till 31 August 2031; Neha Rajvanshi appointed as CFO succeeding Ravi Kant Tripathi.
- Indian Railway Finance Corporation (IRFC): Receives GST show cause notice seeking Rs. 549 crore (including interest and penalty) over a FY23 ITC mismatch.
- Aegis Vopak Terminals: To acquire a 36,000 MT capacity storage terminal at Pipavav Port for Rs. 525 crore.
- Hindustan Copper: Government to divest a 3% stake via OFS (with an additional 3% green-shoe option) at a floor price of Rs. 514/share, with 10% reserved for retail and 25,000 shares for employees.
- Texmaco Rail & Engineering: Sets 11 September 2026 as the record date for the FY26 final dividend.
- Coromandel International: Dhaksha Unmanned Systems, an arm of co, inaugurated its new manufacturing facility at Kancheepuram, Tamil Nadu. Facility will support the development & execution of larger & complex programmes across its key UAV verticals.
- Piramal Finance: QIP issue opens with a floor price of Rs. 2,102.65 per share (board may offer up to a 5% discount).
- Smartworks Coworking Spaces: Approves a proposed reduction of securities premium by Rs. 385.62 crore to set off accumulated losses.
- Refex Industries: Bags orders worth Rs. 33.7 crore from a Telangana-based entity for Loading & Transportation Fly ash and Excavation of Fly ash. Time period of 120 days.
- Kotak Mahindra Bank: Allots $650 million in senior notes under its MTN Programme.
- Inox Green Energy Services: Board allots 4.9 crore shares of Inox Renewable Solutions Limited (IRSL) to shareholders.
IPO Update
Augmont Enterprises IPO Update Day 2
- Overall Subscription At 14.46x
- QIBs Subscription At 2.11x
- NIIs Subscription At 33.65x
- Retail Subscription At 13.37x
HY Tech Engineers IPO Update Day 1
- Overall Subscription At 7.74x
- QIBs Subscription At 0.51x
- NIIs Subscription At 8.79x
- Retail Subscription At 11.22x
Symbiotec Pharmalab IPO Update Day 1
- Overall Subscription At 0.80x
- QIBs Subscription At 0.35x
- NIIs Subscription At 1.04x
- Retail Subscription At 0.95x
Skyways Air IPO Update Day 1
- Overall Subscription At 1.16x
- QIBs Subscription At 0.46x
- NIIs Subscription At 0.92x
- Retail Subscription At 1.65x
Bulk/Block Deals
Meesho
Aagam Investments bought 12.50 lakh shares at Rs 200.01/share.
Bajaj Life Insurance bought 12.50 lakh shares at Rs 200.01/share.
Viridian Asia Opportunities Master Fund bought 12.50 lakh shares at Rs 200.01/share.
Societe Generale bought 23.75 lakh shares at Rs 200.01/share.
BNP Paribas Financial Markets bought 15.00 lakh shares at Rs 200.01/share.
Bofa Securities Europe SA bought 12.50 lakh shares at Rs 200.01/share.
Canara Robeco Mutual Fund bought 15.00 lakh shares at Rs 200.01/share.
Citigroup Global Markets Mauritius bought 15.00 lakh shares at Rs 200.01/share.
Edelweiss Mutual Fund bought 34.71 lakh shares at Rs 200.01/share.
Franklin Templeton Investment Funds - Franklin India Fund bought 15.00 lakh shares at Rs 200.01/share.
Franklin Templeton Mutual Fund bought 25.00 lakh shares at Rs 200.01/share.
Ghisallo Master Fund LP bought 12.50 lakh shares at Rs 200.01/share.
Goldman Sachs Bank Europe SE bought 14.25 lakh shares at Rs 200.01/share.
Goldman Sachs Investments Mauritius I bought 12.50 lakh shares at Rs 200.01/share.
HDFC Standard Life Insurance Company bought 75.00 lakh shares at Rs 200.01/share.
HSBC Mutual Fund bought 15.00 lakh shares at Rs 200.01/share.
Integrated Core Strategies (Asia) bought 17.50 lakh shares at Rs 200.01/share.
Kotak Securities bought 1 share at Rs 200.01/share.
Kuwait Investment Authority bought 9.77 lakh shares at Rs 200.01/share.
Morgan Stanley Asia Singapore bought 29.59 lakh shares at Rs 200.01/share.
Nippon India Mutual Fund bought 100.00 lakh shares at Rs 200.01/share.
Robeco Capital Growth Funds bought 5.23 lakh shares at Rs 200.01/share.
Y Combinator Continuity Holdings I LLC sold 230.28 lakh shares at Rs 200.01/share.
YCS16 Holdings LLC sold 206.04 lakh shares at Rs 200.01/share.
YCVC Fund I L.P. sold 48.48 lakh shares at Rs 200.01/share.
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Ratnaveer Precision Engineering
Crabel Vintrade bought 4.50 lakh shares at Rs 262.78/share.
Thakkar Nileshkumar Farshuram HUF bought 9.50 lakh shares at Rs 262.95/share.
Nitn Kapoor sold 4.00 lakh shares at Rs 260.26/share.
Senco Gold
Vision Ahead Services bought 10.00 lakh shares at Rs 365.66/share.
Standard Engineering Technology
Amansa Investments sold 15.08 lakh shares at Rs 312.55/share.
Entero
3P India Equity Fund 1 bought 7.62 lakh shares at Rs 1,377.80/share.
Prasid Uno Family Trust sold 10.88 lakh shares at Rs 1,377.80/share.
3P India Equity Fund 1M bought 3.27 lakh shares at Rs 1,377.80/share.
Lenskart
SVF II Lightbulb (Cayman) sold 450.00 lakh shares at Rs 641.75/share.
Societe Generale ODI bought 107.35 lakh shares at Rs 641.75/share.
Goldman Sachs Bank Europe SE bought 61.91 lakh shares at Rs 641.75/share.
Motilal Oswal Mutual Fund bought 47.71 lakh shares at Rs 641.75/share.
National Pension System (NPS) Trust bought 23.37 lakh shares at Rs 641.75/share.
Integrated Core Strategies (Asia) bought 22.40 lakh shares at Rs 641.75/share.
Goldman Sachs Investments Mauritius I bought 22.40 lakh shares at Rs 641.75/share.
HDFC Mutual Fund bought 22.12 lakh shares at Rs 641.75/share.
Vanguard Total International Stock Index Fund bought 12.91 lakh shares at Rs 641.75/share.
Vanguard Emerging Markets Stock Index Fund A Series Of VIEIF bought 12.41 lakh shares at Rs 641.75/share.
HSBC Mutual Fund bought 32.58 lakh shares at Rs 641.75/share.
NRSGVCC bought 8.94 lakh shares at Rs 641.75/share.
SBI Mutual Fund bought 7.79 lakh shares at Rs 641.75/share.
Franklin Templeton Mutual Fund bought 7.45 lakh shares at Rs 641.75/share.
VFTC - Institutional Total International Stock Market Index Trust II bought 6.53 lakh shares at Rs 641.75/share.
ICICI Prudential Life Insurance Company bought 5.96 lakh shares at Rs 641.75/share.
Ghisallo Master Fund LP bought 5.96 lakh shares at Rs 641.75/share.
ICICI Prudential Mutual Fund bought 7.45 lakh shares at Rs 641.75/share.
Kotak Mahindra Mutual Fund bought 4.67 lakh shares at Rs 641.75/share.
Sundaram Mutual Fund bought 4.47 lakh shares at Rs 641.75/share.
Morgan Stanley Asia Singapore Pte bought 3.93 lakh shares at Rs 641.75/share.
Edelweiss Mutual Fund bought 3.93 lakh shares at Rs 641.75/share.
BNP Paribas Financial Markets bought 3.93 lakh shares at Rs 641.75/share.
Kuwait Investment Authority bought 3.33 lakh shares at Rs 641.75/share.
Teachers Retirement System Of The State Of Illinois bought 2.24 lakh shares at Rs 641.75/share.
Vanguard FTSE All World Ex US Fund A Series Of VIEIF bought 2.07 lakh shares at Rs 641.75/share.
VFTC - Institutional Total International Stock Market Index Trust bought 1.09 lakh shares at Rs 641.75/share.
Nippon India Investment Unit Trust - Nippon India Equity Fund bought 1.00 lakh shares at Rs 641.75/share.
Vanguard Funds Public Limited Company Vanguard FTSE All World ETF bought 83,974 shares at Rs 641.75/share.
Commonwealth Of Pennsylvania Public School Employees Retirement System bought 78,685 shares at Rs 641.75/share.
Vanguard Total World Stock Index Fund bought 71,766 shares at Rs 641.75/share.
Wasatch Advisors Inc A/C Wasatch Emerging Markets Small Cap Fund bought 50,106 shares at Rs 641.75/share.
Vanguard Funds Public Limited Company Vanguard FTSE Emerging Markets ETF bought 49,373 shares at Rs 641.75/share.
Wasatch Advisors Inc. A/C Vanguard FTSE Emerging Markets ETF bought 49,373 shares at Rs 641.75/share.
Board Meetings
Fedbank Financial Services Limited- To decide on fund raising
Corporate Action
Waterways Leisure Tourism Limited - Face Value Split (Sub-Division) - From Rs 10 Per Share To Rs 1 Per Share
Lock In Shares
Shreeji Shipping Global- 104 mn shares, 64% of total outstanding, 1yr lock-in
IPO Openings
Annu Projects Limited is an engineering, procurement, and construction (EPC) infrastructure company that designs, builds, operates, and maintains essential overhead and underground utilities
Total issue size is Rs. 175 crores. The issue is entirely a fresh issue of 1.77 crore shares of ₹175.06 crore. It opens for subscription on Aug 25, 2026 and closes on Aug 28, 2026.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Income | 244.59 | 182.35 | 155.42 |
| Profit After Tax | 33.03 | 21.10 | 17.39 |
| EBITDA | 50.19 | 32.19 | 28.50 |
| EBITDA Margin (%) | 20.52 | 17.65 | 18.34 |
Amount: In crores
IPO Listings
Sunshine Pictures IPO subscribed 105.81 times. The public issue subscribed 56.60 times in the retail category, 123.52 times in QIB (Ex Anchor), and 197.04 times in the NII category by August 20, 2026 6:54:46 PM (Day 3).
| Category | Subscription (x) |
|---|---|
| Anchor | 1 |
| QIB (Ex Anchor) | 123.52 |
| NII | 197.04 |
| bNII (> ₹10L) | 198.42 |
| sNII (< ₹10L) | 194.27 |
| Retail | 56.60 |
| Total | 105.81 |
Shankesh Jewellers IPO subscribed 2.80 times. The public issue subscribed 2.42 times in the retail category, 1.32 times in QIB (Ex Anchor), and 5.68 times in the NII category by August 20, 2026 6:54:37 PM (Day 3).
| Category | Subscription (x) |
|---|---|
| Anchor | 1 |
| QIB (Ex Anchor) | 1.32 |
| NII | 5.68 |
| bNII (> ₹10L) | 5.29 |
| sNII (< ₹10L) | 6.46 |
| Retail | 2.42 |
| Total | 2.80 |
Insider Trades
Confidence Petroleum India: CONFIDENCE LPG BOTTLING, Promoter Group, bought 97.32 lk shares
Kilburn Engineering: Firstview Trading, Promoter, bought 50k shares; Isha Khaitan, Promoter, bought 25k shares; Yashodhara Khaitan, Promoter, bought 25k shares.
Paradeep Phosphates: ZUARI MAROC PHOSPHATES, Promoter, bought 2.90 lk shares.
Aurum PropTech: Aurum RealEstate Developers, Promoter, bought 30k shares.
KCP: VRK GRANDSONS INVESTMENT, Promoter Group, bought 35k shares.
Price Band
Price Band change from 20% to 10%: Allcargo Logistics, Shanthi Gears
Price Band change from 10% to 5%: Waterways Leisure Tourism
List of securities shortlisted in Short - Term ASM Framework Stage: Allcargo Logistics, Asian Energy Services, Kennametal India, UFLEX
List of securities to be excluded from ASM Framework: HLE Glascoat, Huhtamaki India, Rhetan TMT, Turtlemint Fintech Solutions
F&O Cues
Nifty Aug futures is down 0.4% to 24,188.10 at a discount of 31 points.
Nifty Options 25th Aug Expiry: Maximum Call open interest at 24,300 & Maximum Put open interest at 24,000.
Securities in ban period: NIL
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