Stock Market Today Highlights: Benchmark indices trade in the red in late session, Sensex down 307.24 points at 76,957.27

Sensex, Nifty end lower as crude surge and US rate fears weigh, MSCI rebalancing adds volatility

Sensex, Nifty end lower as crude surge and US rate fears weigh, MSCI rebalancing adds volatility

Equity benchmarks ended lower on Monday as rising crude oil prices, elevated global bond yields and fears of a potential US interest-rate hike weighed on sentiment.

Mahajan Imaging & Labs joins hands with Neuberg Diagnostics to expand north India presence

Mahajan Imaging & Labs joins hands with Neuberg Diagnostics to expand north India presence

Mahajan Imaging & Labs partners with Neuberg Diagnostics to enhance pathology and wellness services across northern India.

India’s fiscal deficit reaches 26.8% of FY27 target by July

India’s fiscal deficit at ₹4.55 lakh crore in April-July

India’s fiscal deficit stood at ₹4.55 lakh crore in April-July, or 26.8% of the ₹16.96 lakh crore target for financial year 2027.

IOCL targets gas sales of over 10.5 million tonnes by 2030

IOCL targets sales of more than 10.50 million tonnes (Mt) by the end 2030

IOCL aims to boost natural gas sales to over 10.5 million tonnes by 2030, following record sales in FY26.

Piramal Finance to raise ₹3,850 crore through QIP, promoter infusion

Piramal Finance to raise Rs 3,850 crore through QIP, promoter infusion

Piramal Finance will raise Rs 3,850 crore through a Rs 2,100 crore QIP and Rs 1,750 crore promoter preferential issue to strengthen its capital base.

Maruti Suzuki raises its capex plans to ₹77,500 crore by FY31

Maruti Suzuki increases capex outlay, to invest around ₹77,500 crore till FY31

Maruti Suzuki plans to invest ₹77,500 crore by FY31, launching 10 new SUVs and enhancing manufacturing sustainability.

Today’s markets overview:

Sensex closed 307.24 pts or 0.40% lower at 76,957.27, and Nifty 50 was down 95.25 pts or 0.39% to 24,080.40.

Bank Nifty witnessed a sharp rally by over 600 pts due to CAS. Sectoral losses were led by media, metals and FMCG.

Coal India to focus on realisations, productivity and cost control

Coal India to focus on realisations, productivity and cost control

Coal India will focus on realisations, productivity, cost control and asset utilisation after profitability and margins declined in FY26, Chairman B Sairam said.

Muthoot Finance board approves scheme of amalgamation amongst Muthoot Money Limited with the company itself

Muthoot Finance board approved the scheme of amalgamation amongst Muthoot Money Limited (a wholly owned subsidiary of the Company) with the company itself.

Shares flat at ₹3,001.50 on the NSE.

HDFC Bank CEO search: Lender looks to hire headhunter

HDFC Bank CEO search: Lender looks to hire headhunter

HDFC Bank is fast-tracking the search for a new CEO after Sashidhar Jagdishan’s unexpected resignation.

India’s August rainfall 16% below average, lowest in three years

India’s August ‌rainfall was 16% below average, ⁠its lowest in three ‌years, as the ‌El ‌Nino weather ⁠pattern suppressed ⁠the monsoon and widened the ‌rainfall deficit, weather department data showed on ‌Monday.

India’s August rainfall 16% below average as El Nino hits monsoon

India’s August rainfall was 16% below average, widening the seasonal monsoon deficit to 14%, as El Nino suppressed rainfall, IMD data showed.

Ceigall India arm commissions first 5 MW solar power plant in Maharashtra ahead of scheduled commissioning date

Ceigall Green Energy MH2 Limited, a Special Purpose Vehicle (SPV) being a wholly owned subsidiary of Ceigall India, has commissioned its first 5 MW Solar Power Plant at Ranjangaon Deshmukh, Taluka Kopargaon, District Ahilyanagar, Maharashtra, well ahead of schedule commissioning date and thereby eligible for the applicable incentive, under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0).

Shares flat at Rs 341.20 on the NSE.

Top gainers of Nifty 50: ICICI Bank (+1.44%), Grasim (+1%), Reliance (+0.73%), Bajaj Auto (+0.66%), M&M (+0.45%)

Top losers: Adani Enterprises (-7.20%), Adani Ports (-3.85%), Eternal (-2.85%), Tata Steel (-2.52%), Infosys (-1.59%)

Sensex traded 328.66 pts or 0.43% lower at 76,935.85at 3.05 pm, and Nifty 50 was down 123.25 pts or 0.51% to 24,052.40.

IOC boosted LPG output by 30% amid Hormuz disruption, refineries ran above capacity

State-owned Indian Oil Corporation (IOC) ramped up liquefied petroleum gas production by nearly 30 per cent and kept its refineries operating above 100 per cent utilisation as disruptions to maritime trade through the Strait of Hormuz threatened India’s energy supplies, its chairman said on Monday.

IOC boosted LPG output by 30% amid Hormuz disruption, refineries ran above capacity

State-owned Indian Oil Corporation (IOC) ramped up liquefied petroleum gas production by nearly 30 per cent and kept its refineries operating above 100 per cent utilisation as disruptions to maritime trade through the Strait of Hormuz threatened India’s energy supplies, its chairman said on Monday.

GHCL Ltd said commercial production of a new product ‘Vacuum Salt’ has commenced at the Soda Ash plant. Shares flat at Rs 442.85 on the NSE.

Apollo Pipes approves ₹300-crore investment plan for setting up a subsidiary to enter the tiles and ceramics business

Apollo Pipes Ltd board has approved an investment plan of up to ₹300 crore for setting up a subsidiary(ies) of Apollo Pipes Ltd, proposed to be incorporated for entering into the tiles and ceramics business; approved the issuance of warrants, each convertible into 1 (one) fully paid-up equity share, aggregating up to ₹189.10 crore, to identified persons belonging to ‘Non-Promoter’ Category on preferential basis (‘Preferential Issue’), for cash consideration.

The company also approved the proposal to increase the authorised share capital of the company to ₹60 crore.

Coal India to launch IPOs of South Eastern Coalfields and Mahanadi Coalfields this fiscal

State-run Coal India on Monday said it is planning to launch the proposed initial public offerings (IPOs) of South Eastern Coalfields and Mahanadi Coalfields in the current financial year and that the exact timing of the offers will depend upon the market conditions and the government directives.

Coal India to launch IPOs of South Eastern Coalfields and Mahanadi Coalfields this fiscal

Chairman B Sairam said both subsidiary IPOs are planned by year-end, with the exact timing dependent on market conditions and government directives.

OHM Global Mobility launches 130 new electric buses in Chennai

OHM Global Mobility (OHM), the strategic arm of Ashok Leyland and part of the Hinduja Group, providing e-mobility solutions for e-buses and e-trucks, has expanded its electric bus operations in Chennai.

OHM Global Mobility launches 130 new electric buses in Chennai

OHM Global Mobility launches 130 electric buses in Chennai, enhancing the city’s eco-friendly public transport network under MTC’s Phase 2.

At 2.21 pm, Sensex traded 416.96 pts or 0.54% lower at 76,847.55, and Nifty 50 fell 145.80 pts or 0.60% to 24,029.85.

Marine Electricals (India) receives work orders for Rs 398.81 crore. Shares trade at Rs 395.85 on the NSE, down over 2%

E2E Networks board approves raising of funds for an aggregate amount of Rs 1,500 crore

EMS Ltd receives highest bidder status from National Highways Authority of India for operations at Varshamedi fee plaza

EMS Ltd has received the highest bidder (H-1) status awarded by National Highways Authority of India (NHAI) for operations at Varshamedi Fee Plaza at Km 13+125 for a four-lane section with paved shoulder on NH-341 from Bhimasar, Junction of NH-41 to Anjar-Bhuj up to Airport Junction, Km 0.000 to Km 65.478 in Gujarat. The estimated order value of the work awarded (excluding TCS) is approximately Rs 2,838.88 lakh

Shares flat at Rs 375.80 on the NSE.

StarlinePS Enterprises said it has completed 20% acquisition of equity stake in Celloraa Energy Pvt Ltd

Natural gas: Support ahead

Natural gas: Support ahead

Natural gas futures are supported at ₹270, with potential for recovery towards ₹286 or decline to ₹257.

Zomato bans analogue dishes on its platform, to delist non-compliant restaurant partners

Zomato bans analogue dishes on its platform, to delist non-compliant restaurant partners

Food delivery aggregator Zomato on Monday announced a zero-tolerance policy on the sale of analogue dishes including analogue cheese, paneer or other dairy products by restaurants listed on its platform, saying it reserves the right to delist non-compliant restaurants.

Tata Power Renewable Energy commissions 100 MW solar project in Kayathar, Tamil Nadu

Tata Power Renewable Energy commissions 100 MW solar project in Kayathar, Tamil Nadu

Tata Power Renewable Energy Limited (TPREL), the renewable energy subsidiary of The Tata Power Company, has successfully commissioned its 100 Mega Watt(MW) Group Captive Solar Project (TNGC-2) at Vellalankottai and Nalandhula villages in Kayathar, Tamil Nadu.

Silver futures decline to ₹2.40 lakh/kg

Silver futures decline to ₹2.40 lakh/kg

Silver prices on Monday fell by Rs 1,955 to Rs 2,40,489 per kilogram in futures trade as participants reduced their bets.

Bank of Baroda announces major recruitment initiative

Bank of Baroda, one of India’s leading public sector banks, has announced a major recruitment initiative to appoint 2,482 Local Bank Officers (in Grade JMG/S-I) on a regular basis across 20 States and Union Territories. The recruitment drive is aimed at creating meaningful career opportunities for young banking professionals, strengthening the Bank’s local talent pool and enhancing its ability to serve customers and support economic activity at the grassroots level.

The recruitment initiative covers several states, including Gujarat, Karnataka, Maharashtra, Tamil Nadu and Odisha, among others. A key feature of the recruitment is that selected officers will be posted in the State for which they have applied for the first 12 years of their service or until their promotion to SMGS-IV Grade, whichever is earlier. This state-based deployment will enable Bank of Baroda to build a workforce with strong local language proficiency, cultural understanding and knowledge of local markets, helping deepen customer relationships, strengthen service delivery and support the banking needs of customers across the respective regions.

Balaxi Pharmaceuticals receives WHO-GMP Certification for unit

The pharmaceutical formulation manufacturing facility is located at Jadcherla, Hyderabad, Telangana.

Balaxi Pharmaceuticals shares flat at Rs 22.51 on the NSE.

AXISCADES Technologies rise 2% to ₹1,629 on the NSE, company to acquire 90% stake in Cloud Wave Technologies for ₹234 cr

Oil India trades flat at ₹483.20 on NSE

Its arm Oil Green Energy signed MoU with Haryana government for four integrated waste-to-cleanenergy projects

Purple Style Labs IPO booked 0.07 times at 12.51 pm on Day 1 of bidding. QIBs: NIL; NIIs: 0.03 times; Retail: 0.34 times

Gold futures decline to ₹1,54,236/10gm

Gold futures decline to ₹1,54,236/10gm

Gold futures fall to ₹1,54,236/10gm amid weakened spot demand, dropping by ₹2,045 in trade.

Kross Ltd board approves fundraise

Kross Ltd’s board approved the raising of funds through the issuance of fully paid-up equity shares of the Company, aggregating to Rs. 31.80 crore; and approved issuance of Convertible Warrants aggregating to Rs. 31.80 crore on a preferential basis.

Shares traded flat at Rs 214.26 on the NSE.

TARIL wins first nuclear power order for Kaiga project

Transformers and Rectifiers (India) Ltd (TARIL) has secured a large order for the supply of generator transformers for the Nuclear Power Corporation of India Ltd’s (NPCIL) Kaiga Units 5 & 6 nuclear power project in Karnataka. The order marks TARIL’s first order in the nuclear power sector, adding a new and strategically important segment to the company’s growing portfolio of critical power infrastructure projects. The order has been received from Megha Engineering and Infrastructures Ltd (MEIL).

Shares surged over 3% to ₹313.35 on the NSE.

Sterlite Technologies hit fresh 52-week high of Rs 757.70 on the NSE before trading at Rs 738.50 (+2.04%) on the NSE following a long-term contract worth USD 288 mn with leading hyperscaler

Top losers of Nifty Metal index: Hindustan Zinc (-4.42%), NALCO (-3.68%), Vedanta (-3.46%), Tata Steel (-2.31%), Hindalco (-1.90%)

Zee Entertainment shares traded 8% lower at Rs 93.60 on the NSE, hitting a low of Rs 86.90, down for the fourth trading session.

MapmyIndia Mappls partners with ClarityX to launch Geo-FI India s First Comprehensive Geo-Intelligence Stack for Lending. C E Info Systems up 1% to Rs 978.10 on the NSE.

Two-wheelers grow 18-20%, trucks 14-16% in August amid festive demand as tractors lose momentum

Two-wheelers grow 18-20%, trucks 14-16% in August amid festive demand as tractors lose momentum

M&M, Ashok Leyland, TVS Motor and Bajaj Auto are among the manufacturers seeing robust August volume growth, according to YES Securities report

Nifty 50 top gainers and losers

Top gainers of Nifty 50: Bajaj Auto (+0.69%), ICICI Bank (+0.58%), Grasim (+0.44%), ONGC (+0.37%), Bharti Airtel (+0.35%).

Top losers: Adani Enterprises (-2.29%), Tata Steel (-2.25%), Hindalco (-2.11%), Wipro (-2.10%), Infosys (-1.96%).

Colin Shah, MD, Kama Jewelry, on the gold price correction and near-term outlook:

“The week kicked off with gold under pressure, witnessing a sharp correction of nearly 2% on the MCX, influenced by aggressive profit-taking and soft global cues. While short-term technical selling is dominating the current price trajectory, this pullback can actually be treated as a healthy consolidation rather than a structural downturn.

Domestically, this correction in prices serves as a timely catalyst as the festive season has already started and the wedding buying season is fast approaching too. This dip will serve as a lucrative opportunity for consumers, enabling them to make the most of the moment given the volatility in price momentum. For retailers too, this serves as an attractive entry point to accelerate inventory restocking.

Internationally, the ease in bullion rates comes as a marginal relief for manufacturers, coupled with lower input costs that enhance price competitiveness in key overseas corridors like the US and the GCC, giving the much-needed boost for steady pre-holiday order fulfilment. Overall, it remains vital to remain watchful of the headwinds and make real-time decisions at both a customer and business level.”

Vintage Coffee adds roasted and ground coffee segment

Vintage Coffee and Beverage has now added one more product segment, Roasted & Ground (R&G) coffee, to its basket, focusing on the R&G segment particularly in the US and Europe.

Shares surged 3% to ₹183.50 on the NSE.

Karur Vysya Bank Opens 16 New Branches in a Single Day. Shares up 1% to Rs 349.35 on the NSE.

Indian govt bonds drop on Fed rate hike bets, benchmark trades at discount

Indian govt bonds drop on Fed rate hike bets, benchmark trades at discount

Indian government bonds decline as Fed rate hike expectations rise and oil prices exceed $90 per barrel.

Insta live: Subhash Chandra claims dues as personal guarantor resolved in insolvency case

Insta live: Subhash Chandra claims dues as personal guarantor resolved in insolvency case

Drawing a difference between borrowers and guarantors, Chandra said he has not borrowed any money himself.

HSBC MF’s RedHex fund crosses ₹1,000 crore AUM in two months

HSBC Mutual Fund’s RedHex Hybrid Long-Short Fund, a Specialised Investment Fund (SIF) strategy, has crossed the ₹1,000 crore AUM* within just two months of its listing.

The fund has garnered strong investor interest, with around 1,950 unique folios* participating in the strategy, reflecting growing demand for differentiated investment solutions that offer greater portfolio flexibility and diversification. Launched in June 2026, RedHex combines investments across various asset classes, including fixed income, equity arbitrage, REITs and InvITs to pursue risk-adjusted returns across market cycles.

Groww AMC closes State Street strategic investment

Groww Asset Management Ltd today announced the closure of the strategic investment of State Street Investment Management in Groww AMC, the asset management company subsidiary of Groww Asset Management Ltd, following receipt of all necessary regulatory approvals. The partnership, first announced in January 2026, gives State Street Investment Management a 4.85% voting and 23% economic interest in Groww AMC.

The completed transaction brings together one of India’s fastest-growing investment platforms with one of the world’s largest asset managers. For Groww AMC, the partnership adds global, market-tested expertise across indexing, ETFs, systematic investing, macroeconomic analysis and portfolio construction. For State Street Investment Management, the partnership provides access through Groww AMC to India’s expanding wealth market.

With the transaction now complete, Groww AMC and State Street Investment Management intend to deepen their collaboration across product development, distribution and global market access. The partnership is expected to support Groww AMC’s evolution into a broader asset management platform, with access to State Street Investment Management’s expertise, particularly in ETFs and systematic investment strategies.

Allcargo Terminals appoints Pranav Choudhary as MD

Allcargo Terminals Ltd (ATL), an Allcargo Group company and a leading operator in India’s largest CFS-ICD network, has appointed Pranav Choudhary as Managing Director with effect from 1 September 2026. Suresh Kumar Ramiah concludes his tenure as Managing Director on 31 August 2026, upon superannuation.

Global Education receives ₹1.90 crore order for display panels

Global Education has received a confirmed purchase order from 3C IT Solutions & Telecoms (India) Ltd, Pune, Maharashtra, for the supply of interactive digital display panels. The order is valued at ₹1.90 crore.

Perspective by Mr. Colin Shah, MD, Kama Jewelry, on gold price correction and near-term outlook

“The week kicked off with gold under pressure, witnessing a sharp correction of nearly 2% on the MCX, influenced by aggressive profit-taking and soft global cues. While short-term technical selling is dominating the current price trajectory, this pullback can be actually treated as a healthy consolidation rather than a structural downturn. 

Domestically, this correction in prices serves as a timely catalyst as the festive season has already started and the wedding buying season is fast approaching too. This dip will serve as a lucrative opportunity for consumers, enabling them to make the most of the moment given the volatility in price momentum. For retailers too, this serves as an attractive entry point to accelerate inventory restocking.

Internationally, the ease in bullion rates comes as a marginal relief for manufacturers, coupled with lower input costs that enhance price competitiveness in key overseas corridors like the US and GCC, giving the much-needed boost for a steady pre-holiday order fulfilment. Overall, it remains vital to remain watchful of the headwinds and make real-time decisions at both a customer and business level.”

HEC Infra Projects bagged work order foR s 12.78 crore. Shares flat at Rs 119.23 on the NSE.

Coforge Unveils AI Adoption Fabric for Outcome Acceleration. Shares traded at Rs 1980.90 on the NSE, down 1.67%.

Ather Energy shares hit a fresh 52-week high of ₹1,679 on the NSE before trading at ₹1,658.50 (+2.6%) at 11.35 am following the launch of a new EV charging solution

Park Medi World board approves Prayagraj subsidiary

Park Medi World board approved the incorporation of a wholly owned subsidiary of the company as a special purpose vehicle under the name and style of Park Medicity Prayagraj Ltd or Park Hospital Prayagraj Ltd, or such other name as may be approved by the Ministry of Corporate Affairs.

Shares flat at ₹288.65 on the NSE.

Augmont Enterprises stock debuts at 22% premium, surges 29% before paring gains

Augmont Enterprises shares debut at 22% premium, surge 29% before paring gains

Augmont Enterprises stock debuts at a 22% premium, surges 29%, prompting cautious investor outlook on future gains.

Top Losers on the NSE

(Source: NSE website)

NSE Top gainers at 11:28 am

(Source: NSE website)

Zydus announces positive topline results from EVIDENCES-X trial

Zydus announces positive topline results from the completed EVIDENCES-X Phase II(b) clinical trial of Saroglitazar Mg in MASH.

Shares traded at ₹1,168.50 on the NSE, down 2%.

Tata EV bookings triple, production constraints cap growth

Tata EV bookings triple, production constraints cap growth; festive quarter outlook strong. Management expects demand for electric CVs to remain strong

TMPV shares were down 1% to Rs 315.10.

TMCV traded flat at Rs 464.55 on the NSE.

PV Krishna Reddy, MD of Megha Engineering, taps $700-million private credit for Megha buyout

PV Krishna Reddy, MD of Megha Engineering, taps $700-million private credit for Megha buyout

PV Krishna Reddy seeks $700 million in private credit to buy out his uncle’s stake in Megha Engineering, marking a major deal.

Aurobindo’s arm, Lannett company, launches generic version of Advair Diskus in US

Aurobindo’s arm, Lannett company, launches generic version of Advair Diskus in US

Aurobindo’s Lannett Company launches generic Advair Diskus in the US for asthma and COPD treatment, expanding its inhalation product portfolio.

Share sales in focus: Firms rush to raise funds amid improving market sentiment

Share sales in focus: Firms rush to raise funds amid improving market sentiment

Indian companies are rapidly increasing share sales, aiming to raise over $20 billion amid strong investor demand and favorable market conditions.

Varun Beverages: KIVA Spirits and Company Limited, a wholly owned subsidiary has been incorporated. Shares flat at ₹411 on the NSE.

Nifty Prediction Today – August 31, 2026: Nifty futures: Slips below a support

Nifty Prediction Today – August 31, 2026: Nifty futures: Slips below a support

Nifty futures (Sep) might extend the fall to 24,000

Why HDFC Bank shares rose 3% today, leading Nifty 50? CEO Sashidhar Jagdishan exit, succession plans in focus

Why HDFC Bank shares rose 3% today, leading Nifty 50? CEO Sashidhar Jagdishan exit, succession plans in focus

HDFC Bank shares rose 3% after CEO Sashidhar Jagdishan’s exit announcement, with succession plans now under scrutiny.

Lannett Company launches generic Advair Diskus in US

Lannett Company LLC, a wholly owned subsidiary of Aurobindo Pharma USA, Inc., has launched the generic equivalent of Advair Diskus®️ (fluticasone propionate and salmeterol inhalation powder), a product of GSK plc, in 100/50 mcg and 250/50 mcg strengths in the US market.

Aurobindo Pharma shares flat on NSE

Aurobindo Pharma flat at ₹1,652.40 on the NSE.

Sensex, Nifty fall as US-Iran tensions, higher yields weigh on sentiment, HDFC Bank gains

Indian stock market today: Sensex, Nifty fall as US-Iran tensions, higher yields weigh, HDFC Bank lead gains

Indian stock market declines as geopolitical tensions and rising yields affect sentiment; HDFC Bank sees gains amid volatility.

Hero Motocorp: Suresh Kumar P has been appointed as the Chief Digital & Information Officer of Hero MotoCorp Limited w.e.f today.

RBI intervenes to arrest rupee decline amid an oil spike, Fed rate worries, traders say

RBI intervenes to arrest rupee decline amid an oil spike, Fed rate worries, traders say

RBI steps in to support the rupee amid rising oil prices and concerns over a potential Fed rate hike.

Crude oil futures gain after US forces attack Iranian island

Crude oil futures gain after US forces attack Iranian island

Crude oil futures rise as US forces target Iranian threats in the Strait of Hormuz, impacting global energy markets.

New stock closing auction faces first major test in MSCI rejig

New stock closing auction faces first major test in MSCI rejig

India’s equity markets brace for volatility as MSCI rebalancing tests new closing auction system on September 1.

Gold today: Prices drop to near two-week low on Fed chief’s hawkish stance

Gold today: Prices drop to near two-week low on Fed chief’s hawkish stance

Gold prices hit a near two-week low amid Fed Chair’s hawkish comments on potential interest rate hikes to combat inflation.

Crude oil futures trade higher on Monday morning

Crude oil futures traded higher on Monday morning after US forces attacked an Iranian island in the Strait of Hormuz. At 9.33 am on Monday, December Brent oil futures were at $90.18, up by 4.71 per cent, and October crude oil futures on WTI (West Texas Intermediate) were at $85.09, up by 2.03 per cent. September crude oil futures were trading at ₹8125 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹7984, up by 1.77 per cent, and October futures were trading at ₹7984 against the previous close of ₹7847, up by 1.75 per cent.

Top gainers and losers of Nifty 50

Top gainers of Nifty 50: HDFC BANK (+1.71%), Eternal (+1.13%), ONGC (+0.95%), Bajaj Auto (+0.50%), ICICI Bank (+0.18%)

Top losers: Hindalco (-2.63%), Infosys (-2.22%), Adani Enterprises (-2.12%), Tata Steel (-2.01%)

Sensex falls 328.22 pts or 0.42% to 76,936.29 after opening lower at 77,130.73 from the previous close of 77,264.51; Nifty 50 down 113.55 pts or 0.47% to 24,062.10

LINC Ltd unveils retail outlet-cum-product experience centre under the brand “Stackoo” in Mumbai

SEAMEC II’s contract with ONGC completed with effect from 30th August, 2026

Thirumalai Chemicals approves sale of equity shares up to 14,60,000 held in Ultramarine & Pigments Limited

Piramal Finance announces Rs. 3,850 crore Capital Raise, Backed by Strong QIP Participation and Promoter Warrants.

Quote: Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd 

Gold prices fell nearly 3% on Friday, marking their sharpest decline in weeks, as a stronger U.S. dollar and rising Treasury yields weighed on bullion after Fed chair Warsh’s first Jackson Hole speech was interpreted as hawkish by markets. Governor Warsh reiterated that underlying inflation has not “meaningfully improved” and stressed that restoring price stability remains the Fed’s primary objective, leading traders to significantly increase expectations of a September rate hike. 

According to CME FedWatch, the probability of a 25 bps hike in September jumped to around 57% from nearly 35% a day earlier. The repricing pushed U.S. Treasury yields higher, with 10Y yield climbing toward 4.7%, while the dollar posted its strongest weekly gain in several weeks. 

Higher yields and a stronger dollar typically pressure bullion. Despite the sharp correction, gold’s broader support from the “debasement trade” remains intact, with investors continuing to monitor concerns over U.S. fiscal deficits, rising government debt and Treasury market intervention. Geopolitical tensions also remain elevated after reports of Iranian attacks on U.S. forces in Jordan raised fears of further escalation in the Middle East. 

Market attention now shifts to upcoming U.S. labor market and inflation data, along with key economic releases from major economies, which will be crucial in shaping expectations for the Fed’s next policy move and the near-term outlook for gold.

Gift Nifty trades in red with 49 pts drop to 24,225.50 at 8:57 am

Oil Gains as US Hits Hormuz Targets and Threatens More Sanctions

Oil gained as fresh fighting flared up in the Middle East, and the US signaled increased economic pressure against Iran’s trading partners.

Brent for November rose above $90 a barrel, while West Texas Intermediate was near $85. The US struck Iranian rocket launchers preparing to send mines into the Strait of Hormuz, according to Central Command. Jordan’s army intercepted eight missiles after Tehran’s military said it had attacked targets linked to American forces in the kingdom, Agence France-Presse said.

Treasury Scott Bessent said Washington was likely to unveil new secondary sanctions on Iran on a weekly basis, “starting with the banks,” according to an interview with Reuters at the weekend. The next step may involve cutting off an institution entirely from the dollar-based financial system, Bessent said. (Bloomberg)

India boosts efforts to drain surplus cash as dollar flows swell

India boosts efforts to drain surplus cash as dollar flows swell

The latest move marks a shift towards larger and longer-tenor operations as the RBI seeks to absorb liquidity generated by its measures to attract foreign inflows to shore up the rupee

Rupee under pressure from Fed, oil; bonds at risk of further selloff

Rupee under pressure from Fed, oil; bonds at risk of further selloff

The rupee enters the week facing a more challenging external backdrop, with markets reassessing the prospect of a Federal Reserve rate hike as soon as next month

MSCI rebalance to test India’s new closing auction as $4 billion in flows hit CAS

MSCI rebalance to test India’s new closing auction as $4 billion in flows hit CAS

Expected passive-fund turnover is nearly 30 times typical auction volumes, raising liquidity and volatility concerns

Japan’s Nikkei slides nearly 2% following hawkish Fed comments

Japan’s Nikkei share gauge fell nearly 2% on Monday on rising expectations for central ‌bank rate hikes to tame inflation.

The benchmark Nikkei 225 fell 1.97% ⁠to 65,096.63 in early trading. The broader Topix slipped 0.84% to 4,111.71.

Wall Street’s main indexes ‌ended lower last week after Federal Reserve Chair Kevin Warsh reiterated ‌the central bank’s focus on fighting ‌inflation, ⁠increasing prospects for an interest rate ⁠hike.

Markets have priced in a near certainty that the Bank of Japan will raise rates at its meeting ‌next month. Yields on Japanese government bonds rose to fresh multi-decade highs on Monday. (Reuters)

Australian shares flat as gold miners’ losses offset gains in banks

Australian equities were flat on Monday, as gains in banks were offset by sharp losses in gold stocks, which slid after U.S. ‌Federal Reserve Chair Kevin Warsh’s hawkish comments fuelled U.S. rate-hike hopes and dented demand ⁠for the non-yielding metal. (Reuters)

South Korean shares track regional losses after Warsh’s hawkish remarks

South ‌Korean shares fell on Monday in line with regional markets after U.S. Federal Reserve ⁠Chair Kevin Warsh made hawkish comments that reinforced expectations the central bank could hike interest rates next month. (Reuters)

Asian Stocks Drop on Hawkish Warsh Tone

Asian stocks dropped and the dollar held its gains after hawkish comments from Federal Reserve Chair Kevin Warsh strengthened bets on an interest-rate hike next month. Oil climbed as Middle East tensions intensified.

The dollar traded in a narrow range against major peers after posting its biggest gain in about a month on Friday following Warsh’s remarks.

Elsewhere, Brent crude climbed 1.4% to $89.30 a barrel after the US military on Sunday struck Iranian rocket launchers that were preparing to send mines into the Strait of Hormuz, ending weeks of relative calm. 

The moves showed a cautious start to the week after Warsh vowed in his Jackson Hole speech on Friday to bring inflation back to target, prompting traders to lift the probability of a September rate hike to 60%. Adding to the pressure, escalating Middle East tensions drove oil higher, raising the risk of another bout of price pressures. (Bloomberg)

Today’s Stock Recommendation: August 31, 2026

Nifty & Bank Nifty இந்த வாரம் (31 Aug’26 to 04 Sep’26) என்ன ஆகும்? எங்கு செல்லும்?

Nifty and Nifty Bank Prediction for the week 31 Aug’26 to 04 Sep’26 by BL GURU

Stock to buy today: Emcure Pharmaceuticals (₹1,871.25)

Stock to buy today: Emcure Pharmaceuticals (₹1,871.25)

Explore Emcure Pharmaceuticals stock: Buy at ₹1,871, with potential growth to ₹2,100 and key support levels to watch.