Stock Market Today Highlights, Aug 28: Markets end 2-day losing streak boosted by IT firms; Sensex jumps 331 pts, Nifty up 85 pts

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KP Green Engineering bags new orders worth ₹258 cr

KP Green Engineering bags new orders worth ₹258 cr

KP Green Engineering secures new orders worth ₹258 crore, enhancing its growth momentum across multiple sectors.

ABD Maestro eyes ₹200 crore revenue next FY as premiumisation bets pay off

ABD Maestro eyes ₹200 crore revenue next FY as premiumisation bets pay off

ABD Maestro aims for ₹200 crore revenue in FY28, driven by premium spirits and evolving consumer trends.

Rupee gains this week as dollar supply surges ahead of deposit window’s close

Rupee gains this week as dollar supply surges ahead of deposit window’s close

Market participants seek greater clarity from Federal Reserve on its stance towards persistent inflation, policy approach to tackling it, and whether it can soothe concerns amid recent bond-market turbulence

Fino Payments Bank on course to submit its readiness to RBI on transitioning to a SFB by Q4FY27, says Interim CEO

Fino Payments Bank on course to submit its readiness to RBI on transitioning to a SFB by Q4FY27, says Interim CEO

Fino Payments Bank aims to meet RBI requirements for Small Finance Bank transition by Q4 FY27, says Interim CEO.

Karnataka Bank launches Capital Gains Account Scheme

Karnataka Bank launches the Capital Gains Account Scheme (GAS)

Karnataka Bank introduces the Capital Gains Account Scheme for taxpayers to efficiently manage unutilised capital gains and reinvestment.

Sensex and Nifty close higher, aided by IT stocks

Benchmarks closed higher, aided by a rally in IT stocks on Friday. Sensex settled 330.92 points or 0.43% higher at 77,264.51, and Nifty 50 gained 84.80 points or 0.35% to 24,175.65.

USFDA inspection at Aurobindo Pharma unit concludes with three observations

Aurobindo Pharma’s USFDA inspection at Unit-VI of Apitoria Pharma Pvt Ltd, a wholly owned subsidiary of the company, concluded with three observations, which are procedural in nature.

Prestige launches Prestige Palm Court in Madhavaram, North Chennai

Jubilant Generics receives show-cause notice demanding over ₹105 cr

Jubilant Pharmova Ltd on Friday said its arm, Jubilant Generics Ltd, has received a show-cause notice from the Uttarakhand GST authority demanding ₹105.5 crore, including a penalty over availment of tax refund.

Jubilant Generics receives show-cause notice demanding over ₹105 cr

Jubilant Generics faces a ₹105.5 crore show-cause notice from GST authorities over alleged tax refund violations, plans to contest.

Gayatri Highways informed about completion of acquisition of 23.00% of Equity Share Capital in HKR Roadways Limited

KPI Green Energy expands IPP portfolio to 2.57 GWp

KPI Green Energy’s total IPP portfolio has reached 2.57 GWp, comprising approximately 1.16 GWp already energized with the balance ~1.41 GWp under active execution.

Shares flat at Rs 314.10 on the NSE.

SEBI plans bigger institutional role in public offers by small firms, sources say

India’s markets regulator is considering applying some rules designed for large companies to public offers by smaller businesses, including a quota for institutional investors ahead of ⁠share sales, two sources with direct knowledge of the matter said.\

SEBI plans bigger institutional role in public offers by small firms, sources say

SEBI plans to enhance institutional participation in small firm IPOs, aligning them with larger company regulations for better governance.

Monarch PMS expects gold to hit $4,700 an ounce by year end

Monarch PMS expects gold prices to trade between $4,300-$4,700 an ounce and silver at $70-$85/ounce by end-2026 as its base case, with a 55 per cent probability.

Monarch PMS expects gold to hit $4,700 an ounce by year end

Monarch PMS predicts gold prices could reach $4,700 an ounce by year-end, influenced by Fed policies and market conditions.

Top gainers and losers of Nifty 50

Top gainers

TCS (+3.93%), Tech Mahindra (+2.78%), Wipro (+2.61%), Infosys (+2.35%), HCL Tech (+2.06%)

Top losers:

Asian Paints (-1.64%), Shriram Finance (-1.55%), ITC (-1.45%), ICICI Bank (-1.39%), SBI Life (-1.38%)

Sensex traded 179.12 pts or 0.23% positive at 77,112.71 at around 3 pm, and Nifty 50 was up 23.25 pts or 0.10% to 24,114.10.

Annu Projects IPO subscribed 2.23 times on closing day, NIIs lead demand

Annu Projects IPO was subscribed 2.23 times by 2.24 pm on Friday, led by demand from non-institutional investors. The NII portion was subscribed 2.55 times, followed by the retail portion at 2.09 times and the QIB quota at 1.64 times.

Annu Projects IPO Day 4: subscribed 2.23 times, NIIs lead demand

Annu Projects IPO was subscribed 2.23 times by 2.24 pm on Friday, led by demand from non-institutional investors. The NII portion was subscribed 2.55 times, followed by the retail portion at 2.09 times and the QIB quota at 1.64 times.

Kabra ExtrusionTechnik to launch high voltage battery packs in 2026

Kabra ExtrusionTechnik Limited under its brand name GEON is set to commence production of high voltage Battery Packs for Four-Wheeler Passenger cars at its Pune manufacturing facility in the month of September 2026. The commencement of production marks an important milestone in the Company’s efforts to expand its product portfolio in the new energy space and strengthen its presence in the growing electric mobility and energy storage segment.

Solara Pharma’s tax demand dropped following rectification order

Solara Active Pharma Sciences said it received a rectification order under Section 154 read with Section 147 of the Income Tax Act, 1961, from the Assistant Commissioner of Income Tax, Central Circle 3, Thane. The order rectifies the error in the tax computation and consequently drops the tax demand. The company had earlier filed an application seeking rectification, stating that the demand had been incorrectly computed by the Income Tax Department.

Shares traded 3% higher at Rs 628.45 on the NSE.

Happiest Minds denies stake sale reports

Happiest Minds clarified that there is no information related to the reported stake sale (by ITC Infotech) that requires disclosure under Regulation 30 of the SEBI Listing Regulations. The company said it continues to explore strategic opportunities in the interest of stakeholders and has promptly disclosed all information requiring stock exchange notification.

Praveen Singh, Head of Commodities at Mirae Asset ShareKhan

Gold: Jackson Hole in focus

Spot gold is currently trading with a gain of $1 at $4602 as it managed to bounce off the yesterday’s low at $4565. 

Yesterday’s US data showed that the US merchandise-trade deficit widened in July from $101.40 billion to $118.80 billion (forecast $100.50 billion) — the largest since early last year. US jobless claims fell from 207K to 203K Vs the estimate of 208K, while continuing claims fell to 1778K from 1796K. 

Today is a crucial day for financial markets as the Fed Chair Warsh will deliver his speech at Jackson Hole Symposium being held in Kansas City. He needs to assuage inflationary concerns amid elevated yields as market interventions are becoming more frequ…

DRI searches Waaree Energies plant over Anti-Dumping Duty compliance

Waaree Energies: Directorate of Revenue Intelligence (“DRI”) conducted a search at the manufacturing plant of Sangam Solar One Private Limited, a wholly owned subsidiary of the Company, situated at Survey No 175, 176, 181 and 84, Village Unn, Near Uday Palace , Navsari, Gujarat.

The search related to the classification of certain stainless-steel pipes and tubes imported under the EPCG Scheme and the consequent applicability of Anti-Dumping Duty (”ADD”) thereon. The Company has, already deposited the ADD amount of Rs 2.33 lakh crore

Shipwaves Online secures $55,800 order from TATA UK for digital tracking platform

Shipwaves Online has received a purchase order worth of USD 55,800 (equivalent to Rs. 53,30,016 approx.) from TATA UK Limited for providing centralized digital platform for tracking and monitoring ocean, air, breakbulk and courier shipments across its global supply chain and project logistics operations.

ESL Steel gets Rs 6.73 crore GST demand notice from Ranchi tax authorities

ESL Steel Limited (“ESL”), a subsidiary of Vedanta Iron And Steel Limited (“VISL”), has received a Demand-cum-Show Cause Notice from the Office of the Principal Commissioner, Central Goods and Services Tax & Central Excise, RanchI.

As per the said notice, the amount under dispute stands reduced to approximately Rs.6.73 crore – from the amount Rs. 51.23 crore.

Indian Bank eyes Rs 1,000-1,500 crore treasury income in FY27

Public sector lender Indian Bank is looking to mobilise treasury income of Rs 1,000-1,500 crore in the current financial year, following better-than-expected first-quarter realisation.

During the first quarter, the bank anticipated an overall treasury income of Rs 300 crore, but actually earned Rs 500 crore, much better than expected, Indian Bank MD and CEO Binod Kumar told PTI in an interaction.

Overall, he said, “We anticipate treasury income between Rs 1,000 crore and Rs 1,500 crore during the current financial year”. – PTI

Gold holds steady as Fed chief Warsh’s Jackson Hole speech looms

Gold holds steady as Fed chief Warsh’s Jackson Hole speech looms

Gold remains stable at $4,603.91 as traders await Fed Chair Warsh’s Jackson Hole speech amid inflation concerns.

Top-Rated Indian Firms Tap Longer Bonds as Rate-Hike Bets Grow

Some of India’s top-rated companies can now borrow more cheaply for a decade than for three years.

State-backed Power Finance Corp. pulled a planned shorter-tenor bond sale earlier this week but priced a 15-year issuance. On Thursday, its unit REC Ltd. withdrew a planned two-year note sale while going ahead with debt maturing in about a decade. Bajaj Finance Ltd., India’s largest shadow lender, also raised 50 billion rupees ($523 million) through 10-year debt.

The reason for the rare reversal lies largely in expectations about the Reserve Bank of India. Until recently, government-debt investors had expected the central bank to keep interest rates on hold for a prolonged period. That view has started to unravel after the RBI unexpectedly ended an overseas deposits facility early, adding to liquidity concerns, while its latest policy minutes raised the possibility of a rate increase.

The impact is showing up in India’s $644 billion corporate bond market. Yields on top-rated 10-year debt sold by state-run firms and banks fell below those on three-year paper this week, inverting that part of the curve for the first time in more than a month. The gap, which had widened to 32 basis points, dipped below zero this week. (Bloomberg)

Waaree Renewable Technologies secures LOA for 291 MWp solar project with 280 MWh BESS; shares flat

Waaree Renewable Technologies has received Letter of Award (LOA) for execution of Engineering, Procurement and Construction (EPC) works for ground-mounted Solar PV project of 291 MWp and 280 MWh Battery Energy Storage System (BESS).

Shares flat at Rs 881.80 on the NSE.

ACME Solar Holdings secures SECI award for 300 MW capacity; shares rise 2%

ACME Solar Holdings Limited has received a Letter of Award (“LOA”) from Solar Energy Corporation of India Limited (“SECI”) for 300 MW contracted capacity, secured under SECI’s 6,000 MWh (1,500 MW × 4 Hours) Assured Peak Power Tender (FDRE-IX).

Shares rose 2% to Rs 393.65 on the NSE.

Karnataka Bank launches Capital Gains Accounts Scheme to aid tax planning; shares flat

Karnataka Bank Launches Capital Gains Accounts Scheme to Facilitate Efficient Tax Planning

Shares flat at Rs 325.35 on the NSE.

Alpha Wave Global exits Aye Finance with ₹322-crore block deal

Alpha Wave Global exits Aye Finance with ₹322-crore block deal

Alpha Wave Global has exited from Aye Finance, by divesting its entire 7.78 per cent stake in the micro-enterprise lender for ₹322 crore through a series of block deals on the BSE.

Texmaco Rail shares inch up to ₹109.38 on pact with Germany’s Bochumer Verein

Texmaco Rail shares inched up to Rs 109.38 on the NSE upon signing a pact with Germany’s Bochumer Verein for railway wheels, wheelsets and axles

IT stocks power markets; Sensex up 165 points at noon as investors await Warsh speech

IT stocks power markets; Sensex up 165 points at noon as investors await Warsh speech

IT stocks drive modest market gains; Sensex rises 165 points as investors await Warsh’s Jackson Hole speech.

Univastu India approves allotment of 18.39 lakh warrants at ₹87 each on preferential basis

Univastu India’s board approved the allotment of 18,39,339 fully convertible warrants on a preferential basis at ₹87 per warrant to specified investors. The company received ₹4,00,05,623.25, representing 25 per cent of the issue price per warrant. Each warrant is convertible into one fully paid-up equity share of face value ₹10, subject to payment of the balance 75 per cent consideration at the time of conversion.

Top gainers, losers of Nifty Midcap 100 stocks

Top gainers of Nifty Midcap 100: Coforge (+4.81%), CONCOR (+4.39%), Peristent Systems (+3.78%), KPIT Tech (+2.76%)

Top losers: Groww (-2.79%), BDL (-2.40%), ICICGI (-2.25%), NHPC (-2.13%)

Dr Agarwal Eye Hospital shares rise 1% after launch of PPP Centre in Chennai

Dr Agarwal Eye Hospital shares up 1% to Rs 5230 on the NSE following the launch of PPP (Pinhole Pupilloplasty) Centre in Chennai

Ola Electric unveils new S1Z scooter range, bringing its indigenous cell tech to mass market

Ola Electric unveils new S1Z scooter range, bringing its made-in-India cell tech to mass market

Ola Electric launches the S1Z scooter range, featuring indigenous technology and affordable pricing, enhancing India’s EV market accessibility.

ICICI Bank shares slide 1.32% amid $1 billion bond issuance and employee stock allotment

ICICI Bank shares slide 1.32% amid $1 billion bond issuance and employee stock allotment

Shares of ICICI Bank Limited fell 1.32 per cent on the National Stock Exchange on Friday, trading at ₹1,424 as of 12.06 PM, down ₹19 from the previous close of ₹1,443.

OmniScience Capital sees India becoming a $5.1 trillion economy by FY29

Nominal GDP growth at 9% in US Dollar terms until FY29 could take Indian economy to $5.9 trillion; cleanest banking sector balance sheets in two decades augur well for India’s growth journey. 

India’s journey towards a $5 trillion economy has been delayed by a combination of Covid-19, the legacy twin balance-sheet problem and sharp currency depreciation, but the underlying growth trajectory remains intact, according to an analysis by Omniscience Capital.

When the government set the $5 trillion target in FY19, India’s GDP stood at $2.7 trillion. Achieving the target by FY25 implied nominal GDP growth (measured in US Dollar terms) of 10.2% annually. However, GDP reached $3.8 trillion in FY25, representing a nominal CAGR of 5.7% from 2019. It rose further to $4.1 trillion in FY26, taking the CAGR to 5.4%.

Cipla, Kemwell Biopharma sign JV for biosimilars; Cipla shares flat on NSE

Cipla traded flat at Rs 1409.50 on the NSE. The company and Kemwell Biopharma Private Limited have announced execution of a joint venture agreement to develop, manufacture and commercialise biosimilars for global markets.

Wipro shares were up 2% to Rs 179.83 on the NSE. It had expanded its partnership with Google Cloud

Top gainers, losers of Nifty 50 at noon

Top gainers of Nifty 50: TCS (+3.67%), HCL Tech (+2.72%), Tech Mahindra (+2.42%), Infosys (+2.41%), Wipro (+1.98%)

Top losers: UltraTech (-1.40%), Asian Paints (-1.30%), SBI Life (-1.27%), ICICI Bank (-1.27%), Tata Steel (-1.11%)

Sensex up, Nifty dips as benchmarks come off day’s high

Benchmarks off the day’s high. Sensex traded with 67.01 pts or 0.09% gain at 77,000.60 at around 12 noon, and Nifty 50 dipped 7.15 pts or 0.03% to 24,083.70.

Tejas Networks jumps 10% on TCS order for RAN equipment

Tejas Networks rallied 10% to Rs 560.50 on the NSE on receipt of an order from Tata Consultancy Services (TCS) for supply of RAN equipment, accessories and installation materials.

NBCC trades flat after securing ₹134 crore work orders

NBCC (India) traded flat at Rs 87.90 on the NSE following receipt of new work orders worth approximately ₹134.27 crore.

Raghuram Rajan urges Fed to raise rates, says rupee is not in panic zone

Raghuram Rajan urges Fed to raise rates to contain inflation

Raghuram Rajan says the Fed should raise rates to contain inflation, while noting strong US investment, fiscal deficit and consumer spending are supporting growth.

Ola Electric brings indigenous Bharat Cell LFP technology to the mass market with the all-new S1Z

Indian government bonds: 10-yr yield at more than two-month peak on supply, Warsh speech

Indian government bonds: 10-yr yield at more than two-month peak on supply, Warsh speech

India’s 10-year bond yield rises to a two-month high amid supply concerns and anticipation of Fed Chair Warsh’s speech.

Gold inches lower ahead of US Fed’s speech: Manav Modi, Commodities Analyst, Motilal Oswal Financial services Ltd 

Gold prices inched lower, as investors remained cautious ahead of Federal Reserve Chair Kevin Warsh’s closely watched Jackson Hole speech, while balancing concerns over persistent inflation, elevated bond yields and ongoing geopolitical tensions. On domestic front, rumors regarding customs duty cut amidst rising smuggling activity weighed on domestic prices and increasing disparity with international bourses. 

Markets continued to digest July’s inflation data, which showed core PCE, the Fed’s preferred inflation gauge, rising 0.2% MoM and 3.3% YoY, in line with expectations but still well above the central bank’s 2% target. 

Headline PCE also came in slightly firmer than anticipated, while second-quarter U.S. GDP growth was confirmed at 1.5%, reinforcing the view of a resilient economy facing sticky inflation pressures. The data supported expectations that the Federal Reserve is likely to keep rates unchanged in September, although further policy tightening cannot be ruled out if inflation remains elevated. Investors are now focused on Warsh’s Jackson Hole address for clearer guidance on the inflation outlook and future policy direction. 

Geopolitical risks also persist, with the U.S. signaling no immediate return to negotiations with Iran and instead intensifying economic pressure through fresh sanctions, keeping uncertainty around the Middle East and the Strait of Hormuz firmly in focus.

Commodity Update — 28 Aug 2026: Gaurav Garg, Head – Research, Lemonn

• Gold $4,580.19/oz ≈ ₹1,40,600/10g 🔴 -0.50%
• Silver $68.79/oz ≈ ₹2,11,200/kg 🔴 -0.60%
• Crude (WTI) $83.31/bbl ≈ ₹7,950/bbl 🔴 -0.30%
• USD/INR: 95.50

Gold and silver edged lower in today’s session as investors remained cautious ahead of Fed Chair Kevin Warsh’s Jackson Hole speech, with markets looking for clarity on the U.S. interest-rate path. Spot gold slipped to around $4,580/oz, while silver eased near $68.8/oz after its recent gains. Meanwhile, WTI crude declined to around $83.3/bbl, with oil heading for a weekly loss as easing concerns around Middle East supply disruptions weighed on prices. On the U.S. macro front, Warsh’s comments are the key near-term catalyst. A hawkish stance, particularly on persistent inflation, could push Treasury yields and the dollar higher, creating further pressure on non-yielding metals. Conversely, a dovish tone could weaken the dollar and yields, supporting gold and silver. For Indian markets, USD/INR near 95.50 and crude prices remain important drivers for MCX metal prices and imported inflation.

Samtel HAL Display Systems inaugurates manufacturing facility at Gurugram

Hindustan Aeronautics traded flat at Rs 4,864.90 on the NSE. Samtel HAL Display Systems Limited (SHDS), a joint venture between HAL and Samtel Avionics, inaugurated a new manufacturing facility at Udyog Vihar, Phase IV, Gurugram, strengthening India’s efforts towards indigenisation in the defence avionics sector.

A Good Investment Strategy Depends on Planning, Balance and Using Every Piece Wisely: WhiteOak Capital MF

Like a skilled chess player, a smart investor must understand how each fund moves and when to deploy it as market conditions change. Just as every chess piece has a distinct role in building a winning strategy, each equity fund category brings a different capability to an investor’s portfolio.

•Protect Your King – Diversify Your Portfolio Just as every piece works to protect the King, different fund categories together can help build a more diversified and resilient portfolio. 

•Unleash Your Queen – Flexi Cap Fund Like the Queen moves freely across the board, Flexi Cap Funds can navigate across large, mid and small caps as opportunities evolve. 

•Anchor with the Rook – Large Cap Fund The Rook brings strength and stability to the board, much like Large Cap Funds can provide a relatively stable core with lower volatility.

•Play the Knight – Multi Cap Fund The Knight reaches different parts of the board in its unique way; similarly, Multi Cap Funds maintain meaningful exposure across large, mid and small caps for true market-cap diversification. Position Your Bishop – Large & Mid Cap Fund The Bishop combines reach with direction, much like Large & Mid Cap Funds balance the relative stability of large caps with the growth potential of mid caps.

•Use Your Pawns Strategically – Mid & Small Caps Pawns may start small but can become powerful when they advance—just as promising mid- and small-cap businesses can potentially grow into tomorrow’s leaders. 

•Every Piece Has a Purpose – Every Fund Has a Role Winning chess is rarely about one piece; similarly, portfolio construction is about combining strategies so each fund plays its intended role toward the investor’s objective

The key is not choosing one piece over another, but understanding how each can be positioned to strengthen the overall game.

Stock in focus: Juniper Hotels

Juniper Hotels clarified that no such event, as mentioned in the report “FSSAI issues notice to Delhi’s JW Marriott, Juniper Hotels over misprinted license, food hygiene”, was reported or communicated by FSSAI in relation to the company’s Andaz Delhi hotel in Aerocity.

Shares flat at ₹215.34 on the NSE.

Peyman Kargar set to be new CEO of TVS Motor from Jan 2027

Peyman Kargar set to be new CEO of TVS Motor from Jan 2027

Peyman Kargar will become CEO of TVS Motor Company in January 2027, succeeding K. N. Radhakrishnan for a seamless transition.

Stock Markets LIVE: Nifty IT index surges over 3%

Nifty IT index surged over 3% to 31,217.75. All counters in green. LTM, Coforge, HCL Tech, Persistent Systems and TCS lead rally with 4-5% uptick.

RITES opens Branch Office in South Africa

RITES has opened a Branch Office in the form of External Company in Republic of South Africa to cater business development activities.

Shares flat at Rs 217.70 on the BSE.

4,000% options surge in 15 minutes shows wild side of new CAS system

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4,000% options surge in 15 minutes shows wild side of new CAS system

During the first monthly expiry at BSE, a ₹64,000-put option tied to a bank index was trading at just ₹1.70 at the start of the auction. Within minutes, it shot up to ₹68.55, before crashing back to zero, all in just 15 minutes. 

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Gold drops ahead of Fed chief Warsh’s Jackson Hole speech

Gold drops ahead of Fed chief Warsh’s Jackson Hole speech

Gold prices dip ahead of Fed Chair Warsh’s Jackson Hole speech, as traders anticipate potential rate hike implications.

Brahmaputra Infrastructure bags ₹11.59-crore Assam government contract; shares rise 2%

Brahmaputra Infrastructure has received LOA from Assam Health Infrastructure Development and Management Society (AHIDMS), Government of Assam, Medical Education and Research Department (MERD) for contract worth Rs 11.59 crore.

Shares up 2% to Rs 160.56 on the NSE.

Noel Tata, Shapoorji discuss share swap for Tata Sons stake sale

Noel Tata, Shapoorji discuss share swap for Tata Sons stake sale

Noel Tata and Shapoorji Pallonji Group discuss a potential share swap to facilitate a stake sale in Tata Sons.

At 10.36 am, Sensex climbed 339.41 pts or 0.44% to 77,273; and Nifty 50 gained 69.55 pts or 0.29% to 24,160.40.

TVS Motor appoints Peyman Kargar as D&CEO from January 27, 2027; K N Radhakrishnan to become non-executive director

TVS Motor Company informed the appointment of Peyman Kargar as Director & Chief Executive Officer (D & CEO) in the rank of Whole Time Director, effective January 27, 2027; and K N Radhakrishnan will continue as a Director & CEO until 27th January 2027, and subsequently will serve as a Non – Executive Director upto the date of the ensuing AGM scheduled in July 2027.

Zerodha Fund House launches Life Cycle Fund 2031, adding five-year target-date option to series

Zerodha Fund House today announced the launch of the Zerodha Life Cycle Fund 2031, extending its target-date fund series to a five-year maturity horizon. The launch follows the June 2026 debut of the Zerodha Life Cycle Fund 2036 and Zerodha Life Cycle Fund 2041, which introduced target-date investing to Indian investors.

Like its predecessors, the Zerodha Life Cycle Fund 2031 is structured around a specific maturity year, called the target year, and invests across a mix of asset classes including equity, debt and commodities like gold and silver. The portfolio follows a pre-defined asset allocation that shifts systematically from a growth-oriented (higher risk) allocation in the early years to a more conservative allocation (lower risk) as the target year approaches. The shift happens automatically, without requiring any action from the investor.

With the addition of the 2031 fund, the Zerodha Life Cycle Fund series now spans three maturity variants – 2031 (5 years), 2036 (10 years) and 2041 (15 years) giving investors a shorter-horizon option built around the same rule-based glide path structure as the original two funds. Additional schemes with varying maturity years are planned over time, so investors at every life stage have a fund built around their timeline.

On the equity side, the fund aims to track the Nifty LargeMidcap 250 index. For the debt exposure, it invests in Indian government securities (G-secs) across different durations. It also takes some commodities and arbitrage exposure.

Talking about the launch, Vishal Jain, CEO of Zerodha Fund House, said, “Investing well isn’t just about picking the right asset class but also about knowing how much to allocate where, staying invested through market ups and downs, and shifting gears as your goal draws near. The Zerodha Life Cycle Fund series handles this shift for you, so that investing stays simple.”

Vaibhav Jalan, CBO of Zerodha Fund House, said, “A lot of financial goals might not sit ten or fifteen years away. A dream car purchase, a milestone birthday trip, a saving kitty for a loan downpayment – these are closer, and they need an allocation that reflects that shorter runway. The 2031 fund is built for exactly that kind of timeline.

HDFC Bank shares hit fresh 52-week low. Should investors be worried?

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HDFC Bank shares hit fresh 52-week low. Should investors be worried?

HDFC Bank shares remained in focus on Friday after the bank said it is exploring an appeal against the National Company Law Tribunal’s (NCLT) decision on media baron Subhash Chandra’s repayment plan of ₹6.5 crore.

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Tempsens Instruments more than doubles in debut trade, biggest listing gain of 2026

Tempsens Instruments clocks biggest listing gain on domestic exchanges in 2026, soar over 110% on debut

Tempsens Instruments surges over 110% on debut, marking the biggest IPO listing gain in 2026 on Indian exchanges.

Crude oil prices fall as US discusses buying stakes in Venezuelan oilfields

Crude oil prices fall as US discusses buying stakes in Venezuelan oilfields

Crude oil futures decline as US explores potential ownership stakes in Venezuelan oilfields, impacting market dynamics.

Closing auction scrutiny deepens as wild Sensex swing worries traders

Closing auction scrutiny deepens as wild Sensex swing worries traders

A sudden 3% plunge in the BSE Sensex during a closing auction raises concerns over liquidity and potential market manipulation.

SEBI proposes merchant banker exemption for small-value private debt issues by eligible listed issuers

SEBI proposes merchant banker exemption for small-value private debt issues by eligible listed issuers

SEBI proposes exempting eligible listed issuers from merchant banker appointments for small-value private debt issues to ease operational challenges.

Macquarie on United Spirits  

Recommendation: Outperform, Target: ₹1475

Growth marginally higher than Pernod India 

Pernod India saw 9% sales growth in the Jun’26 quarter 

Acknowledge the near-term input cost inflationary concerns post sugar price increases 

Like the constructive demand commentary by Pernod India and the stronger growth seen for United Spirits vs Pernod

JPMorgan on Jewellery Stocks  

Demand Shines Amid Volatility 

Affordability, category expansion and repeat purchases remain key growth drivers 

Gold exchange momentum sustains 

Formalization tailwinds continue to support network expansion 

Firm yet rational competitive landscape 

Localization strategies are gaining traction

Elara Capital on Emcure Pharmaceuticals  

Initiates Accumulate with a Target Price of ₹2,030 

Diversified pharma platform led by women’s health, with expanding chronic and specialty portfolios 

International markets contribute ~56% of FY26 revenue, driven by complex injectables, biologics and differentiated generics 

Partnerships with Sanofi, Novo Nordisk, Roche and Gilead add growth opportunities across key therapies 

Revenue and EBITDA expected to grow at ~12% and ~15% CAGR in FY26–28E, with margins rising to 20.6% by FY28E 

Valued at 25x FY29E core earnings plus cash; key risks include regulatory issues, scale-up delays and geopolitical cost pressures

Elara Capital on Alkem Laboratories  

Initiates Buy with a Target Price of ₹6,533 

Well placed to benefit from Indian pharma growth across chronic and acute segments; semaglutide launch strengthens its diabetes franchise 

US generics stabilising, with gJynarque (Tolvaptan) seen as a key growth driver; MedTech expansion planned through Occlutech acquisition 

Investing in biologics CDMO and new businesses, with Enzene and other ventures expected to break even in the next 4–8 quarters 

Margins expected to improve from H2FY27 as new businesses turn around and domestic mix improves 

Valued at 26.5x FY29E core earnings plus cash; key risks include slower domestic growth, US pricing pressure and delayed scale-up

Kotak Inst Eqt on JSPL

Buy, TP Raised to Rs 1350

Co is best placed to benefit from ongoing recovery in long steel prices (+12% in one month), with 50% of volume mix—highest among peers

Co is moving from build phase to harvest phase, as all its ongoing expansion projects are nearing completion.

Volume ramp-up and cost reduction from various growth projects should drive industry-leading volume/EBITDA CAGR of 17%/31% over FY2026-29E.

Kotak Inst Eqt on Just Dial

Buy, TP Rs 1175

Just Dial recently announced changes to its management team, with Dinkar Ayilavarapu taking over as the CEO of the company from VSS Mani

Believe that new management is looking to

(1) sharply increase its focus on merchant acquisition and RoI by enhancing new product launches,

(2) drive higher growth in collections from B2B business

(3) focus on other verticals where there is limited/no competition.

These steps may revive collections growth, which was subdued at 1.6% yoy in FY2026.

Kotak Inst Eqt on Metropolis Healthcare

Add, TP Rs 655

Analyst day takeaways

METROHL aims to expand its owned center count and set up mini-hubs, which, along with a deepening Tier-III presence, will drive growth.

It continues to guide for 14-15% yoy sales growth, along with 100-150 bps EBITDA margin expansion in FY2027E, led by specialty traction, higher TruHealth mix and improving throughput

Expect a 300 bps EBITDA margin expansion over FY2026-29E, aided by increasing maturity of the expanded network and a better margin profile for Core.

Backed by traction across B2C/B2B and an improving margin trajectory, expect METROHL to deliver a robust ~26% EPS CAGR over FY2026-29E.

Kotak Inst Eqt on Axis Bank

Buy, TP Rs 1600

Management meet takeaways

Axis Bank sees a dual-engine growth story: retail banking is poised to close growth gap & gain market share, while wholesale banking remains focused on capital-efficient, relationship-led growth, leveraging fee income, cross-selling opportunities &technology-led franchise expansion without stretching b/s

Axis Bank is positioned to deliver healthy earnings growth over FY2027-28E, supported by operating leverage and lower credit costs, providing a cushion to downside risks

Management has articulated a credible investment thesis centered on delivering steadier, through-the-cycle performance comparable to best-in-class peers

CLSA on Bajaj Auto

O-P, TP Raised to Rs 13466

Co launched a series of Pulsar refreshes/facelifts, with three more planned during festive period, alongside launch two new brands in Q1CY27.

BJAUT remains top pick in 2Ws from a 12-month perspective on back of

(1) relatively lower base in 2HFY26, as company lost market share amid the absence of major launches in that period, despite the GST rate cut,

(2) new launches, which should help BJAUT recover part of the market share lost in 125cc segment

(3) strong growth momentum in export market

(4) a strong trajectory in e-2W volumes,

(5) robust margin execution despite hyperinflation in key input commodities.

Jefferies on Bharti Airtel

Maintain BUY with a Target Price of ₹2,400 implying a 26% Upside 

Singtel plans to equalise its stake with the Mittal family in a calibrated manner while continuing to view Bharti Airtel as a strategic asset 

Premiumisation to support 4–5% annual mobile ARPU growth, even without tariff hikes 

Data centres, cloud and financial services to emerge as key growth engines alongside home broadband 

Core business investments remain the priority for cash, with focus shifting from mobile capex to fibre backhaul 

Dividends are expected to rise progressively as growth investments are funded

MS on Bharti Airtel 

OW, TP Rs 2440 

Key Takeaways 

Singtel reiterated its long-term goal of equalizing its stake in Airtel with the Indian promoter family’s stake, but emphasized no urgency to do so. 

Airtel sees scope for 5-6% annual ARPU growth without any tariff hike & reiterated its aspiration of reaching Rs350 mobile ARPU in medium term. 

Airtel estimates an industry opportunity of 30-40mn incremental homes over next 4-5 years & plans to capture its fair share. 

Digital businesses now contribute 20% of enterprise revenues & are growing 20%+, led by cloud, IoT, and digital services. 

Management will allocate capital to core business and progressive dividends before the three new growth ventures.

Jefferies on Pidilite

Hold, TP Rs 1730

PIDI is a strong franchise: 3x sales, 4x PAT & 4-5x MCap in last 10Y.

Post +12% rally YTD, it is at 56x 1-Y fwd PE, in-line with 10-Y avg.

Channel check suggests PIDI hiked prices by 2-12% in Q1, but offered low discount in July26 and target-based offers.

Demand stays healthy in most products (avg +13%YoY UVG in H1CY26).

But est FY27e OPM to dip to 22% (-200bps) with high VAM prices.

Q2FY27 avg at $909/MT, +16%YoY.

Jefferies on SBI

Buy, TP Rs 1320

From next year, SBI plans to ramp up its platform for Self-Employed & Professionals (SEP) & its deeper-market products for consumer & commercial loans.

It will leverage its subsidiary (SBOSS) that has +8k FOS, LMS & tech-platforms & collections capabilities.

Loan market here is estimated at Rs40-45tn, besides fee & deposit pools

This could support loan growth while potentially improving risk-adjusted returns.

SBIN remains one of top picks.

Jefferies Model Portfolio Changes

Add Manappuram as preferred play on accelerating monetisation of household gold through formal lending channels, funded by modest trims across select lenders

Also replace Jindal Stainless with Hind. Zinc to gain exposure to silver theme & Meesho as a play on mass discretionary consumption

Add Navin Fluorine where see growth levers across CDMO, cooling products, spec. chem. & adv. materials driving 23% EPS CAGR during FY26-29E, while removing Ambuja.

Other Gold beneficiaries on potential price surge include Jewellers (Titan, Kalyan), MCX, lenders (IIFL Finance, Muthoot).

Jefferies on India Strategy  

India’s Hidden Stimulus: The Gold Wealth Effect 

Indians hold an est. $4 lakh cr in Gold, 4x the money held in stocks 

If the recent surge in Gold prices extends on the back of US$ concerns, wealth and spending would be likely visible 

Monetisation of Gold savings via Gold backed loans has gained salience 

This could be driving 80 bps additional GDP growth/spends for a 10% gold price increase, partially offset by higher CAD 

Add Manappuram, Hindustan Zinc, Navin Fluorine, Meesho to model portfolio

CLSA on Meesho

Initiate U-P, TP Rs 150

Meesho is India’s leading ‘value commerce’ platform by transactions, leveraging an asset-light, zero-commission marketplace model to tap into price-sensitive consumers, especially in low-tier cities and rural India.

Meesho eschews high AOVs for affordability while improving delivery efficiency.

While promise is large, monetisation, especially of low-income cohort, is a key challenge, with payments, lending & content monetisation competitive in India

Run multiple scenarios & believe current valuation is pricing in unrealistic outcomes

HSBC on Manipal Health

Initiate Buy, TP Rs 1000

India’s biggest private hospital operator, set to sharpen its focus on profitability after doubling bed capacity since FY23

Expect PAT to grow c3x over FY26-29e and net debt to EBITDA to improve to 0.7x in FY27e (vs 3.7x in FY26)

Improving EBITDA margins for acquired Sahyadri Hospitals is a key catalyst

Jefferies on SBI MF

Initiate Buy, TP Rs 710

SBI FM, largest Indian AMC, has Rs12.5tn (US$130bn) of mutual fund assets.

Key differentiations are:

(1) exclusive association with largest PSU bank,

(2) market leadership in faster-growing lower-tier markets,

(3) well diversified scheme mix

(4) institutional scale.

Expect 15% OPAT CAGR till FY29e led by 18% MF AUM CAGR & op. lev

Rupee declines 10 paise to 95.55 against US dollar in early trade

Rupee declines 10 paise to 95.55 against US dollar in early trade

The rupee fell 10 paise to 95.55 against the US dollar in early trade on Friday, weighed by FII outflows and sustained disruptions in global crude oil supplies.

Coforge expands Pega partnership to drive enterprise AI; shares surge 3% on NSE

Coforge expands strategic partnership with Pega to accelerate enterprise AI transformation

Shares surged 3% to Rs 1958.10 on the NSE.

Hero MotoCorp to invest ₹1,758 crore in Ather; both stocks gain on NSE

Hero MotoCorp approved an investment of up to ₹1,758 crore to buy additional shares in electric two-wheeler maker Ather Energy

Hero Motocorp rose 1% to Rs 5620 on the NSE. Ather Energy surged over 5% to Rs 1571.60.

Lenskart shares flat at Rs 642.35 on the NSE, amid 2.95 croroe shares worth block deal.

Markets open higher; IT stocks lead gains as investors await Warsh’s Jackson Hole speech

Markets open higher; IT stocks lead gains as investors await Warsh’s Jackson Hole speech

Markets opened higher with IT stocks leading gains as investors await Fed Chair Warsh’s Jackson Hole speech.

Crude oil futures fall as US discusses Venezuelan oilfield ownership

Crude oil futures traded lower on Friday morning following reports that the US is discussing ways to acquire ownership in Venezuelan oilfields. At 9.35 am on Friday, November Brent oil futures were at $88.22, down by 0.34 per cent, and October crude oil futures on WTI (West Texas Intermediate) were at $83.11, down by 0.50 per cent. September crude oil futures were trading at ₹7957 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹7964, down by 0.09 per cent, and October futures were trading at ₹7820 against the previous close of ₹7853, down by 0.42 per cent.

HDFC Bank trades flat after 52-week low; disputes claim, may appeal NCLAT resolution

HDFC Bank traded flat at Rs 713.80 on the NSE at 9.24 am after hitting a fresh 52-week low of Rs 707 in early trade.

HDFC Bank, said in a statement that it had admitted claim was only 3.2 per cent of the total stated claim amount. The Bank inherited this facility which was previously provided by HDFC Ltd. HDFC Bank had opposed and voted against this resolution, which was approved by the majority. The Bank is exploring filing an appeal at the NCLAT.

Indichem opens semiconductor plant in Korea; Acutaas shares flat on NSE

Acutaas Chemicals’ step-down subsidiary Indichem inaugurates Semiconductor Materials Plant at Gongju, The Republic of Korea

Shares flat at Rs 3334.30 on the NSE.

Nifty today: Top gainers, losers at this hour of trade

Top gainers of Nifty 50: Tech Mahindra (+2.74%), TCS (+2.21%), Infosys (+2.10%), HCL Tech (+1.99%)

Top losers: Bajaj Finance (-1.33%), Adani Enterprises (-0.82%), Bajaj Finserv (-0.79%), UltraTech (-0.64%)

Sensex up 193 pts to 77,127; Nifty rises to 24,126 in early trade

Sensex gained 193.49 pts or 0.25% to 77,127.08 at 9.16 am after opening at 77,128.05 from the previous close of 76,933.59. Nifty 50 inched up 35.60 pts or 0.15% to 24,126.45.

Godrej Properties launches Habitat Matters to accelerate low-carbon construction in India

Godrej Properties (GPL) announced the launch of Habitat Matters under Godrej Good & Green Labs, innovation arm of Good & Green, Godrej Industries Group in partnership with Xynteo. This is a CSR initiative aimed at accelerating the adoption of low-carbon construction materials in India’s built environment.

India is in the midst of one of the largest construction booms of any economy in the world. By 2050, the country is expected to have approximately 34 billion square metres of new building stocks, with many studies estimating new construction almost doubling its current levels. Every building constructed in that window locks in its environmental footprint the moment it is built, making today’s material choices a decision with consequences that cannot be undone.

Cement, concrete, steel, glass, and blocks that form every wall account for a significant share of construction’s carbon impact, and remain among the least addressed challenges in the industry. Habitat Matters is designed to close the gap between promising low-carbon material innovations and their real-world deployment on a live construction project, by identifying credible innovations, piloting them, and evaluating their performance under real conditions.

Over the next five years, Godrej Properties aims to deploy such pilots, building a body of validated, on-ground evidence that can inform how the wider industry builds going forward.

Google Cloud and boAt join hands to bring Gemini AI to audio devices

Google Cloud, boAt partner to bring Gemini AI to smart audio devices

Google Cloud and boAt parent Imagine Marketing partner to add Gemini AI features to Crest smart audio devices, including voice commands and Google Workspace.

Hero MotoCorp to invest ₹1,758 crore in Ather Energy, raise stake to 32.8%

Hero MotoCorp to raise Ather Energy stake to 32.8%

Hero MotoCorp will buy Ather Energy shares worth up to ₹1,758 crore, raising its stake to 32.8% amid intensifying electric two-wheeler competition.

Top technical indicators for today’s trade

* Nifty 50: 24,150, up 0.25%; opened at 24,123 versus Thursday’s close of 24,091.

* Trend: Nifty is hovering near a trendline support, indicating potential for an intraday rally.

* Advance/decline ratio: 26/24, indicating a relatively balanced market.

* Sectoral trend: Nifty IT +3%, the best-performing sector; Nifty Cement -0.8%, the biggest laggard.

* Nifty futures (September): 24,320, up nearly 0.2%; trading near the lower end of the 24,250–24,500 range.

* Bullish trigger: Recovery from 24,320 could take futures to 24,430, with a breakout potentially extending gains to 24,500.

* Bearish trigger: A break below 24,250 could trigger a downswing to 24,120, potentially extending to 24,000.

* Supports: 24,250 and 24,120

* Resistances: 24,430 and 24,500

* Trading strategy: Buy Nifty futures (September) at 24,320, with a stop-loss at 24,240 and target of 24,430.

Opening bid: Positive opening seen amid lacklustre mood in Indian stocks

ndian stocks eye positive start amid lacklustre sentiment

Stock market today: Gift Nifty at 24,260 signals a higher opening as investors track crude oil, Fed policy, Nvidia and Strait of Hormuz risks.

Morgan Advanced Materials exits Foseco India

Foseco India: Morgan Advanced Materials sells entire 15.26% stake

Morgan Advanced Materials sells its entire 15.26% stake in Foseco India for ₹678.62 crore, with domestic and foreign investors buying the shares.

ESDS Software Solution IPO: Can strong growth justify the valuation?

ESDS Software Solution IPO Review: Should You Subscribe at 42x Earnings?

ESDS Software Solution IPO opens August 28 at ₹408-429 a share. We analyse its growth, valuation, AI opportunity and risks to see if investors should subscribe.

Priority Jewels IPO: What investors need to know

Priority Jewels IPO opens today at ₹190-200; check key details

Priority Jewels IPO opens August 28 at ₹190-200 per share. Check issue size, lot size, anchor investors, fund use, business details and broker view.

ESDS Software Solutions IPO opens today: What you need to know

ESDS Software Solutions IPO: What investors need to know before subscribing

ESDS Software Solutions IPO opens August 28 at ₹408-429 per share. Check IPO size, lot size, anchor allotment, fund use and broker recommendations.

Buzzing stocks: Hero MotoCorp, Lenskart, Cipla, Wipro, Tejas Networks and more

Buzzing stocks: Hero MotoCorp, Lenskart, Cipla, Wipro, Tejas Networks and more

Explore recent developments in buzzing stocks including Lenskart, Hero MotoCorp, Cipla, and more in the market.

WATCH: Today’s stock recommendation

FIIs sell ₹298 crore; DIIs buy ₹4,977 crore on August 27

Instl. Investors EQUITY Cash Trades PROV. – 27/08/2026 : Rs. CRS. : 

FIIS : SELL -298 (15,277-15,575)

DIIS : BUY +4,977 (19,605-14,628)

Meesho:Tough cohort to monetise (UNDERPERFORM)

Meesho is India’s leading ‘value commerce’ platform by transactions, leveraging an asset-light, zero-commission marketplace model to tap into price-sensitive consumers, especially in low-tier cities and rural India. Meesho eschews high AOVs for affordability while improving delivery efficiency. While the promise is large, monetisation, especially of the low-income cohort, is a key challenge, with payments, lending and content monetisation competitive in India. We run multiple scenarios and believe the current valuation is pricing in unrealistic outcomes. Initiate at U-PF with a Rs150 TP.

Chasing yield beyond the 10-year G-Sec

Chasing yield beyond the 10-year G-Sec

Explore higher yields by extending G-Sec maturities, but understand the associated duration and liquidity risks before investing.

The great textile reset: Can India seize the opportunity?

The great textile reset: Can India seize the opportunity?

Explore how India can capitalize on the global textile industry’s shift away from China for growth opportunities.

Trading Guide for August 28, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for August 28, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI

Stock to buy today: BHEL (₹433)

Stock to buy today: BHEL (₹433) – BUY

Buy BHEL shares at ₹433; target ₹470-₹475 with a bullish short-term outlook and strategic stop-loss advice.