28/08/26, Indian benchmark indices are likely to open on positive note on August 28, tracking GIFT Nifty, which was trading firm at around 24,245.50 in early trade.

Indian benchmark indices extended their losses for the second consecutive session on August 27, as buying in consumer durables and pharma stocks was offset by selling across media, metals, oil & gas and PSU banks. The market failed to sustain its opening gains and remained largely in negative territory through the session.

The Nifty closed at 24,090.85, down 116.90 points or 0.48%, while the Sensex declined 539.35 points or 0.70% to 76,933.59.

The broader market outperformed the benchmark indices, with Nifty midcap and smallcap indices ended with marginal losses.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

GIFT Nifty was trading higher at around 24,245.50 in early trade, indicating a positive start for the domestic equity markets.

Asian Equities (Rise)

Japanese stocks rose, driven by gains in electronics and banks, with investors awaiting US Federal Reserve chairman Kevin Warsh's first major speech since taking the helm of the world's most important central bank.

The Topix Index rose nearly 0.7% to 4,145.46 and the Nikkei advanced 0.6% to 66,521.09. Hitachi Ltd. contributed the most to the Topix Index gain, increasing 3.1%.

US Equities (Gain)

The technology-heavy Nasdaq outperformed peers at the close of trade on Thursday after chip maker Nvidia's bumper revenue forecast reaffirmed the strength of the ​AI boom and fueled gains in technology stocks.

Nvidia shares jumped 8.7% after the chip company's robust forecast met lofty investor expectations, bolstering the view that the tech rally ‌still has room to run as companies at the heart of AI buildout continue to deliver impressive growth.

The S&P 500 closed 55.29 points, or 0.72%, higher at 7,730.99 and ⁠the Nasdaq Composite gained 411.16 points, or 1.57%, to 26,541.35. The Dow Jones Industrial Average rose 105.56 points, or 0.20%, to 53,569.44.

Report by Rakesh Patil

Source: Network18 

28/08/26, What did HDFC Bank say?

HDFC Bank spokesperson told financialexpress that such lawsuits are common in the US, particularly after a company’s share price declines.

The spokesperson said, “In the United States, these types of shareholder lawsuits are incredibly common after a company experiences a stock drop, and many companies listed in the U.S. routinely defend these lawsuits each year. The Bank believes the lawsuit is without merit and intends to vigorously defend itself.”

What is the US lawsuit about?

According to reports, investor Jwalant Natvarlal Soneji has filed a securities fraud class action lawsuit against HDFC Bank, its Managing Director and Chief Executive Officer Sashidhar Jagdishan and former Chief Financial Officer Srinivasan Vaidyanathan.

The lawsuit covers investors who purchased HDFC Bank securities between July 17, 2023 and May 26, 2026.

At the centre of the allegations are payments of around Rs 45 crore made by the bank to Maharashtra State Road Development Corporation (MSRDC). 

The payments have allegedly been classified as marketing expenses and were linked to compensation for interest rates offered to certain depositors.

The allegations claim that investors were not adequately informed about the matter.

However, the lawsuit is only an allegation at this stage. HDFC Bank has rejected the claims and said it intends to defend itself.

HDFC Bank share price: How has the stock performed?

Over the past five trading sessions, the stock has declined around 2%. The pressure becomes more visible over a longer period. The stock has fallen nearly 19% over the past six months and around 25% over the past year.

So far in 2026, HDFC Bank shares are down about 28%.

27/08/26, NIFTY50 weekly

27/08/26, Stocks To Watch. .From significant investments to major deals, quarterly earnings, order wins, and appointments here's a quick look at which stocks will be in focus in today's trade:

ICICI Prudential AMC

Prudential Corporation Holdings plans to sell a 2% stake in ICICI Prudential AMC to meet minimum public shareholding (MPS) norms, with the offer size at Rs 3,121 crore, reports CNBC-TV18, quoting sources. The total promoter shareholding stood at 87.6%, including Prudential Corporation's 34.59% stake, as of June 2026.

Foseco India

Morganite Crucible and Morgan Terrassen BV are likely to exit Foseco India by selling their entire 15.27% stake through a block deal. The offer size is pegged at Rs 664.4 crore, with a floor price of Rs 5,773.63 per share, reports CNBC-TV18, quoting sources.

Aye Finance

Alpha Wave India I LP is likely to sell its entire 7.8% stake in Aye Finance through a block deal, with the offer size at Rs 320.4 crore and a floor price of Rs 167 per share, reports CNBC-TV18, quoting sources.

Fino Payments Bank

The Reserve Bank of India (RBI) has approved the extension of tenure of Ketan Merchant as Interim CEO of Fino Payments Bank, for a further period of three months effective August 27, 2026 or till the date of taking charge of regular MD & CEO, whichever is earlier.

IRB Infrastructure Developers

The Board of Directors of the company has approved an investment of up to Rs 351 crore in the units of IRB InvIT Fund through subscription to a preferential issue proposed to be undertaken by IRB InvIT Fund.

The company proposes to acquire up to 5.4 crore additional units of IRB InvIT Fund at Rs 65 per unit.

IRB InvIT Fund is raising funds to acquire two project SPVs from IRB Infrastructure Trust, a privately placed, listed infrastructure investment trust.

Bharat Electronics

BEL has secured additional orders worth Rs 730 crore since August 10. Major orders received include communication equipment, radar, avionics, tank sub-systems, electro-optics, cybersecurity, perimeter security, medical electronics, EVMs, jammers, batteries, spares and services.

Max Healthcare Institute

The company's subsidiary, Alps Hospital, has received a show-cause-cum-demand notice from the Directorate General of Goods & Services Tax Intelligence (DGGI), Mumbai, alleging a GST demand of Rs 165.7 crore, including a penalty of Rs 110.47 crore.

Vedanta

Vedanta Resources, the parent company of Vedanta, has denied recent media speculation regarding a purported sale of its shareholding in Vedanta, Vedanta Aluminium or any other Vedanta group company. It confirmed that there is currently no such plan to sell any stake.

The company remains focused on growth and full value unlocking, anchored by its landmark demerger into five focused, world-class companies, an ambitious growth capex pipeline, a strong deleveraging track record and consistent shareholder returns, reports PTI.

Bulk & Block Deals

Physicswallah

Lightspeed Opportunity Fund II LP exited PhysicsWallah by selling its entire 4.67 crore equity shares, representing a 1.61% stake, for Rs 549.73 crore. The shares were sold at Rs 117.72 per share.

ICICI Prudential Mutual Fund, Goldman Sachs, Morgan Stanley Asia Singapore, Societe Generale, Citigroup Global Markets Mauritius, Viridian Asia Opportunities Master Fund, Safra Sarasin Fund Management SA, Ghisallo Master Fund, Mediolanum International Funds, New York State Teachers Retirement System, OP-India Fund and Tata AIA Life Insurance Company were among the buyers in the block deals.

Rubicon Research

General Atlantic Singapore RR Pte Ltd sold 1.38 crore equity shares, representing 8.37% of Rubicon Research's paid-up equity, for Rs 2,291.61 crore. The foreign promoter, which held a 35.83% stake in Rubicon Research as of June 2026, sold the shares at Rs 1,660 apiece through block deals to 10 domestic and global institutional investors.

Kotak Mahindra Mutual Fund, NomURA India Investment Fund Mother Fund, HDFC AMC, ICICI Prudential AMC, SBI Mutual Fund, VEMF-A LP, Axis MF, TIMF Holdings, Aranda Investments and PI Opportunities AIF V LLP were the buyers of all the shares sold by General Atlantic in Rubicon Research.

Billionbrains Garage Ventures Groww

Ribbit Capital V LP sold 6.31 crore equity shares of Billionbrains Garage Ventures for Rs 1,238.1 crore at Rs 196 per share. Ribbit Cayman GW Holdings V also offloaded 4.99 crore shares at Rs 196.06 apiece, valued at Rs 979.16 crore.

Together, the two entities sold 11.31 crore shares, representing 1.8% of Billionbrains Garage Ventures' paid-up equity, for a total of Rs 2,217.3 crore. As of June 2026, Ribbit Cayman GW Holdings V and Ribbit Capital V LP held stakes of 4.46% and 5.64%, respectively, in the Groww parent.

Welspun Corp

Promoter Welspun Investments and Commercials sold 60 lakh shares, representing 2.27% of Welspun Corp's paid-up equity, at Rs 2,275.30 apiece, taking the transaction value to Rs 1,365.2 crore. Separately, Vipul Mathur, Managing Director and CEO of Welspun Corp, sold 3 lakh shares, or a 0.11% stake, for Rs 68.3 crore. Their combined stake sold stood at 2.38%.

Capital Group, through 14 schemes, acquired an additional 47.84 lakh shares, representing a 1.81% stake in Welspun Corp, for Rs 1,088.6 crore. Aberdeen Group, through six schemes, bought 6.62 lakh shares, or a 0.25% stake, for Rs 150.76 crore.

Quant Mutual Fund, Quant Small Cap Fund, Edelweiss Life Insurance Company and Edelweiss Mutual Fund were among the other buyers of shares sold by the promoter in Welspun Corp.

Viyash Scientific

Promoters CA Hull Investments and CA Harbor Investments, owned by global investment firm The Carlyle Group, sold 4.75 crore equity shares in Viyash Scientific for Rs 1,259.4 crore at different prices. The stake sold by Carlyle was equivalent to 10.88% of the company's paid-up equity.

Carlyle Group held a 61.31% stake in the company as of June 2026.

Of the stake sold by Carlyle, 1.08 crore shares were bought by six investors — Kotak Mahindra AMC, Bandhan MF, Edelweiss MF, Panvira India Innovation Fund, S Gupta Homes and Aagam Investments.

Gaja Alternative Asset Management

Invesco Mutual Fund has acquired an additional 85.95 lakh shares, representing 6.09% of the paid-up equity, in Gaja Capital for Rs 157.8 crore. As per the latest shareholding pattern after the IPO closure, Invesco India Financial Services Fund held a 1.71% stake in the company, taking its total shareholding to 7.8%.

Avenue Supermarts

Capital Group-owned American Funds Insurance Series Global Growth and Income Fund sold 67.64 lakh shares, representing a 1.03% stake, in Avenue Supermarts (DMART) for Rs 2,537.12 crore at Rs 3,750.58 per share.

Standard Engineering Technology

Amansa Holding offloaded an additional 11.58 lakh shares in Standard Engineering Technology at Rs 324.60 per share, valued at Rs 37.59 crore.

TCC Concept

Goldman Sachs Asia Strategic sold 4.04 lakh shares in TCC Concept for Rs 10.46 crore at Rs 258.48 per share

Source: Network18

27/08/26, Amazon.com Inc. will add an additional 2 million Nvidia Corp. graphics processing units to its data center fleet in the next two years, a sign that the company remains committed to the AI hardware leader's products despite its own competitive chipmaking efforts. The two companies said on Wednesday that Amazon would deploy some 2 million of Nvidia's high-end chips, which are designed to train and run artificial intelligence models, in 2027 and 2028. That's in addition to the 1 million Nvidia chips Amazon in March said that it would be installing in Amazon Web Services data centers, beginning this year.

The chips in the latest deal include Nvidia Blackwell Ultra, Rubin and Rubin Ultra GPUs. Those products will likely carry a list price of at least tens of thousands of dollars a unit, though big customers can get discounts. Amazon and Nvidia didn't announce financial terms of their latest deal.

Nvidia's GPUs are the essential currency of the artificial intelligence boom, powering the assembly and use of most large language models.

Nvidia's largest and best customers, Amazon, Microsoft Corp. and Alphabet Inc.'s Google, are also building alternative products. The cloud giants are betting that they can better tailor hardware to their own data centers and pass efficiency gains on to their customers.

Amazon in recent years has invested heavily in its own chipmaking arm, Annapurna Labs, which produces a central processing unit, as well as an AI accelerator designed to rival Nvidia's GPUs. The company has said the upcoming edition of its Trainum AI chip will make use of an Nvidia networking technology.

Report: Bloomberg 

Source:Network18

27/08/26, Mr Shareen Agrawals Market Report for toddy

Indian benchmark indices Sensex and Nifty are likely to open on a muted note on Thursday, with GIFT Nifty indicating a flat-to-negative start. A bullish outlook from Nvidia has boosted technology and semiconductor stocks across Asia, while a further decline in crude oil prices offers support to Indian equities. However, hotter-than-expected US inflation data and lingering geopolitical uncertainty could keep investors cautious.

GIFT Nifty was trading at 24,366 around 7:40 am, down 30 points, or 0.12 percent. Indian equities failed to build on the previous session's gains on Wednesday, with the Nifty closing near the day's low. The Sensex fell 183.15 points, or 0.24 percent, to 77,472.94, while the Nifty declined 126.80 points, or 0.52 percent, to 24,207.75.

Nvidia outlook lifts Asian technology stocks

Asian equities advanced after Nvidia issued a bullish sales outlook, easing concerns that the rapid expansion in AI-related capital expenditure could be losing momentum. The upbeat outlook could also provide a positive read-through for technology stocks globally after concerns over the scale and returns from AI spending triggered bouts of sharp selling in the sector over recent weeks.

MSCI's Asia-Pacific equities gauge rose 0.3 percent, with semiconductor stocks leading the advance. South Korea's Kospi gained 1.1 percent, supported by stocks including SK Hynix and Samsung Electronics, while Japan's Topix advanced 0.9 percent. Nvidia shares jumped 4.7 percent in extended US trading after its outlook signalled continued strong sales growth. Nasdaq 100 futures rose as much as 1.3 percent following the announcement before paring some gains, while S&P 500 futures were up 0.4 percent.

Wall Street slips after hotter inflation reading

The positive reaction to Nvidia came after US stocks had finished marginally lower in regular trading on Wednesday as a hotter-than-expected inflation reading weighed on sentiment. The Dow Jones Industrial Average fell 0.21 percent to 53,463.88, while the S&P 500 slipped 0.02 percent to 7,675.70 and the Nasdaq Composite declined 0.08 percent to 26,130.20.

The inflation data could keep the outlook for US interest rates and Treasury yields in focus. Higher-for-longer rates and elevated bond yields have emerged as a key concern for global equity markets in recent weeks, particularly for richly valued technology stocks and emerging-market assets.

Brent extends decline to fourth day

Falling crude oil prices provide a favourable cue for Indian markets. Brent crude futures declined 0.7 percent to $87.24 a barrel on Thursday, extending their fall to a fourth consecutive session. US West Texas Intermediate crude dropped 0.7 percent to $81.67 a barrel, its fifth straight session of losses.

Oil prices have eased on expectations that talks between Iran and Qatar could help reopen the Strait of Hormuz and reduce disruptions to energy supplies stemming from the Middle East conflict.

Nifty technical outlook

Bajaj Broking said the Nifty could remain in the 24,000-24,350 range unless it closes above 24,360, a breakout that could extend the recovery towards 24,550-24,700. Short-term support is seen at 24,000-23,800.

Institutional flows remained supportive despite Wednesday's decline in the benchmark indices. Foreign institutional investors (FIIs) were net buyers for a second consecutive session, purchasing Indian equities worth Rs 502 crore on August 26. Domestic institutional investors (DIIs) recorded much stronger purchases, investing Rs 6,425 crore in equities.

Source: Network18 

26/08/26, Expansion in US Economy

The US economy expanded at an unrevised 1.5% pace in the second quarter, though underlying details showed stronger consumer spending and business investment than initially reported.

The annualized gain in inflation-adjusted gross domestic product compares with a 2.1% advance in the first quarter, according to the second estimate issued Wednesday by the Bureau of Economic Analysis.

Consumer spending, which comprises more than two-thirds of economic activity, increased an annualized 3.4%, stronger than the initially estimated 3.2% gain. Nonresidential fixed investment climbed at an 8.5% pace.

A narrower gauge of underlying demand, final sales to private domestic purchasers, rose a revised 4.2% in the second quarter — the strongest in more than three years and compared with an initial estimate of 3.9%. The measure excludes net exports, inventories and government spending.

Government spending declined an annualized 1% in the second quarter, reflecting a steep drop in nondefense-related outlays.

Meanwhile, the personal consumption expenditures price index minus food and energy was revised up to an annualized 3.6% rate from 3.4%. Separate data out Wednesday showed a 0.2% increase in the so-called core PCE price gauge in July from the prior month.

That report also showed no change in real consumer spending during the month after more robust increases in the prior two months.

Report by Bloomberg 

Source:Network18

26/08/26, JSW in Battery Cell

JSW Group is scouting for a technology partner to manufacture lithium iron phosphate (LFP) battery cells in India, with the proposed venture currently on hold due to the absence of a suitable partner, Parth Jindal, director, JSW MG Motor India, said on August 26.

“We are very keen to make cells in India but the lithium phosphate iron (LFP) technology, currently is not available for us and the hunt is on for a technology tie-up,” Jindal said to Moneycontrol on the sidelines of the launch of the Hector Tomahawk sports utility vehicle in Mumbai.

The group wants to develop LFP battery cells locally as part of its plans to build capabilities across the electric vehicle value chain. JSW Energy has already commissioned a cell-to-pack assembly line for battery storage, while the battery facility for JSW MG Motor India has also been commissioned, Jindal said.

JSW Group had signed a Rs 40,000 crore memorandum of understanding with the Odisha government in 2024 for investments across sectors, including battery manufacturing. However, the management said the battery project could not be taken forward because it could not find a partner with the required technology. “That project (Odisha), hence is on hold,” Jindal said.

The proposed partnership for battery manufacturing is one of several partnerships JSW Group is pursuing for its automotive business. The group already has a partnership with China's SAIC Motor for the MG Motor brand in India and is in talks with a Chinese passenger vehicle manufacturer to launch cars under its own brand. It also has a tie-up with an electric bus manufacturer for producing electric buses in India.

Jindal said the key challenge in manufacturing cells is access to LFP technology, which remains concentrated in China.

“But making the cell itself, which is the most important part of an EV, that technology on LFP is not available anywhere outside of China and right now they are guarding it like a weapon,” he said.

The group has been expanding its presence in battery manufacturing through JSW Energy, which has commissioned facilities for battery storage. The move into cell manufacturing would take the group further upstream in the battery value chain.

LFP batteries are widely used in electric vehicles and energy storage systems. Unlike nickel-manganese-cobalt chemistries, LFP batteries do not use nickel or cobalt and are generally used in applications where cost, safety and cycle life are key considerations.

JSW Group's automotive plans come as the company seeks to build an integrated electric mobility business spanning vehicle manufacturing, batteries and related technologies.

Report by Swaraj Baggonkar

Source: Network18 

26/08/26, Trading Factors for Today's Market

Indian benchmark indices Sensex and Nifty are likely to open sharply higher on Wednesday, with GIFT Nifty pointing to a gap-up start as falling crude oil prices, easing global bond yields and an overnight rise on Wall Street improved the global backdrop. Mostly positive Asian markets and continued institutional buying at home could provide further support. But investors are likely to remain cautious ahead of Nvidia's closely watched quarterly earnings.

GIFT Nifty was trading at 24,556 around 7:50 am, up 222 points, or 0.9 percent. Domestic equities enter the session with positive momentum after final-hour buying helped the benchmarks recover on monthly derivatives expiry day. The Sensex rose 286.98 points, or 0.37 percent, to 77,656.09, while the Nifty gained 115.50 points, or 0.48 percent, to end at 24,334.55 on Tuesday.

Asian markets mostly higher

Asian equities traded mostly higher on Wednesday, supported by technology stocks and the easing in global bond yields. MSCI's Asia-Pacific equities gauge gained 0.3 percent. Hong Kong's Hang Seng rose 1 percent, while the Shanghai Composite advanced 0.4 percent. Japan's Topix and Australia's S&P/ASX 200 were also marginally higher, although Nikkei 225 futures declined 0.4 percent.

Crude oil tumbles as Hormuz hopes revive

A further sharp decline in crude oil is among the most favourable cues for Indian equities on Wednesday, while the recovery in US technology stocks and easing bond yields have also helped improve global risk sentiment. Oil prices dropped about 2 percent in early Asian trade, extending steep losses from the previous session after Iran said it had resumed talks with Oman over managing the Strait of Hormuz.

Brent crude futures fell 2 percent to $86.80 a barrel, while US West Texas Intermediate crude declined 1.8 percent to $80.87 a barrel. Both benchmarks had already fallen more than 3 percent on Tuesday.

Wall Street gains as tech stocks rebound, bond yields ease

US equities ended higher on Tuesday as technology stocks recovered ahead of Nvidia's results, while declines in crude oil and Treasury yields offered investors some relief following the recent bond-market selloff. The Nasdaq Composite gained 0.66 percent to 26,151.30, while the S&P 500 advanced 0.32 percent to 7,677.24. The Dow Jones Industrial Average rose 0.30 percent to 53,577.40.

Easing bond yields are another positive cue for global equities after the recent surge in borrowing costs pressured valuations and triggered concerns over capital flows into emerging markets.

Attention now shifts to Nvidia, which is due to announce its quarterly earnings later on Wednesday. The results and management commentary will be closely watched for indications of the strength of AI-related demand and the sustainability of heavy technology investment. US futures reflected some caution ahead of the results, with Nasdaq 100 futures down 0.5 percent and S&P 500 futures falling 0.3 percent in Asian trade.

FII, DII buying adds to positive domestic cues

Institutional flows remained supportive on Tuesday, with both foreign and domestic investors emerging as net buyers. Foreign institutional investors (FIIs) extended their buying streak to a second consecutive session, purchasing equities worth Rs 1,593 crore. Domestic institutional investors (DIIs) also remained net buyers, investing Rs 230 crore in Indian equities. The continued foreign buying is an encouraging signal for domestic equities

Report by Shaleen Agrawal 

Source: Network18