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ICICI Prudential Asset Management Co. is slashing holdings of sovereign debt in its top-performing dynamic bond fund, Manish Banthia, chief investment officer for fixed income, said in an interview. He’s instead putting money in investment-grade corporate bonds with one- to three-year maturity, and in certificates of deposits.

The Indian market is expected to consolidate on Monday due to mixed global cues. On Friday, Nifty futures gained 0.53%, closing at 25,398. India VIX fell by 2.86%, from 13.79 to 13.39. In the options market, the highest Call open interest is at the 26,000 and 26,500 strikes, while the highest Put open interest is at the 25,000 and 24,000 strikes.

Jeyyam Global Foods has launched its SME IPO, aiming to raise Rs 82 crore, with a price band of Rs 59-61. The IPO will close on September 4, with shares likely to list on September 9 on the NSE SME platform. Proceeds will fund working capital, capital expenditure, and corporate purposes.

Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2023.

5 stocks from the large-cap pack appeared in the RSI Trending Up scan. It is an uptrend signal if the RSI value has crossed above 50 from below.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 481512.73 Crore) operating in IT Software sector.

Gold October futures at MCX opened flat at Rs 71,500 per 10 gram, down by 0.16%. Silver December futures traded at Rs 84,190/kg, down by 1.2%. Both metals saw profit taking after U.S. economic data suggested fewer Fed rate cuts.