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Oil prices dropped on Monday as investors considered the impact of higher OPEC+ production in October against reduced output from Libya. Brent crude fell 0.7% to $76.36 a barrel, while U.S. West Texas Intermediate also declined 0.7% to $73.05 a barrel. Economic concerns in China and the U.S. continue to influence market sentiments.

PNB Housing Finance, backed by Carlyle, aims to grow its affordable loan book to ₹15,000 crore by FY27. Currently, the affordable housing sector contributes ₹2,500 crore. The lender plans to shift focus to high-yielding segments and expects its overall loan book to grow by 18% in the next three years.

What was seemingly a very shallow and restricted market of less than 500 interested parties for each share sale on average four years ago now draws applications that run into six figures. Statistics show from just 408 applicants on average in FY20 and 511 in FY21, these SME IPOs drew a staggering 2,19,000 applications so far in FY25.

The newer players, such as Yatharth Hospital and Jupiter Life Line, have gained 58% and 25%, respectively, since their listings. Not just hospitals, even medical insurance administrator Medi Assist, that works with hospitals, has also gained 28% since its listing in January this year.

Investors from Pacific Investment Management Co to Neuberger Berman and Grantham Mayo Van Otterloo (GMO) are eyeing local-currency debt and select reform stories from countries including Ecuador and Argentina, which they say stand to benefit most from the boon the Fed cuts should provide to risk assets.

The US Fed, in its Jackson Hole speech, signaled a likely rate cut beginning in September, prompting the US 10-year yield to soften and the dollar index to fall to a seven-month low. Despite this, Indian 10-year G-sec yields have remained steady. This is due to the RBI’s limited ability to adjust its monetary stance, influenced by India’s unique supply-driven inflation dynamics.

Raymond, a diversified group which will have three listed entities in its fold after demerger of lifestyle and real estate verticals, is looking for a stabilised growth of 15 per cent from sales along with 15-20 per cent of pre-tax earnings, Chairman & Managing Director Gautam Hari Singhania said.

The September series began on a positive note, with the index hitting an all-time high, fueled by improved sentiment around Indian equities. The recent swing high breakout suggests continued strength if the index remains above 25,000. A fall below this level could lead to a significant correction. In the short term, optimism may drive the index towards 25,500–26,000.

As September begins, the Indian stock markets may experience a period of volatility in the coming week, largely driven by global and domestic factors.

Rallying for the ninth straight session on Friday, the 30-share BSE Sensex climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61 per cent to hit a record intra-day peak of 82,637.03.