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Our selection focused on stocks with a m-cap below Rs 1,000 crore, a share price under Rs 20, and a trading volume exceeding 5 lakh shares.

While September is likely to see continued interest from FPIs, the flows would be shaped by a combination of domestic political stability, economic indicators, global interest rate movements, market valuations, sectoral preferences, and the attractiveness of the debt market, Vipul Bhowar, Director Listed Investments, Waterfield Advisors, said.

Ecos Mobility and Hospitality shares are expected to be listed on the exchanges on September 4. In the unlisted market, the shares are trading with a grey market premium (GMP) of Rs 160, reflecting a 48% premium over the issue price.

"In August, Nifty experienced significant volatility, with 12 trading sessions opening either with a major upside or downside gap. Throughout the month, it has fluctuated over a 1,300-point range, underscoring the heightened market volatility. Despite this, the index reached new all-time highs and closed the month above the significant psychological level of 25,200."

The IPO of Bajaj Housing Finance will open for subscription from September 9 to September 11. The company aims to raise around Rs 6,560 crore, with Rs 3,560 crore from a fresh equity sale and Rs 3,000 crore from an offer for sale (OFS). The price band will be announced soon. The offer reserves 50% for QIBs, 15% for non-institutional investors, and 35% for retail investors.

The bonus shares, once allotted, will rank pari passu with the existing equity shares in all respects. They will carry the same rights and will be entitled to participate fully in any dividends and other corporate actions.

The Indian rupee ended little changed on Friday as dollar demand from state-run banks offset the potential impact of inflows into local equities. The rupee closed at 83.8625 against the US dollar, nearly flat compared to its previous close of 83.87. While most Asian currencies rallied between 2% and 6% in August, the rupee weakened by 0.2%, marking its second consecutive monthly decline.

Sectorally, buying was seen in utilities, healthcare, and realty stocks.

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Gold investors will watch if the metal can maintain its rally or if it will follow the trend of September declines, averaging 3.2% since 2017. September is also weak for U.S. stocks, with a 1.5% S&P 500 drop historically.