Fitch Ratings affirmed the US sovereign credit rating at AA+ with a stable outlook, citing economic resilience and the dollar’s reserve-currency status. However, the agency flagged persistent fiscal deficits, elevated inflation, rising interest costs and weakening labour demand as key risks, with the US deficit forecast at 7.4% of GDP in 2026.
Gold and silver prices declined on the MCX as investors booked profits after a sharp rally, with silver falling Rs 5,000 over two days and gold down Rs 2,600 per gram. Analysts expect near-term profit booking in gold, while silver could move towards Rs 2,40,000 per kg amid strong investment demand and geopolitical uncertainty.
South Korean shares were poised to end a seven-week losing streak, with the Kospi rising 0.82% to a three-week high, supported by AI-driven chip gains and stronger U.S. technology stocks. SK Hynix and automakers advanced, while Samsung Electronics slipped. Foreign investors bought stocks, while easing U.S. inflation boosted market sentiment.
Milky Mist Dairy Food’s Rs 1,553-crore IPO is likely to see allotment finalised today after receiving 56.12-times subscription. Its GMP stands at Rs 26, implying a potential 19% listing gain. Shares are scheduled to list on the BSE and the NSE on August 18.
Behari Lal Engineering’s Rs 302-crore IPO enters its final bidding day with strong investor demand and a 28% grey market premium. The issue was subscribed 7.78 times on Day 2, led by NIIs and retail investors. Allotment is expected on August 17, with listing scheduled for August 19 on NSE and BSE.
Skyways Air Services will launch its ₹582.8 crore IPO on August 24, with the price band set at ₹131–138 per share. The issue will close on August 27 and comprises a ₹398.8 crore fresh issue and ₹184 crore OFS. Proceeds from the fresh issue will be used to strengthen the balance sheet, reduce debt and meet working capital needs.
Brent crude futures were down 30 cents, or 0.34%, at $86.77 a barrel, while US West Texas Intermediate (WTI) crude futures gained 34 cents or 0.42% to $80.92 a barrel. Both benchmarks had dropped more than 2% in the previous session, ending a six-session winning streak for Brent and a five-session run of gains for WTI. Despite the decline, both were headed for weekly gains of around 4%.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources
The public issue, which was open for subscription between August 7 and August 11, was subscribed 8.38 times overall. The retail investor portion was booked 1.71 times, while the qualified institutional buyers (QIB) category saw 16.84 times subscription and the non-institutional investor (NII) segment was subscribed 12.64 times.
The Indian rupee remained stable on Thursday, closing near its previous level. Dollar sales by the Reserve Bank of India kept the local unit within a tight range. Demand from maturing forwards and debt outflows added pressure to the currency. Traders observed a narrow trading band, anticipating further Reserve Bank of India intervention. One-month implied volatility fell to its lowest point since early March.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.