Indian equities snapped a seven-session losing streak on Thursday, with the Sensex and Nifty closing sharply higher. Falling US bond yields, short-covering and improved sentiment supported the rebound, while broader markets also gained. Realty stocks led sectoral advances, whereas PSU banks lagged amid marginal weakness in select heavyweight stocks.
Sunshine Pictures’ Rs 282-crore IPO drew overwhelming demand, subscribing 105.81 times. Allotment is expected on August 21, with listing scheduled for August 25 on BSE and NSE. The latest grey-market premium of Rs 80 suggests potential 22% gains. Investors can check allotment via Bigshare, NSE or BSE using PAN or application details.
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This month, foreign investors have significantly channeled capital into Indian financial stocks, while also increasing their investments in automobiles and consumer services, marking a clear shift in sector preference. Notably, healthcare and IT sectors have drawn substantial foreign interest, in contrast to sizeable foreign sell-offs in telecom and capital goods. This trend highlights a noticeable inclination towards more defensive and liquid market areas.
Oil prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US and Iran are creating disruptions in oil supply throughout the Middle East. While Brent crude futures have seen a slight uptick, WTI futures registered a small decline. Rising fears about supply constraints from key producers are contributing to these price fluctuations.
In an interaction with Kshitij Anand of ETMarkets, Advani also discusses why NRIs remain under-allocated to Indian equities, how they should choose between NRE and NRO accounts, the role of REITs and InvITs, and how a ₹1 crore NRI portfolio could be structured for a 5–7-year investment horizon.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Monday, making them eligible for the stock split.
An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. President Donald Trump also threatened economic retaliation against countries supporting Iran.
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