Market News

Foreign investors return to Indian stocks with $3.2B August inflow

Foreign Portfolio Investors (FPIs) returned to Indian equities in August with inflows exceeding $3.2 billion, led by purchases in Consumer Services, Financials, and Healthcare sectors. The rebound raises questions about whether the buying momentum can persist into September for a third consecutive month, with analysts suggesting substantial additional capital could flow in if global funds restore neutral positions.

ITC's Tobacco Business Trading at Discount, Says Kotak Securities

Kotak Institutional Equities estimates ITC's tobacco division is valued at just 11X forward earnings, suggesting the market may be undervaluing the conglomerate. The brokerage believes a potential separation of tobacco and non-tobacco operations could unlock substantial shareholder value.

Three Candidates Emerge in Race to Succeed Tata Sons Chairman

Three names have surfaced as potential successors to N Chandrasekaran in the chairman race at Tata Sons, India's largest conglomerate. The succession planning process indicates the group is preparing for potential leadership transition at its apex holding company.

Foreign investors pour $3.2B into Indian equities in August

Foreign portfolio investors deployed over $3.2 billion into Indian equities during August, their strongest monthly inflow since September 2024, with Consumer Services emerging as the primary beneficiary. The broad-based buying across multiple sectors signals renewed confidence in Indian markets, though Telecom and Power sectors continued to face outflows.

Former Tata Technologies CEO McGoldrick offloads Rs 165 crore in share sale

Patrick McGoldrick, former CEO of Tata Technologies, sold shares worth Rs 165 crore, reducing his stake in the company to 0.62 percent. Mutual funds and asset management firms acquired the shares at Rs 785 each.

Bitcoin Holds Near $79,000 Ahead of Crucial US Inflation Report

Bitcoin traded near the $79,000 level as market participants positioned ahead of upcoming US inflation data that could significantly influence Federal Reserve policy decisions and cryptocurrency valuations. The reported strengthening of institutional crypto demand through ETF inflows contrasted with declines in Ethereum and major altcoins amid mixed macroeconomic signals.

Abu Dhabi Fund's Indian Stocks Surge 107% Despite Portfolio Dip

The Abu Dhabi Investment Authority's Indian equity portfolio grew 2% to Rs 3,792 crore in calendar year 2026, with six holdings posting gains ranging from 10% to 107%, led by Paras Defence. The portfolio also experienced declines in several positions including Firstsource Solutions, DOMS Industries, Star Cement, and Samhi Hotels, while Jupiter Life Line was newly introduced as a holding.

Nikhil Kamath's WTF Ventures Clarifies Identity Separate from Brother Nithin

Nikhil Kamath's expanding presence through WTF (his investment venture) and WTFund has resolved long-standing confusion between the two Kamath brothers in Indian financial circles. The clarification comes as Nikhil marks his 40th birthday, with Nithin reflecting on Zerodha's early growth milestones.

Nifty Faces Sustained Bearish Pressure; Key Support Levels Tested

India's Nifty index continues to experience bearish pressure following its fourth consecutive weekly decline, with analysts identifying critical support and resistance zones that will determine the near-term direction. Bank Nifty remains range-bound while volatility is expected to remain subdued, with BSE, Groww, and Angel One awaiting decisive breakouts to signal clearer market direction.

Nifty Faces Bearish Pressure; Key Support Levels Tested

India's Nifty index is showing limited signs of sustained recovery following its fourth consecutive weekly decline, with technical analysts identifying 23,750-23,700 as crucial support levels and 24,150-24,200 as resistance. According to market commentary, volatility is expected to remain subdued while Bank Nifty continues its range-bound trading pattern, with stocks including BSE, Groww, and Angel One awaiting decisive breakouts for directional clarity.

Motilal Oswal AMC Shifts Focus Away From Banks, IT Stocks

Motilal Oswal Asset Management Company is reducing exposure to large banks, IT firms, and FMCG stocks while increasing allocation to high-growth sectors including defence, renewables, and hospitals. The fund house is pursuing a concentrated, high-beta strategy aimed at capturing sustained earnings growth and generating alpha returns.

Karamtara Engineering IPO set at Rs 241-254 price band

Karamtara Engineering, a renewable energy and transmission products manufacturer, has launched an IPO of Rs 875 crore with a price band of Rs 241-254 per share, with subscription opening on September 9. The company's strong FY26 growth and diversified manufacturing portfolio position it to expand across global markets.

GQG Partners' Adani Energy Sale Disrupts Hedge Fund Index Bets

GQG Partners' sale of its Adani Energy Solutions stake during MSCI's rebalancing auction overwhelmed passive-fund demand, contributing to a 10% stock decline and disrupting hedge fund positions betting on index-driven buying. Approximately $569 million of shares changed hands as GQG's stake fell to 3.46% by August-end.

Ambani's Jio Platforms IPO valuation faces credibility questions

Mukesh Ambani is positioning Jio Platforms for an IPO with a potential valuation between $120-140 billion, emphasizing its technology portfolio including thousands of patents and AI capabilities beyond its telecom operations. However, skepticism persists regarding whether the company's intellectual property and technology ambitions can justify such a high valuation.

US stocks end lower as strong jobs data boost Fed rate hike bets

US stock markets closed lower on Friday following a stronger-than-expected jobs report that increased market expectations for a Federal Reserve rate hike this month. The move reflects the classic inverse relationship between positive economic data and equity valuations when such strength signals more aggressive monetary policy ahead.

Fosun Pharma divests 6% stake in Gland Pharma for Rs 2,800 crore

Fosun Pharma sold a 6% stake in Gland Pharma through a block deal valued at Rs 2,800 crore, with major institutional buyers including Kotak, Axis, and ICICI Prudential Mutual Funds. The transaction reduced Fosun's holding in the pharmaceutical company to 45.77%, while Gland Pharma shares closed higher following the announcement.

Lululemon shares tumble 20% as CEO overhaul risks weigh on outlook

Lululemon's stock plunged approximately 20% following the company's second full-year forecast reduction, reflecting mounting investor concerns over extended turnaround efforts under incoming CEO Heidi O'Neill. The athleisure retailer faces headwinds including weakening sales, margin compression, increased promotional activity, and intensifying competition from rivals such as Alo Yoga and Skims.

South Korean shares gain on chip rally despite third weekly loss

South Korean equities rose 0.85% on Friday, driven by gains in semiconductor giants Samsung Electronics and SK Hynix, though the KOSPI index remained positioned for its third consecutive weekly decline. The mixed performance reflects ongoing tension between sector strength and broader market headwinds from elevated bond yields.

Reliance shares down 17% despite strong refining margins

Reliance Industries' stock has declined 17% despite robust refining and petrochemical margins, as investors shift focus toward long-term growth drivers including Retail recovery and New Energy ventures. The market's concern centers on the company's free cash flow generation capability and valuation tied to future business performance.

Calcutta Stock Exchange shares double on revival prospects

Calcutta Stock Exchange's unlisted shares more than doubled over three months as the bourse pursues a revival strategy, seeking to pause its voluntary exit process and expand into multiple asset classes. The turnaround bid requires regulatory clearance and potential anchor investor backing.