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US stocks today: Nasdaq, S&P 500 rise as Nvidia revives AI rally; Fed outlook in focus
Nvidia's strong revenue forecast revived the AI trade and lifted the Nasdaq and S&P 500, but Wall Street's focus is quickly shifting to Fed Chair Kevin Warsh's Jackson Hole speech. Fresh inflation data and a resilient labour market have complicated the interest rate outlook, leaving investors weighing AI optimism against monetary policy risks.
Banks, companies better positioned to weather next downturn: CS Setty, SBI, Chairman
The chairman of the State Bank of India underscores the nation's economic resilience, emphasizing the bank's robust standing in the financial sector. With a growth forecast of 7.5% and inflation consistent with RBI predictions, SBI is gearing up for a remarkable 14-15% rise in credit, driven by retail and SME sectors. The bank is also focusing on enhancing its fee income while aiming for a 1% return on assets.
HDFC Bank's CEO call gains urgency as Sashidhar Jagdishan's term nears end
The timeline stands in contrast to Jagdishan's previous reappointment. HDFC Bank's board had recommended a fresh three-year term for him on March 4, 2023, nearly eight months before his first tenure was due to expire. The Reserve Bank of India approved the appointment in September that year.
Banks, FIU-IND work on sharper framework to flag money mule accounts
Banks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by the principal officer. Artificial intelligence and machine learning tools are now being deployed. This initiative follows parliamentary committee recommendations for accountability. The goal is to recover funds and prevent financial system misuse.
Fed's Collins says latest US inflation readings are 'mixed'
US Federal Reserve officials offered differing views on the inflation outlook, with Boston Fed President Susan Collins calling Julys data mixed and maintaining her expectation of gradual disinflation. Cleveland Fed President Beth Hammack remained more hawkish, saying inflation could stay above target through next year and reiterating that a rate hike is needed.
Equity mutual fund returns can vary sharply across categories and schemes. Over a 10-year SIP period, some small-cap and mid-cap funds emerged among the top performers, while certain large-cap, value and flexi-cap schemes featured at the lower end.
Why are Indian investors increasingly choosing index funds over their 'cheaper cousin' ETFs?
Index funds are becoming increasingly popular among retail investors in the passive investing segment. Here's why Indian investors are choosing index funds over ETFs despite the latter being a cheaper option.
HDFC Bank staff help prevent Rs 1.12-crore 'digital arrest' fraud
HDFC Bank employees took swift action to block a potential digital scam targeting elderly clients. An attentive staff member noticed an anxious couple trying to send a hefty amount of money while on a video call with someone unknown. Reacting promptly, the bank team identified the suspicious activity and successfully protected the seniors from losing Rs 1.12 crore, showcasing their commitment to customer safety.
A wife sought 4 lakh per month as maintenance for herself and the children at the Gurgaon Family Court. She also asked for 7.5 lakh as litigation expenses. The husband claimed that his annual income had fallen to 36 lakh with other liabilities.
Some stocks and mutual funds may remain in your portfolio despite prolonged underperformance. These zombie investments may no longer fit your strategy or goals. Here's how investors can spot warning signs and review whether such investments still deserve a place in their portfolio.
Priority Jewels IPO: Co raises Rs 27 crore from Whiteoak Capital and others in anchor round
Priority Jewels secured Rs 27.45 crore from anchor investors before its upcoming public offering. The company's initial public offering will open for subscription on August 28, 2026. This maiden public offer aims to raise funds for working capital and general corporate needs.
Nvidia shares extend gains, jump 7% as blockbuster earnings revive AI trade ,
Nvidia shares jumped about 7% after strong quarterly results and a bullish revenue forecast eased concerns over slowing AI spending. The chipmaker reported $96.2 billion in second-quarter revenue and expects about $108 billion in the current quarter. Its 70% fiscal 2028 growth outlook further strengthened investor confidence in the AI trade.
ESDS Software raises Rs 216 crore from anchor investors ahead of IPO; Quant MF among top buyers
ESDS Software Solution raised Rs 216 crore from anchor investors ahead of its Rs 720 crore IPO, opening August 28. Priced at Rs 408-429, the fresh issue will fund cloud computing equipment, data centre infrastructure and corporate needs.
Sebi proposes merchant banker exemption for small-value private debt issues
Sebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising small-value debt privately. The move aims to cut costs and delays, while safeguards would restrict exemptions to regulated companies issuing senior secured debt rated AA- or higher.
HDFC Bank shares fall as US lawsuit adds to leadership succession concerns
Shares decline around 2 per cent as a US securities fraud class-action lawsuit and uncertainty over MD & CEO Sashidhar Jagdishan's succession weigh on sentiment
Bitcoins Uptober test: Will Augusts rebound turn into a lasting rally?
Bitcoin's sharp rebound from its July low has revived hopes of an Uptober rally, but analysts say sustained ETF inflows, institutional demand, regulatory clarity and Fed policy will matter more than seasonality. Bitcoin remains about 37% below its October 2025 record high, keeping the path towards a fresh peak challenging.
Gifting an SIP to your sister this Raksha Bandhan? Rules, tax traps and how to do it the right way
The simpler approach is to gift the money to your sister and allow her to invest it through an SIP from her own bank account.
HDFC Bank mulls NCLAT appeal over Subhash Chandra insolvency order
HDFC Bank plans to appeal a bankruptcy court ruling concerning Subhash Chandra. The court approved a repayment plan with a 99.97 percent haircut for lenders. HDFC Bank's claim of Rs 680 crore saw only 3.2 percent admitted. Lenders faced negligible recovery against over Rs 22,000 crore in admitted claims. The NCLT rejected objections, citing the debtor's estate value and potential future recovery.
NSE IPO: Sebi approval likely soon, says chairman Tuhin Kanta Pandey
NSEs much-awaited IPO could be nearing launch as Sebi chairman Tuhin Kanta Pandey says approval of its DRHP is close. The entirely offer-for-sale issue involves 148.9 million shares, or 6% stake, with valuation potentially reaching 5.26 lakh crore.
We used an EPF calculator to calculate how a 30-year-old can potentially accumulate over 4 crore for retirement by contributing 12% of a monthly salary of 80,000.
Passive funds: Kotak MF suggests where to put your money across market caps, commodities and sectors
Kotak Mutual Fund has highlighted passive investment opportunities amid market correction, spanning indices, commodities, sectors and themes. Heres what the fund house has suggested and how investors should approach this.
Lenskart shares block deal: Alpha Wave Ventures II likely to sell 1.2% stake worth Rs 1,313 crore
Alpha Wave Ventures II plans to sell up to 20.8 million Lenskart shares worth 1,313 crore at 630 apiece, a 1.7% discount. The secondary transaction represents about 1.2% stake, with Lenskart receiving no proceeds from the sale.
NRIs cannot make fresh investments in Sovereign Gold Bonds but can continue holding SGBs bought while they were residents. They can invest in physical gold, gold mutual funds, e-gold and Gold ETFs, subject to applicable rules.
Nvidia ignites chip stock rally as forecast shows AI boom is intact
Nvidia has calmed investor anxieties regarding the AI surge, forecasting a remarkable seventy percent increase in revenue for the upcoming fiscal year. This optimistic outlook highlights sustained investments in artificial intelligence technology. Following this development, shares of other AI-related chip manufacturers also rose, with Nvidia witnessing a substantial one-day boost in its market capitalization.
Sensex sees sharp CAS swings on monthly expiry; Sebi rules out changes
Sensex's indicative price fell more than 2,000 points during the Closing Auction Session before recovering; traders blamed CAS, but Sebi ruled out changes
Sebi chairman says regulator 'close' to approving NSE's long-awaited IPO
Tuhin Kanta Pandey says Sebi is close to approving NSE's IPO documents; regulator is also working on rationalising settlement, margin and risk-management provisions
GK Energy secures contract worth Rs 454 cr for rooftop solar PV projects
GK Energy announced that it has received a Letter of Empanelment (LOE) from a leading State Government-owned power distribution utility for Grid Connected Rooftop Solar Photovoltaic Projects.
Wipro extends partnership with Google Cloud
For accelerating enterprise-wide adoption of Gemini Enterprise and agentic AI
Sebi chief Tuhin Kanta Pandey clarifies on CAS changes after big Sensex expiry-day swing
Sebi Chairman Tuhin Kanta Pandey said the regulator has no plans to change the Closing Auction Session despite sharp expiry-day swings. Sebi expects participation and understanding to improve, while monitoring liquidity concerns and alleged manipulation. NSE IPO approval is also nearing.
Balanced advantage funds raise equity exposure to multi-year highs
Large BAFs have raised equity allocations as valuations improve after time and price corrections, alongside improving earnings expectations and resilient domestic macros
Tata Power Renewable Energy commissions 72.5 MW captive project at Kalasar, Rajasthan
Deccan Gold Mines' investment in Altyn Tor Gold Project reaches production stage
Deccan Gold Mines announced that the Altyn Tor Gold Project, operated through its Kyrgyz subsidiary Avelum Partner LLC, has been included in the national inauguration programme of the Kyrgyz Republic scheduled for 11 September 2026, as part of the country's Independence Day celebrations.
Calcutta Stock Exchange seeks Sebi nod for trading comeback
The 118-year-old Calcutta Stock Exchange is seeking Sebi guidance on reviving equity trading through interoperability or a new clearing corporation. The bourse is evaluating regulatory compliance options, with interoperability via NSE or BSE potentially offering a faster route.
US earnings cycle no long carried by Mag7 as profits spreads across S&P 500
US earnings momentum is broadening beyond the Magnificent 7, with S&P 500 CY27 EPS estimates rising nearly 22% year-on-year. Stronger revenue growth, margin expansion and upgrades across sectors suggest the next market phase could feature wider earnings participation.
Happiest Minds Technologies shares fall 6% as reports suggest ITC Infotech may buy promoter stake
Happiest Minds Technologies shares fell 6.16% after reports that ITC Infotech may acquire a 22% promoter stake. The stock settled at Rs 420.25, while investors weighed the potential transaction against the companys recent profit and revenue growth.
Nvidia at heart of data centre revolution, says BNP Paribas; sees 36% upside
BNP Paribas has issued an outperform rating on Nvidia with a target price of $285, implying a 36% upside. The brokerage highlighted Nvidia's role in the data centre revolution, accelerated computing, strong Q2 financial results, and robust demand for its Blackwell and Vera Rubin platforms despite supply chain constraints.
For employees with a substantial home loan, tapping into a portion of their EPF corpus may appear to be a useful option. The money can be used to reduce the outstanding loan, cut the overall interest burden and potentially ease monthly financial pressure.
US stocks today: Nasdaq leads Wall St after Nvidia quells AI fears
Wall Street opened higher on Thursday as technology stocks rallied following Nvidia's strong revenue forecast. The gain restored investor confidence in the broader artificial intelligence rally, lifting the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite at the opening bell, driven by robust buying across semiconductor and tech shares.
India Ratings forecasts bank credit growth at fifteen percent for fiscal year twenty twenty-seven. Lenders will face profitability challenges due to new provisioning requirements. Deposit growth is expected to increase, helping to moderate loan-to-deposit ratios. Non-banking finance companies will focus on asset quality amid global headwinds.
Markets slips for second straight day; Jackson Hole, CAS takes centre stage
Sensex ends at 76,933.59, down 0.70%, while the Nifty 50 settled at 24,090.85, off 116 points or 0.48%, its weakest close in six sessions
India Ratings lifts bank credit growth forecast, but warns of margin pressures
India Ratings maintained a neutral outlook on the banking sector, saying the latest 19.3% credit growth is being driven largely by lower-yielding corporate and NBFC loans rather than a broad-based acceleration in lending.
Wipro ADRs rise 5% after company expands Google Cloud AI partnership
Wipro ADRs gained 5% pre-market after expanding its Google Cloud partnership to scale Gemini Enterprise and agentic AI adoption. The company will deploy AI internally, train 10,000 specialists and help enterprises embed autonomous agents across core business workflows.
NPS offers four asset classes and two investment options. While Active Choice lets you decide how your money is allocated, Auto Choice adjusts the allocation based on your age. Heres what you need to know about the available asset classes and allocation limits.
Solar Industries among 5 stocks hitting 52-week highs; surge up to 22% in a month
Five BSE 200 stocks hit fresh 52-week highs on Thursday despite a weak market. Divis Laboratories led the pack with a 22% monthly gain.
Indian sugar prices down 25% over the past week at the mill level
Retail prices show signs of easing as government measures to tackle the surge begins to pay dividends
Realty firm iUSTUS to develop 25 lakh sq ft of residential, commercial real estate in Bengaluru
Realty firm iUSTUS is set to embark on an ambitious project, developing a staggering twenty-five lakh square feet across South and East Bengaluru. Committed to excellence in quality construction and professional execution, the founders, Pawan Sawhney and Santosh Soni, leverage their extensive real estate backgrounds to foster lasting value for both communities and homebuyers.
India bonds wobble as supply, RBI cash-drain risks loom
On Thursday, investor appetite for Indian government bonds dwindled amidst fears of increased supply and concerns over RBI's liquidity stance. The results from the treasury bill auction reflected weak demand, driving yields upward. Speculation is building that the Reserve Bank of India may take steps to curtail excess liquidity, preparing for possible policy adjustments as inflationary pressures rise. Market analysts predict interest rate hikes within the next year.
Jackson Hole 2026: What to expect from Fed chair Kevin Warsh as markets stay on edge
Federal Reserve Chair Kevin Warshs first Jackson Hole speech comes as markets grapple with sticky inflation, elevated oil prices and shifting rate expectations. Investors will watch for clues on the Feds policy path, while the dollar, Treasury yields and gold could react sharply to any change in Warshs tone.
Young salaried investors with EPF may still consider NPS to add market-linked growth and diversify their retirement savings. Experts say starting early can help, but investors should build an emergency fund before significantly increasing NPS contributions.
Zerodha founder Nithin Kamath has raised concerns over the rapid growth of its MTF business, which now stands at 9,000 crore. While the facility boosts buying power, Kamath says it may not suit most investors and could pose risks if markets fall sharply.
Sebi proposes scrapping merchant banker requirement rule for small-ticket debt via private placement
Sebi has put forth a proposal to exempt small-value debt issuances from the requirement of appointing merchant bankers. This initiative is designed to lower compliance costs and foster market growth for listed companies. To qualify, issuers must be regulated and have been listed for a minimum of one year, along with providing an auditors certificate to confirm no recent defaults.
Monthly Expiry shock: Did CAS fail its biggest test after Sensex loses 2,000 points in 6 minutes?
The Sensex witnessed a sharp late-session swing of over 2,000 points in six minutes on Thursday, raising fresh questions about the Closing Auction Session (CAS) on its first monthly derivatives expiry. The Nifty also ended lower as thin auction-window liquidity amplified volatility and drew renewed regulatory scrutiny.
PM Jan Dhan Yojana turns 12 with 59 crore accounts, 3.17 trillion in deposits
PMJDY accounts come with no minimum balance requirement or maintenance charges. Account holders are provided a RuPay debit card carrying an accident insurance cover of 2 lakh and are eligible for an overdraft facility of up to 10,000.
Indias media and entertainment industry set to grow to $36.7 billion by 2030
India's entertainment and media market is projected to grow from $25.7 billion in 2025 to $36.7 billion by 2030, driven by digital ecosystems and technology. Key areas include internet advertising and OTT, with new monetization models enhancing revenue potential across traditional and digital media.
JSW MG Motor India targets 1M vehicles, eyes fresh funding
JSW Group and China's SAIC Motor are in discussions for the next round of capital support for JSW MG Motor India, aiming to expand manufacturing capacity beyond 220,000 units annually to an ambitious one million vehicles and broaden its new-energy vehicle (NEV) portfolio.
Billionaire Agarwals Vedanta plans third rupee bond this year
Vedanta plans to raise at least Rs 1,000 crore through rupee bonds with maturities of three to seven years, mainly to refinance debt. It would be the groups third domestic bond issue this year. The planned borrowing comes as Indian companies increasingly tap bond markets amid expectations of possible interest-rate hikes later this year.
Rupee ends lower at 95.55 as strong dollar offsets easing crude prices
Forex traders expect the rupee to remain range-bound, while foreign inflows and the upcoming Jackson Hole speech remain key market cues.
When borders blur: Inheritance challenges in NRI marriages
A single estate may be subject to different legal regimes, resulting in succession complexities.
Markets push back BoE rate hike expectations to February 2027
As bond yields fall, markets are revising their expectations for the Bank of England's rate hikes. Investors now foresee a modest quarter-point increase by February 2027, with less than four basis points anticipated for the upcoming September meeting. The persistent inflation coupled with a weakening labor market is adding complexity to the monetary policy landscape, keeping a keen eye on economic indicators and central bank cues for future actions.
Bikaji Foods ties up with global bakery expert Khaleel, transfers 30% stake in baking subsidiary
Through BBPL, the two partners aim to introduce international-standard bakery practices and products to the Indian market
Rupee dips, reversing intraday gains, as importer dollar demand dominates
The Indian rupee declined on Thursday, reversing early gains against the dollar. Importer dollar demand increased, and month-end pressures also contributed to the fall. A modest recovery in the dollar index further dampened the rupee's momentum. Banks absorbed two days of inflows after a holiday, increasing swap costs. The rupee had previously seen its biggest single-day rise after oil prices slipped.
Fintech firm Paramotor Digital Technology secures SEBI nod for IPO
Capital Group, Aberdeen Investments buy 2.4% stake in Welspun Corp for 1,433 crore
Welspun Corp shares hit a 52-week high after investors acquired 63 lakh shares, while promoter holdings declined following the transactions
India Incs revenue growth to moderate to 13-15% in Q2 FY27; margins under pressure: ICRA
India Incs revenue growth is expected to moderate to 13-15% in Q2 FY27 from 21.3% in Q1, ICRA said. Higher input costs could squeeze margins, while domestic consumption supports growth and weak global demand pressures export-oriented sectors.
Indian equities fell sharply on Thursday, erasing gains during the first monthly expiry under the new closing auction session. Sensex dropped 539 points, or 0.7%, while Nifty declined 117 points, or 0.48%. HDFC Bank and NTPC led losses, while Kotak Mahindra Bank, ICICI Bank and Tech Mahindra gained.
Sembcorp Green Infra files for 3,750 crore IPO to cut debt
Financially, SGIL reported revenue from operations of 2,652 crore in FY26, up from 2,249 crore in FY24
Prudential offloads 2% stake in ICICI Prudential AMC; stock slides 3.8% in bulk deal
The deal, executed by ICICI Securities, is entirely secondary, meaning no new capital will be raised for the company
Mint Explainer | Crop loss or diversion for ethanol: what's driving sugar prices?
The sugar price spike comes just ahead of the festive season, when consumption typically rises. Is it a result of lower production or diversion of sugar to ethanol?
13 midcap stocks deliver over 25% profit growth for two straight quarters; shares surge up to 118%
Thirteen BSE midcap stocks delivered over 25% year-on-year profit growth for two consecutive quarters and gained 40%-118% over the past year, signalling strong earnings momentum and investor interest.
Aragen Life Sciences files draft papers with Sebi to raise funds through IPO
Aragen Life Sciences has filed its DRHP with Sebi for an IPO comprising a Rs 800 crore fresh issue and an OFS. Proceeds will fund debt repayment, capacity expansion and equipment purchases. The CRDMO reported strong FY24FY26 growth, with revenue reaching Rs 2,178 crore and profit Rs 258 crore in FY26.
Global Market: European shares steady as Nvidia boost offsets consumer, auto weakness
European shares were largely flat as gains in technology stocks, fuelled by Nvidias upbeat revenue outlook, offset declines in consumer goods, chemicals and automobile stocks. Investors also tracked Middle East developments and falling oil prices, with hopes of progress in talks involving Iran and Qatar potentially easing concerns over energy supply disruptions.
HDFC Bank shares fall 2% to fresh 52-week low, tumble 30% in 10 months. What lies ahead?
HDFC Bank shares fell to a fresh 52-week low after a US investor filed a securities fraud class-action lawsuit against the bank and two senior executives. HDFC Bank called the allegations meritless and said it would defend the case vigorously, adding to recent concerns weighing on the stock.
Mint Explainer: Why India wants to indigenize SCADA systems
Mint explains the move and the challenges amid concerns over imported systems used in electricity distribution and transmission.
PMJDY completes 12 years, records opening of more than 59 crore accounts
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FPIs pump in over Rs 27k cr in Aug; highest monthly flow since Sept 2024
Despite being net buyers for the past two months, FPIs are still net sellers in Indian equities thus far in 2026 with their net sales totalling Rs 2.27 trillion ($24.31 billion) in CY26, data shows.
B.R.Goyal Infra secures Rs 119.85 crore toll collection contract from NHAI
B.R.Goyal Infrastructure said that it has received a Rs 119.85 crore work order from NHAI for a one-year engagement as user-fee collection agency at the Surapattu Fee Plaza on the Chennai Bypass in the state of Tamil Nadu.
Market trade lower; metal shares lacklustre
Metal stocks retreated after advancing in the previous session
Want to build a passive portfolio? Know whether ETFs or index funds are better for you
ETFs and index funds offer low-cost passive investing but differ in trading, liquidity, costs and SIP convenience. Heres how investors can choose between the two based on their needs.
Sterlite Technologies zooms 721% in 7 months; what's behind massive rally?
Sterlite Technologies (STL) share price was locked at the 5% upper circuit at 695.20 on the BSE in Thursday's intra-day deals in an otherwise weak market.
Can a father's child maintenance liability be reduced if the mother is earning? SC clarifies
The Supreme Court ruled last week that a mother's income cannot solely justify reducing a father's financial obligation for child maintenance. Here's all you need to know about the case.
RBI's new framework to ease loan comparisons: How will transparency benefit borrowers?
The RBI proposed clearer rules for banks and NBFCs on loan spreads and APRs to enhance transparency in borrowing. The draft intends to establish a unified framework by 2027, allowing better comparison of loan costs, including a ceiling on APR for small loans.
Tempsens IPO eyes blockbuster debut post 184x bids; what drove demand?
Tempsens Instruments' IPO garnered bids for 279.44 crore shares as against 1.51 crore shares on offer, resulting in a subscription of 184.07 times.
Lightspeed Venture Partners exits PhysicsWallah with 550 crore stake sale
Institutional investors bought shares sold by the US-based investor, shortly after the edtech company reported stronger revenue and a narrower quarterly loss.
Investing for the medium term? PL Capital favours these 3 sectors
Over the medium term (6-24 months), PL Capital said that it prefers large private banks, capital goods, and consumer durables.
NABARD, NaBFID sign MoU for funding rural infrastructure projects
NABARD and NaBFID have signed an initial pact to strengthen collaboration. This agreement focuses on financing infrastructure projects with significant rural impact. The memorandum provides a framework for joint financing and knowledge sharing. Key areas include water, sanitation, irrigation, and post-harvest storage facilities. This partnership aims to advance rural prosperity and bridge the rural-urban divide.
Todays Gold Rate, Aug 27: Check gold rates in Delhi, Mumbai, Chennai
22, 24 carat Gold prices down across metro cities on August 27
These midcap banks trade up to 94% away from record highs; what charts say?
Midcap bank stocks - Yes Bank, IndusInd Bank and Bank of India are trading up to 50-94% away from their respective all-time highs even as the Nifty Midcap quotes at new peaks, shows data.
