The Economic Times

Systematix Research has initiated coverage of five affordable housing finance companies with Buy ratings, seeing 28-48% upside from current levels. The brokerage expects the sector to benefit from low mortgage penetration, rising incomes and urbanisation, with most covered companies projected to deliver loan growth in the low-to-mid-20% range through FY29.

Northern Arc Capital shares surged after 1.21 crore shares changed hands in a large block deal during the morning session. The stock hit an intraday high of 315 and remained above its opening price and VWAP around noon, indicating that the early gains held through the session.

Indias new 20-minute closing auction system is facing renewed scrutiny after the Sensex briefly plunged nearly 3% during Thursdays session, highlighting concerns over thin liquidity and price volatility. Introduced on August 3 to improve price discovery and align India with global markets, the system has also come under SEBIs lens following an alleged market-manipulation case.

Jefferies prefers Kaynes Technology over Dixon Technologies as India pushes to deepen domestic electronics component manufacturing. The brokerage has a Buy rating on Kaynes Tech, while maintaining Hold calls on Dixon and Syrma SGS Technology. It expects stronger competition for mobile assembly players and advises caution on Syrma after its sharp rally.

The stock market saw marked declines on Monday, particularly among smallcap and midcap shares. Persistent Systems and National Aluminium Company experienced prominent losses, contributing to the negative performance of the Nifty Midcap 100 and Smallcap 100 indices. Influenced by the Federal Reserve's remarks and increasing oil prices, investors are pivoting to prioritize growth opportunities over traditional value stocks.

2026 may be remembered as the year some of its most recognisable boardroom faces began walking out.From Tata Sons and HDFC Bank to Godrej Consumer Products, Air India, Eternal and Biocon, a string of high-profile exits has reshaped leadership at some of India's most prominent companies.The churn has not been confined to traditional businesses either. At Meta and Uber, two of the most influential technology executives in India have moved on both to OpenAI, underlining a second, more intriguing t

Priority Jewels IPO has attracted strong demand on Day 2, with the issue subscribed 15.61 times. The IPO is also commanding a 23% grey market premium, signalling potential listing gains. With the issue fully priced at 20.5x FY26 P/E, Anand Rathi has recommended subscribing to the IPO for long-term gains.

A Delhi court sentenced Sukesh Chandrasekhar to eight years rigorous imprisonment. He impersonated a Supreme Court judge to influence a bail proceeding. The court emphasized the need to protect the justice system's integrity. Chandrasekhar received consecutive sentences for impersonation and threat charges. This ruling sends a strong deterrent message to potential offenders.

Five Chinese students have developed DiveGuard, a low-cost underwater communication system that uses acoustic signals to let divers and surface teams exchange short text messages. The project was a finalist at the 2026 Conrad Challenge Innovation Summit and received a Power Pitch Award.

India needs a higher investment rate to achieve its ambitious eight percent growth target. Private investment revival is crucial for productivity and sustained long-term economic expansion. The current investment-to-GDP ratio supports only about six point five percent growth. Reforms to foreign investment policy and bilateral investment treaties are essential. Government policies and ease of doing business improvements will shape the investment climate.

Jefferies retained its Buy rating on HDFC Bank but cut the target price to Rs 880 from Rs 1,050 following CEO Sashidhar Jagdishans decision not to seek reappointment. The brokerage flagged near-term risks to deposit mobilisation and fee income but said valuations remain undemanding.

IMDbPro is providing free premium memberships to Indian entertainment professionals. This initiative removes financial barriers for actors, directors, and crew members. Eligible professionals can access career tools and networking opportunities. The company aims to support India's dynamic creative community long-term. This move helps artists expand their reach beyond geographical boundaries.

Transformers and Rectifiers shares rallied on Monday after the company secured a large order from MEIL for manufacturing transformers and related work. Valued at Rs 100 crore to Rs 500 crore, excluding GST, the order is scheduled for execution over 35 months and is expected to strengthen the companys order pipeline.

Delhis draft electoral roll excluded 47.7 lakh electors from the citys 1.45 crore registered voters after a Special Intensive Revision exercise. Those left out can file claims using Form 6 and supporting documents until September 30, with final roll scheduled for November 4. Officials said 97.5 lakh electors were included.

Zee Entertainment shares crashed on Monday after the NCLT approved a repayment plan involving founder Subhash Chandra. The plan entails a recovery of around Rs 6.5 crore against admitted creditor claims of Rs 22,006.57 crore, implying a 99.97% haircut.

Augmont Enterprises made a strong stock market debut, listing at a 22% premium to its IPO price, but gains fell short of grey market expectations. With valuations considered rich, brokerages have offered mixed views, ranging from Neutral to Subscribe for Long Term. Investors will weigh the companys growth prospects, margins, integrated precious-metals ecosystem and key risks.

Homebuyers should assess their monthly surplus before applying for a home loan. An affordable EMI fits comfortably after essential expenses and savings. Lenders assess repayment capacity, but your budget dictates the actual limit. Use an EMI calculator to test loan amounts and tenures for affordability. This ensures your EMI aligns with your financial goals and cash flow.

IGL shares witnessed an uptick on Monday after the company hiked CNG prices by Rs 3.89 per kg in Delhi-NCR, citing higher imported LNG costs. The increase marks the fifth price hike this year. Citi retained its Buy rating on IGL, saying the latest hike could improve realisations and support margins.

Ather Energy shares rose after the company launched its new Konarc electric scooter at a starting price of 99,999. The model will be offered in six variants across the S and Z lines, with IDC ranges of up to 200 km. Ather Energy shares have gained 132% over the past six months.

Tempsens Instruments shares fell over 4% on Monday as investors booked profits after the stocks blockbuster debut on Friday. The shares had listed at a premium of more than 111% over the IPO price following strong demand for the Rs 650-crore issue, which was subscribed 184 times during the bidding period.

Novak Djokovic experienced a surprising early exit from the US Open tournament. Mariano Navone defeated the champion in a lengthy and challenging opening match. Other players like Jessica Pegula and Marta Kostyuk advanced easily on Sunday. Major stars including Aryna Sabalenka and Carlos Alcaraz begin their campaigns on Monday. The US Open venue is undergoing significant renovations and improvements.

Nomura initiated coverage on Clean Max Enviro Energy Solutions with a Buy rating and a Rs 1,510 target, implying 21% upside, citing strong growth prospects in Indias C&I renewable energy market. The brokerage expects revenue and EBITDA to grow at CAGRs of 39% and 50%, respectively, through FY29, while Clean Maxs Q1 profit turned positive and revenue more than doubled year-on-year.

Herbert Wertheim purchased a Ferrari electric vehicle for forty million dollars. This significant charitable donation may qualify for a substantial US tax deduction. The purchase price far exceeded the car's estimated fair market value. New tax rules could limit the deduction for top earners. This situation highlights evolving charitable giving regulations for wealthy individuals.

Italian actor and director Andrea Preti met Venus Williams in 2024 and became a key source of support during her personal and professional challenges. The couple married in 2025 after ceremonies in Italy and Florida. Preti has since supported Venus through her tennis comeback and is watching her latest US Open campaign.

Jefferies initiated coverage on Leela Hotels with a Buy rating and a Rs 675 target, citing Indias premiumisation trend, rising luxury travel demand and the companys owned-led expansion strategy. The brokerage expects strong revenue and earnings growth through FY29, supported by higher room rates, leisure exposure and Brookfield backing.

Metal stocks tumbled up to 5% on Monday, with the Nifty Metal index falling over 2% amid a decline in metal prices and rising expectations of higher-for-longer US interest rates. Profit booking after the indexs strong August rally also weighed on sentiment, while Jefferies remained bullish on Hindustan Zinc over Hindalco.

Ashoka Buildcon shares surged over 10% after the company received a Rs 602.16 crore order from Rail Vikas Nigam Limited for electro-mechanical works across four railway tunnels in Uttarakhand. The 30-month project is expected to strengthen the company

In August, a majority of newly listed IPOs saw a successful debut, outpacing the broader market. Approximately ninety percent of these listings are still trading above their original issue prices, with Tempsens Instruments shining brightly by doubling its value on the first day. Despite the selective nature of the secondary market, the future looks promising with a strong IPO pipeline anticipated to carry through September, enabling substantial fundraising.

Retail investors enjoyed impressive returns by picking specific stocks wisely. Over the last year, numerous companies showcased returns exceeding one hundred percent. Sectors like telecom and capital goods led the way, with high-beta and event-driven stocks also providing significant rewards. Ultimately, careful stock selection played a more vital role than merely concentrating on sector performance for achieving these gains.

HDFC Bank's CEO Sashidhar Jagdishan plans to retire in October 2026 following a major merger, leaving investors eager for details on his successor and the bank's future direction. The institution encounters hurdles in attracting deposits and enhancing margins post-merger. Experts propose either a temporary internal leader or an external hire. In the meantime, stock performance may remain subdued until the next leadership is established.

India's leading stocks have witnessed a staggering loss of forty-nine lakh crore rupees in total market capitalization. A significant decline has affected forty-seven companies within the Nifty index, with heavyweights like TCS, HDFC Bank, Reliance Industries, and Infosys leading the charge. Analysts are divided over whether these diminished stocks present enticing investment opportunities or merely serve as potential pitfalls.

On Monday, Indian stock indices Sensex and Nifty dipped significantly, with broader market indices like Nifty Smallcap and Midcap also experiencing more severe declines. Major players like Infosys and Tata Steel were among those causing the downturn. In a contrasting trend, HDFC Bank shares managed to rise, reflecting an unusual market sentiment dominated by sellers, leading to more declining stocks than advances.

The Annu Projects IPO allotment is likely to be finalised today, August 30, after the Rs 175.06 crore issue was subscribed 2.93 times. Investors can check their allotment status through KFin Technologies, NSE or BSE.

On August 28, six Nifty500 stocks that gained over 5% were identified using the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below, indicating strengthening price momentum and potential upward movement in the stocks.

Lenskart has emerged from challenger to market leader, with Nomura initiating coverage with a Buy rating and Rs 888 target, implying around 40% upside. The brokerage sees a long growth runway driven by store expansion, strong market positioning, vertical integration and a cost advantage, while MSCI inclusion could also attract passive inflows.

HDFC Bank's Managing Director, Sashidhar Jagdishan, has opted against reappointment, prompting brokerages to uphold their positive stance on the bank's stock. In light of this announcement, the board has hastened efforts to find a suitable successor. Analysts appreciate this proactive approach as it alleviates concerns and promises potential value. Investors attention now shifts to the upcoming leadership transition and its expected impact on future growth prospects.

On August 28, four Nifty500 stocks that gained over 6% appeared on the White Marubozu bullish scanner, according to StockEdges technical scan data. The pattern indicates strong buying pressure throughout the trading session and can signal potential upward price momentum.

Three SME IPOs open for subscription today and will remain open until September 2. Ashutosh Fibre and Shanti Inorganics are attracting strong grey market premiums of around 40% and 37%, respectively, while Phychem Technologies commands a more modest 5% premium.

Priority Jewels IPO enters Day 2 with strong investor demand, after the issue was subscribed 1.93 times on Day 1. Retail investors subscribed 3.07 times, while the grey market premium stood at 23%, signalling potential listing gains. Priced at Rs 190200 per share, the Rs 91.05-crore IPO closes on September 1, with analysts recommending subscription for the long term.

ESDS Software Solution IPO entered its second day with strong investor demand, after the issue was subscribed 2.10 times on Day 1. Retail investors subscribed 2.69 times, while the grey market premium stood at around 78%, signalling expectations of a strong listing. The Rs 720-crore IPO, priced at Rs 408-429 per share, closes on September 1.