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Indian equities opened marginally higher on Thursday ahead of expiry-day volatility, with Sensex and Nifty gaining around 10 and 11 points, respectively. India VIX rose 3% to 10.84. Kotak Mahindra Bank led gains, while HCL Technologies and HDFC Bank declined. Consumer durables gained, while FMCG slipped amid mixed market breadth.
The Indian rupee opened lower at ₹95.44 against the dollar due to decreased crude oil prices and RBI interventions, despite pressures from potential Federal Reserve rate hikes. Brent crude eased to $86.30 per barrel, influencing market stability and expectations for foreign exchange inflows.
MCX gold October futures rose by 0.53% up to ₹1,60,509 per 10 grams, while MCX silver September contracts climbed 0.71% to ₹2,41,341 per kg in early deals on Thursday.
Chicago wheat extended its rally to a three-year high, as concerns grow that the war between Russia and Ukraine could escalate and further disrupt supplies from one of the world’s most important breadbaskets.
Lumino Industries IPO opens on 27 August at ₹78-82 per share. Lumino Industries IPO GMP of +50, indicating a potential listing price of ₹132. The company aims to raise ₹500 crore, with ₹337 crore planned for debt repayment.
Sun Pharma Share Price Live Updates: Investors Take Note: Sun Pharma Surpasses 20-Day EMA
Augmont Enterprises IPO GMP today: According to market observers, the grey market is signalling around 40% listing gain for the lucky allottees
Jio Financial Services Share Price Live Updates: Jio Financial Services Achieves New High Above 100-Day SMA
Symbiotec Pharmalab IPO allotment is expected to be finalised on 28 August, and shares are set to list on both the BSE and NSE, with the tentative listing date scheduled for 1 September.
Bajaj Finance Share Price Live Updates: Bajaj Finance Shows Positive Momentum