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The Indian stock market is set to open flat to negative on 28 August, following global cues. Both the Sensex and the Nifty 50 ended lower earlier. Crude oil prices dipped, with escalating US-Iran tensions affecting market sentiment amid mixed global cues and an uncertain financial outlook.
Trading in equities and equity derivatives on both exchanges will continue during regular market hours. Investors can buy and sell shares and derivatives as normal, with no changes to the standard trading schedule.
Stocks to buy or sell: Ajit Mishra from Religare Broking shares key strategies for three notable stocks. Discover where to buy, sell, or hold in today’s intricate stock environment and what pivotal factors might influence your investment decisions.
The Indian stock market is set to open flat, following weak global trends. Major indices Nifty 50 and Sensex ended lower, with Nifty closing below 24,100. Analyst Chandan Taparia suggests cautious trading within defined ranges and recommends buying Sona BLW, Laurus Labs, and BHEL shares.
ESDS Software Solution IPO is set for 28 August, closing on 1 September, with a price band of ₹408– ₹429. The estimated listing price is ₹754, indicating a 75.76% premium. Brokerages recommend long-term investment despite risks, citing strong growth and market demand.
The Indian rupee opened at 95.51 against the US dollar, buoyed by importer demand and RBI intervention. The currency remains range-bound, with oil prices affecting market conditions. Experts predict potential depreciation, while upcoming US Federal Reserve signals may impact rupee stability.
MCX gold October contracts were down 0.57% at ₹1,58,085, while MCX silver September futures were 0.55% down at ₹2,39,320 per kg around 9:15 AM.
IREN shares fell more than 7% in extended trading after the company swung to a quarterly loss, driven by costs tied to retiring bitcoin mining hardware as it shifts to AI cloud services.
The Lumino Industries IPO allotment is likely to be finalised on September 1. The shares are expected to debut on both the NSE and BSE on September 3.
At a meeting in Hanoi on Thursday, Communist Party General Secretary and President To Lam asked Qualcomm Chief Executive Cristiano Amon to increase its investment in areas including AI, semiconductors, robotics, 5G/6G, data centres and next-generation connectivity technologies, according to a government statement.