Month: August 2026

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.

BTIG initiates Smith & Nephew stock coverage with neutral rating

FIIs raise stake in these 12 smallcap stocks in Q1; shares surge up to 123%

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.

U.S. Treasury Secretary Scott Bessent reassured markets by minimizing concerns over turbulence and debt. He emphasized that robust economic growth is boosting the country’s fiscal health. In defense of the Treasury’s increased bond buyback initiative, Bessent pointed to larger international interventions as a valid reason for this approach. The expanded buyback operations are set to…

The United Arab Emirates’ air force intercepted an Iranian drone over its territorial waters Monday, the Defense Ministry said, an attack that comes after the US and Iran exchanged fire on the weekend, the first significant military action in a month. In a short statement, the Defence Ministry said it “dealt with” an Iranian drone…

China’s IPO market is gaining momentum, fuelled by strong investor appetite for AI, robotics and advanced technology companies. Hong Kong and Shanghai have already raised over $54 billion through IPOs and secondary listings in 2026, while blockbuster debuts such as CXMT and Unitree highlight the enthusiasm for tech stocks.

European shares opened lower on Monday as renewed US-Iran military tensions pushed oil prices and bond yields higher, although the STOXX 600 remained on track for its fifth consecutive monthly gain. Energy stocks rose as Brent crude climbed above $90 a barrel, while Germany’s DAX fell ahead of key inflation data. Investors are also watching…

Hy-Tech Engineers IPO GMP is 79 per cent, while Skyways Air and Symbiotec Pharmalab are expected to list at over 20 per cent premium.

PhonePe has launched UPI 123Pay, enabling feature phone users to transact digitally. This service extends UPI payment capabilities to over two hundred million Indian feature phone users. The platform allows peer-to-peer and peer-to-merchant payments, and balance checks. It also offers an AI-powered helpline for first-time users in multiple languages. Future updates will introduce utility bill…