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The Tempsens Instruments (India) IPO has a price band of ₹300 and a grey market premium of ₹313. Bidding for this issue will end at 5:00 PM today. Analysts said, "The company may command a valuation premium." Investors got a few hours left to apply before the allotment process starts.
Welspun Corp shares rose over 3% on Monday after a 15% jump on Friday following a $1.8 billion order. While investors are happy, the company must secure more wins beyond FY29. Management said, "the Ebitda margin in the US business is likely to be $250-300 per tonne" for this project.
The Pradhan Mantri Skilling and Employability Transformation through Upgraded ITI (PM-Setu) initiative has started to align human resources with development goals. With an outlay of ₹60,000 crore, the programme will upgrade 1,000 government ITIs. This structural reform aims to prepare young Indians for high-quality employment and build essential human capital.
Domestic equity benchmarks fell into negative territory by midday trade, with the Nifty hovering around 24,190. Despite the broader market dip, stocks like Vishal Mega Mart, Hexaware, and Urban Company got strong gains. Investors showed interest in these companies as they shared positive business updates and new growth plans today.
Sugar stocks like Balrampur Chini, Dhampur Sugar, and Uttam Sugar Mills rallied up to 11% on Monday. Prices climbed above Rs 50 per kg due to tight inventories and supply concerns. Festive demand and bad weather in key regions pushed prices up, while the government tightened stock limits to curb hoarding.
Sensex and Nifty 50 fell for the second week ending 21 August amid rising oil prices. Jigar Patel of Anand Rathi suggests buying Axis Bank, Meesho, and other shares for the next 1-2 weeks. He said, "the buy-on-dips strategy remains valid as long as the index holds its key support levels."
Benchmark equity indices Sensex and Nifty rose in early trade on Monday, August 24, 2026, as investors bought blue-chip stocks like HDFC Bank and Infosys. "For Indian investors, the prolonged U.S.-Iran standoff and its implications for energy prices remain a key source of uncertainty," said Ponmudi R, CEO of Enrich Money.
HDFC Bank shares rose 0.23 per cent to ₹728.60 on Monday morning. The bank recently finished a $1,750 million overseas bond issue to draw investor attention. Despite this, the stock remains down 26 per cent year-to-date. Meanwhile, the Bank Nifty index is trading near its resistance level of 58,000.
Nvidia reports its fiscal second-quarter 2027 results on Wednesday, August 26. Wall Street expects revenue of $92.16 billion, driven by massive AI data-centre spending. Investors want to see if the chip giant can beat high expectations. Many now watch the Blackwell platform ramp-up to see if the stock price grows.
Nippon India Mutual Fund expects 12-15% earnings growth over the next three years. Sailesh Raj Bhan said, "The fundamentals, which are the earnings, which drive markets, are falling into place after two or three years." The fund house likes private banks and consumer stocks as valuations got better for investors.
Vishal Mega Mart shares surged 10% on Monday after the company reappointed Gunender Kapur as Founder, MD and CEO for five years through August 2031. Morgan Stanley kept an 'Overweight' rating, saying the move eases succession concerns and provides continuity to the retailer's growth strategy, while seeing 41% upside potential.
Lalithaa Jewellery Mart shares surged 36% from the IPO price after a strong market debut on Monday. The stock listed at Rs 265, a 32% premium over the Rs 201 issue price. Shivani Nyati said, "Low risk Investors can book the profit while the other can hold for medium to long term."