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Indian markets found support from easing crude oil prices and the RBI's stable policy outlook. Analysts said Nifty holding above 24,600 keeps bullish momentum intact. While profit booking hit sectors like auto and IT, stock-specific buying in small caps kept the broader market resilient as investors watched global cues on Friday.
Indian companies raised a record ₹2.3 lakh crore through IPOs, FPOs and rights issues in FY26. Strong retail participation helped India remain the world's busiest IPO market despite global uncertainty. SEBI Chairman Tuhin Kanta Pandey said the primary equity market continued to show strong momentum despite geopolitical conflicts and trade tensions.
The APMDC and JSW Steel will fast-track iron ore mining in Prakasam district after getting consent from the AP Pollution Control Board. The project, set for Konijedu and Marlapadu villages, involves a ₹1,231.20 crore investment. Officials said the area holds 60 million tonnes of iron ore reserves for future production.
Coal India emerged as the preferred bidder for the Gadadharpur Iron Ore Block in Odisha. The company quoted a premium of 114.05% to win the auction. This move helps the miner expand beyond coal. The block contains 288 million tonnes of iron ore, supporting India’s push for more domestic minerals.
Sebi will simplify rules, deepen markets, and ramp up technology use in FY27. Chairman Tuhin Kanta Pandey said, "Sebi will continue to focus on identifying and removing regulatory redundancies." The regulator plans to introduce fast-track approvals and use artificial intelligence to improve the detection of market manipulation and financial fraud.
PNB Housing Finance expects its new micro-housing loan business to reach Rs 100 crore by the end of the current financial year. Managing director Ajai Kumar Shukla said, "We will not compromise underwriting standards." The company started the product and expects disbursements to gather pace as training is now complete.
Primary steel makers are expected to maintain operating profitability of Rs 10,500-11,000 per tonne this fiscal despite higher input costs, a Crisil Ratings report said on Thursday. Higher global steel prices and safeguard duties will help companies. Strong domestic demand from infrastructure and other sectors will also support their steady growth.
The RBI issued new rules for loan recovery that start from January 1, 2027. Lenders can only contact borrowers between 08:00 and 19:00 hours. Banks must ensure agents do not use abusive language or share personal details. These steps aim to protect customers from harsh practices during the recovery process.
Noida-based Sheela Foam expects to outpace the organised mattress industry through premiumisation and Kurlon integration. Chairman Rahul Gautam said, "Our scale, stability and ability to source raw materials give us a better chance to perform." The company aims to increase its market share to 25% over the next three years.
Six midcap stocks hit 52-week highs on Thursday as the Sensex gained 373 points to settle at 78,954. These shares showed strong momentum, with some rising up to 20% in a month. Experts said a 52-week high is a positive indicator, showing that many investors have high confidence in these companies.
Volatility linked to India's new closing auction mechanism eased on Thursday as traders adjusted to the revised settlement process. The Sensex recorded its biggest post-3:15 pm closing adjustment since the mechanism started. SEBI has also asked brokers to improve price visibility and boost participation to help markets get more stable.
Reliance Industries and SBI shares gained up to 3.5% on Thursday, August 6, amid heavy trading activity. Over 41.65 million shares worth Rs 4,294 crore changed hands across the BSE and NSE. Both stocks outperformed the broader market, as the benchmark indices also ended the day on a higher note.