Heena Ojha
Heena Ojha
The gains in bank stocks come against a backdrop of a sharp surge in foreign-currency inflows, which has boosted liquidity across the banking system.
Dividend stocks aren't immune to market-wide sell-offs, but their yields create a natural floor for the stock price. As the price drops, the yield rises, which naturally brings in value investors.
MOFSL noted that public sector banks continue to command the highest market share in gold loans at 60 per cent as of March 2026.
Domestic passenger vehicle sales rose 34.8 per cent Y-o-Y to 176,971 units. Exports, however, declined 7.4 per cent Y-o-Y to 33,844 units during the period under review.
Adani Green Energy emerged as the biggest gainer among Adani Group stocks in intraday trade, rising as much as 4.69 per cent intraday.
In the spot market, gold prices declined around 1.22 per cent to ₹1,54,940 per 10 grams. Meanwhile, silver futures fell 0.5 per cent to ₹2,40,011 per kg.
The MSCI Standard Index will see four additions, Adani Energy Solutions, Billionbrains Garage Ventures, Laurus Labs, and Lenskart Solutions.
The changes are closely watched by investors as MSCI indices are tracked by global institutional and passive funds, potentially triggering portfolio rebalancing and changes in stock-specific flows.
Augmont Enterprises shares listed at ₹956 on the BSE, a premium of 21.32 per cent against the offer price of ₹168. Meanwhile, on the National Stock Exchange, debuted at ₹961, up 21.95 per cent.
Just Dial shares rose on high volume, trading at about 2.2 times the 30-day average volume. The stock also crossed its 50-day simple moving average, signalling improved near-term price momentum.
Tempsens Instruments shares listed at ₹634 on the NSE, a premium of 111.33 per cent against the offer price of ₹300.
MOFSL highlighted that the current earnings recovery is fundamentally different from periods when earnings upgrades were driven primarily by lower-than-expected credit costs.
Tempsens Instruments' IPO garnered bids for 279.44 crore shares as against 1.51 crore shares on offer, resulting in a subscription of 184.07 times.
Bombay Burmah's stock surged after the Supreme Court withdrew its earlier observation on the ₹4,655 crore lease rent liability.
The Singapore International Commercial Court has dismissed the Company's challenge, holding that there was no breach of natural justice.
IPOs raised about ₹18,349 crore in July and ₹26,302 crore in August through August 26, together accounting for nearly 96 per cent of the FY27 fundraising so far.
July and August together accounted for 33 deals and ₹49,592 crore, or nearly 69 per cent of the total issue amount raised in the first eight months.
Gold loans stood at around ₹18.6 trillion, or nearly 11 per cent of retail credit, after growing at a 34 per cent CAGR between FY21 and FY26.
Among the basket, Fertilisers and Chemicals Travancore rose the most, rallying over 14 per cent to an intra-day high of ₹894.
Ceigall India received Letters of Acceptance from the Ministry of Road Transport & Highway for the construction of a key section of the Lada-Sarli section of NH913 in Arunachal Pradesh.