Stocks to buy today: ACME Solar is maintaining a strong bullish structure on the daily chart, with the stock consistently forming Higher Highs and Higher Lows, indicating sustained upward momentum.
The emerging technical structure highlights the need to exercise caution and warrants a clear strategy to avoid venturing into aggressive long trades.
The BSE barometer Sensex rallied 730 points or 0.95 per cent to 76,883, while the Nifty 50 index gained 132 points or 0.55 per cent to reclaim 24,000. The index hit the day's peak of 24,005.
ESDS Software's share price listed at ₹757 apiece on the National Stock Exchange (NSE) as against the offer price of ₹429, a premium of 76.46 per cent.
Adani Power share: The brokerage assigned a target price of ₹250 to Adani Power shares, valuing the company at 16x FY29E Ebitda, investments add ₹1 per share.
Technical analyst advised investors to avoid fresh long positions for now and wait for a clear breakout above 1,400 before considering fresh buying.
Analysts believe stronger earnings visibility and company-specific growth drivers have managed to drive this outperformance.
Markets are cyclical and therefore will give you outsized returns in one year and undersized returns in another year. It's never always the same.
The Nifty Midcap and Smallcap indices outperformed the Nifty 50 index by 14 percentage points and 21 per centage points respectively at the peak levels in calendar year 2026, shows data.
Deepa Jewellers IPO also commands a healthy grey market premium (GMP), increasing its appeal for investors. That said, certain risks like weak margins and customer concentration linger.
Milk Mist, which listed on the bourses on August 18 after a solid response to its initial public offering (IPO), trades 65 per cent above its offer price of ₹140 based on today's intraday high.
Skyways Air Services' shares debuted at ₹124 apiece on the National Stock Exchange, a 10.14 per cent discount to the initial public offer (IPO) price of ₹138 apiece.
SIPs have been marketed as a product that can deliver 12 per cent, 14 per cent and other such fantastical figures. These claims are made by people who have a vested interest in saying so, Sharma said.
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.
Low-growth companies will not find favour, and better visibility of stronger growth over the medium term becomes a prerequisite to lure global investors, said Emkay.
So far this month, the IT index remains unchanged. In July, it recorded its best gain in six months following a 17 per cent rise.
Despite today's sharp rise, Ashoka Buildcon's share price remains 40 per cent below its 52-week high of ₹214.35 scaled in November last year.
Trading sentiment in the stock market this week will be largely guided by the domestic GDP data announcement, crude oil prices, and the US non-farm payrolls report, analysts said. Besides, macroeconomic data announcements, auto sales numbers and trading activity of foreign investors would also guide movement in the market going ahead, they added. "The coming week is expected to remain highly eventful, with domestic GDP data and global economic releases likely to determine market direction. India's Q1 FY27 GDP data will be released on August 31. Investors will also monitor India's August manufacturing and services PMI readings, GST collections, foreign exchange reserves and movement in the rupee," Ajit Mishra SVP, Research, Religare Broking Ltd, said. US employment data will remain the most important trigger, with the August non-farm payrolls report scheduled for September 4, he said. "The outcome could significantly influence expectations regarding the Federal Reserve's September
Advent International and Blackstone-backed Aster DM Quality Care are in discussions to acquire a controlling stake in Yatharth Hospital.
ESDS Software Solution IPO price band is at ₹408 to ₹429 per share. Investors can apply in lots of 34 shares.