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ESDS Software Solution IPO Day 2: Issue subscribed 2.10 times so far; GMP signals 78% listing premium
ESDS Software Solution IPO entered its second day with strong investor demand, after the issue was subscribed 2.10 times on Day 1. Retail investors subscribed 2.69 times, while the grey market premium stood at around 78%, signalling expectations of a strong listing. The Rs 720-crore IPO, priced at Rs 408-429 per share, closes on September 1.
Lumino Industries IPO Day 3: GMP jumps to 74%,subscription hits 4.87 times. Should you subscribe?
Lumino Industries’ Rs 700-crore IPO entered its final day of bidding with the issue subscribed 4.87 times on Day 2, while its grey market premium (GMP) climbed to 74%, indicating strong investor sentiment ahead of the expected September 3 listing. The IPO is priced at Rs 78–82 per share, with proceeds largely earmarked for debt repayment and capacity expansion.
Is Nifty set for a breakout? Analysts see signs of a shift ahead
Nifty hovered near 24,175, needing to clear 24,200 to regain strength. Analysts suggest bullish option spreads for rebounds and caution against a 23,900 break. HEG and Laurus Labs are recommended buys with specific targets and stop losses. Glenmark Pharmaceuticals and Shipping Corporation of India also present buying opportunities. Newgen Software and Elgi Equipments show positive chart setups for investors.
‘Saans lene ke bhi paise lagte hai’: NRI woman sparks debate on why meeting friends in India always comes with a bill
She contrasted the cafe culture of India with a culture of functional public infrastructure in Australia, where simply sitting in a park or wandering by the beach came without a mandatory transaction.
Indian woman spots ‘incredibly fit’ 70-80+ travellers in Europe, questions India’s lifestyle: ‘Something terribly wrong’
An Indian woman's observations about elderly European travellers walking long distances, carrying their own luggage and travelling independently have triggered a wider online debate about fitness, mobility, diet and ageing in India.
Grand Canyon flood: 15 people missing, dozens evacuated, heavy rainfall today may cause ‘additional flash flooding’
Grand Canyon flood: About 15 people may be missing after a flash flood in Grand Canyon National Park in Arizona, the United States, the National Park Service said, warning of heavy rainfall and possibly “additional flash flooding” on Monday.
Purple Style Labs IPO opens today: Check GMP, key details. Should you subscribe?
Purple Style Labs, the parent company of luxury fashion platform Pernia’s Pop-Up Shop, has fixed the price band at Rs 546–575 per equity share. The Rs 680-crore issue comprises entirely a fresh issue of 1.18 crore equity shares.
Augmont Enterprises shares to list today; 37% GMP signals strong debut
The Rs 825 crore IPO, priced at Rs 788 per share, comprised a fresh issue of 79 lakh shares worth Rs 620 crore and an offer for sale (OFS) of 26 lakh shares aggregating Rs 205 crore. Ahead of the public issue, the company had also raised Rs 246.30 crore from anchor investors.
Oil Price Today (August 31): Crude oil reclaims $90 as fresh US attacks dim peace deal hopes. What are experts saying?
U.S. forces on Sunday struck two launchers on Iran's Larak island in the Strait of Hormuz. It was the first known American strike on the Gulf nation since late July. Iran responded by attacking two U.S. air bases in Jordan, Iranian media reported on Monday, citing Iran's Revolutionary Guards.
MSCI rebalancing threatens to turn ‘Messy’ in new Indian auction
This Monday marks a critical juncture for India's new closing auction system, as it gears up to manage an influx of billions in passive fund trades. The quarterly MSCI index rebalancing is expected to catalyze heightened trading volume, putting the system’s reliability under scrutiny. Both market participants and regulators are keenly awaiting how smoothly it addresses large institutional orders in this high-stakes environment.
Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
On Monday, the dollar maintained its strength close to a two-week peak, fueled by expectations of a rate hike in September following assertive comments from the Fed. Meanwhile, the yen fell past the crucial 160-per-dollar threshold, raising concerns about possible intervention. As investors await key U.S. economic reports and discussions from the G20 meeting, rising oil prices further bolstered demand for the dollar.
Gold holds ground after 3% drop on Warsh's hawkish stance
On Monday, gold prices held steady following a noteworthy decline. Federal Reserve Chair Kevin Warsh suggested that interest rate hikes could be on the horizon, leading markets to predict an increased chance of a September rate rise. Labor market reports set to be released this week will offer additional economic clarity. Other precious metals also experienced slight fluctuations.
September F&O Series: CDSL, Adani Power among 5 stocks offering bullish trading bets
The September derivatives series offers traders intriguing opportunities, marked by sharp stock fluctuations. Notable bullish bets include Central Depository Services and Adani Power, both showcasing positive trends. Additionally, Persistent Systems and CAMS stand out with their promising upward indicators. In contrast, Hindustan Zinc is showing signs of accumulation and a symmetrical triangle breakout. However, Godrej Consumer Products is under significant bearish pressure, suggesting the likelihood of continued declines.
Petrol and diesel prices today — 31 Aug: Fuel rates in Delhi, Mumbai, Bengaluru as Brent climbs after US strikes Iran
Petrol and diesel prices remained stable on 31 August. Although crude prices increased after US strikes on Iran, fuel prices have not fluctuated significantly across Indian cities.
Short-term rates ease as banks see surge in dollar deposits
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary policy signals. Markets anticipate potential interest rate hikes in the near future. This outlook is influencing investor decisions on longer-dated debt instruments.
Iran war news LIVE Updates: US to impose weekly secondary sanctions on Tehran? Bessent says, 'We're starting with banks'
Iran war news LIVE Updates: The US Treasury Department is likely to unveil weekly new secondary sanctions aimed at increasing economic pressure on Iran, with an initial focus on banks, US Treasury Secretary Scott Bessent said on Sunday.
India Inc pays record dividends in FY26, but payout ratio slides
In FY26, Indian firms made history by distributing a staggering ₹4.5 lakh crore in dividends, marking a remarkable 15% annual growth rate over five years. A significant portion of these dividends, two-thirds, came from the banking, finance, and IT sectors. Notably, the dividend payout ratio has tapered to a five-year low of 27%, indicating that a smaller share of profits is now being returned to shareholders as dividends.
