Big negative for bulls and investors: Concerns over a potential decline in domestic crop production due to El Niño, along with Skymet’s 70% drought probability, could push inflation higher and sharply reduce purchasing power, creating a major negative for the Indian economy, bulls and investors.
Indian markets are likely to remain volatile as investors continue to assess the impact of the escalating US-Iran conflict. The broader geopolitical situation has increased concerns about crude supplies, inflation and global economic growth.
Gold prices have turned volatile as investors balance two opposing factors: increased demand for safe-haven assets because of geopolitical tensions and concerns over potentially tighter US monetary policy.
Mahanagar Gas has increased prices of CNG and PNG in Mumbai from September 1, bringing fresh attention to energy costs for consumers and businesses.
Mahindra Aerostructures has secured a new contract to manufacture components for the Airbus A320 aircraft programme. The order strengthens the company’s growing presence in the global aerospace manufacturing industry.
India’s banking system liquidity surplus has reportedly reached around Rs. 5 lakh cr., the highest level in more than four months. The increase in liquidity could provide additional support to banks and the broader financial system.
B2B e-commerce company Udaan has reportedly raised around $340 million as it strengthens its financial position ahead of future growth plans.
Deepa Jewellers opens its mainboard IPO for subscription today, September 1. The issue is scheduled to remain open until September 3.
Rays of Belief is another mainboard IPO opening today. The company is looking to raise around Rs. 125 cr. through its public issue.
Priority Jewels is witnessing strong investor interest as its IPO moves towards the final stage of subscription. On Day 2, the issue had already been subscribed more than 15 times, reflecting strong demand.
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