The BSE Sensex ended at 76,944.28, lower by 12.99 points or 0.02%, as gains in IT, FMCG and select heavyweights helped limit the fall.
The United States said it carried out a series of airstrikes against targets in Iran overnight, drawing a response from Tehran in what was described as the most serious escalation in the conflict between the two countries in weeks.
The Rs 53.40 crore IPO, which opened for subscription on August 25, 2026, received an overwhelming response from investors. The issue was subscribed 162.94 times overall, reflecting strong demand across investor categories.
Milky Mist Dairy Food saw strong growth in its June quarter results. The company expects continued momentum through existing capacities and new products. Yogurt and ice cream categories showed significant year-on-year revenue increases. Geographic expansion outside South India is a key future growth driver. Milky Mist plans to focus on protein products and whey extraction.
August saw a significant dip in equity derivatives turnover on the NSE and BSE, reaching multi-month lows. Analysts connect this downturn to the recent implementation of the Closing Auction Session, which has changed the dynamics of trading near market close. Traders are opting to exit their positions sooner to avoid potential pitfalls. The regulator reassures that this session mechanism is now a permanent feature.
US stocks started September lower as rising oil prices and Treasury yields heightened inflation and rate concerns. Renewed U.S. strikes on Iranian targets pushed crude higher, while a global bond selloff lifted yields. Markets now price a 68.2% chance of a Fed hike this month.
Federal Reserve Governor Michael Barr indicated potential interest rate increases if inflation remains elevated. He stated that the central bank might act decisively to raise rates. Incoming data will guide the decision on further monetary policy tightening.
Japan’s 30-year high bond yields, hawkish US Federal Reserve policies, and rising crude oil prices are straining global liquidity. These factors exert pressure on Indian equities, challenging investor sentiment despite India’s resilient 7.8% GDP growth.
The Indian bond market saw a downturn, reflecting a broader global selloff in debt markets. Escalating geopolitical conflicts and soaring oil prices raised inflation fears in India, leading to intensified speculation regarding potential interest rate hikes by the Reserve Bank of India. Additionally, foreign investors experienced their first month of securities outflows in August. Yet, sufficient liquidity in the banking sector helped to stabilize bond demand.
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