Five Nifty500 stocks showed rising RSI above 50 on August 31, signalling strengthening momentum and potential upward price movement.
Deepa Jewellers’ IPO opens for subscription today, with the issue commanding a 31% premium in the grey market. Priced at Rs 168–177 per share, the Rs 459.72-crore issue comprises a fresh issue and an offer for sale. Strong FY26 earnings growth, attractive valuations versus peers and robust returns on net worth add to the investment case.
ABH Healthcare and Madhur Knit are set to debut on the NSE SME platform today, September 1, 2026. Grey market trends suggest subdued investor enthusiasm, with Madhur Knit showing a modest Rs 2 GMP, implying a 2% premium, while ABH Healthcare’s zero GMP indicates a potentially flat listing. Both IPOs raised funds for debt repayment, working capital and corporate needs.
On August 31, six Nifty500 stocks appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. The pattern indicates strong buying pressure throughout the trading session and can signal potential upward price momentum.
Indian equity markets ended lower on August 31, responding to prevailing global economic dynamics. A modest decline in the Nifty50 index brought it below essential moving averages. Key corporate updates emerged, including major merger announcements and buyback initiatives from Happiest Minds Technologies and PVR INOX. Milky Mist Dairy showed remarkable profit growth, whereas E2E Networks secured a vital contract.
US Treasury yields rose significantly, with the 10-year rate exceeding 4.75 percent. Rising oil prices and persistent inflation fueled expectations of a Federal Reserve rate increase. Short-term yields surged after Fed Chairman Kevin Warsh signaled potential action to control inflation. Investors are now closely watching employment and consumer price data for policy clues. Upcoming corporate bond supply also adds pressure to longer-term Treasury yields.
On Monday, shares of the Adani group experienced notable downward pressure, with Adani Enterprises declining by nearly eight percent amid overall market instability. The recent alterations in MSCI Global Standard Indexes were implemented at the end of August, affecting several Adani firms through index rebalancing and fund reallocations. This situation added to the volatility observed throughout the trading day.
The National Stock Exchange saw substantial turnover in its Closing Auction Session. This session accounted for twenty-two percent of total cash market turnover on Monday. More than ninety-eight thousand investors participated in this significant trading period. The session coincided with the MSCI August 2026 Index Review implementation. This marks a successful first month for the closing auction mechanism.
Deepa Jewellers Ltd successfully raised Rs 138 crore from anchor investors this past Monday. Their initial public offering opens for subscription on September 1 and includes both fresh share issuance and an offer-for-sale. The proceeds are intended for enhancing working capital and supporting various corporate objectives. The shares are set to be listed on the BSE and NSE beginning September 8.
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