Rising sugar prices are raising concerns over higher input costs for consumer companies, with Goldman Sachs identifying Britannia Industries as the most exposed among companies it covers. Nestle India and Varun Beverages could also face pressure. Tight global supplies, festive demand and adverse weather conditions are driving the commodity’s sharp rally.
As global financial markets navigate the aftermath of recent conflicts, the mixed responses are evident. Energy prices have surged sharply, reflecting immediate fallout, while artificial intelligence investments have buoyed global equities amid geopolitical turbulence. However, the traditional appeal of safe-haven assets like Treasuries and gold appears diminished, as Gulf economies and agricultural supply chains grapple with significant disruptions and possible inflationary pressures.
Bitcoin held near $79,000 on Thursday as profit-taking and consolidation kept traders cautious following its recent recovery. Analysts said the cryptocurrency remains in a constructive setup, with $77,500-$78,000 acting as key support and $80,000-$82,850 as resistance. Traders are also watching Jackson Hole commentary and upcoming US inflation data.
Abercrombie & Fitch shares surged 36% after a strong Q2 earnings beat and upgraded guidance. Record revenue, robust brand growth, tariff refunds, aggressive buybacks and new partnerships strengthened investor confidence, while Jefferies raised its price target, signaling further potential upside.
Piramal Finance’s first QIP since listing attracted bids worth around Rs 21,000 crore, nearly 10 times the Rs 2,100 crore on offer, amid strong demand from global investors and major domestic mutual funds. BlackRock, Goldman Sachs Asset Management and several leading Indian AMCs participated in the issue, which was priced at the upper end of the Rs 2,000-2,110 range.
The Indian stock market will remain open on August 28 despite Raksha Bandhan celebrations, with the NSE, BSE, MCX and NCDEX operating normally. Investors can also check the remaining six market holidays for 2026, including Ganesh Chaturthi, Dussehra, Diwali-Balipratipada, Guru Nanak Jayanti and Christmas.
Pushp Brand has officially secured approval from Sebi for its initial public offering, with existing shareholders set to sell up to 74.45 lakh equity shares. Promoters and other investors are engaged in the Offer for Sale. Founded in 1974, the company operates under the renowned Pushp and Munimji brands and is gearing up to introduce Pushp Kadak Chai in the second quarter of FY27.
On Thursday, bond yields in the euro zone experienced a modest uptick. Meanwhile, oil prices rebounded slightly from their recent declines, impacting overall market sentiment. Diplomatic negotiations surrounding the Strait of Hormuz are ongoing, despite mixed signals from involved parties. Traders appear to anticipate minimal additional monetary tightening from the European Central Bank. Concerns over inflation and spending have pushed bond yields to levels not seen in several years.
Microsoft co-founder Bill Gates has warned that the AI transition could become one of the most turbulent periods in history, with the technology potentially widening inequality. He called for greater preparation for its social, political and economic impact and said he would support credible efforts to slow AI development globally.
Shein is expected to price its Hong Kong IPO near HK$48.56 per share, raising about $1.7 billion at a $26.5 billion valuation. The listing marks a major milestone after years of regulatory challenges. Despite strong investor demand, Shein faces slower growth, shrinking margins, higher trade costs and increasing competition globally.
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