HDFC Bank raised $1.75 billion through a twin bond sale to overseas investors. The lender raised $500 million via three-year bonds and $1.25 billion through five-year securities, both priced at tighter spreads than initial guidance, signalling strong investor demand.
Sugar stocks fell sharply on Friday after the government allowed duty-free imports of 1 million tonnes of raw sugar until October 31. Balrampur Chini Mills, Dhampur Sugar Mills and Bajaj Hindusthan Sugar declined sharply, reversing recent gains driven by rising sugar prices and tightening supply ahead of the festive season.
The BSE stock has witnessed a pronounced decrease in market value recently, attributed to the introduction of new auction regulations and diminished option trading activity. Additionally, the stricter bank guarantee requirements for brokers have raised alarm among investors. As a result, analysts have revised down their earnings expectations and stock projections, posing challenges for the exchange in maintaining its present valuation.
A US Treasury debt buyback decision lowered long-term yields, sparking a cross-asset rally across gold, equities, and Bitcoin. Coupled with a historic $1.1 billion short squeeze, the surge reflects macro liquidity moves rather than crypto-native triggers, making ETF inflows crucial for long-term sustainability.
Japan’s Nikkei fell on Friday and was headed for its steepest weekly decline in more than a month as rising oil prices, higher bond yields and uncertainty over the Middle East conflict weighed on investor sentiment. The Nikkei was set for a 4% weekly loss, while the Topix was headed for a 3.4% decline, with energy prices adding to inflation concerns.
Gold and silver prices rose for a third straight session on the MCX on Friday, supported by a weaker U.S. dollar and expectations of controlled longer-term Treasury yields. MCX silver surged Rs 13,000 over the past three sessions, while gold gained nearly Rs 6,500 per 10 grams. Analysts remained bullish, with key support and resistance levels in focus amid Fed rate uncertainty and geopolitical tensions.
Indian equities snapped a seven-session losing streak on Thursday, with the Sensex and Nifty closing sharply higher. Falling US bond yields, short-covering and improved sentiment supported the rebound, while broader markets also gained. Realty stocks led sectoral advances, whereas PSU banks lagged amid marginal weakness in select heavyweight stocks.
Sunshine Pictures’ Rs 282-crore IPO drew overwhelming demand, subscribing 105.81 times. Allotment is expected on August 21, with listing scheduled for August 25 on BSE and NSE. The latest grey-market premium of Rs 80 suggests potential 22% gains. Investors can check allotment via Bigshare, NSE or BSE using PAN or application details.
Rising crypto Futures trading volumes in India do not signal market maturity, writes Vikram Subburaj, CEO of Giottus.com. High leverage inflates turnover without building spot market depth. True maturity requires transparent disclosures, robust spot liquidity, strict asset segregation, verifiable custody, and stronger investor protection safeguards on compliant onshore platforms.
This month, foreign investors have significantly channeled capital into Indian financial stocks, while also increasing their investments in automobiles and consumer services, marking a clear shift in sector preference. Notably, healthcare and IT sectors have drawn substantial foreign interest, in contrast to sizeable foreign sell-offs in telecom and capital goods. This trend highlights a noticeable inclination towards more defensive and liquid market areas.
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