Oil prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US and Iran are creating disruptions in oil supply throughout the Middle East. While Brent crude futures have seen a slight uptick, WTI futures registered a small decline. Rising fears about supply constraints from key producers are contributing to these price fluctuations.
In an interaction with Kshitij Anand of ETMarkets, Advani also discusses why NRIs remain under-allocated to Indian equities, how they should choose between NRE and NRO accounts, the role of REITs and InvITs, and how a ₹1 crore NRI portfolio could be structured for a 5–7-year investment horizon.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Monday, making them eligible for the stock split.
An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. President Donald Trump also threatened economic retaliation against countries supporting Iran.
Overseas investors showed strong buying in early August, marking four consecutive fortnights of inflows. Financial services and automobiles attracted the highest foreign investment during this period. Broader markets demonstrated resilience, with investors favoring mid-cap names within key sectors. Foreign investors net bought shares worth ₹16,621 crore across sectors during August 1-15. This trend signals a potential turnaround phase in sentiment towards India.
The Indian stock market rebounded on Thursday, marking the end of a downward trend. Major indices Nifty and Sensex enjoyed notable gains, supported by a robust response in midcap and smallcap sectors. A weakening dollar index alongside declining US bond yields positively impacted emerging markets. Nonetheless, bond yields in India increased, influenced by recent hawkish policy discussions.
Indian equity benchmarks ended a seven-session losing streak on Thursday, August 20. The NSE Nifty50 closed higher, reclaiming its 50-day exponential moving average. Several companies, including BPCL and HAL, announced significant corporate developments. RailTel Corporation received a work order, and Saatvik Green Energy secured a module supply order. Manipal Health Enterprises reported a decline in net profit for the quarter.
The S&P ‌500 consumer discretionary sector was one of the biggest drags on the benchmark index, with megacaps including Amazon and Tesla among its biggest index-point weights. Big percentage decliners included Royal Caribbean Group and Carnival ​Corp, which are sensitive ​to fuel prices.
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