Today marks the end of bidding for Augmont Enterprises' IPO, which has attracted considerable interest from investors. The grey market premium forecasts promising gains upon listing. Retail and non-institutional subscriptions have been impressive. The anticipated proceeds will support working capital and other general needs, with the company’s stock expected to debut on NSE and BSE on August 31, 2026.

The government has announced its intention to divest a 3% holding in Hindustan Copper through an offer for sale, commencing for non-retail investors on August 25, with retail options shortly thereafter. The share floor price is pegged at Rs 514, below the closing value. If the offer is met with high demand, an extra 3% may be available.

Anil Rego, Managing Director & Chief Investment Officer at Right Horizons PMS, believes the worst of the valuation-led correction may be behind us, while a broadening earnings recovery could provide the catalyst for the next leg of the market.

Bitcoin climbed above $80,000 for the first time since mid-May, extending a 23% weekly rally, its biggest in about three years. The surge reflects renewed optimism around crypto markets amid a combination of bullish signals and the liquidation of billions of dollars in leveraged bets. Despite the recovery, Bitcoin remains well below its October peak of around $126,000.

India’s derivatives market is set for its first monthly expiry under the new auction-based closing price system, marking a crucial test for the mechanism after concerns over sharp price swings and alleged manipulation. Introduced on August 3, the system has so far handled regular sessions and a weekly expiry. Tuesday’s monthly expiry will bring stock futures and options into play.

Strong momentum in Beauty & Cosmetics, a recovery in Oral Care and the ramp-up of its Thailand operations are expected to support growth, while investments made ahead of the curve could drive operating leverage and help sustain underlying EBITDA margins around 20%.

Private credit, REITs, InvITs and PMS are gaining interest for their potential to provide differentiated return streams, contractual cash flows and exposure to India’s growth story.

Brokerages remain bullish on a set of stocks across sectors, with strong upside potential seen in Tata Consumer Products, Hexaware Technologies, Welspun Corp, Navin Fluorine International and Urban Company.

The retail portion was subscribed 2.42 times, while the qualified institutional buyers (QIBs) category recorded 1.32 times subscription. The non-institutional investors (NIIs) segment saw stronger demand, with the issue subscribed 5.68 times.

The IPO, which was open for subscription between August 18 and August 20, received a blockbuster response from investors, with the issue subscribed 105.81 times overall.

Today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Wednesday, making them eligible for the stock split.

On August 24, four Nifty500 stocks that gained 4% were identified using the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below, indicating strengthening price momentum and potential upward movement in the stocks.

As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.

Brent crude futures were up 6 cents, or 0.1%, at $92.16 a barrel, while U.S. West Texas Intermediate crude was up 15 cents at $85.12. Both contracts fell more than 2% on Monday, with U.S. crude touching a one-week low as investors took profits following a rally over the previous two weeks.

On Tuesday, the U.S. dollar showed weakness against key currencies as investors reacted to new sanctions on Iran and attempts to reduce Treasury yields. The euro and pound both saw minor increases, approaching their recent highs. Additionally, Bitcoin enjoyed a notable weekly surge, bolstering its upward trajectory. Market watchers are eager for insights from Federal Reserve Chair Warsh's upcoming address regarding potential policy shifts.

Gold prices experienced an uptick on Tuesday, fueled by news of Treasury buybacks. The market's focus is now on significant U.S. inflation data and a forthcoming address from the Fed Chair. Analysts are eager for indications regarding interest rates and bond yields. Citi has upgraded its gold price projections, suggesting a likely easing of geopolitical tensions and a decline in real interest rates.

Indian stock markets have disappointed investors with negative returns over two years. The Sensex has shown its worst two-year performance since 2012. Indices have not struck a new all-time high for 697 days. This extended period marks a significant downturn for market performance. Investors are facing a challenging and prolonged market slump.

On Tuesday, oil prices found stability following a notable decline on Monday. Investors are currently evaluating newly imposed U.S. sanctions that aim to target Iran's economy without resorting to military force. An incident involving an oil tanker near Oman has raised concerns about shipping safety. Additionally, the U.S. has reported a significant decrease in its strategic oil reserves, marking a historical low.

InCred recently welcomed three senior professionals from the competition, Avendus, to establish a dedicated platform aimed at ultra-high-net-worth individuals. Their wealth division has now achieved assets exceeding one lakh crore. As India's ultra-high-net-worth population continues to surge, this initiative is set to tap into a flourishing segment of wealthy clientele.