Indian benchmark indices faced profit booking, with Nifty declining by 1.22% and Sensex shedding 925 points. FMCG outperformed, while Defence and IT sectors declined. Analyst Sudeep Shah suggests a cautious, stock-specific approach amid global tariff uncertainty and Q1 earnings. Nifty’s fall below key levels signals weakness, while Bank Nifty remains range-bound. Tourism, CPSE, and PSE sectors show relative strength.
IPO rush continues: 7 issues to raise over Rs 1,400 crore this week
This week, investors can look forward to three mainboard initials and four SME IPOs, with a combined goal of raising over ₹1,400 crore in the
August 31, 2026