Market Bizzz

Often backed by deep research, investment moves by mutual fund houses serve as early warnings or signals of shifting market trends.

Gold prices saw a slight decrease because of a stronger dollar. However, worries about President Trump’s actions regarding the Federal Reserve provided some support to gold. Trump’s attempt to remove Lisa Cook raised concerns about the Fed’s independence. Markets anticipate a possible rate cut by the Fed next month.

Oil prices remained relatively stable on Wednesday as the market anticipates new U.S. tariffs on India due to its Russian oil purchases. These tariffs, set to increase significantly, have raised concerns about their potential impact on Indian refiners’ buying habits.

Current Infraprojects’ Rs 41.80 crore IPO opens today, with a price band of Rs 76-80 per share and a strong grey market premium. The company aims to utilize the IPO proceeds for a solar project, working capital, and general corporate purposes. Anchor investors have already infused Rs 11.62 crore into the issue.

Sattva Engineering Construction’s IPO is now open for subscription. The book-building issue is worth Rs 35.38 crore. Grey market premium indicates positive listing expectations. The IPO will remain open until August 29. Allotment is expected on September 1. Shares will likely list on NSE SME on September 3.

Investors seeking dividend income should purchase shares by August 26 to qualify for payouts from companies like Procter & Gamble Hygiene, Vedant Fashions, and Jyothy Labs. These firms, along with others such as Gujarat Pipavav Port and Route Mobile, have set August 27 as the record date for dividend eligibility.

IndusInd Bank shares will be in focus after two key developments. CRISIL reaffirmed its long-term ratings at AA+/Negative on the lender’s debt instruments, covering Rs 55 billion worth of bonds, while retaining short-term ratings at A1+. Separately, NSE Indices announced its semi-annual reshuffle, under which IndusInd Bank will exit the Nifty50 from September 30, 2025.

Godrej Properties has achieved remarkable sales in its new Hyderabad project, ‘Godrej Regal Pavilion,’ selling 683 homes for over ₹1,000 crore. Launched this month, the Rajendra Nagar project spans 1.20 million square feet. The entire project has a developable area of 4.14 million square feet and a revenue potential of ₹3,600 crore. The company also acquired 7.

In the Nifty500 pack, eight stocks closed below their 200-day moving average (DMA) on August 22, according to StockEdge’s technical scan data.

The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) acquisition of up to 24.99% stake in Yes Bank, though SMBC won’t be classified as a promoter. This follows SMBC’s plan to increase its holding to 20% through a secondary purchase from State Bank of India and seven other shareholders.