Market Bizzz

Oil prices experienced a minor decline on Thursday amid advancing negotiations. Market watchers are closely monitoring the prospective US-Iran peace treaty, which could enable access to the key Strait of Hormuz. While experts expect oil prices to stabilize with an uptick in supply, ongoing disruptions in essential shipping routes present potential risks for upward price fluctuations.

The IPO, which remained open for subscription from July 30 to August 3, witnessed an overwhelming response across investor categories. The issue was subscribed 188.85 times overall, reflecting robust demand.

In this edition of ETMarkets AIF Talk, Sandeep Agarwal, CEO & CIO of Modulus Alternatives, explains why successful private credit investing goes far beyond chasing high yields.

While the near-term outlook remains clouded by inflation concerns and margin pressures, Rakesh Vyas, CIO & Portfolio Manager at Quest Investment Managers, believes the underlying earnings story for India remains firmly intact.

The OFS opened for non-retail investors on August 4, and saw strong participation. The offer was oversubscribed more than 3 times its offer size. It now opens for retail investors today.

The company’s IPO is currently commanding a grey market premium (GMP) of around Rs 3, or nearly 1% over the upper price band of Rs 590 per share, indicating an estimated listing price of Rs 593. While the GMP is widely tracked as a gauge of investor sentiment, it is an unofficial and unregulated indicator and should not be considered a reliable predictor of listing-day performance.

He also shares why India deserves a place in every diversified global portfolio, the structural themes that could drive wealth creation over the next decade, and the role alternative investments can play in strengthening NRI portfolios.

Nifty companies have reported stronger-than-expected first quarter earnings results. Profits for index constituents have risen eleven percent year on year. Reliance Industries and SBI Life Insurance received significant FY27 earnings upgrades. Bajaj Finserv and Shriram Finance also saw notable upward revisions. ICICI Bank and Nestle India are among other firms with improved forecasts.

Vedanta announced plans to demerge its real estate business into a new company. Shareholders will receive one share of Vedanta Property Platforms for every twenty shares held. This new entity will later debut on the stock exchanges, listing on BSE and NSE. The demerged real estate portfolio includes significant land and property assets across India. This move follows Vedanta’s recent five-way business split, aiming to unlock shareholder value.

Five stocks in the Nifty500 pack that gained over 5% featured in the RSI Trending Up scan on July 31 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.