Market Bizzz

Madhusudan Kela’s disclosed portfolio of 19 stocks was worth about Rs 2,665 crore as of August 14. Seven holdings gained 10–135% in 2026, while five declined 15–30%, highlighting sharply divergent performances.

Bitcoin hovered near $63,000 as weaker ETF demand and a cancelled SEC meeting weighed on crypto sentiment. Bitcoin and Ethereum declined, while the global crypto market cap slipped 0.4%. Analysts cited subdued momentum, regulatory uncertainty and range-bound trading.

Nifty remains range-bound amid falling volatility, with 24,200–24,150 as key support and 24,550–24,600 as resistance. Options data shows strong Put writing, suggesting limited downside. Analysts prefer PSU banks, while defence, auto and chemicals remain technically strong.

The S&P 500’s streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied Materials saw its shares slump, dragging down AI-related stocks. In contrast, rising oil prices helped lift the energy index. Reddit experienced a surge following news of its index inclusion.

Nvidia has unveiled a major financing initiative aimed at supporting artificial intelligence chip acquisitions. By collaborating with prominent financial institutions, the plan seeks to provide substantial debt solutions tailored for AI startups. This multifaceted financing strategy is designed to address the skyrocketing demand for computing power, ultimately fostering the essential digital and AI infrastructure development needed in the tech industry.

Alphabet’s initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company. Other early backers like Fidelity Investments and Saudi Arabia’s PIF also hold substantial stakes.

He believes the second half could increasingly become an earnings-driven market, even as global macro risks remain in the background.

The public issue, which was open for subscription between August 7 and August 11, was subscribed 8.38 times overall. The retail investor portion was booked 1.71 times, while the qualified institutional buyers (QIB) category saw 16.84 times subscription and the non-institutional investor (NII) segment was subscribed 12.64 times.

The healthy GMP comes after an impressive subscription response. The IPO, which was open from August 7 to August 11, was subscribed 38.69 times overall, reflecting robust investor appetite across investor categories.

Astral Ltd., Balkrishna Industries Ltd. and SBI Cards and Payment Services Ltd. will be removed from the MSCI India Index. Astral and Balkrishna Industries will, however, be moved to the MSCI India Smallcap Index.