First Pass

90 stories from 2 sources

Markets sell off as IPO ambitions and earnings risks collide

Day’s Recap

Supporting Articles

The Sensex and Nifty extended their declines for a seventh session, with the Nifty falling below 23,100 amid broad selling pressure. Bajaj Finserv and Bajaj Finance led losses, while HCL Tech and Infosys gained against the wider market trend.

11:59 PMEconomic Times

Brokerages have produced a combined list of 50 stock ideas following strong first-quarter earnings across sectors including banking, automobiles and defence. The recommendations favour companies with resilient earnings and solid financial fundamentals.

11:31 PMEconomic Times

India Inc's strong first-quarter earnings may lose momentum in the second half as favorable base effects and consumption support fade. A weaker rupee and higher commodity costs could also limit profit growth despite the earlier boost to results.

11:09 PMEconomic Times

NSE is targeting a valuation of about $55 billion in an IPO expected to launch in the second half of September. The proposed offering contrasts with weaker investor favor toward rival BSE shares.

10:30 PMBloomberg Markets

The National Stock Exchange of India is reportedly seeking a valuation of up to 5.26 trillion rupees, or about $55 billion, in its planned initial public offering. The proposed valuation would make it one of India's largest listings.

1:05 AMBloomberg Markets

India is considering reducing the import duty on sugar after domestic prices reached a record. The move would increase overseas supply and ease pressure on consumers and food producers.

4:00 AMBloomberg Markets

Other Developments

A curated list of other prominent stories from this day.

The update reports on Britannia Industries' current trading status. No specific share-price movement, earnings development or market catalyst is included in the available details.

11:55 PMEconomic Times

The update reports that Systematix issued a new recommendation on JSW Steel shares. The available details do not state the rating, target price or reasoning behind the recommendation.

11:46 PMEconomic Times

The article provides live updates on Maruti Suzuki's share price and reviews the stock's recent performance. No specific price movement, market trigger, or financial development is provided in the available summary.

11:46 PMEconomic Times

Axis Securities identified Navin Fluorine International, VA Tech Wabag, Jubilant Ingrevia, Mold-Tek Packaging and Aarti Industries as stocks with potential upside of up to 25%. The recommendations are based on their earnings outlook and expected growth trajectories.

11:38 PMEconomic Times

KFin Technologies, Bosch, Sona BLW Precision Forgings and Voltas recorded sharp increases in futures open interest on August 18. The rise indicates greater derivatives participation in these four NSE F&O stocks.

11:36 PMEconomic Times

Four Nifty500 stocks rose more than 5% on August 18 and triggered StockEdge's White Marubozu bullish scanner. The pattern points to strong buying during the session and possible continuation of upward momentum.

11:26 PMEconomic Times

Make it yours

Build Your First Pass.

Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!