Overview
- Sensex fell nearly 400 points and Nifty lost over 100 points in early trade following U.S. tariff warnings from President Trump, as foreign institutional flows remained volatile.
- NSDL shares debuted at ₹880—a 10% premium to the IPO price—and extended gains to ₹920, with experts recommending partial profit booking at ₹880 and a stop-loss at ₹850.
- Godfrey Phillips jumped about 10% after reporting a 56% rise in Q1 net profit, announcing a 2:1 bonus issue and proposing a dividend, while Shree Cement’s shares slipped despite a 2.3% rise in revenue and a 34% EBITDA gain.
- RailTel secured a ₹216.82 crore Letter of Intent from Bihar State Electronics Development Corporation and a ₹166.38 crore advance order from BSNL, though its stock remains down around 10% over the past month.
- Knowledge Realty Trust’s IPO opened on August 5 with a ₹95–100 price band to raise ₹4,800 crore, and Anand Rathi issued a buy recommendation on MIC Electronics, forecasting up to 19% upside within a month.