Market trade sideways; private bank shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 79.80 points or 0.10% to 77,738.87. The Nifty 50 index lost 27 points or 0.11% to 24,306.65.
In the broader market, the BSE 150 MidCap Index gained 0.40% and the BSE 250 SmallCap Index rose 0.70%.
The market breadth was positive. On the BSE, 2,475 shares rose and 1,449 shares fell. A total of 235 shares were unchanged.
Initial Public Offer (IPO):
Annu Projects received bids for 68,12,667 shares as against 1,76,83,000 shares on offer, according to stock exchange data at 11:20 IST on 25 August 2026. The issue was subscribed 0.39 times.
The issue opened for bidding on 25 August 2026 and will close on 28 August 2026. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 151 equity shares and multiples thereof.
Skyways Air Services received bids for 9,03,08,600 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 11:20 IST on 25 August 2026. The issue was subscribed 3.05 times.
The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof.
Symbiotec Pharmalab received bids for 3,23,80,725 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 11:20 IST on 25 August 2026. The issue was subscribed 2.47 times.
The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof.
Hy-Tech Engineers received bids for 47,41,11,315 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 11:20 IST on 25 August 2026. The issue was subscribed 26.13 times.
The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof.
Buzzing Index:
The Nifty Private Bank index rose 1.04% to 27,733.80. The index fell 0.52% in the past two trading sessions.
Kotak Mahindra Bank (up 2.9%), ICICI Bank (up 1.12%), IDFC First Bank (up 0.99%), Bandhan Bank (up 0.95%), Axis Bank (up 0.79%), Federal Bank (up 0.56%), Yes Bank (up 0.4%) fell.
Stocks in Spotlight:
Kuantum Papers rose 2.90% after the company announced the successful restart of Paper Machine-3 (PM3) at its manufacturing facility in Saila Khurd, Hoshiarpur, Punjab, on 26 August 2026.
Sai Parenterals rallied 3.33% after the company announced that its subsidiary, Noumed Pharmaceuticals, has renewed its OTC Medicines Supply Agreement with one of Australia's leading multi-billion-dollar pharmacy chains.
Global Markets:
Asian stocks traded mixed on Wednesday as investors remained cautious ahead of Nvidia's earnings and key US inflation data. Falling crude oil prices and lower US Treasury yields provided some support to risk assets.
Investors remained focused on Nvidia's results, due after the US market close on Wednesday. The earnings are expected to provide fresh clues on the strength of the artificial intelligence investment cycle and the sustainability of elevated technology valuations.
Falling crude oil prices and lower US Treasury yields provided some support to risk assets. Brent crude fell to $86 a barrel mark as Iran and Oman discussed an interim framework aimed at resuming shipping through the Strait of Hormuz. Lower oil prices helped push the US 10-year Treasury yield down to around 4.63%.
Sentiment was also affected by weaker-than-expected US consumer confidence. The Conference Board's Consumer Confidence Index fell to 89.4 in August from a revised 90.2 in July, marking its lowest level in seven months. The decline was driven mainly by a sharp fall in the expectations index, reflecting increased concerns over business conditions and the labour market.
Trade tensions between the US and Canada also intensified. Canada announced targeted counter-tariffs on US goods, matching the corresponding US tariff rates on affected products. The measures, covering about $27.6 billion of US imports, will take effect on 8 September and include tariffs of 15%, 25% and 50%.
Wall Street ended higher on Tuesday. The Nasdaq Composite rose 0.66%, the S&P 500 gained 0.32% and the Dow Jones Industrial Average advanced 0.30%. Technology and semiconductor stocks rebounded ahead of Nvidia's results, with Nvidia rising 2.19% and AMD gaining 4.91%.
Investors are also awaiting the US July Personal Consumption Expenditures price index, due later on Wednesday. The data is closely watched by the Federal Reserve and could influence expectations for the interest-rate outlook.
Meanwhile, Federal Reserve Chair Kevin Warsh is scheduled to speak at the Jackson Hole Economic Policy Symposium on Friday, 28 August. His remarks will be closely watched for signals on the Fed's policy path.
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