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Full issue · 2026-08-28

Market Pulse: 28 August 2026 - Pre-Market Update

Market snapshot

Nifty 5024,090.85-0.48%
Sensex76,933.59-0.70%
Bank Nifty57,509.95-0.47%

Previous close · 27 Aug 2026 · Nifty is trading at the 44th percentile of its range over the last 252 sessions.

In the previous session, Indian markets experienced a modest decline with narrow breadth. A key factor was the US lawsuit against HDFC Bank, which led to a notable drop in its share price, affecting overall market dynamics. Global geopolitical tensions also played a role, particularly with the US nearing a deal to secure Venezuelan oil fields and escalating economic pressure on Iran. These developments contributed to uncertainty in the energy and banking sectors.

The big story

US nears deal to secure stake in Venezuelan oil fields, insiders say

US is close to securing a stake in Venezuelan oil fields.

News

India is set to launch its first tokenized corporate bond, marking a significant step in the country's financial innovation.
Tempsens Instruments is listing its IPO today, with analysts predicting a potential 110% listing gain due to strong business fundamentals.
Annu Projects' ₹175 crore IPO is set to conclude today, with the funds aimed at purchasing machinery and funding working capital requirements.
India’s Bank of Baroda has introduced UPI global QR payments for foreign visitors, enhancing the ease of transactions for international tourists.
Canadian Minister Champagne emphasized the importance of strengthening economic ties with India during his recent visit, highlighting opportunities for collaboration in technology and innovation.
Industry leaders in India are advocating for cooling security to be prioritized as the nation progresses towards its Viksit Bharat 2047 vision.
A report by Julius Baer and EY predicts that Indian family office assets are expected to grow by 1.5 times over the next three years.
ESDS Software Solutions is launching a ₹720 crore IPO to support its growth initiatives, focusing on infrastructure and managed services.

Stocks Updates

Bajaj Finance: allotted NCDs worth ₹5,000 crore at an 8.15% coupon, maturing in August 2036.
Bharat Electronics: received orders worth ₹730 crore since the last disclosure on August 10, 2026.
Adani Enterprises: AdaniConneX acquired 100% equity stake of Chandenvalle Infra Park from Adani Power.
Hero MotoCorp: holds 29.88% of the share capital of Ather as of August 25, 2026.
Gabriel India: CRISIL assigned its rating to the company's non-convertible debentures.
Life Insurance Corporation Of India: subscribed to NCDs worth ₹5,000 crore of Bajaj Finance Limited.

FII / DII activity

FIISold ₹298.26 Cr
DIIBought ₹4,977.17 Cr

FIIs sold ₹298.26 Cr, DIIs bought ₹4,977.17 Cr today.

Market breadth

Nifty 500

Advances186
Declines310
A/D ratio0.60
AdvancesDeclines

Limited participation across Nifty 500

Sector performance

12 NSE sector indices, previous close

Pharma+0.84%
Energy+0.01%
Realty-0.06%
IT-0.32%
Fin Services-0.40%
Auto-0.40%
FMCG-0.47%
Bank-0.47%
Infra-0.55%
Metal-0.86%
Media-0.89%
PSU Bank-0.94%

Leaders: Pharma, Energy · Laggards: PSU Bank, Media

Top gainers and losers

Gainers

BHEL₹433.95+4.44%
CGPOWER₹897.90+3.80%
DELHIVERY₹466.00+3.79%
ADANIPOWER₹215.00+3.76%
ZYDUSLIFE₹1,189.20+3.41%

Losers

MANAPPURAM₹348.00-4.76%
CONCOR₹493.05-4.63%
MUTHOOTFIN₹3,085.00-3.80%
HDFCAMC₹2,575.00-3.48%
TATAPOWER₹352.00-3.30%

Commodities & forex

🪙 Gold (10g)₹1,59,189.00+0.12%
🥈 Silver (1kg)₹2,40,573.00-0.03%
USD/INR95.43+2.01%

Global cues

S&P 5007,730.99+0.72%
Nasdaq26,541.35+1.57%
S&P 500 futures7,742.50+0.68%
Nasdaq futures29,695.75+1.39%
Tech stocks powered the Nasdaq higher, with Nvidia leading the rally, according to Yahoo Finance.
MarketWatch reports that the options market is signaling further gains for the S&P 500, though a warning indicator is present.
CNBC notes that Treasury yields remained little changed ahead of the Jackson Hole symposium.
Reuters highlights that Nvidia's forecast lifted both the Nasdaq and S&P 500, as investors anticipate a speech by Fed's Warsh.
Trefis discusses skepticism on Wall Street regarding Google stock.
MarketWatch reports that CrowdStrike's stock surged following record-breaking earnings.
The Los Angeles Times reports that tech stocks led Wall Street gains, driven by Nvidia, Salesforce, and others citing AI growth.

Technical levels

Nifty support24,021.98 / 23,953.12
Nifty resistance24,228.58 / 24,366.32
Bank Nifty support57,342.47
Bank Nifty resistance57,844.92

Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term trend is soft.

Corporate actions

Upcoming dividends

Honasa Consumer
Dividend ₹3.00/sh · ex 28 Aug
Poly Medicure
Dividend ₹3.50/sh · ex 28 Aug · record 29 Aug
SWAN CORP
Dividend ₹0.15/sh · ex 28 Aug

Term of the day

Open interest

Open interest is the number of outstanding derivative contracts that have not been closed or settled.