Some support will come as foreign portfolio investors (FPIs) pumped in a net of just Rs 986 crore in Indian equities during August
Jammu & Kashmir Bank (J&K Bank) on Saturday announced that its board will meet on 2 September 2021 to consider raising of capital (Tier I/Tier II).
Beijing is reportedly looking at new rules that would restrict domestic internet firms from going public in the US.
The Federal Reserve will start dialling back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said.
According to the estimates of the IMF, the global economy would recover smartly in 2021 and would continue strong in 2022.
Markets could also be impacted by an eventful economic calendar that begins with quarterly GDP growth rate numbers, followed by auto sales numbers.
The Nifty Metal index was the star of the day with gains of 1.63%, followed by the Nifty Pharma index advancing 1.38%.
Sensex settled 175.62 points or 0.31% higher at 56,124.72, while the broader NSE Nifty gained 68.30 points or 0.41% to close at a record 16,705.20
A temporary breather after ~8% rally over the past four weeks would present an incremental buying opportunity to build a quality portfolio.
Here is the list of top stocks that could be in focus on August 27, Friday.