Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central bank’s monetary policy outlook.
Buying interest was seen in IT, media and pharma shares, while FMCG, auto and realty stocks lagged.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 118.93 points or 0.15% to 77,049.29. The Nifty 50 index rose 5.75 points or 0.02% to 24,096.60.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.20% and the BSE 250 SmallCap Index jumped 0.33%.
The market breadth was positive. On the BSE, 2,146 shares rose and 1,975 shares fell. A total of 277 shares were unchanged.
Gainers & Losers:
Tata Consultancy Services (up 4.35%), HCL Technologies (up 3.27%), Tech Mahindra (up 3.22%), Infosys (up 2.93%) and Wipro (up 2.85%) were the top gainers.
Shriram Finance (down 1.32%), ICICI Bank (down 1.27%), Asian Paints (down 1.25%), Mahindra Ultratech Cement (down 1.20%) and Tata Steel (down 1.18%) were the top losers.
Stocks in Spotlight:
Tejas Networks jumped 8.65% and Tata Consultancy Services (TCS) gained 4.35% after Tejas Networks received a Letter of Intent (LoI) from TCS for supplying equipment for Bharat Sanchar Nigam’s (BSNL) 4G mobile network.
Great Eastern Shipping Company advanced 1.06% after the company’s board approved a share buyback of up to Rs 900 crore through the open market route at a maximum price of Rs 1,530 per equity share. Under the buyback, the company will purchase up to 58,82,352 fully paid-up equity shares of face value Rs 10 each, representing up to 4.12% of the company’s total paid-up equity share capital as on 27 August 2026.
RailTel Corporation of India shed 0.05%. The company announced that it has secured a work order worth Rs 38.59 crore from the Cotton Corporation of India (CCI) for cloud data centre services.
Ather Energy surged 8.84% and Hero MotoCorp rose 1.52% after Hero MotoCorp's board approved the purchase of additional shares in Ather Energy. Hero MotoCorp currently holds 29.88% of Ather on a fully diluted basis. Following the purchase, its stake will increase to up to around 32.8%. The transaction will be completed by 3 September 2026. Hero MotoCorp will pay cash consideration of up to Rs 1,758 crore for the additional shares.
Yatharth Hospital & Trauma Care Services rose 1.15% after a report said Advent International and Blackstone-backed Aster DM Quality Care were in discussions to acquire a controlling stake in the hospital chain.
Wipro rose 2.43% after the company announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic artificial intelligence (AI).
Global Markets:
European equities climbed alongside Asian stocks, with technology shares spearheading gains following Nvidia’s strong results and upbeat outlook.
Meanwhile, inflation in Tokyo, a leading indicator of nationwide price trends, remained close to the Bank of Japan's 2% target in August. Core consumer prices, which exclude volatile fresh food prices, rose 1.8% year-on-year, up slightly from 1.7% in July and broadly in line with expectations. A measure excluding both fresh food and fuel was around 2%, keeping attention on the Bank of Japan's monetary policy outlook.
All three major US indices closed higher on Thursday, led by a sharp rally in technology stocks following Nvidia's results and upbeat revenue outlook. The Dow Jones Industrial Average rose 0.20% to 53,569.00, while the S&P 500 gained 0.72% to 7,730.99 and the Nasdaq Composite advanced 1.57% to 26,541.00. Nvidia surged 8.7% after its strong results and forecast reinforced expectations of sustained demand for AI infrastructure. Salesforce jumped 22.6%, while CrowdStrike gained 20.5%, adding to the technology-led rally.
US initial jobless claims fell by 4,000 to 203,000 in the week ended August 22, compared with economists' expectations of 208,000, signalling continued resilience in the labour market. The data could reinforce the case for the Federal Reserve to remain cautious on rate cuts, particularly as inflation remains above its 2% target.
Separately, the US goods trade deficit widened sharply to $118.8 billion in July from the previous month, the widest gap since March 2025. Exports fell 2.9%, while imports rose 3.7%, with strong imports of capital goods linked to artificial intelligence investment contributing to the increase. The wider trade deficit could weigh on third-quarter economic growth.
Crude oil prices rose on Thursday after a media report said the Trump administration was not interested in returning to the terms of a June memorandum of understanding with Iran, raising doubts over efforts to ease supply disruptions around the Strait of Hormuz. Brent crude settled 2.1% higher at $89.70 a barrel. Oil prices, however, eased in early Asian trading on Friday.
Attention now shifts to Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. Investors will closely parse his comments for clues on the Fed's approach to inflation and interest rates, particularly as inflation remains above the central bank's 2% target and longer-term Treasury yields remain elevated.
SunShine Pictures will list today on the stock exchanges. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO was fixed between Rs 342 and 360 per share. The offer received bids for 58.04 crore shares as against 54.86 lakh shares on offer. The issue was subscribed 105.81 times.
Sankesh Jewellers IPO will list on the bourses today. The offer received bids for 7.74 crore shares as against 2.76 crore shares on offer. The issue was subscribed 2.80 times. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO was fixed between Rs 88 and 93 per share.
Stocks To Watch:
Tata Consultancy Services (TCS) announced a strategic partnership with Porsche AG for enabling AI services across the mobility value chain for Porsche. As part of the deal, TCS will establish a dedicated AI Mobility Centre of Excellence for Porsche to drive innovation across manufacturing, engineering, operations and customer experience. The company will acquire Porsche AG arm MHP Management for 320 million euros
ICICI Bank priced $1 billion Senior Unsecured Fixed Rate Notes under its $7.5 billion Global Medium Term Note Programme. The notes have a five-year tenure and will mature on 27 August 2031. The notes carry a coupon rate of 5.410%, with interest payable semi-annually on 27 February and 27 August each year until maturity.
Hindustan Copper said the Government of India will sell a 3% stake in the company through an offer for sale (OFS), with an additional 3% stake available under the green shoe option in case of oversubscription. The OFS has a floor price of Rs 514 per share.
Afcons Infrastructure has received an arbitral award of Rs 335.50 crore, comprising a principal amount of Rs 152.25 crore and pre-award and pendente lite interest of Rs 183.25 crore. The interest was calculated at the SBI Base Rate with quarterly rests for the period from 1 May 2019 to 24 August 2026.
UCO Bank's board has approved raising of foreign currency fund to the extent of $1.00 Billion , in one or more tranches, by issuance of Debt Instruments through Medium Term Note (MTN) Programme.
Brigade Hotels Ventures announced the appointment of Vinay Gupta as Chief Executive Officer (CEO).
Great Eastern Shipping (GE Shipping)’s board is scheduled to meet on 27 August 2026, to consider buyback proposal.
Tata Consultancy Services (TCS) announced a strategic partnership with Porsche AG (ETR: P911) for enabling AI services across the mobility value chain for Porsche. The partnership is reinforced by a five-year strategic deal from Porsche.
As part of the deal, TCS will establish a dedicated AI Mobility Centre of Excellence for Porsche to drive innovation across manufacturing, engineering, operations and customer experience. TCS, through its subsidiary, will acquire 100% of MHP Management- und IT-Beratung GmbH (MHP), Porsche's Germany-based management and IT consulting subsidiary.
MHP brings strong automotive and industrial consulting and implementation experience, with strengths in business transformation, AI, SAP, manufacturing digitalization, and connected mobility. Its long-standing track record in delivering complex automotive and industrial transformation programs will complement TCS' global scale and engineering prowess.
In the cash market, the Nifty 50 index advanced 153.55 points or 0.64% to 24,231.85.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 6.57% to 10.58.
HDFC Bank, Tata Consultancy Services and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The August 2026 F&O contracts will expire on 25 August 2026.
Tata Consultancy Services (TCS) has launched TCS ADD™ AgentHub, a role-based, enterprise ready, and trusted AI platform that enables the use of agentic AI in drug development at scale. This new agentic AI workforce transforms clinical trials and pharmacovigilance services while maintaining regulatory and audit requirements.
Pharmaceutical companies function in highly regulated environments, where they face challenges with trust, governance and scalability when applying AI across functions. Growing data volumes, fragmented systems, and increasing regulatory expectations across clinical development and pharmacovigilance are adding complexities to the entire R&D value chain.
TCS ADD™ AgentHub provides a structured framework to mitigate these challenges. Within the framework AI agents can operate with clear roles, defined oversight, and built‑in auditability. Pharma companies can custom build their AI agent hub and deploy them across clinical workflows. The platform allows rapid and streamlined integration with minimal effort, accelerating adoption while maintaining regulatory compliance.
Built on the TCS ADD™ framework, TCS ADD™ AgentHub delivers measurable operational benefits across drug development and drug safety functions. Solutions powered by the platform have demonstrated up to 40% efficiency gains in clinical data management activities, up to 30% reduction in clinical study build effort through metadata-driven automation, and up to 30% cost savings in end-to-end safety case processing. AI powered safety agents can also reduce quality control effort by as much as 50%, helping organizations improve productivity across critical R&D processes.
Built on the TCS ADD™ agentic AI architecture, TCS ADD™ AgentHub enables pharma companies to deploy a Human + AI Operating Model in which AI agents are embedded into enterprise workflows, with humans retaining responsibility for governing and decision‑making.
Tata Consultancy Services (TCS) has announced a strategic partnership with Vodafone Business, the enterprise arm of VodafoneThree — the United Kingdom's largest mobile operator. This synergy will help customers modernise technology, accelerate digital adoption, reduce complexity, and scale to achieve stronger business outcomes and customer experience.
The partnership will support collaboration across priority areas such as cloud transformation and migration, AI and automation, cyber security, network modernisation and digital infrastructure, data and analytics, IoT and connected business applications, managed services, and operational transformation.
Through this agreement, TCS will help Vodafone Business further strengthen its ability to support UK organisations with secure, resilient, and scalable digital foundations for growth and modernisation. The partnership builds on VodafoneThree's £11 billion investment to create the UK's best network for business. Together, these capabilities will help empower customers across the public sector, healthcare, financial services, manufacturing, retail, and critical national infrastructure sectors.
In the cash market, the Nifty 50 index fell 35.75 points or 0.15% to 24,435.95.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.58% to 11.67.
Tata Consultancy Services (TCS), HDFC Bank and Godrej Consumer Products (GCPL) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
Tata Consultancy Services (TCS) and Google Cloud have set up a new Gemini Experience Center (GEC) in Mexico City, TCS' second in Latin America and the ninth worldwide.
Located in TCS' Mexico City office, the new facility will empower organizations in the region with advanced AI capabilities and help accelerate the development of solutions that drive innovation, productivity, and data-driven decision-making.
The newly launched GEC is equipped with over 3,000 industry- and context-aware AI agents built by TCS with Gemini Enterprise that integrate seamlessly into customer environments. Some of these AI-led solutions were demonstrated during the launch, including intelligent process assessment, fraud investigation for financial institutions, automated insurance claims processing, and generative AI-powered data acceleration.
Tata Consultancy Services Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2443.9, up 1.91% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.98% on the day, quoting at 24220.8. The Sensex is at 77561.47, up 1.04%. Tata Consultancy Services Ltd has added around 20.3% in last one month.
Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has added around 18.42% in last one month and is currently quoting at 30418.35, up 2.38% on the day. The volume in the stock stood at 51.49 lakh shares today, compared to the daily average of 50.19 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 2436.9, up 1.31% on the day. Tata Consultancy Services Ltd is down 19.97% in last one year as compared to a 2.55% fall in NIFTY and a 12.23% fall in the Nifty IT index.
The PE of the stock is 16.11 based on TTM earnings ending June 26.