Morning Aalert..
*Core industries growth slows to 5.4% in July as iron ore, power ease*
Growth in India’s nine core sectors decelerated to 5.4 per cent in July from an upwardly revised 6 per cent in June, as five of the nine sectors recorded a deterioration in performance compared with the previous month, according to provisional data released by the Ministry of Commerce and Industry on Thursday. The reading marked the second print under the new series, with 2022-23 as the base year. The series replaced the earlier 2011-12 base and expanded the basket to nine sectors from eight with the addition of iron ore. The overall index rose to 121.2 in July from 120.7 in the previous month. Electricity, which has the highest weight of 30.9 per cent in the index, saw its growth slow to 9 per cent from 11.4 per cent in June. Iron ore, which carries a weight of 4.9 per cent, was the single largest contributor to the slowdown in the headline print, with growth more than halving to 29.5 per cent in July from 44.5 per cent in June. “This alone exerted a downward pressure to the tune of 95 basis points on the core output print in July relative to the previous month,” said Aditi Nayar, chief economist at Icra. Data showed that six of the nine sectors registered positive growth during the month. Iron ore, electricity, cement, steel, refinery products and coal remained in positive territory, while natural gas, crude oil and fertilisers contracted.
*Global market action*
Dow Jones – Up by 0.05% or 24.26 points
FTSE – Up by 0.04% or 4.81 points
CAC – Down by 0.58% or 48.82 points
DAX – Down by 0.42% or 108.29 points
Gift Nifty – Up by 0.22% or 52.50 points
*FII/DII activities*
FII – Sold 583.36Cr worth of shares
DII – Bought 3537.71Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 20.5x
Nifty Bank – 13.6x
*Stocks with high delivery percentage*
Pfizer Ltd – 86.6%
Apollo Tyres Ltd – 83.4%
Indegene Ltd – 79.3%
Alkem Laboratories Ltd – 76%
*Primary market activities*
IPO opening today
Augmont Enterprises Ltd (Main board) – Issue size 825Cr
Listing today
ENS Enterprises Ltd (BSE SME) – Subscribed 13.11x
Technocrats Plasma Systems Ltd (BSE SME) – Subscribed 142.48x
*Commodities updates*
Gold – Rs 159430/10gm, Silver – Rs 243298/kg, Brcrude – Rs 8300/barrel, Copper – Rs 1372.05/kg.
August 21, 2026 10K
