Morning alert..
*Russia remains India's largest crude supplier in August: Kpler data*
India’s imports of crude oil from Russia are expected to turn out to be around 2.1 million barrels per day (mbpd) in August, down sharply from the record levels of around 2.6 mbpd seen in July and June this year, the fresh data from maritime intelligence and research firm Kpler shows. Despite the decline in August, Russia remains India’s largest supplier, accounting for more than 40 per cent of the import. Russia is followed by the United Arab Emirates (UAE) at 611,000 barrels per day (or 611 kbpd), Saudi Arabia at 385 kbpd, Venezuela at 383 kbpd, Nigeria at 129 kbpd, and Brazil at 120 kbpd. “The decline does not reflect Indian appetite for Russian oil is weakening. It shows a combination of refinery maintenance, some normalisation after strong buying in recent months, lower Russian export availability, and increasing competition from China,” said Sumit Ritolia, senior manager (modelling), Kpler. In July too, Russia was followed by the UAE at 470 kbpd, Saudi Arabia at 390 kbpd, Venezuela at 218 kbpd, and Oman at 202 kbpd.
*Global market action*
Dow Jones – Up by 0.20% or 106.56 points
FTSE – Down by 0.79% or 85.58 points
CAC – Down by 1.71% or 142.52 points
DAX – Up by 0.31% or 81.28 points
Gift Nifty – Up by 0.21% or 52.00 points
*FII/DII activities*
FII – Sold 298.26Cr worth of shares
DII – Bought 4977.17Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 20.4x
Nifty Bank – 13.6x
*Stocks with high delivery percentage*
HDB financial services ltd - 89.5%
UTI AMC Ltd - 86.8%
Leela palace hotel and resorts ltd - 80.5%
Cemindia projects ltd - 75.5%
*Primary market activities*
IPOs opening today
Complete Sports and management India ltd (BSE SME) - Issue size 74.93Cr
Paluck technologies ltd (BSE SME) - Issue size 31.35Cr
Priority jewels ltd (Main board) - Issue size 91.5Cr
ESDS software solutions ltd (Main board) - Issue size 720cr
*Commodities updates*
Gold - Rs 159050/10gm, Silver - Rs 240580/kg, Brcrude - Rs 8030/barrel, Copper - 1380.5/kg.
August 28, 2026 6.8K 3
