Morning Alert..
*India to sustain 7% growth in FY27 despite global headwinds: FM Sitharaman*
India is likely to sustain economic growth of 7 per cent or more in 2026-27 (FY27), continuing the pace recorded in the years since the Covid-19 pandemic, Finance Minister (FM) Nirmala Sitharaman said on Sunday. “Since then (Covid), we have been sustaining growth at 7 per cent or more. This year too our growth will be in that range,” Sitharaman said while addressing the Indian diaspora in Chicago, United States. India was likely to maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions following the US-Iran conflict and the closure of the Strait of Hormuz, the finance minister noted. “Continuously keeping in touch with global uncertainties as much as understanding India’s own requirements have kept us floating. Whereas many countries are completely disturbed, their calculations have gone haywire,” she said. The disruption in the Strait of Hormuz initially affected supplies of key commodities such as petroleum products, natural gas and fertilisers to India, but the country managed to reroute supplies, Sitharaman said. The government has also kept fertiliser prices unchanged for farmers through subsidies despite a sharp rise in international prices, she said. “The forthcoming season will also require fertilisers from November. We are adequately stocked.”
*Global market action*
Dow Jones – Down by 0.30% or 158.22 points
FTSE – Flat
CAC – Up by 0.97% or 81.31 points
DAX – Up by 0.76% or 202.75 points
Gift Nifty – Down by 0.32% or 78.00 points
*FII/DII activities*
FII – Sold 5039.80Cr worth of shares
DII – Bought 5183.93Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 20.4x
Nifty Bank – 13.6x
*Stocks with high delivery percentage*
GMR Airports Ltd – 86.3%
Coal India Ltd – 79.4%
Balkrishna Industries Ltd – 77.2%
Kotak Mahindra Bank Ltd – 75.5%
GAIL India Ltd – 75.4%
*Primary market activities*
IPOs opening today
Purple Style Labs Ltd (Main board) – Issue size 680Cr
Phychem Technologies Ltd (BSE SME) – Issue size 14.58Cr
Shanti Inorganics Ltd (NSE SME) - Issue size 47.24Cr
Ashutosh Fibre Ltd (NSE SME) - Issue size 56.35Cr
Listing today
Augment Enterprises Ltd (Main board) – Subscribed 77.99x
*Commodities updates*
Gold – Rs 156255/10gm, Silver – Rs 236700/kg, Brcrude – Rs 7988/barrel, Copper – Rs 1381.60/kg.
August 31, 2026 3.7K 1
