Top 10@10: Stocks at weekly lows, major relief for Subhash Chandra, HDFC Bank’s day in court & Nvidia surges

Markets slip to a one-week low, DIIs don't blink

Sentiment turned sour on Thursday, with the Sensex shedding 539 points to 76,933 and the Nifty slipping below 24,100 to a one-week low. FIIs snapped a three-day buying streak to turn net sellers, but DIIs held firm, pumping in nearly ₹5,000 crore. Oil offered little comfort on the currency front, Brent eased toward $87 on hopes of a Hormuz breakthrough even as Russia-Ukraine tensions escalated.

Market at close: Sensex sheds 539 points, Nifty ends below 24,100; HDFC Bank drags

Indian equity benchmarks ended sharply lower today, with the broader NSE Nifty50 closing below 24,100 and both the Sensex and Nifty finishing at one-week lows. The benchmark 30-share BSE Sensex fell 539 points to 76,933, while the Nifty lost 117 points to 24,091.

Read more

Also watch: Nifty below 24,100, Sensex down 539 points; metals drag, pharma outperforms

FIIs turn sellers after three days, but DIIs pump nearly ₹5,000 crore into stocks

Foreign institutional investors (FIIs) returned to selling Indian equities, snapping three straight sessions of buying, while domestic institutions continued to pour money into the market. FIIs sold a net ₹298.26 crore worth of shares They bought equities worth ₹15,276.94 crore and sold ₹15,575.20 crore during the session.

Read more

Oil prices fall as Hormuz deal hopes rise, even as Russia-Ukraine tensions escalate

Oil prices extended their decline, as investors weighed diplomatic progress in West Asia even as tensions seemed to escalate between Russia and Ukraine. Brent crude was trading around the $87 per barrel mark, while the West Texas Intermediate crude slipped 0.7% to $81.67 a barrel, extending the week's decline to roughly 6%.

Read more

Also read: Rupee falls 11 paise to close at 95.55 against US dollar

HDFC Bank's legal test, and a Nifty on watch

Friday's session will carry a cautious undertone, with analysts flagging further downside risk for the Nifty after its weakest close in six sessions. HDFC Bank stays firmly in focus, its US class-action defence now hinges on whether a ₹45-crore payment to MSRDC was a sponsorship, as the bank maintains, or a disguised return sweetener, as the lawsuit alleges. Elsewhere, Adani Power, BPCL, Wipro and Lenskart are among the stocks to track, while Singapore Airlines' guarded response to Air India's $1.5 billion funding request adds a fresh wrinkle for the aviation space.

Stocks to watch for August 28: Adani Power, BPCL, Wipro, Lenskart and more

From BPCL management warning that volatility will remain a feature of the energy industry at its AGM to RPP Infra Projects losing a ₹205.89-crore contract for the proposed Global Sports City in Chennai and the Lenskart block deal, here are the stocks to track ahead of Friday’s trading session.

Read more

Nifty outlook for August 28: Index falls 116 points, slips below 24,100; analysts see more weakness

Watch Here:

The market's choppy movement with a weak bias continued for the second consecutive session on Thursday, with the Nifty falling 116 points to close at 24,090. The index opened 70 points higher but reversed sharply during the session, giving up more than 200 points from the day's high and ending near its lowest level of the day. It was also the Nifty's weakest close in six sessions.

Read more

HDFC Bank's US lawsuit defence hinges on one key question

The key question in HDFC Bank's US class action lawsuit is what the ₹45-crore payment to the Maharashtra State Road Development Corporation was actually for, according to HP Ranina, Senior Advocate, Supreme Court. The bank has said the payment was a sponsorship, while the lawsuit alleges that it was linked to giving MSRDC a higher return on its deposits.

Read more

Also watch: HDFC Bank MSRDC controversy escalates into a formal US securities lawsuit; Co vows vigorous defence

‘Singaporeans don’t owe Air India a living’: MP flags $1.5 billion funding ask

Singapore Airlines (SIA) said it remains supportive of Air India’s transformation programme but has not committed to providing fresh capital to the Indian carrier. In a statement, SIA said its board would “carefully consider” any request for additional capital from Air India, taking into account the group’s own capital requirements as well as Air India’s business strategy.

Read more

Also watch: No one owes Air India a living: Singapore MP questions airline's $1.5 billion ask

India's BRICS moment, Google-Adani face scrutiny, Nvidia rides the AI wave

India's global positioning will centre stage as New Delhi prepares to host the 18th BRICS Summit on September 12-13. Meanwhile, the Google-Adani data centre project in Visakhapatnam is under scrutiny after Andhra Pradesh's environmental regulator defended its clearance in an ongoing High Court case. Globally, Nvidia's stock jumped nearly 8%, adding about $359 billion in market value, after an upbeat AI revenue outlook and a new Hugging Face deal boosted sentiment.

NCLT clears Subhash Chandra's ₹6.5 cr repayment plan; he says firms repaid ₹43,000 cr of dues

The National Company Law Tribunal (NCLT) has approved a repayment plan proposed by Dr Subhash Chandra in his personal insolvency resolution process, clearing the way for the plan to take effect after it received support from more than 80% of creditors.

Read more

BRICS Summit 2026: What to watch as India hosts leaders of expanding bloc

The 18th BRICS Summit will take place in New Delhi on September 12-13, with India seeking to turn its year-long chairship into concrete outcomes on trade, finance, technology, climate resilience and cooperation across the Global South.

Read more

Google-Adani data centre in Vizag under scrutiny after PIL in Andhra Pradesh HC

Google’s proposed data centre in Visakhapatnam has come under scrutiny after the State Environmental Regulatory Authority of Andhra Pradesh defended the environmental clearance (EC) granted to the project in an affidavit filed before the Andhra Pradesh High Court.

Read more

Also watch: Google and Adani's data centre faces legal scrutiny over environmental concerns In Andhra Pradesh

Nvidia jumps nearly 8% as strong AI outlook, Hugging Face deal lift sentiment

Nvidia shares surged on Thursday, August 27, after the chipmaker’s upbeat long-term revenue outlook strengthened investor confidence in continued demand for artificial intelligence infrastructure. Shares jumped 7% at the open, adding about $359 billion to the chipmaker’s market value.

Read more

Also read: Meta's social media settlement leaves its money machine unscathed