As per provisional closing data, the S&P BSE Sensex tanked 171.72 points or 0.22% to 77,369.11. The Nifty 50 index lost 32.95 points or 0.14% to 24,219.05. Over the last two trading sessions, the Sensex gained 0.82%, while the Nifty advanced 0.72%.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index fell 0.01% and the BSE 250 SmallCap Index shed 0.17%.

The market breadth was negative. On the BSE, 2,041 shares rose and 2,393 shares fell. A total of 254 shares were unchanged.

New Listing:

Shares of Lalithaa Jewellery Mart ended at Rs 248.40 on the BSE, representing a premium of 23.58% as compared with the issue price of Rs 201.

The stock debuted at Rs 265.30 on the BSE, a premium of 31.99% over its issue price.

The stock has hit a high of Rs 274.30 and a low of Rs 244.30. On the BSE, over 88.21 lakh shares of the company were traded in the counter.

Shares of Horizon Industrial Parks ended at Rs 57.95 on the BSE, representing a discount of 3.42% as compared with the issue price of Rs 60.

The stock debuted at Rs 59.65 on the BSE, a discount of 0.58% over its issue price.

The stock has hit a high of Rs 60.20 and a low of Rs 56.60. On the BSE, over 42.25 lakh shares of the company were traded in the counter.

Initial Public Offer (IPO):

Tempsens Instruments (India) received bids for 2,69,65,05,600 shares as against 1,51,81,667 shares on offer, according to stock exchange data at 15:30 IST on 24 August 2026. The issue was subscribed 177.62 times.

The issue opened for bidding on 20 August 2026 and will close on 24 August 2026. The price band of the IPO is fixed between Rs 285 and 300 per share. An investor can bid for a minimum of 50 equity shares and multiples thereof.

Augmont Enterprises received bids for 9,81,61,543 shares as against 77,15,999 shares on offer, according to stock exchange data at 15:30 IST on 24 August 2026. The issue was subscribed 12.72 times.

The issue opened for bidding on 21 August 2026 and it will close on 25 August 2026. The price band of the IPO is fixed between Rs 750 and 788 per share. An investor can bid for a minimum of 19 equity shares and multiples thereof.

Skyways Air Services received bids for 2,85,38,800 shares as against 2,95,83,600 shares on offer, according to stock exchange data at 15:32 IST on 24 August 2026. The issue was subscribed 0.96 times.

The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 131 and 138 per share. An investor can bid for a minimum of 100 equity shares and multiples thereof.

Symbiotec Pharmalab received bids for 92,06,415 shares as against 1,31,24,929 shares on offer, according to stock exchange data at 15:33 IST on 24 August 2026. The issue was subscribed 0.70 times.

The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 938 and 988 per share. An investor can bid for a minimum of 15 equity shares and multiples thereof.

Hy-Tech Engineers received bids for 11,43,59,734 shares as against 1,81,45,406 shares on offer, according to stock exchange data at 15:20 IST on 24 August 2026. The issue was subscribed 6.30 times.

The issue opened for bidding on 24 August 2026 and will close on 27 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 283 equity shares and multiples thereof.

Buzzing Index:

The Nifty PSU Bank index declined 0.93% to 8,539.75. The index rose 0.04% in the past trading session.

Bank of Baroda (down 2.55%), Canara Bank (down 2.29%), State Bank of India (down 1.2%), Bank of India (down 1.18%), Indian Bank (down 1.17%), Punjab National Bank (down 1%), Punjab & Sind Bank (down 0.9%), Union Bank of India (down 0.39%), Central Bank of India (down 0.26%) fell.

Stocks in Spotlight:

Heranba Industries jumped 8.99% after the company reported an improvement in profitability in Q1 FY27, despite a decline in revenue. On a consolidated basis, net profit increased 17.05% YoY to Rs 7.14 crore in Q1 FY27, while it turned profitable sequentially from a loss of Rs 57.82 crore in Q4 FY26. Net sales declined 15.30% YoY but increased 19.94% QoQ to Rs 383.20 crore.

Urban Company jumped 6.05% after the company said Kent RO Systems has agreed before the Delhi High Court to withdraw advertisements and social media content that Urban Company alleged were disparaging its native water purifiers.

Vishal Mega Mart rose 9.31% after the company's board approved the reappointment of Gunender Kapur as managing director and chief executive officer for a five-year term, effective from 1 September 2026 to 31 August 2031.

Kellton Tech Solutions added 1.18% after the company said that it has been selected by a leading U.S. healthcare administration and claims management company to design and build an AI-driven enterprise claims management platform.

Caplin Point Laboratories fell 2.70%. The company said that the US Food and Drug Administration (US FDA) conducted an unannounced inspection of its subsidiary Caplin Steriles' injectable and ophthalmic manufacturing facility at Gummidipoondi, Tamil Nadu. At the conclusion of the inspection, the company received Form 483 containing 10 observations.

Tata Power Company shed 0.76%. The company's subsidiary Tata Power Renewable Energy has commissioned its 190.5 MW solar FDRE project at Kalasar, Bikaner, Rajasthan, which is under the contractual capacity of 460 MW firm and dispatchable renewable energy (FDRE) project.

Ceigall India added 2.69% after the company, jointly with Sushee Infra & Mining (SIML), announced the receipt of letter of acceptance (LoA) from the Ministry of Road Transport & Highways (MoRTH) for a road construction project. The contract involves construction of a 82.4-km road on the Lada-Sarli section of NH-913 (Frontier Highway) in Arunachal Pradesh, under the EPC mode. The projects has an aggregate bid cost of Rs 704.70 crore.

Larsen & Toubro (L&T) lost 0.07%. L&T Energy Hydrocarbon Onshore (LTEH Onshore) has signed the 'ultra-mega' contract for undertaking a gas compression facilities project for a prestigious client in the Middle East against a letter of award issued in FY26. As per the company's internal classification, the value of this 'ultra-mega' contract is more than Rs 15,000 crore.

Global Markets:

European shares traded higher on Monday, lingering near three-week lows as a dramatic escalation in U.S.-Iran economic threats kept risk appetite firmly in check despite a brief pullback in crude oil prices.

Asian markets ended lower as rising government bond yields around the world continued to weigh on risk appetite. Bond yields in Japan, France and Germany have climbed to multiyear highs, while U.S. long-term yields have also remained elevated.

Treasury Secretary Scott Bessent's decision to at least double the size of planned buybacks of longer-dated government debt to $4 billion per operation from $2 billion initially offered relief to the bond market. However, the gains quickly faded, with Treasury yields rebounding as investors remained concerned about inflation, government borrowing and the broader fiscal outlook.

U.S. stocks found firmer footing on Friday after data showed continued economic resilience and a sharp acceleration in services-sector activity. The Dow Jones Industrial Average rose 0.98%, while the S&P 500 gained 0.43% and the Nasdaq Composite advanced 0.44%.

S&P Global's flash PMI showed U.S. services activity accelerated sharply in August, with the Services PMI rising to 56.8 from 54.6 in July.

In the week ahead, investors will focus on quarterly results from AI chipmaker Nvidia, along with earnings from software companies including Intuit, Salesforce and CrowdStrike. Markets will also be watching whether Nvidia's results and outlook can sustain investor enthusiasm around artificial intelligence.

The U.S. economic calendar includes the July Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation gauge, due on Wednesday, 26 August.

Markets will also turn to the Federal Reserve's Jackson Hole symposium from 27-29 August, where Fed Chair Kevin Warsh is scheduled to speak on Friday. Investors will look for clues on the outlook for interest rates, particularly after stronger-than-expected August services activity reinforced concerns about inflationary pressures.

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