Indian markets rebounded in the holiday-shortened week ending August 14, breaking a six-week losing streak. Gains were led by small and mid-cap stocks, with healthcare, pharma, and auto sectors outperforming.

Indian Markets Rebound- Lifts Indian Markets

The Bombay Stock Exchange (BSE), headquartered in Mumbai and one of Asia’s oldest stock exchanges, reported a positive turnaround across large-cap, mid-cap, and small-cap indices after weeks of sustained selling. Sentiment was supported by favourable inflation data, currency stability, and easing global oil prices, while domestic institutions continued to provide strong liquidity support.

The BSE Sensex closed the week at 80,597.66, adding 739.87 points or 0.92 percent. Meanwhile, the Nifty50, managed by the National Stock Exchange of India (NSE) in Mumbai, advanced 268 points or 1.10 percent to settle at 24,631.30.

On the broader market front, the BSE Large-cap and Mid-cap indices each gained 1 percent, while the Small-cap index rose 0.4 percent. The rally was fueled by gains in select companies, even as foreign funds continued their selling streak.

Foreign Institutional Investors (FIIs) sold equities worth ₹10,172.64 crore during the week, marking the seventh consecutive week of outflows. In contrast, Domestic Institutional Investors (DIIs) extended their buying streak for the 17th week, purchasing equities worth ₹18,999.76 crore. For August to date, FIIs have offloaded ₹24,191.51 crore, while DIIs have absorbed the pressure with net inflows of ₹55,795.28 crore.

Also Read: No Change to Weekly Expiry, Confirms SEBI; BSE Recovers Fully

Sectorally, healthcare and pharma stocks led the recovery, with the Nifty Healthcare Index and Nifty Pharma Index both rising 3.5 percent. The Nifty Auto Index gained 2.7 percent, and the Nifty PSU Bank Index advanced 2 percent. On the flip side, profit booking dragged the Nifty Consumer Durables and FMCG indices, which slipped 0.5 percent each.

In small-caps, Yatra Online emerged as the top performer, soaring 55 percent, followed by strong gains in HBL Power Systems, NMDC Steel, JM Financial, Rico Auto, EIH, and VST Tillers Tractors. Among the laggards were PG Electroplast, NIBE, Camlin Fine Sciences, Best Agrolife, Marksans Pharma, and Action Construction Equipment.

Market sentiment turned optimistic after the formation of reversal patterns on technical charts, with analysts pointing to key support zones at 24,500 for Nifty and 80,300 for Sensex. As long as benchmarks trade above these levels, momentum is expected to remain positive, with resistance levels eyed near 24,700–24,900 on Nifty and 80,900–81,800 on Sensex.

The rebound suggests that Indian equities are entering a consolidation phase with the potential for near-term recovery. However, the balance between continued FII selling and strong domestic inflows will remain a key factor in sustaining the uptrend.

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Read the full article here: Small-Cap Surge Lifts Indian Markets as Bulls Break Six-Week Losing Streak — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Alok Industries, owned by Reliance Industries and JM Financial ARC, will declare its Q1 FY26 financial results on July 17, 2025. The company’s stock fell 2.87% to ₹21.35 on July 10 at the NSE.

Alok Industries, a Mumbai-based integrated textile manufacturer owned by Reliance Industries and JM Financial Asset Reconstruction Company, will announce its unaudited standalone and consolidated financial results for the quarter ending June 30, 2025 on July 17, 2025.

In a regulatory filing, the company stated that the Board of Directors would meet on the said date to consider and approve the Q1 results for the financial year 2025–26 (FY26), in compliance with the Securities and Exchange Board of India (SEBI) listing regulations.

Founded in 1986, Alok Industries is a leading textile company in India with operations across the entire value chain, including spinning, weaving, processing, and producing finished cotton and polyester-based products such as bedsheets, towels, and garments. Its vertically integrated operations allow it to cater to both domestic and international markets.

Alok Industries’ share price dropped by 2.87% to ₹21.35 on the National Stock Exchange (NSE) on July 10, despite the stock having risen over 3% in the last month and 9.90% over the past six months.

Read the full article here: Alok Industries to Set the Stage with FY26 Q1 Results — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India-based Ather Energy, headquartered in Karnataka, is set to launch its IPO on April 28, 2025. With a price band of ₹304–₹321 per share, the company aims to raise ₹2,626 crore via fresh issue, primarily to expand manufacturing and R&D capabilities. The IPO includes an Offer for Sale (OFS) of 1.1 crore shares. The EV maker, backed by HeroMoto Corp and Tiger Global, is a leader in the electric two-wheeler segment and will be the first IPO in over two months to hit Indian markets.

Ather Energy, a leading electric two-wheeler manufacturer headquartered in Bengaluru, Karnataka, is set to make its debut in the Indian stock market with an initial public offering (IPO) opening on April 28, 2025. Known for designing and developing high-performance electric scooters, Ather Energy is a fully integrated electric vehicle (EV) company involved in the in-house production of battery packs, software systems, and charging infrastructure.

This IPO marks the end of a nearly two-and-a-half-month lull in India’s primary market since the last public issue by Quality Power Equipments in February. Ather Energy’s upcoming IPO has created significant buzz due to its position in the growing EV market and strong investor interest.

IPO Structure and Objectives

The IPO will consist of a fresh equity issue worth ₹2,626 crore and an offer-for-sale (OFS) of 1.1 crore equity shares by existing stakeholders, including early investors like Tiger Global and the National Investment and Infrastructure Fund (NIIF). HeroMoto Corp, which holds about 40% of Ather Energy, will not be participating in the share sale.

The price band for the IPO has been set between ₹304 and ₹321 per equity share. Investors can bid in lots of 46 shares and multiples thereof. The anchor investor allocation will take place on April 25, followed by a three-day subscription window from April 28 to April 30.

Ather plans to utilize the proceeds primarily to establish a new EV manufacturing facility in Maharashtra, allocating ₹927.2 crore for the project. Additionally, ₹750 crore will be invested in research and development, ₹300 crore will go towards marketing, and ₹40 crore is earmarked for debt repayment. These allocations are planned for the fiscal years 2026 to 2028.

Listing and Allotment Details

The share allotment is scheduled to be finalized on May 2, 2025, with refunds and credit to demat accounts occurring by May 5. Ather Energy is expected to list on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on May 6, 2025.

Company Performance and Market Presence

Ather Energy recorded the sale of 109,577 electric two-wheelers (E2Ws) in the financial year 2024 and 107,983 E2Ws during the first nine months of FY25. As of December 31, 2024, the company operated 265 experience centers and 233 service centers across India, along with centers in Nepal and Sri Lanka.

With a strong market presence and a focus on innovation, Ather has gained attention as a key player in India’s EV transformation.

Investor Outlook and GMP Trend

As of April 23, 2025, the grey market premium (GMP) for Ather Energy stood at ₹11, implying a likely listing price of ₹332—around 3.43% above the upper IPO price band of ₹321. The public issue reserves 75% of shares for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 10% for retail participants. An additional 1,00,000 equity shares are reserved for employees at a discounted rate of ₹30 per share.

The IPO is managed by Axis Capital, HSBC Securities, JM Financial, and Nomura, with Link Intime India Pvt Ltd acting as the registrar.

With strong fundamentals and a clear vision for growth, Ather Energy’s IPO could pave the way for increased momentum in India’s electric mobility sector.

Read the full article here: India’s Electric Dreams Charge Ahead with Ather’s ₹2,626 Cr IPO — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).