Market View 31st August, 2026

View on market: Volatility persists, eagerly searching for growth:

Asian markets opened lower as investors turned cautious following hawkish comments from the Federal Reserve. Expectations of higher interest rates put pressure on regional equities, while renewed tensions in the Middle East pushed oil prices higher and added to market concerns. US stock futures were mixed ahead of the trading session as investors focused on the Federal Reserve’s policy outlook and comments from its Chair. Some major stocks traded higher, supported by gains in consumer and technology names, while several large companies remained under pressure. However, the major US indices later closed lower, with technology stocks leading the decline. In India, domestic equities ended higher in the previous session, supported by buying interest across key stocks. Despite the positive session, both the Nifty and Sensex remained under pressure for the week and recorded their third consecutive weekly decline. Overall, global markets remain cautious as investors assess interest-rate expectations, oil prices and geopolitical developments.

Economic Calendar:

• USD: S&P Global and ISM Manufacturing PMI Data on 01^st September 2026.
• IND: Q1 GDP Growth Rate on 31^st August 2026.
• USD: Export & Import, Initial & Continuing Jobless Claim, S&P Global Composite & Services PMI and ISM Services PMI Data on 03^rd September 2026.
• IND: S&P Global Manufacturing PMI on 01^st September 2026.

BROKERAGE

HSBC ON SBI FUNDS:

Target ₹660 Recommendation Accumulate, Class is permanent, Structurally strong distribution capabilities should mitigate near-term pressure from AUM market share losses, Improved yield management, bigger non-mutual fund AUM and leverage to strengthen its profitability over medium term, Expect 17% EPS CAGR over FY26-29.

CITI ON HDFC BANK:

Target ₹970 Recommendation Accumulate, MD & CEO Exit Opens Next Chapter – Succession, Strategy & Stock Implications, Current valuations offer reasonable margin of safety, CEO appointment represents a binary catalyst carrying both near-term risk and medium-to-long term re-rating potential, Base-case: Kaizad Bharucha seems most natural internal succession candidate and carries high probability among internal options.

CITI ON IGL:

Target ₹180 Recommendation Accumulate, Sharp CNG Price Hike Should Arrest Margin Decline, Without Compromising Volume Growth, Increase should lift blended realisations by ₹1.8/scm, helping arrest the steady margin erosion seen over recent quarters, All 3 CGDs have now implemented cumulative CNG price hikes of 15-16%, Near-term gas costs may continue to remain elevated.

JPMORGAN ON ATHER ENERGY:

Target ₹1850 Earlier Target ₹1570 Recommendation Overweight, Community Day 2026: So much more than a product launch, Konarc marks Ather’s entry into the mass EV segment, Ather’s Bedrock battery to solve for battery life and safety, Ather True Health to address a key barrier to EV adoption, MagicKey and other features to enhance ownership experience.

International Markets:

U.S & Europe:

*As per 31^st August.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

View on market: Volatility persists, eagerly searching for growth

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