Ujjivan Small Finance Bank plans to raise ₹2,000 crore through a qualified institutional placement. This fundraising will occur over the next 18 to 24 months. The bank has applied for a universal banking license and anticipates a decision from the Reserve Bank of India by December. Ujjivan aims to expand its loan book to ₹1 lakh crore in five years.

Inox Wind shares have surged following positive Q1 results and an upgraded credit rating. The company anticipates faster project execution and has increased its margin guidance for FY24. A strong order book and operational enhancements, including new manufacturing units and high-capacity cranes, support this optimistic outlook. Regulatory changes favoring hybrid energy projects further boost Inox Wind s prospects.

Analysts believe Jaiprakash Associates businesses lack synergy with Vedanta, potentially diverting focus from core operations. Vedanta s acquisition of the debt-laden firm for ₹17,000 crore has been met with shareholder skepticism, as Vedanta shares underperformed. The deal raises concerns about deleveraging efforts amidst a planned demerger, potentially restricting Vedanta s share re-rating.

The week saw markets open strong but close with moderate gains. Infosys will consider a buyback on September 11. Hudco is set to fund Nagpur Metro with Rs 11,300 crore. TVS Motor will pass on GST cut benefits. PCBL Chemical plans a capacity boost. Coal India explores data centers in old mines.

Jane Street Group is appealing a SEBI order accusing them of manipulative practices in India s derivatives market. The firm claims SEBI is withholding crucial documents needed for their defense, seeking a halt to regulatory action. The case has significant implications for global quantitative firms operating in India, as the court will consider whether SEBI is obstructing Jane Street s defense.

Finance Minister Sitharaman confirmed India’s borrowing will stay at ₹14.82 trillion this year, easing concerns over rising bond yields.

Gold prices soared to a record high of $3,636.69 an ounce on Monday, driven by soft U.S. labor data fueling expectations of a Federal Reserve interest rate cut. The anticipation of lower rates, coupled with a weaker dollar and strong central bank buying, particularly from China, has propelled gold s impressive gains this year. Investors are now closely watching upcoming U.S.

Indian indices ended with modest gains in a volatile session as IT and pharma weakness was offset by auto strength. Analysts expect Nifty to consolidate between 24,600–24,950, with a breakout above 25,000 crucial for further upside.

​Sensex closed 76 points higher at 80,787, but the spotlight was on the BSE Consumer Discretionary index, where 11 stocks hit fresh 52-week highs, signaling strong bullish momentum and investor optimism.