Ankit Gohel

Hindustan Copper closed its Offer for Sale (OFS) on August 26, with the issue receiving a strong response from retail investors. The government has realised nearly Rs 3,000 crore from the share sale.

Sumeet Bagadia, Executive Director at Choice Broking, has recommended Prestige Estates Projects as his stock pick for the occasion.The real estate stock is showing a bullish technical setup, with improving momentum and key support levels strengthening its near-term outlook for investors.

Titagarh Rail Systems, IRCON International, Texmaco Rail & Engineering, RailTel Corporation of India, IRFC and RVNL were all trading in the green.

The recent fall in gold rate came after a sharp rally which led the yellow metal to nearly a three-month high of Rs 1,64,773 level on August 24.

Asian markets traded mixed, while the US stock market ended higher overnight, lifted by gains in technology stocks.

Nagaraj Shetti has recommended two stocks to buy for short-term today, August 28. He suggests buying these stocks for a timeframe of 2-3 weeks. The technical stock picks for today are Redington and UNO Minda shares.

JPMorgan expects margins to remain broadly range-bound, supported by premiumization, operating leverage, and ongoing efficiency initiatives, despite persistent gold-price volatility.

LTM, Coforge, Tech Mahindra and Tata Consultancy Services (TCS) were the top gainers on the Nifty IT index with over 3% rally each.

Gold prices traded lower as market participants awaited US Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium. Spot gold price fell 0.5% to $4,576.30 per ounce.

The board of directors of TVS Motor Company on August 28 approved the appointment of Peyman Kargar as Director and Chief Executive Officer, effective January 27, 2027.