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Pre-marlet Update: Indian equity markets are expected to open on a subdued note Friday, tracking mixed global cues ahead of a key speech by US Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. Investors are likely to remain cautious as they await clarity on the Fed’s interest rate outlook.

At 8:00 AM, GIFT Nifty futures were trading at 25,054, down 67.5 points, indicating a soft start for benchmark indices.

Asian markets were largely in the green, with South Korea’s KOSPI up 1.06 per cent, Japan’s Nikkei 225 gaining 0.13 per cent, and Hong Kong’s Hang Seng rising 0.33 per cent. On the other hand, Australia’s ASX 200 dipped 0.11 per cent.

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Overnight, US markets closed lower ahead of Powell’s address. The S&P 500 declined 0.4 per cent, the Nasdaq Composite slipped 0.34 per cent, and the Dow Jones Industrial Average fell 0.34 per cent.

IPO Watch

In the mainboard segment, share allotments for Patel Retail, Vikram Solar, Gem Aromatics, and Shreeji Shipping will be finalised on August 22. The IPO of Mangal Electrical Industries will close for public subscription today.

In the SME segment, public issues of Classic Electrodes (India), Shivashrit Foods, and Anondita Medicare open for bidding. ARC Insulation & Insulators' IPO enters its second day of subscription.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.