- The Sensex rose 113.61 points or 0.15 per cent to 78,079.96, snapping a two-day losing streak.
- The Nifty50 fell 40.10 points or 0.16 per cent to 24,395.85, extending its losing streak to a third day.
- Sector-wise, the Nifty Metal fell over 1 per cent to become the worst performer, while the Nifty Chemical rose the most.
- The Nifty MidCap Select touched a new high of 15,065.20, led by One 97 Communication and Dixon Technologies shares.
- The Milky Mist Dairy Food IPO was subscribed 56.12 times by the end of day 3 of bidding.
- The grey market is signalling a strong listing, with the Grey Market Premium (GMP) at ₹22, reflecting a 16% premium over the upper price band of the Milky Mist Dairy Food IPO.
- The allotment date for the Milky Mist Dairy Food IPO is most likely 14th August 2026, and the listing date is most likely 18 August 2026.
- In the broader markets, the Nifty MidCap and Nifty SmallCap ended 0.15 per cent and 0.27 per cent higher, respectively, outperforming the benchmark.
- Nineteen of 30 Sensex stocks closed in the green, with IndiGo as the top gainer and ICICI Bank as the top loser.
- Technical analysis by Rupak De at LKP Securities indicates the Nifty remains range-bound between the 50EMA and 200DMA on the 30-minute chart.
- Anand Rathi has assigned an 'apply' tag to the public issue, recommending a 'Subscribe – Long Term' rating.
- Equivision has also assigned a 'subscribe' tag, highlighting FY26 revenue growth of 33.58% and profit surge of 175.66%.
- SMIF Securities and Sushil Financial Services have also assigned a 'subscribe' tag to the Milky Mist Dairy Food IPO.
The Sensex rebounded from a two-day slump, gaining 113.61 points to close at 78,079.96, while the Nifty50 fell for the third day, settling at 24,395.85. Metal and bank shares pressured the Nifty, with the Nifty Metal index dropping over 1%.
Nineteen of the thirty Sensex stocks ended in the green, with IndiGo as the top gainer and ICICI Bank the biggest loser. The broader markets outperformed the benchmark, with the Nifty MidCap and Nifty SmallCap indices rising 0.15% and 0.27%, respectively.
In the IPO market, the Milky Mist Dairy Food IPO was met with overwhelming demand, being subscribed 56.12 times by the end of the third day. The retail portion was filled 8.40 times, while the QIB segment saw a subscription rate of 155.83 times. The grey market indicates a strong listing, with a premium of ₹22, reflecting a 16% increase over the upper price band.
Analysts recommend a 'subscribe' rating for the IPO, citing strong revenue growth and market leadership in key dairy categories, despite potential challenges in expanding to semi-urban and rural markets. Equivision noted a 33.58% revenue growth and a 175.66% profit surge for FY26, supported by operational efficiencies and market positioning.1213
“Nifty Metal fell over 1% as the worst sector, while Nifty Realty and FMCG led gains. The Milky Mist IPO's grey market premium of ₹22 hints at a 16% listing gain, with allotment likely on August 14 and listing on August 18.”
