The Prime Daily: 27 August 2026

Authored By Prime Research | Published at: Aug 27, 2026 09:15 AM IST

Open Free Demat Account

Nvidia’s to Propel US Markets Higher

US stock benchmarks experienced a muted trading session, finishing slightly lower across the board. The S&P 500 fell less than 0.1%, while the Dow Jones Industrial Average dropped 0.2% to break its three-day winning streak.

Market participants largely withheld major bets ahead of Nvidia’s critical second-quarter earnings report, scheduled after the close.

Nvidia reported better-than-expected fiscal second-quarter results and issued revenue guidance that topped estimates. The stock jumped 4% on the company’s forecast for next fiscal year.

Nvidia reported Q2 FY27 revenue of $96.2 billion, up 18% quarter-over-quarter and 106% year-over-year. Shares rose roughly 4% after hours, lifting Nasdaq futures about 1% and reversing earlier pre-earnings weakness that had dragged the Dow and Nasdaq lower Wednesday on sticky inflation data.

Nvidia expects fiscal 2028 revenue growth of 70%, while analysts were expecting 44%. CFO Kress said customer forecasts “point to our growth doubling next year,” but guidance reflects supply constraints.

Asian technology stocks rallied on Thursday after Nvidia’s latest results and outlook reinforced confidence that the artificial-intelligence investment boom still has room to run, with South Korea’s chip-heavy KOSPI leading gains.

The KOSPI rose 1.8%, with SK Hynix up 4.4% and Samsung Electronics up 2.8% .

Shares of Meta Platforms finished roughly 1% higher following the announcement of a multi-billion-dollar settlement with state attorneys general. The massive legal resolution ends a lawsuit alleging that the company’s social media platforms caused harm and behavioural addiction among younger demographics. Analysts noted that the historic agreement helps to eliminate a severe regulatory and legal overhang that had been depressing investor sentiment.

Abercrombie & Fitch experienced a massive single-day surge, with its stock price skyrocketing by 35%. The retail heavyweight triggered intense buying interest after delivering a quarterly earnings report that significantly outpaced Wall Street expectations. Management compounded the positive financial momentum by raising its forward-looking sales and profit guidance for the remainder of the year.

Attention now turns to Fed Chair Kevin Warsh’s first Jackson Hole address tomorrow, with futures markets pricing only a 38% chance of a September rate hike.

The July personal consumption expenditures price index revealed that inflation remains elevated, coming in slightly hotter than economists had anticipated. In response to the sticky data, U.S. Treasury yields ticked upward, with the 10-year yield rising to roughly 4.66%.

The macroeconomic signal has prompted bond traders to continue pricing in the probability of a Federal Reserve interest rate hike before the year concludes.

India faces a 13% monsoon deficit approaching September 2026 due to El Niño conditions, threatening overall kharif crop yields and risking the lowest rainfall total since 2009. In terms of regional distribution, only the central India region has received ‘normal’ rainfall. All other regions show a serious rainfall deficiency: northwest (-10.6%), east/north-east (-26.8%), and south peninsular (-22.1%).

Nifty failed to sustain higher levels and declined 126 points to close at 24,207. The closing auction session (CAS) saw a nearly 70-point drop, amplifying overall losses.

The market remains choppy, with Nifty yet to establish a clear directional trend. The 24,100–24,400 range will be crucial going forward. A decisive breakout above 24,400 could signal renewed strength, while a sustained break below 24,100 may increase the risk of further weakness. Until then, the index is likely to stay volatile and range-bound.

Indian markets are set for a flat opening today, though sentiment should stay buoyant on hopes of stronger US cues.

Disclaimer

At HDFC SKY*, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
HDFC SKY from HDFC Securities, one of most trusted trading platforms in India, has been recognized with the *Next-Gen Digi Content Awards 2025–26.

Markets