Indian equities remained weak amid soft Asian markets, with large caps and PSU banks under pressure as bond yields rose. According to reports from The Economic Times, sectorally, metals outperformed on firm commodity prices, while banking stocks came under pressure, with PSU banks trailing their private-sector counterparts amid mark-to-market losses driven by the rise in sovereign bond yields. Brent crude eased on profit-taking but remained above the $90 per barrel mark, supported by concerns over tighter Iranian oil supplies and ongoing tensions around the Strait of Hormuz.
Siemens has been recommended as a buy with a buying zone of ₹4,115 and a stop-loss at ₹3,865. As reported by The Economic Times, the stock has given a strong breakout from the ₹3,900–4,000 consolidation zone with supportive volume and is trading above all major EMAs. The RSI near 69 indicates strong momentum, while positive price action supports further upside. The target price is set at ₹4,500. According to latest market data, Siemens Ltd shares are trading at ₹4,114.00 as of August 24, 2026, with a previous close of ₹3,920.00 and a 52-week range spanning from ₹2,826.00 to ₹4,118.20. The company operates through Smart Infrastructure, Mobility, Digital Industries, and Others segments, serving power utilities, industrial companies, and infrastructure segments.
Engineers India has been recommended as a buy with a buying zone of ₹255 and a stop-loss at ₹235. According to The Economic Times, the stock has broken out above the ₹248–250 resistance zone with strong volume and is trading above all major EMAs. The RSI near 64 reflects positive momentum, while the breakout structure supports continuation towards higher levels with a target price of ₹300.
PB Fintech (PolicyBazaar) has recently broken out from an inverse head & shoulder pattern on daily charts, opening room for potential higher prices. As reported by The Economic Times, the fintech stock hit a high of ₹1,963 on December 9, 2025, but failed to sustain momentum thereafter, closing at ₹1,780. Short-term traders can consider buying the stock for a possible target towards ₹1,800 levels in the next 1-2 months, with experts recommending accumulation on dips for expected upside. The technical pattern breakout suggests potential for continued upward movement in the coming months.
