Pre-market action: Here's the trade setup for today's session

Indian equity markets closed lower on Friday, August 14, as investors awaited clarity. The Nifty50 ended at 24,366, while the Sensex fell to 78,009.25. Analyst Rupak De said, “Overall, sentiment remains weak, with the potential for a further fall towards 24,180.” Many investors now watch crude oil prices for future direction.

Yotta targets $1.5 billion raise in FY27, including India IPO

Yotta plans to raise $1.5 billion by FY27 through a pre-IPO round and an India IPO. CEO Sunil Gupta said, “Our $1.5 billion fund-raise is a combination of pre-IPO fundraising, as well as an IPO.” The firm aims to expand its data centre capacity and buy more Nvidia chips for AI.