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• Money flow index (MFI) indicates that stocks like Eicher Motors, Syrma SGS Technology, Maruti Suzuki, and Netweb Technologies are in the overbought zone.

• Sumitomo Mitsui Banking Corp (SMBC) reportedly plans to offload its entire 1.7% stake in Kotak Mahindra Bank in a block deal worth over Rs 6,000 crore. The sale is aimed at funding SMBC’s acquisition of Yes Bank.

• Brigade Enterprises signs a joint development agreement for a luxury residential project in East Bengaluru, with an estimated gross development value of Rs 2,500 crore. The project spans 10.8 acres and offers a total saleable area of 2.5 million square feet.

• Bikaji Foods is falling as the Enforcement Directorate (ED) summons its Managing Director in-person for an investigation under the Prevention of Money Laundering Act, 2002.

• Jefferies maintains a 'Buy' rating on Navin Fluorine International with a target price of Rs 6,025. The brokerage notes that the company has started delivering three new specialty chemicals and a new molecule in its CDMO division. The price of R-32 refrigerant gas remains strong, driven by high demand from the US and limited exports from China.

  #NavinFluorine shares rally not over yet, says Jefferies; sees another 30% upside@senmeghnahttps://t.co/DLoOrrkPns

  — CNBC-TV18 (@CNBCTV18Live) September 9, 2025

• Godrej Consumer Products is rising as its subsidiary plans to invest Rs 250 crore over 18-36 months to set up a new plant in Indonesia, expanding capacity by 15%.

• Glenmark Pharma rises after its subsidiary, Ichnos Glenmark Innovation (IGI), receives a $700 million (approx. Rs 6,167 crore) upfront payment from AbbVie. The payment is part of a global licensing deal giving AbbVie exclusive rights to IGI’s investigational asset, ISB 2001, used to treat blood cancer, in key markets such as North America, Europe, and Japan.

• Waaree Renewable Technologies is rising as it secures an order worth Rs 1,252.4 crore from Waaree Forever Energies (WFEPL). The order involves the development of a large-scale 1,218 MW solar power project, including a substation, transmission line, and providing two years of operation and maintenance.

• Mohammed Imran of Sharekhan notes that oil prices are down 4% in September, after an 8% drop in August and 11% YTD. Volatility persists due to a supply glut and Middle East tensions, even with prices peaking at $75/barrel. With eight OPEC members set to increase output, WTI prices may fall further, possibly averaging $57–58 by year-end, provided US producers maintain their current output levels.

  #MarketsWithBS | Crude oil prices to see continued volatility, says Mohammed Imran of @Sharekhan. Check strategy, key levels here ????#Stocks#markets#stockmarketnews#sharemarket#Crudeoilhttps://t.co/IuIK4PFiKF

  — Business Standard (@bsindia) September 9, 2025

• Vadilal Industries is rising as its board appoints Himanshu Kanwar as the new Chief Executive Officer (CEO) for five years, effective September 29.

• Alembic Pharmaceuticals receives final approval from the US FDA for its Phytonadione injectable emulsion, used to treat hypoprothrombinemia, which is secondary to vitamin K deficiency. According to IQVIA, the drug had a market size of $44 million for the 12 months ending June 2025.

• Gopal Snacks gains over 2% after signing long-term agreements for third-party manufacturing facilities in Hiryur (Karnataka) and Kashipur (Uttarakhand), with capacities of 4,400 and 5,900 metric tonnes per annum (MTPA), respectively. The move aims to strengthen its distribution network in southern and northern India.

• Sanjay Shah, CMD of Prudent Corporate Advisory Services, highlights the company's plan to acquire Indus Capital’s mutual fund distribution business through a slump sale. The deal includes an upfront payment of Rs 113.8 crore and an additional Rs 10 crore as special consideration. He expects 18–20% revenue growth in the coming years and sees the specialised investment funds segment as a major growth driver next year.

  Prudent Corporate Advisory Services says
  
  1? Gives us the rationale of acquiring MF distribution biz of Indus Capital
  2? Targets 18-20% growth
  3? Add that India has 5.5 cr investors which can easily doublehttps://t.co/4tZnxHyFbk

  — Nigel D'Souza (@Nigel__DSouza) September 9, 2025

• String Metaverse falls to its 5% lower limit as its Chief Executive Officer (CEO), Sai Santosh Althuru, tenders his resignation, effective September 8. The board appoints Raghavendra Hunasgi as the new CEO.

• Housing & Urban Development Corp (HUDCO) signs a memorandum of understanding (MoU) with Nagpur Metropolitan Region Development Authority to provide funding up to Rs 11,300 crore for metro, housing, and infrastructure projects. The agreement also includes consultancy services and capacity-building support over the next five years.

• HDFC Bank reportedly cuts its marginal cost of lending rate (MCLR) by up to 5 bps on select tenures, effective September 8. The six-month and one-year MCLR now stand at 8.65%, while the two-year rate is revised to 8.7%.

• CLSA maintains an 'Outperform' rating on Ambuja Cements with a target price of Rs 665. The brokerage views the proposed GST cut on cement as a key driver of demand and profitability. It says Ambuja's scale, strategy, and premium focus position it well to benefit, with the cut likely to drive both volumes and margins.

  #AmbujaCement share price edges higher as CLSA maintains 'outperform' rating. #NDTVProfitStocks
  
  Read: https://t.co/0BaScdmPSTpic.twitter.com/cpd0YJi6l9

  — NDTV Profit (@NDTVProfitIndia) September 9, 2025

• Amanta Healthcare's shares debut on the bourses at a 7.1% premium to the issue price of Rs 126. The Rs 126 crore IPO received bids for 82.6 times the total shares on offer.

• Morepen Laboratories surges as its subsidiary forms a 50:50 joint venture (JV) with UAE-based Bimedical FZE to manufacture, trade, and sell medical devices.

• RailTel Corp of India rises sharply as it secures orders worth over Rs 714 crore from the Bihar Education Project Council. The projects include setting up information & communication technology (ICT) and integrated science & mathematics (ISM) labs, smart classrooms, and supplying teaching materials. The execution is slated between December 2025 and March 2026.

• Morgan Stanley initiates coverage on Aditya Birla Lifestyle Brands with an 'Overweight' rating and a target price of Rs 175. The brokerage views the company as a "defensive discretionary play" with strong lifestyle brands, including Louis Philippe, Van Heusen, and Reebok. Post its June listing after ABFRL's demerger, it trades at 13x FY27 EV/EBITDA, with scope for multiple expansion on consistent execution.

  #MorganStanley initiates coverage on newly-listed #Birla stock, upgrades another#ETMarketshttps://t.co/m0TQbc4MM9

  — ETMarkets (@ETMarkets) September 9, 2025

• IRB Infrastructure Developers is rising as its total toll collection rises 12.1% YoY to Rs 563.2 crore in August.

• Voltamp Transformers falls as around 8.1 lakh shares (8% stake) worth approximately Rs 618 crore reportedly change hands in a block deal at an average price of Rs 7,611 per share. Promoter Kunjal Patel is likely the seller in the transaction.

• Alpex Solar is rising as it secures an order worth Rs 345 crore from a leading industry player to supply solar modules.

• Infosys' board of directors schedules a meeting on September 11 to consider a proposal for a buyback of equity shares.

• Nifty 50 was trading at 24,854.20 (81.1, 0.3%), BSE Sensex was trading at 81,129.69 (342.4, 0.4%) while the broader Nifty 500 was trading at 22,924.20 (45.6, 0.2%).

• Market breadth is in the green. Of the 2,072 stocks traded today, 1,184 were in the positive territory and 818 were negative.

Riding High:

Largecap and midcap gainers today include Gujarat Fluorochemicals Ltd. (3,638.30, 8.0%), Infosys Ltd. (1,504.30, 5.0%) and JSW Infrastructure Ltd. (313.25, 4.0%).

Downers:

Largecap and midcap losers today include FSN E-Commerce Ventures Ltd. (241.49, -2.3%), UNO Minda Ltd. (1,283.90, -2.0%) and Berger Paints (India) Ltd. (529.35, -1.9%).

Crowd Puller Stocks

15 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Gujarat Fluorochemicals Ltd. (3,638.30, 8.0%), Action Construction Equipment Ltd. (1,143.40, 7.8%) and Affle 3I Ltd. (2,070.20, 6.6%).

Top high volume loser on BSE was Ratnamani Metals & Tubes Ltd. (2,369, -0.2%).

Asahi India Glass Ltd. (875.70, 5.0%) was trading at 9.0 times of weekly average. Intellect Design Arena Ltd. (959.80, 6.4%) and Engineers India Ltd. (205.70, 2.4%) were trading with volumes 8.4 and 7.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Cummins India Ltd. (4,012, 1.1%), Eicher Motors Ltd. (6,893.50, 1.2%) and Mahindra & Mahindra Ltd. (3,696.30, -0.1%).

Stocks making new 52 weeks lows included - Deepak Nitrite Ltd. (1,740, -0.3%) and Praj Industries Ltd. (389.60, -1.8%).

21 stocks climbed above their 200 day SMA including Intellect Design Arena Ltd. (959.80, 6.4%) and Sagility India Ltd. (43.54, 3.6%). 11 stocks slipped below their 200 SMA including Balrampur Chini Mills Ltd. (519.60, -3.1%) and Bharat Forge Ltd. (1,181.70, -1.8%).

• Relative strength index (RSI) indicates that stocks like TVS Motor, Netweb Technologies, Hero MotoCorp and HBL Power Systems are in the overbought zone.

• Lupin receives two observations from the US FDA following a product-specific Pre-Approval Inspection (PAI) at its manufacturing facility in Aurangabad.

• Max Estates is rising as it acquires a 100% stake in Base Buildwell for Rs 534 crore to secure development rights for a 7.3-acre land parcel in Gurugram. The project has a development potential of about 1.3 million square feet with a gross development value (GDV) of over Rs 3,000 crore.

• Jeena Sikho Lifecare surges to its all-time high of Rs 819.6 as it receives approvals to conduct clinical trials on products targeting diabetes, hypertension, constipation, and gastrointestinal health. The pre-clinical trials have shown encouraging results so far, with no adverse events reported.

• Swiggy rises as Nomura initiates coverage on the company with a 'Buy' rating and a target price of Rs 550. The brokerage believes Swiggy’s food delivery business is on a stable path to profitability and will continue to be a key cash generator. It notes that, although the quick commerce segment remains in a challenger position, its profitability is also expected to improve.

  #MarketToday | Swiggy shares on a roll after Nomura turns bullish, sees 25% upside. Swiggy stock in news: Nomura's favourable outlook stems from Swiggy's food delivery business entering a "steady profitability trajectory," expected to continue as a... https://t.co/AlE6Jf9bMa

  — Business Today (@business_today) September 8, 2025

• Aegis Logistics is rising as it plans to invest around Rs 100 crore to expand its capacity by 61,000 kilolitres (KL) at Pirpau, Mumbai Port.

• Godfrey Phillips is falling after reports suggest that the government may impose a new levy on tobacco products once the GST compensation cess ends. The measures under consideration include a higher excise duty or a health levy, sparking concerns of added costs in Q4FY26.

• Bharat Heavy Electricals is rising as it signs a ten-year agreement with Singapore-based Horizon Fuel Cell Technologies to enter the green mobility and clean energy sector. It plans to develop a hydrogen fuel cell-powered railway locomotive for the Indian market.

• Mankind Pharma receives approval from the Central Drugs Standard Control Organisation (CDSCO) to begin Phase 1 clinical trials for MKP11093, a novel oral Janus kinase-1 (JAK-1) inhibitor. The molecule targets multiple autoimmune disorders, including rheumatoid arthritis, ulcerative colitis, plaque psoriasis, and alopecia.

  #FromBloomberg | #MankindPharma gets CDSCO nod for Phase 1 trial of #Novel drug pic.twitter.com/06EKPhHZzU

  — CNBC-TV18 (@CNBCTV18Live) September 8, 2025

• Ujjivan Small Finance Bank rises sharply as it reportedly plans to raise around Rs 2,000 crore via a QIP (qualified institutional placement) over the next 18–24 months to support its long-term growth strategy.

• Diamond Power Infrastructure is rising as it receives a letter of intent (LoI) worth Rs 184.7 crore from Adani Energy Solutions to supply 4,215 km of AL-59 Zebra Conductor for the Khavda Project.

• Ceigall India is rising as it receives two letters of intent (LoI) from Maharashtra State Electricity Distribution (MSEDCL) for the procurement of 147 MW and 190 MW solar power capacity under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0.

• Jindal Steel Chairman Naveen Jindal believes GST cuts on autos and cement could boost steel demand. He says the industry had sought a 25% safeguard duty, but is comfortable with the DGTR’s recommended three-year duty starting at 12%. Jindal also adds that the industry is seeking measures to ensure sufficient availability of iron ore at affordable prices.

  #EXCLUSIVE | "GST rate reduction is revolutionary; the steel sector is expected to be positively impacted," says Naveen Jindal, JSL @priyadarshi108#GSTReform#SteelSector#EconomicBoost#AutoSectorhttps://t.co/IomqQF8Xnmpic.twitter.com/vcQNMVlaxW

  — ET NOW (@ETNOWlive) September 8, 2025

• Vedanta falls as it reportedly emerges as the highest bidder for debt-ridden Jaiprakash Associates with a net present value (NPV) offer of Rs 12,505 crore. Nuvama calls this move a negative for minority investors, questioning the deal’s logic and noting funding pressures as Vedanta tries to reduce debt.

• SpiceJet falls sharply as it posts a net loss of Rs 233.9 crore in Q1FY26 compared to a net profit of Rs 158.3 crore in Q1FY25. Revenue falls 42.2% YoY to Rs 1,201 crore due to lower cargo volumes and delays in returning grounded planes to service. The company features in a screener of stocks with the highest fall from their 52-week highs.

• HFCL is rising as it secures an export order worth $40.7 million (around Rs 358.4 crore) from an overseas customer to supply various types of optical fibre cables.

• According to the Federation of Automobile Dealers Associations (FADA), India’s auto sales were muted in August as buyers waited for clarity on new GST rates for cars and two-wheelers. Vehicle retail sales rose 2.8% YoY to 19.6 lakh units. FADA President CS Vigneshwar says heavy rains, floods, uneven supply of popular models, and aggressive OEM targets have impacted sales. However, dealers expect a sharper rebound in September with GST clarity and festive demand.

  #NewsAlert | FADA releases August data ???? #VehicleSales#AutoIndustry#PassengerVehicles#2Wheelers#3Wheelers#Tractors#CommercialVehiclespic.twitter.com/Fgk5pAMSrv

  — ET NOW (@ETNOWlive) September 8, 2025

• Vikram Solar surges as it secures an order from L&T Construction to supply 336 MW high-efficiency solar modules for a project in Khavda, Gujarat.

• Adani Power rises sharply as it signs an agreement with Bhutan’s Druk Green Power Corp (DGPC) to set up a 570 MW hydroelectric project at Wangchhu, Bhutan. The new entity will be 51% owned by DGPC, with Adani Power holding the remaining 49%.

• Aurobindo Pharma receives Form 483 with eight procedural observations from the US FDA. The inspection covered its Unit-XII facility in Bachupally, Telangana, which produces both oral solids and injectable products.

• Jefferies maintains a 'Buy' rating on TBO Tek with a higher target price of Rs 1,800. The brokerage highlights the company's $125 million acquisition of US-based Classic Vacations as part of its roll-up merger strategy, combining smaller firms into a larger entity. It believes the deal will enhance TBO Tek's presence in the premium outbound market, particularly in North America.

  Jefferies releases bullish report on #TBOTek, hikes target price.
  
  Here's why ????https://t.co/UEBCoyZA9S

  — NDTV Profit (@NDTVProfitIndia) September 8, 2025

• Hero MotoCorp is rising as its board of directors appoints Harshavardhan Chitale as the new Chief Executive Officer (CEO), effective January 5.

• SPML Infra's joint venture secures an order worth Rs 1,438 crore from the Public Health Engineering Department (PHED), Rajasthan, to improve regional water supply infrastructure. The project includes construction and 10 years of operations and maintenance.

• Time Technoplast is rising as it signs a memorandum of understanding (MoU) with the promoters of Ebullient Packaging to acquire a 74% stake at an estimated enterprise value of about Rs 200 crore. The acquisition expands its presence in the packaging business and strengthens its overall portfolio.

• Dr. Reddy's Laboratories receives a Form 483 with seven observations from the US FDA following an inspection at its API facility in Mirfield, West Yorkshire, UK.

• Nifty 50 was trading at 24,787.65 (46.7, 0.2%), BSE Sensex was trading at 80,904.40 (193.6, 0.2%) while the broader Nifty 500 was trading at 22,864 (34.9, 0.2%).

• Market breadth is ticking up strongly. Of the 2,128 stocks traded today, 1,452 showed gains, and 610 showed losses.

Riding High:

Largecap and midcap gainers today include Bharat Forge Ltd. (1,202.80, 5.8%), Ashok Leyland Ltd. (137.29, 5.0%) and Samvardhana Motherson International Ltd. (98.57, 4.2%).

Downers:

Largecap and midcap losers today include Trent Ltd. (5,315.50, -3.9%), Coromandel International Ltd. (2,185.20, -3.2%) and Supreme Industries Ltd. (4,462, -2.5%).

Movers and Shakers

15 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Cohance Lifesciences Ltd. (1,012.95, 9.8%), TVS Holdings Ltd. (12,929, 6.2%) and Bharat Forge Ltd. (1,202.80, 5.8%).

Top high volume losers on BSE were G R Infraprojects Ltd. (1,261, -2.3%) and Rainbow Childrens Medicare Ltd. (1,480, -2.0%).

Supreme Petrochem Ltd. (787.70, 1.0%) was trading at 18.3 times of weekly average. Jubilant Pharmova Ltd. (1,090, 1.8%) and Adani Power Ltd. (633.85, 4.0%) were trading with volumes 8.5 and 6.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks made 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Ashok Leyland Ltd. (137.29, 5.0%), Cummins India Ltd. (3,966.60, 0.8%) and Eicher Motors Ltd. (6,815, 3.6%).

Stock making new 52 weeks lows included - Deepak Nitrite Ltd. (1,745.30, -0.2%).

21 stocks climbed above their 200 day SMA including Bharat Forge Ltd. (1,202.80, 5.8%) and Samvardhana Motherson International Ltd. (98.57, 4.2%). 18 stocks slipped below their 200 SMA including Vedanta Ltd. (434.40, -2.5%) and Balrampur Chini Mills Ltd. (536.15, -2.4%).

• Money flow index (MFI) indicates that stocks like Syrma SGS Technology, Maruti Suzuki, HBL Power Systems, and Netweb Technologies are in the overbought zone.

• Glenmark Pharmaceuticals rises sharply as it begins a multi-country Phase 3 trial of Envafolimab for Stage III lung cancer. The study will assess efficacy, safety, how the body processes the drug, and the immune response to the drug. Patient enrollment starts in India after approval from the Drugs Controller General of India, with trial applications underway in Russia, Brazil, and Mexico.

• Sharekhan retains its 'Buy' call on Triveni Turbine, with a target price of Rs 700 per share. This indicates a potential upside of 36.6%. The brokerage believes the company is well-positioned for growth, driven by its focus on renewable energy, waste-to-heat recovery, a robust order book, and margin tailwinds. It expects the firm's revenue to grow at a CAGR of 20.3% over FY26-27.

• Indus Towers rises sharply as promoter Bharti Airtel acquires over 68.7 lakh shares, increasing its stake by around 0.3%. Bharti Airtel held a 50% stake in Indus Towers as of June 30.

• Brent crude futures trade lower after data from the US Energy Information Administration (EIA) indicated a rise in crude inventories for the week ending August 29. US commercial crude stocks increased by 2.4 million barrels to 420.7 million, around 4% below the five-year seasonal average.

  Crude oil futures traded lower on Friday morning after the latest data from the US EIA (Energy Information Administration) showed an increase in the US crude inventories for the week ending August 29.https://t.co/gp2ntMzmaVpic.twitter.com/2IWrQ7ydKY

  — businessline (@businessline) September 5, 2025

• Bluestone Jewellery & Lifestyle surges to its all-time high of Rs 629.6 per share as its Q1FY26 net loss contracts 41.7% YoY to Rs 34.5 crore. Revenue grows 40.5% YoY to Rs 504.7 crore, driven by new store additions during the quarter. It features in a screener of stocks with reducing debt.

• Aarti Drugs expands its operations with a new manufacturing plant at Sayakha, Gujarat. The facility adds 60 metric tonnes per day of capacity for products such as dimethylamine, monomethylamine, and trimethylamine. This expansion supports backward integration to reduce reliance on external raw materials and improve supply chain reliability.

• Gujarat Mineral Development Corp surges to its all-time high of Rs 512.1 after the Union Cabinet approves a Rs 1,500 crore incentive scheme to boost recycling capacity for critical minerals. GMDC’s lignite business, linked to mineral extraction, contributes around 85–90% of its operating income.

• Ravi Kant Jaipuria, Chairman of Varun Beverages, highlights the GST hike on aerated drinks from 28% to 40%. He notes that the rate cuts on water and juices will benefit the company, as these categories make up 30% of its volumes. He adds that the company will pass down the benefit to consumers and confirms there are no tax changes for carbonated drinks.

  VARUN BEVERAGES
  
  Mgmnt Speaks on GST of 40% on aerated beverages
  
  Says:
  On Aerated beverages, GST of 28% and 12% of Cess has now changed to 40%
  
  30% of Volumes come from Water & Juices
  
  Reduction in rates for Water & Juices would benefit Co#FMCGisLifehttps://t.co/ZCrcE9kgee

  — Mangalam Maloo (@blitzkreigm) September 5, 2025

• NTPC is falling as it permanently discontinues operations at its Tanda Thermal Power Station, Stage-I, consisting of 4x100 MW units. The move comes after receiving approval from the Central Electricity Authority (CEA).

• Yasho Industries signs a 15-year agreement with a global multinational corporation to supply lubricant additives. The deal is expected to generate about Rs 150 crore in annual revenue from the end of FY27.

• PNC Infratech is rising as it emerges as the preferred bidder for an order worth Rs 495.5 crore from the Bihar State Road Development Corp (BSRDC) to construct a high level bridge and approach road in the state.

• Fintech major PhonePe is reportedly planning to file for a confidential IPO by the end of September, with an issue size of around $1.5 billion (Rs 12,750 crore). The company targets a valuation of $10–15 billion (Rs 85,000–1,27,500 crore). While the IPO may offer partial liquidity to some investors, its promoter, Walmart, which holds over 70% stake, is unlikely to sell a significant portion.

  PhonePe is set to file for a confidential IPO by the end of September, sources close to the development told businessline. It is aiming for a valuation in the range of $10–15 billion, the sources added.https://t.co/FodF3bSZhN

  — businessline (@businessline) September 4, 2025

• Dreamfolks Services loses its extended lounge access contract from Travel Food Services, effective September 15. The development comes after Adani Digital, Semolina Kitchen and Encalm Hospitality indicated plans to discontinue certain services in August.

• ICICI Securities maintains its 'Buy' call on Maruti Suzuki, with a higher target price of Rs 17,000 per share. This indicates a potential upside of 14.4%. The brokerage believes that the car manufacturer's sales will improve, driven by the reduction in GST rates, rationalisation of personal income tax slabs, interest rate cuts and the upcoming Pay Commission revisions. It expects the company's revenue to grow at a CAGR of 14% over FY26-28.

• Ola Electric Mobility is falling sharply as Softbank Group sells a 2.2% stake (or 9.5 crore shares) in the company through the open market. This sale takes Softbank Group's holding in Ola Electric to 15.7% from 17.8%.

• Jefferies initiates coverage on Hexaware Technologies with a 'Buy' rating and a target price of Rs 930. The brokerage forecasts that Hexaware will deliver a 10% CAGR in constant currency revenue and a 15% CAGR in EPS over CY25–27. It sees Hexaware combining the growth potential of a mid-sized IT firm with the quality metrics of larger peers.

  #NDTVProfitStocks | #HexawareTech is in focus as Jefferies initiates coverage with ‘buy’ rating.
  
  Read ????https://t.co/N55jGGZiEF

  — NDTV Profit (@NDTVProfitIndia) September 5, 2025

• Prime Focus surges to its 10% upper limit as 1 crore shares (1% stake), worth Rs 146.2 crore, reportedly change hands in a block deal at an average price of Rs 142.6 per share.

• NHPC rises as the Ministry of Power appoints Bhupender Gupta as its Chairman and Managing Director (MD) for the next five years, effective September 4.

• Power Grid Corp of India is rising as it emerges as the successful bidder to set up an inter-state transmission system for power transmission from pumped storage projects in Uttar Pradesh. The company will build a new 765/400kV pooling sub-station and bay extensions, along with a new 765kV transmission line.

• Nomura expects the GST cuts to reduce auto prices by 3.5–10% across segments—tractors by 6%, CVs and two-wheelers under 350cc by 8%, and SUVs and cars by 3.5–6.5%. The brokerage believes this will likely boost demand, improve operating margins, and spark an upgrade cycle. Mahindra & Mahindra, Hyundai Motor India, TVS Motor, Ashok Leyland, and Motherson Sumi are seen as key beneficiaries.

  #MarketsWithBS | @Nomura expects #GST cuts to lower auto prices by 3.5–10% across models, with tractors down 6%, CVs & two-wheelers below 350cc down 8%, and SUVs/cars down 3.5–6.5%
  
  Volume growth of 5–10% seen, with M&M, TVS, Hyundai, Ashok Leyland, and Motherson Sumi as key… pic.twitter.com/PxWbZWAgUI

  — Business Standard (@bsindia) September 5, 2025

• Zota Healthcare is rising as its board of directors approves raising Rs 500 crore by issuing equity shares or other securities through a qualified institutional placement (QIP).

• Bharat Forge is rising as its step-down subsidiary, Agneyastra Energetics, acquires 949.7 acres of land in Andhra Pradesh to set up a defence manufacturing complex for explosives, ammunition, propellants, and future rocket and missile systems.

• JB Chemicals & Pharmaceuticals receives an open offer from Torrent Pharmaceuticals to acquire a 26% stake (or 4.2 crore shares) worth Rs 6,842.8 crore in the company for Rs 1,639.2 per share.

• Biocon is falling as it receives Form 483 with five observations from the US FDA following an inspection at its drug substance facility in Bengaluru.

• Nifty 50 was trading at 24,827.50 (93.2, 0.4%), BSE Sensex was trading at 81,012.42 (294.4, 0.4%) while the broader Nifty 500 was trading at 22,901.50 (81.9, 0.4%).

• Market breadth is in the green. Of the 1,999 stocks traded today, 1,237 showed gains, and 709 showed losses.

Riding High:

Largecap and midcap gainers today include Indus Towers Ltd. (337.40, 4.1%), Swiggy Ltd. (439.05, 3.8%) and Hyundai Motor India Ltd. (2,541.70, 2.5%).

Downers:

Largecap and midcap losers today include Varun Beverages Ltd. (469.65, -4.1%), Persistent Systems Ltd. (5,132, -3.1%) and Abbott India Ltd. (31,220, -3.0%).

Volume Shockers

7 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Brainbees Solutions Ltd. (401.10, 13.9%), Gujarat Mineral Development Corporation Ltd. (509, 11.8%) and Varroc Engineering Ltd. (602.10, 7.3%).

Top high volume loser on BSE was Abbott India Ltd. (31,220, -3.0%).

SKF India Ltd. (4,878.10, 6.1%) was trading at 23.1 times of weekly average. MMTC Ltd. (64.70, 2.1%) and PVR INOX Ltd. (1,146.30, 1.4%) were trading with volumes 4.0 and 3.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Cummins India Ltd. (3,922, -0.4%), L&T Finance Ltd. (230.51, 1.2%) and Mahindra & Mahindra Ltd. (3,561.30, 2.3%).

20 stocks climbed above their 200 day SMA including Mahindra & Mahindra Financial Services Ltd. (269.30, 2.4%) and Vedanta Ltd. (445.50, 2.3%). 23 stocks slipped below their 200 SMA including Firstsource Solutions Ltd. (349.90, -3.2%) and Sobha Ltd. (1,407.60, -2.9%).

Nifty 50 closed at 24,734.30 (19.3, 0.1%), BSE Sensex closed at 80,718.01 (150.3, 0.2%) while the broader Nifty 500 closed at 22,819.65 (-45, -0.2%). Market breadth is in the red. Of the 2,547 stocks traded today, 929 were in the positive territory and 1,578 were negative.

Indian indices closed marginally higher after trimming early gains driven by the GST reform announcement. The Indian volatility index, Nifty VIX, fell 0.7% and closed at 10.9 points. Varun Beverages fell 3.1% after the GST Council raised tax rates for carbonated and caffeinated drinks to 40% from 28%. GST on other non-alcoholic beverages also increased to 40% from 18%.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty India Defence and S&P BSE SME IPO were among the top index losers today. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 1.8%.

Asian indices closed mixed. European indices are trading in the green, except for France’s CAC 40. US index futures are trading higher as investors await the release of US economic data later this week. Meanwhile, the Trump administration has asked the Supreme Court to uphold his trade tariffs after a federal appeals court ruled most were illegal. Trump warned that the appeals court ruling could harm the economy and undo recent trade agreements.

• Relative strength index (RSI) indicates that stocks like Maruti Suzuki, Eicher Motors, Ola Electric Mobility and HBL Power Systems are in the overbought zone.

• Prestige Estates Projects is falling as its subsidiary, Prestige Office Ventures, receives a show cause notice worth Rs 160.8 crore from the Goods & Services Tax Intelligence (GSTI), Hyderabad, for non-payment of GST during FY21-24.

• Bajaj Finance and Bajaj Finserv rise after the government cuts GST on key consumer durables from 28% to 18%. The reduction covers air conditioners, TVs above 32 inches, monitors, and dishwashers, boosting retail demand and benefiting consumer finance companies.

• Rolex Rings is rising as its board of directors approves a 10-for-1 stock split.

• According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investment (FDI) in India rose 15% to $18.6 billion in Q1FY26, with the US emerging as the top investor. FDI inflows from the US surged to $5.6 billion, up from $1.5 billion a year earlier. Singapore and Mauritius followed as the next largest sources of investment.

  Q1 FDI inflows up 15%, US top source of investmenthttps://t.co/Be4cA2LT6M

  — Economic Times (@EconomicTimes) September 4, 2025

• Emkay maintains its 'Buy' call on ICICI Bank, with a higher target price of Rs 1,700 per share. This indicates a potential upside of 20.4%. The brokerage believes that the lender is well-positioned for net interest income (NII) growth, driven by better cost management, core fees, and improvement in asset quality. It expects the bank's NII to grow at a CAGR of 12.4% over FY26-28.

• Stationery stocks like DOMS Industries and Flair Writing are rising as the GST council cuts tax on items such as pencils, sharpeners and crayons to zero from 12%.

• Varun Beverages falls after the GST Council approves a hike in tax rates. Carbonated and caffeinated drinks will now attract a 40% GST, up from 28%. The GST on other non-alcoholic beverages will also rise to 40% from 18%.

• ICRA believes that the hike in GST on oil and gas exploration, development, and production, from 12% to 18%, will raise costs for upstream companies already hit by falling crude prices. Prashant Vasisht, Senior VP at ICRA, notes that with oil and gas prices declining since April 2025 due to global headwinds and OPEC+ production increases, realisations for these companies have already weakened.

  Higher GST on oil and gas exploration to raise production costs
  
  Read more: https://t.co/bHzwXrO7rf
  
  ?? @RishiKala

  — businessline (@businessline) September 4, 2025

• MosChip Technologies surges more than 15% as PM Narendra Modi announces that work is underway for the second phase of the India Semiconductor Mission (ISM 2.0). The Ministry of Electronics & Information Technology informs that the first phase of ISM attracted investments worth Rs 1.5 lakh crore across 10 semiconductor projects.

• Macquarie initiates coverage on Kaynes Technology with an 'Outperform' call and a target price of Rs 7,700 per share. This indicates a potential upside of 13.7%. The brokerage is confident in the stock due to its leadership in electronics system design & manufacturing (ESDM), and growth strategy focused on diversification, revenue expansion, and margin improvement. It expects the firm's EBITDA margin to expand to 20% by FY30.

• Gaming stocks like Delta Corp and Nazara Technologies are falling as the GST council increases tax on casinos, betting and online money games to 40% from 28%.

• Pankaj Pandey, Head of Research at ICICI Direct, views the GST cuts as positive for FMCG segments such as dairy, packaged foods, juices, and discretionary sectors like footwear, apparel, and hospitality. He says the move could boost consumption and benefit autos and consumer durables. However, Pandey warns of a potential annual revenue loss of Rs 1.8 lakh crore (0.5% of GDP), which may impact fiscal balances in FY26 and FY27.

  #MCExplains | GST cuts: Bigger boost for staples or discretionary demand? Here’s why Pankaj Pandey of ICICIDirect believes the real winners could be autos and consumer durables.#GST@iNandita13pic.twitter.com/CI6BAvn1wb

  — Moneycontrol (@moneycontrolcom) September 4, 2025

• Solar Industries falls after an explosion at its Nagpur facility killed one person and injured eight. The incident occurred during the crystallisation process of an energetic material, with the shock impact causing casualties in nearby areas.

• Insurance stocks like ICICI Lombard General Insurance, Star Health & Allied Insurance, and Niva Bupa Health Insurance are rising as the GST council cuts tax on insurance premiums to zero from 18%.

• ITI receives an order worth Rs 110 crore from Guj Info Petro (GIPL) for two IT projects. The company will implement IT infrastructure for GIPL and set up a cyber security operation centre (SOC) at its data centre in Gandhinagar to protect digital assets and ensure secure services.

• Auto stocks like Mahindra & Mahindra and Maruti Suzuki are rising after the government cuts GST rates on cars, two-wheelers, CVs, and tractors to 5% and 18%, while EVs remain at 5%. Emkay Global says the reform lowers tax burdens and fixes the inverted duty structure, with all auto parts now taxed at 18% (down from 18–28%). The brokerage sees a potential 5–10% boost in demand across segments.

  #MarketsWithBS | #GST rejig slashes rates on cars, two-wheelers, CVs, and tractors, while EVs stay at 5%.@EmkayGlobal sees a 5-10% demand boost; M&M, Maruti, Hero MotoCorp, Eicher, TVS, Bajaj Auto, Tata Motors, and Escorts among key beneficiaries.@nikita_vashisht#Markets… pic.twitter.com/erX9hn3Yr3

  — Business Standard (@bsindia) September 4, 2025

• GHV Infra Projects is rising as it bags a letter of intent (LoI) worth Rs 120 crore from GHV (India) for engineering, construction and redevelopment of South Eastern Railway's station in Jharkhand.

• FMCG stocks like Britannia, Colgate-Palmolive, Dabur, and Nestle India are surging after the GST Council cuts tax on essential goods from 12–18% to 5%, effective September 22.

• Poly Medicure is rising as its board of directors approves the acquisition of a 90% stake in PendraCare Group for Rs 188.5 crore through its Dutch subsidiary, RisoR Holdings BV.

• B Thiagarajan, MD of Blue Star, expects festive season sales to grow by 30%, up from the earlier estimate of 15–20%, driven by the GST rate cut to 18% on electronics. He adds that the company will pass down the benefit to consumers and believes the industry can achieve 20% growth in FY26 following rate rationalisation.

  GST Rate Cut Bonanza | B Thiagarajan, MD, Blue Star (@BlueStarLtd) to @CNBCTV18News
  
  - Our #growth estimate for festive season sales is now 30% vs 15-20% earlier
  - Entire benefit will be passed on to consumers
  - Industry can deliver 20% growth in #FY26 after rate rationalisation… pic.twitter.com/thLBm7AUod

  — CNBC-TV18 (@CNBCTV18News) September 4, 2025

• SPML Infra is rising as it appoints Abhinandan Sethi as Managing Director for five years, effective September 3.

• Bharat Heavy Electricals rises as it bags a letter of intent (LoI) worth Rs 2,600 crore from MB Power (Madhya Pradesh) to supply equipment, including boiler, turbine, and generator for an 800 MW power project in the state.

• Force Motors' August wholesales grow 4.5% YoY to 2,403 units, driven by a 6.6% YoY increase in domestic wholesales. However, exports decline 26% YoY to 108 units.

• Aptus Value Housing Finance is rising as reports emerge that WestBridge Capital plans to sell its entire 16.5% stake (or 8.2 crore shares) for Rs 2,600 crore at a price of Rs 316 per share through a block deal.

• Markets rise on early trading, Nifty 50 was trading at 24,873.10 (158.1, 0.6%), BSE Sensex was trading at 81,456.67 (889.0, 1.1%), while the broader Nifty 500 was trading at 23,001.90 (137.3, 0.6%).

• Market breadth is ticking up strongly. Of the 2,087 stocks traded today, 1,689 showed gains, and 353 showed losses.

Riding High:

Largecap and midcap gainers today include Mahindra & Mahindra Ltd. (3,481.50, 6.0%), Bajaj Finance Ltd. (934.75, 4.3%) and Colgate-Palmolive (India) Ltd. (2,464.60, 3.5%).

Downers:

Largecap and midcap losers today include Indian Overseas Bank (37.96, -3.8%), Max Financial Services Ltd. (1,566, -3.2%) and Varun Beverages Ltd. (489.50, -3.1%).

Volume Shockers

29 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included DOMS Industries Ltd. (2,692.20, 7.6%), Bata India Ltd. (1,245.50, 7.2%) and Metro Brands Ltd. (1,226.70, 4.8%).

Top high volume losers on BSE were Varun Beverages Ltd. (489.50, -3.1%), HDFC Life Insurance Company Ltd. (754.25, -2.9%) and Brainbees Solutions Ltd. (352.20, -2.8%).

Aptus Value Housing Finance India Ltd. (328.70, -1.0%) was trading at 31.2 times of weekly average. Escorts Kubota Ltd. (3,633.30, -1.2%) and Sapphire Foods India Ltd. (326, 0.9%) were trading with volumes 21.7 and 18.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Cummins India Ltd. (3,935, 1.3%), Eicher Motors Ltd. (6,425, 0.8%) and L&T Finance Ltd. (227.85, 0.3%).

26 stocks climbed above their 200 day SMA including DOMS Industries Ltd. (2,692.20, 7.6%) and ICICI Lombard General Insurance Company Ltd. (1,875, 2.9%). 14 stocks slipped below their 200 SMA including Mastek Ltd. (2,489.50, -3.4%) and Jammu & Kashmir Bank Ltd. (100.12, -2.6%).

• Money flow index (MFI) indicates that stocks like Maruti Suzuki, HBL Power Systems, UNO Minda, and Ola Electric Mobility are in the overbought zone.

• Yes Bank rises sharply after the Competition Commission of India (CCI) clears Sumitomo Mitsui Banking Corporation’s (SMBC) plan to acquire up to 25% stake. The deal will make SMBC the single-largest shareholder in the bank.

• Arkade Developers is rising as it plans to acquire a 100% stake in Woollen and Textile Industries for Rs 148 crore. The deal includes a 14,364 square metres land parcel in Bhandup (West), strengthening its presence in Mumbai’s central corridor.

• Axis Direct maintains its 'Buy' call on Inox Wind, with a target price of Rs 190 per share. This indicates a potential upside of 31.6%. The brokerage expects the company's revenue to grow in the medium term, driven by a strong order book with diverse clients and a healthy mix of equipment supply and Turnkey projects. It expects the firm's revenue to grow at a CAGR of 59.6% over FY26-27.

• As the GST Council meets today, the Federation of Hotel & Restaurant Associations of India (FHRAI) submits a five-point agenda, calling for a uniform lower GST across hospitality services, higher tariff thresholds, and other relief measures to enhance the competitiveness of India’s tourism sector.

  #Hospitality sector urges for uniform GST, tariff relief at Council meeting#GSTReforms#GSTCouncil#GSTWithCNBCTV18https://t.co/O4iBBRWptO

  — CNBC-TV18 (@CNBCTV18Live) September 3, 2025

• Caplin Point Laboratories rises as its arm, Caplin Steriles, gets USFDA approval to sell Milrinone Lactate in 5% dextrose injection, a treatment for severe heart failure. The drug’s US sales were around $11 million (around Rs 97 crore) in the 12 months ending July 2025.

• Indus Towers falls to its 52-week low of Rs 312.6 per share as its board of directors approves expansion in African markets, including Nigeria, Uganda and Zambia. This move aims to anchor its customer relationship with Bharti Airtel, with the company further evaluating other African markets where Airtel has established its presence.

• Tata Consultancy Services expands its partnership with Tryg, a Scandinavian non-life insurance company, in a deal worth Euro 550 million (~ Rs 5,636.8 crore). The company will simplify and standardise operations across Tryg's three major markets (Denmark, Sweden and Norway) over the next seven years.

• Oliver Brinkmann, co-head of global corporate banking at JP Morgan, says the bank is expanding its corporate banking presence in India, focusing on high-growth sectors like EVs, data centers, and solar energy. India, along with Japan, remains one of JPMorgan’s fastest-growing Asian markets, with strong growth expected despite the US doubling tariffs on several Indian imports to 50%.

  #JPMorgan is strengthening its corporate banking presence in India, focusing on sectors such as #EVs, data centers, and solar energy.
  
  Read more ??https://t.co/qBkGgD5nBq

  — NDTV Profit (@NDTVProfitIndia) September 3, 2025

• Inox Green Energy Services is rising as it signs an operations and maintenance (O&M) services agreement for 189.1 megawatt peak (MWp) of solar projects in Maharashtra and Madhya Pradesh. This takes its solar O&M portfolio to about 1.8 gigawatt (GW) and total renewable O&M portfolio to nearly 5.3 GW.

• MOIL rises sharply as manganese ore production jumps 17% YoY to 1.5 lakh tonnes in August. The company guides for FY26 production of 24 lakh tonnes compared to 18 lakh tonnes in FY25.

• E2E Networks surges to its 10% upper circuit as it bags an order worth Rs 177 crore from the Government of India to allocate H200 SXM and H100 SXM graphics processing units (GPUs) for 360 days under the IndiaAI Mission.

• Tarun Arora, CEO of Zydus Wellness, highlights the company’s first international acquisition of UK-based supplements firm Comfort Click for £239 million (approximately Rs 2,500 crore). He notes that Comfort Click operates in markets complementary to Zydus Wellness, enabling the company’s expansion into the UK and US wellness sectors. He also points out that the European vitamins and mineral supplements market is estimated at around £11 billion (approximately Rs 1.2 lakh crore).

  Zydus Wellness @ZydusUniverse talks on the acquisition of ComfortClick
  
  1? Will grow in digital channels & complementary geographies
  2? Expects growth momentum to continue, move towards $500mn in 5 yrs
  3? International market to contribue 35% vs 3-4% nowhttps://t.co/Tgr3GYXhWq

  — Nigel D'Souza (@Nigel__DSouza) September 3, 2025

• JSW Cement rises as its revenue grows 7.8% YoY to Rs 1,559.8 crore in Q1FY26. However, it reports a net loss of Rs 1,356.2 crore compared to Rs 15.1 crore loss in Q1FY25, due to a one-off charge from converting compulsory convertible preference shares (CCPS) into equity. The company also appears in a screener of stocks with zero promoter pledge.

• Netweb Technologies rises sharply as it bags an order worth Rs 1,734 crore from the Government of India to develop a sovereign artificial intelligence (AI) system under the IndiaAI Mission. The company will deliver the systems through its Tyrone Camarero AI platform.

• Vikran Engineering's shares debut on the bourses at a 2.1% premium to the issue price of Rs 97. The Rs 772 crore IPO received bids for 23.6 times the total shares on offer.

• India’s Services PMI climbs to a 15-year high of 62.9 in August, up from 60.5 in July. The rise is fueled by improved business confidence, supported by advertising plans and strong demand forecasts, despite modest job growth.

  India service sector growth hit 15-year high in August but inflation intensifies: PMI datahttps://t.co/GZBKz7OXdZ

  — Economic Times (@EconomicTimes) September 3, 2025

• Anlon Healthcare's shares debut on the bourses at a 1.1% premium to the issue price of Rs 91. The Rs 121 crore IPO received bids for 7.1 times the total shares on offer.

• Afcom Holdings' board of directors approves raising Rs 200 crore through a qualified institutional placement (QIP) of equity shares. The board also approves the preferential issue of 12.4 lakh shares worth Rs 106.6 crore.

• Waaree Energies rises as its board of directors approves the acquisition of a 64% stake in Kotson's for a cash consideration of Rs 192 crore. The company's board also approves acquiring a 100% stake in its step-down subsidiary, Impactgrid Renewables.

• Zomato increases its platform fee to Rs 12 per order, up from Rs 10, amid a surge in transactions driven by festive-season demand. The hike is seen as a temporary move, with the fee likely to return to Rs 10 once demand normalizes.

  #StartupsWithMC | Zomato hikes platform fee to Rs 12 to boost profitability amid festival season rush#Zomato#Business@AryamanGupta_ reports????https://t.co/ON524TO1aX

  — Moneycontrol (@moneycontrolcom) September 3, 2025

• Man Industries surges as it receives an export order worth Rs 1,700 crore from an international customer to supply coated pipes.

• UPL is rising as Advanta Enterprises' subsidiary, Advanta Mauritius plans to acquire the post-harvest business under Decco Holdings UK, a step-down subsidiary of UPL, at an enterprise value of $502 million (~ Rs 4,420 crore).

• PNC Infratech rises as it emerges as the lowest bidder for a Rs 297 crore project from the Airports Authority of India (AAI). The order involves the development at Lal Bahadur Shastri International Airport, Varanasi, including runway extension, re-carpeting, strengthening of the existing runway, and related work.

• TBO Tek surges as it plans to acquire US-based Classic Vacations from The Najafi Companies for up to $125 million (Rs 1,100 crore). The deal strengthens its position in the premium North American travel market.

• Nifty 50 was trading at 24,541 (-38.6, -0.2%), BSE Sensex was trading at 80,295.99 (138.1, 0.2%) while the broader Nifty 500 was trading at 22,713.95 (-10.5, -0.1%).

• Market breadth is in the green. Of the 2,066 stocks traded today, 1,327 were on the uptick, and 676 were down.

Riding High:

Largecap and midcap gainers today include Tata Steel Ltd. (167.85, 6.0%), Jindal Steel Ltd. (1,028.35, 5.5%) and Steel Authority of India (SAIL) Ltd. (129.68, 5.4%).

Downers:

Largecap and midcap losers today include Phoenix Mills Ltd. (1,512.40, -3.4%), MRF Ltd. (1,50,455, -2.2%) and UNO Minda Ltd. (1,283.20, -2.0%).

Volume Rockets

27 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included TBO Tek Ltd. (1,591, 15.1%), NMDC Steel Ltd. (43, 9.6%) and Piramal Pharma Ltd. (201.16, 7.7%).

Top high volume losers on BSE were ZF Commercial Vehicle Control Systems India Ltd. (13,802, -2.7%), Kirloskar Oil Engines Ltd. (893.50, -2.5%) and Zensar Technologies Ltd. (778.65, -1.8%).

Tejas Networks Ltd. (612.40, 4.5%) was trading at 7.6 times of weekly average. Indus Towers Ltd. (324.15, -1.6%) and EIH Ltd. (412.50, 3.6%) were trading with volumes 7.5 and 7.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks hit their 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bosch Ltd. (41,100, -0.5%), CCL Products India Ltd. (933.20, 1.0%) and L&T Finance Ltd. (227.15, 2.4%).

Stocks making new 52 weeks lows included - Indus Towers Ltd. (324.15, -1.6%) and Deepak Nitrite Ltd. (1,762.30, 0.2%).

35 stocks climbed above their 200 day SMA including TBO Tek Ltd. (1,591, 15.1%) and NMDC Steel Ltd. (43, 9.6%). 6 stocks slipped below their 200 SMA including Honeywell Automation India Ltd. (36,755, -2.4%) and Zensar Technologies Ltd. (778.65, -1.8%).

Nifty 50 closed at 24,579.60 (-45.5, -0.2%) , BSE Sensex closed at 80,157.88 (-206.6, -0.3%) while the broader Nifty 500 closed at 22,724.40 (10.9, 0.1%). Market breadth is in the green. Of the 2,538 stocks traded today, 1,568 were in the positive territory and 928 were negative.

Indian indices closed in the red amid global uncertainty and selling pressure in banking and financial stocks. The Indian volatility index, Nifty VIX, rose 0.8% and closed at 11.4 points. Indian sugar stocks surged as the government lifted restrictions on ethanol production from sugarcane juice, syrup, and molasses for FY26. The Supreme Court also dismissed a plea challenging the rollout of 20% ethanol-blended petrol (E20).

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green. BSE Power and S&P BSE Utilities were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 3.3%.

Asian indices closed mixed, while European indices are trading lower. US index futures traded in the red indicating a cautious start to the trading session. Investors are awaiting the US employment situation report for August, which the Bureau of Labor Statistics (BLS) is set to release on September 5. Analysts expect private payrolls to come in softer at 75,000, down from 83,000 last month. The unemployment rate is projected to edge up slightly to 4.3% from 4.2% in the previous month.

• Relative strength index (RSI) indicates that stocks like Maruti Suzuki, HBL Power Systems, Eicher Motors and TVS Motor are in the overbought zone.

• MRF surges to its all-time high of Rs 1,55,000 on expectations of a GST cut for tyres. The Automotive Tyre Manufacturers Association, representing six major producers covering 90% of India’s output, seeks a reduction from 28% to 5%.

• Deven Choksey retains its 'Accumulate' call on Hindustan Unilever, with a target price of Rs 2,870 per share. This indicates a potential upside of 7.3%. The brokerage expects strong medium-term growth, driven by premiumisation-led market share gains and higher traction in the beauty & wellbeing segment. It expects the firm's revenue to grow at a CAGR of 6.1% over FY26-27.

• Trident surges as it plans to invest Rs 250 crore to acquire 30.4% stake in Trident Global (TGCL), a company that focuses on premium home textiles. The deal gives Trident access to India’s branded home textiles market and helps expand its towels and bed sheets business.

• Tyre manufacturers like MRF and Ceat rise as strong auto sales and expectations of replacement demand boost sentiment. Kotak Institutional Equities believes that various government initiatives, including potential GST cuts, will support auto demand. A shift to an 18% GST rate across most segments could lower on-road prices by 3–8% for two-wheelers, passenger vehicles, commercial vehicles, and tractors, potentially driving higher volumes.

  #MarketsWithBS | MRF hits record high; Ceat, JK, Apollo Tyres rally up to 6%; here's why#Stocks#markets#stockmarketnews#sharemarket#MRFhttps://t.co/UOCOH2hczh

  — Business Standard (@bsindia) September 2, 2025

• DEE Development Engineers rises sharply as it receives a Rs 170 crore letter of intent (LoI) from a leading Indian PSU in the power sector. The contract is for supplying approx 1,900 metric tonnes of critical piping for two major power projects.

• Jain Irrigation Systems is rising as its board of directors approves raising up to Rs 500 crore through a qualified institutional placement.

• Motilal Oswal maintains its 'Buy' call on Suzlon Energy, with a target price of Rs 80 per share. This indicates a potential upside of 36.8%. The brokerage anticipates the company to benefit from policy tailwinds, localised supply chain advantages, in-house R&D, and execution readiness compared to its peers. It expects the firm's revenue to grow at a CAGR of 45.2% over FY26-27.

• TCS is reportedly rolling out salary hikes ranging from 4.5% to 7% for most of its employees. This follows a surprise move to cut 2% of its workforce, or about 12,000 employees, last month. Reports indicate that the hikes mainly apply to employees at the lower and mid levels of the hierarchy.

  #TechWithMC | TCS rolls out 4.5-7% salary hikes for majority of employees#TCS#Business
  
  Details here??https://t.co/Lcm4VWZyHa

  — Moneycontrol (@moneycontrolcom) September 2, 2025

• Glenmark Pharmaceuticals to launch Eribulin Mesylate injection in the US. The drug is a bioequivalent to Eisai's Halaven injection, which did sales of $66 mn last fiscal year, according to IQVIA.

• BSE is rising as the NSE shifts Nifty weekly expiry from Thursday to Tuesday. This change positions BSE’s Sensex options to expire on Thursdays, potentially attracting more trading activity around mid-week policy announcements and event-driven trades.

• Paisalo Digital rises sharply as its board of directors schedules a meeting for September 4 to consider a proposal for fundraise. The company's promoter, Equilibrated Venture Cflow, acquires an additional 6.6 lakh shares in the company.

• Morgan Stanley maintains an 'Overweight' rating on Reliance Industries (RIL) with a higher target price of Rs 1,701. The brokerage expects the company to benefit significantly from China’s recent efforts to reduce overcapacity in the energy and solar sectors. RIL’s energy costs could drop by up to 40% by 2030 as it transitions to renewables for its internal power needs within the next two years. With domestic sales and exports set to begin, the brokerage estimates that new energy could contribute 13% to RIL’s earnings.

  Morgan Stanley hikes target price for #RelianceIndustries, eyes over 25% upside.
  
  Here's why ????https://t.co/JeEWfTfSAT

  — NDTV Profit (@NDTVProfitIndia) September 2, 2025

• Bharat Electronics secures orders worth Rs 644 crore in August 2025. Major orders include data centre, ship fire control, tank navigation, communication equipment, seekers, jammers, simulators, electronic voting machines, along with upgrades, spares, and services.

• Sugar stocks like Shree Renuka Sugars, Rajshree Sugar & Chemicals, and Kothari Sugars surge more than 15% as the government lifts restrictions on ethanol production from sugarcane juice, syrup, and molasses for FY26. The Supreme Court also dismisses a plea challenging the rollout of 20% ethanol-blended petrol (E20).

• Rolex Rings is rising as its board of directors schedules a meeting on September 4 to consider a proposal for a stock split.

• Dilip K Banthiya, CFO of Radico Khaitan, expects over 20% volume growth in the Prestige & Above (P&A) segment in FY26, with no impact on demand from rains in North India. He anticipates the luxury and semi-luxury portfolio, currently 10% of sales, to rise to 20–25% over the next 4–5 years. He aims for high teens margins by FY28 and plans to make the company debt-free by mid-next year.

  RADICO KHAITAN
  
  Expects to grow P&A volumes by >20% in FY26
  
  Seen no impact of rains in North India on demand
  
  Luxury & Semi Luxury portfolio at 10% of Sales, to be 20-25% in 4-5 years
  
  Target high teens margins by FY28
  
  Will be Debt free by Mid-next yearhttps://t.co/rZsJfEW8UN

  — Mangalam Maloo (@blitzkreigm) September 2, 2025

• Shankara Building Products is rising as it receives National Company Law Tribunal (NCLT) approval to merge its subsidiary, Shankara Buildpro, with itself.

• Hero MotoCorp is rising as its monthly wholesales grow 8% YoY to 5.5 lakh units in August due to higher motorcycle sales and domestic business. Exports surge by 72.1% YoY to 34,588 units during the month.

• Prestige Estates Projects falls as it issues a corporate guarantee worth Rs 1,000 crore to the Hongkong and Shanghai Banking Corp (HSBC) in favour of its subsidiary, Prestige Acres.

• The 56th GST Council Meeting is scheduled for September 3 and 4 to discuss the Centre’s proposal for a simplified tax structure with two primary rates: 5% and 18%, along with a 40% rate for sin and demerit goods. The proposal also includes exemptions for life and health insurance premiums. Other key topics on the agenda include rate rationalization, compensation cess, digital invoicing, and sector-specific matters such as online gaming and drone taxation.

  Next-Gen #GST Reform | GST Council is set to meet on Sep 3 & 4 to discuss the Centre’s proposal to shift to a simplified structure of 5% and 18% along with a sin & demerit goods rate of 40%. The proposal also includes exemption on life & health #insurance premiums… pic.twitter.com/023RtNBakb

  — CNBC-TV18 (@CNBCTV18News) September 2, 2025

• Reliance Infrastructure rises to its 5% upper limit as it receives approval from the National Company Law Tribunal (NCLT) to merge Reliance Velocity with itself.

• Websol Energy Systems is rising as its board of directors approves a 10-for-1 stock split. The company's board also approves the capacity expansion of its solar cell and solar module production by 4 GW each, with a capex of Rs 3,000 crore.

• Puravankara surges as its wholly-owned subsidiary, Purva Blue Agate, secures the redevelopment rights for a prime residential society in Malabar Hill, Mumbai, with an estimated gross development value (GDV) of Rs 2,700 crore.

• Indraprastha Gas is rising as its board of directors approves forming a 74:26 joint venture (JV) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to set up a solar power plant in the state.

• Nifty 50 was trading at 24,662.90 (37.9, 0.2%), BSE Sensex was trading at 80,520.09 (155.6, 0.2%), while the broader Nifty 500 was trading at 22,747.65 (34.1, 0.2%).

• Market breadth is overwhelmingly positive. Of the 2,056 stocks traded today, 1,460 were gainers and 533 were losers.

Riding High:

Largecap and midcap gainers today include MRF Ltd. (1,53,885, 6.3%), Rail Vikas Nigam Ltd. (331.85, 5.1%) and NMDC Ltd. (72.80, 4.6%).

Downers:

Largecap and midcap losers today include Tube Investments of India Ltd. (3,047.50, -3.0%), Indus Towers Ltd. (329.45, -2.9%) and Mahindra & Mahindra Ltd. (3,234.50, -2.4%).

Volume Shockers

25 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Sammaan Capital Ltd. (139.36, 11.1%), Cello World Ltd. (568.75, 6.3%) and MRF Ltd. (1,53,885, 6.3%).

Top high volume losers on BSE were Five-Star Business Finance Ltd. (526.95, -4.1%) and Timken India Ltd. (2,931.30, 0.0%).

ITI Ltd. (301.90, 6.2%) was trading at 31.4 times of weekly average. Balrampur Chini Mills Ltd. (566.85, 4.7%) and KEC International Ltd. (862.05, 5.4%) were trading with volumes 18.0 and 9.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks made 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bosch Ltd. (41,315, 1.3%), Eicher Motors Ltd. (6,349, 1.1%) and MRF Ltd. (1,53,885, 6.3%).

Stocks making new 52 weeks lows included - Deepak Nitrite Ltd. (1,758.80, -1.7%) and Five-Star Business Finance Ltd. (526.95, -4.1%).

47 stocks climbed above their 200 day SMA including Sammaan Capital Ltd. (139.36, 11.1%) and ITI Ltd. (301.90, 6.2%). 7 stocks slipped below their 200 SMA including Honeywell Automation India Ltd. (37,660, -1.9%) and Redington Ltd. (240.81, -1.3%).