• 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/gp2ntMzmaV pic.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%).