Stock Market Today: Nifty Ends Below 24,800 On Last-Hour Plunge, Sensex Slides 350 Points From Day's High

The NSE Nifty Auto outperformed sectoral indices as Mahindra & Mahindra Ltd. hit a record high. Auto stocks advances after GST rate cuts brightened the outlook for the sector

The NSE Nifty 50 and BSE Sensex settled off day's high after paring most gains in the last hour of the trade. The NSE Midcap 150 and the NSE Smallcap 250 outperformed benchmark indices. (Photo: Freepik)

The NSE Nifty 50 and BSE Sensex ended off day's high as Infosys Ltd. and Trent Ltd. shares weighed. The indices pared most gains in the last hour of the trade. Tata Motors, Mahindra & Mahindra Ltd., and Bajaj Auto were top gainers in the Nifty 50 index, while Trent, Asian Paints, and Nestle India were top losers. Moschips Technologies and Netweb Technologies hit a record high.

That's all for live market coverage on Sept 8. Thank you for joining us today!

Closing Bell: Nifty, Sensex Settle Off Day's High 

  • Markets fell in last hour trade, ends flat for the day.

  • Sharp fall in last 30 mins leads Nifty, Sensex to end near the day's low

  • Nifty ends below 24,800 mark, fell 100 points from the day’s high

  • Trent, Asain Paints and Nestle India fell the most in Nifty

  • Trent fell over 4.5% from the day’s high, ends 4% lower for the day.

  • Nifty managed to end in green, maintains its 4-day gainning streak.

  • Nifty Midcap 150 gains 0.4% for the day, gains led by Bharat Forge, Ashok Leyland and Aditya Birla

  • Nifty smallcap 250 ends flat; TV18 broadcast, Rajest Exports and GMDC gains the most in Nifty

  • All sectoral Indices end on Mixed note

  • Nifty Auto gain over 3% for the day; emerges as the top gainning sector for the day.

  • Bharat Forge, Ashok Leyland and Samvardhan Motherson International gains the most in Nifty Auto

  • Nifty IT fell nearly 1.6% form the day’s high; ends as a top losing sector

  • Nifty Auto gains for the 4th consecutive session

  • Nifty realty snaps 2-day losing streak

  • Nifty PSU Bank, Metals, Oil and Gas gains for the second consecutive session

  • Nifty Financial, Nifty Bank services gains for the 4th consecutive session

Stock Market LIVE: HCLTech Appoints Amitabh Kant As Non-Executive Independent Director 

HCLTech Ltd. appointed Amitabh Kant as non-executed independent director for five years, the company said in the exchange filing.

Stock Market LIVE: The Make-or-Break Factor For E-commerce Firms Is Online Shopping Return Policy 

With urban Indian households projected to spend Rs 2.19 lakh crore this festive season, the stakes for a smooth shopping experience are higher than ever. For online shoppers, particularly those making high-value purchases over Rs 1,000, the confidence to buy hinges on the assurance that a product can be returned without hassle.

Also Read: Online Shopping Return Policy: The Make-or-Break Factor For E-commerce Firms This Festive Season

Stock Market LIVE: NALCO Share Price May Decline 

Alumina price declined 5% to $350 per ton, which may weigh on National Aluminium Co. In last one week, the stock price advanced 12%.

SEBI Issues New Dates For Derivative, Equity Segments — Check Details

The Securities and Exchange Board of India on Monday issued settlement dates for both the derivatives and equity segments to account for settlement holidays on Sept. 5 and 8, announced by clearing corporations.

The holidays were announced on the occasion of Id-E-Milad, marking the birth anniversary of Prophet Muhammad.

Also Read: Settlement Holidays: SEBI Issues New Dates For Derivative, Equity Segments — Check Details

Nifty 50|Sensex| Stock Market Today: SpiceJet Shares Tumble Following Q1 Loss Of Rs 234 Crore

SpiceJet Ltd. shares came under pressure on Monday after the company slipped to a loss in the first quarter of financial year 2026.

The airline registered a net loss of Rs 234 crore in the June quarter compared to a profit of Rs 150 crore in the year-ago period.

Also Read: SpiceJet Shares Tumble Following Q1 Loss Of Rs 234 Crore

Nifty 50|Sensex| Stock Market LIVE: Hero Moto Shares Rise 

The shares of Hero Moto rose over 2% after the company commenced the sales of Xoom 160 Scooters in India. These gains compare to a 0.40% advance in the benchmark index Nifty 50 as of 1:38 p.m.

Nifty 50|Sensex| Stock Market LIVE: TBO Tek Shares Jump 8% As Jefferies Hikes Target Price After THIS Update

Shares of TBO Tek Ltd. continued their upward momentum on Monday's trade, reaching an intraday high of Rs 1,687, which accounts for a gain of more than 8%. TBO Tek's rally on Monday comes on the back of multiple positives, including a key acquisition of US-based company Classic Vacations, which was followed by a bullish note from Jefferies.

Also Read: TBO Tek Shares Jump 8% As Jefferies Hikes Target Price After THIS Update

Stock Market LIVE: Samvardhana Motherson’s Vision 2030: Will The Next Five-Year Plan Beat The Last One?

Samvardhana Motherson International Ltd is in focus after the automotive components manufacturer unveiled 'Vision 2030'--its next '5-Year Plan'. Over the last couple of decades, the company has been guiding the Street with its five-year plans, the current one ending between 2020-2025.

However, 'Vision 2030' stands out compared to the previous five-year plans due to the notable increase and mentions of Non-Auto verticals such as aerospace, consumer electronics amongst other verticals.

Also Read: Samvardhana Motherson’s Vision 2030: Will The Next Five-Year Plan Beat The Last One?

RBI At Advanced Stage To Grant Universal Bank License, Says Ujjivan CEO Nautiyal

Ujjivan Small Finance Bank is positive about its application for a universal banking licence. The managing director and chief executive officer, Sanjeev Nautiyal, in a press conference, said that they are hoping to potentially receive a decision from the Reserve Bank of India by December.

Also Read: RBI May Be In Advanced Stages Of Processing Bank License Application, Says Ujjivan CEO Nautiyal

Stock Market LIVE: Mankind Pharma Gets CDSCO Not To Trail A Novel Drug 

Mankind Pharma Ltd. received Central Drug Standard And Control Organization to start phase 1 trial of novel drug used to trat autoimmune disorder, Bloomberg said.

Nifty 50|Sensex| Stock Market LIVE: Diamond Power Gets Order Worht Rs 185 Crore 

Diamond Power Ltd. received order worth Rs 185 crore from Adani Energy for Zebra conductor for Khavda project, the company said in the exchange filing.

This Recently Listed Kolkata-Based Company Has Potential Upside Of 30%, Says MOSL — Here's Why

Recently listed Ellenbarrie Industrial Gases Ltd. has received a bullish price target with a 'buy' initiation from brokerage Motilal Oswal Financial Services. The company debuted on the stock market on July 1 following an IPO. After the initial gain, the stock performance has been subdued.

Also Read: This Recently Listed Kolkata-Based Company Has Potential Upside Of 30%, Says MOSL — Here's Why

This AI Semiconductor Stock Hits An All-Time High Surging Over 50% In A Week — Here's Why

Shares of Moschip Technologies Ltd. are once again in focus, having surged in early trade on Monday and reaching an all-time high of Rs. 268.75.

The stock has been on a roll over the past week, posting gains of over 50% since Sept 1. Over a one-year period, Moschip shares have risen 30%.

Also Read: This AI Semiconductor Stock Hits An All-Time High, Surging Over 50% In A Week — Here's Why

Nifty 50|Sensex| Stock Market LIVE: Adani Power Share Price Rises Over 5% 

Adani Power Ltd. share price rose 5.63% to Rs 644 apiece. Adani Green Energy operationalised solar project of 87.5 megawatt capacity at Khavda.

Stock Market LIVE: M&M Share Price Hits Life High

Mahindra & Mahindra Ltd. share price rose 3.16% to a record high of Rs 3,673.80 apiece.

Stock Market LIVE: Labubu Maker Pop Mart Shares Fall On Demand Concern, Post-Hang Seng Entry Selling

Pop Mart International Group Ltd.’s shares tumbled, reflecting concerns over product demand for the Chinese toy maker and profit taking after the stock’s inclusion into two major indexes. 

The Labubu doll-producer’s Hong Kong-listed stock fell as much as 8.9%, the most in five months, as it became a member of the Hang Seng Index and the Hang Seng China Enterprises Index on Monday. 

Also Read: Labubu Maker Pop Mart Shares Fall On Demand Concern, Post-Hang Seng Entry Selling

Nifty 50|Sensex| Stock Market LIVE: Vikram Sola, Acme Solar And Inox Wind Shares Gain

Vikram Solar Ltd., Acme Solar Holdings Ltd., and Inox Wind Energy share prices advanced.

Stock Market Today: Tata Communication In Pact With Cisco 

Tata Communication is in pact with Cisco for eSIM and Internet of Things connectivity, the company said.

Stock Market LIVE: SpiceJet Share Price Falls 

SpiceJet Ltd. share price fell 5.37% to Rs 32.60 apiece. It was trading 3.57% down at Rs 33.22 apiece as of 10:39 a.m.

Nifty 50|Sensex|Stock Market LIVE: Hero MotoCorp Share Price Rallies For Sixth Day 

Hero MotoCorp share price rose for six days in a row. The stock price was trading 1.94% higher at Rs 5,466 apiece as of 10:36 a.m.

Nifty 50|Sensex| Stock Market LIVE: Broader Markets Outperform Benchmark Indices

The NSE Nifty Midcap 150 and NSE Smallcap 150 rose 0.64% and 0.55% respectively as of 10:13 a.m. The indices were outperforming benchmark indices.

Bharat Forge Ltd. and Ashok Leyland Ltd. were top gainers in the Nifty Midcap 150 index. Gujarat Mineral Development Ltd. and Jubilant Pharmova Ltd. were top gainers in the Nifty Smallcap 250.

Ola Electric, M&M, TVS Motor Rally After BofA Hikes Price Target — Check Share Price, Stock Ratings And More

The Indian automotive players' share prices are zooming ahead as the sector is poised for a significant upcycle, according to BofA. In line with this bullish view, the brokerages have also hiked the target price for all the companies it covers. The brokerage firm's positive outlook on the sector is driven by what it calls the 5Cs of the auto cycle, like credit, crude, cost, cash flows and compliance.

Also Read: Ola Electric, M&M, TVS Motor Rally After BoFA Hikes Price Target — Check Share Price, Stock Ratings And More

Nifty 50|Sensex|Stock Market LIVE: Jaiprakash Associates Share Price Hits Lower Circuit 

Jaiprakash Associates share price hit a lower circuit and fell to a low of Rs 3.42 apiece. As of 9:50, the stock remained locked in the lower circuit.

Stock Market Today: Servotech Renewable In Pact With China's Zhuhai Piwin New Energy 

Servotech Renewable is in pact with Zhuhai Piwin new energy for making battery storage systems in India, the company said in the exchange filing.

Sensex|Nifty 50|Stock Market LIVE: Netweb Technologies Hits New High 

Netweb Technologies India share price rose 7.62% to a fresh high of Rs 3,314 apiece.

Nifty 50| Sensex| Stock Market LIVE: Moschip Technologies Share Price Hits Record High 

Moschip Technologies share price rose 7.85% to a hit a record high of Rs 266.90 apiece. The share price has been rallying for seven sessions.

Also Read: Moschip Technologies Share Price Surges Over 34% In Six Days: What's Fueling The Rally?

Sectoral Performance At Open: Nifty Metal Outperforms

On National Stock Exchange, 13 sectoral indices advanced, and two remained flat out of 15.

Nifty Contributors: M&M, Tata Steel And Infosys Shares Support 

Mahindra & Mahindra Ltd., Tata Steel Ltd., Infosys Ltd., JSW Steel Ltd., and Tata Motors Ltd. added to the NSE Nifty 50 index.

HDFC Bank Ltd., Kotak Mahindra Bank Ltd., SBI Life Insurance Co., HDFC Life Insurance Co., and Asian Paints Ltd. limited gains in the NSE Nifty 50 index.

Opening Bell: Nifty, Sensex Open Higher As M&M, Tata Steel Shares Lead 

The NSE Nifty 50 and BSE Sensex opened higher as Mahindra & Mahindra Ltd. and Tata Steel Ltd. shares led. The indices were trading 0.22% and 0.23% higher, respectively as of 9:19 a.m.

Angel One Gets 'Buy' From JM Financial As Brokerage Bullish On Expansion To Wealth Management, Insurance

JM Financial has initiated coverage on Angel One with a 'Buy' rating. The brokerage expects the company to have earnings per share of Rs 141 in the financial year 2027, hence a target price of Rs 2,700 has been set with an expected price-to-earnings ratio of 19 times the FY27 EPS.

"The company is amongst the largest retail brokers in India, with over 32 million clients, of which over 9 million are NSE active," the brokerage noted.

Also Read: Angel One Gets 'Buy' From JM Financial As Brokerage Bullish On Expansion To Wealth Management, Insurance

Stock Market Today: Nifty, Sensex Rise At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.25% higher at 24,802.60 and BSE Sensex was trading 0.23% higher at 0.23% higher at 80,900.

Experts' View: Nifty Will Likely Have Bullish Momentum In First Hour 

"Nifty remains capped below the crucial 25,155 level, with volatility set to dominate until a decisive breakout occurs. Preferred trades: Nifty buy at 24,741 (targets 24,821–25,600) and Bank Nifty buy at 54,115 (targets 54,700–56,600)."
Prashanth Tapse, Senior Vice President, Research, Mehta Equities
"The Nifty 50 is at a decisive point, challenging the psychological 25,000 resistance, bolstered by heavy Call open interest. A firm close above 25,000 within the first hour could spark strong bullish momentum, potentially pushing the index toward 25,150–25,350 in the near term. However, if the index fails to hold above this level, selling pressure may emerge, with 24,600 serving as a key intraday support."
Ponmudi R, CEO, Enrich Money

Stock Market LIVE: Hero MotoCorp Appoints Harshavardhan Chitale As CEO 

Hero MotoCorp's board appointed Harshavardhan Chitale as chief executive officer with effect from Jan 5, 2026. The office of acting CEO Vikram Kasbekar to be relinquished. Kasbekar will continue to serve as chief technology officer.

35 Dividend Stocks: SAIL, RBL Bank, Titagarh Rail, HUDCO — Last Day To Buy Shares To Qualify

Shares of Steel Authority of India Ltd., RBL Bank Ltd., Titagarh Rail Systems Ltd., Housing & Urban Development Corp. and 31 other companies will be of interest on Monday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines shareholder eligibility for receiving a dividend.

Also Read: 35 Dividend Stocks: SAIL, RBL Bank, Titagarh Rail, HUDCO — Last Day To Buy Shares To Qualify

Stock Market LIVE: Acme Solar Places Battery Energy Storage System Order Through Posco 

Acme Solar Holdings Ltd. placed two gigawatt battery energy storage system order through Posco International Corp, the company said in the exchange filing.

Stock Market LIVE: Adani Green Energy Operationalises Project Capacity At Khavda

Adani Green Energy operationalised solar project of 87.5 megawatt capacity at Khavda. The total operational renewable capacity is now at 16,078 megawatt, the company said in the exchange filing.

Nomura Starts Coverage On Swiggy, Hikes Eternal's Target, Says Food Delivery 'Real Cash Generator'

Nomura initiated coverage on Swiggy Ltd. and hiked its target price for Zomato's parent Eternal Ltd. The brokerage sees the food delivery business as the real cash generator for the companies because of duopoly.

Nomura has rated Swiggy a 'buy' and has a target of Rs 550, which implies a 25% upside from Friday's close. The brokerage has a 'buy' rating on Eternal as well and raised the target price to Rs 370 apiece from Rs 300. The current target price implies a 9.1% upside from Friday's closing price.

Also Read: Food Delivery The 'Real Cash Generator' — Nomura Starts Swiggy Coverage, Eternal's Target Price Hiked

Gold Prices Hit Record High 

Gold prices hit a new high as weak jobs data increased rate-cut bets in the US. However, the bullion erased gains to trade 0.54% down at $3,633.75 an ounce as of 8:24 a.m.

Asia Market LIVE: Nikkei 225 Rises Over 1%

Equities in Japan advanced as Prime Minister Shigeru Ishiba said that it intends to resign from his post because of second national election setback. The Nikkei 225 and TOPIX were trading 1.43% and 0.90% higher as of 8:06 a.m.

US Market Update: S&P 500 And Nasdaq 100 Futures Advance 

Most US futures advanced in Asia session. On Friday, US stocks slumped after data showed slowdown in jobs growth, sparking hopes of faster monetary easing.

The S&P 500 and Nasdaq 100 futures were trading 0.13% and 0.30% higher, respectively as of 7:54 a.m.

LIVE: GIFT Nifty Hints At Positive Open; TVS Motor, Welspun Living, Zaggle Prepaid In Focus

The GIFT Nifty was trading 0.37% or 91.50 points higher at 24,393 as of 6:30 a.m., which implied a positive open for the NSE Nifty 50 index compared to previous close.

Traders will keep an eye on Welspun Living Corp Ltd., Zaggle Prepaid Ocean Services Ltd., TVS Motor Co. during Monday's session.

The benchmark equity indices ended flat on Friday after a see-saw trade as the markets had a mixed reaction to the overhaul in the goods and services tax.

The NSE Nifty 50 settled 6.7 points or 0.03% higher at 24,741 and the BSE Sensex closed 7.25 points or 0.01% lower at 80,710.76 on Friday.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Sept. 8

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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