KEY HIGHLIGHTS
That's all for NDTV Profit's real-time market coverage on Sept 3. Thank you for joining us today.
Closing Bell: Nifty, Sensex End Higher
Benchmark underperformed broader markets
The NSE Nifty and BSE Sensex ended higher
Tata Steel Ltd. and Hindalco Industries were top gainers in the Nifty 50.
Infosys Ltd. and HDFC Life Insurance Co were top loser
The NSE Nifty Metal is the top gainer as Tata Steel and Steel Authority of India supported
The NSE Nifty Metal gained over 3%, clocking the best intraday gain since May 2025
The NSE Nifty It was the worst performer as Infosys and Coforge Ltd. dragged
Rupee Closes Stronger Against US Dollar
Rupee closed 9 paise stronger at 88.07 against US dollar
It closed at 88.16 a dollar on Tuesday
Source: Bloomberg
GST Council Meeting: What's In Store For Middle Class?
Finance Minister Nirmala Sitharaman on Wednesday chaired the 56th meeting of the GST Council. The meeting comprising state ministers started deliberations on 'next-gen GST' reforms, which will lower tax rates on items of mass consumption, remove duty inversion in sectors like textiles, and ease the compliance burden for MSMEs.
Stock Market LIVE: Oil Prices Fall As OPEC+ To Consider Supply Boost
Oil prices extended losses as the Organization of Petroleum Exporting Countries and allies is expected to report supply boost, Bloomberg reported.
Brent crude was trading 1.55% down at $68.07 a barrel as of 3:21 a.m.
What's Driving Volatility In Global Debt Markets | Profit Explainer
Debt markets have grabbed investors' attention as yields on longer-dated debt notes have been hitting multi-decade highs in many developed countries. Fiscal concerns are driving the yields higher in debt markets.
Japan is the latest to join the global debt market slump. Its longer-dated bond yield surged to a multi-decade high, as reported by Bloomberg. Apart from worries over government spending and inflation, political uncertainty weighed on the sentiment.
Stock Market LIVE: Arkade Developers Signs MoU To Buy Stakes In Woollen & Textile Industries
Arkade Developers signed a memorandum of understanding to acquire 100% stake for Rs 148 crore in Woollen and Textile Industries, Bhandup West.
Stock Market LIVE: Caplin Point Gets US FDA Nod For Milrinone Lactate
Caplin Point Laboratories received the US Food and Drug Administration's approval for milrinone lactate in 5% dextrose injection. Milrinone is used for treatment of patients with acute decompensated heart failure.
Stock Market LIVE: Maruti Suzuki Unveils New Mid-SUV Car Victoris
Maruti Suzuki India Ltd. on Wednesday unveiled Victoris, its new flagship model that will strengthen the company's presence in the mid-SUV segment.
"We're seeing a shift in user base as more young Indians are buying cars. We thought of creating a product with a vibrant new SUV with increased safety features," said MD and CEO Hisashi Takeuchi.
Netweb Tech Shares Jump 8% On Rs 1,734-Crore Next-Gen AI Order
Netweb Technologies Ltd. on Wednesday announced an order worth Rs 1,734 crore for supply of servers based on Nvidia’s cutting-edge Blackwell architecture. The company did not disclose the name of the client, but called it one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions.
The order will leverage Netweb’s latest GPU-accelerated platforms built on Blackwell architecture. The execution is scheduled between the last quarter of fiscal 2026 and the first half of FY27, according to a statement.
Stock Market LIVE: Unichem Labs Recalls Cyclobenzaprine Hydrochloride
Unichem Laboratories issued voluntary nationwide recall of Cyclobenzaprine Hydrochloride tablets because of mislabelling, the company said in the exchange filing.
Nifty 50|Sensex| Stock Market LIVE: Jio Financial Allots Warrants To Founder Group Firms
Jio Financial Services allotted warrants to two founder group firms. The company allotted Rs 50 crore warrants at Rs 316.5 per share worth Rs 3,956 crore.
Nifty 50| Sensex| Stock Market LIVE: Netweb Tech Bags Order Worth Rs 1,734 Crore
Netweb Technologies bagged an order worth Rs 1,734 crore. The order is for supply of servers based on Nvidia's architecture, the company said in the exchange filing.
Stock Market Live: Nifty Bank Rises As SBI, IndusInd Bank And Kotak Bank Shares Lead
The NSE Nifty Bank rebounded from previous session's loss as State Bank of India, IndusInd Bank, and Kotak Mahindra Bank shares led.
Welspun Corp, Hind Copper And NALCO Lead Metal Stocks Rally
Welspun Corp, Hind Copper, and National Aluminium Co. were leading gains in metal stocks on National Stock Exchange.
Nifty|Sensex| Stock Market Today: TBO Tek Shares Rally 13% To Become Top Gainer In Nifty Smallcap 250
Shares of TBO Tek Ltd rallied as much as 13% during early trade on Wednesday on the back of its acquisition of US-based company Classic Vacations for $125 million. TBO Tek stock reached an intraday high of Rs 1,597 compared to the previous close of Rs 1,504.
Vikran Engineering Shares Make Lacklustre Debut After Rs 772-Crore IPO
Shares of Vikran Engineering Ltd. made a lacklustre debut on the stock market on Wednesday. The scrip opened at Rs 99 on the NSE and Rs 99.70 on the BSE. The IPO issue price was Rs 97.
The Vikran Engineering IPO was a book-building issue of Rs 772 crore. It comprised a fresh issue of 7.43 crore shares, amounting to Rs 721 crore, and an offer-for-sale (OFS) of 53 lakh shares, worth Rs 51 crore.
Sensex| Nifty 50|Stock Market LIVE: UPL Share Price Rises As It Set To Restructure Businesses
UPL Ltd. share price rose 2.72% to Rs 730 apiece. The stock rose as it announced the transfer of its wholly owned subsidiary—Decco—to Advanta, in a move to streamline business.
The transaction was made at an enterprise value of $502 million and is part of UPL’s ongoing commitment to optimise its portfolio
Nifty 50|Sensex| Stock Market Today: CG Power Shares Price Gains Over 11% In Four Sessions
CG Power and Industrial Solutions share price gained 11.39% in four sessions to Wednesday. The share continued to rally post its unit setting up first outsourced semiconductor assembly and testing facility.
Stock Market LIVE: Indus Towers Falls Over 5%
Indus Towers share price fell 5.13% to Rs 312.55 apiece. Indus Towers has announced their forays into international markets with a start at African countries.
Stock Market Today| Nifty 50|Sensex LIVE: One MobiKwik Share Price Trades Near Three-Month High
One MobiKwik Systems Ltd. share price jumped 6.80% to Rs 299.80 apiece, the highest level since June 11.
Nifty 50|Sensex|Stock Markets Live: Zerodha Crashes, Kite App Not Reflecting Rates
On Wednesday morning during early trading hours, Zerodha's trading App Kite platform crashed, many users complained on social emdia paltform X.
19 Dividend Stocks: ONGC, NTPC, Oil India, Bharat Bijlee — Last Day To Buy Shares To Qualify
Shares of Oil and Natural Gas Corp., NTPC Ltd., Oil India Ltd. and 16 other companies will be of interest on Wednesday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
Stock Market LIVE: Man Industries Gets Rs 1,700 Crore Order
Man Industries received order worth Rs 1,700 crore from international customers. The order for supplying coated pipes.
IPO News: Vikran Engineering Shares To List Today; GMP Signals Muted Stock Market Debut
Shares of Vikran Engineering Ltd. are scheduled to be listed on the BSE and NSE on Wednesday, September 3. Ahead of the Vikran Engineering IPO listing date, the grey market premium (GMP) for the Mumbai-based company indicates a muted listing gain of less than 7%.
Stock Market Today: TCS Share Price Rises As It Set To Drive Digital Transformation With Tyrg
Tata Consultancy Services Ltd. share price rose as it announced that it has partnered with Tryg to drive comprehensive digital transformation over the next seven years.
Stock Market LIVE: NHPC Share Price Rise For Third Session
NHPC Ltd. share price rose for three sessions in a row. The stock rose 0.48% to Rs 79.94 apiece. It was trading 0.26% higher at Rs 79.81 apiece as of 9:28 a.m.
Sectoral Performance At Open: Nifty Metal Outperforms
On National Stock Exchange, seven sectoral indices advanced, sic declined, and two remained flat out of 15.
Nifty Detractors: ICICI Bank, HDFC Bank And M&M Weigh
ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Bharti Airtel Ltd., and Bajaj Finance Ltd. weighed on the NSE Nifty 50 index.
Mahindra & Mahindra Ltd., Eternal Ltd., Tata Steel Ltd., State Bank of India, and Power Grid Corp limited losses to the NSE Nifty 50 index.
Nifty 50|Sensex| Stock Market Today: Nifty Sensex Erase Opening Gains
The NSE Nifty 50 and BSE Sensex erased opening gains as Infosys Ltd. and ICICI Bank Ltd. shares weighed. The indices were trading 0.13% and 0.14% down, respectively as of 9:22 a.m.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.56%
Source: Bloomberg
Rupee Opens Flat Against US Dollar
Rupee opened flat at 88.17 against US dollar
Source: Bloomberg
Stock Market LIVE: Acme Solar Gets Renewable-Energy Project From Tata Power
Acme Solar Holdings received letter of award for 50 megawatt for firm and dispatchable renewable energy, the company said in the exchange filing.
Stock Market LIVE: L&T Technology In Pact With SiMa.ai
L&T Technology Services is in pact with SiMa.ai for product innovation in mobility, healthcare, and industrial automation, the company said in the exchange filing.
Stock Market Update LIVE: Inox Green In Pact For Operations & Maintenance Of Solar Projects
Inox Green Energy Ltd. is in pact for operations and maintenance of 189.1 megawatt peak of solar projects, the company said in the exchange filing.
GST 2.0—The Big 'Antidote' To US Tariff Pain? Kotak AMC's Nilesh Shah Favours This Trading Move
The goods and services tax rationalisation, which aims to simplify the existing tax rate process and bring the GST rate to two slabs, is widely seen as a stimulus for consumption to drive the Indian economy. Most of the brokerages believe that even though the GST rejig process is said to drive urban demand in the festive season, it will also impact 0.3-0.4% of India's gross domestic product (GDP) revenue on an annualised basis.
Stock Market LIVE: TBO Tek Acquires US-Based Classic Vacations From Najafi Companies
TBO Tek Ltd. will acquire US-based classic vacations from the Najafi companies for $125 million, the company said in the exchange filing.
BEML To Roll Out 20 Train Sets For Bengaluru Metro In FY26, Says CMD Shantanu Roy
State-run engineering and manufacturing company BEML (formerly Bharat Earth Movers Ltd.) will roll out 20 train sets for the Bengaluru Metro in FY26, according to its Chairman and Managing Director (CMD), Shantanu Roy.
“In September, we are planning to roll out the first train, which is very much as per plan. And this year, we are supposed to roll out 20 train sets. We are on track as far as the Bengaluru Metro is concerned,” he said during a conversation with NDTV Profit on Tuesday.
Gold Prices Extend Record Rally
Gold prices extended record rally and scaled a fresh high early Wednesday. The bullion has been on a rising spree since the prospect for a rate cut in the US brightened and sell-off in bond and equity markets propelled traders to seek safety in the precious metal.
The Bloomberg spot gold rose 0.39% to a record high of 3,546.96 an ounce. It was trading 0.25% higher at $3,542.07 an ounce as of 7:50 a.m.
Asia Market LIVE Update: Mixed; Hang Seng Rebounds
Markets in Asia-Pacific were trading on a mixed note as traders assessed the tariff situation and a spike in global bond yields. The Nikkei 225 fell 0.12% while the KOSPI rose 0.30% as of 7:41 a.m.
The Hang Seng rebounded while the CSI 300 declined. US President Donald Trump alleged China of conspiring against Washington DC. He urged Xi Jingping to see that US is working in favour of China's freedom.
The Hang Seng was 0.52% higher, while the CSI 300 was 0.19% down as of 7:44 a.m.
Stock Market Today: GIFT Nifty Implies Negative Open
The GIFT Nifty was trading 0.06% or 15 points higher at 24,641 as of 7:35 a.m. The current movement of GIFT Nifty was implying that the benchmark NSE Nifty 50 may open with a slight negative bias.
US Market Update: S&P 500 And Nasdaq 100 Futures Rise
Most US stock futures were trading higher in Asia session after concerns over global budget worries pressured stocks on Wall Street Tuesday. The S&P 500 and Nasdaq 100 were trading 0.26% and 0.27% higher, respectively as of 7:33 a.m.
LIVE: GIFT Nifty Hints At Muted Open; Adani Power, TCS, SBI Cards And Payment In Focus
The GIFT Nifty was trading little changed at 24,624.50 as of 7:22 a.m., implying that the NSE Nifty 50 will likely open at a lower open compared to its previous close.
Traders will keep an eye on Adani Power Ltd., Tata Consultancy Services Ltd., SBI Cards and Payment Services Ltd., UPL Ltd., and DCX Systems Ltd. for the overnight news flow.
The benchmark equity indices ended in the red on Tuesday, a day after closing with gains. The NSE Nifty 50 settled 45.4 points or 0.18% lower at 24,579.6 and the BSE Sensex closed 206.6 points or 0.26% up at 80,157.8.
RECOMMENDED FOR YOU
Stock Market Today: Nifty, Sensex Nearly Erase Day's Gains As GST 2.0 Cheer Fizzles
Sep 04, 2025
Stock Market Today: Nifty, Sensex Reverse Gains On Expiry Volatility; Tata Consumer, Power Grid Top Losers
Sep 02, 2025
Stock Market Today: Nifty, Sensex Rebound From Three-Day Slump As Robust GDP Data Boosts Sentiment
Sep 01, 2025
Stock Market Today: Nifty, Sensex Post Worst Weekly Losing Streak In Nearly Two Years
Aug 01, 2025
POPULAR