Quick Read
Summary is AI Generated. Newsroom Reviewed
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Prime Minister Modi is visiting Japan, aiming for $68 billion investment
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US stocks hit records despite Nvidia slip; Asian markets opened subdued
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Oil prices fell below $68 a barrel amid waning Russia-Ukraine peace hopes
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Key Events/Data To Watch
Prime Minister Narendra Modi will begin his visit to Japan. He is expected to secure investment pledges from Japan of more than ¥10 trillion ($68 billion) during his two-day trip.
The government will release the GDP data for the April-June quarter and the fiscal deficit for April-July. The gross domestic product is estimated to grow by 6.6% in Q1FY26, according to economists polled by Bloomberg. That's compared to 6.5% in Q1FY25 quarter and 7.4% in Q4FY25.
Reliance Industries, NTPC, Oil & Natural Gas Corp., SBI Life Insurance, and IndusInd Bank, are among companies holding their annual shareholders’ meeting.
Markets At Home
The benchmark equity indices closed in the red for the second straight session on Thursday, the first day after 50% tariffs on India from the US came into effect.
While trade negotiations are still lacking clarity, the impact weighed on the markets. The monthly and weekly expiry date also contributed to pulling the markets lower.
The NSE Nifty 50 ended 211.15 points or 0.85% lower at 24,500.9 and the BSE Sensex closed 705.97 points or 0.87% down at 80,080.57.
The FPIs sold stocks worth approximately Rs 3,592.7 crore, according to provisional data from the National Stock Exchange. The DIIs stayed net buyers for the third session and bought stakes worth Rs 6,346.5 crore.
Wall Street Recap
US stocks notched a fresh record on Thursday, even as Nvidia Corp. shares slipped, as upbeat data on the economy and jobs offset a mixed earnings update from the world’s largest chipmaker. The S&P 500 Index climbed 0.3% to top 6,500, finishing higher in four of the last 10 sessions. The Nasdaq 100 Index rose 0.6%.
Asia Market Update
Asian equities opened subdued after US stocks set a new high, lifted by data underscoring economic strength ahead of the Federal Reserve’s favored price gauge due Friday. Shares opened lower in Japan and Australia while South Korea climbed.
Nikkei down 0.4%
Kospi down 0.1%
S&P/ASX 200 dow 0.2%
Hang Seng up 0.3%
Commodity Check
Oil fell 0.6% after gaining in the previous session on waning prospect of a peace agreement between Russia and Ukraine. Brent for November delivery traded below $68 a barrel, with the global benchmark more than 5% lower this month. West Texas Intermediate fell toward $64.
Gold headed for a consecutive weekly gain that’s pushed it closer to a record high, as investors braced for an inflation reading that may prove key to US monetary easing this year. Bullion was steady early Friday in Asia at around $3,415 an ounce.
Stocks In News
Indus Tower: The company appointed Vineet Jain as chief supply chain management officer effective Sept. 3.
Muthoot Finance: Allotted 3.25 lakh shares to arm Muthoot Money worth nearly Rs 500 crore to the company.
Shukra Pharma: The company received a letter of authorisation worth Rs 24 crore to supply medicines and diagnostic kits to Afghanistan.
NTPC: The company approved the Partial Modification to transfer coal mining business to arm. Additionally, approved the proposal for revised cost estimate-I of Rammam-III HEPP For Rs 2,865.6 crore.
GE Power: GE Power India sought injunction against Jaiprakash Power Ventures over Invocation of bank guarantees worth Rs 77.5 crore. Delhi High Court initially granted injunctions in August 2025. The court later allowed GE Power to deposit equivalent funds with Jaiprakash Power Ventures. GE Power is further evaluating legal steps after the order.
Omaxe: The company approved an allotment of non-convertible debentures worth Rs 19 crore on private placement basis.
Afcons Infra: Shapoorji Pallonji Mistry resigned as chairman and non-executive non-independent director. Mistry was appointed as chairman emeritus (honorary non-board position).
CG Power: Its arm CG Semi Pvt. launched India’s first outsourced semiconductor assembly and test facility in Sanand.
AGI Infra: The company acquires 60% stake in world’s next realty LLP for Rs 30 crore.
ICICI Bank: The company accepted the early retirement request of group chief compliance officer Subir Saha. The company appointed Anish Madhavan as group chief compliance officer.
Belrise Industries: The company incorporated Belrise Defence & Aerospace.
Hexaware Tech: The company entered a strategic partnership with Replit to empower secure vibe coding for enterprise.
Mufin Green: The company approved issuance of non-convertible debentures worth Rs 50 crore on a private placement basis.
Jain Irrigation: The board to meet on Sept. 2 to consider fundraising.
Mahindra Lifespace: The company appointed Parijat Dey as chief technology officer effective Sept. 1.
ALL Cargo Logistics- The company reported LCL Volume down by 5% YoY at 774 Cubic Meters for the month of July.
Sammaan Capital: The company raises $300 million by allotment of $300 million senior secured social bonds.
Kitex Garments: The company's arm, Kitex Apparel Parks Ltd., commenced commercial production at a manufacturing unit in Warangal.
Lemon Tree: The company signed a 98-room property in Dehradun.
Himatsingka Seide: The board is to meet on Sept. 2 to consider raising funds.
IPO Offering
Anlon Healthcare: The public issue was subscribed to 3.3 times on day 2. The bids were led by Qualified institutional investors (1.01 times), non-institutional investors (2.09 times), retail investors (22.32 times)
Vikran Engineering: The public issue was subscribed to 5.24 times on day 2. The bids were led by Qualified institutional investors (0.91 times), non-institutional investors (11.03 times), retail investors (5.23 times).
Bulk Deals
InterGlobe Aviation: The Chinkerpoo Family Trust sold 25.2 lakh shares (0.65%) at Rs 5814.71 apiece and additional 25.2 lakh shares (0.65%) at 5,825 apiece.
RBL Bank: Societe Generale bought 32.78 lakh shares (0.54%) at Rs 250.57 apiece.
Insider Trade
D. B. Corp: Promoter D B Power bought 39,540 shares between Aug. 25 to 26.
Dr. Lal PathLabs: Promoter (Hony) Brig. Dr. Arvind Lal sold 80,000 shares between Aug. 25 to 28.
Rama Steel Tubes: Promoter Tarun Dhir sold 2.13 lakh shares, Promoter Arun Dhir sold 4.37 lakh shares, Promoter Charanjit Lal Dhir sold 6.27 lakh shares, Promoter Tarun Dhir (Partner Of M/S Arun Enterprises) sold 22.5 lakh shares.
Signpost India: Promoter Niren Chand Suchanti sold 2,000 shares.
Seamec: Promoter Hal Offshore Limited bought 45,000 shares on Aug. 26.
Trading Tweaks
Ex-Dividend: Engineers India, Cantabil Retail India, Morepen Laboratories, NBCC, Nitin Spinners, IRB Infrastructure.
Stock Split: Steelcast (from Rs 5 to Re 1)
List of securities shortlisted in Short-Term ASM Framework Stage - I:
Price Band change to no band from 20%: Sammaan Capital.
Price Band change from no band to 20%: Aditya Birla Fashion and Retail, Adani Total Gas, CESC, Granules India, IRB Infrastructure Developers, Jindal Stainless, Poonawalla Fincorp, SJVN.
F&O Cues
Nifty September Futures down by 0.76% to 24,668 at a premium of 118 points.
Nifty September futures open interest up by 40%.
Nifty Options 2 September Expiry: Maximum Call open interest at 25000 and Maximum Put open interest at 24,000.
Securities in Ban Period: Nil
Currency/Bond Update
The rupee closed 5 paise stronger at 87.63 against US dollar. The yield on the ten-year bond ended seven basis points lower, at 6.53%.
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