Good morning!
Key Events/Data To Watch
India’s forex, bond and money markets will be open for trading on Friday after Maharashtra moved a public holiday to Sept. 8.
Markets At Home
The benchmark equity indices ended in the green on Thursday after a positive boost on consumption came in from goods and services tax rate cuts. During trade today, the markets had risen significantly before closing off highs due to factors like the BSE expiry.
The NSE Nifty 50 settled 19.25 points or 0.08% higher at 24,734.30 and the BSE Sensex closed 150.30 points or 0.19% up at 80,718.01. The Nifty rose as much as 1.08% during the day to 24,980.75, while the Sensex was up 1.10% to 81,456.67.
Wall Street Recap
Wall Street traders gearing up for Friday’s jobs report got a trio of data that reinforced the view of a cooling labor market, keeping bets on Federal Reserve rate cuts alive while driving stocks and bonds higher.
The latest readings on hiring and unemployment claims came on the eve of data that’s expected to extend the weakest stretch of US job growth since the pandemic.
Treasury two-year yields fell to the lowest in about a year. Money markets almost fully priced in a Fed reduction this month and see at least two by year-end. The S&P 500 rose nearly 1% to an all-time high. In late hours, Broadcom Inc. gave an upbeat outlook, reporst Bloomberg.
Asian Market Update
Asian shares posted early gains Friday after stocks and bonds rallied on Wall Street as further signs of a cooling labor market reinforced bets the Federal Reserve will cut rates this month, reports Bloomberg.
Stocks rose in Japan, Australia and South Korea at the open.
Nikkei up 0.82%
Kospi up 0.2%
S&P/ASX 200 up 0.46%
Hang Seng down 1.12%
Commodities Check
Oil fell for a third day, heading for a weekly decline ahead of an OPEC+ meeting that may see the group sign off on another supply hike. Brent fell toward $66 a barrel after losing more than 3% over the prior two sessions, while West Texas Intermediate was near $63.
Gold is headed for a third weekly gain, ahead of a US jobs report that may reinforce bets that the Federal Reserve will cut interest rates later this month. Bullion traded near $3,542 an ounce, having slipped from an all-time high of $3,578.51 an ounce reached Wednesday.
Copper and other base metals were steady as investors awaited key US payrolls figures due on Friday that may influence the Federal Reserve’s next moves on interest rates.
Stocks In News
Zydus Life: The company entered into an exclusive licensing and supply agreement with Synthon for Ozanimod capsules for the US market.
Global Health: The company received in-principal approval from Assam Industrial Development Corporation Ltd. for a 60-year lease of 3.5 acres of land in Guwahati
Team Lease Services: The company’s arm has incorporated a new wholly owned foreign subsidiary, TeamLease Digital Solutions Pvt., in Singapore to help expand its global footprint.
R.P.P. Infra: The company won order worth Rs 134.21 crore from the Maharashtra State Infrastructure Development Corporation Ltd. for the improvement of the Matheran Neral Kalamb road
Indo-Tech Transformers: The company has received orders worth Rs 78.39 crore for purchase order from Avaada Clean Project Private Limited for the supply of nine 125 MVA transformers.
Varun Beverages: The company has incorporated a joint venture company in India called White Peak Refrigeration Pvt. to manufacture visi-coolers and other refrigeration equipment.
Poly Medicure: The company’s arm, RisoR Holdings BV, has signed an agreement to acquire 90% economic rights in Pendracare Group.
JB Chemicals: Torrent Pharma will acquire a 26% stake in the company for a total of Rs 6,843 crore, with a per-share price of Rs 1,639.18.
Zota Healthcare: The company has approved a proposal to raise up to Rs 500 crore through a Qualified Institutional Placement.
Bharat Forge: The company’s arm has purchased a 949.65-acre plot of land in Andhra Pradesh to build a defense energetics manufacturing complex.
Ceigall India: The company has been awarded the "Construction World Global Award 2025" as the Fastest Growing Construction Company (Medium Category).
NTPC: The company has permanently discontinued Stage-I of its Tanda Thermal Power Station.
Yasho Industries: The company has signed a long-term, 15-year supply agreement with a global multinational corporation for lubricant additives, which is expected to generate an annual revenue of approximately Rs 150 crore starting from the end of fiscal 2027.
Deepak Nitrite: The company’s arm has issued and allotted 34 lacs Optionally Convertible Redeemable Preference Shares to another subsidiary for a total of Rs 34 crore.
Tourism Finance: Promoter Aditya Kumar Halwasiya acquired 3.6 lac shares through open market worth Rs 12.22 crore.
Indian Hotels: The company has detected a malware incident affecting its IT systems and is taking immediate action to contain the impact and secure the systems.
Concor: The company signed memorandum of understanding with BharatPort India Pvt. to operate container terminal at Bhavnagar Port.
Sterlite Tech: The company launches the world’s slimmest IBR cable with 864F for hyperscalers in the United States
Trent: The company’s arm has incorporated a new wholly owned arm to invest and deploy funds, in the acquisition, purchase, development, construction, leasing, sale or otherwise dealing in real estate properties.
Quick Heal Tech: Vishal Salvi has ceased to be the chief executive officer, effective Aug. 31, 2025.
Travel Food Services, Dreamfolks Services: TFS has issued a notice to terminate the extended arrangement with Dreamfolks effective from Sept. 15, 2025.
Reliance Industries: Reliance Retail will pass on the benefits of lower GST rates on to consumers.
HCLTech: The company partnered with SailPoint to provide modern identity at enterprise scale for the age of AI.
Astral: The company has acquired the remaining 5% equity stake in its UK subsidiary, for a cash consideration of Rs 4.75 crore.
Karur Vysya Bank: The bank will open three new branches on Sept. 8, 2025, located in Madurai, Coimbatore, and Visakhapatnam and the bank has reduced its Marginal Cost of Funds Based Lending Rates across all tenures, with the new rates effective from Sept. 7, 2025.
Sammaan Capital: The company Names Himanshu Mody as Deputy CEO of the company.
SMC Global Securities: The company acted as a designated market maker in the IPO of Oval Projects Engineering and later acquired a 14.51% stake in the company.
Himadri Speciality Chemical: The company has allotted 2,000 units of commercial paper worth Rs 100 crore.
NHPC: The company has appointed Bhupender Gupta as its new chairman and managing director.
Biocon: The company received a Form 483 with five observations from the US Food And Drugs Administration following an inspection at its Bengaluru plant.
HDFC Life Insurance: The company expects GST Reforms will spur demand, boost its value of new business, and have a non-material (less than 0.5%) impact on embedded value.
Aarti Drugs: The company’s new manufacturing plant in Sayakha, Gujarat, with a capacity of 60 MTPD for products like Dimethylamine and Trimethylamine, has begun commercial operations on Sept. 4, 2025.
TVS Supply Chain: The company has voluntarily liquidated its dormant UK step-down subsidiary
Shree Digvijay Cement: The company signed a supply and distributorship agreement with Hi-Bond Cement while its promoter, True North, will sell its 50.1% stake in the company to IRF Entities and the company is launching a mandatory open offer to acquire up to 3.85 crore equity shares, priced at Rs 92.20 per share.
Shiva Cement: The company’s 1 MTPA grinding unit at Sambalpur is ready for commissioning.
Jagsonpal Pharma: The company has appointed Amrut Medhekar as its new COO to drive strategic growth and operational efficiency with his 30 years of industry experience across Zydus, Wockhardt etc.
UTI AMC: The company has appointed Vetri Subramaniam as its new managing director and CEO.
Concord Control Systems: The company has developed India's first 100% indigenous zero-emission propulsion system for converting diesel locomotives
Earnings In Focus
Bluestone Jewellery (Consolidated, YoY)
Revenue up 41.5% At Rs 493 crore Vs Rs 348 crore
Ebitda At Rs 55.8 crore Vs Rs 2 crore
Margin At 11.3% Vs 0.6%
Net Loss of Rs 34.5 crore Vs Loss of Rs 59.2 crore.
Bulk Deal
Aptus Housing: Aditya Birla Sunlife Mutual Fund bought 45.01 lakh shares(0.90% stake) at Rs 328.85, Bandhan Mutual Fund buy 30.41 lakh shares(0.61% stake) at Rs 328.85, East Bridge Capital Master Fund buy 26.79 lakh shares(0.54% stake) at Rs 328.85, ICICI Prudential Mutual Fund buy 30.41 lakh shares(0.61% stake) at Rs 328.85, Kotak Mahindra Mutual Fund buy 1.76 crore shares(3.53% stake) at Rs 328.85, Mansi Share And Stock Broking Pvt. had a net sell of 8.40 lakh shares(0.17% stake) (bought 27.01 lakh shares at Rs 330.06 and sold 35.41 lakh shares at Rs 333.86), Oxbow Master Fund Ltd; buy 26.79 lakh shares(0.54% stake) at Rs 328.85, Quant Mutual Fund buy 36.49 lakh shares(0.73% stake) at Rs 328.85, Societe Generale buy 38.85 lakh shares(0.78% stake) at Rs 328.85, Tata AIG General Insurance Co Ltd. buy 45.62 lakh shares(0.91% stake) at Rs 328.85, Westbridge Crossover Fund LLC sell 809.11 lakh shares(16.19% stake) at Rs 328.99.
SG MART: Blue Foundry Advisors LLP sold 16.32 lakh shares (1.29% stake) at Rs 327.44, and QRG Investments and Holdings Ltd sold 20 lakh shares (1.58% stake) at Rs 327.52. Rohan Gupta bought 35 lakh shares (2.77% stake) at Rs 333.01.
Block Deal
Aptus Housing: Aditya Birla Sunlife Mutual Fund buy 45.01 lakh shares(0.90% stake) at Rs 328.85, Bandhan Mutual Fund buy 30.41 lakh shares(0.61% stake) at Rs 328.85, East Bridge Capital Master Fund Limited buy 26.79 lakh shares(0.54% stake) at Rs 328.85, ICICI Prudential Mutual Fund buy 30.41 lakh shares(0.61% stake) at Rs 328.85, Kotak Mahindra Mutual Fund buy 1.76 crore shares(3.53% stake) at Rs 328.85, Oxbow Master Fund Limited buy 26.79 lakh shares(0.54% stake) at Rs 328.85, Quant Mutual Fund buy 36.49 lakh shares(0.73% stake) at Rs 328.85, Tata AIG General Insurance Co Ltd buy 45.62 lakh shares(0.91% stake) at Rs 328.85, Westbridge Crossover Fund LLC sell 6.10 crore shares(12.20% stake) at Rs 328.85.
Insider Trade
MTAR Tech: Promoter Akepati Manogna sold 14,000 shares (0.04% stake) worth Rs 2.02 Cr between 2-3 September 2025
Trading Tweaks
Price band change from 10% to 5%: Ganga Forging, Zuari Agro Chemicals
List of securities shortlisted in Short-Term ASM Framework: Astron Paper, Jai Corp, Southern Petrochemicals, Newjaisa ,Saj Hotels, Sharp Chucks, Spacenet
List of securities shortlisted in Long - Term ASM Framework: Vimta Labs
F&O Cues
Nifty September Futures up by 0.09% to 24,813 at a premium of 93 points.
Nifty September futures open interest up by 2.76%
Nifty Options 2 September Expiry: Maximum Call open interest at 25000 and Maximum Put open interest at 24,500.
Securities in Ban Period: RBL Bank
Rupee/ Bond Update
The rupee closed 11 paise weaker at 88.18 against US dollar. It settled at 88.07 on Wednesday. The yield on the 10-year bond, went down five basis points to close at 6.49%.
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