Good morning!
Key Events To Watch
The vce presidential election will be held for a direct contest between ruling NDA nominee CP Radhakrishnan and joint opposition candidate B Sudershan Reddy.
Finance Minister Nirmala Sitharaman to speak at the NDTV Profit’s GST Conclave 2025. Commerce & Industry Minister Piyush Goyal will speak at two events in New Delhi.
Mauritius Prime Minister Navinchandra Ramgoolam will arrive in India on a state visit on Sept. 9-16.
Markets At Home
The benchmark equity indices ended flat on Monday after falling sharply in the last hour of trade, closing near the day's low.
The NSE Nifty 50 settled 32.15 points or 0.13% higher at 24,773.15 and the BSE Sensex closed 76.54 points or 0.09% up at 80,787.30. The Nifty rose as much as 0.58% during the day to 24,885.50, while the Sensex was up 0.57% to 81,171.38.
Wall Street Recap
A rally in tech shares helped lift US equity benchmarks on Monday as traders continue to bet that a Federal Reserve interest rate cut will fuel further stock market gains. The S&P 500 Index ended the session 0.2% higher, the tech-heavy Nasdaq 100 rose 0.5%, while the Dow Jones Industrial Average closed 0.3% higher.
Asia Market Update
Asian stocks climbed on Tuesday as Wall Street’s upbeat mood ahead of expected Federal Reserve rate cuts flowed into regional trading. Equities in Japan and South Korea rose in morning trading while those in Australia declined.
Commodities Check
In commodities, oil rose for a second day as investors weighed the the prospect for softening demand after Saudi Arabia cut pricing for most of its grades. Brent traded near $66 a barrel after closing 0.8% higher on Monday, while West Texas Intermediate was above $62.
Gold held near its latest record reached on Monday, with its rally stoked by a surge in bets for a wave of Federal Reserve rate cuts this year. Bullion was little changed in early Asian trading, trading at around $10 short of its latest peak of $3,646.46 an ounce.
Stocks In News
Dish TV India: The company’s arm Dish Infra Services has announced its strategic foray into the integrated Smart TV segment with the launch of Smart TVs under the brand name “VZY”.
Infosys: The company to consider buyback of shares on Sept. 11.
TVS Motor Co: The company informs that it will pass on the full benefit of GST rate reduction to customers across its ICE portfolio, following the recent reforms introduced by the GST Council.
Medi Assist Healthcare: The company's shareholders have approved the preferential issuance of 37 lakh equity shares to Massachusetts Institute of Technology and 238 Plan Associates LLC. The company updates on plans to use the Rs 198 crore raised for debt repayment in a subsidiary (Rs 150 crore) and for general corporate purposes (Rs 48 crore), with the funds to be utilised within two years of allotment.
Craftsman Automation: The company has made a strategic investment of Rs 2.6 lakh to acquire a 26% shareholding in Eastsquare Energy, a power generation and transmission company.
GlaxoSmithKline Pharmaceuticals: The company has received two orders from the Maharashtra GST authorities for alleged non-payment of GST on the export of services.
IRB Infrastructure Developers: The company posted a toll revenue update and reported a 12% YoY growth in their combined toll revenue, which increased to Rs 563 crore in August 2025 versus Rs 503 crore in August 2024.
Housing and Urban Development Corp: The company has signed a non-binding Memorandum of Understanding with the Nagpur Metropolitan Region Development Authority to provide up to Rs 11,300 crore in funding over five years.
Strides Pharma Science: The company has entered into a strategic product development partnership with Kenox Pharmaceuticals to expand its portfolio of nasal spray products for the US market.
Karur Vysya Bank: The company has expanded its reach by opening new branches in Seraiyampalayam Road, Neelambur, Coimbatore and Nedungalam Main Road, Chinthamani, Madurai.
Avantel: The company has received an amended Purchase Order worth of Rs 9.88 crore from the Department of Atomic Energy.
Rail Vikas Nigam : The company updates that approval for formation of wholly owned subsidiary has not been agreed to by the Department of Investment and Public Asset Management.
Morepen Laboratories: The company’s arm Morepen Medipath has executed a joint venture agreement with Bimedical FZE, to form a joint venture company.
Godrej Consumer Products: The company’s arm PT Godrej Consumer Products has commenced construction for setting up a new manufacturing site at Kendal, Indonesia.
NDTV: The company's Board of Directors has approved a rights issue to raise up to Rs 396.50 crore by offering 4.8 crore new fully paid-up equity shares at an issue price of Rs 82 each.
Quality Power Electrical Equipments: The Company’s arm ENDOKS ENERJİ ANONİM ŞİRKETİ, has received two significant orders for supply of its FACTS system from a European customer for a steel plant. The combined value of these two orders is approximately Rs 75.19 crore.
RailTel Corp: The company has received the letter of acceptance from State Project Director Bihar Education Project Council worth Rs 44.21 crore. The company has also received a work order from State Project Director Bihar Education Project Council for Supply amounting to Rs 59.76 crore.
Tech Mahindra: The company informs that CTDEV LLC, a wholly-owned step-down subsidiary of the Company, has been voluntarily liquidated.
Alpex Solar: The company gets Rs 345 crore order for supply of solar modules.
John Cockerill India: The company gets Rs 50 crore order for the supply of cold rolling mill from Godawari Power.
String Metaverse: The company updates that Meenavalli Krishna Mohan resigns as CFO and Sai Santosh Althuru resigns as CEO, and appoints Raghavendra Hunasgi as CEO and Hemant Prabhudas Vastani as CFO.
TGV Sraac: The company updates that its total solar power generating capacity stands at 45.4 MW.
BR Goyal Infrastructure: The company gets work order worth Rs 125.9 crore from the public works region in Nashik.
DHARAN INFRA-EPC: The company’s arm gets Rs 262 crore order from a leading renewable energy company in India, engaged in solar power.
Indian Overseas Bank: The company informs that the government extends the tenure of Ajay Kumar Srivastava as chief executive officer and managing director till Oct. 8, 2027.
Arisinfra Solutions: The company’s arm launches villa plots in Bengaluru along with Vaishnavi Residences. The project is estimated to have a gross development value of over Rs 200 crore.
Listing Day
Amanta Healthcare: The company's shares will debut on the stock exchange on Tuesday at an issue price of Rs 126 apiece. The Rs 126-crore IPO was subscribed to 82.61 times on day three. The bids were led by Qualified institutional investors (35.86 times), non-institutional investors (209.42 times), retail investors (54.98 times).
Bulk & Block Deals
PFOCUS: All the transactions took place at Rs 156.55 a piece.
Marina Horizon sold 9.44 lakh shares (0.30%), Marina Iv sold 48.3 lakh shares (1.56%), Augusta Investments sold 62.2 lakh shares (2.01%) and Craft Emerging Market Fund bought 1.2 crore shares (3.87%).Prataap Snacks: Altitude Investment Fund sold 3.37 lakh shares at Rs 1,029.59 apiece.
Goodluck India: Arpna Capital sold 3.65 lakh shares at Rs 1,230.56 apiece. SBI Funds Management bought 4.73 lakh shares at Rs 1,229.92 apiece.
Pledge Share Details
Safari Industries India: Safari Commercial, Promoter Group, disposed 2 lakh shares
Paisalo Digital: Equilibrated Venture Cflow, Promoter Group, acquired 31 lakh shares
Jash Engineering: Patamin Investments, Promoter Group, acquired 80,920 shares
Trading Tweaks
List of securities shortlisted in Short-Term ASM Framework Stage – I : E2E Networks, Hemisphere Properties, Kross, MIC Electronics, One Mobikwik Systems, Netweb Technologies India
Price Band change from 10% to 5%: Laxmi Goldorna House, Ola Electric Mobility, Rishabh Instruments
Price Band change from 20% to 5%: Jubilant Agri And Consumer Products, Kingfa Science & Technology
Price Band change from 20% to 10%: Jai Corp, Mic Electronics, Stallion India Fluorochemicals
F&O Cues
Nifty Sept futures is up by 0.21% to 24,900.80 at a premium of 127.65 points.
Nifty Septfutures open interest down by 0.73%.
Nifty Options Sept 9 Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24,500.
Securities in ban period: RBL Bank
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