Stock Market Live: Nifty, Sensex Extend Gains For Second Day Led By Airtel, Infosys

• Vodafone Idea Ltd.'s promoter KM Birla bought 1.86 cr shares in co at Rs 13.38/share on Sept 6.

• Pilani Investment And Industries Corp bought 30 lk shares of co at Rs 13.41/share on Sept 6.

Source: NSE

• Zydus Lifesciences Ltd. completed Phase II (a) clinical trial of Usnoflast inhibitor.

Source: Exchange filing

• Century Textiles & Industries Ltd. acquired ownership of 10 acres land parcel in Worli, Mumbai.

• The company plans to develop land through real estate subsidiary, Birla Estates.

• The land parcel booking value is seen at Rs 14,000 crore.

Source: Exchange filing

Market breadth was skewed in favour of the sellers. Around 2,598 stocks rose, 1,166 stocks declined, and 123 stocks remained unchanged on the BSE.

Issue gets fully subscribed on day 1

• Retail subscription at 1.45x as of 1:21 p.m.

• NII subscription at 1.33x as of 1:21 p.m.

• Overall subscription at 1.01x as of 1:21 p.m.

• The US Food and Drug Administration inspection at Unichem Laboratories Ltd.'s Goa plant classified as Voluntary Action Indicated.

Source: Exchange filing

• Mphasis Ltd. opened innovation hub for Mphasis Europe in London.

Source: Exchange filing

• Europe's largest intercity bus service, FlixBus partners with AbhiBus to expand India reach

Alert: AbhiBus manages bus ticketing business in India under the brand ixigo

Source: Exchange filing

• Tata Motors Ltd. cut e-vehicle punch prices by up to Rs 1.2 lakh.

• It also cut e-vehicle Nexon prices by up to Rs 3 lakh.

• Tata Motors Ltd. cut e-vehicle Tiago prices by up to Rs 40,000.

Source: Informist

IREDA Shares Rally On MoU With SJVN, GMR For 900 MW Hydro Project In Nepal

ITI Shares Jump On Winning Rs 300-Crore Order From Bihar Government

• SEPC Ltd. received an order worth Rs 183 crore from Bihar Government for supply of materials for irrigation purposes.

Source: Exchange filing

• KEI Industries Ltd. is expecting 16–17% revenue growth In financial year 2024-25.

• In next four years, KEI Industries is expecting 16–17% revenue growth.

• KEI Industries expects to maintain 50:50 mix in B2B and B2C business.

• KEI Industries expects to maintain 11% margin in FY25, and sees 0.5–1% improvement from there on.

• KEI Industries expect 35-40% growth in export business.

• KEI Industries expect 25% revenue growth in branded housing cable and wire business.

Source: Anil Gupta, CMD, KEI Industries Ltd. to NDTV Profit

HG Infra Engineering Snaps Six-Day Losing Streak After Rs 781-Crore Order Win

• AGS Transact Technologies Ltd. mplements & Commences Management of Prepaid Card Platform for IndianOil’s Flagship ‘XtraPower’ Fuel & Fleet Management Program.

• The order value is Rs 58 crore over five years.

Source: Exchange filing

• JTL Industries Ltd. successfully expands Galvanized Iron plant in Mangaon, Maharashtra.

• New facility to significantly add 5,000 million ton of capacity per quarter.

Source: Exchange filing

Tata Steel Shares Rise On News UK May Give 500-Million Pound Grant

Bikaji Foods, Gopal Snacks And Prataap Snacks Gain After GST Rate Cut

JSW Energy Shares Rise After Arm Bags Wind-Solar Power Project

Market breadth was skewed in favour buyers. Around 2,349 stocks rose, 552 stocks declined, and 91 stocks remained unchanged on BSE.

At pre-open, the NSE Nifty 50 was trading 0.25% higher at 24,999.40, and the BSE Sensex was trading 0.25% higher at 81,768.72.

• Morgan Stanley maintained Equal Weight with a target price Rs 8,696, which implied a downside of 30%.

• On-boarded HP India under IT hardware PLI 2.0

• Third large customer Co has on-boarded in IT hardware segment, following Lenovo and Acer

• The company begun begun manufacturing for Acer, and mass production is expected to commence for Lenovo in 3QF25

• New facility in Chennai with capex of Rs250 cr should be ready in 4Q25/1Q26.

• TAM of IT Hardware is roughly Rs. 80,000 Crores

• Dixon targets IT hardware revenue of Rs. 3,000-3,500 crore in financial year 2025-26.

• Rupee opened flat at 83.95 against the US dollar.

• It closed at 83.95 on Monday.

Source: Bloomberg

• Neogen Chemicals Ltd.'s chief financial officer Ketan Vyas resigned with effect from September 11.

Source: Exchange filing

Rupee Ends Flat Against Dollar Amid Continuous RBI Intervention

• Varroc Engineering Ltd.: To meet analysts and investors on Sept. 13.

• Interarch Building Products Ltd.: To meet analysts and investors on Sept. 16.

• Apar Industries Ltd.: To meet analysts and investors on Sept. 13.

• Uflex Ltd.: To meet analysts and investors on Sept. 12.

• Axis Bank Ltd.: To meet analysts and investors on Sept. 13.

• Syngene International Ltd.: To meet analysts and investors on Sept. 12.

• Ujjivan Small Finance: To meet analysts and investors on Sept. 13.

• Godrej Properties Ltd.: To meet analysts and investors on Sept. 18.

• Divgi Torqtransfer Systems Ltd.: To meet analysts and investors on Sept. 13.

• Bluejet Healthcare Ltd.: To meet analysts and investors on Sept. 12.

• Mahindra Holidays and Resorts: To meet analysts and investors on Sept. 19.

• Sapphire Foods India Ltd.: To meet analysts and investors on Sept. 13.

• Indegene Ltd.: To meet analysts and investors on Sept. 12.

• Dixon Technologies (India) Ltd.: To meet analysts and investors on Sept. 17.

• Aegis Logistics: To meet analysts and investors Sept.13.

• Symphony Ltd.: To meet analysts and investors Sept. 12.

• United Spirits Ltd.: To meet analysts and investors Sept. 19, 23, 24.

• Kotak Mahindra Bank Ltd.: To meet analysts and investors on Sept. 12.

• Landmark Cars Ltd.: To meet analysts and investors Sept. 10.

• Persistent Systems Ltd.: To meet analysts and investors Sept. 12, 18, 20.

• Adani Ports & Special Economic Zone Ltd.: To meet analysts and investors Sept. 17.

• Crompton Greaves & Consumer Electricals Ltd.: To meet analysts and investors Sept. 10, 11, 12.

• Bansal Wire Industries Ltd.: To meet analysts and investors Sept. 12.

• Mastek Ltd.: To meet analysts and investors Sept. 10.

Busy Week Ahead On India's Primary Market — 13 IPOs To Open And Eight Listings

• Camlin Fine Sciences: Promoter Infinity Direct Holdings sold 13.38 lakh shares and promoter Infinity Holdings sold 6.63 lakh shares on Sept. 4.

• Usha Martin: Promoter Peterhouse Investments Ltd. sold 10 lakh shares on Sept. 6.

• NRB Bearings: Promoter Harshbeena Zaveri bought 28,000 shares on Sept. 4. The promoter also bought 24,000 shares on Sept. 6.

• General Insurance Corporation of India: Promoter The President of India, acting through and represented by the Ministry of Finance, Government of India, sold 59.43 crore shares between Sept. 4 and Sept. 5.

• Sonata Software: Promoter Rajsekhar Datta Roy sold 48,000 shares between Sept. 3 and Sept. 6.

• Sapphire Foods: Promoter Vijay Jain sold 1.47 lakh shares and promoter Sanjay Purohit sold 2.33 lakh shares on Sept. 6.

• 360 One WAM: Promoter Anirudha Taparia sold 25,000 shares on Sept. 6.

Your Guide To FII Positions On Sept 10

• Kross: Kross Ltd. opened for bidding on Monday and was subscribed 0.88 times or 88%, led by retail investors. The company is looking to mop up Rs 500 crore. The offering consists of a fresh issue as well as an offer for sale, each worth Rs 250 crore.

• Tolins Tyres: Tolins Tyres Ltd. has been subscribed 1.8 times on the first day on Monday, led by demand from retail investors. The company is looking to raise Rs 230 crore via the offering, which consists of a fresh issue of equity shares worth Rs 200 crore and an offer for sale worth Rs 30 crore.

• Shree Tirupati Balajee Agro: Shree Tirupati Balajee Agro Trading Co.'s IPO was subscribed 124.75 times on the third and final day on Monday. It was subscribed 15.16 times on its second day and 6.36 times on the first day.

• Bajaj Housing Finance: Bajaj Housing Finance Ltd.'s initial public offering was subscribed 2.02 times on the first day on Monday. The three-day offer entails a fresh issue of equity shares worth Rs 3,560 crore and an offer for sale worth Rs 3,000 crore from its owner, Bajaj Finance Ltd.

IREDA Partners With SJVN, GMR Energy For 900 MW Upper Karnali Hydro Project In Nepal

GST Council Exempts Foreign Airlines From GST On Import Of Services

Trade Setup For Sept 10: Nifty Faces Crucial Near-Term Resistance Around 25,000-25,100 Range