32 C 
RPEL to set up 3.5 lakh MTPA silica ramming mass manufacturing facility in Odisha
In joint venture with TRL Krosaki Refractories
Nifty below 23,800 level; IT shares under pressure
At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 417.25 points or 0.55% to 76,098.18. The Nifty 50 index lost 131.10 points or 0.55% to 23,769.50.
Sudarshan Pharma hits the roof on acquiring 9.5% stake in cancer therapy firm MedTherapy Biotech
Sudarshan Pharma Industries was locked in 5% upper circuit at Rs 41.39 after the company said that its board has approved a proposal to acquire 24,23,675.64 equity shares of common stock, equivalent to 9.50% stake of MedTherapy Biotechnology Inc.
NSE SME Ashutosh Fibre weaves a strong debut
Ashutosh Fibre traded at Rs 147 on the NSE, a 59.78% premium to the issue price of Rs 92.
NSE SME Shanti Inorganics turns up the heat with a premium listing
Shanti Inorganics traded at Rs 159.50 on the NSE, a 92.17% premium to the issue price of Rs 83.
Infosys, HCLTech, TCS, other IT stocks drop up to 3% as Fed rate hike worries return. Here's why
Indian IT stocks dropped on Monday as stronger-than-expected US jobs data revived concerns over a September Federal Reserve rate hike. The Nifty IT index dropped over 2%, with Infosys, HCLTech, TCS and others declining. Analysts, however, see longer-term opportunities from AI-led spending on deployment, integration and modernisation.
Odyssey Elevators Opens New Corporate Headquarters & Experience Centre in Chennai
Chennai (Tamil Nadu) [India], September 7: Odyssey Elevators has inaugurated its new Corporate Headquarters and Elevator Experience Centre in Thiruvanmiyur, Chennai, marking an important milestone in the company's rapid expansion and its preparations for the next phase of growth.
Mint explainer: how CCPA moved from misleading ads to dark patterns, e-commerce and services
The CCPAs enforcement has expanded from misleading ads and unsafe products to e-commerce, dark patterns and services. What is driving the shiftand what does it mean for consumers?
Did HEG shares really crash 64% in one day? Heres how the demerger math works
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the companys demerger, which split its businesses into two separately listed entities. The graphite electrodes business will move to HEG Graphite, while the existing listed company will retain advanced materials, battery energy solutions and green power businesses and be renamed HEG Advanced Materials.
IFCI shares rally 6%, turn multibagger as NSE IPO gets SEBI nod. More upside ahead?
IFCI shares rallied 6% after Sebi approved NSEs much-awaited IPO, clearing a key hurdle for the exchanges listing. IFCI has indirect exposure to NSE through its majority stake in Stock Holding Corporation of India. The stock has surged over 500% in three years, with analysts seeing further upside.
Wires on fire: Why UltraTechs Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days
UltraTechs entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth, but caution that elevated valuations leave incumbents vulnerable.
Axis Direct initiates coverage on Pricol with Buy rating. Check target price
Pricol shares gained after Axis Direct initiated coverage with a Buy rating and a Rs 935 target price, implying around 21% upside. The brokerage expects strong growth through FY29, driven by rising demand for digital instrument clusters, plastics expansion, EV content and global auto orders, while the proposed demerger could unlock additional shareholder value.
BSE shares surge 10% in just 3 sessions. Whats driving the rally?
BSE shares extended their winning streak as Sebi announced a review of the methodology used to determine derivative settlement prices following concerns over the new Closing Auction Session. Trading volumes and option activity have declined sharply, particularly at BSE. A consultation paper expected next week could propose changes aimed at reducing expiry-day volatility and improving risk management.
Global Fintech Fest: How Adyen powers payments for global ambition and expansion
The payments ecosystem in India is moving beyond just digitisation, and towards infrastructure that can operate seamlessly across borders, and connected ecosystems. Adyen, a global fintech company with presence in India is positioned to achieve exactly that for Indian merchants who have the ambition to go global and global enterprises expanding in India.
Axiscades Tech rises as board clears Rs 200-cr NCD issue
Axiscades Technologies gained 2.61% to Rs 1,756.45 after the company announced that its board approved raising up to Rs 200 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.
The Indian rupee stayed near a two-month high in opening trades on Monday but gains were limited as the support from strong FCNR-related dollar inflows was negated by elevated crude oil prices amid persistent global headwinds. Rupee continues to draw strength from the robust liquidity wave, but renewed military strikes have driven Brent crude toward USD 97 per barrel, reigniting fears over Middle Eastern energy supply disruptions. DXY is also holding above 99 mark. At the interbank foreign exchange market, the rupee opened at 94.40 against the US dollar, then touched 94.38, registering a gain of 4 paise from its previous close. Indian shares were subdued in early trade on Monday after the U.S. and Iran exchanged attacks in the Strait of Hormuz, reviving concerns about disruption to Middle East supplies. Rising bond yields also kept investors on edge as a robust U.S. jobs report raised the probability that the Federal Reserve will increase its key interest rate at its upcoming policy .
Nomura raises target price of stock thats up over 150% in 2025; stock soars another 6%
Shares of Avalon Technologies rose sharply on Monday after Nomura raised its target price to Rs 2,767 from Rs 2,211 while retaining a Buy rating. The brokerage said Avalons joint venture with Zollner Electronic will expand its capabilities, add global customers and support entry into healthcare, test and measurement, and European markets.
Revival of cinema in small towns driven by high-profile films and sleeper hits
High-profile films and sleeper hits are boosting cinema in small towns, with earnings expected to rise by 15-20% this year compared to 2025, driven by successes like Hanuman Ansh and Mirzapur-The Movie, reflecting a revived audience interest post-pandemic.
HFCL shares jump 5% as FY26 order book surges 113% to Rs 21,206 crore
HFCL shares gained nearly 5% after the companys FY26 Annual Report highlighted a 113% year-on-year surge in its order book to Rs 21,206 crore. Strong growth in revenue, EBITDA and profit, along with a fresh Rs 2,329 crore export order, further strengthened the companys growth outlook.
VA Tech Wabag shares jump 3% after securing repeat order from RIL for ETP project
VA Tech Wabag shares rose nearly 3% after securing a medium-sized repeat order from Reliance Industries to design and commission an advanced Effluent Treatment Plant at Jamnagars Dhirubhai Ambani Green Energy Giga Complex. The project will use advanced chemical, biological and sludge treatment technologies and is scheduled for completion within 13 months.
GST reforms rewrote the auto stock map: Who won, who lost and where can investors still make money?
The recent GST reforms have significantly impacted the automotive stock market following a rate cut announcement. Notably, Sona BLW Precision Forgings and Samvardhana Motherson International registered impressive growth. Meanwhile, Bajaj Auto, TVS Motor, and Ashok Leyland saw positive movement ahead of their earnings reports. On the downside, stocks like Mahindra & Mahindra and Maruti Suzuki India lagged. Future prospects appear promising, driven by advancements in electric vehicles and fleet modernization.
BSE SME Phychem Technologies makes a buoyant market debut
Phychem Technologies traded at Rs 56.90 on the BSE, a 5.37% premium to the issue price of Rs 54.
PVR Inox shares fell after reports that the company asked senior executive Pramod Arora and others to leave in April following an internal probe into alleged kickbacks of up to 200 crore from cinema property developers. The investigation reportedly found irregularities and sought to determine the extent of the alleged wrongdoing.
IPO pile-up swells to 4.67 lakh crore: Will money move from Sensex, Nifty to primary markets?
India's primary market is gearing up for a significant evolution, marked by a thriving IPO pipeline. With a stunning 4.67 lakh crore poised from both approved and submitted IPOs, companies are eager to connect with investors. As capital reallocates towards quality and reasonable valuations, the success of key IPOs is set to sway overall market sentiment.
Texmaco Rail & Engineering rallies on Rs 131-crore order win
Texmaco Rail & Engineering rose 5.07% to Rs 121.87 after the company announced orders worth a combined Rs 131.36 crore.
Temasek emerges as sole contender for $100 million Blue Tokai stake
Temasek has emerged as the sole contender for a $100 million stake in Blue Tokai, as investors step up bets on Indias fast-growing premium caf and specialty coffee market.
India to modify Su-30 fighter jets to integrate them with RVV BD air-to-air missiles
The Defence Ministry is considering integrating Russian RVV BD missiles with Su-30 MKI aircraft. These advanced missiles can engage targets at long distances with high speed. This capability boost comes ahead of Russian President Vladimir Putin's visit to India. The Defence Acquisition Council will review this significant proposal today. India is also pursuing indigenous and foreign air-to-air missile upgrades.
ESDS Software extends post-IPO rally, hits 20% upper circuit. Choice Equities sees more upside
ESDS Software Share Price: ESDS Software Solution shares extended their post-listing rally, hitting the upper circuit after a strong IPO debut. The stock has surged sharply above its Rs 429 issue price, while Choice Institutional Equities has initiated coverage with a Buy rating and a Rs 1,550 target, citing strong AI infrastructure and cloud growth prospects.
Pixxel raises $100 million co-led by Singapores Temasek and UK-based Seraphim
Pixxel has raised $100 million in its Series C, its largest funding round yet, as the Indian space-tech startup expands from hyperspectral satellites into Earth intelligence and sovereign space systems.
Satya Niketan building collapse: Locals allege 'illegal construction'
In charts: How Apple's business grew in India under Tim Cook
Apple's push into India was one of the few major bets that took shape entirely under Tim Cook. Now his successor must keep it going.
Beyond the silver screen: New music labels arrive to capitalize on Indias independent audio boom
As per estimates by IMI-EY, the country had 14 million paid subscriptions in 2025, up 37% over 2024, and is expected to grow to 28-30 million by 2028 with the focus turning to stronger monetisation initiatives
Nifty trade below 23,850 in early trade; breadth positive
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 181.40 points or 0.26% to 76,312.74. The Nifty 50 index lost 61.55 points or 0.26% to 23,836.15.
Prime Focus gains as board clears Rs 3,000-cr fundraising plan
Prime Focus advanced 1.23% to Rs 308.55 after the company announced that its board approved a proposal to raise funds of up to Rs 3,000 crore through various permissible modes.
NINtec Systems Ltd Falls 4.05%, BSE Information Technology index Drops 1.38%
NINtec Systems Ltd has lost 6.24% over last one month compared to 4.32% fall in BSE Information Technology index and 2.62% drop in the SENSEX
Sterlite Technologies Ltd Spurts 5%, BSE Telecommunication index Gains 1.29%
Sterlite Technologies Ltd has added 23.31% over last one month compared to 3.64% gain in BSE Telecommunication index and 2.62% drop in the SENSEX
Va Tech Wabag secures effluent treatment plant project from RIL
The proposed ETP scheduled to be completed in 13 months will be designed comprising chemical and biological treatment using the state-of the art technologies, along with a sludge treatment incorporating low-temperature drying for efficient sludge management.
Brightcom Group included in FTSE Global Equity Index Series Micro Cap Index
Brightcom Group has been confirmed for inclusion in the FTSE Global Equity Index Series (FTSE GEIS) Micro Cap Index, including the FTSE Asia Pacific ex Japan ex China Micro Cap Index.
Buying the smallcap rally? Bear markets biggest losers crash further in 2026 after falling up to 80%
In 2026, the performance of smallcap stocks presents a contrasting picture, with half of the top 25 performers bouncing back from significant losses last year. Kabra Extrusiontechnik stands out with a remarkable 150% increase following a previous 59% drop. Conversely, Parsvnath Developers has suffered an additional 85% decline, emphasizing how essential fundamentals are over mere price fluctuations.
Steamhouse IPO sets price band at Rs 7781; Rs 414 crore issue to open on September 9
The SteamHouse India IPO will open for subscription on September 9 and close on September 11, targeting Rs 414 crore through a fresh issue and an offer for sale. The IPO set a price band of Rs 7781 per share, requiring investors to bid for a minimum of 185 shares.
Pranav Constructions IPO opens with GMP signalling 36% upside. Should you subscribe?
Pranav Constructions IPO GMP: Pranav Constructions IPO opens today, September 7. The Rs 351.03 crore issue is attracting strong investor interest; its grey market premium (GMP) stands at Rs 44, indicating a 36% premium over the upper price band of Rs 124. The Mumbai-based real estate developer also raised Rs 84.24 crore from anchor investors before the issue opened.
Exclusive | How Vijay Kedia turned a Rs 250 Neuland Labs bet into nearly 100x returns
Investor Vijay Kedia's savvy investment in Neuland Laboratories has paid off handsomely, yielding nearly 100x returns. He seized the opportunity during the Covid downturn when stock prices dipped. By concentrating on the companys promising peptide sector and its CDMO capabilities, Kedia emphasized his tactic of investing in overlooked firms with solid fundamentals, which has ultimately fostered substantial wealth growth over the years.
Indian stock markets experienced a decline on Monday as rising oil costs and geopolitical unrest took their toll. The technology sector saw the steepest losses, while overall market activity reflected a varied response. Analysts cite ongoing risks from Middle East conflicts, alongside a robust pipeline of upcoming IPOs expected to influence market liquidity significantly this September. Moreover, concerns over potential US interest rate increases are further complicating the economic landscape.
Pixxel raises $100 mn in Series C, India's largest spacetech fundraise
The funding takes Pixxel's total capital raised to $195 million and will support new satellite capabilities, Earth intelligence Software, sovereign systems and manufacturing expansion
India auto retail sales rise 17.5% in August: FADA
Dealers sold a total of 2.4 million vehicles during the month, compared with 2.6 million units in July
HUL Share Price Live Updates: HUL's Price Movement Today
GIFT Nifty signals cautious start as oil prices, Fed bets weigh on sentiment
GIFT Nifty:
Stock Alert: Tata Motors, Mazagon Dock, Brigade Ent, RVNL, Cohance Life
Shares of Inox Wind, Kaynes Technology, LIC Housing Finance and SAIL barred from fresh F&O positions on 7 September 2026.
Molbio Diagnostics reports consolidated net profit of Rs 58.75 crore in the June 2026 quarter
Sales rise 309.57% to Rs 408.38 crore
ICICI Bank shares in focus as LIC gets RBI nod to acquire 9.99% stake in private lender
ICICI Bank shares will be in focus after RBI approved LIC to acquire up to 9.99% in the lender within one year. LIC already holds over 4%. Despite recent weakness, ICICI Bank has gained 6% in 2026, with strong long-term returns. Major brokerages remain bullish on the stock.
Hindustan Unilevers Capital Markets Day outlined a strategy focused on consumption-led growth, premiumisation, market-making and new growth spaces. Goldman Sachs, Nuvama and Nomura retained Buy ratings, with target prices ranging from Rs 2,450 to Rs 2,820. HUL has raised medium-term margin guidance to 22-24%, while higher capex and underpenetrated categories are expected to support growth.
SBI Share Price Live Updates: SBI Struggles Below Support Level
Hero MotoCorp Share Price Live Updates: Hero MotoCorp Exceeds 100-Day EMA Mark
Jio Financial Services Share Price Live Updates: Jio Financial Services Stock Details
Tata Motors PV Share Price Live Updates: Tata Motors PV's Current Price and Market Performance
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Stock Update
Apana Logistics IPO opens today: Check GMP, price band, lot size and key details
Apana Logistics IPO opens for subscription on September 7, with the Rs 34.14 crore fixed-price issue priced at Rs 60 per share. The IPO has a lot size of 2,000 shares, while the grey market premium stands at Rs 3, indicating a potential listing price of Rs 63. The company plans to use the proceeds primarily to purchase reach stackers.
RIL Share Price Live Updates: RIL's Price Movement Signals Caution
Apollo Hospital Share Price Live Updates: Apollo Hospital Stock Details
UPL Share Price Live Updates: UPL's Price Movement Below EMA
Nestle India Share Price Live Updates: Nestle India Stock Details
Tata Motors has launched a voluntary tender offer to acquire all common shares of Iveco Group for 14.1 per share in cash, valuing the Italian commercial vehicle maker at about 3.82 billion. Backed by Ivecos largest shareholder, Exor, the deal aims to take Tata Motors commercial vehicle business global and could lead to Ivecos delisting from Euronext Milan.
Indraprastha Gas among 5 stocks showing RSI Trending Up
On September 4, five stocks in the Nifty500 pack were highlighted in the RSI Trending Up scan, based on data from StockEdge. An uptrend signal occurs when the RSI value crosses above 50 from below, indicating strengthening momentum in the stock's price and potential upward movement.
Power Grid Share Price Live Updates: Power Grid faces a setback with negative returns
Fujiyama Power Systems' board OKs to invest Rs 5-cr in Zayo Energy
Fujiyama Power Systems announced that its board has entered into a compulsorily convertible debenture (CCD) subscription agreement with its associate company, Zayo Energy (ZEPL), aggregating to Rs 5 crore.
UltraTech Cem Share Price Live Updates: Volatility insights for UltraTech Cement
ICICI Bank Share Price Live Updates: ICICI Bank's volatility measured by its beta
Nifty Outlook: Analysts pick key levels and stocks to watch
Nifty has experienced a decline for four straight weeks, breaking through the crucial 24,000 support level. Experts recommend adopting a market-neutral approach to capitalize on expected volatility. Among the stocks to watch are APL Apollo Tubes and One 97 Communications, which may offer promising returns. The Bank Nifty indicates upward trends, encouraging investors to buy on dips around 56,400. Additionally, Hindustan Oil Exploration Company and Engineers India present attractive opportunities.
Grasim Inds Share Price Live Updates: Grasim Industries' three-month returns impress investors
Three SME IPOs to list today: Ashutosh Fibre, Shanti Inorganics see GMPs above 60%
Investor interest is particularly strong in the two NSE SME issues, with Ashutosh Fibre and Shanti Inorganics commanding healthy grey market premiums (GMPs) ahead of their listings.
Purple Style Labs shares to list today; Check GMP ahead of debut
The Rs 680-crore IPO, which opened for subscription on August 31 and closed on September 2, was subscribed 1.29 times overall. Retail investors led the demand, with their portion subscribed 1.57 times, followed by qualified institutional buyers (QIBs), whose quota was subscribed 1.44 times. The non-institutional investor (NII) category was subscribed 84%.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty500 pack, five stocks' closing prices crossed above their 200-day moving averages (DMA) on September 4, 2026, according to StockEdge's technical scan data. The 200-day moving average (DMA) is used by traders as a key indicator for determining the overall trend of a stock. As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend.
CAS effect: Pre-open session rules to change from today. What changes for investors?
Stock Market Rules changes : The change is important for traders who usually place orders closer to the end of the pre-open session. Under the new system, they will no longer be able to put in market orders after 9:05 am and will have to specify a price through a limit order.
While Nike will still remain in the broader S&P 500, its removal from the top 100 has sparked a major conversation about the brand's recent struggles.
Driven by proactive deal wins, legacy modernization, and strategic M&A, CEO Sudhir Singh expects organic growth to keep top-line expansion on track despite industry price wars and governance pushback.
Can Prasol Chemicals IPO deliver long-term growth for high-risk investors?
Prasol Chemicals plans an IPO to raise funds for debt repayment and expansion. The company's revenue and profits have shown significant growth in recent years. Its product portfolio includes acetone and phosphorus-based specialty chemicals for various industries. Capacity utilization at one plant improved, though it remains relatively low. Investors with a high-risk appetite may consider applying for this offering.
NSE grey market premium soars on Sebi's IPO approval
The National Stock Exchange's IPO has gained the necessary regulatory approval, leading to an increase in grey market premiums. Investors are now looking at a potential price hike for shares before they officially list. Brokers foresee the IPO launch by late September, with unlisted NSE shares trading at about
Demat account additions hit 7-month high in August as IPO boom draws investors
August witnessed a surge in new demat accounts, reaching a seven-month peak due to strong initial public offering activity that spurred many newcomers to the markets. Collectively, NSDL and CDSL welcomed around 3.27 million new accounts, even as benchmark stock indices faced a minor dip. Analysts are optimistic about continued growth, especially with major upcoming IPOs from Jio and NSE on the horizon.
Inside Rashesh Shahs plan to incubate and scale Edelweiss businesses
As proof of the groups track record in incubating and then offloading investments, Shah cited the case of Nuvama Wealth Management, a company that got listed in 2023, where Edelweiss shareholders received 30% of the shares.
Stocks in news: Tata Motors, RVNL, Eicher Motors, Mazagon Dock and Lupin
Indian equity markets experienced volatility, with the Nifty 50 extending its losing streak for four weeks. Escalating US-Iran hostilities pushed crude oil prices higher, impacting overall market sentiment. Several companies, including Tata Motors and Rail Vikas Nigam, are expected to be active on Monday. Mazagon Dock Shipbuilders and Eicher Motors also reported significant corporate developments. Lupin received US FDA approval, while JSW Steel saw production increases in August.
IPO rush continues: 16 companies to raise over Rs 7,190 crore this week
India's primary market is gearing up for an exciting week, with 16 companies ready to launch their IPOs. Aiming to gather over 7,000 crore rupees, this includes 12 mainboard and 4 SME offerings. Following a strong August performance, confidence remains high within the IPO sector, with businesses eager to harness the prevailing positive momentum.
Amara Raja joins Indian groups monetizing family-owned brands
Amara Raja Energy & Mobility Ltd paid 6.76 crore in royalty to Amara Raja Enterprises Pvt. Ltd in the year ended March 2026, according to filings reviewed. The payment was equivalent to 0.05% of the companys 13,814 crore revenue and 0.8% of its 896 crore net profit during that period.
Pre-market action: Here's the trade setup for today's session
The Indian equity market ended the week on a positive note, with the Nifty increasing by 0.1 percent on Friday. Factors such as global market trends and easing fears of US interest rate hikes lent support to this rise. The India VIX, often seen as a fear gauge, declined by 5.8 percent, signaling lower market worries.
NSE IPO set to deliver massive gains to state-run insurance firms
General Insurance Corp, National Insurance, New India, Oriental Insurance and United India were among the earliest investors in the exchange, which opened in 1994 and is India's biggest by trading volume. The proposed IPO, expected later this month, is entirely an offer for sale of up to 148.91 million shares, which would mean that NSE itself will not receive proceeds from the issue.
An email throws up fresh questions on Tata Sons' clean chit to top exec
A previously unreported email detailing Tata Sons group company secretary Suprakash Mukhopadhyay's role in soliciting an investment for his familys wealth-advisory business raises questions over whether the internal probe that cleared him before was thorough enough and examined all relevant details
How local private credit funds pulled ahead of foreign rivals in the mid-market
Domestic funds accounted for about 74% of private-credit deal value and 79% of deal volume in the first half of 2026, according to EY data. The share of global funds plunged to 26% from last year's 68%.
Amazon Cargo Plane Overshoots Runway at Miami Airport
An Amazon.com Inc. cargo plane overran a runway at Miami International Airport on Sunday, shutting down the airports runways and taxiways and prompting an emergency response.
AIFs seek status quo as 'foreign control' rules go for a recast
Local alternative investment funds have warned regulators about proposed changes. These changes could significantly impact capital inflows into India's economy. The draft rules aim to curb indirect foreign ownership in sensitive sectors. Industry officials requested the status quo on existing regulatory definitions. This move seeks to maintain India's attractiveness for foreign investment.
