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Board of Asian Paints approves change in directorate
At meeting held on 07 September 2026
Muthoot FinCorp rolls out Rs 700 crore NCD issue. Here's what investors need to know
Muthoot FinCorp has launched the fifth tranche of its secured, rated and redeemable NCDs, offering effective annual yields of 8.89% to 9.25% across four tenures ranging from 24 to 72 months. The company aims to raise up to Rs 700 crore, with proceeds earmarked for onward lending, repayment or prepayment of existing borrowings and general corporate purposes.
Smallcap 500 index hits 52-week high; Syrma, Strides, Avalon soar up to 12%
A total of 36 stocks from the Nifty Smallcap 500 index gained between 5-9%, another 38 stocks rose 4% each, 35 added 3% each and 38 stocks were up 2 per cent each in Monday's intra-day trade.
Upstox launches US stocks investing, offers access to 8,000 stocks, 2,000 ETFs
The offering includes stocks of major global companies such as Apple, Tesla, Amazon and Google
Chinas AI capex jumps 105% YoY, but Jefferies says US cloud giants face greater risks
Chinese tech giants sharply increased AI capital expenditure in Q2 2026, driven by inference demand and chip availability. However, Jefferies sees greater sustainability risks in US cloud spending, highlighting rising capex relative to revenue and the challenge of monetising AI infrastructure investments.
V2 Retail shares rise 4% as Motilal Oswal sees SSSG driving earnings
Motilal Oswal Financial Services has initiated coverage on V2 Retail with a Buy rating and assigned a target price of 275, implying an upside of 27 per cent from the previous close of 216.50.
Online wills are cheaper and easier. But can a 499 will protect a 5 crore estate?
Online platforms can help create a will for as little as 499, while assisted services can cost 30,000 or more. But the question is not just how much you pay to make a willit is whether you have disclosed every relevant asset, established ownership correctly and planned for potential disputes.
Health insurance or emergency fund first? Expert explains why you need both and how much to keep Why savings alone may not protect you from rising medical costs, job loss and unexpected expenses.
Global Market: Deutsche Bank sees ECB rates rising to 2.75% as energy risks persist
Deutsche Bank has raised its peak ECB interest rate projection to 2.75%, forecasting additional 25 basis point hikes in September and December. Persistent energy risks and geopolitical tensions are driving the shift, as economic resilience and elevated inflation keep borrowing costs in the euro zone higher for longer.
Zee Entertainment Enterprises Ltd leads losers in 'A' group
PVR Inox Ltd, Garware Hi Tech Films Ltd, Manappuram Finance Ltd and Welspun Enterprises Ltd are among the other losers in the BSE's 'A' group today, 07 September 2026.
Shankesh Jewellers edges higher after Crisil Ratings revises rating outlook to 'positive'
Shankesh Jewellers (SJL) advanced 4.04% to Rs 103 after Crisil Ratings revised its outlook on the long-term bank facilities to 'positive' from 'stable' while reaffirming the rating at 'Crisil BBB'.
Euro currency speculators further reduce net short position
Large currency speculators further reduced net short in the Euro futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 24925 contracts in the data reported through September 01, 2026. This was a weekly reduction of 11427 net positions.
SME IPOs raise 1,220 cr in Aug 2026: Poojaa Precision, Technocrats Plasma top gainers
Investor appetite for SME offerings remained firm in August, even as companies accelerated fundraising ahead of tighter entry conditions and deadlines
Chinas planned $53.6 billion recapitalisation of state-owned insurers and banks could ease solvency pressures and strengthen insurers capacity to invest in equities. The move is expected to support balance sheets and potentially boost long-term stock investments, although investors remain cautious about dilution risks and the immediate impact on capital flows.
Fairfax to exit IIFL Finance before likely IDBI Bank deal
Fairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The Canadian firm is in talks with private equity firms for this potential sale. This transaction is part of a larger strategy for the Indian banking sector. The company aims to consolidate its Indian lending investments after the acquisition.
From 110 kmph hydrogen runs to 200 sleeper rakes: A blueprint for Indian Railways next-gen fleet
Unlike conventional electric trains that draw power from overhead lines, the Hydrogen Fuel Cell Trainset generates electricity on board through a chemical reaction between hydrogen and oxygen, with water vapour and heat as its only by-product.
8th Pay Commission Chennai visit starts today: 5 key updates for central employees and pensioners
8th Pay Commission's Chennai consultation began on September 7 2026, covering fitment factor, salary, and pension reforms. No official fitment factor confirmed yet. Next stops: Puducherry (September 9), Chandigarh (September 16-18), Bengaluru (October 7-8).
Nifty trades below 23,800 level; realty share decline
At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 395.60 points or 0.52% to 76,119.83. The Nifty 50 index lost 114.50 points or 0.48% to 23,783.20.
Sai Capital Ltd leads losers in 'B' group
Shri Krishna Devcon Ltd, Bharat Global Developers Ltd, ICDS Ltd and Kanco Tea & Industries Ltd are among the other losers in the BSE's 'B' group today, 07 September 2026.
The Supreme Court protected the pension and retiral benefits of a municipal engineer whose ST certificate was invalidated after more than three decades of service. The court used Article 142 to grant limited relief while making clear that his ST status was not restored or validated.
Do you really need a credit card advisor? Heres when the fee may be worth it
Credit card advisors promise to maximize rewards, but fees can range from 399 to 1.5 lakh. When does the extra value justify the costand when are you better off doing it yourself?
Rake loading to power sector rises to 444 rakes on September 6, up 20% in four days
The dispatch trajectory recorded consecutive daily gains through the opening week of the month
Nifty IT tumbles 3% as Fed rate hike bets rise; Infosys leads losses
In the IT basket, stocks registered declines in the range of 2-4 per cent. Infosys emerged as the biggest loser with a 3.8 per cent fall.
Global Market: European stocks subdued as oil surge fuels inflation, ECB rate hike bets
European shares were subdued on Monday as rising oil prices sparked by US-Iran tensions renewed inflation fears. Investors are closely monitoring the European Central Bank's upcoming interest rate decision, while a sharp decline in Novartis stock and German political uncertainty following regional elections further weighed on overall market sentiment.
India's automobile retail sales hit record August high
PVs recorded their best-ever August at 4,02,398 units, crossing 4 lakh for the first time, with rural sales growing 24.99% against 10.93% in urban markets. Alternative fuels accounted for 41.95% of PV sales, led by CNG at 25.28%, hybrids at 9.04% and EVs at 7.63%, surpassing petrol/ethanol at 40.85%. PV inventory rose to around 38-40 days.
SRK, Madhuri Dixit-backed Purple Style Labs makes weak D-Street debut. Should you buy?
Purple Style Labs commenced trading on Monday at a discount, despite its initial public offering being fully subscribed. The acquisition of Pernia's Pop-Up Shop in 2018 played a role in the considerable revenue growth from FY20 to FY24. Nevertheless, analysts caution investors regarding the expanding losses and the company's currently high valuation.
Indias Rs 1 lakh crore digital-media boom: Two stocks ICICI Securities is betting on
Indias digital media market crossed Rs 1 lakh crore in CY25 and is projected to grow rapidly through CY28, while television revenue declines. ICICI Securities has initiated coverage on Amagi Media Labs and Prime Focus with Buy ratings, citing opportunities from cloud adoption, digital advertising, VFX spending and evolving content consumption.
18 SME stocks at new highs; BSE SME IPO up 57% since Apr, nears record high
Millworks Tech, Technocrafts Plasma, Admach Sys, Airflo Rail, Exato Tech, Susan Electricals and Tipco Engineering among 18 BSE SME IPO index stocks trading at record high levels.
India bonds muted after tepid response for RBI's cash-drain operation
Indian government bonds hit a pause on Monday following a technical setback that disrupted cash withdrawal capabilities. To counteract a liquidity overflow that surged to a historic 10.73 trillion rupees last Friday, the central bank declared an overnight auction. Traders are now on edge, fearing that tighter measures may be imposed to handle the liquidity, especially with increasing oil prices and rate speculation keeping market sentiment tepid.
Indices hit fresh intraday low; European markets open with losses
The benchmark indices extended losses and hit fresh intraday low in afternoon trade as a stronger-than-expected US jobs report heightened concerns over a potential Federal Reserve rate hike. Sentiment was further weighed down by elevated crude oil prices and escalating tensions in the Middle East. The Nifty traded tad above the 23,750 level.
Tata Consultancy Services Ltd extends losing streak
Tata Consultancy Services Ltd is quoting at Rs 2268.8, down 1.53% on the day as on 13:19 IST on the NSE. The stock tumbled 24.85% in last one year as compared to a 4.11% slide in NIFTY and a 12.87% fall in the Nifty IT index.
Shriram Finance Ltd stays slippery
Shriram Finance Ltd is quoting at Rs 1036.5, down 0.43% on the day as on 13:19 IST on the NSE. The stock jumped 73.69% in last one year as compared to a 4.11% slide in NIFTY and a 0.06% fall in the Nifty Financial Services index.
Bharat Forge Ltd drops for fifth straight session
Bharat Forge Ltd is quoting at Rs 1939.1, down 0.86% on the day as on 13:19 IST on the NSE. The stock jumped 61.22% in last one year as compared to a 4.11% slide in NIFTY and a 2.01% spurt in the Nifty Auto index.
AU Small Finance Bank Ltd eases for fifth straight session
AU Small Finance Bank Ltd is quoting at Rs 1057, down 0.75% on the day as on 13:19 IST on the NSE. The stock jumped 51.05% in last one year as compared to a 4.11% slide in NIFTY and a 5.29% spurt in the Nifty Bank index.
Brightcom gets a fresh lift from FTSE Micro Cap inclusion
Brightcom Group surged 6.57% to Rs 9.57 on Monday after the company announced its re-inclusion in the FTSE Global Equity Index Series (FTSE GEIS) Micro Cap Index.
Mangalam Worldwide empaneled as approved vendor with Abu Dhabi National Oil Company
Mangalam Worldwide (MWL), a fully integrated stainless steel manufacturer, announced its empanelment as an approved vendor with Abu Dhabi National Oil Company (ADNOC). MWL-Tubicore is now among the selected global companies eligible to provide tubes to ADNOC.
Asston Pharmaceuticals allots 24.10 lakh equity shares
India in multi quarter growth upcycle, says Morgan Stanley; sees Sensex at 89,000 by June 2027
Morgan Stanley sees India entering a multi-quarter growth upcycle, supported by improving investments, monetary policy and domestic demand. The brokerage expects the Sensex to reach 89,000 by June 2027 in its base case, while assigning 25% probabilities to a bull-case target of 100,000 and a bear-case target of 66,000.
Edelweiss Mid Cap, Invesco India Midcap among 9 midcap funds with consistent performance in 5 years
Nine midcap funds stood out for their high performance consistency over the past five years, based on the CRISP Mutual Fund Scorecard for the quarter ended June 2026 by Share.Market by PhonePe. The funds were assessed on performance consistency, risk versus peers, investment style, five-year CAGR and AUM.
VA TECH WABAG secures order from RIL for effluent treatment plant at Jamnagar
VA TECH WABAG said that it has secured a 'medium' order from the Reliance Industries (RIL) for a an effluent treatment plant, at Dhirubhai Ambani Green Energy Giga Complex (DAGEGC), Jamnagar.
Emkay Global Financial Services raises Rs 50 cr via NCD issuance
12 IPOs this week: Pranav Constructions, Rentomojo lead grey market race
Among the IPOs this week, Pranav Construction currently has the highest GMP at 35.48 per cent, making it the strongest performer on the unofficial grey market. The issue opened on September 7.
The IPO comprises a fresh issue of equity shares worth up to 80 crore and an offer for sale of shares worth up to 420 crore by selling shareholders
PVR Inox takes a hit as kickback allegations put stock under spotlight
PVR Inox fell 5.31% to Rs 1,161.90 on Monday after a media report alleged irregularities at the company.
Gland Pharma Ltd gains for third straight session
Gland Pharma Ltd is quoting at Rs 2974.6, up 1.44% on the day as on 12:49 IST on the NSE. The stock is up 58.38% in last one year as compared to a 4.12% jump in NIFTY and a 21.48% jump in the Nifty Pharma index.
Jindal Stainless signs technical assistance agreement with Japan's JFE Steel
Jindal Stainless said that the company has entered into a technical assistance agreement with JFE Steel Corporation, Japan, to strengthen its manufacturing capabilities for selected ferritic stainless steel grades.
ESDS Software Solution Ltd leads gainers in 'B' group
Xtranet Technologies Ltd, RIR Power Electronics Ltd, Manoj Vaibhav Gems N Jewellers Ltd and Texmo Pipes & Products Ltd are among the other gainers in the BSE's 'B' group today, 07 September 2026.
Shakti Pumps invests Rs 11 cr in WoS - Shakti Energy Solutions
To establish greenfield solar DCR cell and solar PV manufacturing plant at Pithampur, Madhya Pradesh
Only four mid-cap funds delivered over 17% annualised three-year SIP returns, with HSBC Midcap Fund topping the list at 20.70%. Value Research data shows that several of the categorys largest funds by AUM delivered lower returns, highlighting the wide performance gap.
Why are HEG Ltd shares showing a fall of 63% in Monday's trade?
As per the demerger scheme, HEG Ltd shareholders will receive one share (2 face value) of the resulting company for every one equity share of face value 2 held in HEG as on the record date.
Oracle earnings: AI growth, OpenAI deal and $20 billion funding plan
Oracle's upcoming earnings will put its AI cloud growth, massive $638 billion backlog and funding requirements under the spotlight. Investors will track the pace of revenue conversion, capital spending, free cash flow and developments around its reported $300 billion OpenAI cloud deal, alongside the potential $20 billion equity raise.
RBL Bank Ltd spurts 0.59%, gains for fifth straight session
RBL Bank Ltd is quoting at Rs 416.8, up 0.59% on the day as on 12:44 IST on the NSE. The stock is up 52.67% in last one year as compared to a 4.1% slide in NIFTY and a 5.3% slide in the Nifty Private Bank.
Board of Sudarshan approves acquisition of 9.50% stake in MedTherapy Biotechnology Inc.
The board of Sudarshan Pharma Industries at their meeting held on 5 September 2026, inter-alia, approved to acquire 24,23,675.64 equity shares of common stock, par value US$0.0001 per share of MedTherapy Biotechnology Inc., a corporation incorporated under the laws of the State of Delaware, equivalent to 9.50% of the issued and outstanding share capital of the Company.
Motilal Oswal sees 27% upside in this retail stock; should you buy?
Motilal Oswal initiated coverage on V2 Retail with a Buy rating and a 275 target, implying around 27% upside. The brokerage is bullish on the retailers tier-II/III focus, strong store economics, high private-label mix and disciplined inventory management, which it believes offer significant room for growth.
Morepen Labs rises 7% to 52-week high; what moved this multibagger stock?
The gains in Morepen Labs come on the back of a positive business development announced by the company today involving the first phase of its manufacturing capacity expansion program.
Market trade in negative terrain; PSU Bank shares decline
PSU Bank shares witnessed selling pressure for second consecutive trading session.
Euro hovers just above $1.1610; German industrial production down 1.1% in July
The Euro is holding steady against the US Dollar (USD) on Monday, hovering just above 1.1610 after having jumped above 1.1640 levels last week. Data from Germany showed industrial production fell 1.1% in July, against market expectations of a 0.3% increase, while June's reading was revised down to 0% from the 0.2% rise previously estimated. Meanwhile, elevated oil prices amid ongoing tensions in Middle East are keeping DXY supported and putting pressure on euro. The dollar index is seen supported above 99 mark amid safe haven demand and boost from the US Nonfarm Payrolls (NFP) figures on Friday, which showed a 162K increase in net employment in August. Meanwhile, in the US, markets will be closed on Monday amid the Labor Day bank holiday. In the Eurozone, the European Central Banks (ECB) monetary policy decision due on Thursday.
Balance investment portfolio: Check why equity allocation should reflect financial goals
Investors questioning their equity exposure should look past current market conditions and focus entirely on their specific financial objectives and timelines.
Global Markets: 5 things investors need to watch this week
Bond yields have climbed from Tokyo and Sydney to London and New York, raising concerns over government financing costs, corporate borrowing and stretched equity valuations
Funding skew deepens in microfinance
Large microfinance companies received 98.1% of sector funding in Q1. This funding concentration reflects financiers playing safer during uncertain economic cycles. Smaller institutions face tighter liquidity and higher borrowing costs, impacting recovery pace. Banks contributed 80.4% of the Rs 21,407 crore debt funding received. NBFC-MFIs remain the largest micro-credit provider with a 44.3% market share.
Global Market | South Koreas NPS suspends FX hedging as won hits near two-year high: Reports
South Koreas National Pension Service has suspended foreign exchange hedging as the won strengthened to a near two-year high against the dollar. The move could affect dollar supply and demand in the domestic market, with the pension funds large overseas holdings making its currency transactions significant for South Koreas foreign exchange market.
Indias oil and gas sector to remain under pressure as crude, LNG costs rise
Equirus said oil marketing companies face worsening petrol margins and deeply negative diesel margins, while integrated margins have moderated
Kalind secures work order worth Rs 50 cr in Ghana
To provide heavy earthmoving and mining equipment and related services
Texmaco Rail & Engineering secures orders worth Rs 131.36 cr
The second order valued at Rs 106.88 crore is from Touax Texmaco Railcar Leasing for manufacture and supply of 4 rakes of BFNS22.9 wagons alongwith 4 BVCM wagons. This order is considered related party transaction as the company is one of the promoters of the M/s Touax Texmaco Railcar Leasing.
Waterfield Advisors launches two GIFT City funds for global diversification
Waterfield Advisors has launched two GIFT City-based outbound AIFs to help Indian family portfolios diversify across global equities, commodities and fixed income. The funds aim to address concentrated domestic exposure and provide access to international markets through India-based vehicles, with the firm recommending a minimum strategic allocation of 10% to global assets.
Global Market: China stocks range-bound as tech gains offset bank, insurance sector losses
Chinese stocks were largely range-bound on Monday as gains in technology shares offset losses in banks and insurers following Beijings $54 billion capital-injection plan. The Shanghai Composite slipped 0.2%, while the CSI300 gained 0.2%. Investors also monitored China-US relations, US rate expectations and semiconductor demand.
NIIF appoints Gauravjit Singh in global leadership role
NIIF has appointed Gauravjit Singh as managing partner and global head of capital formation. Singh, who previously worked at PAG, True North and KKR, will focus on expanding NIIFs global and domestic investor base as the fund steps up capital mobilisation.
Global Market: Japans Nikkei rallies on semiconductor strength as market volatility eases
Japan's Nikkei share average took a leap of over two percent on Monday, propelled by robust performance in chip-related stocks reflecting U.S. semiconductor advances. Investors demonstrated a healthier risk appetite, encouraged by steady bond yields and a firm yen. Both Advantest and Tokyo Electron saw an uptick of more than four percent, while Kokusai Electric impressively skyrocketed eight percent due to its new status in the Nikkei 225 index.
PC Jeweller Ltd leads gainers in 'A' group
Ion Exchange (India) Ltd, Syrma SGS Technology Ltd, Black Box Ltd and GMM Pfaudler Ltd are among the other gainers in the BSE's 'A' group today, 07 September 2026.
US dollar index large currency speculative longs continue to slide
Large currency speculators in the US dollar futures slide further, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net long position of 17025 contracts in the data reported through September 01, 2026, marking a decrease of 1657 net positions compared to the previous week.
RPEL to set up 3.5 lakh MTPA silica ramming mass manufacturing facility in Odisha
In joint venture with TRL Krosaki Refractories
Vodafone Idea soars 4% on heavy volumes in weak market; hits 25 month high
In the past four trading days, the stock price of Vi soared 11% after it unveiled a new dynamic identity signalling optimistic future and roping in Shah Rukh Khan to tease what's next for the brand.
NSE revises pre-open session framework, gives market orders priority
The revised mechanism separates order collection from matching and price discovery, with traders facing different windows for market and limit orders
Bengaluru airports expansion takes a capex detour
Aera approved one-third of Bengaluru airports 20,920 crore capex proposal for FY27-FY31, while shifting some projects to a recovery model that starts only after assets are completed and put to use.
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.
A Bengaluru taxpayer faced a 1.23 lakh tax demand after his consultant mistakenly filed Form 10-IEA for the old tax regime. ITAT Bangalore accepted the new regime chosen in his ITR and directed the tax authorities to recompute his liability.
Tata Motors shares steady as Iveco tender offer window opens today
The offer price is 14.10 per common share, cum dividend, valuing Iveco Group at approximately 3.82 billion
The 1,056-crore IPO comprises a fresh issue of shares worth up to 300 crore and an offer-for-sale of up to 1.2 crore shares by promoter K Sons Family Trust.
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.
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.
Pranav Constructions IPO bags 'subscribe' tag from experts; here's why
Pranav Constructions IPO: Analysts have assigned a 'subscribe' tag to the offer based on its scalable business model, strong brand positioning, and high entry barriers in redevelopment.
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.
Solar Industries market cap reaches 2 trillion; stock jumps 21% in 1 month
Solar Industries stands at 45th position in the overall market cap ranking, against 90th rank at the beginning of the calendar year 2026.
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.
Steamhouse India sets price band at 77-81 for 414-cr IPO
Proceeds from the fresh issue will be used to repay part of the company's existing debt, expand capacity at its Ankleshwar and Panoli facilities, set up a new steam-generation unit in the Dahej SEZ
India increases coal rail supplies as 58 power plants face low inventories
Heavy rainfall has disrupted mining and transportation in key coal-producing states, adding pressure on fuel supplies to electricity generators
