29 C 
Robust FCNR(B) inflows: Rupee opens 67 paise stronger at 94.30 per USD
Sensex, Nifty open higher on institutional support, global tailwinds; IT stocks drag
FIIs purchase 6,688 crore worth of Indian equities on Wednesday despite decline, while DIIs add 2,813 crore, a combined inflow of nearly 9,501 crore
Global Market: Japans Nikkei struggles for direction as chip stocks weigh, bond yields fall
Japans Nikkei traded in a narrow range as lower bond yields and softer oil prices offset weakness in semiconductor stocks following a drop in Broadcom shares. Energy stocks underperformed, while investors awaited Japans 30-year government bond auction for further cues on interest rates and technology stocks.
Arcil sets price band at Rs 132-139 for Rs 733 cr IPO; issue to open on Sep 9
Arcil has announced an IPO price range set between Rs 132 and Rs 139 per share, with a target to raise around Rs 733 crore. The public can subscribe to Arcil's shares starting September 9th, as current shareholders and promoters choose to divest their stakes in this asset reconstruction firm. The company's shares are anticipated to be listed on the BSE and NSE by September 17th.
Gold and silver prices today, 3 September: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Global Market: South Korean shares rebound as chip stocks track Wall Street gains
South Korean shares rebounded on Thursday, with the KOSPI rising 1.38% as chipmakers tracked gains in their US peers and optimism over AI demand lifted technology stocks. Samsung Electronics and SK Hynix advanced, and POSCO Holdings also gained, although foreign investors remained net sellers.
Indian stock markets opened higher on Thursday, with key indices showing gains. The Sensex rose nearly 155 points, reaching 76,725 on its weekly expiry day. Nifty 50 also gained over 83 points, beginning the session near 23,998. Broader markets followed suit, with midcap and smallcap indices experiencing upward movement. This positive start occurred after a significant decline in the previous trading session.
Power Grid shares gained attention after the state-owned transmission company received an LoI for a 6,000 MW inter-state transmission project linking Barmer in Rajasthan with South Kalamb in Maharashtra. The project carries quoted annual transmission charges of Rs 3,244.33 crore.
Balu Forge acquires state-of-the-art ring rolling production line
Balu Forge Industries announced the successful acquisition of a state-of-the-art ring rolling production line capable of producing forged rings up to 6.7 meters in Outer Diameter (OD).
Tata Trusts Gets Clean Chit Over 1989 Share Transfer
The authorities have said that it is not permissible to examine and review in 2026 the decision taken by the trustees in 1988 regarding the existence of necessity for transfer of shares.
'This Is Where Investors Will Make Money'
'Value is not where you make money in India. It never has been.' 'You have to buy momentum.' 'Momentum is in technology, and I don't see that slowing down because I believe the AI infrastructure boom is going to last for a while.'
Nifty set for positive opening as Asian market rebounds
GIFT Nifty:
Stock Alert: Hexaware Tech, HUDCO, Power Grid, Page Industries
Shares of LIC Housing Finance and SAIL are banned from F&O trading on 3 September 2026.
Indias $127 bln NRI deposits arm RBI with more firepower, setting rupee up for rally
Expected to open at 94.30-94.35 vs dollar; FCNR inflows far exceed $100 billion priced in by markets
Persistent Systems shares fall over 3% as board gives nod for $1.25 billion fundraise. Check details
Persistent Systems approved plans to raise up to $1.25 billion through debt and up to $450 million via equity-linked instruments, subject to approvals. The IT firm reported strong bookings and revenue growth in Q1, though profit declined due to forex losses. Shares have gained 21% over six months.
Shares of Swiggy experienced a decline following MSCI's decision to exclude the company from global indexes, prompted by its shift to full Indian ownership and control. The new foreign ownership constraints limit further investments. Swiggy is targeting robust adjusted EBITDA growth by FY31, even as it reported a net loss while revenues showed an uptick in Q1 FY27.
India's $127 billion NRI deposits arm gives RBI more firepower, setting rupee up for rally
On Thursday, predictions suggest that the Indian rupee will continue its upward trajectory. This optimism stems from substantial foreign currency deposits enhancing the central bank's ability to provide support. India's unique mobilization schemes attracted over $136 billion, resulting in a marked increase in foreign exchange reserves, coupled with positive movements in other Asian currencies that contribute to the rupee's strength.
A Bengaluru taxpayer faced a 41.69 lakh unexplained cash deposit tax demand after failing to file an ITR and respond to tax notices. The ITAT Bangalore refused to condone his nearly four-year delay, leaving the assessment and penalty orders undisturbed.
Infosys Share Price Live Updates: Infosys wraps up at Rs 1156.0
M&M Share Price Live Updates: M&M Exceeds 100-Day Simple Moving Average Mark
Asian Paints Share Price Live Updates: Asian Paints Trading Summary
Coal India Share Price Live Updates: Coal India Ltd Surges Above 100-Day EMA
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Moves Above 100-Day EMA
TCS Share Price Live Updates: TCS trades below its 20-day Simple Moving Average
HCL Tech Share Price Live Updates: HCL Tech's price action signals a bearish trend
NTPC Share Price Live Updates: NTPC's Market Performance
8th Pay Commission: Will civilian pensioners get One Rank One Pension? Key proposals explained
The 8th Pay Commission is examining pension reforms, including civilian OROP, pension parity and notional fixation. The key question is whether the panel will only revise pensions or also address disparities across generations of retirees.
Power Grid Share Price Live Updates: Power Grid Moves Above 20-Day Simple Moving Average
Oil prices edge lower as markets weigh renewed US-Iran supply risks
Brent crude fell 0.45% to $95.20 a barrel while WTI slipped 0.26% to $90.77 as investors weighed the risk of renewed US-Iran strikes disrupting West Asian supplies
ICICI Bank Share Price Live Updates: ICICI Bank's Price Action Indicates Upward Momentum
Global stocks climb as investors watch US-Iran conflict, yen surges
Global stock indexes mostly rose after three days of declines, while the yen jumped sharply and US Treasury yields eased as investors tracked the latest developments in the US-Iran conflict
Indo-Tech bags Rs 166-cr order from AP TRANSCO
Indo-Tech Transformers has received purchase orders from Andhra Pradesh Transmission Corporation (AP TRANSCO) for manufacture and supply of 26 power transformers worth Rs 165.55 crore.
Bajaj Auto Share Price Live Updates: Bajaj Auto's Market Performance Update
Oil prices edge lower as investors weigh US-Iran strike risks
Brent slips 0.45% after latest exchange of fire; Hormuz traffic stays below average
ONGC Share Price Live Updates: ONGC's Price Movement Signals Caution
Tech Mahindra Share Price Live Updates: Tech Mahindra's price action signals a bearish trend
L&T Share Price Live Updates: L&T Volume Performance
HDFC Bank Share Price Live Updates: HDFC Bank Surpasses Key Resistance Level
Stocks to watch: Meesho, SAIL, ICICI Bank, L&T Fin, Blue Star, OMCs & more
Meesho's shares will remain in focus after a likely block deal to sell 1.5 per cent of Meesho's paid-up equity by SoftBank Vision Fund entity SVF II Meerkat is expected today.
Stock Market LIVE: GIFT Nifty signals positive open; Most Asian markets rise; Brent crude tops $95
Sensex Today | Stock Market LIVE Updates Thursday: The GIFT Nifty indicated that the Nifty50 would open on a positive note. Most Asian markets advance
BEML, Raymond, IFCI: 3 breakout stocks on Bonanza's radar
Kunal Kamble of Bonanza has recommended three breakout stocks to buy today -- BEML Ltd, Raymond Ltd, and IFCI Ltd.
Purple Style Labs IPO allotment likely today. Check status, GMP and listing outlook
The retail portion was subscribed 1.66 times, while the QIB portion, excluding anchor investors, was booked 1.5 times. The non-institutional investor category saw 0.89 times subscription. The companys shares are expected to list on BSE and NSE on September 7. Refunds and credit of shares to demat accounts are likely on September 4.
U.S. President Donald Trump said on Wednesday that the renewed U.S. campaign against Iran would not continue for oo long. He said U.S. forces had targeted Iran's radar and missile systems.
Nifty to remain range-bound; Jatin Gedia recommends Meesho, 2 others
Jatin Gedia of Teji Mandi has said that he sees range-bound price action between 23,800 and 24,100 in Nifty from a short-term perspective.
Lumino Industries shares to debut today; 45% GMP signals strong listing buzz
The Rs 700-crore IPO was offered in a price band of Rs 78Rs 82 per share. The issue comprised a fresh issue of Rs 500 crore, involving 6.10 crore shares, and an offer for sale (OFS) of Rs 200 crore, involving 2.44 crore shares sold by promoters Devendra Goel and Jay Goel.
Oil edges down as investors weigh uncertainty over U.S.-Iran strikes
On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by midday Wednesday, initial signs of easing tensions appeared, with shipping data revealing a minor decrease in traffic through the Strait of Hormuz.
Gold treads water ahead of US nonfarm payrolls report
Gold prices held steady during the early hours of Thursdays Asian trading. Investors are closely monitoring the upcoming U.S. nonfarm payrolls data, as it may impact the Federal Reserve's policy directions. Additionally, ongoing geopolitical tensions in the Middle East are adding to market volatility. Other precious metals displayed varied performance as trading commenced.
Hitachi Energy emerges as potential buy on strong order inflows, earnings visibility
Hitachi Energy shares have surged significantly this year on robust revenue growth. The company secured new orders for battery storage and data centers. Its substantial order book provides a strong near-term earnings driver. Future growth is anticipated from high-voltage direct current projects and capacity expansion. Analysts have revised price targets upwards, reflecting strong future prospects.
Market rout brings dividend stocks in limelight: Time to switch?
Dividend stocks aren't immune to market-wide sell-offs, but their yields create a natural floor for the stock price. As the price drops, the yield rises, which naturally brings in value investors.
Happiest Minds shares fall for 5th day as merger concerns weigh
The stock of Happiest Minds Technologies has experienced a significant downturn due to uncertainty related to the ITC Infotech integration. Promoters will cash in, whereas minority shareholders are set to receive shares in the merger. The merger is expected to enhance long-term profitability. Yet, HDFC Securities has downgraded the stock, pointing out the lack of a takeover premium and the anticipated integration time.
Sensex, Nifty, Share Prices Live: The short-term outlook is bullish for Gujarat Industries Power Company. The stock has been largely consolidating this week after surging over 19 per cent last week
Rupee holds firm at 94.97 as RBI intervenes with dollar sales
The Indian rupee remained above 95 against the dollar for a second day. Traders attribute this performance to aggressive dollar sales by the central bank. The rupee closed at 94.97, showing little movement during trading. This stability contrasted with a significant slump in equity markets. State-run banks likely sold dollars to prevent further depreciation past the 95 mark.
Global Market Today: Asian stocks advance as oil slips, yen in focus
Asian markets mirrored Wall Street's upward trend, with Japanese and South Korean indices on the rise. The yen's unexpected gains caught traders' attention, signaling possible interventions. Meanwhile, Brent crude oil prices dipped as President Trump downplayed the possibility of a drawn-out conflict. The decline in oil prices supported bond markets, reducing Treasury yields. The focus is now on the upcoming US jobs report for economic insights.
MSCI to drop Swiggy from global indices on September 7
Global index providers MSCI and FTSE are set to revise Swiggy's index treatment shortly. MSCI is removing Swiggy from global indices, which will lead to considerable passive outflows. Additionally, FTSE has modified Swiggy's investability weight due to foreign ownership limits. Together, these alterations are projected to trigger passive outflows surpassing $350 million, causing Swiggy shares to drop on Wednesday after the news broke.
Global bond slump looks painful, but its nothing like the 2022 rout
Global bond markets are experiencing a selloff, though less severe than four years ago. Current yield increases are smaller, providing some market reassurance and new opportunities. Heavy government spending and AI financing are adding pressure to bond markets. Higher yields offer investors a better income cushion against falling prices. Bond yields may still rise due to inflation and debt issuance pressures.
Centre plans interministerial meeting to chart ethanol feedstock strategy
The Centre may seek greater use of grain-based feedstocks to sustain E20 blending as lower sugarcane and maize acreage raises supply concerns.
Stocks in news: Swiggy, Adani Ports, IDFC First Bank, Hexaware Technologies and Sun Pharma
Indian markets experienced a sharp decline on Wednesday due to global factors. Technical analysis suggests further downside potential for the Nifty index. Several companies like Swiggy and Adani Ports are in focus today. Hyundai Motor India aims to regain its market position with new launches. ONGC is reviewing its Venezuelan assets after receiving US approval.
D-Street poised for a positive start as GIFT Nifty trades firmly higher
The Nifty index fell for a third straight day, closing lower amid rising market volatility. Analysts suggest markets may face continued pressure due to oil prices and bond yields. Foreign portfolio investors and domestic institutional investors were net buyers of shares on Wednesday. The Indian rupee ended little changed, supported by the Reserve Bank of India. SAIL and LIC Housing Finance are currently in the F&O ban period.
Multi-asset funds score big as gold, REITs and InvITs boost returns
Multi-asset funds have outperformed the Nifty over recent one and three-year periods. Strong returns from precious metals and REITs aided this category's performance. These funds offer flexibility to shift allocations based on market conditions. Retail investor interest has surged, making them a fast-growing mutual fund category. Fund managers' track record in rebalancing assets is crucial for investors.
IPO fever surges as 10 August issues cross 100x bids
August witnessed an impressive spike in IPO activity, as ten offerings saw oversubscriptions of more than a hundred times. Leading the charge was Hy-Tech Engineers, garnering bids amounting to over two hundred forty-four times its share allocation. This enthusiastic investor response not only shattered previous monthly records but also positioned 2026 as a standout year for IPOs, matching the fervor last recorded in 2024.
FCNR(B) inflows flood banks, send CD rates tumbling
Three-month CD rates have fallen to around 6.30% at the end of August from about 7.30% at the end of March, marking a decline of roughly 100 basis points.
US stocks today: US markets rebound from lows, but inflation, Iran war worries persist
US stocks rebounded from a three-day selloff, with the S&P 500, Nasdaq and Dow ending higher. However, persistent inflation concerns, a global bond selloff and escalating US-Iran tensions kept investors cautious, while weak jobs data raised concerns about corporate spending and the US economic outlook.
Small finance banks anticipate improved asset quality this financial year. Gross non-performing assets are projected to decline significantly by March 2027. This improvement stems from microfinance portfolio recovery and stable non-microfinance growth. Tighter underwriting practices have strengthened borrower selection in microfinance portfolios. Borrower over-indebtedness caused past credit stress in microfinance books.
'Revolver' misfire hits credit card issuers: India's credit card boom sees lower bank profits
Credit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for payments than borrowing, reducing interest income. Interest-bearing balances have significantly fallen as a percentage of total card spending. This trend is impacting major lenders like HDFC Bank and SBI Cards. Analysts predict further profit margin declines in the coming years.
Chevron expands Venezuela presence with $7 billion plan to double oil output in five years
Chevron shares rose 0.51% to $212.13 on Wednesday as the oil major announced plans to invest more than $7 billion in Venezuela. The company aims to double production through its joint ventures to about 600,000 barrels per day over the next five years.
Prediction platform Kalshi targets US oil market with perpetual WTI contract
Kalshi is preparing to seek US regulatory approval for a perpetual West Texas Intermediate crude oil futures contract, Reuters reported. The proposed 24/5 product would expand Kalshis derivatives business and could become the first oil-linked perpetual futures contract traded on a regulated US platform.
August 2026 saw a clear divergence across market-cap segments. Midcaps and smallcaps gained while largecaps declined. Midcaps also hit a new peak, while smallcaps came close. Over 10 years long period, midcaps delivered the highest returns.
Government employees and pensioners await the July 2026 Dearness Allowance revision and the 8th Pay Commission consultations. Meetings are ongoing to discuss pay and pension matters, with recommendations expected by mid-2027.
FCNR (B) haul soars to $127 bn on final sprint exceeding mkt expectations
Banks mobilised $127.2 billion through the FCNR(B) swap window by August 31, taking total forex inflows under the RBI facility to $136.4 billion
Berkshire Hathaway CEO Greg Abel sees AI, power demand as new engines of growth
Berkshire Hathaway sees AI opportunities beyond technology stocks. The company is investing in Alphabet, a significant player in artificial intelligence. Berkshire Hathaway Energy could benefit from data center power demands. Consumers still face economic pressures from inflation and mortgage rates. Long-term investments in Japanese trading houses remain a strategic focus.
Indias gold loan market has nearly quadrupled to 18.6 trillion in five years, overtaking personal loans. Yet, only around 8% of household gold is monetised through organised lenders. Find who is borrowing, which states are driving growth, and which lenders are gaining share.
Pranav Constructions' 351 cr IPO to open on Sep 7 at 118-124/share
Pranav Constructions has set a 118-124 price band for its 351-crore IPO, comprising a fresh issue of 315.6 crore and an OFS worth 35.4 crore
SBI user alert: UPI outage scheduled for September 4; what you need to know
State Bank of India advises customers to use UPI Lite or alternative payment methods during maintenance.
3 years vs 5 years: How your investment strategy should change as your goal gets closer
Investment strategies should adapt as goals approach, particularly between three to five years. Moving away from high-risk equity is essential for protecting savings.
GIFT City funds: How retail investors can access global markets as international schemes face curbs
GIFT City offers Indian retail investors an alternative route to global equity exposure as overseas investment limits constrain domestic mutual funds. Heres how the route works, available fund options, LRS rules, SIP limitations, accessible markets, costs, and tax implications.
AI Giants Unveil New Models, Sparking Safety Debate
OpenAI, Anthropic, and Google have introduced new AI models with enhanced capabilities. OpenAI's Astra model, achieving a 'Critical' cybersecurity tier, has ignited a debate among researchers due to its ecurrent depth architecture, which some fear makes its reasoning harder to monitor. Anthropic and Google also released new models, focusing on coding, scientific research, and cybersecurity, alongside new image and video AI tools.
The proposed project received a major boost in July after the Public Investment Board approved the 8.4-km elevated corridor between Noida Sector 51 and Greater Noida West Sector 4.
FCNR(B) bonanza: Banks mobilise record $127.226 billion in 85 days, nearly four times 2013 levels
This influx, driven by attractive interest rates of 6-7.5% and significant leverage incentives for non-resident Indians, occurred through the Reserve Bank of Indias concessional swap facility
To reduce interest on loans, consider early principal reduction for guaranteed returns. Shortening loan tenure can lower overall interest even with higher EMIs. Focus on total repayment rather than just EMIs to better manage loan costs.
SIFs have a 10 lakh minimum investment requirement, but investors need not put the entire amount in one strategy. The threshold is calculated across SIF strategies of the same AMC at the PAN level. Heres how SIP, SWP, STP, exemptions and breaches work.
Finance Ministry asks state-owned general insurers to focus on profitable lines of business
Public sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation are encouraged for operational efficiency. Improved customer outreach and social media engagement will enhance product awareness. Companies should increase insurance penetration and reduce protection gaps. Performance monitoring will be strengthened through a standardised KPI framework.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities plunged nearly 1% before recovering, as escalating US-Iran tensions, soaring crude prices and global bond stress battered sentiment. Sensex closed 374 points lower, while Nifty fell 141 points, with analysts warning of continued bearishness below 24,000.
JM Financial Asset Management garners Rs 700 crore from maiden pre-IPO fund
JM Financial Asset Management has secured Rs 700 crore in its pre-IPO fund's first close. This fund targets businesses expected to list publicly within eighteen months. It received commitments from various investors, including family offices and institutions. The fund will invest sector-agnostically in companies with strong fundamentals and growth prospects. JM Financial Asset Management's AIF division enters the growing pre-IPO investment segment.
Banks rush to swap higher-risk credit assets for Bank of England cash
British banks are stepping up their game by putting forth more higher-risk assets as collateral at the Bank of England. This action marks a notable increase in the use of top-risk collateral, reaching levels not seen since March 2020. Unlike the European Central Bank, the central bank is willing to accept loan-backed securities, ensuring that it safeguards its interests through stringent risk management strategies.
F&O turnover slumps to 14-month low of 347 trillion in August, shows data
Equity derivatives turnover fell 22% month-on-month in August after the closing auction session took effect, but BSE volumes are showing signs of recovery in September
Hexaware Appoints Vivek Jetley As CEO-Designate
Hexaware Technologies has announced Vivek Jetley as its CEO-Designate, succeeding Srikrishna Ramakarthikeyan. Jetley will take over on October 28, 2026, with a mandate to accelerate growth and scale the company's AI-led services globally, leveraging his extensive experience in AI and enterprise transformation.
Market Trading Guide: Ageis Vopak Terminals among 2 stock recommendations for Thursday
Indian equities remained volatile amid global bond-market stress and West Asia tensions, with mid-caps under pressure. Analysts recommend SKF India and Aegis Vopak Terminals, citing technical breakouts, strong volumes and improving momentum for potential upside.
