Global markets offered mixed cues, with Asian technology indices rallying while GIFT Nifty slipped. DIIs bought ₹8,930 crore, offsetting ₹3,112 crore in FII sales. TCS’s AI investment, RVNL’s order and Lupin’s US approval led corporate updates. Crude gained, metals weakened, while IPO activity and quarterly earnings remained in focus today.
GLOBAL & DOMESTIC MARKET FUTURES
As of 07:40 AM IST
| Index / Market | Change (%) |
| Nasdaq (Futures) | +0.03% |
| Dow Jones (Futures) | -0.30% |
| S&P 500 (Futures) | -0.06% |
| FTSE 100 (Futures) | -0.07% |
| CAC 40 (Futures) | -0.04% |
| DAX (Futures) | -0.11% |
| NIKKEI 225 (Live) | +2.40% |
| KOSPI (Live) | +2.95% |
| Shanghai (SSEC, Live) | -0.03% |
| Hang Seng (Live) | -0.91% |
| TAIEX (Live) | +1.45% |
| Strait Times Index (Live) | -0.43% |
| ASX 200 | +0.04% |
| Gift Nifty (Live) | -0.17% |
COMMODITY MARKET UPDATES (LIVE)
International commodity markets traded mixed, with precious and industrial metals under pressure while crude oil prices advanced.
Gold (Futures): Declined 0.51% to 4,453.70
Gold (Spot): Slipped 0.52% to 4,407.27
Silver: Edged 0.09% lower to 66.685
Copper: Fell 0.27% to 6.6523
WTI Crude Oil: Rose 0.62% to 92.05
Brent Crude Oil: Gained 0.54% to 96.80
FII & DII TRADING ACTIVITY
September 4, 2026 — Cash Market Segment
FIIs / FPIs: Net Sell of ₹3,111.94 crores
DIIs: Net Buy of ₹8,930.12 crores
CORPORATE EARNINGS TODAY
Shiprocket, Behari Lal Engineering, Kotyark Industries, and SSPN Finance.
KEY CORPORATE UPDATES
Positive Corporate Updates
TCS: HyperVault will establish a large-scale AI data-centre campus in Telangana, with TCS and its partners expected to invest up to ₹70,000 crore to build and manage the infrastructure.
Lupin: Received US FDA approval for Modafinil Tablets USP.
Rail Vikas Nigam: Secured an order valued at ₹903 crore.
Mazagon Dock Shipbuilders: Received an order worth ₹118 crore; additionally, MSETCL placed a purchase order worth ₹118 crore for an AI-based comprehensive infrasecure project across five substations.
SIS: Acquired an additional stake in Updater Services for ₹28.54 crore.
Dhruv Consultancy Services: Received a Letter of Award for developing wayside amenities along a national highway in Maharashtra.
Accord Transformer & Switchgear: Secured two orders with a combined value of ₹51 lakh.
Lemon Tree Hotels: Signed two licence agreements for hotels in Bodhgaya, adding 145 rooms.
RNFI Services: Received in-principle authorisation from the RBI as a Payment Aggregator–Physical.
SBC Exports: Secured export orders aggregating approximately ₹29.5 crore (including a ₹22-crore order and a ₹7.5-crore repeat order).
MUKKA Proteins: Received EU Inputs Attestation from ECOCERT for its Eco Sphere organic fertiliser.
CIE Automotive India: Acquired 69 lakh shares of CIE Hosur for ₹121 crore.
Brigade Enterprises: Launched Brigade Barcelona in Hyderabad (estimated revenue potential exceeding ₹2,700 crore).
Urban Enviro Waste Management: Secured an order valued at ₹219 crore.
Devson Catalyst: Received commercial orders from NMDC and Tata Steel for its newly developed product.
National Stock Exchange: The Supreme Court disposed of two SEBI appeals against NSE in the unfair-access case, while separately dismissing the regulator’s case against the exchange.
JM Financial / One MobiKwik Systems: JM Financial initiated coverage on One MobiKwik Systems with a ‘Buy’ rating.
Jayaswal Neco Industries: Clarified that Datasel S.R.L. is unrelated and developments involving it have no financial impact.
Molbio Diagnostics (Q1 Consolidated YoY): Profit stands at ₹58.7 crore vs. loss of ₹23.7 crore; revenue grows 4-fold to ₹408.4 crore vs. ₹99.7 crore.
Negative Corporate Updates
Mawana Sugars: Received a tax demand order of ₹13 lakh from tax authorities.
Carraro India: Received a tax demand order of ₹15.25 crore along with a ₹5 crore penalty.
Nava: Announced the temporary shutdown of its 60 MW power plant in Odisha for approximately 55–60 days.
Cohance Lifesciences: USFDA inspected its formulation (FDF) plant in Shamshabad, Telangana (August 27–September 4), issuing a Form FDA 483 with four observations.
Neutral Corporate Updates
JSW Steel: Consolidated crude steel production rose 3% YoY to 24.65 lakh tonnes in August (Indian production up 4% to 23.87 lakh tonnes; capacity utilisation at 88%; JSW Steel USA Ohio output down 11% to 0.78 lakh tonnes).
Gland Pharma / Fosun Pharma: Shanghai Fosun Pharma’s subsidiary sold 99 lakh shares of Gland Pharma for approximately $294 million.
Tata Technologies: Former CEO and MD Patrick Raymon McGoldrick sold 21 lakh shares through block deals on the BSE.
BSE: Closing-auction-session price-band rules extended to index futures effective September 7, 2026.
Fundraising Approvals & Reviews:
Prime Focus (board approved up to ₹3,000 crore via QIP, preferential issue, rights issue, etc.)
Globesecure Technologies (up to ₹49 crore)
HBG Hotels, Natco Pharma, Axentra Corporation, Ajmera Realty & Infra India, and OneSource Industries and Ventures will consider fundraising.
Debentures & Warrants: Regency Fincorp issued non-convertible debentures worth up to ₹75 crore; G D L Leasing and Finance approved preferential issuance of up to 30 lakh warrants; Piramal Finance decided not to proceed with partial NCD redemption.
Corporate Actions & Restructuring:
Chandni Machines to consider a stock split.
Fujiyama Power Systems to invest ₹5.01 crore in Zayo Energy via CCBs.
Future Enterprises selected Orissa Metaliks as the successful resolution applicant under insolvency.
Tivoli Construction approved the sale of shares in Victoria Investments.
Cyient dissolved its UK step-down subsidiary, Blom Aerofilms (effective September 1, 2026).
Management & Board Changes:
Indo SMC: Anand Santosh Saraogi appointed CFO (succeeding Neel Niteshbhai Shah).
Advent Hotels International: Himmat Singh Sandhu appointed MD and CEO effective November 1, 2026 (succeeding Rahul Pandit).
Mount Housing and Infrastructure: Ramesh Chand Bafna appointed MD for a 5-year term.
Country Condo’s: Data Krishna Kumar Raju reappointed CEO.
Sancode Technologies: Mihir Deepak Vora reappointed MD for 5 years.
iCodex Publishing Solutions: Kajal Patil appointed CFO.
Avro India: Nikhil Aggarwal redesignated from Whole-Time Director to MD.
Gujarat Credit Corporation: Aman Shreyans Shah reappointed MD.
MACRO, NON-CORPORATE, UNLISTED & FOREIGN STOCKS
Indian Immunologicals / Abhayrab: Authorities found vials labelled as Abhayrab batch KE25012 at an unlicensed Delhi residence to be misbranded and sub-standard. The company clarified the vials were not manufactured by its Human Biologicals Institute, reported zero market complaints, submitted records to CDSCO, and requested action. Four individuals were arrested by Delhi Police; authorities confirmed no batch portions were exported.
Air India: Terminated the employment of the pilot-in-command of a Phuket–Delhi flight after testing positive for a psychoactive substance.
Regulatory Penalties (RBI): Imposed monetary penalties on Hinduja Leyland Finance, Sammaan Finserve, Equifax Credit Information Services, CRIF High Mark, and TransUnion CIBIL for regulatory non-compliance.
IPOs & Prospectuses:
Iberia Pharmaceuticals filed its draft prospectus for an IPO (fresh issue of up to 65 lakh shares).
Monomark Engineering received SEBI approval for its proposed IPO.
National Stock Exchange (NSE): SEBI approved its proposed IPO.
Liquidity & Government Borrowings:
RBI to conduct a 30-day Variable Rate Reverse Repo (VRRR) auction for ₹7 lakh crore.
Eight states to collectively raise ₹16,900 crore via State Development Loans on September 8.
Government to auction T-bills worth ₹24,000 crore on September 9 (₹9,000 crore of 91-day, ₹8,000 crore of 182-day, and ₹7,000 crore of 364-day bills).
India’s forex reserves rose for a ninth consecutive week to a record $740.80 billion as of August 28 (up from $729.33 billion).
Gold reserves value increased to $116.41 billion as of August 28 from $114.22 billion.
Central government had zero outstanding loans with the RBI as of August 28.
Benchmark 10-year government bond yield closed marginally lower at 6.9625%.
Indian Rupee recorded its strongest weekly performance in five weeks.
Other Regulatory & Macro Updates:
Coastal Local Area Bank included in the Second Schedule to the RBI Act, 1934.
SEBI and ESMA signed a new MoU covering cooperation/information exchange on central counterparties (replacing the 2017 agreement).
SEBI issued adjudication orders against Laxmi Chhugani and Puja Rungta regarding illiquid stock options on BSE.
Railway Infrastructure Project: Topographical and technical studies commenced; operational mobilisation set for late 2026 (financed by Export-Import Bank).
Global Soft Commodities: Raw sugar moved towards a 16-month high, coffee recovered, and palm oil ended higher on El Niño supply concerns.
BULK & BLOCK DEALS
Swiggy: BNP Paribas Financial Markets and Goldman Sachs Investments Mauritius I collectively acquired 3.76 crore shares, representing a 1.36% stake, at ₹276.10 apiece. BNP Paribas deployed ₹491.99 crore, while Goldman Sachs invested ₹549.01 crore.
Shankara Buildpro: Ohana India Growth Fund acquired an additional 4 lakh shares, representing a 1.64% stake, through two transactions valued at ₹51.88 crore at approximately ₹1,297 per share. The Category III AIF already held a 1.6% stake as of June 2026.
Unified Data Tech Solutions: Vikas Vijaykumar Khemani, founder of Carnelian Asset Management, sold 1.07 lakh shares from his personal holding. The transaction represented a 0.53% stake and was valued at ₹4.17 crore at ₹387.61 per share. Khemani previously held a 1.05% stake as of June 2026.
CARE Ratings: TenCore Partners Master sold 4.26 lakh shares at ₹1,725 per share. The transaction was valued at ₹73.57 crore and represented a 1.41% stake in the rating agency, down from its prior 1.56% holding as of June 2026.
ESDS Software Solution: Anchorage Capital Scheme I sold 10.03 lakh shares at ₹757.44 apiece. The ₹76.01-crore transaction represented a 0.85% stake, following its 1.13% holding prior to the company’s listing on Friday.
Priority Jewels: KIFS Enterprise and Aagam Investments collectively acquired 3.23 lakh shares, accounting for a 1.79% stake. KIFS purchased 1.25 lakh shares for ₹2.90 crore at ₹232.30 per share, while Aagam acquired 1.98 lakh shares for ₹4.67 crore at ₹235.92 per share.
Gland Pharma: Promoter Fosun Pharma Industrial sold 75.05 lakh shares, representing a 4.5% stake, for ₹2,121.5 crore at ₹2,826.60 apiece. Eleven institutional investors, including Kotak Mahindra MF, Axis MF, ICICI Prudential AMC, and SBI Life, acquired the shares. Fosun previously held 51.77% as of June 2026.
Tata Technologies: Former CEO and Managing Director Patrick Raymon McGoldrick sold 21 lakh shares, equivalent to a 0.51% stake, for ₹164.85 crore at ₹785 apiece. The shares were acquired by institutional buyers including ICICI Prudential AMC, Kotak Mahindra AMC, 360 ONE Asset Management, and Carnelian Asset Management & Advisors.
Nexus Select Trust: WhiteOak Capital Mutual Fund, led by Prashant Khemka, acquired 74.95 lakh units from Blackstone-owned BREP Asia SG Forum Holding (NQ). The transaction was valued at ₹122.92 crore, with units purchased at ₹164 apiece.
IPO ACTIVITY
Mainboard Listing
SME Listings
Ashutosh Fibre Ltd (NSE SME)
Shanti Inorganics (NSE SME)
Phychem Technologies (BSE SME)
Ongoing IPOs
Upcoming IPOs
September 8 to September 10: Glass Wall Systems (India) Ltd, Kanohar Electricals Ltd, Prasol Chemicals Ltd
September 9 to September 11: LCC Projects Ltd, Asset Reconstruction Company (India) Ltd
CORPORATE ACTIONS
Ex-Dividend (September 7, 2026): GeeCee Ventures Ltd, Texmaco Infrastructure & Holdings Ltd, Transpek Industry Ltd
Ex-Spin Off / Demerger (September 7, 2026): HEG Ltd
Securities Under F&O Ban (September 7, 2026): SAIL, LICHSGFIN, INOXWIND, KAYNES
SOURCES: WOWNEWS24X7, Moneycontrol, Investing.com
