FOMO TO FMA - Dalal Street Morning Pulse: Mixed World Markets, Costlier Crude and Strong Domestic Cues
1. Global Market Futures & Live Indices (as on 7:20 AM IST)
| Region / Asset Class | Index / Exchange | Value / Change | Trend / Status |
| US Market (Futures) | Nasdaq | +0.04% | Positive |
| Dow Jones | -0.09% | Negative | |
| S&P 500 | +0.02% | Positive | |
| European (Futures) | FTSE 100 | -0.06% | Negative |
| CAC 40 | -0.48% | Negative | |
| DAX | +0.20% | Positive | |
| Asian (Live Market) | Nikkei 225 | +0.79% | Positive |
| Kospi | -0.14% | Negative | |
| Shanghai (SSEC) | -0.23% | Negative | |
| Hang Seng | -0.61% | Negative | |
| TAIEX | +0.20% | Positive | |
| Straits Times Index | -0.76% | Negative | |
| Other Regional | ASX 200 | -0.79% | Negative |
| Gift Nifty | 23,521.50 | +0.33% |
2. Commodity Market Updates (Live)
Energy Outperformance: International commodity markets traded mixed with energy leading the way. WTI crude climbed 1.35% to $102.76 per barrel, while Brent rose 0.72% to $106.96, signaling strong oil market momentum. Natural gas slipped 0.31% to $2.874.
Precious Metals: Subdued performance overall. Gold futures declined 0.26% to $4,340.75, whereas spot gold edged 0.05% higher to $4,300.94. Silver underperformed, dropping 0.56% to $63.778.
Industrial Metals: Copper eased 0.31% to $6.3770, indicating cautious investor sentiment across the broader commodities complex.
3. FII & DII Trading Activity (September 11, 2026)
FIIs / FPIs: Net Sell of ₹930.90 crores
DIIs: Net Buy of ₹1,968.17 crores
4. Corporate Earnings
Sunshine Pictures: Scheduled to announce its quarterly earnings scorecard today.
5. Key Corporate Actions & Updates
Positive Developments
HFCL: Approved an additional investment of ₹820 crore to expand optical fibre and cable manufacturing capacities.
Uno Minda: Approved three major capacity expansions: a ₹510 crore greenfield facility in Hosur (Tamil Nadu), a ₹670 crore automotive products facility in Maharashtra, and a ₹155 crore two-wheeler alloy-wheel plant in Kharkhoda. (Also approved NCD issuance up to ₹600 crore—listed under Neutral).
KEC International: Secured new orders aggregating ₹1,303 crore.
Solar Industries India: Announced an all-cash acquisition of Omnia to support commercial growth and operational efficiencies.
HCLTech: Expanded its strategic partnership with CrowdStrike to advance enterprise AI security capabilities.
Cochin Shipyard: Formed a joint venture with Drydocks World to strengthen India’s ship-repair ecosystem.
Jubilant Pharmova: USFDA classified Jubilant HollisterStier’s Spokane facility as Voluntary Action Indicated (VAI).
Aurobindo Pharma: USFDA inspection of Apitoria Pharma’s Unit IV concluded with zero observations.
Dr Reddy’s Laboratories: USFDA completed records assessment of its Mexico API facility, issuing Form FDA 2953 with two observations.
Sun Pharma: Signed a confidential settlement in generic pharmaceuticals pricing antitrust litigation without admitting wrongdoing.
Raymond: Aerospace subsidiary secured multi-programme orders with an annual business potential of ₹33 crore (production across 2026–2027).
JSW Infrastructure: Port-logistics subsidiary received an LoI to establish an inland container depot at Kudathini, Karnataka.
ESDS Software Solution: Launched Swaraj Sethu, a new DevSecOps platform.
Praruh Technologies: Entered separate strategic partnerships with Quantum Networks and IBM.
Oriana Power: Approved investment up to ₹65 crore in the Oriana USolar joint venture.
BHEL: Approved an additional ₹65 crore equity investment in NTPC BHEL Power Projects JV.
Shreeji Shipping Global: Executed a port operations agreement with Indo Energy for Sanegaon Jetty.
Nephrocare Health Services: Subsidiary acquired dialysis-centre assets in the Philippines for ₹102.5 crore.
Standard Capital Markets: Received NCLT approval for the resolution plan for Bhagirath Construction.
Shakti Pumps (India): Invested ₹11 crore in Shakti Energy Solutions.
De Neers Tools: Secured an order for 16,500 tool kits from Renault.
Emami: To consider an equity share buyback proposal.
Airfloa Rail Technology: Acquired KIN Railway Equipment’s business for ₹48 crore.
Happy Square Outsourcing Services: Received a ₹5.02 crore work order from Hindustan Copper.
Satin Creditcare Network: Subsidiary Satin Growth Alternatives invested ₹5 crore in Indic Wisdom.
Juniper Green Energy: Commissioned an additional 10 MW wind capacity (part of a 150 MW hybrid project); subsidiary commissioned a 40 MW wind component.
Xelpmoc Design and Tech: Approved the sale of its investment in Woovly India for ₹14.58 crore.
Vijaya Diagnostic Centre: Approved acquisition of Arya Wellness Centre’s diagnostic business on a slump-sale basis for ₹46.2 crore.
Accuracy Shipping: Subsidiary received an LoI for a container freight station at Kandla, Gujarat (₹25 crore capex).
Precision Electronics: Received consent to operate its Ballabhgarh facility from the pollution control authority.
Relicab Cable Manufacturing: Secured a control-cables contract worth ₹2.6 crore (excluding taxes).
SJVN: Unit II of the 660 MW Buxar Thermal Power Project began commercial operations on September 12.
Power and Instrumentation (Gujarat): Approved as a specialised agency for power-supply works at Hisar Airport.
Allied Blenders and Distillers: Approved a capital contribution up to ₹115 crore to Minakshi Agro Industries for a malt distillery in Aurangabad.
Silver Touch Technologies: Secured a ₹5.12 crore contract from Gujarat Urja Vikas Nigam Limited.
Veerhealth Care: Signed an MoU with an Indo-Canadian joint venture and received a ₹10 lakh sample order.
Ceigall India: To acquire the entire equity of Jam Khambhaliya Jamnagar Power Transmission and subscribe ₹5 lakh for a proposed JV.
Prakash Industries: Received consent to operate the expanded Bhaskarpara coal mine at 1.2 MTPA.
Anlon Technology Solutions: Secured an order worth ₹1.67 crore.
ITCONS E-Solutions: Received a contract from the Indian Navy valued at ₹8.3 million.
Lalithaa Jewellery Mart: Reported June-quarter consolidated revenue of ₹6,031 crore and profit of ₹208 crore.
Negative Developments
HDFC Life: Received an order confirming a tax demand of ₹942 crore, plus interest and penalties totaling ₹2,423 crore.
Yatharth Hospital: Two subsidiaries received aggregate tax demands of ₹296.6 crore plus ₹11.42 crore interest.
Piramal Pharma: USFDA issued Form 483 with seven observations after inspecting the Morpeth (UK) facility.
Coforge: Independent director and NRC chair D.K. Singh resigned with immediate effect citing board tensions; board disputed claims and initiated a global search for replacements.
Granules India: Promoter Krishna Prasad Chigurupati sold 1.72 crore shares via block deals, reducing promoter holding from 38.02% to 31.08% to fund a preferential issue.
PNC Infratech: NHAI extended the debarment of subsidiary Awadh Expressway for three years.
Lancer Container Lines: Reported a cyber fraud incident impacting approximately ₹53 lakh (no business disruption identified).
Spice Islands Industries: SEBI conducted search-and-seizure proceedings at registered offices on September 10.
Sunrest Lifescience: Cancelled rights issue and initiated fund unblocking due to undersubscription.
Lloyds Metals and Energy: CCI imposed a ₹15 lakh penalty regarding combinations with Thriveni Earthmovers and Infra.
Eris Lifesciences: Executive Director and COO Krishnakumar Vaidyanathan resigned.
Horizon Industrial Parks: Reported a Q1 consolidated net loss of ₹10.32 crore on revenue of ₹201 crore.
BPCL: Received two stamp-duty-related orders from Gujarat authorities totaling ₹46 lakh.
Union Bank of India: RBI imposed a monetary penalty of ₹1.34 lakh.
GAIL: Chairman noted LNG prices above $20 per MMBtu have adversely affected demand.
Neutral Developments
Uno Minda: Approved issuing non-convertible debentures up to ₹600 crore.
HDFC Bank: Submitted two ranked candidates to the RBI for MD & CEO; created a new Whole-time Director position appointing Jimmy Tata for three years; proposed V. Srinivasa Rangan’s reappointment.
Samvardhana Motherson International: Committed an investment of ₹11,000 crore in Tamil Nadu.
Raymond Realty: Approved fundraising of ₹409 crore via convertible warrants.
Federal Bank: To consider a medium-term note program of up to $500 million.
Info Edge: Appointed Himanshu Agarwal as CFO, Additional Director, and Whole-time Director effective September 17, 2026.
CESC: Reported a substation fire at Panihati on September 13; power fully restored within three-and-a-half hours with zero casualties.
Other Fundraisings/Board Changes: Choksi Laboratories, Artificial Electronics Intelligent Material, Marble City India, Yatharth Hospital, Religare Enterprises, Bodal Chemicals, OneM Technology Solutions, Faalcon Concepts (rights issue up to ₹22 crore), Supra Pacific Financial Services (NCDs up to ₹50 crore), Tikona Communication, Oseaspre Consultants, IIFL Capital Services, Shalibhadra Finance, Indo National (invested ₹25 lakh in Medcuore Medical Solutions), Dhruva Capital Services (up to ₹160 crore), Reliable Data Services (up to ₹200 crore), Minda Corporation (commercial paper of ₹100 crore).
6. Macro, Non-Corporate & Policy Updates
General Economic Indicators & Markets:
Retail Inflation: August consumer inflation accelerated to 4.82% YoY, marginally above the 4.80% consensus estimate, while food inflation stood at 5.95%, strengthening expectations of tighter monetary policy.
Wholesale Inflation: August WPI inflation was reported at 9.82% YoY against a 9.89% poll estimate; manufacturing inflation stood at 8.37%, while the fuel index rose 22.93%.
Interest-Rate Outlook: Broadening consumer-price pressures and higher August inflation strengthened the case for a possible rate increase.
Indian Rupee: Recorded its sharpest weekly fall in four months as elevated oil prices heightened concerns around India’s import bill and external balance.
Indian Government Bonds: Benchmark 10-year government bond yield closed at 7.0233%, up from the previous close of 6.9762%.
Banking System: Bank loans grew 19.1% YoY and deposits rose 17.8% in the fortnight ended August 31, while broad money supply expanded 16.7%.
Forex Reserves: Reached a record $785.71 billion as of September 4 compared to $740.80 billion a week earlier; gold reserves stood at $113.82 billion.
Global Commodity Trends: Cotton prices declined due to a stronger dollar, harvest pressure, and increased rate-hike expectations. Palm oil prices initially gained alongside higher crude oil, but subsequently touched a two-week low as rising inventories pressured the market. Gold prices advanced as investors focused on softer US inflation data and its implications for monetary policy.
RBI Operations & Liquidity
Reverse Repo Auction: Scheduled an overnight variable-rate reverse repo auction of ₹5 lakh crore for September 15.
Open-Market Operations (OMOs): Announced government-bond sales totalling ₹1 lakh crore—₹50,000 crore on September 17 and ₹25,000 crore each on September 21 and September 28.
T-Bills Auction: The government will auction ₹24,000 crore of T-bills on September 16, comprising ₹9,000 crore of 91-day, ₹8,000 crore of 182-day, and ₹7,000 crore of 364-day securities.
Bond Auctions: The RBI accepted ₹9,960 crore in the new GS 2056 sale, ₹10,996 crore in the 2033 security, and ₹4,300 crore in the 2029 bond auction, with partial-allotment conditions varying across securities.
Priority-Sector Lending (PSL): Clarified that specified PSL exemptions will apply only to deposits mobilised up to August 31 under the amended directions.
Local Area Banks: Issued its second amendment directions governing cash reserve ratio (CRR) and statutory liquidity ratio (SLR) requirements for local area banks.
Government Position: Reported that the Union government had no outstanding loans with it as of September 4.
Energy, Trade & Global Infrastructure
QatarEnergy: Seeking 2–3 million tonnes of LNG annually through 2031 and discussing multi-year supply agreements with Venture Global, Cheniere, Woodside, and other US producers to replace volumes affected by prolonged Ras Laffan repairs.
Etihad Airways: Observed reduced student traffic from India to Canada and the US amid recent visa-related issues.
EY: Committed ₹1,000 crore to establish a global capability centre in Tamil Nadu.
Sigma Technology Group: Announced an expansion of its presence in Tamil Nadu.
Kelington Group: Its subsidiary accepted a record-high $452 million letter of award for the Dholera semiconductor fabrication project, expected to contribute positively to earnings through project completion.
Ball Corporation: Plans to open a two-line beverage-can manufacturing facility in Uttar Pradesh in 2029.
Amazon Pay: Plans to broaden its insurance offerings as part of a wider financial-services expansion in India.
South Korean Crude Imports: South Korea imported 121 million tonnes of crude in August, compared with 125 million tonnes a year earlier, according to customs data.
US Refining: The White House was reportedly evaluating use of the Defense Production Act to expand domestic refining capacity and mitigate fuel-price spikes.
India Power Exports: The government approved exports of up to 654 MW of electricity to Nepal for 18 hours per day through December 31.
Geopolitics & Bilateral Relations
BRICS Joint Declaration: Member countries committed to maintaining global trade, supply chains, and energy flows; facilitating cross-border payment solutions; upholding nuclear safety; opposing unlawful unilateral coercive measures and trade distortions; and resolving disputes through dialogue and diplomacy.
BRICS Cooperation: Chinese President Xi Jinping called for innovation incubators, emerging-industry development, stronger AI cooperation, and deeper practical collaboration; China will assume the BRICS chairmanship and host the summit in 2027.
India–China Relations: Prime Minister Narendra Modi and President Xi Jinping agreed to approach bilateral ties strategically, prevent differences from becoming disputes, pursue a mutually acceptable boundary settlement, and improve business links, mobility, market access, and supply-chain cooperation. Reiterated that peace, tranquillity, and adherence to existing border agreements remain essential to bilateral relations.
Ukraine Diplomacy: India and China expressed readiness to support efforts toward a settlement of the Ukraine conflict, a proposal welcomed by Russian President Vladimir Putin.
Middle East Security: BRICS members, including Iran and the UAE, backed restraint, regional stability, and the protection of nuclear safeguards amid ongoing conflict risks.
India–Iran Relations: Prime Minister Modi stressed freedom of navigation and commerce, sailor safety, and continued efforts toward lasting peace during talks with Iranian President Masoud Pezeshkian.
Russia–India Relations: Prime Minister Modi and President Putin held discussions in New Delhi covering trade, defence, and wider bilateral cooperation.
Regulatory Frameworks (SEBI & Tech Policy)
SEBI Closing Auction Framework: Proposed six changes to improve derivatives settlement prices, including revised price bands, a five-minute post-closing window, restrictions on cancelling certain orders, and use of closing-auction/VWAP methodologies on expiry days.
SEBI Cybersecurity Framework: Proposed extending the market-infrastructure cybersecurity framework to certain exchange subsidiaries that handle shared data or infrastructure.
NSE Management & Indices: Management stated diversification could reduce dependence on weekly-options revenue, while transaction charges should remain a growth driver; clarified that NSE had not applied to trade its own shares on its platform. NSE Indices launched the Nifty AI Catalysts Index.
India Technology Policy: The Finance Minister advocated fair taxation in jurisdictions where technology companies earn profits, a federated industry platform for global regulatory engagement, and commercialisation of intellectual property, and explored soft-touch AI regulation with the RBI.
7. Bulk & Block Deals (Summary)
| Stock Name | Transaction Details & Counterparties | Value / Stake |
| Granules India | Promoter Krishna Prasad Chigurupati sold 1.72 crore shares across two transactions; acquired by Capital Group, Kotak Life, SBI Life, BNP Paribas, and Goldman Sachs. | ₹1,508.64 crore (6.94% stake) |
| BlackBuck | Abakkus Investment Managers (Sunil Singhania) acquired 27 lakh shares from Accel India IV (Mauritius) at ₹576.05/share. | ₹155.5 crore (1.48% stake) |
| Jamna Auto Industries | Promoters Randeep Singh Jauhar and Pradeep Singh Jauhar sold 1.99 crore shares; acquired by 360 ONE MF, DSP MF, and ADIA at ₹128/share. | ₹255.87 crore (5% stake) |
| Sri Lotus Developers | Morgan Stanley Asia Singapore acquired 15 lakh shares from Mohamed Irfan Mohamed Latif Shaikh at ₹201.75/share. | ₹30.26 crore (0.3% stake) |
| NRB Bearings | Promoter entity Trilochan Singh Sahney Trust 1 sold 5 lakh shares at ₹505/share; acquired by DT Fund, GP Emerging Markets Strategies, and University of Notre Dame Du Lac. | ₹25.25 crore (0.51% stake) |
| Electrotherm India | Radiant Global Fund-Class B acquired 2.15 lakh shares from 8 Square Capital at ₹951.83/share. | ₹20.53 crore (1.69% stake) |
8. IPO & Listing Dashboard
Mainboard & SME Listings Today
Pranav Constructions Ltd: Mainboard Listing
Apana Logistics Ltd: BSE SME Listing
Ongoing IPOs
Closing September 15: Veegaland Developers Ltd, Raksan Transformers Ltd (BSE SME), Maharaja & Speedex India Ltd (SME), Om Galaxy Ltd (BSE SME).
Closing September 16: Manika Plastech Ltd, Century Business Media Ltd (BSE SME), Injecto Polymers Ltd (BSE SME).
Closing September 17: Shakti Polytarp Ltd (BSE SME), Vama Wovenfab Ltd (SME).
Upcoming IPOs
September 16 – 18: Hero Motors Ltd, SS Retail Ltd, Jindal Supreme (India) Ltd.
September 17 – 21: Sonaselection India Ltd, National Stock Exchange India Ltd (NSE - BSE Mainboard).
9. Corporate Actions & Market Restrictions
Securities Trading Ex-Dividend (September 15, 2026):
Aarti Pharmalabs, Agi Greenpac, AksharChem, Arrow Greentech, Belrise Industries, Blue Dart Express, Carysil, Dilip Buildcon, Filatex India, Frontier Springs, Hexagon Nutrition, The Hi-Tech Gears, HP Adhesives, ITDC, ITL Industries, IL&FS Investment Managers, Indian Wood Products, J. Kumar Infraprojects, Kanchi Karpooram, KNR Constructions, Karnataka Bank, Manaksia Aluminium, NDL Ventures, Nikhil Adhesives, Pondy Oxides, Samkrg Pistons, Simmonds Marshall, Solex Energy, Superhouse, Super Tannery, Suraksha Diagnostic, Systematix Corporate Services, Tilaknagar Industries, Time Technoplast, TPL Plastech, Websol Energy System.
Ex-Right Issue: Century Extrusions Ltd (September 15, 2026).
Securities Under F&O Ban: SAIL, INOXWIND, KAYNES, MANAPPURAM, BANDHANBNK.
Sources: WOWNEWS24X7, Moneycontrol, Investing.com
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