Global markets presented a positive setup, with Asian equities advancing and Gift Nifty indicating a firmer domestic opening. Precious metals led commodity gains, while FIIs and DIIs recorded strong net purchases. Corporate developments remained mixed, alongside major block deals, RBI measures, bond-market pressure and an active IPO calendar today.
1. Global Market Futures & Indices (7:45 AM IST)
US Market (Futures)
Dow Jones: +0.12%
S&P 500: +0.04%
Nasdaq: -0.03%
European Market (Futures)
CAC 40: +0.16%
DAX: +0.13%
FTSE 100: +0.10%
Asian Market (Live)
Key Benchmarks & Derivatives
2. International Commodity Market Updates
International commodity markets traded broadly higher during the session, with precious metals leading the momentum and energy prices consolidating near elevated levels. Silver outperformed the broader complex, advancing 1.28% to $66.298 to indicate firm demand across bullion. Gold futures gained 0.99% to $4,458.46, while spot gold rose 0.57% to $4,413.17, reflecting continued support from institutional and retail buyers. Industrial metals remained largely stable, with copper edging 0.05% higher to $6.6093. Meanwhile, energy commodities posted modest positive traction as WTI crude increased 0.21% to $91.20 per barrel, Brent crude rose 0.04% to $95.67 per barrel, and natural gas climbed 0.70% to $3.021.
3. Institutional Trading Activity (Cash Segment — Sep 2, 2026)
FIIs / FPIs: Net Buy of ₹6,688.37 crores
DIIs: Net Buy of ₹2,812.98 crores
4. Key Corporate Updates
Positive Developments
La Caisse–Altius Telecom Infrastructure Trust: La Caisse invested approximately ₹12,100 crore (CAD 1.76 billion) to acquire a stake in the Brookfield-backed telecom infrastructure trust.
HUDCO–Industrial Infrastructure: HUDCO will provide ₹25,000 crore in financial assistance over five years for the development of industrial infrastructure.
NHPC: Received a favourable claim award amounting to ₹392 crore and €1.5 million.
ICICI Bank: Acquired ICICI Prudential Life Insurance shares through multiple tranches between July 22 and September 2, 2026, raising its shareholding to approximately 52.8%.
HUDCO: Government of India will transfer a portion of its HUDCO shares while retaining a 75% shareholding in the company.
Lords Chloro Alkali: Commissioned a 14.5 MW captive solar power plant with a 1.672 MWh battery energy storage system in Rajasthan.
DCW: Received an order from the Commissioner of Income Tax reducing the company’s tax liability by ₹11.99 crore.
Konstelec Engineers: Total contract order value was revised to ₹91.9 crore.
KD Green Industries: Subsidiary secured a ₹7.79 crore order from Star Infratech for the supply of galvanised-iron steel tubular poles.
CEAT: Tribunal allowed the company’s appeal and set aside a Customs Department fine of ₹78 lakh and penalty of ₹18 lakh; a separate tax demand was revised to ₹3.84 crore (excluding applicable interest and penalty).
Veerhealth Care: Secured an order valued at approximately ₹4.37 crore.
India Cements: Approved the acquisition of a 26% equity stake in Amplijs TN One Energy Private Limited.
Power Grid Corporation: Will undertake a project for establishing an inter-state power transmission system.
Ashika Global Securities: Approved plans to establish a mutual fund business, including setting up an asset management company and trustee company.
JioStar: Introduced quarterly JioHotstar subscription plans across the UK, Canada, and Singapore, expanding its international offerings.
Kirloskar Oil Engines: Entered into a strategic cooperation agreement with DEUTZ for a 1.6-litre engine platform.
Amanta Healthcare: Commenced production at its new SteriPort manufacturing facility located at the Kheda campus.
KSH International: Received renewal of its Maharashtra factory licence.
Negative Developments
Aarti Pharmalabs: Received an order from Gujarat’s Superintendent of Stamps involving total stamp duty and penalties of approximately ₹59.5 crore.
Swiggy: MSCI will remove the stock from the MSCI Standard and MSCI Mid Cap indices with effect from September 7, potentially triggering passive fund outflows.
FACT: Estimated the impact of penal interest charged on a Government of India loan at ₹48.69 crore for the current financial year.
Pine Labs: Alpha Wave Ventures II LP sold 3.55 crore shares in the company through a block deal on the NSE.
Omaxe: Securities Appellate Tribunal dismissed the company’s appeal against an earlier order passed by SEBI.
ICICI Lombard General Insurance: Plans to appeal or explore other legal options against an adverse order received by the company.
Neutral / Strategic / Management Updates
RBL Bank: Board will consider establishing a Euro Medium-Term Note programme and issuing foreign-currency bonds or other debt securities. Mobilised $3.40 billion under RBI’s swap window; International Banking Unit loans against FCNR deposits stood at $1.08 billion.
Hexaware Technologies: Appointed EXL executive Vivek Jetley as CEO-designate to lead its next phase of AI-led growth; incumbent CEO Srikrishna Ramakarthikeyan will step down effective October 28, 2026.
Aavas Financiers: Approved the issuance of non-convertible debentures with a nominal value of up to ₹100 crore.
Motilal Oswal Financial Services: Board will consider raising funds through non-convertible debentures.
Paisalo Digital: Board will consider fundraising through privately placed non-convertible debentures.
Resourceful Automobile: Proposed raising funds through the issuance of convertible warrants.
Step Two Corporation: Approved a preferential issue of 23.5 lakh equity shares at ₹17 apiece (raising approx. ₹4 crore).
Interactive Financial Services: Board will consider an equity rights issue for existing shareholders.
Bank of Baroda: Taking all necessary measures to ensure the smooth functioning of operations amid ongoing strikes.
Jattashankar Industries: Approved a stock split subdividing each existing equity share into ten shares.
Simplex Papers: Disclosed land-sale consideration of ₹25 lakh.
Page Industries: Disclosed a claim amount of AED 1 along with annual interest applicable from October 10, 2025.
Indo National: Made an additional investment representing 0.78% of the investee company’s paid-up share capital.
V R Infraspace: Withdrew its proposal to acquire the remaining 5% stake in Daxon Realty.
Krishival Foods: Decided not to proceed with the proposed acquisition of additional shares in Melt ‘N’ Mellow.
Vani Commercials: Proposed acquiring subsidiary Gee Bee Card & Financial Services.
MosChip Technologies: Clarified that it is neither a party to the referenced proceedings nor connected with the underlying dispute.
Leadership & Management Changes:
Shri Krishna Devcon: Reappointed Sunil Kumar Jain as MD for three years effective November 1, 2026.
Sprayking: Reappointed Hitesh Pragajibhai Dudhagara as Managing Director.
Ekennis Software Service: Reappointed Manisha Sharma as Managing Director.
Quality Power Electrical Equipments: Reappointed Thalavaidurai Pandyan as Chairman and MD.
Capricorn Systems Global Solutions: Appointed Manmohan Rao Suddhala as Managing Director.
Jindal Worldwide: Reappointed Amit Yamunadutt Agarwal as Managing Director.
Focus Business Solution: Recommended reappointment of Mohamedyaseen Muhammadbhai Nathani as Chairman and MD.
Nexus Surgical and Medicare: Appointed Anish More as Managing Director.
K S Oils: Appointed Pawan Mendiratta as Chief Financial Officer.
5. Bulk & Block Deal Transactions
Altius Telecom Infrastructure Trust: CDPQ Infrastructures Asia III acquired a 24.00% stake comprising 73.13 crore units in the Brookfield-backed trust for ₹12,067 crore at ₹165 per unit, with GIC-backed Anahera Investment and Brookfield-controlled BIF IV Jarvis India acting as the respective sellers.
Pine Labs: Alpha Wave Ventures II LP disposed of 3.54 crore shares, representing a 3.07% stake, for ₹549.92 crore at ₹155.10 per share through block deals, which were acquired by nine institutional investors including ICICI Prudential Life, Goldman Sachs, Morgan Stanley, Norges Bank, and multiple mutual funds.
Aster DM Quality Care: Promoter-family entity Union (Mauritius) Holdings bought 46.09 lakh shares, equivalent to a 0.52% stake, for ₹350.34 crore at ₹760 per share from TPG-affiliated seller Centella Mauritius Holdings.
Shreeji Shipping Global: Unity Associates acquired 10.98 lakh shares, representing a 0.67% stake, for ₹70.85 crore from company promoters Ashok Kumar Haridas Lal and Lal Jitendra Haridas, who each sold 5.49 lakh shares at ₹645.30 apiece.
Wonder Electricals: Nexus Global Opportunities Fund added to its previous holdings by purchasing an additional 15.22 lakh shares, representing a 1.13% stake, for ₹11.55 crore at ₹75.85 per share.
6. Macroeconomic, Regulatory & Unlisted Updates
RBI Liquidity Operations: Announced a ₹6 lakh crore overnight Variable Rate Reverse Repo auction under the Liquidity Adjustment Facility for September 3, 2026.
Indian Government Bonds: Benchmark 10-year yield closed higher at 6.9754% (up from 6.9581%) amid a global debt-market sell-off, rising oil prices, and higher US Treasury yields.
India Forex Inflows: Banks mobilised total forex inflows of $136.38 billion under RBI’s swap facility through August 31 ($127.23 billion via FCNR(B), $3.89 billion via ECB, and $5.26 billion via overseas foreign-currency borrowings).
India Trade Policy: Government plans to exempt high-end sectors, including semiconductors, from certain government-mandated standards to support advanced tech manufacturing investments.
RBI Regulations & Reporting:
Revised reporting requirements for non-resident bank accounts, dispensing with reporting temporary overdrafts by overseas branches above permissible limits if adjusted within five days.
Introduced a half-yearly return via the Centralised Information Management System portal for natural calamity relief tracking.
Issued Urban Cooperative Banks Second Amendment Directions, 2026, on investment portfolio classification, valuation, and operations.
SEBI Actions: Issued settlement/adjudication orders concerning DMI Income Fund Pte Ltd and Jainam Broking Limited.
Global Energy & Geopolitics:
Iraq: Increased crude oil exports in August due to competitive pricing attracting stronger buying interest.
Chevron–Venezuela: Reportedly plans to invest ~$7 billion to double Venezuelan oil production over five years.
India–US: India’s Trade Minister expected to visit the US in September for the G20 meeting.
US–Iran: US Treasury Secretary Scott Bessent noted extensive discussions with parties supporting Iran regarding potential sanctions evaluations.
7. Corporate Actions & Market Schedule (September 3, 2026)
IPO Activity
Mainboard Listing: Lumino Industries Ltd
SME Listing: Kwick Forensic Solutions
Ongoing IPOs (Closing Sep 3): Rays of Belief Ltd (FPSE), Deepa Jewellers Ltd
Upcoming IPO (Sep 4 to Sep 8): Qualiance International Ltd (NSE SME)
Ex-Dividend Equities
Action Construction Equipment Ltd, Birla Precision Technologies Ltd, Bansal Roofing Products Ltd, Carraro India Ltd, Dhoot Industrial Finance Ltd, Hindustan Hardy Ltd, Interarch Building Solutions Ltd, Lehar Footwears Ltd, Nirlon Ltd, Pune E - Stock Broking Ltd, Rose Merc Ltd, Vadilal Industries Ltd
Ex-Right Issue
Salem Erode Investments Ltd
Futures & Options (F&O) Ban List
Sources: WOWNEWS24X7, Moneycontrol, Investing.com
