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Informist, Tuesday, Sept. 1, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices gain further as RIL, select IT cos extend gains

 

MUMBAI--1223 IST--Benchmark indices rose further as heavyweight Reliance Industries, select information technology stocks, and others extended gains. The Nifty 50 was supported by Reliance Industries and Bharti Airtel, up over 2% and 3%, respectively. IT majors HCL Technologies and Infosys rose further and were up nearly 4% and over 1%, respectively. At 1212 IST, the Nifty 50 was 0.2% higher at 24128.75 and the BSE Sensex rose 0.3% to 77217.05.

FMCG major ITC was the top gainer in the index and was up nearly 4%. The stock carried on the positive sentiment after the announcement of the merger of Happiest Minds Technologies with its arm. Shares of Happiest Minds Technologies fell 11%. The stock hit a one-month low of INR 356.95 after the announcement of the merger. The management of Happiest Minds in an analyst call said it would discuss operational strategies related to cross-selling and leadership details for the combined entity of ITC Infotech and Happiest Minds after getting approval from the Competition Commission of India.    

 

Shares of automobile companies Bajaj Auto and Tata Motors Passenger Vehicles were up around 2?ch. Financial services companies put downward pressure on the Nifty 50. Shares of Shriram Finance were the worst hit, falling nearly 4%, while Bajaj Finserv, Axis Bank, State Bank of India, and Jio Financial Services were down 1–2%. The heavyweight ICICI Bank fell over 1% and added to the downward pressure.

 

Shares of Maruti Suzuki India fell further after the automobile major detailed its August monthly sales data. The stock fell nearly 3%. Shares declined despite over 21% on-year growth in total car sales for the month.   

 

The broader market indices were mixed as midcap indices fell nearly 1?ch. The Nifty Smallcap 250 was up 0.2%. The index was supported by the gains in the stock of Aditya Infotech, up over 3%. Nifty Smallcap 100 and Nifty Smallcap 50 were flat.  

 

Shares of Info Edge (India) and Adani Green Energy were up over 4% and were the top gainers in the Nifty 200 constituents. Shares of Kei Industries were the worst performers in both the Nifty 200 and Nifty 500, down more than 5%. Caplin Point Laboratories and Engineers India were the top gainers in the Nifty 500, up around 8%.  (Vidhi Thacker)

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Equity Alert: Indices off lows; financial services cos drag Nifty 50

 

MUMBAI--1030 IST--Nifty 50 came off lows as heavyweight HDFC Bank erased some earlier losses and turned flat. Reliance Industries gained further and lent support to the 50-stock index, while ICICI Bank weighed down. On other hand, Sensex turned green and was slightly higher. The financial services companies were the major laggards of the Nifty 50 index. At 1057 IST, the Nifty 50 was flat at 24086.85 and the BSE Sensex was 0.1% higher at 77035.05.

 

Shriram Finance was the top underperformer, down nearly 4%. Other major financial service companies Axis Bank, Bajaj Finserv, Jio Financial Services, and State Bank of India were 1–3% lower. The heavyweight ICICI Bank fell nearly 1%. Nestle India traded over 3% lower after opening a tad higher in the day. In contrast, Adani Ports And Special Economic Zone was the top gainer in the index, and up nearly 4%. ITC and Bharti Airtel were nearly 3% higher each. Automobile companies Bajaj Auto, Tata Motors Passenger Vehicles and Mahindra & Mahindra were seen in the green and were 1-2% higher. Bajaj Auto lodged a 28% on year growth in its August monthly sales, while Mahindra & Mahindra posted a 42% on-year growth. More auto sales date are yet to be detailed.  

 

The broader markets were majorly in red, with the midcaps down around 1?ch and smallcaps were mixed. Nifty Smallcap 250 was flat, while Nifty Smallcap 100 and Nifty Smallcap 50 were down 0.1?ch. Indices tracking sectors were majorly in red with Nifty Realty down for the fifth consecutive session and was nearly 2% lower. Nifty Metal, Nifty FMCG, Nifty Media, Nifty Auto and Nifty Infrastructure were 0.1-0.6% higher. 

 

Prestige Estates Projects and KEI Industries traded nearly 5% lower and were the laggards in the Nifty 200 index. Polycab India fell over 4%. Shares of wires and cable manufacturers fell amid a rise in copper metal prices. On other hand, Adani Green Energy and Info Edge traded nearly 4% higher in the Nifty 200. Vardhman Textiles was the top gainer in the Nifty 500 and was 8% higher. Graphite India and Engineers India traded 6% higher, each.  (Utthara E. S.)

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Equity Alert: Mkt opens dn amid higher crude prices, escalation in W Asia war

 

MUMBAI--0952 IST--Indices opened lower amid a rise in crude oil prices on the back of an escalation in fighting in West Asia. Pharmaceutical companies were the major laggards. Broader market indices were in the red. At 0943 IST, the Nifty 50 was 0.2% lower at 24040.80, and the BSE Sensex fell 0.1% to 76867.65.  

 

FMCG major ITC was the top gainer among the Nifty 50 constituents, up over 3%. The shares rose after Happiest Minds Technologies, an information technology firm, announced its merger with ITC Infotech Ltd, a wholly owned subsidiary of ITC. The combined entities are targeting revenues of $1 billion by 2026-27 (Apr-Jun). Meanwhile, shares of Happiest Minds Technologies fell nearly 5%.

 

HCL Technologies, Bharti Airtel, Tata Motors Passenger Vehicles, Adani Enterprises, and Dr. Reddy's Laboratories rose 2-3%. Reliance Industries was up nearly 2%. Mahindra & Mahindra was up over 1%. The Thar-maker reported a 42% on-year growth in August vehicle sales. On the other hand, Max Healthcare Institute and Shriram Finance fell over 3?ch. InterGlobe Aviation fell nearly 3%. Nestle India, Axis Bank, Asian Paints, Tata Consultancy Services, and Bajaj Finserv fell around 2?ch. 

Sun Pharmaceutical Industries fell nearly 2?ter the company signed a pact with the US administration to extend "Most Favoured Nation" pricing. The company will extend "Most Favoured Nation" pricing to the country's Medicaid programmes. "Sun Pharma also commits to MFN pricing for future innovative medicine launches," the company said in a press release. Nifty Pharma and Nifty Healthcare fell over 1?ch. Broader market indices were down. Mid-cap indices fell around 1?ch, and small-cap indices fell 0.3-0.5%. 

 

In the Nifty 200, Adani group cos – Adani Green Energy, Adani Ports and Special Economic Zone, and Adani Power – rose around 3?ch. The gains came after the stocks fell sharply Monday. Meanwhile, Prestige Estates Projects was the worst-hit stock in both the Nifty 200 and Nifty 500 indices, down over 4%. Vardhman Textiles gained 11%, the best performer among Nifty 500 constituents.  (Adhithya Aji)

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Equity Alert: Asian markets down on rising crude oil, West Asia war worries

 

MUMBAI--0825 IST--Major Asian equity indices opened lower Tuesday, weighed down by elevated crude oil prices amid heightened tensions between the US and Iran, and concerns over a US Federal Reserve rate hike. The November Brent crude futures contract rose nearly 3% from Monday's lows to more than $91 per barrel.

 

Hong Kong's Hang Seng Index was hit hardest in the region, down more than 1%. Heavyweights Alibaba Group Holding and Tencent Holding fell nearly 4% and 3%, respectively. In Japan, the benchmark Nikkei 225 index was down while the broader market, Topix, rose. South Korea's Kospi was down nearly 1%. 

 

Japan's 10-year yield touched a 30-year high of 2.965% Tuesday. Earlier, the US 10-year Treasury yield crossed 4.75% for the first time since 2025. Expectations for a rate hike by the US Federal Reserve have increased since Chair Kevin Warsh's hawkish comments at the Jackson Hole symposium on Friday. Further, Bank of Japan Deputy Governor Ryozo Himino has also indicated that interest rates could be raised going forward. The Bank of Japan's next monetary policy meeting is scheduled for Sept. 17–18.

 

Japan's Nikkei fell for the second straight day, followed by overnight losses in US markets. Technology and artificial intelligence-related stocks were down in the region. Tokyo Electron and Fujikura were down over 3% and nearly 4%, respectively.
 

The following are the levels of key indices in the region at 0820 IST:

 

Index	Level	Change in %
Nikkei 225 Day	66050.33	(-)0.4
TOPIX FIRST SECTION	4177.85	0.5
S&P/ASX 200 Index	9049.30	(-)0.3
KOSPI Index	6771.60	(-)0.7
Hang Seng Index	25264.27	(-)1.2
CSI 300 Index	4610.38	(-)0.3
FTSE Singapore Strait Times	5711.13	(-)0.8

 

(Vidhi Thacker) 

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Equity Alert: Indices to have subdued start as crude oil rises above $91/bbl

 

MUMBAI--0812 IST--Indices are expected to have a subdued start Tuesday with crude oil above $91 per barrel and the ongoing war between the US and Iran in West Asia. Higher crude oil prices are expected to weigh on sentiment, while investors will analyse the higher-than-expected June quarter India GDP numbers. Tracking global peers, most Asian indices opened lower, and Wall Street indices ended lower, tracking higher crude oil and fresh escalations in West Asia.

 

The GDP growth for the June quarter stood at 7.8%, according to the government data. This was higher than expectations of 7.2%, according to an Informist Poll. "GDP growth has remained resilient despite geopolitical tensions, while high-frequency indicators suggest that domestic growth momentum continues to hold up," Nirmal Bang Institutional Equities said in a report. This evidence of broad-based inflation should allow the Reserve Bank of India to keep the interest rates unchanged in the near term. "However, with emerging signs of inflation broadening, Feb-27 could emerge as the key risk window for a potential rate hike," the brokerage said. 

 

The index remained rangebound for 11 consecutive sessions. "Going forward, sustained trading below 23980 spot could drag it toward 23900 spot levels, followed by 23750," Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market, said. On other hand, a sustained rise above 24200 could take the Nifty 50 to 24380, according to Kumar.

 

Shares of the Nifty 50 constituent Sun Pharmaceutical Industries are expected to be in focus Tuesday. The pharmaceutical company signed a pact with the US government to extend "Most Favored Nation" pricing. The company will extend "Most Favored Nation" to the country's Medicaid programmes. "Sun Pharma also commits to MFN pricing for future innovative medicine launches," the company said in a press release.  (Adhithya Aji)

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Equity Alert: US indices fall on West Asia war escalation, 10-yr yld above 4.75%

 

MUMBAI--0740 IST--Major US indices closed lower after fresh attacks between the US and Iran pushed crude oil prices higher and raised inflation worries. Benchmark US Treasury yields rose as investors processed the speech of US Federal Reserve Chair Kevin Warsh Friday at the Jackson Hole Symposium. The US 10-year treasury yield topped 4.75% for the first time since January 2025.

 

The November futures contract of Brent Crude Oil closed nearly 3% higher at $90.49 per barrel after the US attacked Iran for the first time since late July. Iran had retaliated by attacking US bases in Jordan. "The world's got enough oil for what it needs, and $80 to $90 is not so restrictive that it collapses the economy. Today's indication just puts us at the high end of that range, but it doesn't change our outlook for the consumer, for business, for AI, manufacturing reshoring or continued electrification of the economy," Tom Hainlin, US Bank Asset Management's national investment strategist, told CNBC.

 

Monday, the Dow Jones Industrial Average was the worst hit among its peers, closing nearly 1% lower. Index heavyweights Microsoft Corp. and UnitedHealth Group were down around 1?ch. The Nasdaq Composite and the S&P 500 closed lower for the second straight session. Barring Tesla and Nvidia, the rest of the Magnificent Seven stocks ended in the red. 

 

On a monthly basis, all three indices closed higher. The Nasdaq Composite posted the highest monthly gains of the indices for August, up 4%, as trade in artificial intelligence stocks remained high. The Dow Jones was up for the fifth consecutive month. The blue-chip index has gained nearly 15% over this period. 

 

Following are the closing levels of key indices in the region:

 

Index	Level	Change in %
Dow Jones Industrial Average	53185.90	(-)0.7
NASDAQ Composite	26370.88	(-)0.1
S&P 500	7686.14	(-)0.3

 

(Vidhi Thacker)

 

US$1 = INR 94.83

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Himanshi Gupta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

 

Internet links:
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Reserve Bank of India - https://rbi.org.in
Controller General of Accounts, Government of India - https://cga.gov.in/
Government's Press Information Bureau - https://www.pib.gov.in

 

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