More Stories

Informist, Friday, Sept. 4, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: ESDS Software lists at 76% premium, doubles soon; hits upper cap

 

MUMBAI--1150 IST--Shares of ESDS Software saw a bumper listing on exchanges and more than doubled from its issue price. The stock were locked in the upper circuit at 908.40 per share on the National Stock Exchange. The stock listed at INR 757, nearly 76% premium to its issue price of INR 429, and saw extreme buying as soon as normal trading in the stock began post 1000 IST. The stock extended its gains and hit its upper circuit within 2 minutes of normal trading.

 

Over 15 million shares have changed hands on the exchange so far. At 1137 IST, the stock remained frozen at its upper circuit, which is 111% higher than the issue price.

 

The company's initial public offering was subscribed a whopping 136 times as on the final day of bidding Tuesday, with bids put for 1.7 billion shares against over 12 million shares on offer. ESDS Software Solution provides software solutions such as infrastructure-as-a-service and software-as-a-service to industries including banking, financial services, and insurance, public sector undertakings, and government entities. It had reported consolidated net profit of INR 1.2 billion on revenues of INR 4.7 billion for the financial year 2025-26 (Apr-Mar).  (Deesha Jadhav)

---

Equity Alert: BSE, brokers up; SEBI mulls tweaks in F&O end price norms

 

MUMBAI--1147 IST--Shares of exchanges and stockbrokers rose Friday after the Securities and Exchange Board of India proposed changes in futures and options settlement price norms. The market regulator Thursday said it will issue a consultation paper in the next one week proposing certain changes in the methodology for determination of settlement prices for futures and options contracts.

The matter is linked to the closing auction session, where the cash market closing price is calculated as the equilibrium price from orders punched in a 10-minute auction window starting at 1520 IST. SEBI's move is likely to aid BSE and stockbroking firms that saw volume impact.

 

The BSE's and NSE's July cash and option premium average daily turnover fell 10.8% and 27.4%, respectively, according to ICICI Securities. Brokers also felt the impact. Angel One reported a 12.2% month-on-month fall in its July average daily orders. Groww-operator Billionbrains Garage's derivative average daily turnover was down 8.7% in July. The brokerage said the new closing auction session is likely to have hit volumes. "While the impact of new regulations creates a near-term overhang on volumes, as evident from trends in Q2 thus far, our view remains constructive," the brokerage said in a report. 

 

SEBI's proposal to bring changes in the determination of settlement prices might help in reviving volumes. SEBI said it has closely monitored the functioning of the closing auction session and its impact on the market during the first month of its operation. The regulator said it received feedback and suggestions from various market participants and stakeholders through multiple channels, including social media and other media platforms. Among the issues raised, a significant area of feedback relates to the determination of settlement prices of derivative contracts on expiry based on the closing price determined through the closing auction session. 

 

At 1206 IST, shares of BSE were nearly 4% higher at INR 3,423.40. Shares of Billionbrains Garage Ventures rose over 2% to INR 194.35, and those of Angel One rose nearly 6% to INR 302.70.  (Adhithya Aji)

---

Equity Alert: Cable makers down 3-8% on risk from UltraTech entry in sector 

 

MUMBAI--1112 IST--Shares of wires and cable makers--KEI Industries, Polycab India, Havells India, and RR Kabel--fell 3–8%. These stocks were down amid concern about hit to their businesses after UltraTech Cement launched its wires and cable business and announced plans of large capital expenditure to gain market share in the segment. KEI Industries, Havells India, and R R Kabel hit their lowest level in over a month, while Polycab India dropped to its lowest level in nearly four months.

 

Thursday, UltraTech Cement introduced its wires and cable business, Ultravolt, with plans to invest INR 18 billion. "Considering UltraTech's intent, we believe aggressive pricing and higher channel investments (to build market share) could result in pricing/margin pressure for incumbents," Nuvama Institutional Equities said in a report. The brokerage said UltraTech's entry could impact the existing cable makers' gross margin by 150–200 basis points, which is higher than the company's earlier expectations of 100-150 basis point hit.

 

While UltraTech has laid out plans to invest INR 18 billion on the cable and wire business, Nuvama argues the company may end up spending INR 50 billion-INR 60 billion. "While this remains an estimate rather than management guidance, the company has ample financial flexibility to fund such expansion," it said.

 

Shares of cable makers have faced selling recently when the news around UltraTech's plans picked up pace. Shares of the four cable makers were down 7-15% since UltraTech on Monday announced it started producing wire and cables at its new facility in Gujarat. KEI Industries was the worst hit stock during this period. (Ayush Jaiswal)

---

Equity Alert: Mkt rises further as index-heavyweights extend gains; RIL up 2%

 

MUMBAI--1059 IST--Benchmark indices gained further as financial services stocks extended their gains along with select other stocks. Index-heavyweights Reliance Industries and HDFC Bank rose further and pushed the Nifty 50 higher. However, information technology stocks came off opening highs. At 1058 IST, the Nifty 50 was at 23961.45 points, up 88 points, or 0.4%, and the BSE Sensex was at 76733.25 points, up 580.39 points, or 0.8%. 

 

Index-heavyweight Reliance Industries was over 2% higher, while HDFC Bank rose nearly 1%, helping lift the Nifty 50 index. Life insurance constituents in the Nifty 50 index – HDFC Life Insurance Co., and SBI Life Insurance Co. -- rose further by over 2?ch and were the top gainers in the index. Adani Enterprises and Trent gained further as well, and were up nearly 2% and 1%, respectively. Among IT stocks, except for Wipro, which was 1% up, all the others erased earlier gains. Infosys and TCS were flat, while HCL Technologies was down nearly 1%.   

 

Nestle India stocks reversed its losses and traded 0.2% up. Steel companies Tata Steel and JSW Steel also came off lows and were trading nearly 1% higher. Eicher Motors was the worst hit stock, down 1%. Adani Ports and Special Economic Zone recovered from the red and was up 0.4%. Shares of FMCG major Hindustan Unilever turned green and was 0.3% higher. The company guided its earnings before interest, tax, depreciation, and amortisation to be 22-24% in the medium term, and plans to raise its capital expenditure to 3% turnover from 2% turnover in the past five years.     

 

Cable and wire makers such as KEI Industries, Polycab, Havells India and RR Kabel were down 3–7%. KEI Industries and Polycab were the worst hit stocks in both the Nifty 200 and 500 indices. Brokerages expect cables and wires companies' stocks to face near-term pressure due to competition. Analysts are of the view that Aditya Birla group-owned UltraTech can deploy more capital, build distribution and leverage its established relationships across the construction ecosystem. Shares of UltraTech Cement traded 0.5% higher.

 

BSE sustained its position as the top gainer in the Nifty 200 index and traded over 4% higher. HBL Engineering was the top gainer in the Nifty 500 index and shares of the company traded over 8% higher. The broader markets were in green, with the smallcaps 0.2-0.4% higher and the midcaps flat. Indices tracking sectors showed a mixed performance. Nifty India Defence was 1.2% higher and Nifty Pharma was 0.5% lower. Ugar Sugar Works fell nearly 8?ter the Karnataka pollution board directed the company to shut down its plant at Ugar Khurd. (Utthara E. S.)

---

 

Equity Alert: Indices open higher on global cues; IT shrs shine, RIL up 1%

 

MUMBAI--0936 IST--Benchmark indices opened higher Friday tracking positive global cues. All the global markets rose as US bond yields fell after Federal Reserve Governor Christopher Waller played down the interest rate hike expectations. Information technology companies were the major gainers in the indices. The heavyweight Reliance Industries rose over 1% and lent support to the 50-stock index. At 0934 IST, the Nifty 50 was at 23913.45, up 40 points or 0.2%, and the BSE Sensex was at 76585.36, up 432.50 points or 0.6%. 

 

IT majors Tech Mahindra, Tata Consultancy Services, Wipro, and Infosys gained around 1?ch. InterGlobe Aviation, Trent, Dr. Reddy's Laboratories, Jio Financial Services, and HDFC Life Insurance Co. rose around 1?ch. HDFC Bank was up nearly 1%, and held the Nifty 50 higher. On the other hand, Eicher Motors fell 1% and was the worst hit stock in the index. Maruti Suzuki India, Nestle India, and Cipla fell around 1?ch. These stocks that are not part of the Sensex weighed down on the Nifty 50, creating a divergence between the benchmark indices. The Nifty was rose 0.2%, and the Sensex was up 0.6%.

 

All the broader market indices opened higher. Smallcaps rose 0.3-0.4% and midcaps gained 0.1?ch. Among the sectoral indices, Nifty IT was the top gainer, up nearly 1%. Meanwhile, Nifty Consumer Durables fell the most and was down 0.4%. In the Nifty 200, BSE was the top gainer and was up nearly 5%. The shares rose after the Securities and Exchange Board of India proposed changes in futures and options settlement price norms. Lenskart Solutions, Billionbrains Garage Ventures, and Tata Communications rose 2-3%.     

 

Cables and wire makers traded lower following the entry of UltraTech Cement into the segment. Shares of KEI Industries, RR Kabel, Polycab India, and Havells India fell 3-7%. UltraTech Cement Thursday launched its cables and wires business worth INR 18 billion under the brand "Ultravolt". This is expected to add pressure on the stocks of other players in the sector as UltraTech Cement aims to become the second-largest company in the segment. "To achieve the top-two position, we estimate that UltraTech could eventually need to invest INR50–60 bn (INR 50 billion to INR 60 billion) substantially above its initial INR 18 bn investment guidance," Nuvama Institutional Equities said in a report. Shares of UltraTech Cement was up nearly 1%.

 

HBL Engineering rose nearly 6% and was the top gainer among the Nifty 500 constituents. HFCL, IFCI, and Angel One rose around 5?ch in the index.  (Adhithya Aji)

---

Equity Alert: Asian indices up Fri; yen up against US dollar  

 

MUMBAI--0820 IST--Major Asian indices were up Friday after US Federal Reserve Governor Christopher Waller said he is leaning towards keeping interest rates unchanged at the Fed's policy meeting later this month. The yen was up against the dollar after Bank of Japan policy board member Hajime Takata and US Treasury Secretary Scott Bessent publicly supported policies for a stronger yen, according to a Dow Jones Newswire report.

 

"If there is continued progress toward our 2% goal, then I am willing to support holding the policy rate at its current level," Waller told Reuters. However, "If inflation comes in hot, I would consider a rate hike," he added. 

 

Hong Kong's Hang Seng was the top gainer in the region, up more than 2%, while mainland China's CSI 300 was up nearly 1%. Shares of Hang Seng heavyweight Alibaba Group rose nearly 4%. Tencent Holdings and AIA Group were also up over 2?ch. Japan's Nikkei 225 was up nearly 1%, while its Topix First Section was down marginally. The Nikkei was up on gains in technology and financial stocks. Shares of SoftBank Group were up over 10%, while Fujitsu and Nomura Holdings were up around 2?ch.    

 

The following are the levels of key indices in the region at 0755 IST:

 

Index	Level	Change in %
Nikkei 225 Day	64729.18	0.8
TOPIX FIRST SECTION	4090.35	(-)0.3
S&P/ASX 200 Index	9007.30	(-)0.1
KOSPI Index	6648.53	1.1
Hang Seng Index	25743.24	2.1
CSI 300 Index	4590.12	0.8
FTSE Singapore Strait Times	5794.04	0.8

 

(Vidhi Thacker)

---

Equity Alert: Indices to open in green as positive global cues may aid 

 

MUMBAI--0822 IST--Indices are expected to start on a positive note Friday as global cues are expected to aid sentiment. Global peers were in green after Federal Reserve Governor Christopher Waller played down the interest rate hike expectations. Most Asian indices opened higher Friday and the Wall Street indices ended higher Thursday. However, crude oil prices remained elevated around $96 per barrel. 

 

Stock markets were in the green globally after US Federal Governor Waller said if upcoming data showed that inflation pressure was easing, he will be inclined to support keeping interest rates steady. This sparked a positive sentiment, after which 10-year US bond yields fell 3.8 basis points to 4.756%. Now a little over 50% of market participants expect the US Fed to raise interest rates to 3.75-4.00%, according to the CME FedWatch tool. 

 

On Monday, Nifty 50 ended 0.2% lower at 23873.45. "The index has multiple supports in the 23600–23800 spot zone, while immediate resistance is placed around the 24000 spot level," Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market, said. Crossing and sustaining above 24000 would be a positive development that could lead the index towards 24200, Kumar said. 

 

The Indian market is expected to do better on the back of better-than-expected June quarter earnings, and the coming quarters are also expected to do well, said an independent research analyst. Foreign institutional investors have been net buyers of Indian equity, and their selling has stopped now. Both an earnings boost and overseas investor buying should help domestic equities to do better. "But having said that it's also a fact that the high crude oil prices could puncture this rally to some extent," the analyst added.  (Adhithya Aji)

---

Equity Alert: US mkts up Thu; Fed's Waller hints support to keep rates unch

 

MUMBAI--0735 IST--Major US indices ended higher Thursday for the second consecutive session as concern about an interest rate hike eased after US Federal Reserve Governor Christopher Waller said he was leaning towards keeping the rates steady at the Fed's policy meeting later this month if the inflation data showed that price pressures were lowering. Expectations of a rate hike at the September meeting were down to 50% from 63% just a day earlier, according to the CME FedWatch tool.   

 

Yields on the US 10-year Treasury bonds were down at 4.77?ter hitting their highest level since November 2023 on Wednesday, according to a CNBC report. The November futures contract of crude oil ended lower on Thursday and were around $96 per barrel Friday. Rising crude oil prices have put upward pressure on Treasury yields as investors worry that energy prices will push inflation up and lead to increased interest rates, the CNBC report added.   

 

Thursday, all three major US indices closed over 1% higher. The Nasdaq composite was supported by gains in the "Magnificent Seven" with shares of Tesla gaining over 5%, while Meta Platforms and Microsoft Corp. were up around 3?ch. Shares of Nvidia closed nearly 2% higher after the company said it would buy developer platform Hugging Face for $12.9 billion, according to a Reuters report. Shares of chipmaker Broadcom ended nearly 3% lower after the company reported a lower-than-expected revenue forecast for the quarter ending November.   

 

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

 

Index	Level	Change in %
Dow Jones Industrial Average	53686.11	1.2
NASDAQ Composite	26584.06	1.4
S&P 500	7747.71	1.1

 

(Vidhi Thacker)

 

US$1 = INR 94.48

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

 

Edited by Akul Nishant Akhoury

 

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:
Securities and Exchange Board of India - https://www.sebi.gov.in
Bombay Stock Exchange - https://www.bseindia.com
National Stock Exchange of India - https://www.nseindia.com
Directory of Indian government websites - https://igod.gov.in/
Indian Ministry of Finance - https://igod.gov.in/organization/Ic4zv3QBGZk0jujBKgGW
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

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.