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Informist, Tuesday, Sept. 8, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Nifty 50 hits over-one-month low;  index heavyweights fall

 

MUMBAI--1030 IST--Nifty 50 hit an over-one-month low of 23657.15 points Tuesday as index heavyweights and financial services companies declined. However, defence stocks remained higher. At 1040 IST, the Nifty 50 was at 23670.90, down 108.25 points, or 0.5%, and the BSE Sensex was at 75721.55, down 411.26 points, or 0.5%.

 

Index heavyweights ICICI Bank, HDFC Bank, and Reliance Industries fell around 1?ch as did Shriram Finance, Axis Bank, and SBI Life Insurance Co.

 

Defence major Bharat Electronics was the top gainer, up 2% in the Nifty 50 index. Metal companies Hindalco Industries and JSW Steel gained 2% and 1%, respectively. Coal India, Tech Mahindra, State Bank of India, and Grasim Industries came off lows and were trading 0.1–0.3% higher. The fast-moving consumer goods stocks Hindustan Unilever and Nestle India rose by a sharp 1%. Adani Ports and Special Economic Zones was up 0.5%.

 

The broader markets were mixed. The Nifty Smallcap 250 rose 0.1%, while the Nifty Smallcap 100 and Nifty Smallcap 50 were flat. Midcap indices were down 0.1?ch. Indices tracking sectors were also in the red with Nifty Realty down 1%. Nifty India Defence was up 1.3% with Data Patterns trading over 4% higher. Shares of BEML were up over 4% and Paras Defence and Space Technologies was up 3%. The stocks traded higher on the positive sentiment of defence acquisitions approval worth INR 1.10 trillion by the government.

 

GE Vernova T&D India rose 8% and remained the top gainer in both Nifty 200 and Nifty 500 indices. Shares of The New India Assurance Co. and IFCI saw a steep fall, down 10% and 6%, respectively. Shares of Symphony rose 10?ter the company announced its plan to expand its portfolio into the room air conditioner, ceiling fan and air purifier markets. (Utthara E. S.)

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Informist, Tuesday, Sept. 8, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Deepa Jewellers lists at 25% premium to the issue price on NSE

 

MUMBAI--1006 IST--Shares of Deepa Jewellers saw a strong debut on exchanges. The stock listed at INR 221 on the National Stock Exchange, reflecting a nealy 25% premium to the issue price of INR 177. At 1005 IST, shares of the company came off the opening highs and traded at INR 201.30 apiece, up nearly 14% on the NSE. Over 15 million shares changed hands on the exchange so far.

 

The company's initial public offering was subscribed 42.61 times as of the final day of the issue Thursday, with bids placed for over 789 million shares against over 18 million shares on offer. Deepa Jewellers is an organised business-to-business designer, processor, and supplier of hallmarked gold jewellery, operating primarily in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala. It had reported net profit of INR 1.05 billion on revenues of INR 19.27 billion for the financial year 2025-26 (Apr-Mar).  (Deesha Jadhav)

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Equity Alert: Mkt open dn as crude stays above $97/bbl; defence cos rise

 

MUMBAI--0945 IST--Benchmark indices opened lower Tuesday as elevated crude oil prices weighed on investor sentiment. The November futures of crude were above $97 per barrel. Financial services companies were the major laggards in the indices Tuesday. Defence stocks opened higher after the government approved acquisition proposals worth INR 1.10 trillion. The broader market indices were in red. At 0938 IST, the Nifty 50 was at 23691.15, down 88 points or 0.4%, and the BSE Sensex was at 75781.74, down 351.07 points or 0.5%.

 

Defence major Bharat Electronics was the top gainer among the Nifty 50 constituents, up nearly 2%. Aluminium producer Hindalco Industries and HDFC Life Insurance Co. rose over 1?ch. On the other hand, financial services companies Shriram Finance, Bajaj Finance, and Axis Bank fell around 1?ch. Automobile companies Tata Motors Passenger Vehicles, Maruti Suzuki India, and Mahindra & Mahindra fell over 1?ch. Fashion retail company Trent fell nearly 2% and was worst hit stock in the index.

 

Broader market indices fell. Midcap indices were down 0.1-0.2%, while smallcap indices fell 0.1?ch. Nifty Realty was the under performer among the sectoral indices, down nearly 1%. Nifty IT was down 0.7%. In contrast, Nifty Metal rose 0.4%, while Nifty India Defence rose over 1%.

 

Defence stock opened on a positive note after the Defence Acquisition Council, headed by Defence Minister Rajnath Singh, accorded an in-principle administrative approval to various acquisition proposals of the defence forces on Monday at an estimated cost of about INR 1.10 trillion. The government said that of the total approvals accorded, approximately 98% of procurements will be made from Indian industry. Most constituents in the Nifty India Defence traded higher. Data Patterns (India), BEML, Axiscades Technologies, Paras Defence and Space Technologies, and Hindustan Aeronautics rose 3-4%.

 

"These approvals strengthen medium-to-long term order visibility for Indian defence manufacturers, with the high domestic sourcing component providing opportunities across platforms, electronics and critical systems," ICICI Securities said in a note. 

 

Shares of GE Vernova T&D India rose over 6% and was the top gainer in both the Nifty 200 and Nifty 500 indices. The shares rose after state-owned Power Grid Corp. of India named the company as the lowest bidder for 6 gigwatts terminal station. Hitachi Energy India fell over 3%. The New India Assuarnce fell nearly 9%.  (Adhithya Aji)

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Equity Alert: Seen range-bound as high crude oil prices weigh on sentiment

 

MUMBAI--0812 IST--Equity indices are expected to move in a range Tuesday as higher crude oil prices weigh on sentiment amid the war in West Asia. November Brent crude futures were over $97 per barrel and are likely to weigh on investor sentiment. The Nifty 50 might see some volatility Tuesday due to the weekly futures expiry, technical analysts said. Defence stocks will be the centre of attraction after the government approved acquisition proposals worth INR 1.10 trillion.

 

At 0723 IST, November Brent futures were up 0.2% at $97.15 per barrel. This is more than 33?ove the pre-war levels. Analysts said crude oil will stabilise only if there is more clarity on the war in West Asia ending. Moreover, crude oil levels are significantly higher than what is comfortable for India, a net importer of oil. Analysts see a comfortable level for crude oil for India at around $75-$80 per barrel.

 

On Tuesday, the possibility of a bounce-back in the Nifty 50 to the 24000 mark cannot be ruled out, according to Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market. "Moving forward, a cross and sustenance above 24000 is essential for a sustained move toward 24200, followed by the 24350 level," Kumar added. Some technical analysts echoed this view, saying the Nifty 50 might bounce back as the index is now in an oversold position. On Tuesday, the Nifty 50 might see some volatility owing to the weekly futures expiry, analysts said.

 

Defence stocks will be in focus today after the Defence Acquisition Council, headed by Defence Minister Rajnath Singh, accorded in-principle administrative approval to various acquisition proposals of the defence forces on Monday at an estimated cost of about INR 1.10 trillion. The government said that, of the total approvals accorded, approximately 98% of procurements will be made from Indian industry.  (Adhithya Aji)

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Equity Alert: Asian indices mixed as crude oil prices rise for the third day

 

MUMBAI--0745 IST--Major indices in Asia were mixed as crude oil prices were up for a third consecutive day over fresh attacks between the US and Iran over the weekend. US President Donald Trump Monday said in a Truth Social post that oil prices would "drop precipitously" after the US wins the war with Iran, expecting it to drop $3 a gallon and ultimately $2 a gallon. He added that Iran will "never have a Nuclear Weapon." 

 

The November futures contract of Brent crude oil was up marginally at $97 per barrel Tuesday. US markets were closed for trading Monday for Labor Day. The Dow September futures contract was down nearly 0.6%.        

Investors expect the Bank of Japan to hike interest rates later this month after Japan's GDP growth for the June quarter was at an annualised 1.4%, above the initially expected 1.1%, according to a Reuters report. "Given that the April–June quarter was a period when the Middle East situation could have exerted downward pressure, the fact that growth ended up around this level is notable. It is not at all a situation where we need to worry about the economy... That means the Bank of Japan can definitely move ahead with rate hikes," Kento Minami, senior economist at Daiwa Securities, told Reuters.

 

Investors expect a 98% chance of a 25-basis-point hike to 1.25% by the Bank of Japan at its September meeting, according to the Reuters report. Traders also expect another 25 bps hike at the January meeting. 

 

Tuesday, the South Korean Kospi was the region's top gainer, rising over 1%. Shares of heavyweights SK Square, SK Hynix, and Samsung Electronics were up 2–4%. Japan's Nikkei 225 was up marginally, while Topix was down around 0.4%. SoftBank Group Corp shares supported the Nikkei and were up nearly 6%. Mainland China's CSI 300 Index was nearly flat, and Hong Kong's Hang Seng was down 0.5%.   

 

The following are the key levels of indices in the region at 0715 IST:

 

Index	Level	Change in %
Nikkei 225 Day	66507.08	0.2
TOPIX FIRST SECTION	4108.92	(-)0.4
S&P/ASX 200 Index	8956.30	(-)0.6
KOSPI Index	7082.20	1.2
Hang Seng Index	25279.83	(-)0.5
CSI 300 Index	4580.06	0.1
FTSE Singapore Strait Times	5766.67	(-)0.4

 

(Vidhi Thacker)

 

US$1 = INR 94.69

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

 

Edited by Deepshikha Bhardwaj

 

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

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Controller General of Accounts, Government of India - https://cga.gov.in/
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