Nifty 50 opened higher at 24,616.50, up 36.90 points (0.15%) from its previous close of 24,579.60, while Bank Nifty slipped to 53,630.75, down 30.25 points (0.06%) from 53,661. Sensex started at 80,295.99, gaining 138.11 points (0.17%) over its previous close of 80,157.88. Meanwhile, Gift Nifty was trading at 24,640.50. Indian markets opened mixed, with Nifty 50 and Sensex starting higher, while Bank Nifty edged lower. Gift Nifty traded slightly above the Nifty’s opening levels.
Global index as on 3 September 2025:
- Dow 30 fell 249.07 points (-0.55%) to 45,295.80, extending its downward trend.
- S&P 500 dropped 44.72 points (-0.69%) to 6,415.54, closing lower for the session.
- Nasdaq declined 175.92 points (-0.82%) to 21,279.60, marking the steepest fall among U.S. indices.
- FTSE 100 slipped 79.65 points (-0.87%) to 9,116.69, under pressure from global weakness.
- DAX tumbled 550 points (-2.29%) to 23,487.30, recording the sharpest loss among major indices.
- Nikkei 225 is currently trading at 42,173.78, losing 136.70 points (-0.32%)
- Asia-Pacific markets saw mixed performance on Wednesday as investors weighed climbing global bond yields and fresh trade developments.
- Attention was on Chinese markets after President Xi Jinping delivered a speech during a military parade marking the 80th anniversary of the end of World War II, attended by 26 world leaders including Russian President Vladimir Putin and North Korean leader Kim Jong Un.
Commodities Update
- Gold: Currently trading at Rs. 10,610 per gram.
- Silver: Up by Rs. 0.10, now at Rs. 126.10 per gram.
- Crude Oil: Prices have fallen by 0.07%, reaching 68.815, compared to the previous close of 68.865.
Global events/updates
- Australia’s economy grew at its fastest pace since September 2023 in the second quarter, outpacing expectations. GDP rose 1.8% year-on-year, beating the 1.6% forecast by Reuters-polled economists and improving from 1.3% in the prior quarter. On a sequential basis, GDP expanded 0.6%, slightly above the 0.5% projection.
- Chinese President Xi Jinping warned that the world stands at a crossroads between “peace or war” and “dialogue or confrontation.” U.S. President Donald Trump urged Xi to acknowledge America’s role in securing China’s freedom, while also accusing him of conspiring against the United States.
- The event featured a highly choreographed military parade displaying China’s latest domestically produced weapons and defense equipment.
Results Today
- Borosil Renewables, Eros International Media, and Taylormade Renewables are scheduled to announce their quarterly results today, September 3.
Stocks to watch
- Firstsource Solutions: Recognized as a Horizon 3 Market Leader in HFS Research’s HFS Horizons.
- Adani Power: Received approval from the Ministry of Coal to begin operations at the Dhirauli Mine in Madhya Pradesh, its first captive mine to get government clearance, with a peak capacity of 6.5 MTPA.
- TCS: Signed a €550 million, seven-year partnership with Tryg to drive growth through comprehensive digital transformation.
- UPL: Its subsidiary will acquire the Decco Post-Harvest business for an enterprise value of $502 million (Rs. 4,420 crore).
- CMS Info Systems: Confirmed that its 1,000-ATM order from IPPB is part of its previously announced Q1 order book.
- DCM Shriram: Entered a long-term chlorine supply agreement with Aarti Industries.
- E2E Networks: Secured a Rs. 177 crore government order for GPU resource allocation.
- SBI: Issued a $500 million senior unsecured fixed-rate bond with a five-year maturity and a 4.50% semi-annual coupon, via its London branch. The bonds will be listed on the Singapore Stock Exchange and NSE-IX.
- Quadrant Future: Won a Rs. 129 crore Letter of Award from RailTel for supplying, installing, and commissioning KAVACH equipment.
- Hexaware: Achieved AWS Premier Tier Status in the Amazon Web Services Partner Network.
- Adani Energy Solutions: Its subsidiary repurchased $44.66 million of 2031 senior notes, cancelling the debt using internal cash flows, and incorporated a new wholly owned unit, Adani Energy Solutions Step-Fifteen.
- Vedanta: Fully repaid a $100 million loan taken by Vedanta Resources Ltd. from Canara Bank, resulting in the release of share encumbrances.
- Crompton Greaves: Secured a Rs. 4.2 crore order for 159 solar photovoltaic water pumping systems.
- Yes Bank: The Competition Commission of India (CCI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) proposal to acquire up to a 24.99% stake, making the Japanese lender the bank’s single-largest shareholder. The deal had previously received RBI approval.
- CE Info Systems (MapmyIndia): Completed the acquisition of a 96% stake in Gtropy Systems Private Limited for Rs. 24.99 crore.
- NDTV: The board approved raising up to Rs. 400 crore via a rights issue of fully paid-up equity shares. The rights issue price, entitlement ratio, and record date will be finalized at the September 8, 2025 meeting.
- BHEL: Received a favorable order from the Commissioner CGST (Appeal), Dehradun, which nullified a Rs. 31.2 crore CGST demand for FY 2018-19 and 2020-21.
- Cupid: Reported a strong B2B export order book and a promising international order pipeline.
- PNC Infratech: Declared the lowest bidder (L-1) for a Rs. 297.01 crore project from Airports Authority of India (AAI) to develop Lal Bahadur Shastri International Airport, including runway extension and re-carpeting.
- Kirloskar Ferrous: Subsidiary ISMT Limited has been delisted from the Luxembourg Trade and Companies Register.
- Antony Waste: Incorporated a new step-down subsidiary, Kadapa Renew Energy Private Limited, to execute a 15 MW waste-to-energy project in Andhra Pradesh. Antony Waste holds a 73% stake.
- Aditya Birla Capital: Allotted Rs. 100 crore in secured Non-Convertible Debentures (NCDs) via private placement, with a tenor of 1,366 days and a zero-coupon rate.
- AFCOM Holdings: Board approved raising up to Rs. 200 crore through a Qualified Institutions Placement (QIP).
- Waaree Energies: Approved two acquisitions: a 64% stake in Kotsons Private Limited for Rs. 192 crore and 100% of Impactgrid Renewables Private Limited for Rs. 1 lakh.
- Indus Towers: The company’s board has approved its foray into African markets, starting with Nigeria, Uganda, and Zambia, with Bharti Airtel’s African business as the anchor customer.
- Lemon Tree Hotels: Signed three new properties, expanding its portfolio by 205 rooms.
- KPIT Technologies: Through its U.S. arm, invested $10 million in a SAFE instrument, granting rights to certain shares of Helm.ai’s capital stock.
- MOIL: Recorded its highest-ever August production at 1.45 lakh tonnes, up 17% YoY, and achieved strong sales of 1.13 lakh tonnes, a 25.6% YoY increase.
Quarterly Earnings
JSW Cement Q1 (Consolidated YoY)
The company reported a sharp widening of net loss to Rs. 1,356.2 crore from Rs. 15.1 crore, primarily due to an exceptional loss of Rs. 1,466.4 crore. Revenue, however, grew 7.8% to Rs. 1,559.8 crore, while EBITDA jumped 61.4% to Rs. 322.65 crore, with margins improving to 20.7% from 13.8%.
Bulk Deals
Vertis Infrastructure Trust Ltd
- Galaxy Investments II (sponsor owned by KKR Asia Pacific Infrastructure Holdings) offloaded 20.48 crore units (13.56%) at Rs. 98.01 per unit, worth Rs. 2,007.2 crore.
- 2452991 Ontario (owned by Ontario Teachers’ Pension Plan Board) sold 4.69 crore units (3.11%) at Rs. 98.02 per unit, totaling Rs. 460.4 crore.
- As per the latest unitholding pattern, Galaxy Investments II held 27.85%, while Ontario owned 25% in the InvIT.
- A group of 37 buyers, including ICICI Prudential MF, Max Life Insurance, Whiteoak Capital MF, LGT Wealth India, Ambit Wealth, Neo Wealth Partners, Dezerv Investments, MVS Ventures, LTIMindtree, 360 ONE Prime, L&T Technology Services, Kotak Mahindra Life Insurance, Larsen & Toubro, Tata AIG General Insurance, and Pico Capital, collectively acquired a 16.67% stake in the trust.
Bajaj Hindusthan Sugar Ltd
- BHL Securities Trust sold 1.58 crore shares (1.23%) at Rs. 21.83 per share, valued at Rs. 34.49 crore.
- Trustees Jayakumar Narayanswami, Nirad D Mehta, and Pankaj I Jain together held a 2.43% stake in the company as of June 2025.
Laxmi India Finance Ltd
- BofA Securities Europe SA divested 4,10,023 shares at Rs. 140 per share.
Net Avenue Technologies Ltd
- Somani Ventures and Innovations acquired 1.36 lakh shares at Rs. 4.10 per share.
- Inventus Capital Partners (Mauritius) sold 2.72 lakh shares at Rs. 4.01 per share.
- As of June 2025, Inventus Capital Partners (Mauritius) held a 10.12% stake in the company.
Mainboard Listing on September 3
- Vikran Engineering
- Anlon Healthcare
SME Listing on September 3
- Current Infraprojects,
- Sattva Engineering Construction
Stocks Trade Ex-Dividend
- Carraro India
- Concord Biotech
- GeeCee Ventures
- Prestige Estates Projects
- Patanjali Foods
- Asahi India Glass
- International Combustion India
- Kovilpatti Lakshmi Roller Flour Mills
- Prevest Denpro
- VST Tillers Tractors
- Yash Highvoltage
- Pokarna
FII & DII Market Activity Update
- The latest market activity shows a divergence in cash and derivatives trading between Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs):
Cash Market
- FII cash market: Net selling of Rs. 1,159.48 crore.
- DII cash market: Net buying of Rs. 2,549.51 crore.
Derivatives Market
- FII Index Futures: Net selling of Rs. 1,473.33 crore.
- FII Stock Futures: Net selling of Rs. 688.08 crore.
- FII Index Options: Net buying of Rs. 40,073.94 crore.
Written by Manideep Appana
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