Nifty 50 opened at 24,991.00, up by 122.40 points or 0.49% from its previous close of 24,868.60. Bank Nifty opened at 54,554.75, gaining 338.65 points or 0.62% from its previous close of 54,216.10. Sensex opened at 81,504.36, up by 403.04 points or 0.50% from its previous close of 81,101.32. GIFT Nifty is currently trading at 25,044.00.
Global index as on 10 September 2025
- DOW 30 rose by 196.39 points, up 0.43% to 45,711.30.
- S&P 500 increased by 17.46 points, gaining 0.27% to reach 6,512.61.
- NASDAQ advanced by 80.79 points, up 0.37% to 21,879.50.
- FTSE 100 climbed by 21.09 points, up 0.23% to 9,242.53.
- DAX fell by 88.68 points, declining 0.37% to 23,718.40.
- NIKKEI 225 gained by 225 points, up 0.52% to 43,684.29.
Global markets ended mixed as Wall Street indices closed higher with the Dow, S&P 500, and Nasdaq advancing, while Europe’s DAX slipped even as the FTSE 100 gained. In Asia, Japan’s Nikkei 225 rose strongly, adding to the positive sentiment.
Commodities Update
- Gold: Currently trading at Rs. 11,029 per gram.
- Silver: Up by Rs. 0.10, now at Rs. 130.10 per gram.
- Crude Oil: Prices have risen by 0.71%, reaching 66.745, compared to the previous close of 66.275.
Global events/updates
U.S. President Donald Trump has called on the European Union to impose tariffs of up to 100% on China and India in response to their ongoing purchases of Russian oil, aiming to increase pressure on Moscow to end the Ukraine conflict. Washington signaled its readiness to “mirror” any such EU tariffs, reflecting its growing frustration over stalled peace efforts with Russia.
The proposal represents a sharp escalation in trade tensions, as India and China remain two of Russia’s largest oil buyers, and comes amid heightened diplomatic efforts following recent meetings between Russian, Indian, and Chinese leaders.
A federal judge has temporarily blocked President Trump from firing Federal Reserve Governor Lisa Cook as her lawsuit over the termination proceeds, ruling that the alleged mortgage fraud predates her time at the Fed and does not qualify as legal grounds for removal under federal law. The decision upholds the Fed’s independence and means Cook remains in her role for now while the case continues.
Stocks to watch
- Mahindra & Mahindra reported a 15% year-on-year growth in August exports to 3,575 units, while overall sales declined by 1% to 74,027 units compared to the previous year.
- Blue Jet Healthcare promoter Akshay Bansaril Arora plans to sell a 3.42% stake through an Offer for Sale (OFS) on September 10 and 11, with an additional 3.42% stake to be sold via the oversubscription option.
- Eicher Motors Royal Enfield announced it will pass the entire GST benefit to customers, reducing prices by up to ₹22,000 across the entire 350 cc model range.
- Bajaj Auto announced it will pass the full benefit of a recent GST reduction to customers, leading to price cuts of up to ₹20,000 on two-wheelers and up to ₹24,000 on three-wheelers.
- Cupid has signed a term sheet to acquire a strategic stake in Mansam, a Saudi Arabian luxury fragrance brand launched in 2022.
- HEG’s associate, Bhilwara Energy, has acquired the remaining 49% minority stake in Malana Power Company Ltd from Statkraft, becoming the sole owner. Additionally, Bhilwara Energy approved a preferential allotment of 1.7 crore shares at ₹142.08 each to Singularity Growth Opportunities Fund II and other investors.
- Mamata Machinery secured a second export order for a 9-layer blown film plant under its Co-Extrusion segment, valued at approximately $1.17 million.
- Sterling and Wilson Renewable Energy secured a new domestic order via a letter of intent worth approximately ₹415 crore for a 300 MW AC / 420 MWp DC solar PV project in Rajasthan.
- Sri Lotus Developers has been appointed as the developer for an ultra-luxury redevelopment project in Bandra West, Mumbai, situated near the Bandstand Promenade.
- Samvardhana Motherson International completed the acquisition of the remaining 25% stake in two of its Turkish joint ventures: SMR Plast Met Molds And Tools Turkey and SMR Plast Met Automotive Tec Turkey, making them wholly-owned subsidiaries.
- Crisil has agreed to extend a loan of up to $30 million to its wholly-owned subsidiary, CRISIL Irevna UK, to support its business operations and strategic growth initiatives.
- Arvind, in collaboration with H&M Group and Deven Supercriticals, inaugurated India’s first supercritical CO₂ dyeing machine, named SUPRAUNO, at its Ahmedabad facility, marking a technological milestone in sustainable textile processing.
- Thermax invested ₹115 crore in its subsidiary, First Energy, which further deployed these funds into its wholly-owned unit, First Energy 10 Private Ltd., to complete an equity share allotment.
- Insolation Energy: The company has incorporated three wholly owned step-down subsidiaries to develop solar power plants.
- ICICI Prudential: The board is scheduled to meet on September 12 to consider raising funds through the issuance of Non-Convertible Debentures (NCDs).
- Sun Pharma: The US FDA has classified the Halol facility under “Official Action Indicated,” placing it under import alert and resulting in a ban on shipments from the facility to the US.
- UCO Bank: The bank’s Asset Liability Management Committee has reviewed benchmark rates and decided to cut the MCLR by 5 to 10 basis points across all tenures, effective from September 10.
- Godrej Properties: The company provided an update regarding a dispute over “Project Anandam” in Nagpur. The arbitration award largely dismissed the opposing party GoldBricks Infrastructure’s claims of ₹1,366 crore, while partially allowing claims worth ₹240.8 crore. The company is now consulting legal experts to challenge the award at the Bombay High Court.
- Indef Manufacturing: The company has completed the acquisition of an 80% stake in Daedalus Lift & Access Equipments for ₹5 crore.
Key cues to watch on September 10, 2025
In India
- Release of August AMFI and SIP data.
Global Cues
- U.S.:
Release of Wholesale Inventories and Producer Price Index (PPI) data. - China:
Release of Producer Price Index (PPI) and Consumer Price Index (CPI) data.
Corporate Action
- Keystone Developers (Rustomjee) is planning fundraising through debenture issuance.
- Last day to buy shares of Patanjali Foods to be eligible for a 2:1 bonus issue.
- Astra Microwave, Campus Activewear, Force Motors, Gujarat State Petronet, and PNB Gilts will trade ex-dividend.
AGMs
- Prestige Estates, Saregama, Aurobindo Pharma, Asahi India, eClerx Services, Westlife Foodworld, and Equitas Small Finance Bank are holding their Annual General Meetings.
Upcoming IPOs
- Urban Company IPO
- Shringar House of Mangalsutra IPO
- Dev Accelerator IPO
Other Important Events
- European Commission President Ursula von der Leyen will deliver the annual State of the Union address to the European Parliament.
- SEMICON Taiwan 2025 event will be ongoing.
Quarterly Earnings
Vikram Solar Ltd Q1
The company reported strong year-over-year (YoY) growth in its financial performance for Q1FY26 compared to Q1FY25. Sales surged by 80% to ₹1,134 crore in June 2025, up from ₹631 crore a year earlier. EBITDA increased by 117%, reaching ₹242 crore versus ₹111 crore in Q1FY25. Most notably, net profit skyrocketed by 484%, hitting ₹133 crore compared to ₹22.8 crore in the same period last year.
Stocks Trade Ex-Dividend
- Credo Brands Marketing
- Campus Activewear
- Sandur Manganese & Iron Ores
- Share India Securities
- Force Motors
- Gujarat State Petronet
- Sigma Solve
- ZR2 Bioenergy
- Indobell Insulations
- Astra Microwave Products
- Kitex Garments
- PNB Gilts
Bulk Deal
Voltamp Transformers
In a significant bulk deal, promoter Kunjal Lalitkumar Patel sold 7,88,686 shares, representing a 7.8% stake in Voltamp Transformers, at ₹7,605.91 per share, amounting to approximately ₹599.86 crore.
On the buying side, several institutional investors, including Aditya Birla Sun Life Insurance Company, Prudential Assurance Company, UTI Small Cap Fund, Bajaj Allianz Life Insurance Company, and Citigroup Global Markets Mauritius, acquired a total of 4,77,770 shares, equivalent to a 4.72% stake, for around ₹363.33 crore.
Foreign Institutional Investors (FII) cash market recorded a net inflow of ₹2050.46 crore, indicating that FIIs were net buyers in the cash segment. Domestic Institutional Investors (DII) cash market saw a net inflow of ₹83.08 crore, showing modest buying activity by domestic investors.
In the derivatives segment for FIIs
- FII Index Futures had a net inflow of ₹280.24 crore, suggesting bullish positioning in index futures.
- FII Stock Futures experienced a net outflow of ₹251.42 crore, indicating a reduction in positions on individual stock futures.
- FII Index Options saw a significant net outflow of ₹5498.63 crore, pointing to large unwinding or selling of index option positions.
- FII Stock Options recorded a net inflow of ₹156.00 crore, showing added exposure in individual stock options.4
Written by Manideep Appana
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