Benchmark indices opened on a positive note, with Nifty, Bank Nifty, and Sensex starting the session higher, reflecting a firm market sentiment. Gift Nifty’s trade above spot levels further indicates a steady to mildly bullish outlook for the day.
- Nifty 50 opened at 24,653.00, up 27.95 points (0.11%) from the previous close of 24,625.05.
- Bank Nifty opened at 54,038.25, higher by 35.80 points (0.07%) compared to the previous close of 54,002.45.
- Sensex opened at 80,520.09, gaining 155.60 points (0.19%) from the previous close of 80,364.49.
- Gift Nifty is currently trading at 24,754.
Global index as on 2 September 2025:
- Dow 30 is trading at 45,544.90, down 92.02 points or 0.20%.
- S&P 500 is at 6,460.26, lower by 41.60 points or 0.64%.
- NASDAQ stands at 21,455.60, down 249.61 points or 1.15%.
- FTSE 100 is at 9,196.34, up 9.00 points or 0.10%.
- DAX is trading at 24,037.30, higher by 135.12 points or 0.57%.
- Nikkei 225 trading at 42.292.20 increased by 103.41 points, up 0.25%, leading global losses.
Commodities Update
- Gold: Currently trading at Rs. 10,589 per gram.
- Silver: Up by Rs. 0.10, now at Rs. 126.10 per gram.
- Crude Oil: Prices have risen by 0.29%, reaching 68.235, compared to the previous close of 68.035.
Global events/updates
Chinese President Xi Jinping is set to host the largest military parade in China’s history this week, aiming to position Beijing as a key figure in shaping a post-U.S. international order amid significant geopolitical uncertainty.
The September 3 “Victory Day” event, commemorating 80 years since Japan’s defeat at the end of World War II, will see more than 20 world leaders in attendance, including Russia’s Vladimir Putin and the reclusive North Korean leader Kim Jong Un.
North Korean leader Kim Jong Un is making a rare diplomatic trip to China today. He departed North Korea by train, a slow yet heavily armored method long used by the country’s leaders. According to South Korea’s Yonhap News Agency, he is expected to arrive in Beijing on Tuesday.
A strong 6.0-magnitude earthquake hit Afghanistan late Sunday night in the eastern province of Kunar, killing at least 800 people and injuring over 2,500.
The quake struck shortly before midnight, rattling buildings from Kabul to Islamabad, the capital of neighboring Pakistan. According to the US Geological Survey (USGS), more than 1.2 million people likely experienced strong to very strong shaking.
Monthly Auto Sales
Hero MotoCorp (August, YoY)
- Total sales rose 8.1% to 5,53,727 units from 5,12,360 units.
- Domestic sales increased 5.5% to 5,19,139 units from 4,92,263 units.
- Exports surged 72.1% to 34,588 units from 20,097 units.
Monthly Production & Sales
NMDC (August, YoY)
- Iron ore production grew 9.8% to 3.37 MT from 3.07 MT.
- Iron ore sales climbed 8% to 3.39 MT from 3.14 MT.
Coal India (August, YoY)
- Coal production rose 9.4% to 50.4 MT from 46.1 MT.
- Offtake increased 7.6% to 56.7 MT from 52.7 MT.
Results Today
JSW Cement, All Time Plastics, Orissa Minerals Development Company, Seven Hill Industries, and White Organic Retail are scheduled to release their quarterly earnings on September 2.
Stocks to watch
- Sarveshwar Foods Ltd: The company will be opening a rights issue of nearly Rs 150 crore on Sept. 2, with an issue size of 25 crore shares at a price of Rs 6 per share.
- Royal Orchid Hotels Ltd: The company has expanded its presence in North India with a new property in Ambala.
- BLS International Ltd: The company through its arm BLS International FZE, has subscribed to a 100% stake in Consular Outsourcing Services Kenya.
- UPL Ltd: The company’s arm has entered into an agreement to acquire a 49% stake in Grow Chemical for $0.76 million.
- Puravankara: The company’s arm has secured a redevelopment project with a Gross Development Value potential of Rs 2,700 crore.
- Bharat Electronics Ltd: The company has received additional orders worth Rs 644 crore since July 30.
- United Breweries Ltd: The company is strengthening its presence in Andhra Pradesh with Kingfisher production at the Ilios Brewery.
- Man Infraconstruction Ltd: The company has acquired an additional partnership interest in Starcrete LLP and now holds a 98% stake.
- Zaggle Prepaid Ocean services Ltd: The company has partnered with Suryoday Small Finance Bank to provide its Zaggle Save platform for the bank’s employee expense management and benefits.
- Websol Energy System Ltd: The company plans to invest Rs 3,000 crore to add 8 GW of solar capacity by 2028 and will incorporate a wholly owned subsidiary for the expansion. The company’s board has also approved a stock split of one share into 10 shares.
- Indraprastha Gas Ltd: The company has entered a joint venture pact with RVUNL to set up a solar power project, with IGL holding a 74% stake and RVUNL holding a 26% stake in the joint venture.
- Fortis Healthcare: A composite scheme of arrangement between International Hospital, Fortis Hospitals, and Fortis Hospital has come into effect for the company.
- Balrampur Chini Mills Ltd: The company has collaborated with CIPET Ahmedabad to launch “Bioyug on Wheels,” an initiative aimed at driving sustainable innovation.
- HFCL Ltd: The company has signed an agreement to sell its 15.2% stake in Nivetti Systems to Trinity Tech Solutions for Rs 52.5 crore.
- Kaynes Technology India Ltd: The company’s arm has executed a Securities Subscription & Shareholders’ Agreement with US Technology International for the issue of Compulsorily Convertible Preference Shares.
- BHEL Ltd: The NCLT has been informed that the joint venture Powerplant Performance Improvement has been dissolved.
- Concord Control Systems Ltd: The NCLT has approved the first motion for the merger and amalgamation of the company’s arm with the company.
- NTPC Green Energy Ltd: The company announced the commercial operation of its 25 MW solar project in Bhuj, which was developed by Ayana Renewable Power Four.
- CEAT Ltd: The company has acquired the Michelin Group’s CAMSO Construction Compact Line Business and announced a $171 million investment in Sri Lanka.
Bulk Deals
Sellowrap Industries
Viney Growth Fund sold 81,600 shares at ₹114.09 per share, valued at ₹93.1 lakh, while Strategic Sixth Sense Capital Fund disposed of 72,000 shares at ₹110.85 per share, worth ₹79.81 lakh.
Anondita Medicare
Sageone Flagship Growth OE Fund bought 2,00,000 shares at ₹275.5 per share, and Sageone Flagship Growth 2 Fund purchased 1,01,000 shares at ₹271.85 per share. Together, the funds invested ₹8.25 crore for a 1.66% stake.
Notably, as of August 31, Sageone Flagship Growth OE Fund already held 3,45,000 shares, equivalent to a 1.91% stake in Anondita.
Zinka Logistics Solutions
GSAM Holdings LLC, an affiliate of Goldman Sachs, divested 49,09,874 equity shares (2.74% stake) in Zinka Logistics Solutions, the parent of digital trucking platform BlackBuck at ₹600.32 per share, amounting to ₹294.7 crore.
Meanwhile, Nomura India Investment Fund Mother Fund acquired 41,16,557 shares (2.29% stake) at ₹599.77 per share, worth ₹246.9 crore.
One Mobikwik Systems
Abu Dhabi Investment Authority fully exited Mobikwik, selling its entire holding of 16,44,438 shares (2.1% stake) at ₹238.45 per share, totaling ₹39.21 crore.
On the other hand, BofA Securities Europe SA purchased 5,00,000 shares at ₹243.61 per share, for a consideration of ₹12.18 crore.
Carborundum Universal
Sandhya G. Parikh picked up 3,00,000 shares of the Murugappa Group company engaged in abrasives, refractories, and electrominerals manufacturing at ₹915 per share, translating into an investment of ₹27.45 crore. The shares were acquired from promoter entity Murugappan Arunachalam Children Trust.
Stocks Trade Ex-Dividend
- EPL
- Gabriel India
- Gujarat Narmada Valley Fertilizers & Chemicals
- Hikal
- Deepak Fertilisers & Petrochemicals Corporation
- Radiant Cash Management Services
- Ajmera Realty & Infra India
- Bansal Roofing Products
- Mukesh Babu Financial Services
- Panama Petrochem
- Prithvi Exchange (India)
- TPL Plastech
- Yasho Industries
- Ratnamani Metals & Tubes
- Ion Exchange India
- Krystal Integrated Services
- Modison
- Tribhovandas Bhimji Zaveri
Stock Trades Ex-Date for Rights
- Scoobee Day Garments (India)
Stock Trades Ex-Date for Split
- Bluegod Entertainment
Stock Trades Ex-Bonus
- Halder Venture
FII & DII Cash Market Activity
- FII Cash Market: -₹1,429.71 crore, FIIs were net sellers selling more equities than they bought.
- DII Cash Market: ₹4,344.93 crore, DIIs were net buyers.
FIIs in Derivatives
- Index Futures: ₹492.7 crore (net buying), FIIs added positions in index futures.
- Stock Futures: ₹3,218.48 crore (net buying), FIIs bought individual stock futures.
- Index Options: -₹10,463.99 crore (net selling), FIIs reduced positions in index options, likely throughput buying or call selling.
- Stock Options: -₹377.5 crore (net selling), FIIs cut exposure in individual stock options.
Written by Manideep Appana
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