India Market Recap

Indian equity benchmarks ended lower on Monday, extending the cautious trend amid renewed geopolitical tensions in the Middle East. Weakness across IT, metal and realty stocks weighed on sentiment. The BSE Sensex declined 382.62 points, or 0.5%, to 76,132.81, while the Nifty 50 fell 118.55 points, or 0.5%, to 23,779.15. On the technical front, Nifty support is placed at 23,600–23,700, while resistance is seen at 23,900–24,000.

US Market Recap

US stock futures traded cautiously as escalating Middle East tensions pushed oil prices higher, adding to concerns over persistent inflation. S&P 500 futures slipped 0.2%, while Nasdaq 100 futures edged up 0.1%. European markets were also mixed, with economically sensitive sectors under pressure as rising inflation concerns pushed regional bond yields higher.

Asian Market Update:

Asian equities opened slightly higher, led by gains in technology stocks. The MSCI Asia Pacific Index rose 0.2%, while South Korea’s Kospi advanced 1.1%. Japan’s Topix, however, slipped 0.4%. South Korean memory-chip makers were among the top performers as renewed optimism around artificial intelligence supported technology stocks following the launch of OpenAI’s GPT-6 model.

Commodity Check

Crude oil remained near $100 a barrel as investors awaited further details of a reported Iran-Oman agreement aimed at protecting shipping through the Strait of Hormuz. Strong Chinese crude purchases also supported prices by tightening global supply conditions. Brent crude has gained 1.6% over the past two sessions, while WTI remained above $92 a barrel. Gold held steady near $4,400 an ounce as investors weighed Middle East tensions against a weaker US dollar, which supported demand for bullion. Spot gold rose 0.1% to $4,409.68 an ounce, while silver gained 0.1% to $66.22. Platinum was broadly flat and palladium edged higher. Copper extended its strong rally to hit a record high on the London Metal Exchange, supported by expectations of broader US tariffs on refined metal imports. Three-month LME copper futures climbed as much as 0.8% to a record $14,533 per tonne before paring some gains.

Stocks In News

• PVR Inox— Clarified that an anonymous complaint received in April 2026 alleging impropriety by certain employees prompted a preliminary independent review. The review found no evidence of kickbacks. Former Executive Director Pramod Arora resigned on May 4, 2026 for personal reasons and was not asked to leave.
• Garuda Construction— Subsidiary signed MoU for a 93-storey Jeddah tower, with estimated revenue potential of Rs 1,800 crore over five years.
• Sammaan Capital— Board approved enabling authorisation to raise up to Rs 25,000 crore via NCDs/bonds; AGM on September 30, 2026.
• 63 Moons Technologies— Wholly owned subsidiary Financial Technologies Singapore subscribed to 2.59 crore equity shares of Ticker Ltd for Rs 70 crore on a preferential basis. Post-allotment, 63 Moons' stake in Ticker increased to 65.8%.
• Adani Power— Received LOI on September 7, 2026 to acquire GVK Energy's 330 MW hydro plant.
• Symphony— Plans phased India entry into ACs, BLDC ceiling fans and air purifiers from December 2026.
• GE Vernova T&D India— Declared L1 bidder by Power Grid for design and execution of a 6,000 MW, 800 kV HVDC LCC terminal station for evacuation of renewable power from Barmer-II to South Kalamb.
• Mankind Pharma— Shareholders of wholly owned subsidiary Bharat Serums and Vaccines approved its voluntary liquidation.
• Swiggy— To sell its entire stake in step-down subsidiary Lynks Logistics to Trustroot Internet through a share-swap transaction. The transferred B2B distribution business generated Rs 668 crore revenue in FY26.
• JSW Dulux— Received GST show-cause notice from Karnataka GST authorities over alleged excess input tax credit claims for April 2022-March 2023, involving a demand of Rs 48.59 crore.
• Neuland Laboratories— Board approved Rs 126 crore capex to acquire 134 acres of land in Auro Industrial City, Kakinada for future expansion. Company also holds a right of first refusal for an additional 66 acres, taking the potential land parcel to 200 acres.
• CONCOR— Received Rs 89.09 crore order, including GST, from Eastern Railway's Jamalpur Locomotive Workshop for supply of 12 rakes of BLSS wagons along with brake vans.
• Zee Entertainment— Clarified that it is not aware of any undisclosed information or material event that could have impacted its operations or share price.
• Avenue Supermarts— Opened a new DMart store at Tonk Road, Jaipur; total stores now 509.
• Aarti Industries— Commissioned Phase I of Zone IV, unlocking new high-value manufacturing opportunities.
• Rajputana Stainless— Awarded 2.10 MW wind and 8 MW solar projects in Gujarat; execution in 11 and four months, respectively.
• Pearl Global— Record date set for 1:1 bonus issue on September 11, 2026; allotment on September 15.
• Ethos— Opening of Ethos Watch Boutiques at Kozhikode, Kerala.
• Kalyani Steels— Appointed Ajay Kirtane as Independent Director.
• Atul— Shareholders approved Vinayak Deshpande's appointment as Independent Director for five years.
• State Bank of India— UFBU served strike notices for September 11, September 28-30 and a continuous strike from October 26, 2026.
• Tribhovandas Zaveri— GRT Jewellers to acquire 25.88% of Tribhovandas Zaveri (TBZ).
• Marathon Nextgen— Shareholders and creditors approved Marathon Nextgen Realty's amalgamation plan.
• Mahindra & Mahindra— India Ratings affirmed M&M and NCD ratings at IND AAA/Stable on September 7, 2026.
• Metropolis Healthcare— MQSPL signed SSA and SHA with Medsource and Dr Puneet; total investment of about Rs 1.26 crore.
• Unimech Aerospace— Bought 850 Dheya Engineering shares for Rs 3 crore on September 7, 2026.
• REC— Successfully issued India's first pilot issue of tokenised corporate bonds under the SEBI Regulatory Sandbox Framework.
• Motilal Oswal Financial Services— Finance Committee approved issuance of up to Rs 200 crore secured, rated and listed NCDs on a private placement basis, including a Rs 40 crore base issue and Rs 160 crore greenshoe option, with a five-year tenor.
• PNB Housing Finance— Board approved raising up to Rs 10,000 crore through NCDs on a private placement basis in one or more tranches. NCDs to be listed on the NSE and/or BSE wholesale debt segment.
• Supreme Industries— Promoter Vijay Kumar Taparia acquired 3,17,398 shares, representing a 0.25% stake, through transmission of shares. His holding increased to 5,62,288 shares, or 0.44%, from 2,44,890 shares, or 0.19%.
• TVS Motor— Brings flagship adventure technology to the A2 class with RTX 300.
• Alembic Pharmaceuticals— Incorporated wholly owned subsidiary Alembic Pharmaceuticals Global FZCO in Dubai on August 24, 2026.
• Vishnu Chemicals— Entered into a 50:50 joint venture with France-based DCX Chrome SAS to set up a greenfield 6,000 TPA high-purity chromium metal manufacturing facility at Visakhapatnam, Andhra Pradesh.
• Equitas Small Finance Bank— Appointed Sivaraman K as Head–Operations and designated him as Senior Management Personnel, effective September 7, 2026.
• PVR Inox— Buyback opens September 10 and closes September 17, 2026. Company to buy back up to 20.69 lakh shares, representing 2.11% of equity, at Rs 1,450 per share for an aggregate amount of up to Rs 300 crore through the tender offer route.
• Anupam Rasayan— Board approved investment of Rs 60.88 crore in Tanfac Industries through subscription to 2.60 lakh equity shares at Rs 2,341 per share on a preferential basis, aimed at increasing its stake after dilution from Tanfac's QIP.
• Gujarat Themis Biosyn— Board meeting scheduled on September 10, 2026 to consider fundraising through issuance of NCDs on a private placement basis.
• Chalet Hotels— Signed Share Purchase Agreement for acquisition of 100% of the equity shares of Lakeview Mercantile Company Private Limited.
• Shreeji Shipping Global— Entered into a time charter agreement with AMNS Shipping & Logistics for deployment of vessel MV Sanghi Sudarshan for coastal cargo movement along the Indian coastline. The vessel has been modified for steel coil transportation and will support AMNS' coastal logistics operations.
• GMR Airports— Served notice for voluntary redemption of Rs 1,500 crore non-convertible bonds, including Rs 1,100 crore bonds and Rs 400 crore bonds, with redemption scheduled on or before September 26-28, 2026.
• Max Healthcare— Invested Rs 87.87 crore in subsidiary Kalinga Hospital through a rights issue. Following allotment of 50.21 lakh shares, its stake increased to 66.15% from 58.28%.