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Oil rose Wednesday, as Mideast tensions continue to escalate after the U.S. attacked Iran, while Tehran reportedly struck back at U.S. allies.
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Muthuselvaraj M of Mirae Asset Sharekhan expects the short-term bias to remain sideways but sees positive prospects for Bank of India, UCO Bank and IOB among others from a medium-term perspective.
Dell Technologies reported record AI-server demand, with a $95 billion backlog and surging revenue. The company raised full-year revenue and earnings forecasts, highlighting strong AI infrastructure spending and expanding data-centre opportunities.
Realty shares witnessed buying demand for the second consecutive trading sessions.
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Axis expects Nifty earnings to grow at a 13% CAGR over FY23-FY28, which it believes will underpin healthy medium-term market returns. Here are five small- and midcap stocks that the brokerage is bullish on.
Closing the FCNR(B) scheme has led to a noteworthy increase in dollar inflows, which has positively impacted foreign exchange reserves. Indian banks have benefited from these substantial funds, assisting in the continued growth of loans. Nonetheless, the Reserve Bank of India must now tackle the critical issue of managing surplus liquidity efficiently.
Hexaware Technologies share price opened at ₹538 per share on NSE today, as compared to previous close of ₹543.60 on Wednesday.
Welspun Corp shares jumped nearly 6% after Jefferies initiated coverage with a Buy rating and a Rs 3,250 target price, implying 27% upside. The brokerage sees a multi-year upcycle in US and Saudi energy infrastructure spending, supported by Welspun’s capacity expansion, strong order book and growing overseas operations.
Stock market veteran Shankar Sharma has questioned India’s headline GDP growth, arguing that the economy’s “Real Feel” growth is only 2-3%. Despite 7.8% GDP growth in Q1 FY27, he pointed to worsening quality of life and chaotic urban conditions, contrasting India’s experience with Europe’s stronger lived prosperity.
The offer received bids for 88.66 lakh shares as against 68.49 lakh shares on offer.
Welspun Corp rose 3.03% to Rs 2,600 after a foreign brokerage initiated coverage on the company with a 'Buy' rating and a target price of Rs 3,250.
Shares of Lumino Industries were currently trading at Rs 108.26 at 10:10 IST on the BSE, representing a premium of 32.02% as compared with the issue price of Rs 82.
Inox Wind shares rose nearly 2% after securing a ₹755-crore, 100 MW turnkey order from Indian Oil Corporation. The project includes turbine supply, EPC, execution and 10-year O&M services, strengthening its institutional customer base and integrated renewable energy capabilities. Despite the order, shares remain significantly lower in 2026.
Milky Mist share price is enjoying a strong bullish run as the stock has surged more than 25% in just three consecutive sessions, defying otherwise cautious market sentiment.
HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off
Jefferies initiated coverage on Welspun Corp stock with a 'Buy' rating for a target price of ₹3,250 per share citing likely gains from an upcycle in oil & gas spends by the US and Middle East.
The Supreme Court has ruled that Edelweiss Custodial Services cannot be made liable for ₹900 crore in client securities lost after stockbroker Anugrah defaulted on its obligations.
Technical analyst advised investors to avoid fresh long positions for now and wait for a clear breakout above 1,400 before considering fresh buying.
RPG Life Sciences added 1.29% to Rs 2606 after the company said that its subsidiary RPG Active Pharma would acquire the API and intermediates business of Raghava Life Sciences for Rs 135 crore.
New Zealand exporters are diverting shipments bound for China to new markets, as demand from the country's top buyer cools, a central bank official tells CNBC.
Antelopus Selan Energy's share price surged 32% in three sessions after securing two new onshore contract areas under India's DSF Bid Round-IV. The stock reached a high of ₹1,035.95, marking a 190% increase from its 52-week low.
Power Grid Corporation of India (PowerGrid) has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-5: 6 GW) [Barmer Complex] Barmer-II: 6 GW (Solar) (LCC Configuration) on Build, Own, Operate and Transfer (BOOT) basis, at quoted Annual Transmission Charges of Rs. 3,244.33 crore.
Power Grid Corporation of India (POWERGRID) has been declared the successful bidder under Tariff Based Competitive Bidding (TBCB) for establishing an Inter-State Transmission System to evacuate 6 GW of renewable power from Rajasthan REZ Phase-IV.
Hexaware Technologies Ltd has lost 5.09% over last one month compared to 2.06% fall in BSE Information Technology index and 2.17% drop in the SENSEX
Tejas Networks Ltd has added 4.55% over last one month compared to 1.87% gain in BSE Telecommunication index and 2.17% drop in the SENSEX
Lumino Industries share price listed at 34.15% premium over the IPO price of ₹82. The stock opened at ₹110 per share on NSE and ₹109 on NSE.
The Deepa Jewellers IPO opened on September 1 and closes September 3, with a price band of ₹168-177 per share. It has seen high subscription rates, particularly from retail and non-institutional investors, and is expected to list at ₹205 based on grey market trends.
Lumino Industries shares listed at ₹109 on the BSE, a premium of 32.93 per cent against the offer price of ₹82. Meanwhile, on the National Stock Exchange, it debuted at ₹110, up 34.15 per cent.
The domestic currency touched an intraday high of 94.27 in morning deals, its highest level since June 29, according to Bloomberg data.
The company said, "The revised name better reflects the identity and legacy of our Group, where we have an established track record of projects across India and Internationally, in Metals & Mining. The Company holds a stake, through Prakar Estate and Promoters LLP, in the newly named Swarnagiri Gold Project at Kurnool district, Andhra Pradesh, India's first private sector integrated gold mining and processing facility."
The bond sell-off is owed to a mix of high government debt issuance, an oil-price shock that has reignited inflation concerns, and expectations of higher rates.
Inox Windhas secured a 100 MW turnkey order worth Rs 755 crore from Indian Oil Corporation (Indian Oil). The order will be executed on a turnkey basis and includes post-commissioning operations and maintenance (O&M) services.
The Reserve Bank of India (RBI) said its special US dollar-Indian rupee (USD-INR) forex swap facility has received forex inflows of over 136 billion US dollars till August 31, 2026. Of the total inflows, Foreign Currency Non-Resident (Bank) [FCNR-B] deposits accounted for the overwhelming majority, amounting to 127.2 billion US dollars. Meanwhile, Overseas Foreign Currency Borrowings (OFCBs) brought in 5.26 billion US dollars and External Commercial Borrowings (ECBs) contributed 3.89 billion US dollars.
In addition to developments surrounding the US-Iran conflict and movements in crude oil and gold prices, market participants will closely track the upcoming quarterly earnings announcements of recently listed companies over the next few weeks. Investors are likely to assess these results for insights into operating performance, earnings visibility and demand trends.
Small investors have profited significantly from 2026 IPOs with strong retail demand. Many of these issues are trading well above their initial offer prices. Tempsens Instruments and Sunshine Pictures show the highest returns, gaining seventy-six percent. This performance follows robust listing gains, with fourteen of fifteen IPOs trading higher. The Indian IPO market has revived, with more launches expected in the coming months.
India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raised over 136 billion dollars through its specialized programs. This substantial financial inflow empowers the central bank to robustly guard the rupee. Consequently, the rupee has emerged as the second-best currency performer in Asia over the last month, a response to recent outflows aimed at bolstering its value.
Gold and silver prices rose for a second straight session on MCX as the US dollar weakened and bond yields eased. Investors now await US nonfarm payrolls data for clues on the Federal Reserve’s policy path. Gold remains supported by softer yields and geopolitical tensions, while traders monitor key technical levels and domestic physical gold prices across major cities.
Japan’s Nikkei traded in a narrow range as lower bond yields and softer oil prices offset weakness in semiconductor stocks following a drop in Broadcom shares. Energy stocks underperformed, while investors awaited Japan’s 30-year government bond auction for further cues on interest rates and technology stocks.
Arcil has announced an IPO price range set between Rs 132 and Rs 139 per share, with a target to raise around Rs 733 crore. The public can subscribe to Arcil's shares starting September 9th, as current shareholders and promoters choose to divest their stakes in this asset reconstruction firm. The company's shares are anticipated to be listed on the BSE and NSE by September 17th.
GOCL Corporation share price surged almost 15% in morning deals on the BSE on Thursday, 3 September.
Lumino Industries IPO Live Updates | Lumino Industries shares to debut today; GMP signals 45%, suggesting strong listing buzz
Axis Bank Share Price Live Updates: Axis Bank's Current Trading Status
A months-long crisis in the Strait of Hormuz has turned an overlooked corner of the market into one of 2026's hottest trades.
Despite foreign investors infusing billions into Indian equities, benchmark indices struggle to keep pace. Inflows in the primary market are notable but fail to directly uplift listed stocks. Selective purchases are occurring in large mid-cap stocks while financials and IT remain ignored. Domestic investors are a crucial pillar for market resilience, necessitating consistent secondary market activity for a comprehensive rally.
South Korean shares rebounded on Thursday, with the KOSPI rising 1.38% as chipmakers tracked gains in their US peers and optimism over AI demand lifted technology stocks. Samsung Electronics and SK Hynix advanced, and POSCO Holdings also gained, although foreign investors remained net sellers.
Indian stock markets opened higher on Thursday, with key indices showing gains. The Sensex rose nearly 155 points, reaching 76,725 on its weekly expiry day. Nifty 50 also gained over 83 points, beginning the session near 23,998. Broader markets followed suit, with midcap and smallcap indices experiencing upward movement. This positive start occurred after a significant decline in the previous trading session.
A 1.7% stake in Meesho, valued at ₹1,650.4 crore, changed hands through a block deal on Thursday, with SoftBank likely to have been the seller.
Shares of Power Grid experienced an uptick after the company secured an important transmission project aimed at facilitating power evacuation from Rajasthan. This endeavor will incorporate the establishment of HVDC terminals and a long-distance transmission line. Power Grid's successful bid for this vital project reflects its strategic growth, amidst varying stock performance observed in recent months.
Swiggy share price opened at ₹265.35 on NSE today, as compared to previous close of ₹267.70 on Wednesday.
Gold and silver prices jumped by up to 1% in morning deals on the MCX on Thursday. MCX gold October futures were 0.75% up at ₹1,53,542 per 10 grams, while MCX silver December contracts were 0.88% up at ₹2,38,340 per kg around 9:15 AM.
Balu Forge Industries announced the successful acquisition of a state-of-the-art ring rolling production line capable of producing forged rings up to 6.7 meters in Outer Diameter (OD).
Amol Athawale from Kotak Securities highlights crucial support levels for the Nifty 50 and suggests three stocks poised for a short-term rebound. With a robust technical foundation, traders can expect potential gains if certain pricing thresholds are met.
Rupee jumps 67 paise to open at 94.30 against US dollar
Google is opening September on a high note, clawing back ground after what CNBC describes as its longest monthly losing streak in more than a decade. The turnaround, fueled by fresh momentum around the company's newest AI models, signals investors may be regaining confidence in Google's ability to compete in the AI race after weeks of pressure on the stock. After weeks of grinding losses, [Google](https://www.google.com) is finally catching a break.
BPCL Share Price Live Updates: BPCL Stock Details
GIFT Nifty:
Shares of LIC Housing Finance and SAIL are banned from F&O trading on 3 September 2026.
The inflows included $127.23 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, while overseas foreign currency borrowings (OFCBs) contributed $5.26 billion and external commercial borrowings (ECBs) accounted for $3.89 billion.
Global markets today: US equities rebounded on Wednesday as Treasury yields took a breather from their recent surge, with the S&P 500, Nasdaq, and Dow all snapping a three-day losing streak
Persistent Systems approved plans to raise up to $1.25 billion through debt and up to $450 million via equity-linked instruments, subject to approvals. The IT firm reported strong bookings and revenue growth in Q1, though profit declined due to forex losses. Shares have gained 21% over six months.
After a slow but extended selloff on Wall Steet, Google began September with renewed momentum, helped by new AI models.
Swiggy will be removed from MSCI’s Global Standard Indexes effective September 7 after the company capped foreign ownership at 49.5% to qualify as an Indian-owned and controlled company. The move could trigger passive fund outflows and limit fresh foreign investment in the stock.
JSW Steel Share Price Live Updates: JSW Steel's Market Breakout Highlights Positive Momentum
On Thursday, predictions suggest that the Indian rupee will continue its upward trajectory. This optimism stems from substantial foreign currency deposits enhancing the central bank's ability to provide support. India's unique mobilization schemes attracted over $136 billion, resulting in a marked increase in foreign exchange reserves, coupled with positive movements in other Asian currencies that contribute to the rupee's strength.
Asset Reconstruction Company (Arcil) has set its IPO price band at ₹132– ₹139 per share. The subscription period is from 9 to 11 September, with an anchor investor allocation on 8 September. Shares will be listed on BSE and NSE on 17 September.
Infosys Share Price Live Updates: Infosys wraps up at Rs 1156.0
