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Category: Markets
DNB said gold stored with the Bank of England is more readily tradable, allowing it to be deployed more quickly in a severe crisis.
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IFCI share price today touched an intraday high of ₹101.66 per share, which turned out to be its new 52-week high
In a pivotal ruling, India's supreme court has dismissed the regulatory challenges raised by market authorities against the National Stock Exchange. This verdict eliminates a major hurdle for the exchange's initial public offering, addressing previous controversies over co-location and dark fibre allegations. CNBC TV-18 provided coverage of this significant development on Thursday, paving the way for the IPO to proceed.
The benchmark indices traded near the flat line in afternoon trade. The Nifty traded below the 23,950 mark. IT, FMCG and metals shares declined while banks, realty and financial stocks managed to trade in the green.
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Kanohar Electricals IPO price band is set at ₹601 to ₹632 per share, with subscriptions open from 8 September to 10 September. The issue includes a fresh share offering of ₹300 crore and an OFS. Allocation and listing are planned for September 11 and 16, respectively.
According to a September report by Religare Broking, these 10 companies across power, mining, finance, IT and energy offered dividend yields ranging from 3.3% to 9.7%.
Recent reports indicate a modest growth in US economic activity alongside slight increases in employment figures. However, moderate price rises have been observed throughout most Federal Reserve districts, with businesses facing higher costs in energy and transportation, which is affecting consumer spending. The housing market remains sluggish, pressured by high mortgage rates and inflation, leaving policymakers with a challenging decision regarding interest rates ahead of their upcoming meeting.
Brokerage firm Motilal Oswal Financial Services noted that the company's growth performance over the past five years has been below aspirations.
Strong Q1 profit growth masks weakening margins, raising questions about whether volume growth can sustain the earnings recovery as costs rise and the second-half base gets tougher.
Hexaware Technologies announced the appointment of Vivek Jetley as CEO Designate. Vivek will join Hexaware and assume the role of CEO on 28 October 2026. The appointment comes at an important moment for Hexaware as the company enters its next phase of accelerated growth with AI reshaping enterprise technology services globally and creating new sources of client demand.
XTGlobal Infotech zoomed 6.42% to Rs 32 after the company announced its selection as a qualified technology partner under a multi-year cloud engineering and technical services program for a U.S. State Government technology authority.
RBL Bank Ltd is quoting at Rs 408.8, up 4.98% on the day as on 12:49 IST on the NSE. The stock is up 53.8% in last one year as compared to a 3.33% drop in NIFTY and a 5.85% drop in the Nifty Private Bank index.
Bank of India is quoting at Rs 144.9, up 1.26% on the day as on 12:49 IST on the NSE. The stock is up 29.21% in last one year as compared to a 3.33% slide in NIFTY and a 25.87% slide in the Nifty PSU Bank index.
Central Bank of India is quoting at Rs 30.98, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 12.29% in last one year as compared to a 3.33% spurt in NIFTY and a 25.87% spurt in the Nifty PSU Bank index.
Torrent Power Ltd is quoting at Rs 1311, up 4.97% on the day as on 12:49 IST on the NSE. The stock is up 1.24% in last one year as compared to a 3.33% gain in NIFTY and a 11.27% gain in the Nifty Energy index.
ESDS Software is expected to outpace Priority Jewels in terms of listing gains even though both offers garnered bids of over 100 times.
Microsoft has disclosed Azure’s quarterly and annual revenue for the first time, giving investors a clearer view of its position against Amazon Web Services and Google Cloud amid rising AI infrastructure demand. Azure reported $29.4 billion in quarterly sales and $101.9 billion for fiscal 2026, while Microsoft also unveiled a new two-segment reporting structure.
Raymond shares rise 14.5% to a 52-week high as market optimism surges due to strong earnings and defence sector re-ratings. Analysts predict further growth potential, citing a bullish breakout if key price levels are maintained.
RBL Bank rallied 5.015 to Rs 409 after the bank announced that its board will meet on Monday, 7 September 2026, to consider establishing a Euro Medium Term Note (EMTN) Programme.
Titan Biotech has announced its maiden 1:4 bonus issue, with one share to be issued for every four held, subject to shareholder approval. The multibagger stock has gained over 200% in a year and 100% in 2026. Here’s what investors need to know about the bonus issue and eligibility.
Wakefit Innovations shares gained over 4% after Nomura initiated coverage with a Buy rating and a Rs 200 target price, implying 30.7% upside. The brokerage cited Wakefit’s leadership in online mattresses, furniture expansion and vertically integrated model, while flagging Jumbo store execution, competition and raw-material volatility as key risks.
The grey market premium (GMP) of Priority Jewels IPO is currently around ₹30 , indicating expectations of a potentially strong listing gain.
India's primary market remains strong with active IPOs and public offerings, even as broader equity markets struggle. Zerodha's Nithin Kamath notes that while most IPOs open above their issue price, substantial gains are becoming less common, warning investors against assuming easy profits.
Reinstated import duties and minimum import prices are curbing cheap imports, encouraging dealers to restock and driving volume growth targets for top listed players.
For a consideration of Rs 135 cr
Raymond share price has appreciated by 23% in the last five trading sessions, and zoomed 137% from its 52-week low of ₹320.40 hit on March 30, 2026.
The Deepa Jewellers IPO entered its final day of bidding with strong investor interest, while its grey market premium moderated from earlier levels. Brokerages remain positive on the issue, citing strong earnings growth, attractive valuations and expansion plans, though customer concentration and working-capital requirements remain key risks.
Rays of Belief IPO saw strong demand on its third and final day of bidding, with the Rs 125-crore issue receiving bids far exceeding the shares on offer. The retail portion led demand, while the NII segment also saw strong interest. Here’s a look at the IPO, GMP, financials and investment outlook.
At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 40.86 points or 0.05% to 76,611.21. The Nifty 50 index lost 6.15 points or 0.03% to 23,907.85.
Balu Forge Industries has announced the successful acquisition of a ring rolling production line capable of producing forged rings up to 6.7 meters in outer diameter (OD).
Cyber Media (India) Ltd, AKI India Ltd, Tijaria Polypipes Ltd and Jindal Worldwide Ltd are among the other gainers in the BSE's 'B' group today, 03 September 2026.
Investors in the US stock market are monitoring Treasury yields closely, aware that they may hinder any potential rally. The benchmark ten-year yield is nearing levels that could disrupt equity valuations. While robust corporate earnings currently mitigate rising borrowing costs, the focus is shifting to inflation and interest rates. Should yields surge past five percent, stock repricing may swiftly follow.
According to an announcement by MSCI, Swiggy will be deleted from the Global Standard Indices owing to its foreign ownership limit, triggering potential passive outflows.
DNB said gold stored with the Bank of England is more readily tradable, allowing it to be deployed more quickly in a severe crisis.
Prasol Chemicals will launch its Rs 500-crore Initial Public Offering on September 8. The company has fixed the price band at Rs 643-676 per equity share. This public offering will close on September 10 after anchor investor bidding. The IPO includes a fresh issue of Rs 80 crore and an OFS of Rs 420 crore. Proceeds will fund debt payment, working capital, and general corporate needs.
Indian government bonds saw gains early Thursday, led by shorter-term debt. Larger dollar inflows boosted rupee liquidity and improved sentiment for Indian assets. Banks raised significant foreign currency, adding to domestic liquidity for several years. This influx strengthened India's ability to support the rupee and domestic markets. Elevated oil prices and US Treasury yields continued to weigh on longer-dated bonds.
Motilal Oswal initiated coverage on Adani Power with a Buy rating and a target price of Rs 250, implying around 20% upside. The brokerage sees capacity expansion, its track record of turning around distressed assets and potential entry into nuclear power as key growth drivers.
Aims to onboard 1,000 channel partners across tier 1 and tier 2 cities over next three years
Kirloskar Oil Engines (KOEL) and DEUTZ have agreed on a strategic co-operation. Through this co-operation, KOEL is expanding the global reach of its compact engine solutions into markets across Europe and North America, complementing international drive portfolios in the under-2-litre power segment. Kirloskar Oil Engines is a trusted industrial leader specialising in the engineering and manufacturing of internal combustion engines for the off-highway sector, while DEUTZ is a leading global engine manufacturer and drive system specialist based in Cologne, Germany.
The dollar index pulled back sharply on Thursday as oil halted recent rally on signs of easing geo-political concerns. President Trump said the latest attacks on Iran would be short-lived, easing inflation concerns and reducing safe-haven demand for the greenback. New York Fed Bank President John Williams reportedly said there is evidence that inflation continues to ease as the impact of tariffs fades, while higher energy prices have yet to spill over into other services. Meanwhile, data from US showed private employment growth slowed in August.
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Domestic indices Nifty 50 and Sensex each gained 0.35% on September 3, supported by banking stocks that raised $136.4 billion. Oil prices eased slightly, while global cues influenced a cautious market, following recent geopolitical developments and prior declines in both indices.
EMS has emerged as the Lowest Bidder (L-1) for a major sewerage project awarded by the Directorate of Local Bodies, Government of Rajasthan.
Housing & Urban Development Corporation (HUDCO) rose 2.06% to Rs 182.02 after signing a memorandum of understanding (MoU) with the Government of Bihar.
Gold and silver rebounded after a correction, prompting investors to evaluate which metal offers better opportunities. Analysts suggest gold has stronger support, while silver is more volatile despite recent high returns.
Solar Industries Share: In the past month, Solar Industries India outperformed the market by surging 16 per cent, compared to a 2.4 per cent decline in the BSE Sensex.
Tata Power Company has successfully commissioned the second element of its Jalpura-Khurja Transmission Project in Uttar Pradesh, further strengthening the state's power transmission infrastructure and enhancing connectivity to the growing electricity demand centres across NCR and Western Uttar Pradesh.
Kiri Industries Ltd, Elecon Engineering Company Ltd, Anant Raj Ltd and SML Mahindra Ltd are among the other gainers in the BSE's 'A' group today, 03 September 2026.
The IPO is currently trading at a grey market premium (GMP) of ₹59. At the upper price band of ₹239 per share, this translates into an estimated listing price of ₹298, representing a potential gain of 24.69% over the issue price.
