Adani Power shares flat at Rs 205.20 on the NSE upon receiving LOI to acquire GVK Energy’s 330 MW hydro plant

Wheat soars after US efforts to end Black Sea conflicts yield little progress

Wheat soars after US efforts to end Black Sea conflicts yield little progress

Wheat prices surge amid stalled US diplomatic efforts to resolve Black Sea conflicts affecting grain exports from Ukraine and Russia.

Crisil assigns CRISIL AA/Stable rating to CleanMax, affirming market leadership; shares steady at Rs 1371.30 on NSE

Crisil Ratings Assigns CRISIL AA/Stable Corporate Credit Rating to CleanMax Affirms Market Leadership and Prudent Financial Discipline

Shares flat at Rs 1371.30 on the NSE.

Nifty50 top gainers, losers at this hour of trade

Top gainers of Nifty 50: HDFC Life (+2.58%), Hindalco (+0.88%), BEL (+0.84%), Dr Reddy’s (+0.58%), HUL (+0.47%)

Top losers: Shriram Finance (-1.37%), Tech Mahindra (-1.21%), HCL Tech (-1.09%), M&M (-1.08%), Trent (-1.02%)

Opening Bell: Sensex falls 325 points, Nifty slips below 23,700

Sensex fell 325.41 pts or 0.43% to 75,807.40 at 9.16 am after opening at 75,970.28 from the previous close of 76,132.81. Nifty 50 was down 91.60 pts or 0.39% to 23,687.55.

Larsen & Toubro plans ₹500 crore tokenised bond issue, first by private-sector company

L&T plans ₹500 crore tokenised bond issue at 7.40%

Larsen & Toubro plans to raise ₹500 crore through three-year tokenised bonds at 7.40%, potentially becoming the first private-sector issuer.

Gold gains as dollar eases with US inflation data on radar

Gold gains as dollar eases with US inflation data on radar

Gold prices rise as the dollar weakens ahead of key US inflation data, with silver also gaining.

Trump backs proposed $103,265 H-1B visa fee to encourage hiring American workers

Trump backs proposed USD 103,265 H-1B visa fee

Trump backs a proposed USD 103,265 H-1B visa fee, saying it would encourage companies to invest in and hire qualified American workers.

Bonds seen boxed in narrow range as traders eye fresh triggers

Bonds seen boxed in narrow range as traders eye fresh triggers

Indian government bonds are expected to trade in a narrow range as traders await new market triggers.

Stock recommendation: GS on ICICI BK

Buy, TP Raised to Rs 2000

ICICI bank mobilized USD17.9bn of FNCR deposits, accounting for 14% of total FCNR deposits mobilized by the banking system, compared to its overall deposit market share of 6.7%.

More importantly, believe ICICI’s 50% share of un-levered deposits is likely relatively higher than peer banks

Estimate that this could improve ICICI’s LCR by 40% ppts excluding overseas b/s impact (all else equal), further strengthening its relatively favourable starting liquidity position.

Raise EPS estimates by 0.4%-3% over next three year

Bitcoin near $80,000; CoinSwitch, Mudrex see key levels and macro cues in focus

CoinSwitch 

BTC is trading near “$79K-$80K after shifting U.S. interest-rate expectations and geopolitical tensions. BTC briefly moved above $80K as Treasury yields eased, helping improve sentiment across risk assets. However, a stronger-than-expected U.S. jobs report pushed bond yields higher again, sending BTC back below $80K. For now, $80K remains the key level to watch. If BTC can hold and build support above this level, the next major resistance sits near $82.8K with a potential move toward $90K if macro conditions turn more supportive”, said CoinSwitch Markets Desk.

Mudrex

“Bitcoin is holding around $79,000 despite rising Middle East tensions pushing oil above $92 a barrel and reviving inflation concerns ahead of the FOMC meeting. CryptoQuant’s spot apparent-demand metric and Coinbase Premium Index have turned negative, signaling weaker retail buying. Yet BTC has shown strong resilience even as the yen gained 3.7% in just three sessions. A similar yen move in 2024 triggered a 20% Bitcoin selloff, making the current price action a sign of underlying strength. For now, Bitcoin needs to reclaim $80,000 to regain momentum, with $78,400 as key support”, said Prateek Gupta, Head of Business, Mudrex.

Broker calls: GE Vernova, defence stocks, Groww, HAL, Adani Ports in focus

Nomura on GE Vernova: Buy, TP ₹6,000; ₹13,000 Cr HVDC order boosts growth outlook; PAT CAGR seen at 31% FY26-29.

Citi on GE Vernova: Buy, TP ₹5,400; ₹13,000 Cr HVDC order could lift FY29 EBITDA/EPS estimates by 25%.

Citi on Hitachi Energy: Buy, TP ₹42,000; TP cut.

HSBC on Chola Invest: Buy, TP ₹2,140; confident on FY27 AUM growth; lower credit costs support 3.5% PBT ROTA.

HSBC on Vodafone Idea: Reduce, TP ₹8.25; OCF may fall short of FY29 spectrum dues; funding remains key overhang.

Jefferies on Defence: Buy Solar Industries ₹28,160 & Astra Microwave ₹2,055; Hold Bharat Dynamics ₹1,280; private defence players could grow 20%+.

MOSL on Defence: ₹1.1 lakh Cr DAC approvals, 98% for Indian industry; BEL remains preferred pick.

Nomura on Cement: Pricing expected to improve in Sep, but weak pricing power keeps spreads under pressure; top picks UltraTech & Dalmia Bharat.

Nomura on Life Insurance: Private insurers’ Aug APE +12% YoY; ICICI Life +23%, HDFC Life +18%, SBI Life +16%.

Jefferies on Groww: Buy, TP ₹240; MTF expected to grow 24% CAGR till FY30; revenue contribution could rise to 14% by FY29.

CLSA on HAL: Outperform, TP ₹5,481; 138 ALH order could add 13% to backlog; healthy long-term pipeline.

CLSA on Sansera Engg: Outperform, TP ₹4,954; ADS segment to drive growth; EPS expected to more than double in 3 years.

CLSA on Adani Ports: Outperform, TP ₹2,070; FY31 traffic target implies 15% CAGR; logistics & international businesses driving growth.

RBL Bank establishes $1 billion Euro Medium Term Note Programme

RBL Bank has established a $1 billion Euro Medium Term Note Programme (EMTN), under which the bank can issue medium-term notes. 

HLE Glascoat step-down subsidiary wins €20.56 million contract

HLE Surface Technologies GmbH, a step-down subsidiary of HLE Glascoat, has received a contract worth approximately €20.56 million from Denmark’s FLC Portals Group I/S for supplying vitreous enamel cladding panels for a tunnel project connecting Germany’s Fehmarn island and Denmark’s Lolland island.

Biocon gets 100% allocation for Pertuzumab under Brazil’s 10-year PDP

Biocon has signed a partnership agreement with Bahiafarma and Bionovis for Pertuzumab in Brazil, securing 100% allocation under the country’s 10-year Productive Development Partnership programme. The arrangement gives the consortium exclusive access to Brazil’s public healthcare market, accounting for about 70% of Pertuzumab demand. Biocon will receive milestone payments and a share of revenues from the opportunity over 10 years. The product will undergo phased localisation in Brazil in the mid to long term.

CleanMax gets CRISIL AA/Stable rating for Rs 2,500 crore NCDs

CleanMax Enviro Energy Solutions has received a CRISIL AA/Stable corporate credit rating and the same rating for NCDs worth Rs 2,500 crore, its first from Crisil Ratings. The rating reflects its diversified asset portfolio, healthy counterparty profile and consistent operating performance. CleanMax expects the rating to improve capital-market access and financing costs as it plans to add over 1.5 GW capacity in FY27. The company is also evaluating domestic bond issuance of up to Rs 2,500 crore.

Why isn’t oil above $100 despite supply disruptions?

EXPLAINER: Why hasn’t Brent crude crossed $100 despite supply disruptions?

Brent crude remains below $100 despite Middle East supply disruptions as alternative routes, higher non-OPEC output and weaker demand offset shortages.

Empower India eyes growth from India’s expanding AI computing ecosystem

Empower India eyes growth from AI computing expansion

Empower India expects AI compute expansion and the IndiaAI Mission to drive demand for green data centres, advanced cooling and reliable power infrastructure.

Sar Televentures calls off ₹669 crore Tikona Infinet acquisition

Sar Televentures calls off Rs 669 crore Tikona deal

Sar Televentures cancels its Rs 669 crore acquisition of Tikona Infinet after delays in obtaining regulatory approval for the proposed share swap.

Sterlite Technologies targets ₹20,000 crore revenue by FY29

Sterlite Technologies targets Rs 20,000 crore revenue by FY29

Sterlite Technologies targets Rs 20,000 crore revenue by FY29 and plans to invest Rs 1,000 crore annually to expand fiber and cable capacities.

UK recognises India’s carbon credit scheme for carbon tax relief

UK recognises India’s carbon credit scheme under its carbon tax mechanism

UK recognises India’s Carbon Credit Trading Scheme for CBAM pricing relief, potentially reducing the carbon tax burden on eligible Indian exports.

Sensex, Nifty set for flat-to-negative opening

Stock market today: Nifty faces pressure as crude oil rises

Indian equities may open flat to negative as Brent crude rises to $97 and US-Iran tensions persist, with Nifty support seen at 23,600-23,500.

SBM Bank India Strengthens Delhi-NCR Presence with Gurugram Branch, Expands Digital Wealth Proposition

SBM Bank (India) Ltd. has strengthened its presence in the Delhi-National Capital Region (NCR) with the opening of a new branch in Gurugram, taking its branch network to 23 across India, as the Bank continues to expand its footprint in high-potential markets and deepen its focus on affluent customers, professionals, entrepreneurs and businesses.

SBM Bank (India) Limited is the first foreign bank to receive a universal banking licence from the Reserve Bank of India to establish and operate as a Scheduled Commercial Bank under the Wholly Owned Subsidiary (WOS) model.

The new branch, located at SCO 100, Sector 45, HUDA Market, Gurugram, Haryana – 122003, reinforces SBM Bank India’s commitment to serving the region’s growing base of affluent customers, professionals, entrepreneurs and businesses, while strengthening its broader retail banking and wealth management strategy.

Commenting on the expansion, Mr. Amol Rane, Head – Branch Banking, SBM Bank India, said, “Gurugram is one of India’s most vibrant centres for entrepreneurship, wealth creation and business growth. We are excited to strengthen our presence in a city where customers and businesses are shaping the future. Through SBM Bank India’s personalised service and digitally enabled banking solutions, we aim to deepen customer engagement across the region and support their evolving financial aspirations. With 23 branches across India, we continue to expand thoughtfully in high-potential growth markets.”

US labour market: More jobs add excitement to upcoming FOMC meeting

US payrolls increased by 162,000 in August, driven by seasonal factors, indicating a robust underlying labour market. Job gains broadened across industries, with prior data having been revised upwards and unemployment holding at 4.1%. This stronger report has increased uncertainty ahead of the Fed’s September meeting, strengthening the focus on upcoming inflation data.

US job growth in August came as a massive surprise, as the economy added 162,000 jobs, adjusted for seasonal factors. The unusually low seasonal adjustment this year compared to August 2025 almost entirely explains the large positive surprise. According to initial estimates, seasonality boosted job growth in August 2025 by 178,000, whereas the Bureau of Labor Statistics (BLS) assumed that seasonality had only added 8,000 jobs this year. The result is fairly high job growth, adjusted for seasonal factors. Aside from these statistical technicalities, the underlying trend of the August job reports was quite robust. The drop in payrolls in July was revised to a moderate increase of +21,000, bringing the net two-month revision to +55,000. The proportion of industries adding jobs increased to 55.6%, with cyclical industries, such as construction and manufacturing, adding jobs, while the unemployment rate remained at 4.1%. An alternative measure of labour market slack also points to a low unemployment rate. The solid labour market report has generated considerable excitement in anticipation of the forthcoming FOMC meeting on 16 September. With only 12 days to go, the probabilities implied by Fed Funds futures pricing have shifted to 40% for no change and 60% for a 25-basis-point hike. Prior to the labour market report and following dovish remarks by Fed Governor Waller on 3 September, the implied probabilities were 50-50. As the Fed is much more concerned about inflation than the labour market, we will pay close attention to the August inflation report on 11 September, which will be released before the FOMC meeting that will determine the course of US monetary policy. We expect the inflation trend excluding energy to decline, enabling the Fed to hold rates unchanged once more. However, any positive surprise in next week’s inflation reading would significantly increase the odds of a rate hike and necessitate a revision of our projection of an unchanged policy rate in the US.

ZF Steering Gear’s subsidiary DriveSys starts commercial production at Electrical Division in Ahilyanagar, Maharashtra.

ZF Steering Gear (India) Limited has announced that its wholly-owned subsidiary, DriveSys Systems Private Limited, successfully commenced commercial production at the Electrical Division on September 7, 2026.

The newly operational Electrical Division is situated across two adjacent factory premises located at Plot Nos. C-20/2 and C-20/3/6, Block – C, Ahilyanagar Industrial Area, Nagapur, Taluka – Nagar, District – Ahilyanagar, Maharashtra. The facility specializes in manufacturing electrical protection devices and components, with established monthly installed capacities comprising 12,00,000 units of Moulded Case Circuit Breakers (MCB/MCCB), 40,000 units of Residential Current Circuit Breakers (RCB), and 1,50,000 units of Electrical Coils.

Container Corporation of India awards Rs 89.09 crore order to Jamalpur Workshop for supply of 12 BLSS wagon rakes with Brake Vans.

Container Corporation of India Ltd has awarded order to Chief Workshop Manager, Jamalpur locomotive Workshop, Eastern Railway, Munger (Bihar) – 811214 for supply of 12 rakes of BLSS wagons with Brake Van Type BVCM.

The value of the order (including GST) is Rs.89.09 crores.

Avenue Supermarts opens new store in Jaipur, total store count reaches 509.

Avenue Supermarts Limited has opened a new store at Tonk Road, Jaipur (Rajasthan) today. The total number of stores as on date stands at 509.

Buzzing stocks today: AU Small Finance, Adani Power, Swiggy, REC, Neuland Labs and more

Buzzing stocks today: AU Small Finance, Adani Power, Swiggy, REC, Neuland Labs and more

Today’s market highlights include AU Small Finance’s sustainable finance launch, Adani Power’s GVK Energy win, and udaan’s acquisition of Swiggy’s LYNK.

PSB PLI scheme kept in abeyance amid bank employees’ demand for review

PSB employee PLI scheme kept in abeyance for 2025-26

The government has kept the PSB employee PLI scheme in abeyance for 2025-26 after bank employees sought a review of its existing structure.

REC raises ₹500 crore through India’s first tokenised bond

REC raises Rs 500 crore through first tokenised bond

REC raises Rs 500 crore through India’s first tokenized bond, with HDFC Bank, ICICI Bank and other investors participating in the issue.

DGFT launches Open API to simplify Certificate of Origin process for exporters

DGFT Open API simplifies Certificate of Origin process for exporters

DGFT introduces an Open API enabling exporters to integrate ERP and accounting systems with its CoO platform, reducing manual entry and improving efficiency.

Reliance Industries plans to raise ₹12,500 crore through local-currency bonds

Reliance Industries plans to raise Rs 12,500 crore through local-currency bonds

Reliance Industries plans to raise up to Rs 12,500 crore through five-year local-currency bonds, potentially making it the year’s biggest listed deal.

Wall Street ends lower as solid jobs data fuels hawkish Fed bets

Indexes down: Dow 0.51%, S&P 500 0.38%, Nasdaq 0.29%

Yen extends rally to new seven-month high; dollar subdued ahead of CPI

The Japanese yen climbed to fresh ‌seven-month highs against the U.S. dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a ⁠Bank of Japan interest-rate hike while the dollar was subdued ahead of CPI data this week.

The yen strengthened to as much as 153.53 per dollar in morning trading, ‌surpassing levels reached during Japan’s July intervention and hitting its strongest since February.

That added to the yen’s 1.2% jump during ‌a thin session on Monday amid a U.S. holiday, with the ‌Japanese ⁠currency now having firmed nearly 4% from around 160 yen ⁠per dollar early last week. – Reuters

Oil rises as risks of prolonged Mideast conflict heighten supply worries

Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle ⁠East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption.

Brent crude futures climbed ‌34 cents, or 0.35%, to $97.34 a barrel by 0000 GMT. U.S. West Texas Intermediate crude was ‌at $92.63 a barrel, up $1.15, or 1.26%. – Reuters

Gold rises as dollar eases; US inflation data on radar

Gold prices nudged higher on Tuesday as the U.S. dollar slipped, with focus on upcoming inflation data that could shape ‌expectations for the Federal Reserve’s next policy move. 

Spot gold was up ⁠0.3% at $4,418.79 per ounce, as of 0048 GMT. U.S. gold futures for December delivery were down 0.3% ‌at $4,464.80. – Reuters

WATCH: Today’s Stock Recommendation: September 8, 2026

FIIs, DIIs turn net buyers; domestic institutions invest ₹566 crore, FIIs ₹280 crore on September 7

Instl. Investors EQUITY Cash Trades PROV. – 07/09/2026 : Rs. CRS. : 

FIIS : BUY +280 (9,581-9,301)

DIIS : BUY +566 (13,154-12,587)

Natural gas: Initiate long positions 

Natural gas: Initiate long positions

Natural gas futures show bullish potential; consider long positions with a target of ₹320 after breaching ₹286 resistance.

Trading Guide for September 8, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for September 8, 2026: Intraday supports, resistances for Nifty50 stocks

Get essential intraday support and resistance levels for Nifty50 and major stocks in this September 8, 2026, trading guide.

Stock to buy today: Paras Defence & Space Technologies (₹1,489) – BUY

Stock to buy today: Paras Defence & Space Technologies (₹1,489) – BUY

Buy Paras Defence & Space Technologies stock at ₹1,489; potential rise to ₹1,720 with bullish short-term outlook.