News

Post Market Update- Markets shed early gains, close mildly lower

Stocks in the news-

1. Sun Pharmaceutical Industries signed US drug pricing deal secures tariff relief for 2 years.

2. Bajaj Auto sales rose 28% to 5.36 lakh units in August as exports jump 51%.

3. Tata Motors CV sales crossed 44,000 units in August, exports up 227%

4. KPI Green gets LoI for 33.6/76.6 MW DC wind-solar hybrid power project under group captive arrangement.

Economic news-

1. HSBC/S&P Global August Final Manufacturing PMI came in at 52.8

Indian indices-

Indian equities surrendered their early gains and closed marginally lower on September 1, 2026, as profit booking in index heavyweight stocks weighed on market sentiment. At close, the Sensex was down 12.99 points or 0.02% at 76,944.28, and the Nifty was down 24.60 points or 0.10% at 24,055.80.

Rupee closed at 94.95/$ Vs Monday’s close of 95.16/$

Buzzing stocks on BSE-

1. Sun Pharmaceutical Industries fell 1.31% to Rs. 1,930.45, despite White House pricing deal winning two-year tariff reprieve.

2. Graphite India rose 4,45% to Rs. 733.09 after GrafTech announces scale down of Graphite Electrodes (GE) capacity by 51,000 tonnes.

3. Tribhovandas Bhimji Zaveri jumped 19.99% to Rs. 366.50, after company received open offer from GRT Jewellers.

4. ITC surged 3.98% to Rs. 266.45, after ITC Info to acquire 22% stake in Happiest Minds.

5. Milky Mist Dairy Food hit 10% upper circuit at Rs. 231.95, after the company reported a more than 1,000% rise in standalone net profit at Rs. 64.5 crore for the quarter ended June 30, 2026, compared with Rs 5.7 crore in the year-ago period.

Global Signals-

Asian equity markets traded largely lower, as investors remained cautious amid mixed global cues, evolving geopolitical developments, and uncertainty over the outlook for interest rates.

European markets traded lower as rising bond yields and rate-hike concerns weighed on investor sentiment.