News

Post Market Update- Profit Booking drags markets. Nifty below 23,900

Stocks in the news-

1. Inox Wind bagged 100 MW order with a contract value of Rs. 755 cr from Indian Oil Corporation (IOC)

2. GRSE signed MoU with DNV for maritime & defence shipbuilding capabilities.

3. EMS declared as lowest bidder for Rajasthan sewerage project worth Rs. 219 cr

Economic news-

1. HSBC/S&P Global August Final Services PMI came in at 54.1 Vs 53.3 in July.

2. HSBC/S&P Global August #Composite PMI Unchanged at 54.3 MoM.

Indian indices-

The benchmark indices erased gains from the day’s high and settled lower on September 03, 2026, as investors turned cautious amid mixed global cues and profit booking in select heavyweight stocks. At close, the Sensex was down 417.49 points or 0.55% at 76,152.86, and the Nifty was down 41 points or 0.17% at 23,873.45.

Rupee closed at 94.49/$ Vs. Wednesday’s close of 94.97/$.

Buzzing stocks on BSE-

1. Shares of Persistent Systems fell 1.25% to Rs. 5,624, after the company's board approved a fund raise of up to $1.25 billion.

2. RPG Life Sciences gained 3.85% to Rs. 2,671.75, 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.

3. RBL Bank rallied 4.75% to Rs. 408, after the bank announced that its board will meet September 07, 2026, to consider establishing a Euro Medium Term Note (EMTN) Programme.

4. Housing & Urban Development Corporation (HUDCO) rose 1.41% to Rs. 180.40, after signing a memorandum of understanding (MoU) with the Government of Bihar.

Global Signals-

Asian markets traded mixed as investors tracked oil prices and ongoing geopolitical developments.

European markets traded mixed-to-lower, with investors remaining cautious amid geopolitical tensions and elevated oil prices.