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ensex Today, Nifty 50 | Stock Market Highlights - Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 10 September 2026.
The benchmark BSE Sensex was up 0.19% to 74,902.59, while the broader NSE Nifty 50 index advanced 0.2% to 23,477.8, as investors awaited key U.S. inflation data for clues on the Federal Reserve’s monetary policy decision next week amid an intensifying US-Iran war.
The market remained volatile during the session, which also coincided with the expiry of key monthly derivative contracts, as investors tracked movements in crude oil prices, the rupee and domestic bond yields.
Rupee dropped 0.35% versus the U.S. dollar to 95.44, as oil prices continued to march higher on worries over escalating conflict in West Asia and elevated dollar demand linked to derivative maturities and corporate hedging.
Among sectoral indices on the NSE, Nifty Metal declined 0.65 per cent, followed by Nifty Pharma, which fell 0.51 per cent. Nifty Auto declined 0.41 per cent, Nifty FMCG fell 0.27 per cent and Nifty IT slipped 0.08 per cent.On the other hand, Nifty Media rose 0.55 per cent, Nifty PSU Bank gained 0.39 per cent and Nifty Private Bank advanced 0.34 per cent.Brent crude oil prices surged more than 1.2 per cent to trade around USD 102 per barrel at the time of reporting, keeping inflation and input-cost concerns in focus.
Key Highlights
- The benchmark BSE Sensex was up 0.19% to 74,902.59, while the broader NSE Nifty 50 index advanced 0.2% to 23,477.8, as investors awaited key US inflation data for clues on the Federal Reserve’s monetary policy decision next week.
- Among sectoral indices on the NSE, Nifty Metal declined 0.65% followed by Nifty Pharma, which fell 0.51%. Nifty Auto declined 0.41%, Nifty FMCG fell 0.27% and Nifty IT slipped 0.08%.
- On the other hand, Nifty Media rose 0.55%, Nifty PSU Bank gained 0.39% and Nifty Private Bank advanced 0.34%.
- The rupee dropped 0.35% versus the U.S. dollar to 95.44
- The price of Brent crude jumped 3.4% on Wednesday, surging above $100 a barrel for the first time since July. It added another 0.3% Thursday, to $101.52 a barrel.
- In the commodities market, gold prices remained largely flat at ₹1,53,612 per 10 grams for 24-carat gold, while silver declined more than 1 per cent to ₹2,41,134 per kg.
- September 10, 2026 16:05
This live blog is closed for the day.
- September 10, 2026 15:54
Zinc futures: Uptrend intact
Zinc futures: Uptrend intact
Zinc futures show strong upward momentum; traders are advised to consider long positions for potential gains.
- September 10, 2026 15:50
Textile company Sonaselection India sets IPO price band at ₹94-99/share; issue to open on Sept 17
Textile company Sonaselection India sets IPO price band at ₹94-99/share; issue to open on Sept 17
Sonaselection India sets IPO price band at ₹94-99/share, opening September 17, aiming to raise ₹141.6 crore.
- September 10, 2026 15:42
Rupee slumps 37 paise to close at 95.45 (provisional) against US dollar.
Rupee drops 37 paise to close at a week low of 95.44/$ as oil bubbles on West Asia worries
Rupee declined for a third straight session on Thursday as oil prices continued to march higher on worries over the escalating conflict in the Middle East, elevated dollar demand linked to derivative maturities and corporate hedging.
- September 10, 2026 15:41
Sensex climbs 138.36 points to settle at 74,902.59; Nifty up 46.30 points to 23,477.80.
- September 10, 2026 15:24
Poonawalla Fincorp board approved NCDs aggregating to Rs 2,000 crore.
- September 10, 2026 15:19
NHC Foods Limited has proposed establishment of NHC Foods' first manufacturing facility in Liberia, West Africa
- September 10, 2026 15:18
Kanohar Electricals IPO gets highest bids so far as 3 issues close today
Kanohar Electricals, Glass Wall Systems, Prasol Chemicals IPOs: Subscription status on final day
Kanohar Electricals IPO sees record bids, closing today alongside Glass Wall Systems and Prasol Chemicals, with strong investor demand.
- September 10, 2026 15:18
Punjab & Sind Bank stock in focus
Punjab & Sind Bank, a leading public sector bank, is strengthening its digital banking experience with UniBot – its digital banking assistant, designed to help customers explore the Bank’s products quickly, easily and conveniently.
Through UniBot, customers looking for finance can discover loan solutions based on their requirements, making the initial loan discovery process simpler & more accessible. Available 24x7, UniBot provides customers with instant information and a guided digital experience, enabling them to explore suitable loan options, account related queries, interest rests for loans, registering grievances and other information.
The Bank offers a range of loan products catering to diverse customer needs, including PSB Apna Vahan, PSB Apna Ghar, PSB Education Loan, PSB Vyapar Loan, PSB Personal Loan and PSB Gold Loan, among other financing solutions.
The introduction and promotion of UniBot is part of Punjab & Sind Bank’s broader efforts to leverage digital technology to make banking services more customer-centric and accessible.
- September 10, 2026 15:16
Swiggy enables delivery partners to file their Income Tax Returns directly via its delivery partner app
Swiggy (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India’s pioneering on-demand convenience platform, today shared that it has enabled over 50,000 delivery partners across India to file their Income Tax Returns (ITR) directly via its delivery partner app, across its Food Marketplace and Instamart businesses. The initiative enabled INR 6.5 crores of cumulative income tax refund claims for delivery partners. In addition to this, more than one-third of the delivery partners filed the returns for the first time, becoming a part of the formal financial ecosystem.
- September 10, 2026 15:10
Turtlemint appoints Monica Anshul Mishra as Chief Human Resources Officer
- September 10, 2026 15:05
Oilmeal exports decline in Q1 as soybean meal shipments fall
Oilmeal exports decline in Q1 as soybean meal shipments fall
A sharp fall in soybean meal exports led to the overall decline in oilmeal exports during the first quarter of 2026-27.
- September 10, 2026 14:56
PL Wealth’s latest Market Outlook – September 2026
PL Wealth’s latest Market Outlook – September 2026 report finds that India’s growth momentum remains resilient, supported by a strong Q1FY27 GDP print, returning foreign portfolio investor (FPI) flows, robust domestic liquidity and a healthy capital expenditure cycle. However, a persistent monsoon deficit, rising El Niño risks, elevated crude prices and the possibility of a 25–50 bps policy rate hike in H2FY27 could create near-term volatility, reinforcing the case for selective stock-picking and staggered deployment.
- September 10, 2026 14:54
At 2.39 pm, Sensex declined 78.98 pts or 0.11% to 74,685.25, and Nifty 50 dipped 24.65 pts or 0.11% to 23,406.85.
- September 10, 2026 14:54
Recode Studios forays into quickcommerce space with Nykaa Now
- September 10, 2026 14:33
Jindal Supreme to raise ₹125 crore via IPO
Jindal Supreme to raise ₹125 crore via IPO
Jindal Supreme plans to raise ₹125 crore through an IPO, offering 1.34 crore shares priced between ₹88 - ₹93.
- September 10, 2026 14:32
Gold Could Hit $4,500 as Softer Dollar, Fed Rate Bets Support Prices: Prithviraj Kothari
Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation, writes:
Gold and silver ticked higher, supported by a softer dollar as traders awaited key U.S. inflation data likely to influence the Fed’s rate path. Fiscal concerns continue to weigh on confidence in U.S. government debt, adding a floor under gold. Geopolitical risk stayed elevated after Iran vowed to resist the U.S. naval blockade and threatened retaliation for continued strikes, while Trump suggested the conflict could persist past the November midterms. With PPI due Thursday and CPI Friday, a hot print could pressure gold further; a soft one could open room toward $4,400. Gold looks set to trade in a $4,300 (~ ₹150,000) to $4,500 (~ ₹157,000) band, favouring a buy-the-dip, sell-the-rally approach for now. Silver has more room to run — a hold above $67 (~ ₹243,000) opens the path toward $70 (~ ₹247,000).
- September 10, 2026 14:19
DEV Information Technology Secures ₹30 Lakh Technology Order from Central Power Research Institute
Dev Information Technology Ltd (DEVIT) has secured an enterprise technology order from the ‘Central Power Research Institute (CPRI) Bangalore,’ under the Ministry of Power, Government of India worth Rs. 30 Lakhs approximately
Shares up 2.5% to Rs 24.50 on the NSE.
- September 10, 2026 14:10
Muthoot Capital board to consider issuance of Non-Convertible Debentures at its board meeting on September 16, 2026.
- September 10, 2026 14:06
Chemkart India informed the appointment of Mohammad Asim Siddiqui as a Chief Financial Officer
Chemkart India informed the appointment of Mohammad Asim Siddiqui as a Chief Financial Officer w.e.f. Sep 11, following the resignation of Basavaraj Shankar Dalawai.
- September 10, 2026 14:05
Fino Paymets’ average total deposits in August 2026 stood at ₹2,821 crore
Fino Paymets’ average total deposits in August 2026 stood at Rs 2,821 crore compared Rs 2509 crore in August 2025.
Shares up 1% to Rs 139.69 on the NSE.
- September 10, 2026 14:05
Navi UPI and IndusInd Bank partner to strengthen infrastructure behind everyday digital payments
IndusInd shares traded at Rs 989.70 on the NSE, down 1%.
- September 10, 2026 14:03
Man Industries (India) has received new orders for approx. ₹600 Crore.
Shares surged 3% to ₹813.95 on the NSE.
- September 10, 2026 13:52
Today’s Gold Rate in India September 10: Gold prices up in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
Gold Rate Today September 10: Check latest Gold prices in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune & Other Cities
Gold Rate Today: Today's gold prices of 22, 24 carat up across metro cities on September 10
- September 10, 2026 13:47
FCNR(B) related liquidity may take 3-4 months to get deployed: SBI Chairman Setty
FCNR(B) related liquidity may take 3-4 months to get deployed: SBI Chairman Setty
The SBI Chairman said banks are unlikely to deploy the surplus liquidity immediately, as the banking system had a ₹10.5 lakh crore surplus as of September 8.
- September 10, 2026 13:39
VinFast to develop two India-specific EVs after halting plans for global models
VinFast to develop two India-specific EVs after halting plans for global models
The Vietnamese automaker is developing India-specific EVs, internally codenamed VF X and VF Y, as it seeks to cut costs and target the country’s growing affordable electric-car market.
- September 10, 2026 13:36
MedPlus approves acquisition of residual stake in Optival Health Solutions
MedPlus Health Services approved the acquisition of the residual stake i.e. 0.01% of the total shareholding of Optival Health Solutions Private Limited, a material subsidiary of the Company, from the remaining shareholders.
- September 10, 2026 13:36
Sonaselection India IPO to open on Thursday, September 17
Sonaselection India Limited, an integrated fabric manufacturing and processing company engaged in the production of value-added products, has announced the launch of its Initial Public Offering (”IPO”), scheduled to open on Thursday, September 17, 2026, and close on Monday, September 21, 2026. The Anchor Investor Bid/Issue Period will open on Wednesday, September 16, 2026, one working day before the issue opening.
The Initial Public Offering comprises a Fresh Issue of up to 14,300,000 equity shares, with a face value of ₹10 each.
- September 10, 2026 13:35
Ramco Systems Marks Three Decades in Malaysia at Ramco Now & Next Celebration, Previews New AI-Native Platform
Shares up 2% on the NSE at Rs 610.40.
- September 10, 2026 13:28
Hinduja Global Solutions flat as subsidiary approves sale of 51% stake in Bhima Riddhi Infotainment
Hinduja Global Solutions flat at Rs 385.25 on the NSE. Subsidiary IndusInd Media & Communications approved sale of entire 51% stake in Bhima Riddhi Infotainment.
- September 10, 2026 13:28
NSE IPO: Top shareholders trim stake sales as investors expect higher post-listing valuation
NSE IPO: Top shareholders trim stake sales as investors expect higher post-listing valuation
NSE IPO: Top shareholders trim stake sales as investors expect higher post-listing valuation
- September 10, 2026 13:28
JK Paper gains 1.5% on NSE after acquiring remaining 20% stake in Radhesham Wellpack for Rs 44 crore
JK Paper shares up 1.5% to Rs 415.15 on the NSE following the acquisition of the remaining 20% stake in Radhesham Wellpack for Rs 44 cr
- September 10, 2026 13:27
Shakti Pumps jumped over 6% to Rs 497.65 on the NSE; It had received a Rs 236 cr order from MSEDC
- September 10, 2026 13:27
IRB Infrastructure rises 3% on NSE as August toll revenue jumps 25% year-on-year to Rs 807 crore
IRB Infrastructure Developers traded 3% higher at Rs 19.61 on the NSE, hitting a high of Rs 20.60 from Rs 19.07 previous close. August toll revenue rose 25% YoY to Rs 807 cr
- September 10, 2026 13:25
Coal India shares flat as Northern Coalfields reports 67% rise in production, 75% increase in dispatches
Coal India shares flat at Rs 433.45 on the NSE; Subsidiary Northern Coalfields reported a 67% rise in coal production and a 75% increase in dispatches as of Sep’26
- September 10, 2026 13:25
Wipro launches CISO Command Centre with CrowdStrike to boost cybersecurity; shares flat on NSE
Wipro shares flat at Rs 166.42 on the NSE. It had launched a CISO Command Centre in collaboration with CrowdStrike to strengthen enterprise cybersecurity operations
- September 10, 2026 13:25
Gujarat Ambuja Exports plans Rs 333 crore investment in greenfield corn wet milling unit at Hubli; shares flat on NSE
Gujarat Ambuja Exports traded flat at Rs 166.77 on the NSE. Company plans to invest Rs 333 cr in an 850-TPD greenfield corn wet milling unit at Hubli
- September 10, 2026 13:23
Parag Milk Foods zoomed over 6% to Rs 269.55 on the NSE; Launched Avvatar Popped Protein Chips
- September 10, 2026 13:22
BSE resumes normal operations after brief outage in cash segment between 9:42 and 10:08 am
BSE experienced outage for a brief period from 9:42 am, affecting one of the partitions in the cash segment affecting the scrips that are mapped to it, while all other partitions operated normally. The issue was resolved, and normal operations resumed at 10:08 a.m.
- September 10, 2026 13:21
PC Jeweller repays debt to 11 of 14 consortium banks ahead of schedule; over 96% of remaining debt cleared, aims for full repayment this month; shares flat on NSE
PC Jeweller has cleared and repaid all outstanding debt to one more bank under the Settlement Agreement dated September 30, 2024. With this, the company has repaid all outstanding debt to 11 of its 14 consortium banks, with all repayments completed ahead of scheduled due dates. It has also discharged more than 96 per cent of the outstanding debt of the remaining three banks and said it remains on track to repay the remaining less than 4 per cent and achieve debt-free status in the current month.
Shares flat at Rs 13.94 on the NSE.
- September 10, 2026 13:20
Ajmera Realty board approved proposal for issuance of NCDs for an aggregate amount not exceeding Rs 500 crore
- September 10, 2026 13:20
Burger King India reaches 600 restaurants milestone; Restaurant Brands Asia shares down 3% on NSE
BURGER KING INDIA HITS 600 RESTAURANTS, MARKING A MILESTONE IN ITS GROWTH STORY
Restaurant Brands Asia shares traded at Rs 97.64 on the NSE, down 3%.
- September 10, 2026 13:16
Sensex, Nifty trade firm in mid-session; crude prices, geopolitical tensions keep risk appetite subdued
Sensex, Nifty trade firm in mid-session; crude prices, geopolitical tensions keep risk appetite subdued
Sensex and Nifty show modest gains amid geopolitical tensions and high crude prices, with mixed sector performance in mid-session trading.
- September 10, 2026 13:12
Mutual fund SIP inflows rise to record ₹32,297 crore in August
Mutual fund SIP inflows hit record ₹32,297 crore in August
Mutual fund SIP inflows hit a record ₹32,297 crore in August, while active accounts rose to 10.62 crore and equity inflows increased 19 per cent.
- September 10, 2026 13:01
Ceinsys Tech receives Letter of Award from Rite Water Solutions; shares remain flat at Rs 691.30 on the NSE
Ceinsys TechI is in receipt of Letter of Award from Rite Water Solutions (India).
Shares flat at Rs 691.30 on the NSE.
- September 10, 2026 13:00
Tata Elxsi invests in KAVIA AI to enhance AI-driven software engineering; shares remain stable at Rs 3,413.60 on the NSE.
Tata Elxsi Invests in KAVIA AI to Scale AI-Driven Software Engineering for Products and Enterprises
Shares flat at Rs 3413.60 on the NSE.
- September 10, 2026 13:00
Indoco Remedies shares rise 5% after MHRA inspection report shows no major findings.
Indoco Remedies: UK Medicines and Healthcare products Regulatory Agency (MHRA) had inspected Company’s manufacturing facility at Plant I (solid oral dosage form); inspection concluded with no critical or major observations.
Shares surged 5% to Rs 242.25 on the NSE
- September 10, 2026 12:57
India launches trade portal to help exporters reach US buyers
India launches online platform to connect exporters with US buyers
India launches an online platform to connect exporters with US buyers as New Delhi steps up efforts to boost bilateral trade to $500 billion by 2030.
- September 10, 2026 12:52
Silver futures decline to ₹2.43 lakh/kg
Silver futures decline to ₹2.43 lakh/kg
Silver futures drop to ₹2.43 lakh/kg as participants reduce bets, with December contracts falling by ₹568 on MCX.
- September 10, 2026 12:50
FSSAI open to stricter food warning labels after Supreme Court questions two-phase plan
FSSAI open to stricter food warning labels from the start
FSSAI tells Supreme Court it is open to stricter warning labels from the start, including labels for products high in added sugar, salt or saturated fat.
- September 10, 2026 12:44
Altiva SIF by Edelweiss Mutual Fund Expands Its Offering with Equity Long-Short Fund Launch
Key Highlights:
Altiva SIF crossed ₹11,000 crore AUM as on 3rd September 2026 with its first two funds in less than a year since launch, emerging as one of the largest platforms in this space.
Altiva Hybrid Long Short Fund stand at close to ₹9754 crore and Altiva Equity Ex Top 100 Long Short Fund is close to ₹1436 crore as on 3rd September 2026
The new Equity Long-Short fund is designed as a Large Cap+ solution that aims to deliver more consistent alpha by using income-oriented derivative strategies over a core large-cap portfolio.
The fund will have ~80% allocation to large caps and ~20% to select mid- and small-cap stocks using a benchmark hugging approach with an overlay of income-oriented derivatives strategies.
- September 10, 2026 12:43
Bank of Maharashtra partners with ScoreMe Solutions to enhance digital lending capabilities
Bank of Maharashtra has selected fintech company ScoreMe Solutions Pvt. Ltd. to build digital lending capabilities aligned with the Bank’s EASE 9.0 objectives, spanning four critical workstreams across the lending journey. The mandate covers AI/ML in MSME underwriting, drop-off management, new customer lifecycle management and omnichannel journeys, reflecting a broader approach to digital lending that goes beyond credit assessment to address the complete customer journey.
The partnership comes at a time when banks are increasingly focused on making lending journeys faster, more data-driven and seamless, while maintaining strong governance and human oversight in credit decision-making.
- September 10, 2026 12:42
JPMorgan, Jane Street Probes Show India Scrutinizing Traders - Bloomberg
- September 10, 2026 12:41
Nandani Creation Limited with its Brand Jaipur Kurti Announces Project 50 -Targets 50 Retail Stores by March, 2027.
- September 10, 2026 12:41
Gold prices rise to ₹1.53 lakh/10 gm on firm spot demand
Gold prices rise to ₹1.53 lakh/10 gm on firm spot demand
Gold prices on Thursday rose by ₹231 to ₹1.53 lakh per 10 grams in futures trade as speculators created fresh positions on firm spot demand.
- September 10, 2026 12:28
Haryana Financial Corp: Vinay Pratap Singh, lAS, joined as Managing Director of the company in place of Sushil Sarwan, lAS
- September 10, 2026 12:24
Ola Electric, Ather Energy shares rally upto 9%, what is driving EV stocks today?
Ola Electric, Ather Energy shares rally upto 9%, what is driving EV stocks today?
Ola Electric shares rose 8.5% to ₹40.51, while Ather Energy gained over 4% to ₹1,648.60 as both electric two-wheeler stocks saw strong buying.
- September 10, 2026 12:20
Gopal Snacks commissions new besan manufacturing unit at Nagpur facility; shares flat
Gopal Snacks has commissioned a new Besan manufacturing unit at its existing Nagpur manufacturing facility
Shares flat at Rs 260.05 on the NSE.
- September 10, 2026 12:19
Gaja Alternative Asset Management PAT rises to ₹14.01 crore in June 2026 quarter; shares flat
Gaja Alternative Asset Management reported standalone PAT of Rs 14.01 crore in June 2026 quarter as against Rs 5.80 crore in June 2025 quarter.
Shares flat at Rs 158.36 on the NSE.
- September 10, 2026 12:19
B.R. Goyal Infrastructure wins ₹52 crore NHAI work order for toll collection agency at Maharashtra fee plaza
B.R.Goyal Infrastructure has received a work order from the National Highways Authority of India (NHAI) for the engagement of user fee collection agency through e-Tender for Khambara Fee Plaza in the state of Maharashtra. The accepted value of the said work order is Rs. 52 crore.
- September 10, 2026 12:18
Akme Fintrade board approves ₹50 crore NCD issue through private placement in Series A1 and A2
Akme Fintrade (India) board approved allotment of NCDs aggregating to Rs 50 crore in Series A1 and Series A2 on private placement basis in one or more tranches
- September 10, 2026 12:18
Jash Engineering receives ₹66 crore orders in August, shares rise 1%
Jash Engineering: In the month of August 2026, the consolidated orders received by the Company are worth Rs. 66 Cr out of which orders worth Rs. 31 Cr are for Indian market and orders worth Rs. 35 Cr are for markets outside India.
Shares up 1% to Rs 526.45 on the NSE.
- September 10, 2026 12:17
ICICI Prudential's GST appeal dismissed, shares stable at Rs 464.40
ICICI Prudential has received an order under Section 107 of the CGST Act, 2017, from the Additional Commissioner (Mumbai Central) on September 9, 2026. The company’s appeal against the earlier GST order has been dismissed, thereby upholding the tax demand.
Shares flat at Rs 464.40 on the NSE.
- September 10, 2026 12:13
Client Associates strengthens Real Estate Vertical with four appointments in Mumbai
Client Associates has expanded its Mumbai Real Estate Advisory practice, led by Executive Director Ankit Jain, by appointing four industry veterans: Nazia Sharma, Ashish Ojha, Sankkash Chhabria, and Farheen Shaikh. Together, the new hires add over 60 years of collective experience across institutional, commercial, and luxury residential real estate transactions to serve the West Region.
The strategic expansion responds to surging demand in Mumbai’s luxury housing market, which recorded a record ₹18,512 crore in transactions in H1 2026 as wealth allocation among HNIs and UHNIs matures. Co-founder Himanshu Kohli noted that this growth strengthens the firm’s integrated approach, helping clients align high-value property investments with their broader balance sheets and long-term portfolio goals.
- September 10, 2026 12:03
At 12.01 pm, Sensex was up 44.86 pts or 0.06% to 74,809.09. Nifty 50 inched up 12.45 pts or 0.05% to 23,443.95.
- September 10, 2026 11:46
SBI Chairman CS Setty: It will take about three to four months for the liquidity generated from FCNR (B) deposits to be deployed
- September 10, 2026 11:45
Purvankara Ltd issues corporate guarantee for Rs 80 crore NCDs on behalf of subsidiary Purva Blue Agate; shares at Rs 213.35
Purvankara Ltd has provided a Corporate Guarantee on behalf of Purva Blue Agate Private Limited, Wholly Owned Subsidiary, for aggregate amount of Rs. 80 crore owards the issuance of Non-Convertible Debentures (NCDs) in favour of Catalyst Trusteeship Limited.
Shares traded at Rs 213.35 on the NSE.
- September 10, 2026 11:37
Affordable Robotic & Automation receives purchase orders for robotic welding line; shares rise 1.5% to Rs 164.16
Affordable Robotic & Automation has received purchase orders from two esteemed domestic customers for the supply of robotic welding line.
Shares up 1.5% to Rs 164.16 on the NSE.
- September 10, 2026 11:36
Sri Lotus Developers promoter sells shares to meet public shareholding norms
Sri Lotus Developers and Realty Limited has informed the Exchange about sale of equity shares of face value of Re. 1 each ( Equity Shares ) of Sri Lotus Developers and Realty Limited ( Company ) by one of its promoters Mr. Anand Kamalnayan Pandit, in the open market for complying with minimum public shareholding requirement.
- September 10, 2026 11:33
Edelweiss Mutual Fund launches Altiva Equity Long-Short Fund, inviting investments from September 10 to September 24, 202
Altiva SIF by Edelweiss Mutual Fund (Edelweiss MF / EMF / EAMC) today announced the launch of the Altiva Equity Long-Short Fund, an open-ended Equity Long-Short investment strategy that seeks to generate long-term capital appreciation by predominantly investing in listed equity and equity-related instruments. The New Fund Offer will open on September 10, 2026, and close on September 24, 2026. The minimum application amount is ₹10 lakh.
- September 10, 2026 11:33
Mangalam Global Enterprise Limited appoints Ramesh Kumar Agrawal and Purvi Jayendra Bhavsar as Non-Executive Independent Directors for five years
Mangalam Global Enterprise Limited (MGEL) has appointed Mr. Ramesh Kumar Agrawal and Ms. Purvi Jayendra Bhavsar as Additional Directors in the capacity of Non-Executive Independent Directors, for a consecutive period of five years.
- September 10, 2026 11:29
Union Bank's maiden dollar bond draws 7.8x subscription, listed at GIFT City
Union Bank's maiden dollar bond draws 7.8x subscription, listed at GIFT City
Union Bank's inaugural dollar bond attracts 7.8x subscription, boosting its global presence and funding diversity at GIFT City.
- September 10, 2026 11:19
Govt bonds face twin drag from rising oil, US yields
Govt bonds face twin drag from rising oil, US yields
Rising oil prices and mounting fiscal worries also sent the benchmark 10-year U.S. Treasury yield to its highest level since 2023 on Wednesday. It was last at 6.84%.
- September 10, 2026 11:19
RBL Bank board clears $350 million 5-yr Notes issuance at 5.791% coupon
RBL Bank board clears $350 million 5-yr Notes issuance at 5.791% coupon
RBL Bank's board approves $350 million 5-year Notes issuance at 5.791% coupon for funding and business expansion.
- September 10, 2026 11:05
Vodafone Idea shares in focus as Jefferies stays bullish, sees 25% operating profit CAGR
Vodafone Idea shares in focus as Jefferies stays bullish, sees 25% operating profit CAGR
Vodafone Idea shares remained in focus on Thursday after global brokerage firm Jefferies retained a bullish view on the stock. The stock traded at ₹15.26 at 10.42 am on the NSE, after declining nearly 2 per cent during the session to ₹15.24 from the previous close of ₹15.52.
- September 10, 2026 11:04
MIC Electronics acquires 59% stake in Singapore-based Neo Semi SG
MIC Electronics completes 59% stake acquisition in Neo Semi SG
MIC Electronics completes acquisition of 59% stake in Singapore-based Neo Semi SG through a share-swap transaction, allotting 5.68 crore equity shares.
- September 10, 2026 10:57
Supreme Infrastructure India shares rise 2% after reduction in corporate guarantee exposure
Supreme Infrastructure India Limited (“SIIL” or the “Company”) is pleased to announce a significant reduction in its corporate guarantee exposure pursuant to a court-approved amicable resolution plan relating to its erstwhile subsidiary, Kopargaon Ahmednagar Tollways (Phase I) Private Limited
Shares up 2% to Rs 87.60 on the NSE.
- September 10, 2026 10:55
HDFC Bank shares hit fresh 52-week low for second straight day: What is driving the stock?
HDFC Bank shares hit fresh 52-week low for second straight day: What is driving the stock?
HDFC Bank shares hit a new 52-week low for the second day amid concerns over leadership and stock performance.
- September 10, 2026 10:51
𝗔𝘁𝗵𝗲𝗿 𝗘𝗻𝗲𝗿𝗴𝘆 | 𝗡𝗼𝗺𝘂𝗿𝗮 𝗦𝗲𝗲𝘀 𝗠𝗼𝗿𝗲 𝗨𝗽𝘀𝗶𝗱𝗲
Nomura maintains 𝗔𝗖𝗖𝗨𝗠𝗨𝗟𝗔𝗧𝗘 on Ather Energy and raises its target price to 𝗥𝘀 𝟭,𝟵𝟮𝟲 from 𝗥𝘀 𝟭,𝟳𝟭𝟰.
𝗪𝗵𝗮𝘁’𝘀 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝘁𝗵𝗲 𝘂𝗽𝗴𝗿𝗮𝗱𝗲?
* Upcoming 𝗞𝗼𝗻𝗮𝗿𝗰 𝗹𝗮𝘂𝗻𝗰𝗵 could open another growth leg
* 𝗘𝗩 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 is running faster than earlier expectations
* Electric 2W penetration is expected to reach 𝟮𝟮% 𝗯𝘆 𝗙𝗬𝟯𝟬𝗙
𝗧𝗵𝗲 𝗸𝗲𝘆 𝘀𝗶𝗴𝗻𝗮𝗹: This is increasingly becoming a 𝗰𝗮𝘁𝗲𝗴𝗼𝗿𝘆-𝗴𝗿𝗼𝘄𝘁𝗵 + 𝗺𝗮𝗿𝗸𝗲𝘁-𝘀𝗵𝗮𝗿𝗲 story, rather than just an EV adoption bet.
𝗪𝗮𝘁𝗰𝗵: Konarc launch execution, market-share gains and whether higher volumes translate into improving unit economics.
- September 10, 2026 10:51
Karnataka Bank unions call one-day strike on September 11 demanding five-day banking week and resolution of pending issues
All India Karnataka Bank Employees Association (AIKBEA) and Karnataka Bank Officers Organisation (KBOO), affiliated to the AIBEA and AIBOA respectively, under the banner of United Forum of Bank Unions (UFBU) has given a call for one day strike on 11.09.2026 demanding 5-day Banking Week, resolving of residual / pending issues etc.
- September 10, 2026 10:50
Gold, silver edge higher as Fed rate outlook, Iran tensions keep precious metals on edge ahead of CPI
Renisha Chainani, chief research officer at Augmont, writes - Fed Watch, Iran Standoff Keep Precious Metals on Edge Ahead of CPI
· Price Movement – Gold and silver edged higher, helped along by a softer dollar, as traders held their positions ahead of a key U.S. inflation print that could steer the Federal Reserve’s next move on rates. The metal’s strength isn’t just a knee-jerk reaction to the dollar, either — it reflects a deeper unease building around U.S. fiscal pressures, which continue to chip away at confidence in the long-term value of government debt, and by extension, the currency used to finance it.
· Geopolitical tensions – Tensions with Iran show no sign of cooling. Tehran signaled it’s prepared for a more intense confrontation, vowing to push back against the U.S. naval blockade and warning that any continued American strikes on Iranian soil would be met with sharper retaliation. Adding to the uncertainty, President Trump suggested the conflict is unlikely to wind down before the November midterms — a timeline that keeps geopolitical risk firmly in play for markets over the coming months.
· Macro-Economic Signals – All eyes are on Thursday’s producer price index, with CPI data landing Friday right behind it. A hotter-than-expected print would bolster the case for a September hike, likely pushing yields higher and adding to gold’s recent slide. A softer read would work the other way — easing pressure on the dollar, cooling rate expectations, and potentially giving gold room to push back toward $4,400.
- September 10, 2026 10:41
Nifty Prediction Today – September 10, 2026: Nifty futures: Weakness persists
Nifty Prediction Today – September 10, 2026: Nifty futures: Weakness persists
Today's Nifty prediction indicates a bearish trend, with potential declines to 23,300 amidst mixed sector performances.
- September 10, 2026 10:40
Stock in focus: Prestige Estates
Prestige Estates: ‘Southgrove Homes LLP’ and ‘Parkgrove Realty LLP’ has been incorporated as a Wholly-Owned Subsidiaries of the Company.
Shares traded at Rs 1526.10 on the NSE.
- September 10, 2026 10:40
GFF 2026: MobiKwik FX Retail simplifies forex for Indians, now offering six currencies on its app.
Shares flat at Rs 196.76 on the NSE.
- September 10, 2026 10:40
Ramco Cements’ Tamil Nadu limestone mine restoration earns global biodiversity recognition
The ecological restoration of the limestone mine in Pandalgudi, in the Virudhunagar District of Tamil Nadu, carried out by Ramco Cements, has received international recognition. It has been awarded the Advanced Certification by The Global Biodiversity Standard (TGBS) — the first site to be recognised at in Peninsular India. It now stands alongside other certified restoration sites of the world, such as the Jane Goodall Institute and Ecosia’s work in Uganda and the restoration project of Kadoorie Farm and Botanic Garden in Hong Kong.
Ramco Cements traded flat on the NSE at Rs 860.30 on the NSE.
- September 10, 2026 10:39
Dilip Buildcon sells stake in Under-Construction Power Transmission Project to Alpha Alternative
- September 10, 2026 10:28
Gold edges higher on weaker dollar, US inflation data in focus
Gold edges higher on weaker dollar, US inflation data in focus
Gold rises 0.3% as a weaker dollar boosts demand, while U.S. inflation data and Fed rate decisions loom.
- September 10, 2026 10:25
Nomura on Ather Energy
Buy, TP Raised to Rs 1926 from Rs1714
- Konarc launch to drive more upside
- Faster EV adoption strengthens Ather’s outlook
- Raise FY28-29F volume estimates to 794k (+104% y-y) / 1016k (28% y-y) vs. 699k/896k
- Now expect strong 54%/100%/31% revenue growth over FY27F/28F/29F (54%/80%/31% earlier) – an increase of 10-11%
- Believe Ather’s premium valuation at 5-7x EV/sales should sustain
- September 10, 2026 10:25
Jefferies on Voda Idea
Initiate Buy, TP Rs 20
- VIL offers high-beta turnaround opportunity in Indian telecom
- Expect subscriber stabilization to support an 11% revenue CAGR over FY26-29 which along with strong operating leverage will drive a 25% cash EBITDA CAGR and a sharp ROIC inflection through FY31.
- VIL’s premium multiples should sustain during turnaround
- With every 10% tariff hike potentially driving c.34% equity upside
- investment thesis hinges on future tariff hikes and a required Rs160bn equity raise by FY30.
- September 10, 2026 10:24
Brokerage Views on Manipal Hospitals
JPM on Manipal Hospitals: Neutral, TP Rs 800
- Manipal is among the largest private hospital chains in India and a leading consolidator, with growth supported by steady volume and ARPOB-led expansion, ramp-up in acquired assets, and capacity additions of ~2,600 beds by FY30.
- However, return ratios remain in the high single digits, reflecting the acquisition-heavy growth mix and the time needed for recently acquired Sahyadri to be integrated and scaled
- Neutral stance is driven by valuation (27x/22x FY28/29 EV/EBITDA, minority-adjusted; upside ~10%) & investor focus on clearer evidence of Sahyadri execution
UBS on Manipal Hospitals: Initiate neutral. TP Rs 850
- Forecast revenue and EBITDA CAGRs of 19% & 20%, respectively, over FY26-30E
- See potential for upside from a faster-than expected turnaround at Sahyadri and faster ramp-up of new facilities in Bengaluru.
- However, acquisition-led growth has resulted in lower ROIC relative to industry leaders (Fig 27), which could limit further multiple rerating despite healthy operating growth
- Stock has risen around 20% since listing and trades at 28x one-year forward EV/EBITDA, at a premium to large hospital peer group average of 24x
- While growth remains healthy, believe much of the growth is already reflected in current valuations
GS on Manipal Hospitals: Initiate Buy, TP Rs 865
- Expect: 1) Top quartile topline growth: >20% CAGR (high-teens on a proforma base) among larger peers over FY26-29E driven by ramp-up of new hospitals and improvement in base business mix;
- 2) Industry leading core margins to improve: Ex-Sahyadri FY26 EBITDA margins stood at 26.3%, with potential to expand driven by volume momentum and operating leverage;
- 3) Best-in-class track-record for turning around acquired hospitals: Manipal has been largest consolidator of beds in Indian healthcare space over past 5-6 years with >5,500 beds acquired
Jefferies on Manipal Hospitals: Initiate with Accumulate, Target: ₹870
- Excellence At Scale
- Scaled hospital chain with industry leading metrics
- Proven integration playbook
- Healthy mix of brownfield and greenfield expansion
- Operating leverage from scale & Sahyadri turnaround
- September 10, 2026 10:23
Brokerages on Adani group stocks
Jefferies on Adani Enterprise: Buy, TP Rs 3830
- AEL is a unique infrastructure incubator, building & scaling businesses across critical infra, energy transition, logistics, & import substitution.
- With a proven track record of incubating mkt leaders, its portfolio spans growth platforms at different stages of maturity, offering a long runway for growth.
- Backed by Rs2trln investments over FY26-31, est 23% EBITDA CAGR.
- Airports, Data Centres, & ANIL are largest contributors to SOTP-based PT
MOSL on Adani Enterprise: Buy, TP Rs 3880
- AAHL fundraise in line with monetization strategy, strengthens growth outlook
- Management intends to use the proceeds to
- (1) modernize and expand airport infrastructure,
- (2) develop 22msf of mixed-use Adani Airport City projects in the first phase
- (3) scale up ground handling and other non-aeronautical businesses
- Estimate a CAGR of ~22%/29%/82% in revenue/EBITDA/PAT over FY26-29, aided by growth, margin expansion, and increasing contribution from high-margin verticals.
Jefferies on Adani Energy: Buy, TP Rs 2060
- Co has tied up 2.5 GW of round-the-clock (RTC) power supply to Maharashtra State Electricity Distribution Cofor 25 years.
- This increases tied-up volumes of the trading segment to 57% in FY28E vs 20% at end of 1QFY27, making EBITDA profile more sustainable.
- Merchant prices have also been higher during 2QFY27 till date which could mean some positive surprise potential in the trading segment in 2Q also.
Macquarie on Adani Ports: O-P, TP Rs 2100
- NQXT’s first full-year of consolidation and Colombo’s rapid ramp-up improve visibility on international cargo, while domestic growth is supported by capacity additions at Mundra, Dhamra and Vizhinjam, alongside incremental expansion and utilisation gains at Krishnapatnam, Gangavaram and Kattupalli.
- Key projects include Mundra CT5 (+1.6mn TEUs) and Vizhinjam Phase 2 (5.7mn TEUs by Dec ‘28).
- Management targets 1 billion tonnes of installed domestic capacity by December 2030
- Recently awarded Paradip CQ-I and CQ-II concession adds a further 18 MMT of planned mechanised dry-bulk capacity (assumed commissioning by FY29E).
- September 10, 2026 10:22
Harish Vatnani, Head of Trade, ZebPay on crypto markets
“The first session after the Labor Day holiday brought a more cautious tone to the crypto ETF market. U.S. spot Bitcoin ETFs saw $46.65 million in net outflows, despite fresh inflows into BITB, IBIT, ARKB and MSBT. These were outweighed by redemptions from Grayscale’s GBTC, Fidelity’s FBTC and Invesco’s BTCO.
Bitcoin ETFs recorded $2.41 billion in trading volume, with total net assets at $99.52 billion. Ether ETFs also saw $24.29 million in outflows, although Fidelity’s FETH attracted $9.89 million, helping limit the decline.
The broader market, however, remains resilient. Global crypto market cap is around $2.78 trillion, up 1.7% in 24 hours, while Bitcoin is trading near $79,195. Fresh catalysts include the sharp rise in HOOD, growing crypto payment activity in Iran, and new XRP and HBAR ETF inflows.
The bigger risks remain macro and regulatory, with the September 15 CLARITY Act vote, U.S.-Canada trade tensions and changing Fed rate expectations all capable of shifting sentiment quickly. For now, Bitcoin holding near $79,000 keeps the bullish setup intact, but ETF flows will be an important signal to watch.”
- September 10, 2026 10:21
Bitcoin outlook turns cautious as $100 oil, higher US yields pressure risk assets: Riya Sehgal, Research Analyst, Delta Exchange
Crypto remains cautious and range-bound, with macro conditions driving most of the pressure. Bitcoin failed to hold its move toward $79.7K and is back near $78.4K, while Ethereum has slipped below $2,500 but continues to show better relative strength.
On the 4H chart, BTC remains below its 50 EMA near $78.9K, with RSI around 43, keeping the short-term bias neutral-to-bearish. The key support is $77.6K–$78K, while BTC needs to reclaim $79K and then $79.8K–$80K to improve momentum. ETH is holding around its 50 EMA near $2,472, with support at $2,450–$2,470 and resistance around $2,500–$2,525.
Macro remains the main driver. Oil is above $100, the US 10Y yield briefly reached around 4.84%, and markets are reassessing the Fed outlook. Higher oil and yields are weighing on risk assets, while a relatively softer dollar is providing some support.
The $6B Treasury buyback of 10–20Y bonds is also in focus after yields initially moved higher following the announcement.
Attention now shifts to US PPI and jobless claims, followed by CPI. Inflation data, oil prices and Treasury yields are likely to be the key volatility triggers for BTC and broader risk markets.
- September 10, 2026 10:20
On weekly SENSEX derivatives expiry by Shilpa Rout, senior Analyst - Derivates at PL Capital
The Sensex is likely to remain volatile around the weekly expiry, with the 74,000–73,2000 zone emerging as the immediate support area, while 75,500–75,800 remains the key resistance band. A sustained move above 75,800 would improve the near-term setup, whereas a break below 74,000 could extend the correction towards 73,500.
With crude oil above $100 and geopolitical uncertainty keeping risk appetite subdued, we expect heightened two-way volatility during expiry. The recently introduced Closing Auction Session could further amplify last-minute swings, particularly given the relatively thinner liquidity in Sensex derivatives. Traders should therefore remain cautious with aggressive option-selling strategies around the closing period.”
The 74,000–74,200 support / 75,500–75,800 resistance framework is consistent with current technical readings, while the elevated expiry volatility is particularly relevant after the extreme moves seen during the last Sensex expiry.
- September 10, 2026 10:20
Bitcoin trades near $78,000 as US-Iran tensions trigger shift towards ‘Hard Asset’ behaviour: Prateek Gupta, Head of Business, Mudrex
Bitcoin is consolidating around the $78,000 range after briefly rising near the $80,000 mark, tracking a rise in gold prices. This comes as global equities fell on the back of renewed attacks traded between the US and Iran in the Strait of Hormuz. It signals a shift in Bitcoin’s behaviour in the face of geopolitical shocks, rising like a hard asset rather than falling like a risk asset. Looking ahead, markets will focus on the US’ August Producer Price Index and Consumer Price Index releases this week for signals on the direction of the Federal Reserve’s rate decision on September 16. In the absence of further shocks, Bitcoin is likely to remain range-bound between $77,000 and $79,000
- September 10, 2026 10:19
India’s new industrial revolution: Jefferies flags space, semiconductors, solar among 6 high-growth sectors
India’s new industrial revolution: Jefferies flags space, semiconductors, solar among 6 high-growth sectors
Global investment bank Jefferies has highlighted India’s new industrial revolution in six high growth sectors including space and semiconductors.
- September 10, 2026 10:17
Tata Consultancy Services (TCS) traded flat at Rs 2,210 on the NSE, it had announced the launch of an Industrial Autonomy & Engineering Lab at its Sahyadri Park campus in Pune.
- September 10, 2026 10:11
Brent crude oil price stays above $100 as US-Iran tensions escalate
Brent crude oil price stays above $100 as US-Iran tensions escalate
Brent crude oil price, futures remained above $100 a barrel on Thursday morning due to escalating tensions between the US and Iran in West Asia.
- September 10, 2026 10:09
Dilip Buildcon shares up 5%
Dilip Buildcon shares surged over 5% to Rs 413.60 on the NSE. Company secured an LOI from PNGRB to develop and operate the Paradip-Raipur LPG pipeline under a 25-year authorization
- September 10, 2026 10:02
Rupee falls 25 paise to 95.33 against US dollar in early trade
The rupee depreciated 25 paise to 95.33 against the US dollar in early trade on Thursday as Brent crude price crossed the USD 100 dollar mark sharply increasing concerns over India’s import bill.
Forex traders said elevated crude oil prices and persistent dollar demand also weighed on investor sentiments. - PTI
- September 10, 2026 09:53
Hindustan Zinc traded flat at Rs 609.90 on the NSE. Company signed a six-year transportation agreement with MFL India
- September 10, 2026 09:53
Redington shares hit 52-week high ahead of iPhone 18 Pro launch; stock trades at Rs 382.75 on NSE
Redington, Apple distributor, shares traded at Rs 382.75 on the NSE after hitting a fresh 52-week high of Rs 398.45. Stock surged ahead of the sale of the iPhone 18 Pro and iPhone 18 Pro Max in India.
- September 10, 2026 09:51
Canara Bank to raise up to ₹4,500 crore via Basel III perpetual bonds
Canara Bank plans to raise ₹4,500 crore through perpetual bonds
Canara Bank plans to raise up to ₹4,500 crore through Basel III perpetual bonds, with a ₹2,000-crore base issue and ₹2,500-crore greenshoe option.
- September 10, 2026 09:41
Gold prices hold near $4,400 as rising US Treasury yields, oil prices and Fed rate-hike expectations cap bullion gains ahead of inflation data
Motilal Oswal Financial services Ltd
Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd
Gold prices held near $4,400 as investors remained cautious ahead of key U.S. inflation data, while competing signals from fiscal concerns, rising Treasury yields and escalating Middle East tensions kept bullion volatile. Gold initially found support after the U.S. Treasury announced plans to buy back up to $6 billion of longer-dated government debt, reinforcing concerns over fiscal sustainability and the long-term value of the dollar.
However, the announcement failed to calm bond markets, with the benchmark 10-year Treasury yield climbing toward 4.85%, its highest since 2023. Meanwhile, crude moved above $100/bbl as escalating U.S.-Iran tensions and attacks on regional shipping intensified concerns over energy supplies, increasing the risk of renewed inflationary pressures.
Higher oil prices and yields have strengthened expectations that the Federal Reserve could raise rates at its September 15-16 meeting, with markets pricing around a 60% probability of a hike. This has capped gold’s upside despite continued support from fiscal and currency concerns.
Market attention now shifts to U.S. PPI and CPI releases, which will be crucial in determining whether persistent inflation warrants further Fed tightening and could provide the next major directional trigger for bullion.
- September 10, 2026 09:36
Axis Bank’s AI push signals slower hiring ahead for India firm
Axis Bank’s AI push signals slower hiring ahead for India firm
Axis Bank plans slower hiring due to AI investments, aiming for growth with fewer employees while enhancing productivity.
- September 10, 2026 09:35
Brent crude holds above $100 on US-Iran tensions; mixed movement seen in global and MCX futures
Brent crude oil futures remained above $100 a barrel on Thursday morning due to escalating tensions between the US and Iran in West Asia. At 9.34 am on Thursday, November Brent oil futures were at $101.02, down by 0.19 per cent, and October crude oil futures on WTI (West Texas Intermediate) were at $96.12, up by 0.07 per cent. September crude oil futures were trading at ₹9138 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹9099, up by 0.43 per cent, and October futures were trading at ₹8829 against the previous close of ₹8810, up by 0.22 per cent.
- September 10, 2026 09:32
SRG Housing Finance denies reports of fictitious loan accounts flagged by NHB, says no communication received from regulator
SRG Housing Finance noted the news reports circulating regarding Fictious loan accounts of SRG Housing Finance flagged by NHB. The “Company hereby strongly denies and rejects the observations, allegations and implications reported in these articles. Firstly, the company has not received any communication from NHB Refinance Department regarding reporting of Red ϐlags on any loan accounts.”
- September 10, 2026 09:28
Capri Global settles $300 million 7.55% senior secured notes due 2029 under $1 billion global medium term note programme
Capri Global informed settlement of the U.S.$ 300,000,000 7.55% senior secured notes due December 2029 (“Notes”), issued under the U.S.$ 1 billion global medium term note programme
- September 10, 2026 09:27
Vedant Fashions wins appeal as demand for interest and penalties set aside; shares flat on NSE
Vedant Fashions received an order passed by the Additional Commissioner, Office of the Commissioner of CGST and CEX (Appeals-III), Mumbai, favourable to the Company, as the demand for interest and penalties aggregating to ₹2,73,471 have been set aside.
Shares flat at Rs 582.10 on the NSE.
- September 10, 2026 09:24
Nifty today: Top gainers, losers at this hour of trade
Top gainers of Nifty 50: ONGC (+2.41%), SBI (+0.90%), Axis Bank (+0.77%), ITC (+0.71%), Cipla (+0.51%)
Top losers: M&M (-0.97%), Adani Ports (-0.73%), Tata Steel (-0.70%), Shriram Finance (-0.69%), HCL Tech (-0.59%)
- September 10, 2026 09:21
Opening bell: Sensex, Nifty open lower
Sensex traded marginally flat, up 49.26 pts or 0.07% to 74,813.49 after opening at 74,742.54. Nifty 50 inched up 17.25 pts or 0.07% to 23,448.75. Sectoral indices traded in a mix, IT continued to dip.
On Wednesday, BSE Sensex tumbled 813.35 pts or 1.08% to 74,764.23. Nifty 50 depreciated 203.60 pts or 0.86% to 23,431.50.
- September 10, 2026 09:12
Indian rupee opens down 0.15% at 95.25 per US dollar; previous close 95.1050
- September 10, 2026 09:04
NSE slashes IPO ambitions as world’s biggest options boom fades
NSE slashes IPO ambitions as world’s biggest options boom fades
NSE reduces IPO valuation amid fading options boom, raising investor concerns about future growth and regulatory challenges.
- September 10, 2026 08:52
Corporate Actions
Dividend
10-Sep-26
RADIANTCMS: Final Dividend - Rs. - 2.50
ZEEL: Final Dividend - Rs. - 2.00
SICAGEN: Final Dividend - Rs. - 1.00
JMJFIN: Final Dividend - Rs. - 0.15
LINC: Final Dividend - Rs. - 1.50
INDSILHYD: Final Dividend - Rs. - 0.60
CHEMCRUX: Final Dividend - Rs. - 1.00
TVSSRICHAK: Final Dividend - Rs. - 37.80
GRAUWEIL: Final Dividend - Rs. - 0.50
APEX : Final Dividend - Rs. - 2.50
ELNET: Final Dividend - Rs. - 2.00
MBEL: Final Dividend - Rs. - 1.00
GANECOS: Dividend - Rs. - 3.50
HARSHDEEP: Final Dividend - Rs. - 0.25
DIVGIITTS: Final Dividend - Rs. - 3.27
VALIANT: Dividend - Rs. - 1.50
INDOCO: Final Dividend - Rs. - 0.20
POWERMECH: Final Dividend - Rs. - 1.50
11-Sep-26
HEIDELBERG: Final Dividend - Rs. - 7.00
ABIRAFN: Final Dividend - Rs. - 1.50
CSLFINANCE: Final Dividend - Rs. - 10.00
GUJENERGY: Final Dividend - Rs. - 8.90
BLIL: Final Dividend - Rs. - 2.27
GSFC: Dividend - Rs. - 5.00
BALMLAWRIE: Final Dividend - Rs. - 4.25
KVFORGE: Final Dividend - Rs. - 3.00
JOSTS: Final Dividend - Rs. - 5.00
RUPA: Final Dividend - Rs. - 3.00
GIPCL: Final Dividend - Rs. - 4.10
METROGLOBL: Final Dividend - Rs. - 2.50
SAVERA: Final Dividend - Rs. - 3.00
FINPIPE: Final Dividend - Rs. - 2.75
HARLETH: Final Dividend - Rs. - 1.00
ALPHAGEO: Final Dividend - Rs. - 5.00
DUTRON: Dividend - Rs. - 1.50
NFL: Final Dividend - Rs. - 1.04
COMFINCAP: Final Dividend - Rs. - 0.10
BANCOINDIA: Final Dividend - Rs. - 8.00
NCLIND: Final Dividend - Rs. - 2.00
CMSINFO: Final Dividend - Rs. - 2.50
SALAUTO: Final Dividend - Rs. - 2.00
MOLDTECH: Final Dividend - Rs. - 2.00
CEEJAY: Final Dividend - Rs. - 1.50
SANTETX: Final Dividend - Rs. - 1.50
UTTAMSUGAR: Final Dividend - Rs. - 2.50
DYNAMIND: Final Dividend - Rs. - 1.00
COMFINTE: Final Dividend - Rs. - 0.05
DHPIND: Final Dividend - Rs. - 4.00
TECHNOE: Final Dividend - Rs. - 7.00
NATPLASTI: Final Dividend - Rs. - 1.50
RHIM: Final Dividend - Rs. - 2.50
IREDA: Final Dividend - Rs. - 0.75
DATAMATICS: Final Dividend - Rs. - 5.00
TEXRAIL: Dividend - Rs. - 0.75
ATULAUTO: Final Dividend - Rs. - 3.00
SANDHAR: Final Dividend - Rs. - 4.00
DYNPRO: Final Dividend - Rs. - 1.50
VENKEYS: Final Dividend - Rs. - 10.00
MEDIASSIST: Final Dividend - Rs. - 2.00
PPAP: Final Dividend - Rs. - 1.50
AMRUTANJAN: Final Dividend - Rs. - 2.90
IRMENERGY: Final Dividend - Rs. - 1.50
SBGLP: Final Dividend - Rs. - 0.12
NSDL: Final Dividend - Rs. - 4.00
SKMEGGPROD: Final Dividend - Rs. - 1.25
NITINSPIN: Final Dividend - Rs. - 3.00
BAJAJHCARE: Final Dividend - Rs. - 1.50
TRANSRAILL: Final Dividend - Rs. - 2.00
MOLDTKPAC: Final Dividend - Rs. - 3.00
SUBROS: Final Dividend - Rs. - 3.00
KALYANKJIL: Final Dividend - Rs. - 2.50
ZUARIIND: Final Dividend - Rs. - 1.00
APARINDS: Final Dividend - Rs. - 60.00
MANCREDIT: Final Dividend - Rs. - 0.75
PYRAMID: Final Dividend - Rs. - 0.50
BECTORFOOD: Final Dividend - Rs. - 0.70
SUNFLAG: Final Dividend - Rs. - 1.00
LINCOLN: Final Dividend - Rs. - 1.80
AMNPLST: Final Dividend - Rs. - 0.50
INDOTHAI: Final Dividend - Rs. - 0.10
COMPEAU: Final Dividend - Rs. - 1.00
PITTIENG: Final Dividend - Rs. - 2.50
KRYSTAL: Final Dividend - Rs. - 1.50
BLUEJET: Final Dividend - Rs. - 1.20
ASAHIINDIA: Final Dividend - Rs. - 2.00
SIGNPOST: Final Dividend - Rs. - 0.50
AARTIIND: Final Dividend - Rs. - 1.00
GSPCROP: Final Dividend - Rs. - 1.00
LOTUSDEV: Interim Dividend - Rs. - 0.30
HBLENGINE: Final Dividend - Rs. - 1.00
CEIGALL: Final Dividend - Rs. - 0.50
ASTRAMICRO: Final Dividend - Rs. - 2.40
SUYOG: Final Dividend - Rs. - 1.00
JTLIND: Final Dividend - Rs. - 0.1250
PAISALO: Final Dividend - Rs. - 0.10
TALBROAUTO: Final Dividend - Rs. - 0.55
TEGA: Final Dividend - Rs. - 2.00
PHOENIXLTD: Final Dividend - Rs. - 2.50
SRD: Final Dividend - Rs. - 0.05
TATVA: Final Dividend - Rs. - 2.00
ASHIKAG: Final Dividend - Rs. - 0.50
CHALET: Final Dividend - Rs. - 1.00
ARIHANTSUP: Final Dividend - Rs. - 0.25
AXISOL: Final Dividend - Rs. - 0.60
ADVAIT: Final Dividend - Rs. - 2.00
SHAILY: Final Dividend - Rs. - 3.00
WAAREEENER: Final Dividend - Rs. - 2.00
BPLPHARMA: Final Dividend - Rs. - 1.00
MANORAMA: Final Dividend - Rs. - 0.80
DCI: Final Dividend - Rs. - 0.10
IPO
Kanohar Electricals: Open: 08-Sep-26; Close: 10-Sep-26
Prasol Chemicals: Open: 08-Sep-26; Close: 10-Sep-26
Glass Wall Systems (India): Open: 08-Sep-26; Close: 10-Sep-26
Karamtara Engineering: Open: 09-Sep-26; Close: 11-Sep-26
Manipal Payment & Identity Solutions: Open: 09-Sep-26; Close: 11-Sep-26
Asset Reconstruction Company (India): Open: 09-Sep-26; Close: 11-Sep-26
LCC Projects: Open: 09-Sep-26; Close: 11-Sep-26
Rentomojo: Open: 09-Sep-26; Close: 11-Sep-26
Steamhouse India: Open: 09-Sep-26; Close: 11-Sep-26
Veegaland Developers: Open: 10-Sep-26; Close: 15-Sep-26
Manika Plastech: Open: 11-Sep-26; Close: 16-Sep-26
Jindal Supreme (India): Open: 16-Sep-26; Close: 18-Sep-26
Buyback
PVR Inox: Open: 10-Sep-26; Close: 17-Sep-26
Bonus Issue
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Stock Split
Oriana Power: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Sep-26
TAAL Tech: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 22-Sep-26
Right Issue
Esaar India: Open: 02-Sep-26; Close: 11-Sep-26
Viceroy Hotels: Open: 03-Sep-26; Close: 11-Sep-26
NCL Research & Financial Services: Open: 03-Sep-26; Close: 18-Sep-26
Jaykay Enterprises: Open: 07-Sep-26; Close: 18-Sep-26
- September 10, 2026 08:51
Global markets: $100+ oil stokes inflation fears as rates, currencies and growth come under pressure
Japan: BOJ may hike rates rapidly if inflation accelerates; strong semiconductor demand lifts manufacturers’ confidence, while rising JGB yields may keep domestic money at producer and consumer inflation higher, although weak underlying domestic demand remains a concern.
US: $100+ oil is raising inflation fears; Wall Street slipped, Treasury plans up to $6bn bond buybacks, while markets increasingly see a possible Fed hike later in 2026.
India: Rupee falls past ₹95/$ amid expensive oil and capital outflows; RBI likely using FX swaps/intervention to manage liquidity and currency pressure, while inflation is expected to hit a 20-month high.
China: Energy costs pushed August producer and consumer inflation higher, although weak underlying domestic demand remains a concern; China’s 2026 oil demand is forecast to fall 8.9%.
UK: Housing-market slowdown appears to be bottoming out, according to RICS, suggesting conditions may be stabilising.
Eurozone: ECB faces renewed pressure to hike rates as the Middle East conflict and $100+ oil threaten to reignite inflation.
South Korea: Samsung-related shareholder activism is intensifying, while broader Asian markets face pressure from $100+ oil and higher global yields.
Brazil: Government is boosting diesel subsidies and cutting fuel taxes to cushion consumers from the global oil-price surge.
Mexico: August inflation accelerated for the first time in five months, though core pressures eased; government sees 2027 GDP growth of 1.5–2.5%.
New Zealand: Government will allow wealthy migrants to invest in approved build-to-rent housing projects from December to attract foreign capital.
Thailand: Government plans a $1.5bn rooftop-solar support programme from mid-October to encourage household renewable-energy investment.
Vietnam: Vietnam and South Korea are accelerating talks on nuclear-power projects as Hanoi pushes to revive nuclear energy.
Source: Reuters
- September 10, 2026 08:51
Kolte-Patil Developers sells 600 apartments worth over Rs 600 crore in 60 hours
Kolte-Patil Developers said its ‘Vyana at The Reserve’ project in Vadgaon, Pune, recorded over 600 apartment bookings worth more than Rs. 600 crore within 60 hours. The company said this was its strongest launch performance ever. Spread across 20 acres, the project is part of ‘The Reserve’, a premium riverside development with about 5 million sq ft of potential saleable area and an expected GDV of Rs. 4,000 crore.
Shares surged 5% to Rs 464.60 on the NSE.
- September 10, 2026 08:50
Sigma Advanced Systems moves Sri City aerospace facility into production
Sigma Advanced Systems said its dedicated aerospace manufacturing facility at Sri City, Andhra Pradesh, has entered active production, completing the transition from groundbreaking to production in eight months. The facility’s first batch of precision-machined aerospace components has been shipped to Sigma UK for final verification. The operation has also completed initial source-change approval stages with Rolls-Royce Aerospace. The first 75,000 sq ft facility provides 100,000 annual machining hours, with capacity planned to reach nearly 300,000 hours.
Shares surged 4% to Rs 785 on the NSE.
- September 10, 2026 08:44
Japan's Nikkei sinks amid rise in oil as Iran war escalates
Japan’s Nikkei share average slumped on Thursday, as global markets felt the pressure from oil breaching the $100-per-barrel mark with the Middle East conflict widening.
Iran on Wednesday said it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest wave of attacks on shipping by both sides since the start of the six-month-old war. - Reuters
- September 10, 2026 08:42
Bitcoin trades near $78,250 as investors await US inflation data; $77,200-$78,000 support, $79,700-$80,500 resistance key for momentum.
Vikram Subburaj, CEO, Giottus.com
Bitcoin traded near $78,250 on Thursday morning, down about 0.5% over 24 hours, as investors remained cautious ahead of two crucial US inflation releases. Bitcoin continues to struggle below $80,000, with $77,200-$78,000 providing immediate support. A break below this area could expose $74,000-$75,000. Resistance lies around $79,700-$80,500. The larger supply zone between $83,000 and $86,000 remains the next major hurdle.
The latest on-chain picture is more constructive than the subdued price action suggests. Selling near recent range highs is running at less than half the pace seen at August’s peak. Long-term holders have also largely stayed out of the latest selling. However, spot conviction remains weak. Momentum has fallen 30%. Meanwhile, Futures open interest has increased to $37.1 billion. Options open interest has risen to $40.1 billion. This combination suggests limited spot buying alongside rising derivatives exposure.
Institutional demand has also cooled in recent sessions. US spot Bitcoin ETFs attracted $770 million in net inflows between September 1 and 4. They then recorded $46.6 million in net outflows on September 8. Farside currently shows another $100.7 million in net outflows on September 9.
Large-cap altcoins are mostly softer. Ethereum traded near $2,466 (-1.2%), BNB around $737 (-1.8%), XRP near $1.39 (-1.9%), and Solana around $101.4 (-1.9%). TRON was relatively resilient near $0.339, up about 0.4%.
Macro remains the key driver. Markets price about a 60% probability of a Fed rate hike next week, although a Reuters poll shows most economists still expect rates to remain at 3.50%-3.75%. US PPI is due today and CPI tomorrow, ahead of the September 15-16 Fed meeting. Brent crude near $101.4 and the US 10-year Treasury yield around 4.84% are adding to inflation concerns.
Our advice: Investors should remain measured ahead of inflation data. Excessive leverage should be avoided. The $77,200-$78,000 range is the key support zone. Immediate resistance lies around $79,700-$80,500. Bitcoin needs to clear this area for momentum to improve.
- September 10, 2026 08:36
Gold edges higher on weaker dollar, US inflation data in focus
Gold inched higher on Thursday, helped by a softer dollar, while market participants awaited key U.S. inflation data that could shape the Federal Reserve’s interest-rate path.
Spot gold was up 0.3% at $4,412.84 per ounce, as of 0234 GMT. U.S. gold futures for December delivery fell 0.1% to $4,457.10. - Reuters
- September 10, 2026 08:26
Bitcoin holds near $78,000 as U.S. Treasury buybacks and Iran tensions drive muted moves; focus shifts to 10-year yield
BTC is holding near $78K-$79K despite the U.S. Treasury buying back $6 billion of long-term debt. BTC briefly moved up to $79,650, but U.S.-Iran tensions pushed Brent crude above $100, pulling BTC back toward $78K. The reaction has been relatively muted compared with August, when Treasury buybacks helped drive a stronger BTC rally. Attention now shifts to the U.S. 10-year Treasury yield, which could move above 5% if geopolitical tensions and inflation concerns remain elevated said CoinSwitch Markets Desk
- September 10, 2026 08:26
NSE IPO: Exchange to freeze ISIN from September 11; no offline share transfers allowed until listing
NSE will freeze its ISIN starting September 11, 2026 (Tomorrow), ahead of its IPO.
- September 10, 2026 08:25
PVR Inox Ltd (PVRINOX) Buyback of shares Starts today
Buyback Price : Rs 1,450.00/-
CMP : Rs 1,168.00/-
Buyback Size (in Rs): 300.00 Crore
Buyback Size (in Shares): 20.69 lakh equity shares (representing 2.11% of total paid up Equity Share Capital)
Retail Quota: 3.10 lakh equity shares
Last cum date: Thursday, September 3, 2026
Record date: Friday, September 4, 2026
Schedule announced
Buyback opening date: Thursday, September 10, 2026 (Today)
Buyback closing date: Thursday, September 17, 2026
Settlement date: Thursday, September 24, 2026
- September 10, 2026 08:25
Bitcoin outlook: BTC holds near $78,000 as $77,000-$77,500 support and $80,000-$82,000 resistance remain key levels; golden cross signals improving momentum.
Nischal Shetty, founder, WazirX
“Markets are showing a mixed but broadly risk-on tone today: gold futures are edging higher (+0.17%) to $4,409.55, even as the U.S. Dollar Index slips slightly (-0.09%) to 98.720, suggesting modest dollar weakness. In crypto, Bitcoin dominance ticked up (+0.32%) to 59.06%. Sentiment remains firmly in Greed territory, with the Fear & Greed Index at 70, pointing to elevated investor optimism across risk assets.
Bitcoin is holding around $78K, with $77K–$77.5K emerging as near-term support and $80K–$82K as the key resistance zone. Ethereum remains above the $2,350–$2,400 support band, while $2,500–$2,565 could act as the immediate resistance range. Looking at the last 24 hours, the liquidation heatmap shows that leverage is being flushed across the market, not just in a single token. Bitcoin and Ethereum account for some of the largest liquidation pockets at around $83M and $60M respectively, while another $83M+ sits across the broader altcoin market, with ZEC and SOL also seeing notable activity.
Bitcoin’s setup is getting interesting. The daily golden cross is a positive signal and shows momentum is improving, but the bigger question is whether Bitcoin can reclaim and hold its 50-week moving average. BTC is already above its 200-week moving average, which has historically been an important long-term support. If the 50-week moving average turns into support as well, that would give the ecosystem much stronger confirmation that the market structure has shifted.”
- September 10, 2026 08:24
Nifty outlook: Markets likely to turn bullish only above 24,000; 23,200 remains major support
Vikram Kasat - Chief Business Officer – Advisory and Dealing at PL Capital
The long awaited $2,000 iPhone Duo is here but it’s the market that folded on Wednesday, as higher oil prices and lower bond buybacks weighed on investors’ moods.
Dow Jones lost 0.8% while S&P 500 fell 0.5% and Nasdaq slipped 0.6%.
Investors were also disappointed by the U.S. Treasury’s planned purchase of $6 billion in long-term debt, as some were hoping it would be as high as $10 billion. The bond market has been a persistent worry this year, as prices drop and yields rise, raising borrowing costs and alarm about the government’s debt levels. Today’s announcement did little to calm those fears.
Nifty 23431.50
Markets wil turn bullish only above 24000 levels, Major Support now: 23200
- September 10, 2026 08:23
Praxis Home Retail raises interest rate on loans to CMS IT Services to 13% per annum, effective retrospectively
Praxis Home Retail Ltd has announced an amendment to its inter-corporate loan agreements with CMS IT Services Pvt Ltd. The company announced a mutual agreement to revise the interest rate on the unsecured inter-corporate loan facilities from 11% per annum to 13% per annum. The revised rate applies retrospectively to the original agreement dates of May 22 and June 23.
- September 10, 2026 08:23
Cheffin launches Asian Noodle Kits with digital campaign; introduces Pad Thai, Miso Ramen, Spicy Kimchi, and Khow Suey for instant delivery
Cheffin, a food brand from Tasty Bite Eatables Limited, has launched its Asian Noodle Kits alongside a new digital video campaign, introducing a differentiated, first-of-its-kind noodle format to the Indian market. The range brings together ready noodles, real sauces or broths with vegetables and crunchy toppings in a single kit, to recreate a restaurant-style Asian noodle experience at home in just two minutes. The new range debuts with four celebrated Asian classics: Pad Thai, Miso Ramen, Spicy Kimchi, and Khow Suey, and is available for instant delivery across Blinkit, Zepto, and Swiggy Instamart, as well as on Amazon.
- September 10, 2026 08:23
Tuni Textile Mills finalises terms and schedule for rights issue of up to ₹4,898.66 lakhs
Tuni Textile Mills Limited has formally determined the final terms and schedule for its upcoming rights issue aggregating to an amount not exceeding ₹4,898.66 lakhs. The announcement comes in furtherance to the initial approval granted by the Board of Directors on March 10, 2026, and following the in-principle approval received from BSE Limited on July 14, 2026. During its meeting held on September 09, 2026, which commenced at 2:30 p.m. and concluded at 3:45 p.m., the Rights Issue Committee considered and approved the detailed structure of the offering alongside the Letter of Offer to be filed with BSE Limited.
- September 10, 2026 08:22
Ampere Magnus GMax begins ~4,000-km endurance ride from Arunachal Pradesh to Gujarat
Ampere Magnus GMax Begins the Ultimate Endurance Ride - Sets Out on a ~4,000 km ride from East to West of India
The Ultimate Endurance Ride is a Sunrise to Sunset journey from India’s easternmost point in Dong, Arunachal Pradesh, to westernmost point in Guhar Moti, Gujarat, testing the scooter across different terrain and weather conditions India has
Bengaluru/New Delhi, 08 September 2026: On this World EV Day, Ampere, the electric two-wheeler brand of Greaves Electric Mobility, has embarked on the Ultimate Endurance Ride - a ~4,000 km test of the Ampere Magnus GMax from India’s easternmost sunrise point in Dong, Arunachal Pradesh, to westernmost sunset point in Guhar Moti, Gujarat. Ridden by Girish Seth of Weekend on Wheels, the 15-day journey will traverse 8 states, taking the scooter across high-altitude mountain roads, highways, urban stretches, heat, humidity and challenging terrains. Over these 15 consecutive days the Ampere Magnus GMax will face a temperature swing of roughly 20° from around 15°C in the humid, monsoon-hit conditions of Dong to over 35°C in the Gujarat heat - descent of over 1,200 meters from Dong to sea level, and five distinct terrain types - rocky mountain passes, forested hill roads, smooth national highways, dense urban city stretches, and the coastal/salt-flat terrain near Guhar Moti. Every kilometer, every charge and every reading will be recorded.
- September 10, 2026 08:22
WATCH: Today's stock recommendation: September 10, 2026
- September 10, 2026 08:21
These 32 well-known stocks closed below their previous 52-week lows on September 9, 2026
🔻HUL
🔻Wipro
🔻Pfizer
🔻Dabur
🔻IRCTC
🔻Spice Jet
🔻Indosolar
🔻CSB Bank
🔻KP Energy
🔻Rallis India
🔻HDFC Bank
🔻Havells India
🔻Eureka Forbes
🔻Kama Holdings
🔻Empire Industries
🔻KEC International
🔻CMS Info Systems
🔻Network 18 Media
🔻Mahindra Holidays
🔻Aurionpro Solutions
🔻V.S.T. Tillers Tractors
🔻HDFC Life Insurance
🔻Indiamart Intermesh
🔻Saint-Gobain Sekurit
🔻CIE Automotive India
🔻ABM Knowledgeware
🔻Suraj Estate Developers
🔻Tata Consumer Products
🔻Bikaji Foods International
🔻SBI Life Insurance Company
🔻Taneja Aerospace & Aviation
🔻ICICI Lombard General Insurance
- September 10, 2026 08:20
3 FRESH SECURITIES ADDED TO F&O SEGMENT FROM OCTOBER SERIES
1. SIEMENS ENERGY
2. UJJIVAN SFB
3. ANAND RATHI WEALTH
- September 10, 2026 08:20
ALL-TIME HIGH BREAKOUT ALERT: SEPTEMBER 9, 2026
16 Stocks Ended the Day Above Their Previous All-Time Highs
💠Shanti Gears
💠Wheels India
💠Novartis India
💠SML Mahindra
💠Sai Life Sciences
💠ASM Technologies
💠Sansera Engineering
💠Sterlite Technologies
💠Bhartiya International
💠Craftsman Automation
💠India Nippon Electricals
💠Antelopus Selan Energy
💠ESDS Software Solution
💠Artemis Medicare Services
💠Spectrum Electrical Industries
💠Chennai Petroleum Corporation
- September 10, 2026 08:19
Jefferies - Vodafone Idea - Answering the turnaround call | Initiate at BUY
VIL offers high-beta turnaround opportunity in Indian telecom. We expect subscriber stabilization to support an 11% revenue CAGR over FY26-29 which along with strong operating leverage will drive a 25% cash EBITDA CAGR and a sharp ROIC inflection through FY31. VIL’s premium multiples should sustain during the turnaround. With every 10% tariff hike potentially driving c.34% equity upside, we initiate with BUY and Rs20 PT, albeit with execution and funding risks.
Subscriber turnaround to drive growth uptick: VIL’s network investments are already driving down churn and will likely drive down churn further and also boost gross subscriber additions, which in turn should drive a turnaround in subscriber additions from FY28. This should improve the translation of tariff hikes into revenue growth for VIL. Moreover, VIL’s lower share data subscribers offers higher scope for subscriber premiumization. We forecast 11% revenue CAGR over FY26-29, driven by subscriber stabilization, premiumization and tariff-led ARPU growth, helping sustain revenue market share.
Operating leverage to drive 25% CAGR in cash EBITDA: Over FY26-29, we expect Vodafone Idea to deliver a 840bps expansion in cash EBITDA margins to 29% primarily driven by operating leverage. Our assumptions imply incremental Ebitda margins of ~50% over FY26-29 - which is lower than the 60%+ margins for telcos considering the accelerated network rollouts during this period. We expect incremental EBITDA margins to rise further to 60%+ from FY30 once network rollouts normalise. This should enable VIL to deliver 25% CAGR in cash EBITDA over FY26-31.
Solving for VIL’s cashflow pressures: While VIL’s operating cashflows will grow at a steady pace, its cash outflows will rise sharply to Rs400bn+ annually during FY29-34 driving a temporary cashflow mismatch over this period. While the Rs250bn debt raise will be sufficient to tide over FY27-29, VIL will need Rs160bn fresh equity infusion in FY30 which will also trigger conversion of spectrum liabilities worth Rs153bn to equity by the Govt. This shall be sufficient to cover the cashflow shortfall over FY30-34. Given that VIL has raised equity of Rs447bn since 2019, we believe raising another Rs160bn equity amidst improving operating cashflows and continued govt. support may not be that difficult.
High-beta turnaround play; Initiate at BUY: VIL is a high-beta turnaround story, supported by accelerating revenue growth, operating leverage, and tariff-led earnings expansion. Strong cash EBITDA margin expansion from depressed levels of 21% will not only drive a 25% CAGR in cash EBITDA over FY26-31 but will also drive an ROIC inflection from negative territory today to double digits by FY32. VIL is the most leveraged beneficiary of tariff hikes, with every 10% increase potentially driving ~34% equity value upside. Our Rs20 PT is based on 23x EV/Cash EBITDA - in line with its 5-yr average. Our investment thesis hinges on future tariff hikes and a required Rs160bn equity raise by FY30.
- September 10, 2026 08:08
Key technicals for today’s trade
* Trend: Bearish — the downtrend remains intact in Nifty 50 and September futures.
* Advance/decline ratio: 20/30 — breadth is negative, supporting the bearish bias.
* Immediate support: 23,500 in September futures. A break below this could trigger further selling.
* Next support/target: 23,300.
* Immediate resistance: 23,600. Upside is likely to remain capped here unless there is a clear breakout.
* Higher resistance: 23,680, followed by 23,750.
* Futures price action: September futures opened below the previous close and remain around 23,530, despite the underlying Nifty opening higher — a sign of weakness.
* Sector breadth: Nifty Realty is the weakest sector, while PSU Bank is outperforming; this does not alter the broader bearish setup.
Key trading levels
* Bearish trigger: Below 23,500
* Downside target: 23,300
* First resistance: 23,600
* Breakout level: Above 23,600
* Higher targets/resistances: 23,680–23,750
- September 10, 2026 08:04
Indian stocks likely to remain under pressure as crude oil, US yields rise
Indian stocks face pressure from rising crude oil prices, US yields
Indian stocks may remain under pressure as crude oil prices rise, US Treasury yields firm and geopolitical tensions keep investors cautious.
- September 10, 2026 08:02
Stocks in focus today: Indian Bank, Hindustan Zinc, Wipro, Shakti Pumps and more
Stocks to watch today: Indian Bank, Hindustan Zinc, Enviro Infra, Wipro and more
Key stock movements today include Indian Bank's NSE stake sale, Hindustan Zinc's EV deal, and Shakti Pumps' Maharashtra order.
- September 10, 2026 07:07
Rentomojo IPO: Renting growth, but buying in at a steep price
Rentomojo IPO Review: Strong Growth, But Should You Apply For Long-Term?
Rentomojo has strong growth, improving operations and a leading rental-market position, but its steep valuation leaves little margin of safety. Should investors subscribe?
- September 10, 2026 07:04
Poonawalla Fincorp gets CRISIL AAA/Stable rating
Poonawalla Fincorp said CRISIL Ratings has reaffirmed its CRISIL AAA/Stable rating on its long-term bank loan facilities, enhanced to ₹19,785 crore from ₹15,285 crore. The rating agency also assigned CRISIL AAA/Stable ratings to ₹9,600 crore of subordinated debt and non-convertible debentures. Its short-term bank facilities and commercial paper were reaffirmed at CRISIL A1+. CRISIL AA+/Stable ratings on perpetual bonds were also reaffirmed.
- September 10, 2026 07:01
Juniper Green Energy commissions 75 MW wind-solar hybrid project
Juniper Green Energy Ltd said its wholly owned subsidiary Juniper Green Spark Ten Pvt Ltd has fully commissioned a 75 MW wind-solar hybrid power project, with the final 10 MW wind capacity commissioned on September 9, 2026. The commissioning was witnessed and confirmed by Maharashtra State Electricity Distribution Company Ltd (MSEDCL) officials, with the formal certificate expected shortly. Following the commissioning, Juniper Green Energy and its subsidiaries have an aggregate operational capacity of about 2,604 MWp and 500 MWh BESS.
Shares flat at Rs 261.50 on the NSE.
- September 10, 2026 06:45
India Inc taps corporate bond market amid liquidity surplus and rate hike concerns
India Inc taps corporate bond market amid liquidity surplus and rate hike concerns
India Inc is leveraging surplus liquidity to raise funds in the corporate bond market amid potential interest rate hikes.
- September 10, 2026 06:44
India’s merchandise exports estimated to grow 15% in April-August: Piyush Goyal
India’s merchandise exports estimated to grow 15% in April-August
India’s merchandise exports are estimated to grow over 15% in April-August this fiscal despite global uncertainties, Commerce Minister Piyush Goyal said.
- September 10, 2026 06:44
India-BRICS trade: What the numbers show
India-BRICS trade: Key trends and numbers
India’s goods trade with BRICS more than doubled to $417.5 billion in FY26, while the trade deficit more than tripled to $226.1 billion, GTRI said.
- September 10, 2026 06:44
Hero Motors fixes IPO price band at ₹79-84; issue opens September 16
Hero Motors IPO price band set at ₹79-84 per share
Hero Motors has set its IPO price band at ₹79-84 per share. The $105 million issue opens September 16, with anchor bidding on September 15.
Published on September 10, 2026
English (US) ·