SEBI may propose changes to the calculation of settlement prices for equity derivatives after sharp moves under the new closing-auction process raised concerns.
10:45 PMBloomberg Markets93 stories from 4 sources
SEBI reconsiders derivatives settlement after closing-auction volatility
Day’s Recap
Supporting Articles
India’s markets regulator is considering changes to equity derivatives settlement pricing after market participants linked the new closing-auction system to sharp price swings.
12:55 PMBloomberg Markets
India's IPO market could exceed last year's record fundraising if issuance accelerates in the second half of 2026. Potential large offerings from Jio Platforms and the NSE, alongside stronger listings and investor demand, could take total fundraising near Rs 2 lakh crore.
11:51 PMEconomic Times
State-run REC plans to raise 5 billion rupees through India's first corporate bond issue designed for blockchain-based instant settlement. The transaction will use the Reserve Bank of India's digital currency, and participation will require an active digital wallet.
11:58 PMEconomic TimesAir India is nearing a 100 billion rupee financial support package from its owners, Tata Sons and Singapore Airlines. The proposed aid comes after a turbulent year for the carrier.
3:45 AMBloomberg Markets
Reliance Industries shares have fallen 17% despite strong refining and petrochemical margins. Investors are looking for evidence of recovery in Reliance Retail, progress in new energy and stronger free cash flow generation before assigning greater value to the company's future growth.
11:42 PMEconomic Times
Tata Chemicals reported a consolidated net loss of Rs 17 crore in the June 2026 quarter, against a profit of Rs 252 crore a year earlier, even as revenue rose 14.4% to Rs 4,255 crore. EBITDA fell 14.5% amid weaker overseas realisations, while Kenya's order to end operations added pressure to the stock.
11:45 PMEconomic Times
HAL shares gained nearly 3% after GE Aerospace delivered three F404-IN20 engines in August for the Tejas Mk1A programme. The deliveries follow prolonged supply delays as HAL works to fulfil orders for 180 fighters.
11:54 PMEconomic TimesA unit of Kumar Mangalam Birla’s conglomerate has secured commitments of up to 240 billion rupees from at least four banks for an acquisition loan, well above its initial requirement.
3:42 AMBloomberg Markets10:45 PMBloomberg Markets
Sharp Price Swings Prompt SEBI Review of India’s Closing Auction
Summary
SEBI may propose changes to the calculation of settlement prices for equity derivatives after sharp moves under the new closing-auction process raised concerns.
The regulator is now testing whether the closing auction produces reliable reference prices for derivatives
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Settlement-price rules can move gains and losses across the derivatives market even when the underlying cash market barely changes.
12:55 PMBloomberg Markets
India’s SEBI to Review Options Settlement Pricing After Closing Auction Chaos
Summary
India’s markets regulator is considering changes to equity derivatives settlement pricing after market participants linked the new closing-auction system to sharp price swings.
SEBI’s review signals that the revised auction mechanism may have distorted the prices used to
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The review could reset how India’s rapidly growing derivatives market manages price formation and expiry volatility.
11:51 PMEconomic Times
Will 2026 be India's biggest IPO year? Slow H1 may not stop record Rs 2 lakh crore haul
Summary
India's IPO market could exceed last year's record fundraising if issuance accelerates in the second half of 2026. Potential large offerings from Jio Platforms and the NSE, alongside stronger listings and investor demand, could take total fundraising near Rs 2 lakh crore.
The record outcome depends on a concentrated second-half pipeline, not the slow first half. Mega
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A record IPO year would give Indian companies a larger funding channel while testing the market's ability to absorb very large issues.
11:58 PMEconomic Times
REC set to debut tokenised corporate bond sale next week: Bankers
Summary
State-run REC plans to raise 5 billion rupees through India's first corporate bond issue designed for blockchain-based instant settlement. The transaction will use the Reserve Bank of India's digital currency, and participation will require an active digital wallet.
The sale moves tokenized debt from experimentation toward a live capital-markets transaction, with settlement infrastructure
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A successful issue could give India's digital rupee a practical role in corporate finance and accelerate tokenized bond markets.
3:45 AMBloomberg Markets
Air India Closes in on $1.1 Billion Financial Aid From Owners
Summary
Air India is nearing a 100 billion rupee financial support package from its owners, Tata Sons and Singapore Airlines. The proposed aid comes after a turbulent year for the carrier.
The funding would give Air India’s owners room to absorb recent disruption and support the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A large owner-funded package signals that Air India’s turnaround remains capital intensive and unfinished.
11:42 PMEconomic Times
Reliance shares are down 17% despite soaring refining margins. What the market is missing
Summary
Reliance Industries shares have fallen 17% despite strong refining and petrochemical margins. Investors are looking for evidence of recovery in Reliance Retail, progress in new energy and stronger free cash flow generation before assigning greater value to the company's future growth.
The stock's decline shows that investors are discounting current energy profits against execution risks in
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Reliance needs to convert its diversified growth investments into visible earnings and cash flow to regain market confidence.
11:45 PMEconomic Times
Tata Chemicals shares fall 3% after Kenya orders end to operations. Here’s why
Summary
Tata Chemicals reported a consolidated net loss of Rs 17 crore in the June 2026 quarter, against a profit of Rs 252 crore a year earlier, even as revenue rose 14.4% to Rs 4,255 crore. EBITDA fell 14.5% amid weaker overseas realisations, while Kenya's order to end operations added pressure to the stock.
The revenue increase did not translate into earnings because lower overseas realisations compressed profitability. The
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Investors are now focused on margin recovery and the financial fallout from the Kenya exit, not just reported revenue growth.
11:54 PMEconomic Times
HAL shares rise nearly 3% as GE Aerospace delivers 3 more F404 engines for Tejas Mk1A
Summary
HAL shares gained nearly 3% after GE Aerospace delivered three F404-IN20 engines in August for the Tejas Mk1A programme. The deliveries follow prolonged supply delays as HAL works to fulfil orders for 180 fighters.
The engine deliveries ease a key production constraint, but three units will not materially change
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A stable engine supply, rather than assembly capacity alone, will determine whether HAL can accelerate Tejas deliveries.
3:42 AMBloomberg Markets
Billionaire Birla Unit’s Buyout Loan Draws $2.5 Billion in Bids
Summary
A unit of Kumar Mangalam Birla’s conglomerate has secured commitments of up to 240 billion rupees from at least four banks for an acquisition loan, well above its initial requirement.
Banks are showing strong appetite for financing the acquisition, giving the Birla unit greater negotiating
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The oversubscribed loan points to robust lender confidence in the buyer and India’s acquisition market.
Other Developments
A curated list of other prominent stories from this day.
Indian equities opened higher on Friday, with the Sensex gaining about 0.7% while the Nifty rose only marginally. Midcaps also edged up, Bajaj Finserv led Sensex gains, and market breadth remained positive.
11:59 PMEconomic Times
Paluck Technologies and Complete Sports and Management India are scheduled to list on the BSE SME platform, with grey market indications showing sharply different expectations for their debuts.
11:58 PMEconomic Times
The Rs 125 crore Rays of Belief IPO is expected to finalise allotments on September 4 after attracting 107.71 times subscription. The shares are scheduled to list on the BSE and NSE on September 8, with the grey market indicating a potential 5% gain.
11:37 PMEconomic Times
With the Nifty trading at about 20.5 times earnings, Pradeep Gupta argues that large-cap valuations remain reasonable relative to their 10-year average. He points to accelerating corporate earnings and more upgrades than downgrades, while warning that valuation concerns are greater in smallcaps.
11:32 PMEconomic Times
Four Nifty500 stocks, including Finolex Cables, formed White Marubozu candlestick patterns on September 3. The pattern reflects strong buying through the session, with buyers retaining control from open to close.
11:30 PMEconomic Times
The Deepa Jewellers IPO is expected to finalise allotments after receiving 42.61 times subscription. Its grey-market premium points to a potential 11% listing gain ahead of the planned BSE and NSE debut on September 8.
11:28 PMEconomic Times
Gland Pharma shares fell after 1.2 crore shares changed hands in two block deals, with promoter Fosun Pharma Industrial likely the seller. The company also reported strong Q1FY27 growth, while its VSEZ facility received zero observations in a recent USFDA inspection.
11:26 PMEconomic Times
HDFC Bank projects India’s balance of payments to record a $60 billion to $65 billion surplus in FY27 even as the current account deficit widens. The forecast implies that capital inflows and other external financing sources could more than offset the larger trade and current-account gap.
11:25 PMEconomic Times
Qualiance International's Rs 45.11 crore SME IPO opens on September 4 and is expected to list on the NSE SME platform on September 11. The issue will finance a new Tiruppur manufacturing facility, while FY26 revenue rose 47% and profit increased 142%; grey-market pricing implies a potential 43% listing gain.
11:23 PMEconomic Times
Four Nifty500 stocks that gained more than 5% on September 3 appeared in an RSI Trending Up scan. The signal occurs when RSI crosses above 50 from below, indicating improving price momentum.
11:20 PMEconomic Times
Brokerages have initiated coverage on Adani Ports, Welspun Corp, and Wakefit Innovations with buy ratings and price targets implying potential gains of 19% to 34%. The recommendations are linked to expected infrastructure, thermal-capacity, and oil and gas investment demand.
11:18 PMEconomic Times
The provided material identifies a live market-performance update for Bajaj Finserv but contains no trading, price, or company-specific details.
11:10 PMEconomic Times
The provided material identifies a live market-performance update for Bajaj Auto but contains no trading, price, or company-specific details.
11:01 PMEconomic Times
The provided material identifies a live market-performance update for HDFC Life but contains no trading, price, or company-specific details.
11:10 PMEconomic Times
The provided material identifies a daily market-performance update for Infosys but contains no trading, price, or company-specific details.
11:00 PMEconomic Times
Tata Motors' passenger-vehicle stock recorded positive movement, but the available report provides no price level, percentage change, or stated catalyst.
11:00 PMEconomic Times
Rentomojo has set its IPO price band at Rs 384-404 per share for a Rs 1,255.57 crore issue opening on September 9 and closing on September 11. The offering includes a Rs 150 crore fresh issue and a Rs 1,105.57 crore offer for sale, with the upper-band valuation reaching about 40 times projected FY26 earnings.
10:57 PMEconomic Times
The report provides a live overview of Tata Consumer Products' share price and returns, but the available material does not include a specific price move, return period, or market trigger.
10:57 PMEconomic Times
Swiggy has launched Crew, a travel concierge designed to manage problems and requests that do not fit neatly into standard booking apps. The service expands Swiggy beyond food delivery into a more service-intensive travel market.
8:05 AMSkiftBeams Fintech Fund has led a $22 million equity round in MSME-focused non-bank finance company NextGen Finance, taking a 26% stake with backing from Baring PE India and Saison Capital.
7:25 AMFinextraShares of the dormant Calcutta Stock Exchange have more than doubled in the unlisted market over the past three months as efforts to revive the bourse gain momentum.
6:26 AMBloomberg Markets11:59 PMEconomic Times
Sensex rises 363 points, Nifty ends near 23,900 as market closes at day’s low. What lies ahead?
Summary
Indian equities opened higher on Friday, with the Sensex gaining about 0.7% while the Nifty rose only marginally. Midcaps also edged up, Bajaj Finserv led Sensex gains, and market breadth remained positive.
The gap between the Sensex and Nifty indicates that gains were concentrated in selected heavyweight
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The opening points to selective risk appetite rather than a decisive market-wide breakout.
11:58 PMEconomic Times
Paluck Technologies, Complete Sports and Management SME shares to list today: GMP signals diverging sentiment
Summary
Paluck Technologies and Complete Sports and Management India are scheduled to list on the BSE SME platform, with grey market indications showing sharply different expectations for their debuts.
The divergent grey market signals suggest investors are distinguishing sharply between the companies rather than
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The listings will test whether retail enthusiasm for SME offerings can translate into durable post-listing demand.
11:37 PMEconomic Times
Rays of Belief IPO allotment likely today: GMP signals 5% listing gain. Here’s how to check status
Summary
The Rs 125 crore Rays of Belief IPO is expected to finalise allotments on September 4 after attracting 107.71 times subscription. The shares are scheduled to list on the BSE and NSE on September 8, with the grey market indicating a potential 5% gain.
The extreme oversubscription signals strong short-term demand, but it also means most applicants will receive
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The issue will test whether intense retail and speculative demand can translate into a durable post-listing market.
11:32 PMEconomic Times
ETMarkets Smart Talk | Nifty at 20.5x is not expensive; smallcaps are where valuations worry us: Pradeep Gupta
Summary
With the Nifty trading at about 20.5 times earnings, Pradeep Gupta argues that large-cap valuations remain reasonable relative to their 10-year average. He points to accelerating corporate earnings and more upgrades than downgrades, while warning that valuation concerns are greater in smallcaps.
The key distinction is between large caps supported by earnings revisions and smaller companies priced
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The valuation debate is shifting from the broad market to the gap between earnings-backed large caps and expensive smallcaps.
11:30 PMEconomic Times
Finolex Cables among 4 stocks flashing bullish signals, hinting at a possible uptrend
Summary
Four Nifty500 stocks, including Finolex Cables, formed White Marubozu candlestick patterns on September 3. The pattern reflects strong buying through the session, with buyers retaining control from open to close.
The signals indicate near-term momentum, but they do not establish a durable trend without confirmation
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The setup identifies stocks attracting decisive buying, but technical strength remains vulnerable if subsequent sessions fail to confirm it.
11:28 PMEconomic Times
Deepa Jewellers IPO allotment likely today: GMP signals 11% listing gain. Here’s how to check status
Summary
The Deepa Jewellers IPO is expected to finalise allotments after receiving 42.61 times subscription. Its grey-market premium points to a potential 11% listing gain ahead of the planned BSE and NSE debut on September 8.
The subscription level shows strong demand, but the allocation process will leave most applicants without
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The IPO illustrates how strong application demand and grey-market pricing are shaping expectations before new shares begin trading.
11:26 PMEconomic Times
Block deal alert! Gland Pharma shares fall 3% as 1.2 crore shares change hands in 2 block deals; promoter Fosun likely seller
Summary
Gland Pharma shares fell after 1.2 crore shares changed hands in two block deals, with promoter Fosun Pharma Industrial likely the seller. The company also reported strong Q1FY27 growth, while its VSEZ facility received zero observations in a recent USFDA inspection.
The immediate shift is ownership-related, not operational: Fosun's likely stake sale has created selling pressure
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A large promoter-linked sale can pressure the stock and alter its ownership outlook even when fundamentals remain strong.
11:25 PMEconomic Times
HDFC Bank Share Price Live Updates: India's balance of payments likely to post $60-65 bn surplus in FY27 despite wider CAD: HDFC Bank
Summary
HDFC Bank projects India’s balance of payments to record a $60 billion to $65 billion surplus in FY27 even as the current account deficit widens. The forecast implies that capital inflows and other external financing sources could more than offset the larger trade and current-account gap.
The decisive point is that India could maintain external-sector stability despite weaker current-account arithmetic. A
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A projected external surplus would strengthen India’s currency and reserve buffers while making sustained foreign-capital inflows more important.
11:23 PMEconomic Times
Qualiance International SME IPO opens today: GMP signals 43% listing gain — Check key details
Summary
Qualiance International's Rs 45.11 crore SME IPO opens on September 4 and is expected to list on the NSE SME platform on September 11. The issue will finance a new Tiruppur manufacturing facility, while FY26 revenue rose 47% and profit increased 142%; grey-market pricing implies a potential 43% listing gain.
Investor attention is centered on a strong expected listing pop, but the IPO's longer-term case
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The offering combines rapid reported growth with high speculative listing expectations and elevated SME-market risk.
11:20 PMEconomic Times
Anant Raj among 4 stocks showing bullish RSI upswing
Summary
Four Nifty500 stocks that gained more than 5% on September 3 appeared in an RSI Trending Up scan. The signal occurs when RSI crosses above 50 from below, indicating improving price momentum.
The decisive shift is technical momentum, not a change in company fundamentals. A move above
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The screen identifies stocks with strengthening momentum, but investors still need fundamental and liquidity checks before treating it as an actionable signal.
11:18 PMEconomic Times
Hot Stocks: 3 stocks that may give returns between 19-34%
Summary
Brokerages have initiated coverage on Adani Ports, Welspun Corp, and Wakefit Innovations with buy ratings and price targets implying potential gains of 19% to 34%. The recommendations are linked to expected infrastructure, thermal-capacity, and oil and gas investment demand.
The shift is a fresh broker-backed investment case around companies positioned for India's infrastructure and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
New coverage can expand institutional attention, but the upside targets remain conditional on demand, execution, and valuation.
11:10 PMEconomic Times
Bajaj Finserv Share Price Live Updates: Bajaj Finserv Market Performance
Summary
The provided material identifies a live market-performance update for Bajaj Finserv but contains no trading, price, or company-specific details.
No decisive market shift can be established from the available information. Investors would need the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Without current market data, the update cannot support a reliable view of Bajaj Finserv's near-term direction.
11:01 PMEconomic Times
Bajaj Auto Share Price Live Updates: Bajaj Auto's Stock Performance
Summary
The provided material identifies a live market-performance update for Bajaj Auto but contains no trading, price, or company-specific details.
No decisive market shift can be established from the available information. Investors need current price
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A live-price headline without underlying data offers no basis for assessing Bajaj Auto's market outlook.
11:10 PMEconomic Times
HDFC Life Share Price Live Updates: HDFC Life Shows Strong Market Performance
Summary
The provided material identifies a live market-performance update for HDFC Life but contains no trading, price, or company-specific details.
No decisive market shift can be established from the available information. Assessing HDFC Life requires
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The absence of supporting data makes the claimed strong performance impossible to evaluate.
11:00 PMEconomic Times
Infosys Share Price Live Updates: Infosys Daily Performance Snapshot
Summary
The provided material identifies a daily market-performance update for Infosys but contains no trading, price, or company-specific details.
No decisive market shift can be established from the available information. A useful assessment would
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The missing market and business details prevent investors from distinguishing routine movement from a material change in Infosys's outlook.
11:00 PMEconomic Times
Tata Motors PV Share Price Live Updates: Tata Motors PV Sees Positive Movement
Summary
Tata Motors' passenger-vehicle stock recorded positive movement, but the available report provides no price level, percentage change, or stated catalyst.
The reported shift is directionally positive, but there is not enough information to determine whether
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Without the size and cause of the gain, the signal is too limited to support a clear investment view.
10:57 PMEconomic Times
Rentomojo fixes price band for Rs 1,256 crore issue opening on September 9
Summary
Rentomojo has set its IPO price band at Rs 384-404 per share for a Rs 1,255.57 crore issue opening on September 9 and closing on September 11. The offering includes a Rs 150 crore fresh issue and a Rs 1,105.57 crore offer for sale, with the upper-band valuation reaching about 40 times projected FY26 earnings.
The issue is primarily an exit opportunity for existing shareholders, since nearly 88% of the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The IPO asks investors to pay a growth valuation while delivering relatively little new capital to the business.
10:57 PMEconomic Times
Tata Consumer Share Price Live Updates: Tata Consumer's Price and Returns Overview
Summary
The report provides a live overview of Tata Consumer Products' share price and returns, but the available material does not include a specific price move, return period, or market trigger.
No decisive change can be established from the available information. Investors would need the stock's
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A returns snapshot without a time frame or benchmark offers little basis for evaluating the stock's momentum.
8:05 AMSkift
Swiggy Has a New Travel Concierge. Can a Food Delivery App Make It Work?
Summary
Swiggy has launched Crew, a travel concierge designed to manage problems and requests that do not fit neatly into standard booking apps. The service expands Swiggy beyond food delivery into a more service-intensive travel market.
Swiggy is testing whether its operational network and consumer reach can translate into a high-touch
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Swiggy is moving into a business where trust and execution matter more than transaction volume.
7:25 AMFinextra
Beams Fintech Fund secures $22m for NextGen Finance
Summary
Beams Fintech Fund has led a $22 million equity round in MSME-focused non-bank finance company NextGen Finance, taking a 26% stake with backing from Baring PE India and Saison Capital.
The investment gives NextGen Finance fresh capital to expand lending to micro, small and medium-sized
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Capital is flowing toward lenders that target the financing gap among smaller businesses.
6:26 AMBloomberg Markets
Calcutta Exchange’s Unlisted Shares Double on Revival Hopes
Summary
Shares of the dormant Calcutta Stock Exchange have more than doubled in the unlisted market over the past three months as efforts to revive the bourse gain momentum.
The rally reflects a sharp repricing of revival potential, not a recovery in operating activity.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The surge shows how quickly unlisted-market prices can anticipate a turnaround before fundamentals or approvals are in place.
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