VRIGHT Exchange – Daily Digest | Sector-Wise Update for Monday, September 8, 2025,

Equity Markets & Sentiment
• Flat Opening: Nifty ~24,740 and Sensex ~80,710—markets indecisive ahead of US labor data and RBI settlement holiday shuffle. Bank Nifty under pressure weighed on overall sentiment, while autos, metals, and consumer themes outperformed.

• Earnings Focus: Analysts reaffirm that equity strength now hinges on corporate earnings recovery; policy optimism alone may not sustain momentum.

Economy & Macro Trends
• Services PMI at Multi-Year High: HSBC Services PMI hit 62.9 in August, with composite PMI at 63.2, but escalating input/output prices signal cost pressure.

• Nominal GDP Growth Wobbles: Despite real GDP growth of 7.8%, nominal growth is slowing (~8.5–9%), and corporate revenue growth has decelerated to ~3.4% YoY. Mixed signals for consumer outlets and valuation metrics.

Corporate Actions
• IPO Spotlight: Chartered Speed, an intercity mobility operator, filed DRHP for a ₹855 crore IPO—roadshows and anchor book finalisation expected within the week.

Global & Policy Developments
• Policy Pivot: In response to U.S. 50% tariffs, India introduced sweeping GST reform—taxes cut on ACs, electronics, and more—to support domestic demand during festive buying season. Projected boost: $20 billion/year in discretionary spending.

• Global Cues: Gold priced near record highs (close to $3,600/oz) on growing Fed rate cut expectations after US job data. OPEC+”s decision to slow output growth in October lent mild support to rising oil prices (~$65–66/bbl).

Regulatory & Market Operations
• Settlement Disruption: RBI canceled the Sept 5 (Friday) holiday and declared Sept 8 (Monday) as the Banking holiday, causing two consecutive settlement breaks. Trade processing and flows may be delayed over the long weekend.

Corporate Updates
• Adani Power: Signed an agreement with Bhutan’s Druk Green Power to jointly set up a 570 MWh hydroelectric project at Wangchhu.

• SIS: To acquire A P Securitas with a 51% stake purchase for ₹73.4 crore; balance stake to be acquired by 2029 for full ownership.

• Sunteck Realty: Board approved a preferential allotment of 1.17 crore warrants at ₹425 each (~₹500 crore) to promoters and investors; also appointed Ajeet Singh as Whole-Time Director.

• ACME Solar Holdings: Acquiring a 100% stake in AK Renewable Infra for ₹79.25 crore.

• Max Estates: Approved the acquisition of Base Buildwell, securing development rights for a 7.25-acre land parcel in Gurugram.

• Lupin: USFDA conducted a Pre-Approval Inspection at its Chhatrapati Sambhajinagar facility; inspection closed with two observations, to be addressed within the stipulated timeframe.

• Dr Reddy’s Laboratories: USFDA conducted a GMP inspection at its API unit in Mirfield, UK, resulting in a Form 483 with seven observations.

• Swelect Energy: Completed the divestment of 3 lakh shares in Gem Sugars.

• TVS Motor: Launched limited-edition variants and premium upgrades of its Apache series.

• Aegis Logistics: Commissioned 61,000 KL of new storage capacity with an investment of ₹99.9 crore, effective September 6.

• Imagicaaworld Entertainment: Acquired a 6.65 MW solar power plant in Solapur, Maharashtra, from Giriraj Enterprises for ₹16 crore.

• Nuvoco Vistas: Received show-cause notices proposing denial of ₹99.97 crore tax deduction on NCD interest and an additional ₹352.55 crore potential tax liability for FY20.

• Tata Motors: Announced a price cut of up to ₹1.45 lakh on passenger vehicles, effective September 22.

• Ashok Leyland: Partnered with Punjab Gramin Bank to offer vehicle financing with customised solutions and flexible repayment options.

• Life Insurance Corporation (LIC): Anticipates the GST cut on insurance premiums will have a nominal (<0.5%) impact on its embedded value.

• Bharat Heavy Electricals (BHEL): Entered a 10-year exclusive MoU with Horizon Fuel Cell Technologies to jointly develop hydrogen fuel cell-based rolling stock