On Monday, 2,015 stocks advanced, 2,472 declined and 258 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.81 indicating a negative closing. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 168 securities advanced and closed at a new 52-week high whereas 108 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Pharma, and Nifty Defence were among the biggest gainers. Nifty Media, Nifty Metal and Nifty IT were among the biggest losers.
PVR INOX Limited (−5.76%) denied reports of a ₹200‑crore kickback probe, clarifying that the allegations stemmed from anonymous communications lacking names, dates, or evidence. The company said a third‑party review found no impropriety, and Mr. Pramod Arora’s May 2026 resignation was for personal reasons, not linked to the claims.
Sterlite Technologies (STL) (+4.99%) has unveiled its Lakshya roadmap, aiming to quadruple revenue to ₹20,000 crore and lift EBITDA margins above 27% by FY29. The plan pivots STL from telecom‑cycle dependence to AI‑driven optical demand, with fibre density per rack projected to rise up to 64‑fold in next‑gen architectures.
Vodafone Idea (+3.86%) has secured relief as the Supreme Court dismissed the government’s appeal against the Bombay High Court order quashing a ₹363‑crore GST demand. The dispute arose from a 2017 tower business transfer, but the show‑cause notice was issued in 2024 against Vodafone Mobile Services Limited — an entity that had merged in 2018.
Raghav Productivity Enhancers Limited (RPEL) (−6.97%) entered a joint venture with TRL Krosaki Refractories to set up a ₹100‑crore silica ramming mass facility in Odisha with 3.5 lakh MTPA capacity. The partnership combines RPEL’s patented technology and market presence with TRL Krosaki’s quartzite resources and global refractory expertise, ensuring long‑term raw‑material security
Pfizer Limited (−0.29%) will discontinue Minipress XL in India from 7 September 2026, following Pfizer Inc. USA’s decision to stop manufacturing the product. In connection with the withdrawal, Pfizer Limited will receive a lump sum payment of about ₹131.38 crore (USD 13.9 million) from its parent company.
Lupin (−0.24%) received USFDA approval for Modafinil Tablets USP (100 mg and 200 mg), bioequivalent to Provigil, indicated for wakefulness in patients with narcolepsy, obstructive sleep apnea, or shift work disorder.
Mazagon Dock (−0.84%) won a ₹117.99‑crore AI security order from Maharashtra State Electricity Transmission Company (MSETCL) for an “AI‑based Comprehensive Infrasecure Project.” The contract covers supply, installation, and commissioning of AI‑driven security systems across five substations, with execution over 24 months.
RVNL (−1.15%) received a ₹903‑crore Letter of Award from SJVN Thermal for Phase III construction at the 1,320 MW Buxar Thermal Power Project in Bihar. The scope includes building a permanent railway siding and aerial track connection from the plant boundary to Chausa and Pawani Kamarpur, with a 36‑month execution timeline.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
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Market This Week
Moneylife Digital Team
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Moneylife’s market breadth indicators maintained their position of emerging strength territory this week. The trends of the major indices in the course of the week's trading are given in the table below:
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Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team
04 September 2026
INDIAN MARKET TRENDS
From 28th August to 3 September 2026, ML Small-cap Index rose 1%. ML Mid-cap Index, ML Micro-cap Index and ML Large-cap Index ended flat. The NIFTY, ML Mega-cap Index and the Sensex fell 1% each.
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