On Thursday, 2,480 stocks advanced, 1,885 declined, and 216 remained unchanged on the Bombay Stock Exchange with an advance-decline ratio of 1.34, indicating a positive closing. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 106 securities advanced and closed at a new 52-week high, whereas 74 securities sank to close at their new 52-week lows. Nifty Media, Nifty India Defence and Nifty PSU Bank were the biggest gainers. Nifty IT, Nifty FMCG and Nifty Auto were the biggest losers.
Deepak Fertilizers And Petrochemicals Corporation Limited (−4.29%) declined amid broader market and sector pressure. No material company-specific negative announcement drove the fall. Separately, the company held its AGM on the day, where all six resolutions — including adoption of financial statements, a 100% dividend recommendation, and key re-appointments — were passed with near-unanimous shareholder support. The company also reported FY26 consolidated operating revenue of over ₹11,500 crore, operating EBITDA of over ₹1,650 crore, and PAT of around ₹740 crore, with Q1 FY27 marking its highest-ever EBITDA and PAT doubling year-on-year.
Hikal Limited (+19.82%) advanced sharply. No fresh company-specific catalyst was reported on the day; the move appears driven by broader buying interest in mid- and small-cap chemical and pharma names amid strong volumes.
Inox Wind Limited (+4.83%) secured a 100 MW turnkey order from Indian Oil Corporation Limited, valued at approximately ₹755 crore, as per its exchange filing dated 3 September 2026. The order covers supply of wind turbine generators, EPC services, and 10-year post-commissioning O&M, and marks a repeat engagement from one of India's largest institutional buyers.
Shanthi Gears Limited (+9.99%) board appointed Sai Krishna Alluri as CFO on a full-time basis, as per its exchange filing dated 3 September 2026. Alluri is a qualified Chartered Accountant and Cost Accountant with over 16 years of experience. The board also appointed Helena Susan as Head of Human Resources with immediate effect, designating her as Senior Management Personnel.
Power Grid Corporation of India Limited (-0.45%) was declared the successful bidder for an inter-state transmission project to integrate 7,500 MW of renewable power from Gujarat's Lakadia Renewable Energy Zone, quoting annual transmission charges of ₹1,152.49 crore, as per its exchange filing and Letter of Intent received on 3 September 2026. The project, to be developed on a Build, Own, Operate and Transfer basis, includes establishment of a new 765/400 kV Lakadia-II substation and associated 765 kV transmission lines across Gujarat.
Ceigall India Limited (+2.04%) received a Letter of Intent from REC Power Development and Consultancy Limited on 3 September 2026 for establishing a Common Transmission System covering Lakadia Phase II (7.5 GW), Jam Khambhaliya Phase II (5.5 GW) and Jamnagar Phase I (1 GW). The project is valued at approximately ₹5,300 crore inclusive of GST, with annual transmission charges of ₹608.67 crore over 35 years and a 36-month execution period.
Prestige Estates Projects (+2.10%) acquired a 17.14-acre land parcel in Sector 109, Gurgaon, for a residential project with an estimated Gross Development Value of ₹5,600 crore and saleable area of approximately 2.8 million square feet, as per its exchange filing dated 3 September 2026. The project benefits from direct connectivity to the Dwarka Expressway and forms part of the company's expanding NCR residential pipeline.
Balu Forge Industries (-1.39%) announced the acquisition of a ring rolling production line capable of forging rings up to 6.7 metres in outer diameter and weighing up to 18,000 kg per product, as per its exchange filing dated 3 September 2026. The line adds 18,000 tonnes of specialised heavy ring rolling capacity targeting sectors including defence, aerospace, wind energy, nuclear power, oil and gas, and marine. Trial production is expected before end of 2026.
Max Healthcare Institute (+0.09%) inaugurated a new 400-bed tower at Max Smart Super Speciality Hospital, Saket, on 3 September 2026, taking total bed capacity to approximately 1,200 — making it the largest private hospital by bed capacity in Delhi. The expanded facility spans over 22 specialities and features technologies including the Da Vinci Xi Surgical Robot and Mako Total Knee Replacement Robot.
Canara Bank (-0.40%) board approved raising up to USD 2,000 million through Senior Unsecured Foreign Currency Bonds under its existing USD 3 billion Medium Term Note Programme, as per its exchange filing dated 3 September 2026. The issuance will be routed through its IBU Gift City Branch in Gandhinagar or other overseas branches.
RBL Bank (+4.80%) received a show cause notice from the Assistant Commissioner in Delhi dated 2 September 2026 pertaining to GST for financial year 2022-23, proposing a demand of ₹164.13 crore inclusive of interest and penalties. The notice relates to an alleged mismatch in input tax credit under its Bullion business vertical's GST registration. The bank stated it does not anticipate any material adverse impact and described the proposed demand as primarily the result of an erroneous comparison of returns and data.
Steel Strips Wheels (+3.17%) board approved an enhancement of its borrowing limits from ₹2,000 crore to ₹3,500 crore, subject to shareholder approval at its 40th AGM scheduled for 30 September 2026, as per its exchange filing dated 3 September 2026. The record date for dividend entitlement has been set for 23 September 2026.
EMS Limited emerged as the lowest bidder for a sewerage and septage management project worth approximately ₹218.65 crore across six Urban Local Bodies in Ganganagar, Hanumangarh and Churu districts of Rajasthan, awarded by the Directorate of Local Bodies, Government of Rajasthan, as per its exchange filing dated 3 September 2026. The contract includes an 18-month execution period, one-year defect liability and 10-year operations and maintenance. The company's order book stood at ₹2,328.91 crore as of 30 June 2026.
Saatvik Green Energy (+1.05%) announced that its material subsidiary, Saatvik Solar Industries Private Limited, secured an order worth ₹297.5 crore for supply of solar photovoltaic modules to two Independent Power Producers and EPC players, as per its exchange filing dated 3 September 2026. The entire order is to be executed by March 2027.
Garden Reach Shipbuilders & Engineers (+0.59%) signed separate MoUs with DNV and Damen Technical Cooperation B.V. on 2 September 2026 at the SMM Hamburg Maritime Trade Fair. The agreement with DNV focuses on advanced warships, green shipping technologies, digital shipbuilding and AI-led practices, while the MoU with Damen targets design and construction of Trailing Suction Hopper Dredgers and Water Injection Dredgers in India.
Solar Industries India (+4.37%) responded to an NSE surveillance query dated 3 September 2026, clarifying that recent media speculation regarding potential business negotiations was speculative and lacked specific details. The company confirmed there is currently no material event requiring disclosure under Regulation 30 of SEBI LODR Regulations and stated it is unaware of any undisclosed information that might justify recent trading movements.
Tata Consultancy Services (-1.19%) was selected by international wholesaler METRO AG as a strategic technology partner to transition the company's country-specific IT systems to a centralised, AI-driven environment, as per an announcement dated 3 September 2026. The engagement covers application consolidation and technology operations across METRO's major markets in Europe and Asia.
HCL Technologies (-0.94%) signed a Memorandum of Understanding with Transport for NSW's Sydney Coordinated Adaptive Traffic System on 3 September 2026 to explore AI-powered traffic analytics capabilities for Indian cities. The collaboration will explore integration of Sarvam's multilingual foundation models, enabling traffic operators and planners to query and analyse data in local languages.
Tata Power Company (+0.47%) commissioned the second element of its Jalpura-Khurja Transmission Project in Uttar Pradesh, comprising a 400 kV double-circuit transmission line of 162 circuit kilometres from Khurja to Jalpura and a 400/220 kV GIS substation at Jalpura with 1,000 MVA transformation capacity, as per its exchange filing dated 3 September 2026. Tata Power's transmission portfolio now spans 7,900 circuit kilometres across India.
Suven Life Sciences (+1.48%) completed patient enrolment in its global Phase-3 clinical study of Masupirdine (SUVN-502) for agitation associated with Alzheimer's dementia, as per an announcement dated 3 September 2026. A total of 424 patients were randomised across multiple sites in the USA and Europe, exceeding the originally planned 375. Topline results are anticipated by May 2027.
XTGlobal Infotech (+6.22%) was selected as a qualified technology partner under a multi-year Cloud Engineering and Technical Services programme for a US state government technology authority, as per its exchange filing dated 3 September 2026. The agreement carries an initial two-year term with three one-year renewal options. The aggregate addressable opportunity across the qualified vendor pool is estimated at $50–100 million over the potential five-year period, with actual contracts subject to competitive bidding among qualified vendors.
Tata Chemicals Limited (+1.17%) faced a significant development as Kenyan President William Ruto announced on 3 September 2026 that the government would end operations of Tata Chemicals Magadi one of Africa's major producers of soda ash and salt, valued at approximately Ksh 10 billion citing insufficient local employment and economic benefits to Kajiado County. The President stated a new investor had already been identified, with conditions requiring local mineral processing and establishment of a glass and chemical processing plant in the region. The announcement follows a July 2026 directive by Mining Cabinet Secretary Hassan Joho suspending the company's mining operations over outstanding compliance issues.
Rossari Biotech Ltd (−4.03%) fell. The move lacked a clear company-specific trigger and tracked broader market weakness.
Other major gainers: Raymond Limited (+13.59%), Brigade Enterprises Limited (+11.30%), Hindustan Oil Exploration Company Limited (+10.95%), Oriental Aromatics Ltd (+9.68%), Bf Utilities Limited (+8.66%), Manorama Industries Ltd (+8.65%), Best Agrolife Ltd (+8.08%), SML Mahindra Ltd (+7.66%), Jyoti CNC Automation Ltd (+7.45%), Deep Industries Ltd (+7.38%), Finolex Cables Limited (+6.86%), Edelweiss Financial Services Limited (+6.8%), Anant Raj Limited (+6.7%), Antelopus Selan Energy Ltd (+6.53%), Man Industries (India) Limited (+6.52%), The Ugar Sugar Works Limited (+6.45%), Kuantum Papers Ltd (+5.52%), Apar Industries Limited (+5.3%), Balrampur Chini Mills Limited (+5.17%), Kalyani Steels Limited (+5.08%), Bajaj Consumer Care Ltd (+5.04%), Action Construction Equipment Limited (+5.01%), GE Power India Ltd (+5%), India Glycols Limited (+5%), Bhageria Industries Limited (+4.99%), Menon Bearings Limited (+4.98%), Cemindia Projects Ltd (+4.94%), Kirloskar Oil Engines Limited (+4.94%), Morepen Laboratories Limited (+4.89%), PTC Industries Ltd (+4.86%), Shree Digvijay Cement Co. Ltd (+4.69%), Welspun Corp Limited (+4.68%), Voltamp Transformers Limited (+4.68%), Elecon Engineering Company Limited (+4.64%), Caplin Point Laboratories Limited (+4.58%), MSTC Ltd (+4.57%) and remaining names closing +4% or higher — Vedant Fashions, Vishnu Chemicals, Solar Industries India, EPL, Standard Engineering Technology, South Indian Bank, Chembond, IOL Chemicals, India Nippon Electricals, Inox Green Energy Services and SBI Cards all advanced amid broader sector and market buying with no fresh company-specific announcements reported on the day.
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:
