GIFT Nifty Opening Update
GIFT Nifty opened today at 24,111.50. It is up 135.00 points (0.56%) from yesterday’s close of 23,965.00- so the trend is positive.
Investors in the Indian stock market are expected to monitor a number of companies on Thursday, September 3, in light of significant developments and announcements. RBL Bank, Power Grid Corporation of India, Paisalo Digital, NHPC, ICICI Bank, India Cements, and Meesho are expected to attract attention in the market. The Indian stock market experienced continued pressure for a third consecutive session on Wednesday, September 2, as the benchmark indices fell below critical levels. Renewed conflict in the Middle East contributed to rising oil prices, which in turn heightened inflation concerns and led to expectations of a more stringent monetary policy.
The Nifty 50 concluded the trading session with a decline of 0.59%, settling at 23,914. The index had earlier plunged to an intraday low of 23,786 before late-session buying facilitated a recovery of a significant portion of its losses. The Sensex concluded the trading session down by 0.62% at 76,469, having reached a one-month low during intraday activity. The selling pressure extended to the broader market, with the Midcap 100 and Smallcap 100 declining 0.53% and 0.37%, respectively.
Equities to Monitor:
- RBL Bank has successfully mobilised approximately $3.40 billion (around ?324.72 billion) in deposits through the Reserve Bank of India’s FCNR(B) swap facility as of August 31, 2026. Loans extended by the bank’s International Banking Unit secured by these deposits amounted to approximately $1.08 billion (around Rs 103.09 billion). The mobilisation received backing from promoter Emirates NBD along with its subsidiaries and affiliates.
- Power Grid Corporation of India has been announced as the successful bidder for an interstate transmission project aimed at evacuating power from Rajasthan REZ Phase IV. The project, involving a 6,000 MW 800 kV HVDC transmission system between Barmer-II in Rajasthan and South Kalamb in Maharashtra, carries annual transmission charges of 3,244.33 crore. The company received the Letter of Intent on September 2.
- Paisalo Digital – The company’s Operations and Finance Committee is scheduled to convene on September 5 to evaluate and sanction a fund-raising initiative via the private placement of non-convertible debentures.
- NHPC has secured Rs 392.31 crore and €15.36 lakh as a result of arbitration proceedings with BGS-SGS-SOMA.
- ICICI Bank has finalised the acquisition of an extra 2% stake in ICICI Prudential Life Insurance, executing this transaction in several tranches from July 22 to September 2, at a total cost of around Rs 1,470 crore. Following the acquisition, ICICI Bank’s shareholding in ICICI Prudential Life has risen to approximately 52.8%.
- India Cements has reached an agreement to acquire a 26% stake in Amplus TN One Energy for a consideration of up to Rs 14.06 crore. The investment in renewable energy is designed to fulfilll the company’s green energy obligations, enhance energy cost efficiency, and adhere to regulations governing captive power consumption.
- Meesho – Masayoshi Son’s SoftBank Group Corp. is set to divest 70 million shares in the Indian e-commerce platform Meesho Ltd via a block deal on Thursday, as indicated by a term sheet examined by Mint. The seller, SoftBank-affiliated SVF II Meerkat LLC, is offering a 1.5% stake in the Vidit Aatrey-led company, with the floor price for the shares being set at Rs 205 per share, representing a 3.1% discount to Meesho’s closing price of Rs 211.60 on 2 September on the National Stock Exchange.
