GMR Power & Urban Infra Rises After Stake Acquisition; Godrej Industries Hits New High; Apollo Pipes Surges on Strong Growth Outlook.

Indian Markets Overview

• The market opened positive but mostly traded in the red, with a slight recovery in the final hour.
• Banks and capital goods gained 0.5%, while media, power, and other sectors fell 0.5-1.5%.
• The BSE midcap saw marginal gains, and the smallcap index rose 0.5%.

Technical Outlook

Index	Outlook	Support Levels	Resistance Levels	Advice
Nifty	Bullish	25,150–25,100	25,400	Buying on dips is advised
Bank Nifty	Bullish	51,200–51,000	52,000	Buying on dips is advised

Stocks in Spotlight

• GMR Power & Urban Infra jumped 5 percent on September 3 after Authum Investment & Infrastructure bought 74.9 lakh shares (1.2 percent stake) at Rs 134 each. 

• Godrej Industries jumped over 14 percent to a new all-time high amid heavy trading volumes. More than 12 lakh shares were traded, exceeding the one-month daily average of four lakh shares by over 300 percent.

• Apollo Pipes surged over 10 percent on heavy volumes and a strong growth outlook. Around 1.6 million shares were traded on NSE and BSE, far exceeding the one-week average of 0.1 million shares.

News from the IPO world🌐

• Sebi keeps JSW Cement’s Rs 4,000-crore IPO in ‘abeyance
• Bajaj Housing Finance announces Rs 66-70 price band for Rs 6,560 crore IPO

Daily Leader Board

Numbers to Track

Indices Name	Latest	% 1D	% YTD
10 Year Gsec India	7.0	1.6 %	4.5 %
WTI Crude (USD/bbl)	76	3.6 %	8.3 %
Gold (INR/10g)	71,102	(0.2) %	13.5 %
USD/INR	83.90	0.0 %	1.0 %
Hang Seng	17,651	(0.2) %	5.1 %
Shanghai Composite	2,803	(0.3) %	(5.4) %
Dow Jones	41,563	0.6 %	10.2 %
DAX	18,931	0.1 %	12.9 %
FTSE 100	8,364	(0.2) %	8.3 %
Nikkei	38,686	(0.0) %	16.2 %
Straits Times	3,480	0.5 %	7.8 %

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