India Daily Sector-Wise Business & Economic Wrap

Date: Monday, September 1, 2025

• Market Open: Sensex rose over 300 pts and Nifty 50 gained ~0.33% to ~24,503 on strong Q1 GDP and a U.S. court ruling weakening Trump’s tariff authority. Small-cap and mid-cap indices climbed 0.5–0.7%.

• IT & bank stocks led gains, while FMCG lagged. GIFT Nifty futures indicated a positive bias.

Economy & Outlook
• GDP Update: Q1 FY26 GDP showed 7.8% growth, exceeding expectations.

• Manufacturing: PMI at 59.3, its strongest level since February 2008, with output up 7.7% YoY, though export orders slowed amid tariffs.

• Rupee Pressures: Indian rupee hit a record low (₹88–89/USD), weighed down by U.S. tariffs and equity outflows. RBI may allow further depreciation for competitiveness.

• Bond Market: The 10-year yield hovered around 6.57%, with markets eyeing the GST Council meeting and fiscal clarity.

• International Views: McKinsey’s Vivek Pandit warns that India’s goal of 8% GDP growth by 2030 is at risk without U.S. trade resolve.

• Supports: Structural reforms, including GST rationalization and tax cuts, expected to cushion near-term headwinds.

Corporate Moves

• Infrastructure: Premier Energies and peers secured over ₹2,700 crore in new orders, boosting sentiment in energy and capex sectors.
Regulatory & Capital-Flows

• FII/DIIs: Continued foreign outflows offset by strong inflows from domestic institutional investors, totaling nearly ₹95,000 crore in August.

• SEBI Oversight: Block deal minimum size proposed to increase from ₹100 to ₹250 crore, and wider price bands for pre-market block trades. Derivatives position caps being considered.

• Market Controls: Exchanges to implement weekly derivative expiries and a closing auction session to improve price discovery.
Global & Strategic Signals

• U.S.–India Trade: U.S. appeals court ruled many of Trump’s tariffs unlawful, boosting sentiment — but tariffs remain effective until mid-October.

• India as Safe Haven: JP Morgan identifies India as an EM haven amid global trade volatility, projecting it to lead growth in 2025.

• FTSE Inclusion: From September, India’s government bonds will join FTSE Russell’s EM bond index, attracting more global capital.

Corporate Updates
• Adani Power: Secured supply order for an 800 MW thermal project in Anuppur, Madhya Pradesh; to invest ₹10,500 crore. Final tariff fixed at ₹5.838/kWh.

• Intellect Design: CMO Debal Dutt resigned (effective Aug 31); Rajesh Makhija appointed CMO from Sept 1.

• Mangalore Chemicals: Signed business transfer agreement with Zuari Agro Chemicals to acquire its Maharashtra fertiliser business.

• RoleRings: Board meeting on Sept 3 to consider stock split and bonus issue.

• HG Infra: Raised ₹400 crore through private placement of NCDs.
• Muthoot Microfin: Board to meet on Sept 3 to consider NCD fundraise.

• Fiem Industries: Resumed production at undamaged sections of Alwar Unit-8 after Aug 23 fire incident.

• RBL Bank: Approved fundraising up to ₹3,500 crore via QIP and ₹3,000 crore via debt securities.

• Federal Bank: Re-appointed Harsh Dugar as Executive Director; appointed Venkatraman Venkateswaran as Executive Director.

• Bandhan Bank: RBI imposed monetary penalty of ₹44.7 lakh.

• Epack Durable: Invested ₹10 crore in subsidiary EPACK Manufacturing Technologies.

• Easy Trip: Appointed Vikas Bansal as Whole-Time Director for five years.

• RITES: Received ₹25.3 crore LoA for Biennial MGR mega contract from NTPC.

• BLS International: Subsidiary BLS International FZE acquired 100% stake in BLS Consular Services.

• Hindustan Copper: Board to meet on Sept 25 to consider raising up to ₹500 crore via NCDs.

• PNB Housing Finance: Board to meet on Sept 5 to evaluate NCD fundraising of up to ₹5,000 crore.

• Aditya Birla Capital: Invested ₹250 crore in Aditya Birla Housing Finance via rights issue.

• Salasar Techno: Appointed Alok Kumar as Whole-Time Director for five years starting Sept 1; also elected Chairman.

• Tech Mahindra: Voluntarily liquidated wholly owned subsidiary Tech Mahindra Technology Services.

• MTNL: NSE and BSE imposed fines totalling ₹6.74 lakh (including GST) for non-compliance.

• Mishra Dhatu Nigam: NSE and BSE levied fines of ₹6.79 lakh each (including GST) for Q1 FY26 non-compliance