India Glycols has completed an important restructuring exercise, with its three-way demerger becoming effective from September 1. The business will now be separated into focused entities covering specialty chemicals, spirits and biofuels, and biopharma.
Sun Pharmaceutical Industries remained relatively resilient in an otherwise weak market after securing a favourable pricing agreement in the US, according to Reuters.
Deepa Jewellers’ IPO continued to attract investor attention on the second day of bidding. The issue was nearing 90% subscription, according to the latest available update.
The Purple Style Labs IPO enters its final day of subscription today. The Rs. 680-cr. IPO, backed by the operator of luxury fashion platform Pernia’s Pop-Up Shop, opened on August 31 and closes on September 2.
Priority Jewels is now moving towards the allotment stage after receiving exceptionally strong investor demand. The IPO was subscribed by around 100 times, making it one of the closely watched recent public issues.
Very dangerous for option traders: On 25-8-2026, Dixon 15,000 Call for August expiry moved from 10 paise to 90 paise during CAS, turning roughly Rs.1,000 into Rs.12 lakh+ in 5 minutes. Such wild moves can wipe out retail capital.
Date 02.09.2026
NIFTY OUTLOOK: 24055.80 FII 1143.38 cr DII 1846.94 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as war between buyers and sellers cause oscillate the nifty between 24143.15 on upside and 23952.55 i.e. near to our support of 23957 on downside. Finally gave closing near to its previous closing i.e. closed at 24055.8
Big negative for bulls and investors: Concerns over a potential decline in domestic crop production due to El Niño, along with Skymet’s 70% drought probability, could push inflation higher and sharply reduce purchasing power, creating a major negative for the Indian economy, bulls and investors.
Indian markets are likely to remain volatile as investors continue to assess the impact of the escalating US-Iran conflict. The broader geopolitical situation has increased concerns about crude supplies, inflation and global economic growth.
Gold prices have turned volatile as investors balance two opposing factors: increased demand for safe-haven assets because of geopolitical tensions and concerns over potentially tighter US monetary policy.
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