Daily Market Update - 2nd September 2026 by Ventura Securities Ltd
Market Outlook: Indian markets witnessed a weak session, with the Nifty 50 declining 0.10% and closing at 24,056. Broader markets remained under pressure, with Nifty Midcap 100 declining 1.39%, dragged by KEI (-6.84%), POLYCAB (-5.82%) and PAYTM (-4.87%). Market breadth remained negative, with NSE recording 1,344 advances against 2,194 declines, while BSE witnessed 1,700 advances versus 2,645 declines, indicating broad-based selling pressure. Global cues remained weak, with US markets ending lower as the S&P 500 declined 0.71%, Dow Jones fell 0.79% and Nasdaq 100 declined 1.29%. Gift Nifty declined marginally by 3.5 points (-0.01%), indicating a flat opening for Indian markets.
FII & DII Activity: Institutional flows remained positive during the session, with FIIs/FPI turning net buyers with inflows of Rs 1,143.4 crore, while DIIs also remained net buyers with inflows of Rs 1,846.9 crore. The combined institutional buying provided support despite weakness in broader market indices.
Sector Activity: Sectoral performance remained mixed, with Nifty IT (+0.98%), FMCG (+0.94%) and Oil & Gas (+0.35%) outperforming during the session. On the other hand, Healthcare (-1.60%), Consumer Durables (-1.40%), Auto (-1.22%), Financial Services (-1.10%), Manufacturing (-1.09%) and Banking indices witnessed selling pressure.
F&O Activity: Long build-up was witnessed in ATHERENERG, MPHASIS, ADANIPOWER, NHPC and ZYDUSLIFE, indicating fresh buying interest. Short build-up was observed in MAHABANK, LTF, RADICO, KEI and FINNIFTY. Long unwinding was seen in HYUNDAI, NYKAA, BAJAJFINSV, BOSCHLTD and HINDZINC, whereas short covering emerged in PREMIERENE, ITC, ETERNAL, BHARATFORG and TATAELXSI.
Top 5 News:
HFCL: The company signed a three-year international agreement worth approximately US$244 million (Rs2,329 crore) for supplying high-fibre-count optical-fibre cables through its overseas subsidiary. Supplies are scheduled from CY27 to CY29, strengthening long-term revenue visibility in the global optical fibre market.
Tata Motors: The company’s subsidiary received all prior regulatory approvals required for its tender offer for acquiring 100% of Iveco Group’s common shares. The approvals remove a major regulatory hurdle for the proposed €3.8 billion acquisition.
Texmaco Rail & Engineering: The company received a US$135 million international order from Tsiko Africa Logistics and Barberry Holdings for design, manufacture, supply and commissioning of Wabtec ES43ACi 4,500-HP diesel-electric locomotives. The contract is expected to be executed within 20–24 months, expanding its overseas order book.
UltraTech Cement: The company commenced commercial production at its new Jhagadia, Gujarat wires and cables facility on 1st September. The facility has an installed capacity of 10.98 lakh km and marks UltraTech’s entry into the wires and cables segment beyond its core cement business.
Marine Electricals: The company secured orders worth Rs 229.73 crore from Digital Edge DC (India) for supplying power-distribution systems for data-centre infrastructure. The deliveries are scheduled over 15 months, providing execution visibility through FY28.
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