Indian equity markets are set to open with early indications pointing to a positive start on Thursday. At around 7:30 am, GIFT Nifty was trading 123.50 points, or 0.52%, higher at 24,088.50.
GIFT Nifty gained during early trading, while Asian equity markets were also trading higher following gains in US markets. Expectations of some easing in geopolitical tensions and a decline in crude oil prices were among the factors supporting market sentiment.
During the trading session, global cues, foreign investor activity and company-specific developments could influence the market.
E-commerce company Meesho is in focus after SVF II Meerkat (DE) LLC, associated with SoftBank Vision Fund, may sell around 7 crore equity shares of the company through a block deal. The shares represent approximately 1.5% of Meesho’s paid-up equity. The proposed transaction has a floor price of ₹205 per share, implying a total deal size of around ₹1,435 crore at that price.
Power Grid Corporation has received a Letter of Intent for an Inter-State Transmission System project for evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase-IV. The project will be developed under the Build, Own, Operate and Transfer (BOOT) model, with an annual transmission charge of ₹3,244.33 crore.
Hexaware Technologies has announced the appointment of Vivek Jetley as CEO-Designate. He will join the company on October 28, 2026, and subsequently assume the role of Chief Executive Officer.
Housing and Urban Development Corporation (HUDCO) has entered into an agreement with the Bihar government. Under the agreement, the company may provide financial assistance of up to ₹25,000 crore over five years for industrial infrastructure development, land acquisition for projects and other requirements.
ICICI Bank purchased around 2.9 crore shares of ICICI Prudential Life Insurance Company in multiple tranches between July 22 and September 2, 2026. The total purchase consideration was approximately ₹1,470 crore. The shares represent around 2% of the company’s equity share capital.
Page Industries has received a notice from a Dubai court in connection with a claim filed by Yellow Flower Trading, Dubai. The dispute relates to the distribution arrangement between the two companies in the UAE.
Escorts Kubota launched the Farmtrac 6055 Classic Dark Edition and PROMAXX 2.0 range on September 2, 2026.
Blue Star completed the process of selling its MedTech business to Cyrix with effect from September 1, 2026. The transaction was completed for a value of up to ₹40 crore.
LIC sold around 8.26 crore shares of Steel Authority of India (SAIL) through market transactions between April 28 and September 1, 2026. Following the sale, LIC’s shareholding in the company declined from 6.63% to 4.63%.
L&T Finance allotted 50,000 NCDs worth ₹500 crore on September 2.
The board of AxisCades Tech will consider a proposal on September 5 to raise up to ₹200 crore through the issuance of secured, unlisted and redeemable NCDs.
Aditya Birla Capital allotted secured listed NCDs worth ₹300 crore through private placement. The NCDs will mature on June 25, 2031.
CRISIL upgraded the long-term credit rating of Sterlite Technologies for bank loan facilities and three NCDs from AA-/Stable to AA/Stable.
