Indian benchmark indices were poised for a negative start on Wednesday, September 2, with GIFT Nifty futures trading 0.06% lower at 24,038.0 around 7:32 AM. Asian markets mirrored the trend, with Japan's Nikkei falling 2.85% and South Korea's Kospi shedding 3.15%, while Australia's S&P/ASX200 was down 1.12%. In the US market, benchmark indices closed lower on Tuesday following fresh military escalation in West Asia and spiking oil prices, with Nasdaq ending 1.03% lower, S&P 500 falling 0.71% and Dow Jones losing 0.79%. Brent crude prices spiked to $96.21 per barrel and WTI crude futures rose 1.43% to $91.51, creating additional headwinds for Indian markets.
Reliance Industries has entered India's ice cream market with the launch of Bombay Creamery, the FMCG arm's new brand offering real dairy cream products including cones, cups, tubs, bars and sticks with prices starting at ₹10. Hero MotoCorp reported a 4.5% year-on-year increase in domestic sales to 5.42 lakh units in August, with total sales including exports rising 2.6% YoY to 5.68 lakh units, driven by stronger scooter sales that offset declining motorcycle volumes. Coal India offered 210.66 lakh tonnes of coal through e-auctions in August, of which 82.76 lakh tonnes were sold, translating to around 39% of the total quantity offered with the average price realised 59% higher than the notified price. Tata Motors has secured all prior regulatory approvals required for its proposed acquisition of Italian commercial vehicle maker Iveco Group, marking another step towards completing the transaction.
Adani Green Energy commissioned a 139 MW solar power project at Khavda, Gujarat, taking its operational renewable energy capacity beyond 20 GW. According to The Economic Times, the project developed by its wholly owned subsidiary Adani Green Energy Twenty Six A has increased AGEL's operational renewable generation capacity to 20,280.8 MW, while operational battery energy storage capacity stands at 3,551 MWh. NMDC recorded increased production in August with total output rising to 4.07 million tonnes from 3.37 MT in the year-ago period, while total sales stood at 3.58 MT compared with 3.39 MT in August 2025. ARSS Infrastructure Projects received a work order worth ₹104.06 crore from East Coast Railway for construction of two road overbridges on the Howrah–Visakhapatnam main railway line.
Wipro has expanded its global digital workplace services engagement with ABB, focusing on enhancing and scaling ABB's digital workplace capabilities to strengthen Wipro's presence in global IT services. ITC Infotech received NCLT approval for the merger of Blazeclan Technologies and Cloudlytics Technologies, with the merger approved by Kolkata and Mumbai benches expected to strengthen ITC Infotech's digital and cloud business. Gland Pharma announced that the US FDA completed its inspection of the API facility in Visakhapatnam conducted from August 24 to September 1, with zero Form 483 observations issued by the US regulator. Ujjivan Small Finance Bank received RBI approval for the appointment of Carol Furtado as interim CEO effective September 1, 2026, for a three-month term.
Texmaco Rail & Engineering secured an order worth ₹24.48 crore from Transport Corporation of India Limited for manufacturing, supply and commissioning of a rake consisting of ACT-1 and BVCM wagons. L&T Finance received perpetual registration from IRDAI to operate as a corporate agent, with the new certificate effective August 31, 2026. Ashiana Housing recorded bookings of 1.67 lakh sq ft worth ₹165.93 crore in August 2026, with total bookings for the current financial year up to August standing at 11.30 lakh sq ft valued at ₹1,025.34 crore.
