The Indian equity benchmarks extended losses on Monday, September 7, as investor sentiment remained cautious amid multiple headwinds. According to latest reports, NIFTY50 index fell 0.59% to 23,756 while SENSEX descended 489 points, or 0.64%, to 76,022. The decline was driven by concerns over elevated crude oil prices, possible US interest rate hike and escalation in US-Iran hostilities. As of noon trading, the SENSEX was down 386 points at 76,130 and NIFTY50 index dropped 112 points to 23,785. The decline was dragged down by losses in index heavyweights including Infosys, Tech Mahindra, SBI Life, HCLTech, Trent, Tata Steel, Wipro, Jio Financial Services, TCS, UltraTech Cement, HDFC Life, JSW Steel and Asian Paints.
Trading volume in Zydus Wellness shares jumped 25.86 times to 66.88 lakh shares on the National Stock Exchange (NSE) by 14:14 IST on September 7, compared with a two-week average volume of 2.59 lakh shares. The stock increased 3.30% to ₹549.25 from its previous close, with volumes standing at 2.09 lakh shares in the last session. As reported by The Economic Times, a total of 3.74 lakh shares changed hands on the BSE compared with an average of 20,000 shares traded daily in the past two weeks. The trading volume on the NSE jumped 8.5 times to 69.95 lakh shares compared with an average volume of 8.25 lakh shares, with 7.07 lakh shares changing hands compared with an average of 1.04 lakh shares traded daily in the past two weeks.
According to reports from The Economic Times, trading volume in the stock jumped 12.49 times to 93.28 lakh shares by 14:14 IST on NSE on September 7, compared with a two-week average volume of 7.47 lakh shares. The stock increased 10.72% to ₹1,613.50, reflecting a significant gain from its previous close of ₹1,457.30. The rally came after its joint venture Syrma SGS Elemaster Private Ltd inaugurated a new state-of-the-art high-reliability electronics manufacturing facility in Bengaluru, Karnataka, on September 2, 2026. The 20,000 sq. ft. facility located in the Bommasandra Industrial Area is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) and box-build assembly lines.
As reported by The Economic Times, trading volume in the stock jumped 4.76 times to 28.42 lakh shares by 14:14 IST on NSE on September 7, compared with a two-week average volume of 5.98 lakh shares. The stock dropped 5.05% to ₹1,165.20 from its previous close, reflecting continued selling pressure. The stock came under selling pressure after the record date for its ₹300 crore share buyback had passed. The company had fixed September 4 as the record date to determine shareholders eligible to participate in the buyback, under which it will repurchase up to 20.69 lakh shares at ₹1,450 per share through the tender-offer route.
Tega Industries Ltd recorded volume of 5.2 lakh shares by 14:14 IST on NSE, a 4.66 times surge over two-week average daily volume of 1.12 lakh shares, with the stock gaining 3.94% to ₹1,609.00. Wockhardt Ltd saw volume of 37.79 lakh shares by 14:14 IST on NSE, a 3.4 fold spurt over two-week average daily volume of 11.11 lakh shares, with the stock increasing 4.84% to ₹2,189.80. CarTrade Tech emerged as a standout performer, hitting a 5.71% gain to ₹3,171.50 on the NSE, with volumes standing at 3.8 lakh shares compared with its 30-day average of 4.8 lakh shares. The rally came after the company announced that it has scheduled its 26th Annual General Meeting for Friday, September 25, 2026. Zee Entertainment Enterprises shares fell over 5% to ₹86.98, reflecting a fall of 5.05% as reports emerged that the CBI had registered an FIR against founder Subhash Chandra for allegedly inflating his net worth to avail loans from LIC Housing Finance Ltd (LICHFL), and later becoming a defaulter. Manappuram Finance declined 4.05% to ₹352.95 even as gold prices continued to remain elevated. Among top gainers, Apollo Hospitals, Eicher Motors, Maruti Suzuki, Coal India, Max Healthcare, and Power Grid were among the notable performers. The market decline was broad-based with Infosys, Tech Mahindra, SBI Life, HCLTech, Trent, Tata Steel, Wipro, Jio Financial Services, TCS, UltraTech Cement, HDFC Life, JSW Steel and Asian Paints being among the major laggards from the NIFTY pack.
