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Auto shares tumbled for the six consecutive trading sessions.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 490.11 points or 0.64% to 76,455.53. The Nifty 50 index tanked 181.05 points or 0.76% to 23,873.05.
In the broader market, the BSE 150 MidCap Index tumbled 0.89% and the BSE 250 SmallCap Index dropped 0.40%.
The market breadth was negative. On the BSE, 1,599 shares rose and 2,168 shares fell. A total of 250 shares were unchanged.
In the commodities market, Brent crude for the November 2026 settlement jumped 66 cents or 0.70% to $95.31 a barrel.
New Listing:
Shares of Annu Projects were currently trading at Rs 77 at 10:24 IST on the BSE, representing a discount of 22.22% as compared with the issue price of Rs 99
The stock debuted at Rs 75 on the BSE, a discount of 24.24% over its issue price.
So far, the stock has hit a high of Rs 78.74 and a low of Rs 71.25. On the BSE, over 5.81 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty Auto index declined 2.14% to 27,882.20. The index plunged 4.57% in the six consecutive trading sessions.
Hero MotoCorp (down 4.37%), Eicher Motors (down 4.29%), Sona BLW Precision Forgings (down 3.8%), Bosch (down 3.71%), Bajaj Auto (down 3.06%), Samvardhana Motherson International (down 2.3%), Uno Minda (down 2.28%), TVS Motor Company (down 2.04%), Tube Investments of India (down 1.99%) and Mahindra & Mahindra (down 1.92%) tumbled.
Stocks in Spotlight:
Coal India rose 3.88% after the company reported a 5.50% increase in total coal supplies to 60.60 million tonnes (MT) in August FY27 from 57.40 MT in August FY26.
BEML fell 0.23%. The company announced that it has secured an additional order worth Rs 180.60 crore from Integral Coach Factory for manufacturing & supply of Vande Bharat (Sleeper) trainsets.
For the first five months of FY27 through August, total coal supplies increased 6.70% to 322.90 MT from 302.60 MT in the corresponding period of the previous year. The higher supplies enabled Coal India to liquidate around 55 MT of pithead coal stocks during the period. The company currently has approximately 76 MT of coal available at its pitheads.
With intense rainy spells gradually receding and drier months approaching, Coal India said it is preparing to ramp up production and supplies.
Separately, Coal India's provisional Single Window Mode Agnostic (SWMA) e-auction data showed that the company offered 210.66 lakh tonnes of coal in August 2026, of which 82.76 lakh tonnes was allocated, representing 39% of the quantity offered. The allocated quantity fetched an average premium of 59% over the notified price.
For April-August 2026, Coal India offered 1,291.66 lakh tonnes through e-auctions and allocated 477.40 lakh tonnes, representing 37% of the quantity offered. The allocated quantity recorded an average 46% increase over the notified price.
Among subsidiaries, Northern Coalfields (NCL) and North Eastern Coalfields (NEC) recorded 100% allocation of the quantity offered in August. South Eastern Coalfields (SECL) allocated 50%, Western Coalfields (WCL) 48%, Central Coalfields (CCL) 45%, Eastern Coalfields (ECL) 34%, Mahanadi Coalfields (MCL) 30% and Bharat Coking Coal (BCCL) 30%.
The e-auction figures are provisional, according to the company's filing dated 1 September 2026.
Coal India is India's largest coal producer and a Maharatna public sector undertaking. The company primarily engages in coal mining and production and supplies coal to power, steel, cement, fertilizer and other industrial sectors.
On a consolidated basis, Coal India's net profit rose 0.63% to Rs 8852.11 crore while net sales rose 7.77% to Rs 46254.80 crore in Q1 June 2026 over Q1 June 2025.
India Glycols Ltd, Coal India Ltd, Raymond Ltd and Redington Ltd are among the other gainers in the BSE's 'A' group today, 02 September 2026.
IFCI Ltd soared 8.12% to Rs 94.39 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 127.86 lakh shares were traded on the counter so far as against the average daily volumes of 22.94 lakh shares in the past one month.
India Glycols Ltd spiked 4.98% to Rs 241.3. The stock was the second biggest gainer in 'A' group. On the BSE, 13291 shares were traded on the counter so far as against the average daily volumes of 17844 shares in the past one month.
Coal India Ltd surged 4.19% to Rs 419.35. The stock was the third biggest gainer in 'A' group. On the BSE, 27.12 lakh shares were traded on the counter so far as against the average daily volumes of 21.78 lakh shares in the past one month.
Raymond Ltd jumped 4.08% to Rs 661. The stock was the fourth biggest gainer in 'A' group. On the BSE, 65498 shares were traded on the counter so far as against the average daily volumes of 30686 shares in the past one month.
Redington Ltd rose 3.94% to Rs 363.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.4 lakh shares were traded on the counter so far as against the average daily volumes of 5.29 lakh shares in the past one month.
The DRHP filing pertains to the proposed Initial Public Offering (IPO) of MCL, comprising an Offer for Sale of up to 661,836,300 equity shares having a face value of Rs 2 each, held by Coal India.
Coal India (CIL) increased its total coal supplies to 60.60 million tonnes (MT) in August FY 2026–27, registering a 5.50% growth over the 57.40 MT supplied during the corresponding month last year.
The company also recorded a 4.5% growth in coal supplies to the power sector during the month, reaching 48.46 MT, compared to 46.39 MT in August FY 2025–26.
Coal supplies to the non-regulated sector (NRS) also registered robust growth, increasing by 9.6% to 12.12 MT in August FY 2026–27 from 11.06 MT in August last year.
Coal India's total coal supplies during the first five months of FY 2026–27, till August, reached 322.90 MT, compared to 302.60 MT during the corresponding period of the previous year, registering a growth of 6.70%.
The higher supplies also enabled Coal India to liquidate around 55 MT of pithead coal stocks during the first five months of FY 2026–27. With approximately 76 MT of coal currently available at its pitheads, CIL has sufficient inventory to support power generation requirements in the coming months.
As the intense rainy spells gradually recede and drier months approach, the company is preparing itself to ramp up both production and supplies.
IT, realty and auto share advanced while FMCG, PSU bank and Private bank shares declined.
At 13:25 IST, the barometer index, the S&P BSE Sensex declined 48.81 points or 0.06% to 76,786.97. The Nifty 50 index fell 11 points or 0.05% to 23,984.25.
In the broader market, the BSE 150 MidCap Index slipped 0.03% and the BSE 250 SmallCap Index shed 0.49%.
The market breadth was weak. On the BSE, 1,565 shares rose and 2,495 shares fell. A total of 236 shares were unchanged.
In the commodities market, Brent crude for September 2026 settlement dropped $2.27 or 2.57% to $86.09 a barrel, amid a pause in fighting between the U.S. and Iran
Gainers & Losers:
Tata Consultancy Services (TCS) (up 4.40%), Tech Mahindra (up 3.38%), Eternal (up 3.08%) and Infosys (up 2.71%) were the major Nifty50 gainers.
Hindustan Unilever (down 5.96%), Coal India (down 4.62%), Bharat Electronics (down 3.64%) and NTPC (down 2.27%) were the major Nifty50 losers.
Tata Chemicals fell 2.99% after the company reported a consolidated net loss of Rs 17 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with a net profit of Rs 525 crore in the corresponding quarter last year. Revenue from operations increased 14.41% year-on-year (YoY) to Rs 4,255 crore during the quarter, driven by higher sales volumes that offset lower realizations.
Tejas Networks declined 3.32% after the company reported a consolidated net loss of Rs 202.24 crore in Q1 FY27, compared with a net loss of Rs 193.87 crore posted in Q1 FY26. However, the company’s total revenue from operations jumped 99.10% to Rs 402.16 crore in Q1 FY27 as against Rs 201.98 crore recorded in the corresponding quarter of the previous year.
Hindustan Unilever dropped 5.96% after the FMCG major reported a 3.01% year-on-year (YoY) decline in consolidated net profit to Rs 2,673 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 2,756 crore in Q1 FY26. Revenue from operations jumped 10.3% YoY to Rs 17,184 crore in Q1 FY27.
Coforge surged 10.08% after the company reported a strong set of earnings for the quarter ended 30 June 2026. In US dollar terms, revenue stood at $592.2 million, up 33.3% YoY and 21.1% QoQ. On a consolidated basis, the company's net profit rose 63.4% YoY to Rs 518.60 crore, while it declined 15.3% sequentially. Gross revenue increased 49.2% YoY and 24.2% QoQ to Rs 5,527.70 crore in the June 2026 quarter.
The company's board also gave in-principle approval to set up an entity in China to expand its operations, with further details to be shared later. The announcement came alongside the company's financial results for the quarter ended 30 June 2026.
Tilaknagar Industries slipped 1.90% after the company reported a 64.30% drop in consolidated net profit to Rs 31.59 crore in Q1 FY27 as against Rs 88.50 crore in Q1 FY26. However, revenue from operations (excluding excise duty) jumped 165.54% to Rs 1,046.03 crore in Q1 FY27 as against Rs 393.92 crore in Q1 FY26.
Godfrey Phillips India declined 8.24% after the company’s consolidated net profit fell 44.3% to Rs 198.39 crore in Q1 FY27 from Rs 356.31 crore in Q1 FY26. Revenue from operations (excluding excise duty) declined 19.2% to Rs 1,191.85 crore in Q1 FY27 from Rs 1,474.25 crore in Q1 FY26.
Aurionpro Solutions declined 11.28% after the company reported 10.62% decrease in consolidated net profit to Rs 45.86 crore on a 6.31% rise in revenue to Rs 358.07 crore in Q1 FY27 as compared with Q1 FY26.
Global Markets:
European market advanced amid a flurry of corporate earnings updates, as falling oil prices and a tech-led sell-off in Asian markets failed to dampen investor sentiment.
Asian markets declined on Tuesday, with South Korea’s Kospi plunging over 10%, as uncertainty gripped investors ahead of mega earnings announcements from the likes of Amazon, Meta Platforms and Microsoft on the calendar.
A Federal Reserve rate decision is due Wednesday. Investors expect that the central bank will remain on hold, but will seek greater clarity on the path forward for monetary policy. Fed funds futures were last pricing in a quarter point hike in September, according to the CME FedWatch Tool.
On Tuesday, traders will monitor the release of a consumer confidence report. Quarterly results from Coca-Cola, UPS, Corning and Boeing are due before the bell.
Focus would also remain on oil prices and the bond market. The U.S. 10-year Treasury yield declined 0.56% to 4.615.
Hostilities between the U.S. and Iran are on hold, as diplomats seek to give peace talks “some space.” Focus will also be on President Donald Trump’s meeting with Israeli Prime Minister Benjamin Netanyahu. The two leaders will mainly discuss about Iran.
Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while also worrying that stubbornly high oil prices could force the Federal Reserve to raise interest rates.
The S&P 500 edged up 0.02% to end the session at 7,413.18 points. The Nasdaq declined 0.18% to 24,932.08 points, while the Dow Jones Industrial Average rose 0.51% to 52,210.08 points.