GST collections up 14.80%, Happiest Minds to merge into ITC Infotech, & more - SuryaNivesh Daily Market Update | 1 September 2026

September 01, 2026

Stay updated with today's market performance, top corporate developments, IPO news, and personal finance insights.

Market Snapshot

Index	Level	Change
Sensex	76,944.28	▼ 0.02%
Nifty 50	24,055.80	▼ 0.10%

The Indian stock market ended slightly lower today, with banking stocks putting pressure on benchmark indices.

Market Highlights

Nifty 50 closed at 24,055.80, down by 24.60 points.
Historically, Nifty has declined between 0% and 1% nearly 471 times over the past five years.
Banking stocks remained under pressure.
Healthcare and Pharma stocks witnessed the sharpest decline.
IT and FMCG emerged as the strongest-performing sectors.

Global Market Overview

US markets closed lower on Monday.
Most Asian markets traded in the red on Tuesday.
European markets were also trading lower as of 6:00 PM IST.

Top Gainers (Nifty 50)

Stock	Price	Change
ITC	₹266.60	▲ 4.34%
Bharti Airtel	₹1,877.20	▲ 3.60%
Adani Ports	₹1,647.50	▲ 3.41%
HCLTech	₹1,351.40	▲ 2.99%
Reliance Industries	₹1,309.00	▲ 2.51%

Top Losers (Nifty 50)

Stock	Price	Change
Shriram Finance	₹1,059.10	▼ 4.58%
Maruti Suzuki	₹12,950.00	▼ 4.41%
Nestlé India	₹1,438.20	▼ 3.90%
Max Healthcare	₹1,003.00	▼ 3.75%
InterGlobe Aviation (IndiGo)	₹5,052.00	▼ 3.48%

Major News Updates

GST Collections Continue Strong Growth

India's gross GST collections increased 14.8% year-on-year to ₹1.99 lakh crore in August, compared to ₹1.74 lakh crore during the same month last year.

Sugar Stock Limits Reduced

The government has reduced the stock holding limit for sugar dealers from 4,000 quintals to 2,000 quintals between 15 September and 30 November to discourage hoarding and speculative trading.

Railway Infrastructure Gets a Boost

The government approved:

An 11 km bypass rail line worth ₹272 crore between Adra and Joychadipahar (West Bengal) to improve freight movement.
₹233 crore for electronic interlocking at 21 railway stations in Bihar's Samastipur Division to strengthen signalling infrastructure.

IPO Corner

ESDS Software Solutions IPO

Subscribed 135.88 times on the final day.
Retail category subscribed 39.64 times.
IPO closed for subscription.

Purple Style Labs IPO

Subscribed 0.24 times on Day 2.
Retail subscription stood at 0.93 times.
IPO closes on 2 September.

Recent Listings

Symbiotec Pharmalab

Listed at its issue price of ₹988.
Closed 10.73% higher.

Skyways Air Services

Listed at ₹124, a 10.14% discount to its issue price.
Closed 9.14% lower.

Corporate & Stock Updates

UltraTech Cement

Started commercial production at its new wires and cables plant in Bharuch, Gujarat, with an installed capacity of 10.98 lakh km of house wires and light-duty cables.

ITC

ITC's subsidiary ITC Infotech will acquire a 22.1% promoter stake in Happiest Minds for around ₹1,330 crore.

Following the transaction:

Happiest Minds will merge into ITC Infotech.
ITC Infotech will be listed on both BSE and NSE.
ITC is expected to own approximately 73.4% of the combined company.

HAL

Declared a final dividend of ₹10 per share.

Tata Steel

Completed the previously announced sale of Jamshedpur Football and Sporting Pvt Ltd to Churchill Brothers Sports Club Pvt Ltd.

Adani Green

Operationalised a 139 MW solar power project at Khavda, Gujarat, taking its total operational renewable energy capacity to 20,280.8 MW.

Lodha Developers

Acquired the remaining 20% stake in Bellissimo Infratech Pvt Ltd for ₹73.52 crore, making it a wholly owned subsidiary.

Tata Consumer

Increased its stake in Capital Foods from 75% to 80% by acquiring an additional 5% stake.

Mankind Pharma

Completed the sale of its entire stake in Broadway Hospitality Services Pvt Ltd to AKRK Projects LLP and its partners.

Aurobindo Pharma

Subsidiary Apitoria Pharma incorporated Avogent Lifesciences Pvt Ltd with an initial capital of ₹5 crore.
Another subsidiary, Lannett, launched generic versions of GSK's Advair Diskus in the US for asthma and COPD treatment.

Word of the Day: Outlay

Outlay refers to the amount of money a company spends upfront to purchase, acquire, or invest in a project.

In simple words, it is the initial amount committed toward achieving a specific objective.

Example

A company may invest ₹3,000 crore as an outlay to build 1 lakh square feet of data centre space.

Long-Term Investing Series

Today's Topic: Momentum Investing

Momentum investing is based on a simple belief:

Stocks that are already performing well may continue rising, while weak-performing stocks may continue falling for some time.

Unlike value investing, this strategy focuses primarily on price movement, not on company fundamentals.

How Momentum Investing Works

Buy stocks showing strong upward momentum.
Continue holding them while the trend remains intact.
Exit when the momentum weakens.

Key Characteristics

Reviews can be monthly, quarterly, or based on a predefined rule.
Portfolio size varies depending on the investor's approach.
Can involve more frequent buying and selling than traditional long-term investing.
Widely used by both long-term investors and short-term traders.

Featured Finance Question

What is the PEG Ratio and how is it calculated?

The PEG Ratio (Price-to-Earnings Growth Ratio) is a valuation metric that combines a company's PE Ratio with its earnings growth rate.

Step 1: Calculate the PE Ratio

Step 2: Calculate the PEG Ratio

How Investors Interpret It

Around 1 is generally considered fairly valued.
Below 1 may indicate undervaluation.
Above 1 may indicate higher valuation.

However, these are guidelines rather than strict rules, and the PEG Ratio should always be used alongside other financial metrics.

Commodity & Global Market Snapshot

One-Day Changes

Asset	Price	Change
Gold (10g)	₹1,53,183	▼ 1.70%
Silver (1kg)	₹2,30,419	▼ 2.86%
USD/INR	₹94.87	▼ 0.61%
Dow Jones	53,185.90	▼ 0.70%
Nasdaq	26,370.89	▼ 0.12%

A lower USD/INR value indicates that the Indian Rupee has strengthened against the US Dollar.

Long-Term Market Returns (Past 20 Years)

Index	Annual Return
Sensex	▲ 9.84% p.a.
Nifty 50	▲ 10.22% p.a.
Dow Jones	▲ 8.01% p.a.
Nasdaq	▲ 13.27% p.a.

Sensex and Nifty returns are measured in INR, while Dow Jones and Nasdaq returns are measured in USD.

Market Insight

Today's session highlighted how sector-specific weakness, particularly in banking and healthcare, can weigh on benchmark indices even when IT and FMCG stocks outperform. Understanding market trends, valuation metrics like PEG Ratio, and investment approaches such as Momentum Investing can help investors build stronger financial knowledge over time.

Disclaimer: This article is published by SuryaNivesh for educational and informational purposes only. It does not constitute investment advice, research recommendations, or a solicitation to buy or sell any security. Investments in securities and mutual funds are subject to market risks. Please consult a qualified financial professional before making investment decisions.