Indian equity benchmarks head into Tuesday’s session carrying a fourth straight day of losses, but a cluster of overnight corporate developments is set to keep individual stocks in sharp focus.
Swiggy’s share-swap exit from its logistics arm, Adani Power’s move on a stranded Uttarakhand hydro asset, and REC’s debut tokenised bond issuance are among the triggers likely to drive stock-specific action on September 8, even as the broader market contends with global rate-hike jitters and rising crude prices.
Market Snapshot: Sensex, Nifty Extend Losses
The BSE Sensex declined 383 points, or 0.50%, to close at 76,133 on Monday, September 7, while the Nifty 50 slipped 119 points, or 0.50%, to settle at 23,779, a fourth straight session of losses.
Weakness was broad-based, with IT, metal, realty, PSU banks, cement, and oil & gas stocks all falling over 0.5%; pharma was the sole sectoral gainer, up 0.6%. The Nifty Midcap 100 bucked the trend to gain 0.46%, while the Smallcap 100 index ended flat.
According to Rupak De, senior technical analyst at LKP Securities, the Nifty is trading below its rising channel and the falling 50-day EMA, with the RSI pointing to weakening momentum, a setup he expects could pull the index toward the 23,700–23,620 zone in the near term, with resistance placed at 23,900.
Wall Street was closed on Monday for the US Labor Day holiday, with the Dow, S&P 500, and Nasdaq carrying forward their September 4 closing levels. Investors were also digesting stronger-than-expected US employment data, which has added uncertainty to the Federal Reserve’s September policy outlook.
Crude extended its gains on fears of a prolonged Middle East conflict, with Brent near $97 a barrel and WTI above $92, while the yen touched a seven-month high against the dollar. Foreign institutional investors turned net buyers on September 7, purchasing equities worth ₹280 crore, while domestic institutions bought ₹566 crore worth of shares.
Track daily institutional flows on the NiftyTrader FII-DII Tracker: niftytrader.in/fii-dii-data
Stocks to Watch on September 8
Swiggy
Swiggy Networks, a wholly owned subsidiary of the food-delivery and quick-commerce platform, will sell its entire stake in step-down subsidiary Lynks Logistics, a B2B distribution business that generated ₹668 crore in FY26 revenue, to Trustroot Internet, the Singapore-based parent of B2B commerce platform Udaan, through a share-swap transaction valued at approximately $52.4 million (about ₹500 crore).
The deal involves 166,534 Series R compulsorily convertible preference shares and is expected to close by October 22, after which Lynks Logistics will exit the Swiggy group. The company said the transaction would give it an approximate 2.8% stake in Udaan’s parent, with a separate ₹75 crore primary investment taking its total holding to about 3.2%.
Adani Power
The company, through subsidiary Alaknanda Hydro Power Company, received a Letter of Intent on September 7 from the Resolution Professional to acquire GVK Energy, after the Committee of Creditors approved GVK Energy’s resolution plan.
GVK Energy owns and operates a 330 MW hydroelectric power plant in Uttarakhand. The LOI marks a step toward the acquisition, which remains subject to further regulatory and procedural approvals.
Mahindra & Mahindra
M&M retained its leadership of the domestic tractor market, with an estimated 44.9% share by volume in the first quarter of FY27. Separately, India Ratings and Research affirmed the company’s long-term issuer and NCD ratings at “IND AAA/Stable” on September 7.
REC
The state-run financier raised ₹500 crore through India’s first pilot tranche of tokenised corporate bonds under the SEBI Regulatory Sandbox Framework. The issue attracted around ₹796 crore of bids, highlighting strong institutional interest in the new structure.
HDFC Bank, ICICI Bank, and other institutional investors participated in the issue. The development gives REC an early position in India’s emerging tokenised debt-market ecosystem, although the longer-term scale of such issuances remains uncertain.
Bajaj Finserv
The company’s insurance arms reported August 2026 numbers: Bajaj Allianz General Insurance’s gross direct premium rose 11% year-on-year to ₹2,291 crore for the month, taking the April-August tally up 11.8% to ₹10,435 crore.
Bajaj Allianz Life Insurance’s total new business premium jumped 31.6% year-on-year to ₹1,954 crore in August, with the April-August cumulative figure surging 41.7% to ₹7,017 crore.
Container Corporation of India (CONCOR)
The company secured an order worth ₹89.09 crore, including GST, from Eastern Railway’s Jamalpur Locomotive Workshop for the supply of 12 rakes of BLSS wagons along with Brake Van Type BVCM.
BCPL Railway Infrastructure
The company emerged as the lowest bidder for a ₹54.74 crore project from Eastern Railway’s Asansol division, covering the replacement of overaged catenary and contact wires, droppers, and other ageing structures.
Defence Stocks
The Defence Acquisition Council granted in-principle approval for acquisition proposals worth approximately ₹1.10 lakh crore, covering helicopters, vehicles, mine layers, and bridge systems for the armed forces. The approval marks the start of the procurement process rather than a finalised contract.
63 Moons Technologies
A wholly owned subsidiary, Financial Technologies Singapore, subscribed to 2.59 crore equity shares of Ticker Ltd for ₹70 crore on a preferential basis, taking its stake in Ticker to 65.8%.
Shiprocket
The Temasek-backed logistics firm reported a narrower consolidated net loss of ₹13.7 crore for Q1 FY27, against a loss of ₹18 crore a year earlier, as revenue grew 33.8% year-on-year to ₹592 crore. On a standalone basis, it posted a profit of ₹20.16 crore, compared with a loss of ₹8.99 crore in the year-ago period.
Neuland Laboratories
The board approved a capital expenditure of ₹126 crore to acquire around 134 acres of land at Auro Industrial City in Kakinada, Andhra Pradesh, for future expansion.
The company also holds a right of first refusal on an adjoining 66-acre parcel, which could take its total landholding at the site to about 200 acres; a construction timeline has not been disclosed.
Mankind Pharma
Shareholders of Bharat Serums and Vaccines, a wholly owned subsidiary, approved the company’s voluntary liquidation.
Rajputana Stainless
The company, building its order book since its recent listing, secured fresh project wins in Gujarat, a 2.10 MW wind project and an 8 MW solar project, with execution timelines of 11 months and four months, respectively.
GE Vernova T&D India
The company was declared the L1 (lowest) bidder by Power Grid Corporation for the design and execution of a 6,000 MW, 800 kV HVDC LCC terminal station that will evacuate renewable power from Barmer-II to South Kalamb.
With Q1 FY27 earnings season largely behind it, Tuesday’s dealmaking-heavy newsflow, from Swiggy’s cap-table reshuffle to Adani Power’s stalled-asset revival, suggests corporate actions rather than macro data may be the bigger swing factor for individual stocks this week, even as the Nifty’s technical setup stays fragile below the 23,900 mark.
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