Published on: 03 Sep, 2025 03:18

  1. Market Slide: Nifty slumped sharply on expiry day, closing below 24,600 as banks dragged.

  2. Strong GDP: Economy grew at 7.8% in Q1, though nominal growth slowed.

  3. Tech Self-Reliance: First indigenous chip unveiled; major investments pledged in deep-tech.

  4. Clean Energy Record: Renewable output surged 20%, cutting fossil fuel dependence.

  5. Global Strains: PM critiqued "economic selfishness"; defence ties with Russia strengthened amid US tensions.

  • Nifty Volatility: The Nifty 50 index experienced significant volatility, slipping from its day's high to close below 24,600 amid weekly expiry pressures. Banking stocks were the primary drag on the performance. Source: Economic Times
  • Nifty Bank Underperformance: The Nifty Bank index declined over 500 points from its intraday high to close below 54,000, continuing its trend of underperformance and contributing to the broader market's weakness. Source: Moneycontrol
  • Sectoral Movements: Sugar and tyre stocks saw strong buying interest, while auto, IT, and pharma sectors faced selling pressure. PSU names, particularly in railways and defence, also gained. Source: Business Standard
  • Midcap Resilience: The Midcap index rose 152 points to 56,977, outperforming the frontline indices and managing to hold onto some gains despite the late-session sell-off. Source: Livemint
  • FII Outflows: Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹1,429 crore the previous day, contributing to the market's cautious sentiment. Source: BSE India
  • MRF Surge: Shares of MRF gained up to 6%, buoyed by the momentum in tyre stocks. Trading volumes were significantly higher than the 20-day average. Source: Financial Express
  • Robust GDP Growth: India's economy grew at 7.8% in Q1 FY26, surpassing expectations. PM Modi highlighted this achievement amidst global economic challenges and "self-interest" driven policies from other nations. Source: PIB India
  • Nominal Growth Slowdown: Despite the high real GDP growth, nominal GDP expansion slowed to 8.8%, indicating subdued inflation and potential pressures on corporate earnings. Source: The Hindu Business Line
  • US Trade Dialogue: The Commerce Minister stated that India is in dialogue with the US for a bilateral trade agreement, seeking to navigate ongoing trade tensions. Source: Ministry of Commerce
  • Chemical Export Support: The government extended essential support and flexibility to exporters dealing with chemicals and petrochemicals, providing a boost to the sector. Source: DGFT India
  • Domestic Consumption Focus: Experts advise investors to focus on domestic consumption plays, which are on a sound footing despite global geopolitical uncertainties and potential US tariff impacts. Source: CNBC-TV18
  • PM's Semicon Address: At Semicon India 2025, PM Modi positioned India as a growth leader amid global "economic selfishness," citing the 7.8% GDP growth and announcing the next phase of the India Semiconductor Mission. Source: PM India
  • Defence Cooperation with Russia: Russia confirmed negotiations to supply additional S-400 missile systems to India, highlighting strengthened defence ties despite US pressure. Source: The Times of India
  • Stance on US Relations: PM Modi told Vladimir Putin that India stands with Russia "even in difficult times," as Russia appreciated India not bowing to US demands to stop purchasing its resources. Source: Hindustan Times
  • Faster Approvals Pledged: PM Modi promised faster approvals and reduced paperwork to accelerate semiconductor manufacturing, emphasising a shift "from paperwork to wafer work." Source: PIB India
  • PSU Strategic Sales: The government is progressing with strategic sales of several PSUs, with multiple entities showing strong interest, as part of its broader disinvestment agenda. Source: Department of Investment and Public Asset Management
  • First Indigenous Chip: The first 'Made in India' chip, the Vikram-32 bit processor designed by ISRO and fabricated at SCL Chandigarh, was presented to PM Modi. It is qualified for space missions. Source: ISRO
  • Semicon Ecosystem Growth: Union Minister Vaishnaw highlighted progress under the India Semiconductor Mission, with five units under construction and two set to start production soon. Electronics exports have surged eight-fold in a decade. Source: Ministry of Electronics and IT
  • $1B Deep-Tech Alliance: A coalition of U.S. and Indian investors launched the India Deep Tech Investment Alliance (IDTA) to mobilize over $1 billion for startups in semiconductors, quantum, AI, and more. Source: Economic Times
  • TCS Salary Hikes: TCS rolled out salary hikes in the range of 4.5–7% for a majority of its employees, with the increments applicable from September. Source: Business Today
  • MobiKwik Stake Sale: MobiKwik's parent company entered a 20% upper circuit after Abu Dhabi Investment Authority (ADIA) exited by selling its remaining 2.1% stake, pushing the stock above its IPO price. Source: Moneycontrol
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  • Clean Energy Surge: India's clean electricity production surged by 20% in H1 2025, hitting a record 236 TWh. This allowed a 4% cut in fossil fuel generation and reduced energy import reliance. Source: Ministry of New and Renewable Energy
  • Renewable Share Milestone: Clean power sources are on track to provide a third of India's utility electricity for the first time, with June's share hitting a record 31%. Source: Central Electricity Authority
  • Solar & Wind Lead Growth: A 29% jump in wind generation and a 25% rise in solar output were the main drivers of the advance in clean electricity supplies during the first half of the year. Source: MNRE
  • Coal & Gas Generation Cut: Coal-fired electricity supplies dropped by 3% year-over-year, while gas-fired output shrank by 34%, underscoring the shift towards renewables. Source: CEA

 



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