News Overview

Indian benchmark indices ended marginally lower on September 1, 2026, extending losses for a second consecutive session. The Nifty 50 fell 0.10% to 24,055.80, while the Sensex declined 0.02% to 76,944.28. Renewed US-Iran tensions and Brent crude crossing $91 a barrel pressured banking, auto, realty and pharma stocks, while gains in ITC, IT and telecom counters capped the downside.

Gold and silver prices came under pressure on September 1 after a hawkish Jackson Hole speech revived expectations of a US Fed rate hike. Rising yields and a stronger dollar are weighing on precious metals, even as the long-term debasement trade, central bank buying and supply constraints continue to support the structural outlook.

HDFC Bank shares hit a fresh 52-week low for the fourth consecutive session, with the stock facing sustained pressure from CEO succession uncertainty, post-merger challenges, NIM compression, slower growth, governance concerns and a US class-action lawsuit.

Priority Jewels IPO GMP remains steady at ₹45, suggesting an estimated listing price of ₹245 against the IPO price of ₹200. The issue was subscribed 50.49 times overall, with strong demand from NII and retail investors.

Symbiotec Pharmalab shares made a flat debut at ₹988 on the NSE, matching the IPO issue price. The stock later rallied nearly 11% to ₹1,092.40, after touching an intraday high of ₹1,098. The IPO was subscribed 71.26 times, with QIBs leading demand at 172.03 times.

Hy-Tech Engineers shares made a strong debut on the NSE at ₹75, delivering a 41.51% premium over the IPO price of ₹53. The IPO was subscribed 244.41 times, while investors gained ₹6,226 per lot at the NSE listing price.

The MSCI index reshuffle takes effect on September 1, bringing Laurus Labs, Lenskart, Adani Energy Solutions and Groww into focus. Here’s what the changes mean, why global funds may buy or sell these stocks, how Reliance Industries is affected, and why the new Closing Auction Session could lead to higher volatility.

Lumino Industries IPO GMP is ₹57 as of August 31, 2026, indicating an estimated listing price of ₹139 and a potential 69.51% premium over the ₹82 issue price. The IPO was subscribed 24.66 times overall.

ESDS Software Solution IPO GMP stands at ₹323 as of August 31, 2026, indicating an estimated listing price of ₹752 and a potential 75.29% premium over the ₹429 issue price. The IPO is subscribed 10.44 times overall.

Purple Style Labs IPO is a ₹680 crore fresh issue with a price band of ₹546–₹575 per share. Check the latest GMP, subscription status, IPO dates, financial performance, valuation and key details.