Financial Summary: Monday, September 7, 2026

IT stocks slide up to 3% as Fed rate fears push Nifty below 23,800

Indian equity markets are trading lower, with the Nifty slipping below 23,800 and the Sensex down 0.59%, as IT stocks like Infosys, HCLTech, and TCS fell up to 3% on renewed worries over Federal Reserve rate hikes. PSU bank shares also declined for a second consecutive session, while media stocks are under pressure.

Nifty plunges 1,000 points as crude surge, Fed fears batter IT stocks

The Nifty index has fallen by 1,000 points as surging crude prices and concerns over Federal Reserve rate hikes have weighed on IT stocks, amid geopolitical tensions.

Equirus pegs NSE IPO below Rs 2,000 as IFCI rallies 6%

Equirus projects NSE's IPO valuation at below ₹2,000 per share, while IFCI shares surged 6% to multibagger status after SEBI approval. The IPO could raise up to ₹30,000 crore via a 6% dilution, with grey market premium jumping to ₹285, signaling strong investor interest.

Purple Style Labs recovers from 7% IPO discount, trims losses

Purple Style Labs shares listed at a 7% discount to their IPO price on Dalal Street, opening at Rs 450 against the issue price of Rs 484. The stock initially slid further but has since recovered some ground, trimming losses as investors bought the dip. Trading remains volatile in early session.

HEG demerger to unlock ₹4,000 crore as shares trade ex-date

HEG Ltd's demerger of its advanced materials business is expected to unlock ₹4,000 crore in market capitalization as shares trade ex-demerger and ex-dividend.

udaan buys Swiggy's LYNK Logistics for ₹500 crore, gains Swiggy stake

udaan has acquired Swiggy's LYNK Logistics for ₹500 crore, securing an equity stake from Swiggy and enhancing its B2B supply chain capabilities. Swiggy will exit the logistics business to focus on core operations.

Sebi exempts pure-gilt FPIs from full KYC compliance

Sebi has relaxed KYC and investor group disclosure norms for foreign portfolio investors (FPIs) exclusively invested in government securities, potentially boosting flows into Indian bonds. This change follows the Reserve Bank of India’s withdrawal of concentration limits for such investments.

India's kharif sowing gap narrows to 1.6%, key crops lag

India's kharif sowing has recovered to within 1.6% of last year's levels, covering 98% of the normal area.

Sebi extends angel fund accredited investor deadline again

India's market regulator Sebi has extended the deadline for angel funds to comply with the accredited investor mandate, providing more time for funds to meet the requirement. The extension applies to investments made by angel funds and is aimed at easing the transition for the industry. This marks the second article on the topic, with both reports confirming the regulatory reprieve.