Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
Markets Today
Nifty opened flat with a 15-point gap down at 23,883, continuing the weak and dull trend in domestic markets. The index came under selling pressure immediately after the open, slipping below 23,850 within the first few minutes and continued to drift lower through the morning, falling below 23,800 around 10:30 AM and towards the 23,770–23,780 zone by 11 AM.
The weakness persisted through the rest of the first half, with the index eventually touching an intraday low near 23,740 around 12:45 PM.
In the second half, Nifty finally found some support and gradually recovered from the lows, climbing back towards 23,775–23,780 by around 2 PM. The recovery briefly extended towards 23,785 around 2:30 PM, but selling pressure returned in the final hour, dragging the index back towards 23,740.
A late recovery, followed by a boost during the closing auction session, helped Nifty regain some lost ground and close at 23,779.15. Despite the late bounce, the index ended around 104 points below its opening level, extending the prevailing weakness in domestic markets.
Sectoral Indices Performance
Winners & Losers
Commodities
FII / DII Flows
Here’s the trend of FII-DII activity from the last 5 days:
Thematic Indices
Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard
Change in OI for the day
The following is the change in OI for Nifty contracts expiring on 8th September:
The maximum Call Open Interest (OI) is observed at 24,000, followed by 23,900, indicating potential resistance at the 23,900- 24,000 levels.
The maximum Put Open Interest (OI) is observed at 23,500, followed by 23,700, suggesting support at 23,700-23,600.
Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.
Source: Sensibull
Top Stories in India
SEBI has exempted FPIs investing exclusively in Indian government securities from submitting investor-group details, reducing compliance requirements. The exemption, previously limited to investments through the Fully Accessible Route, will now apply across all government-security investment routes. Dive deeper
India’s automobile retail sales rose 17.5% YoY to 24.23 lakh units in August, led by two-wheelers (+19.7%), passenger vehicles (+16.1%) and commercial vehicles (+14.5%). However, sales fell 6.5% MoM, reflecting the monsoon lull and shift in festive buying into September. Dive deeper
India’s Defence Acquisition Council cleared capital acquisition proposals worth around ₹1.1 lakh crore, with roughly 98% of the procurement to be sourced from domestic companies. The move is aimed at boosting indigenous defence manufacturing and reducing reliance on imports. Dive deeper
Novartis India approved the acquisition of the ‘Minipress’ and ‘Minipres’ trademarks and related intellectual property from Pfizer for around ₹1,250 crore. Dive deeper
Maruti Suzuki will raise prices of select models by up to ₹20,000 from September, citing higher input costs and inflationary pressures. This marks the carmaker’s third price hike since May, though the latest increase will not apply across its entire portfolio. Dive deeper
TCS launched a 4,500-square-foot AI-native Creative Engineering Studio in London, bringing together creative, industry and engineering teams. The facility will help clients use AI to improve customer experiences, drive revenue growth and boost operational efficiency. Dive deeper
Asian Paints appointed Leo Puri as chairman-designate, with Puri set to succeed R. Seshasayee as chairman on January 23, 2027. The leadership transition comes as the company faces intensifying competition in the decorative paints market. Dive deeper
Top Stories Globally
Brent crude rose to a six-week high of $97.5 per barrel, nearly 40% above pre-war levels, as prolonged U.S.-Iran tensions kept supply concerns elevated. Iran said it was close to agreeing on a tanker route through the Strait of Hormuz with Oman, though continued strikes and the U.S. naval blockade kept risks high. Dive deeper
Jaguar Land Rover will cut around 4,000 jobs globally over the next two years, targeting £1.7 billion in savings as it faces Chinese competition, tariffs and other industry pressures. The company aims to lower its break-even point towards 300,000 vehicles. Dive deeper
European Commission President Ursula von der Leyen announced a €200 million ($232.5 million) partnership with Greenland, underscoring the Arctic island’s growing strategic importance to the European Union. Dive deeper
The Japanese yen surged to a seven-month high, briefly reaching 154.05 per dollar, supported by expectations of faster Bank of Japan tightening, capital repatriation and unwinding carry trades. The yen strengthened around 1% on Monday, moving beyond levels reached after the U.S.-Japan intervention in July. Dive deeper
The Eurozone economy grew 0.6% QoQ in Q2 2026, revised up from 0.4% and its strongest growth since Q2 2022. The upgrade was driven largely by Ireland’s 10.2% surge in GDP, while Germany grew 0.3%, Spain 0.7%, and Italy 0.2%. Dive deeper
Management Chatter
In this section, we highlight interesting comments from management at major companies and from policymakers in the Indian and Global Economies.
Murali Krishna, chief global officer & country head, Providence India on the future of GCCs in India:
For decades, GCCs were measured by headcount. Increasingly, they will be measured by the innovation they lead, products they build and business outcomes they deliver. India is already seeing this shift, with GCCs taking ownership of product development, AI, cybersecurity, platforms and enterprise transformation. As they build deeper domain expertise, the move from execution to creation – and eventually commercialisation – is becoming a natural next step.
India is well positioned for this evolution, with GCCs contributing to R&D, product innovation, AI, cybersecurity and strategic decision-making. Healthcare is particularly compelling because its challenges are complex, regulated and mission-critical, creating opportunities to take proven solutions to other health systems. - Link
Partho Banerjee, Senior Executive Officer, Marketing & Sales of Maruti Suzuki, on Strong sales performance in regional markets like Kerala during Onam, indicating healthy underlying demand ahead of the national festive season:
“For Maruti, every day is a festive season now. But just to give you a perspective on Onam, in the previous month, we saw very strong retail sales in the Kerala market. For the first time in Maruti’s history, our van market share in Kerala reached 60%. That clearly shows vehicles are in high demand—be it in Kerala or across the country—and we are expecting that during the festive season, there will be a further surge in sales.” - Link
Corporate Actions & Events
Corporate Actions
Published by Zerodha. Not investment advice. Data from NSE, BSE, and MCX.
In our latest episode of In The Money by Zerodha, we take a closer look at India’s market-cap-based indexes — from the Nifty 50 and Nifty Next 50 to the Midcap 150, Smallcap 250 and Nifty 500.
We compare seven major indexes to see how they differ in composition, performance, risk, and diversification, and look at what the data tells us about investing across different parts of the market.
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