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 with a big 198-point gap down at 23,858, tracking weak global markets amid a relentless surge in bond yields across the globe and rising oil prices. The index remained under pressure immediately after the open, briefly slipping towards 23,790 before attempting a recovery. Nifty gradually climbed back towards the 23,880–23,890 zone by around 10:30 AM, but the recovery failed to sustain.
Selling resumed thereafter, dragging the index back towards 23,825 by 11 AM and eventually near 23,800 around noon. By the end of the first half, however, some buying emerged from the lows, helping Nifty recover towards 23,850.
The recovery gathered momentum in the second half, with Nifty steadily climbing towards the 23,870–23,880 zone by around 1:30 PM. After a brief period of consolidation, the index extended its recovery after 2 PM and moved close to 23,910 around 2:30 PM.
A pullback towards 23,860 followed in the final hour, but buyers stepped in again, taking Nifty back towards 23,885 heading into the close. A further boost during the closing auction session lifted the index to 23,914.45, helping it recover more than 100 points from the day’s low, though it still ended around 140 points below the previous close.
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 24,200, followed by 24,000, indicating potential resistance at the 24,100- 24,200 levels.
The maximum Put Open Interest (OI) is observed at 23,800, followed by 23,500, suggesting support at 23,800-23,700.
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
Japan Credit Rating Agency upgraded India’s sovereign credit rating by one notch to A- from BBB+, with a Stable outlook, citing strong economic growth and an improving financial system. JCR highlighted India’s 7% growth, supported by robust private consumption and public investment. Dive deeper
Adani Ports handled a record 50 million tonnes of cargo in August, up 19% YoY, marking its highest-ever monthly throughput, supported by stronger domestic activity, container trade and a diversified cargo mix. Dive deeper
Amul was named the world’s strongest dairy brand, with its brand value rising 22% to $5 billion and a Brand Strength Index score of 93/100. It ranked fourth among global dairy brands by value, supported by new product launches and overseas expansion. Dive deeper
Indian banks’ fundraising through certificates of deposit fell to a four-month low of ₹68,130 crore in August, from ₹95,945 crore in July. The decline was driven by higher FCNR(B) deposit mobilisation and surplus liquidity in the banking system. Dive deeper
Tata Motors’ commercial vehicle business received European Central Bank approval for its €3.8 billion (₹40,000 crore) takeover offer for Iveco Group, completing the required sector-regulatory clearances and moving the deal closer to the shareholder offer stage. Dive deeper
ICICI Bank mobilised $17.88 billion through FCNR(B) deposits by August 31 under the RBI’s concessional swap facility. The scheme was introduced to boost foreign-exchange liquidity and strengthen India’s external-sector position amid global uncertainty. Dive deeper
Reliance Industries’ FMCG arm Reliance Consumer Products entered India’s ice cream market with the launch of Bombay Creamery, positioning it as an accessible premium dairy brand made with authentic dairy ingredients. Dive deeper
Top Stories Globally
Crude oil hovered around $90 per barrel, near six-week highs, after rallying over the previous two sessions as escalating U.S.-Iran hostilities kept concerns over Middle East supply disruptions elevated. Dive deeper
The U.S. dollar index rose to a two-week high near 99.8, as investors sought the currency amid concerns over the economic impact of higher energy prices. The dollar also benefited from the U.S. economy’s relatively lower exposure to the oil shock compared with Europe and Japan. Dive deeper
Taiwanese companies are planning an additional $20 billion of investments in the U.S., driven by growing demand for AI applications, according to Taiwan’s economy minister. Dive deeper
Dell Technologies shares jumped 9% after-hours after Q2 revenue surged 58% YoY to $46.97 billion, beating estimates, while adjusted EPS of $7.04 also topped expectations. Dell raised its FY27 revenue outlook to $192 billion, as growing AI and agentic workloads are also driving incremental demand for traditional servers and CPU compute capacity. Dive deeper
European stocks remained subdued, with the STOXX 50 flat and STOXX 600 down 0.1% near one-month lows, as escalating Middle East tensions kept oil prices elevated, fuelling inflation concerns and expectations of tighter monetary policy. Dive deeper
Uber is reportedly cutting around 3,300 jobs, or 10% of its global workforce, as part of a restructuring aimed at reducing management layers and redirecting spending towards ride-sharing, delivery and robotaxi businesses. 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.
AB InBev India, the maker of Budweiser and Corona on strong growth due to favourable policy changes & premiumisation:
“The change in Maharashtra’s policy to equalise the tax on beer and other spirts started us off on a good note for the year. That, coupled with performance in bellwether states such as Karnataka, West Bengal, and Telangana, led us to a high double-digit growth in the first quarter. The strong summer season and the delay in monsoon provided further impetus,”
“This is what we are very encouraged by. The directional trends are very encouraging and we see no reason why it slows down into this last quarter. The upcoming festive season will provide further impetus and give us a favourable momentum that we have not seen in a long time,” - Link
Denmark-based global towage provider Svitzer says India’s maritime ecosystem is evolving beyond ports and trade:
India has many of the building blocks required to become a globally competitive hub for next-generation, low-emission vessel manufacturing. The Maritime Amrit Kaal Vision 2047 sets an ambition for India to be among the world’s top five countries in ship ownership and shipbuilding by 2047.
This ambition is supported by encouraging growth in domestic shipbuilding, with the latest UN Trade and Development (UNCTAD) data showing shipbuilding output increased by 41%, from 40,923 GT in 2024 to 57,637 GT in 2025. - 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 look at what an average really is, the three kinds of mean — arithmetic, geometric, and harmonic — and why each is useful in a different context.
We also trace how averaging evolved from ancient mathematics to statistics and eventually into financial markets. Finally, we get into the modern indicators: SMA, EMA, volume-weighted and adaptive moving averages, VWAP, and anchored VWAP, and how moving averages are actually used to identify trends. We also look at when they fail — and what you can use instead.
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