Stocks in News: Tuesday, 08 September 2026

Daily 10:00 AM IST scan. This quick report scans the current Nifty 500 universe (501 constituents) against recent corporate announcements and market headlines from the monitored feeds. Items are grouped by headline tone and are not buy or sell recommendations.

Positive Stocks in News (10)

• Power Grid: GE Vernova shares surge 8% as firm declared lowest bidder for Power Grid project; Nomura raises target price. GE Vernova T&D India shares rose after the company emerged as the lowest bidder for a 6,000 MW HVDC project from Power Grid. Nomura raised its target price to Rs 6,000, while Emkay retained its Buy rating with a Rs 5,300 target price. Both brokerages highlighted strong prospects in the transmission sector, capacity expansion, robust cash flows, and healthy earnings growth. (Positive) Source: Economic Times Markets
• Reliance Industries: Reliance set to return to bond market after 3 years, eyes Rs 12,500 crore fundraise: Reports. Reliance Industries is set to launch a bond sale worth 125 billion rupees, marking a significant comeback to the rupee bond market after almost three years. The five-year notes are expected to offer an attractive annual interest rate of 7.47 percent. Investor bids are anticipated by the week ending September 18, as lower local yields render this funding more economical compared to dollar-denominated debt. Also reported: ET Exclusive: Reliance Jio eyes September 2027 test flight for 1,600-satellite LEO network. Jio is targeting a September 2027 test flight for its planned 1,600-satellite low Earth orbit constellation, with mass deployment expected from early 2028. The company plans to deploy 400-450 satellites by 2030 and complete the network by 2035, aiming to deliver high-speed broadband to und... (Positive) Source: Economic Times Markets
• Biocon: Biocon signs 10-year Brazil supply deal for Pertuzumab breast cancer drug. In a significant move, Biocon has secured a ten-year contract in Brazil for the distribution of Pertuzumab, made possible through its collaboration with Bahiafarma and Bionovis. This partnership offers exclusive rights to supply the public healthcare sector in Brazil, with plans for phased localization of production. This endeavor aims to improve accessibility to critical cancer therapies while fostering local indust... (Positive) Source: Economic Times Companies
• Oil India: India adds new crude suppliers, but Russia-led 5 countries retain grip on oil imports. India expanded its crude sourcing to 31 countries during the six-month Iran war, but supply concentration increased sharply as Russia’s share surged to 47%. The Herfindahl-Hirschman Index rose 56% to 2,513, indicating high concentration, while nine of 10 new suppliers together contributed just 1.4% of imports. Also reported: Oil holds near $100 as traders await Iran-Oman deal on Strait of Hormuz shipping. Oil held gains near $100 a barrel as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, while strong Chinese buying tightened the market. (Positive) Source: Economic Times Companies
• Clean Science and Technology: Brookfield's ₹2500 crore Bikaner renewable energy portfolio acquisition: Inox Clean Energy, Purvah Green Power lead race. Inox Clean Energy and Purvah Green Power are leading contenders for Brookfield's Bikaner renewable energy portfolio. This 550 MW asset, supplying clean power to commercial clients, is valued at approximately ₹2500 crore. Hindustan Unilever and Brookfield Properties are among the portfolio's significant power purchase agreement clients. Brookfield is divesting this asset as part of a broader portfolio reshuffle in Ind... (Positive) Source: Economic Times Companies
• IIFL Finance: Fairfax plans IIFL Finance exit to fund IDBI Bank bid. Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the proposed takeover of the state-owned lender. Fairfax intends to merge CSB Bank with IDBI Bank after completing the acquisition. This move aims to simplify lending interests and avoid business overlaps. The deal is expected to be completed shortly after procedural steps. (Positive) Source: Economic Times Companies
• IDBI Bank: Fairfax plans IIFL Finance exit to fund IDBI Bank bid. Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the proposed takeover of the state-owned lender. Fairfax intends to merge CSB Bank with IDBI Bank after completing the acquisition. This move aims to simplify lending interests and avoid business overlaps. The deal is expected to be completed shortly after procedural steps. (Positive) Source: Economic Times Companies
• Bharat Electronics: BEL, HAL, Astra Microwave and others: Why defence stocks are on fire - Rally reason explained | Top shares to buy. Defence stocks surged on September 8 after DAC approved ₹1.1 lakh crore in acquisition proposals. The Nifty India Defence Index rose 1.3%, outperforming the benchmark Nifty. Major gainers included Astra Microwave Products and BEML, reflecting strong domestic procurement intent. (Positive) Source: Mint Markets
• Hal: BEL, HAL, Astra Microwave and others: Why defence stocks are on fire - Rally reason explained | Top shares to buy. Defence stocks surged on September 8 after DAC approved ₹1.1 lakh crore in acquisition proposals. The Nifty India Defence Index rose 1.3%, outperforming the benchmark Nifty. Major gainers included Astra Microwave Products and BEML, reflecting strong domestic procurement intent. (Positive) Source: Mint Markets
• Multi Commodity Exchange of India: MCX gold and silver prices rise on healthy spot demand, positive global cues; experts highlight key levels to watch. MCX gold October series rose by 0.42% to ₹1,53,461 per 10 grams, while MCX silver December contracts climbed 0.67% to ₹2,40,615 per in morning trade. (Positive) Source: Mint Markets

Neutral Stocks in News (3)

• Coforge: Coforge shares double from March low, outperform Nifty IT peers. Is more steam left in the rally?. Coforge shares have experienced a remarkable resurgence, doubling since March and leaving its IT competitors behind. The company recently announced impressive growth in net profit and revenue during the first quarter. Analysts anticipate that mid-tier IT firms like Coforge will thrive amid evolving industry dynamics. Both Jefferies and Axis Direct express optimism about Coforge's growth trajectory. The stock has cons... (Neutral) Source: Economic Times Markets
• Vodafone Idea: Supreme Court dismisses Rs 363 crore GST demand against Vodafone Idea on tower business sale. The Supreme Court dismissed the government's GST demand against Vodafone Idea. This demand related to the sale of Vodafone Mobile Services' tower business. The court questioned proceedings against a non-existent entity, Vodafone Mobile Services. The Bombay High Court had previously quashed these tax proceedings. The apex court upheld the High Court's decision, citing jurisdictional issues. (Neutral) Source: Economic Times Companies
• PVR INOX: PVR Inox says senior executive Pramod Arora was not asked to quit. PVR Inox said its promoters received anonymous communications in April alleging impropriety by certain employees, but a preliminary examination found no evidence of kickbacks. The multiplex operator also denied that senior executive Pramod Arora was asked to leave, saying he resigned for personal reasons after the allegations surfaced. (Neutral) Source: Economic Times Companies

Negative Stocks in News (1)

• Icici Lombard: Irdai fines ICICI Lombard Rs 1 crore for outsourcing, vendor management lapses. The Insurance Regulatory and Development Authority of India has imposed a ₹1 crore penalty on ICICI Lombard General Insurance for lapses in outsourcing, vendor management and corporate governance. The regulator said the insurer failed to classify event management services involving agents of other insurers as outsourced activities or report related expenses. (Negative) Source: Economic Times Companies

Quick Reading Checklist

1. Open the linked source and verify the original exchange filing.
2. Check whether the news is already reflected in the price and volume.
3. Review liquidity, corporate actions, valuation and your stop-loss before trading.

Disclaimer: This automated Stocks in News report is for educational and self-research purposes only. It is not investment advice. A positive headline does not mean a stock should be bought. Verify the original exchange filing, price, liquidity and your own risk limits before trading.