MOLBIO Hits 20% Upper Circuit, ESDS Zooms 268% Against Issue Price & More

Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.

Nifty 50 and Sensex ended in the green after a narrow, range-bound trading session on Thursday, September 10, as traders assessed the oil price outlook amid persistent geopolitical tensions in the Middle East. On the sectoral front, Nifty Financial Services outperformed the broader market, while Nifty Auto, Nifty Metal, and Nifty Pharma indices declined. 

Key Indices

Today’s Top News from the Indian Share Market

MOLBIO₹1,509.40 +19.99%

Molbio Diagnostics’ share price was locked at the 20% upper circuit amid exceptionally heavy volume. 

MANINDS₹876.45 +10.59%

The company has received new orders worth ₹600 crore from domestic and international customers. The orders are for supply of various types of pipes and are expected to be delivered within 6-9 months. The company’s total unexecuted order book stands at ~₹4,100 crore.

OLAELEC₹39.15 +4.93%

The company is now aggressively expanding its physical touchpoints. For years, Ola Electric relied almost exclusively on a direct-to-consumer (D2C) model. While ordering online is convenient, Indian two-wheeler buyers still prefer hands-on experience including test rides, local sales interactions, and accessible physical service centers. Volumes surged on the counter.

EIEL₹211.65 +2.71%

Shares of Enviro Infra rallied after the company received a Letter of Intent (LoI) from Tata Power Renewable Energy for an EPC turnkey project worth ₹224.19 crore.

DBL₹407.75 +3.75%

The company has executed definitive agreements to divest its stake in Mekhali Power Transmission, the SPV undertaking the company’s under-construction power transmission project to Alpha Alternatives Fund Advisors LLP for ₹2,171 crore. The transaction supports the company’s continued efforts to deleverage and strengthen its balance sheet. Additionally, the company secured an Intent (LOI) worth ₹1,800 crore (excluding GST) from the Petroleum and Natural Gas Regulatory Board (PNGRB) for a pipeline from Paradip, Odisha to Raipur, Chhattisgarh.

SHAKTIPUMP₹503.20 +7.57%

It has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company (MSEDCL) for 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps under the Magel Tyala Saur Krushi Pump Yojana. The total value of the pumps is around ₹235.92 crore (inclusive of GST), which is to be executed within 60 days from the issuance of the work order.

ESDS₹1,582.20 +9.96%

 ESDS Software Solution’s stellar stock market dream run continues. The market price of the IT-enabled services company jumped  268% against its issue price within just a week of its listing, continuing to hit upper circuits on robust demand. The company’s step down subsidiary Suyog Urja has received a Letter of Intent (LoI) from Tata Power Renewable Energy for the execution of EPC turnkey works for the development of a Wind Power Project at Parli, Maharashtra. 

Broader Market Performance Today

NIFTY MIDCAP 150₹22,904.25 -0.38%

NIFTY SMLCAP 250₹18,433.40 +0.01%

INDIA VIX11.80 -1.01%

Top Performing Sectors Today

Top Gainers

Company	Today’s Chg	LTP
Nifty Financial ServicesNIFTY FIN SERVICE	+0.57%+143.50	25520.30
Nifty MediaNIFTY MEDIA	+0.55%+8.35	1534.80
Nifty PSU BankNIFTY PSU BANK	+0.39%+32.65	8401.85

Top Losers

Company	Today’s Chg	LTP
Nifty AutoNIFTY AUTO	-0.41%-112.40	27540.95
Nifty PharmaNIFTY PHARMA	-0.51%-135.95	26555.85
Nifty MetalNIFTY METAL	-0.65%-86.45	13304.95

*Prices shown may have delay up-to 15 minutes

Today’s Top Gainers and Losers

Top Gainers

Company	Today’s Chg	LTP
Swan Corp Ltd.SWANCORP	+7.38%+20.50	298.15
Acutaas Chemicals Ltd.ACUTAAS	+6.47%+209.60	3451.40
Welspun Corp Ltd.WELCORP	+6.46%+168.40	2776.90
KEC International Ltd.KEC	+5.15%+20.25	413.45
Ather Energy Ltd.ATHERENERG	+4.96%+78.30	1658.30

Top Losers

Company	Today’s Chg	LTP
Zee Entertainment Enterprises Ltd.ZEEL	-5.55%-4.76	80.95
Sai Life Science Ltd.SAILIFE	-5.03%-84.30	1591.10
HEG Ltd.HEG	-4.99%-13.10	249.65
HFCL Ltd.HFCL	-4.93%-12.11	233.32
Afcons Infrastructure Ltd.AFCONS	-4.85%-13.30	260.85

*Prices shown may have delay up-to 15 minutes

FII DII Activity (₹ Cr)

What’s Happening Beyond Markets?

• India and ASEAN countries have reaffirmed their shared commitment to building a more food-secure, sustainable and resilient agricultural future at the 9th ASEAN-India Ministerial Meeting on Agriculture and Forestry
•  India’s merchandise exports grew by around 15 per cent during April-August this fiscal despite global uncertainties. 
• Reserve Bank of India’s (RBI) Deputy Governor Rohit Jain has emphasized that policy should provide room for innovation to grow while ensuring that accountability and resilience grow alongside it. He also stressed that policy has to remain informed by what is happening on the ground.
• The Delhi High Court has mandated biometric Aadhaar authentication for all Goods and Services Tax registrations. This directive aims to prevent fraudulent registrations and curb significant tax evasion detected annually.
• India has asked sugar mills to ensure adequate supplies during the festival season and sell the sweetener at reasonable prices, while warning it will take corrective measures to keep prices stable as per media reports.
• The dynamics of India’s trade with BRICS nations have transformed, with imports outpacing exports and causing the trade deficit to reach $226.1 billion in FY2026. BRICS countries now represent over 41% of India’s merchandise imports, although their export share has slightly diminished. With China, UAE, and Russia leading the surge, India must prioritize export growth to these countries to reverse the escalating trade imbalance.
• India’s fintech transformation a result of innovation, inclusion & trust coming together, said RBI’s Sanjay Malhotra

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Terms that put you one step ahead – every day

Types of Institutional Investors: Market Power Players Explained

Mutual Funds: Dominant by AUM. Industry AUM stood at ₹85.76 lakh crore as of July 31, 2026 (AAUM ₹86.34 lakh crore in July). Equity-oriented schemes and SIPs drive significant equity deployment.

Insurance Companies (e.g., LIC): Invest policyholder premiums in equities and debt for long-term stability. Their buy-and-hold strategy cushions volatility.

Pension & Provident Funds (including EPFO) — Conservative mandates focused on blue-chips and government securities for retirement corpus protection.

Banks — Invest surplus funds with RBI capital constraints limiting equity exposure.

Foreign Portfolio Investors (FPIs) — Global funds, hedge funds, sovereign wealth funds, etc., bringing foreign capital.

Endowments & Charitable Trusts — Long-term wealth managers for institutions.

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