Tata Elxsi Signs An MoU With Sarla Aviation, SML Mahindra’s Aug Monthly Sales Jump 40% YoY & More
- Share.Market
- 10 min read
- 01 Sep 2026
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 flat after a volatile trading session on Tuesday, September 01, with almost all broader market indices ending in the red. Sectorally, most indices ended lower, with Nifty Healthcare Index emerging as the top loser and Nifty IT as the top leader.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
SMLMAHSML Mahindra released its August 2026 sales data. Total monthly sales jumped 40% year-on-year to 1,175 units, up from 842 units in August 2025. This surge was driven by a 53% increase in cargo vehicle sales (492 units) and a 31% gain in passenger vehicles (683 units). Year-to-date sales grew 14% to 8,216 units.
ITCITC’s subsidiary, ITC Infotech, announced a strategic combination with Happiest Minds Technologies. The board approved acquiring a 22.1% promoter stake in Happiest Minds, followed by a Scheme of Amalgamation to merge both entities into an AI-first tech enterprise targeting $1 billion revenue by FY28. Following the amalgamation, ITC Infotech will be listed on stock exchanges.
TATAELXSITata Elxsi has signed a Memorandum of Understanding with Sarla Aviation to co-develop “Shunya,” India’s first indigenous 6-passenger eVTOL aircraft. Tata Elxsi will deliver critical engineering support across flight control avionics, software integration, testing, and certification. The collaboration targets achieving the aircraft’s first flight within the next 18 to 24 months.
KPIGREENKPI Green Energy secured a Letter of Intent to establish a 33.6/76.6 MW DC Wind-Solar Hybrid Power Project in Gujarat under a Group Captive arrangement. Comprising 33.6 MW wind and 43 MW DC solar capacity, the project will be developed via a Special Purpose Vehicle within 14 months, featuring a 25-year Energy Supply Agreement term.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 31 Aug 2026 | -7,985.88 | 4,588.88 |
| 28 Aug 2026 | -5,039.80 | 5,183.93 |
| 27 Aug 2026 | -298.26 | 4,977.17 |
| 26 Aug 2026 | 502.63 | 6,425.16 |
| 25 Aug 2026 | 1,593.53 | 230.26 |
| Month-to-Date | -7,513.98 | 54,254.55 |
What’s Happening Beyond Markets?
- Prime Minister Narendra Modi congratulated the nation on achieving a 7.8% GDP growth rate in the first quarter of the financial year. He emphasised that these strong numbers reflect surging economic confidence across India.
- According to the Government of India, the sugar stock holding limit for dealers has been reduced to 2,000 quintals, effective September 15, 2026. This measure aims to curb hoarding, ensure adequate domestic availability, and stabilise prices for consumers.
- According to HSBC, India’s manufacturing PMI dropped to 52.8 in August. This decline indicates a significant slowdown in the sector, with both manufacturing output and new order growth decelerating to hit their lowest levels in five years.
- As per the IATA, global air passenger demand saw a marginal year-on-year increase of 0.2% in July. This slight overall growth occurred despite collective declines reported by airline carriers operating in the North American and Middle Eastern regions.
- India’s gross GST collections experienced a robust jump of 14.8% year-on-year. For the month of August, the country’s total gross goods and services tax revenue successfully surged to reach an impressive ₹1.99 lakh crore.
Corporate Actions
Ex Date and Record Date: 03 September 2026
To qualify for a dividend, investors must buy shares before the ex-dividend date. This accommodates the trade settlement period, ensuring that they are officially registered as shareholders by the record date.
| Stock | Event Type | Event Details |
| Action Construction Equipment Ltd. | Dividend | Final Dividend, ₹2.00 |
| Nirlon Ltd. | Dividend | Final Dividend, ₹15.00 |
| Vadilal Industries Ltd. | Dividend | Dividend, ₹43.00 |
IPO Corner: Mainboard
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Issue Price | Minimum Investment | Subscription Status |
| Purple Style Labs Ltd. | 31 Aug to 02 Sep, 2026 | ₹680 Cr | ₹546 to ₹575 | ₹14,196 | x subscribed |
| Deepa Jewellers Ltd. | 01 Sep to 03 Sep, 2026 | ₹460 Cr | ₹168 to ₹177 | ₹14,112 | x subscribed |
3 Green Energy and Solar Stocks to Watch Out
Back to Basics
Terms that put you one step ahead – every day
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Learn more: https://www.share.market/buzz/learn/mutual-fund-myths/
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
