Indian equities remain under pressure as investors track elevated crude oil prices, geopolitical tensions and continued volatility in the broader market. On September 8, the Nifty 50 fell 0.61% to 23,635.10, while the Sensex declined 0.73% to 75,577.58. The Nifty has now fallen in six of the last seven sessions, while Brent crude remained close to the $100-a-barrel mark.
The September 9 session is likely to remain stock-specific, with investors tracking fresh orders, renewable-energy projects, fundraising activity, stake transactions, infrastructure contracts and corporate restructuring announcements.
Institutional Activity — September 8, 2026
| Institutional Flow | Amount |
|---|---|
| FII/FPI | ₹123.19 crore Net Selling |
| DII | ₹1,349.64 crore Net Buying |
FIIs remained net sellers on September 8, while domestic institutional investors continued to provide support through net buying. FIIs have been net sellers in four of the first six trading sessions of September.
Stocks in Focus Today
| Stock | Why It Is in Focus |
|---|---|
| NLC India | Won a 200 MW wind-power project from SJVN |
| HMA Agro Industries | Approved sale of entire stake in subsidiary FNS Agro Foods |
| Innovision | Received ₹219.07 crore NHAI toll-collection contract |
| Bank of Baroda | Plans to divest 35% of its NSE holding through OFS |
| TCS | Won ₹122.6 crore Odisha government digital-governance contract |
| Raymond | Approved ₹214.71 crore preferential warrant issue |
| Piramal Finance | Approved NCD issuance of up to ₹2,000 crore |
| Tata Communications | Kaleyra Africa completed voluntary liquidation |
| Enviro Infra Engineers | Won ₹189.99 crore renewable-energy EPC contract |
| Shadowfax Technologies | ₹200 crore institutional block deal involving Newquest and Oxbow |
NLC India
NLC India is in focus after its wholly owned subsidiary, NLC India Renewables, emerged as the successful bidder for a 200 MW wind-power project under SJVN’s 600 MW wind tender. The company has received a Letter of Award from SJVN. The development adds to NLC India’s renewable-energy portfolio as power companies continue expanding clean-energy capacity.
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HMA Agro Industries
HMA Agro Industries has approved the sale of its entire 100% stake in subsidiary FNS Agro Foods to individuals belonging to the promoter or promoter group. The transaction has been classified as a related-party transaction and remains subject to applicable approvals. The development puts the company’s subsidiary structure and promoter-related transaction in focus.
Innovision
Innovision has received a ₹219.07 crore Letter of Award from NHAI for user-fee collection at the IDTL A and B fee plazas on the six-laning project between Indore and Dewas on NH-3 in Madhya Pradesh. The contract also includes maintenance of adjacent toilet blocks. The order adds another infrastructure-related contract to the company’s business pipeline.
Bank of Baroda
Bank of Baroda will be watched after proposing to divest up to 76.90 lakh NSE shares, equivalent to around 35% of its holding in NSE, through an offer for sale. The transaction is linked to the proposed NSE IPO and remains subject to regulatory approvals. The bank expects the transaction to be completed by the end of September.
TCS
TCS has won a ₹122.6 crore contract from the Odisha government for implementation of the next phase of the Odisha State Workflow Automation System, or OSWAS 3.0. The project is expected to extend TCS’s partnership with the Odisha government by around six years. The announcement keeps the IT major in focus amid continued attention on government digitisation and technology spending.
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Raymond
Raymond has approved a preferential issue of 33.29 lakh convertible warrants to Minerva Ventures Fund at ₹645 per warrant. The proposed fundraising amounts to approximately ₹214.71 crore and remains subject to shareholder and regulatory approvals. The capital-raising plan is the key corporate development for the company in Wednesday’s session.
Piramal Finance
Piramal Finance’s committee has approved the issuance of secured, rated, listed and redeemable non-convertible debentures worth up to ₹2,000 crore through private placement. The fundraising plan puts the company’s capital-market activity and funding requirements in focus.
Tata Communications
Tata Communications is in focus after its wholly owned indirect subsidiary Kaleyra Africa completed its voluntary liquidation process in South Africa. The subsidiary ceased operations effective September 4. The development represents a corporate-structure update as Tata Communications continues to streamline its international operations.
Enviro Infra Engineers
Enviro Infra Engineers’ subsidiary Suyog Urja has secured a ₹189.99 crore EPC contract from Tata Power Renewable Energy for a 180 MW NTPC wind project in Parli, Maharashtra. The project covers wind-turbine foundations, balance-of-plant work and a 33 kV transmission line, with completion scheduled for March 31, 2027.
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Shadowfax Technologies
Shadowfax is in focus after TPG-backed Newquest Asia Fund sold 80 lakh shares, representing about 1.36% of the company’s paid-up equity, for around ₹200 crore through open-market transactions. At the same time, Oxbow Master Fund acquired 47.85 lakh shares for approximately ₹119.6 crore. Newquest’s holding declined to 8.03%, while Oxbow’s holding increased to around 2%.
🏭 Sector Trends to Watch
Renewable Energy & Power: NLC India’s wind project and Enviro Infra Engineers’ renewable EPC order highlight continued activity in India’s renewable-energy infrastructure.
Technology & IT: TCS remains in focus following its Odisha government contract, while the broader IT sector continues to respond to global technology-spending trends.
Infrastructure: Innovision’s NHAI contract reinforces continued activity in road-related infrastructure and toll-management services.
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Financial Services: Bank of Baroda’s planned NSE stake sale and Piramal Finance’s proposed NCD issue keep capital-market activity in focus.
🌍 Market Setup
The broader market setup remains cautious. Nifty’s September 8 close at 23,635 leaves investors watching the 23,500–23,600 area, while the immediate upside zone is around 23,750–23,800. These are market reference levels and are not trading recommendations.
Global markets also remain sensitive to higher oil prices and geopolitical developments. GIFT Nifty was indicating another weaker start early Wednesday, while US indices ended lower in the previous session. Brent crude’s move toward $100 remains an important variable for India’s inflation, currency and corporate-cost outlook.
Overall, September 9 is likely to remain a company-specific session, with renewable-energy orders, infrastructure contracts, IT deals, fundraising activity and institutional transactions providing the main corporate triggers.
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⚠️ Disclaimer
This article is for informational and educational purposes only. It does not constitute investment advice, financial advice, or a buy or sell recommendation. The stocks and market developments mentioned are presented only as news and information for readers. Investors should conduct their own research and consult a qualified financial professional before making any investment decisions.
Onetrader is not a SEBI-registered investment adviser or research analyst.
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