Japanese financial giant Sumitomo Mitsui plans to sell its entire 1.65% stake in Kotak Mahindra Bank via a Rs 6,166-crore block deal at a 4% discount to the last close. Analysts see short-term supply pressure but remain positive on the bank’s fundamentals, with Axis Securities maintaining a BUY call and projecting strong credit growth ahead.

Sterling and Wilson shares: The company announced it has secured a ₹415 crore order for a solar power project in Rajasthan, despite its stock hovering near multi-year lows. It received a Letter of Intent (LoI) from a top private Independent Power Producer for a BOS EPC package.

On September 9, within the Nifty50 pack, five stocks appeared in the RSI Trending Up scan, based on data from StockEdge.

Indian stocks began Wednesday on a positive note, as the Nifty extended its winning streak for the fifth consecutive day. Optimism surrounding potential goods and services tax reductions, coupled with the resumption of trade discussions between the United States and India, boosted market sentiment. The S&P BSE Sensex and NSE Nifty 50 both experienced gains at the opening.

The Indian IT sector faces a potential threat from the proposed HIRE Act 2025 in the US, which imposes a 25% tax on outsourcing. This could significantly impact India s $100 billion IT exports, with the US being a major market.

The European Union has approved 102 additional Indian fishery units for exports to its member countries, expanding market access for domestic players. The government said the move is expected to significantly boost seafood shipments, particularly aquaculture shrimp and cephalopods like squid, cuttlefish, and octopus.

A significant uptick in futures OI indicates strong growth in the number of active, unexpired futures contracts of a security.

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Tata Capital s unlisted shares have experienced a significant drop of 30% from their April peak due to various factors. These include the volatility of unlisted markets, concerns about stretched valuations compared to peers like Bajaj Finance and Shriram Finance, and the impact of HDB Financial Services IPO performance.

Gold prices experienced profit booking after reaching a record high of Rs 1,08,749 per 10 grams, influenced by the U.S. employment revision report. Silver, however, showed resilience. The U.S. data revealed a significant downward revision in employment figures, raising concerns about stagflation. Experts advise caution, suggesting booking profits in gold and implementing stop-loss measures for silver trades, considering upcoming U.S.