US CPI (YOY) (AUG) ACTUAL: 3.4% VS 3.4% PREVIOUS; EST. 3.4%

US CORE CPI (YOY) (AUG) ACTUAL: 2.4% VS 2.5% PREVIOUS; EST. 2.4%

PRESIDENT PUTIN SAYS WESTERN COMPETITORS OF BRICS ARE TRYING TO REGAIN FORMER LEADERSHIP, AND THIS STRUGGLE IS TAKING AN UNSEEMLY TURN AT GOVERNMENTAL LEVEL

PRESIDENT PUTIN SAYS WEST COUNTRIES ARE TRYING TO INTERFERE WITH LOGISTICS, DESTROY INFRASTRUCTURE, AND SEIZE VESSELS

PRESIDENT PUTIN SAYS WEST IS RESORTING TO DIRECT DESTRUCTION OF FACILITIES AND PIPELINES IN AN EFFORT TO MAINTAIN ITS ECONOMIC LEADERSHIP

RBI: FCNR(B)-LINKED PSL EXEMPTIONS TO APPLY ONLY TO DEPOSITS MOBILISED UNTIL AUG. 31

IRAN CALLS FOR BRICS BANK TO BOOST INFRASTRUCTURE FINANCING

LANCER CONTAINER LINES: CO REPORTS CYBER FRAUD INVOLVING IMPERSONATION AND FRAUDULENT PAYMENT INSTRUCTIONS, NO BUSINESS DISRUPTION, COMPLAINT LODGED

BLOCK DEAL IN GRANULES INDIA

Promoter Krishna Prasad Sells 1.72 Cr Shs (6.9% Eq) In Co For ₹1,509 Cr Via Block Deal

Smallcap World Fund Buys 34.74 Lk Shares (1.4% Eq) In Co For 303 Cr

BNP Paribas Buys 13.2 Lk Shares (0.53% Eq) In Co For 115 Cr

Goldman Sachs Buys 11.73 Lk Shares (0.47% Eq) In Co For 102 Cr

Kotak Mah Life Buy 11.54 Lk Shares (0.47% Eq) In Co For 101 Cr

Shares Were Bought At An Average Price Of 872.50/Share On NSE

JSW ENERGY : SUBSIDIARY RECEIVES ICRA RATINGS

• JSW Neo Energy, a wholly owned subsidiary, receives credit ratings from ICRA

• Long-Term Bank Loans: ICRA AA (CE) / Stable

• Unsupported Long-Term Bank Loans: ICRA AA- / Stable

• Commercial Paper & Short-Term/Working Capital: ICRA A1+

• Ratings reaffirm the subsidiary’s strong credit profile

SEBI PAPER ON CAS IS OUT
* 5 topics with suggestions
* Deadline for suggestions is Oct 3rd

Read on.

1. F&O SETTLEMENT

Option 1: Use Blended VWAP
1. 30 minutes of normal cash trading + 10 mins of CAS
2. Weight depends on actual trading in each period

Option 2: Go back to old VWAP, for now
1. Use only last 30 mins of continuous cash trading
2. CAS trades would have 0 role in expiry settlement
3. Take a call on moving to Option 1 after 1 year

2. MARKET TIMINGS

Option 1
1. Normal cash trading for CAS stocks until 3:30 PM
2. CAS then runs roughly 3:31–3:40 PM
3. F&O trading continues until 3:45 PM

Option 2
1. CAS stocks continue normal trading only until 3:15 PM
2. CAS runs roughly 3:15–3:25 PM
3. F&O closes at 3:30 PM
4. Non-CAS stocks continue trading normally until 3:30

3. NO LIVE INDICATIVE INDEX VALUES DURING CAS

1. Stop showing the live indicative index during CAS
2. Individual stocks can still show indicative rates

4. CLAMP DOWN ON SPOOFING

1. Keep the overall CAS price band at ±3%
2. Orders within ±1% of ref price can be cancelled
3. An order > 1% away from ref price = no cancellation

5. BRING ICEBERG ORDERS INTO CAS
6. Any unexecuted portion of an Iceberg order at the end of normal trading would move into CAS
7. But it would become a normal limit order

BOJ JGB HOLDINGS PLUNGE BY RECORD ¥47.8 TRILLION YOY IN JULY

BANK OF JAPAN CUTS GOVERNMENT BOND HOLDINGS AT UNPRECEDENTED PACE; ¥47.8 TRILLION ANNUAL DROP MARKS BIGGEST DECLINE EVER

TATA CHEMICALS : ACQUIRES NORTH AMERICAN SODA ASH CONTRACTS

• Tata Chemicals’ wholly owned subsidiary Tata Chemicals North America Inc. (TCNA) has completed the acquisition of North American soda ash customer contracts from Searles Valley Minerals Inc. (SVM)

• Contracts represent 500,000+ metric tonnes to be serviced over 2 years

• TCNA was declared the successful bidder in SVM’s Chapter 11 bankruptcy proceedings

• Acquisition completed on 11 September 2026 after fulfilment of all conditions

• Business: Soda Ash

• Contract Tenure: 2 years

SIEMENS:

CO HAS MOVED FORWARD WITH THE PROPOSED AMALGAMATION OF ITS UNIT SIEMENS RAIL AUTOMATION WITH SIEMENS

SEBI CONSULTATION PAPER ON CAS

SEBI Proposes Blended VWAP For Expiry-Day Derivatives Settlement

Alert: VWAP Is Volume Weighted Average Price

Blended VWAP To Include Last 30 Min CTS + 10 Min CAS

Alert: CTS Is Continuous Trading Session

SEBI Floats CTS VWAP As Alternative Interim Settlement Methodology

SEBI Proposes Scrapping IEP-Derived Indicative Index Value During CAS

SEBI Proposes Cutting CAS Transition Period To 1 Minute From 5 Minutes

SEBI Proposes Cutting Post-CAS F&O Trading Window To 5 Minutes

SEBI Floats Two Options For CAS Market Timings: 3:30 PM Or 3:15 PM CTS

SEBI CONSULTATION PAPER: 7 KEY PROPOSALS

SEBI proposes changes to CAS, derivatives settlement & mkt timings

Option 1: Derivatives settlement price to use CTS + CAS trades

Option 2: Continue CTS-only settlement initially; CAS To be added post 1 yr

IPO GMP TODAY | 12 SEP 2026

MAINBOARD IPOs

• NSE — ₹218 (12.21%)

• SS Retail — ₹80 (18.87%)

• Jindal Supremo — ₹21 (22.58%)

• Hero Motors — ₹10 (11.90%)

• Manika Plastech — ₹7 (16.28%)

• Veegaland Developers — ₹20 (14.29%)

SME IPOs

• Panchatv Bharat — ₹7 (5.00%)

• Maharaja & Speedex India — ₹30 (16.13%)

• Raksan Transformers — ₹30 (10.99%)

DR REDDY’S: USFDA ISSUES 2 OBSERVATIONS AT MEXICO API FACILITY

• USFDA completed a records assessment of Dr Reddy’s API manufacturing facility in Jiutepec, Mexico.

• Assessment conducted from July 17 to September 8, 2026.

• USFDA issued Form FDA 2953 with 2 observations.

• Company will respond within the stipulated timeline.

YESTERDAY LARGE TRADES

BLACKBUCK LTD
• 🔴 Accel India IV — Sold 27L @ ₹576.05 (1.48%)
• 🟢 Abakkus Investment Managers — Bought 27L @ ₹576.05 (1.48%)

SRI LOTUS DEVELOPERS & REALTY
• 🔴 Mohamed Irfan Mohamed Latif Shaikh — Sold 15L @ ₹201.75 (0.31%)
• 🟢 Morgan Stanley Asia Singapore — Bought 15L @ ₹201.75 (0.31%)

NRB BEARINGS
• 🔴 Trilochan Singh Sahney Trust 1 (Promoter) — Sold 5L @ ₹505
• 🟢 DT Fund — Bought 2.28L @ ₹505
• 🟢 GP Emerging Markets Strategies — Bought 1.12L @ ₹505
• 🟢 University of Notre Dame — Bought 1.61L @ ₹505

WESTLIFE FOODWORLD
• 🔴 SBI Mutual Fund — Sold 53,053 @ ₹569.60

ELECTROTHERM INDIA
• 🔴 8 Square Capital — Sold 2.16L @ ₹951.82 (1.69%)
• 🟢 Radiant Global Fund — Bought 2.16L @ ₹951.83 (1.69%)

ANMOL INDIA
• 🟢 Radiant Global Fund — Bought 3L @ ₹16.28 (0.53%)

SILKY OVERSEAS
• 🔴 Vincent Commercial — Sold 1.08L @ ₹68.76 (1.70%)
• 🟢 Brightful Commercial — Bought 1.08L @ ₹68.76 (1.70%)

MEGATHERM INDUCTION
• 🟢 Pankaj Prasoon & HUF — Bought 94,800 @ ₹241.88 (0.50%)

INDO THAI SECURITIES
• 🔴 Bonanza Portfolio — Sold 7.97L @ ₹43.68
• 🔴 Neo Apex Share Broking — Sold 7.51L @ ₹45.49
• 🔴 Prijal Tradefin — Sold 6.65L @ ₹43.41
• 🔴 Mansi Share & Stock Broking — Sold 3.93L @ ₹44.54
• 🔴 Arihant Capital Markets — Sold 20,000 @ ₹44.99
• 🟢 Ashwin Stocks & Investment — Bought 2.91L @ ₹43.92
• 🟢 Ankita Vishal Shah — Bought 1L @ ₹45.45

FASCINATE TEXTILES
• 🔴 Neo Apex Share Broking — Sold 72,800 @ ₹53.15
• 🔴 Zamaira Developers — Sold 1.38L @ ₹53.15
• 🔴 Kanodia Stock Broking — Sold 85,600 @ ₹53.15
• 🟢 Balaji Niketan — Bought 1.88L @ ₹53.15

U.S. Ties Chinese Satellite Data to Deadly July Strike on Iran — WSJ

The U.S. has linked Chinese satellite imagery to an Iranian attack in July that killed three U.S. troops, according to WSJ.

The development adds another layer to rising U.S.-China tensions over the Middle East.

CEIGALL INDIA – ACQUIRES 100% STAKE IN JKJPTL

• Acquisition: 100% stake in Jam Khambhaliya Jamnagar Power Transmission Ltd for ₹5 Lakh

• Purpose: Establishment of common transmission system

• JV Investment: ₹49,000 for 49% stake in proposed infrastructure development JV

• Status: Board approved the acquisition & investment