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The Indian stock market fell for the third session on Wednesday, 9 September, amid rising oil prices. Despite this, Kotak Securities expert Amol Athawale suggested buying Swiggy, Cummins India, and one other stock for the short term. "For day traders, 23,550 would remain immediate resistance," said Athawale regarding the market.
Salary hikes hit 45% for premium talent earning over ₹50 lakh, while entry-level roles saw 6-7% increases in August. Ramani Dathi of TeamLease said, “Typically, you would expect that at higher salary level, the hike percentage would be slightly lower.” High demand for niche tech skills drove these significant pay gaps.
Bernstein initiated coverage on Multi Commodity Exchange of India with an ‘Outperform’ rating and a target price of Rs 3,830. The brokerage said MCX’s contract volumes have shown stronger-than-expected momentum. It expects growth in commodity derivatives to continue as retail traders shift focus, helping the exchange boost its future earnings.
Eleven BSE 500 stocks recorded profit margins above 10% for four straight quarters through June 2026. These companies saw their share prices surge up to 120% over the past year. Hindustan Copper and Aether Industries led the pack with 118% gains, showing that consistent profitability often helps build strong investor wealth.
Three mainboard IPOs — Kanohar Electricals, Glass Wall Systems (India) and Prasol Chemicals — are set to close today. All three issues saw decent demand from investors. Kanohar Electricals got 37.86 times subscription, Glass Wall Systems reached 31.24 times, and Prasol Chemicals showed 2.56 times subscription as of 2.20 pm today.
National Stock Exchange of India Ltd has scaled back its IPO size after key shareholders, including Morgan Stanley, trimmed their planned stake sales. Other investors like Bank of Baroda and Indian Bank also cut their offerings. One person said, "Reduction in stake sale after roadshows shows their confidence in the exchange's growth."
HDFC Bank won all seven Bahrain cases filed by Credit Suisse AT1 bond investors on September 9. The court rejected allegations of mis-selling, saying investors failed to provide evidence linking the bank to their losses. The bank said, "All seven cases of legal proceedings against HDFC Bank stand rejected."
Jefferies sees up to 46% upside in Adani Energy Solutions and 29% in Adani Enterprises. The brokerage kept its Buy rating for both stocks. Jefferies said, "Increasing tie-ups in the trading segment is in-line with management vision." Adani Enterprises continues to grow its diverse businesses across airports and data centres.
State Bank of India expects FCNR liquidity deployment to take three to four months. Chairman C S Setty said, "It will take about three to four months for the deployment of the liquidity." The bank also started using agentic AI to improve customer service, risk management, and productivity across banking operations.
Embraer is set to enhance its local production and sourcing capabilities in India. The Brazilian aircraft manufacturer wants to deepen its manufacturing footprint by integrating Indian companies into its global supply chain. Union Minister Ram Mohan Naidu Kinjarapu said he was "pleased to hear about Embraer's Make in India plans."
The European Central Bank is expected to raise interest rates to 2.50% on Thursday. This move comes as soaring energy prices amid the Iran war fuel fresh inflation concerns. With inflation above its 2% target, many experts said the bank will likely signal that further rate hikes could follow soon.
HCL Technologies shares fell 1.5 percent on Thursday, making the stock the top loser on the Nifty 50. Citi kept a sell rating, citing a high valuation despite the company’s AI progress. The stock has fallen 26 percent in 2026. Meanwhile, HCL Tech recently opened a new semiconductor lab in Bengaluru.