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Shein shares fell 8% on their Hong Kong debut on Tuesday despite strong IPO demand. Many investors got worried about the company’s growth and rising costs. Analysts said the firm faces tough trade rules and competition. The retailer now tries to use new marketplaces to keep its business moving forward.
AI hardware demand helped sustain manufacturing growth across several Asian economies in August. China, Japan, and South Korea saw factory activity expand as strong semiconductor exports supported the region. While this tech boom helped, many experts said the prolonged Middle East conflict and rising costs still pose risks to growth.
Bajaj Auto shares rose 3% on Tuesday after the company reported a 28% year-on-year jump in August 2026 sales. The firm sold 5,35,764 units, helped by a 53% surge in two-wheeler exports. This strong performance pushed the stock to an intraday high of Rs 12,470, continuing its recent upward momentum.
HDFC Bank started its search for a successor to CEO Sashidhar Jagdishan, who will not seek an extension. The bank plans to hire an executive search firm this week. Candidates like Kaizad Bharucha, V. Srinivasa Rangan, Dinesh Khara, and Amitabh Chaudhry are in the running for the top job.
Sensex and Nifty drifted lower in early trade on Tuesday (September 1, 2026) as higher oil prices and U.S.-Iran tensions worried investors. The Sensex fell 121.48 points to 76,835.79. Many stocks got hit, though India’s economy showed resilience with 7.8% growth. Experts said markets remain cautious due to global uncertainty.
Motilal Oswal reported that four metal stocks beat estimates while two missed during the first quarter. Revenue across their coverage universe grew 20% from a year ago. Analysts said, "pricing power did the heavy lifting this time, not sales growth." Higher aluminum and zinc prices helped companies earn more profit.
Global markets show a cautious tone on 1 September 2026 as US-Iran tensions push crude oil prices higher. US stocks fell on Monday, while Asian indices remain mixed. Ponmudi R said, “Crude oil remains a key monitorable for domestic markets.” Investors now wait for the US jobs report for fresh clues.
Nifty and Sensex opened lower on Tuesday morning amid global headwinds. The Nifty 50 traded at 24,038.35, down 42.05 points, while the Sensex fell 80.74 points to 76,876.53. Rising crude oil prices and global tensions weighed on sentiment. Shrikant Chouhan said, “Crude, meanwhile, continues to spiral higher,” affecting the broader market mood.
Fresh rupee term deposit rates fell to 5.90% in July from 5.99% in June, according to Reserve Bank of India data. While fresh deposit rates dropped, outstanding rates stayed stable at 6.58%. Meanwhile, the one-year average marginal cost of funds-based lending rate rose to 8.70% in August from 8.60% in July.
Crude oil prices rose on September 1 as renewed fighting between the U.S. and Iran sparked supply fears. Brent crude futures gained 70 cents to reach $91.20 a barrel. Tensions near the Strait of Hormuz grew after a tanker reported being struck by projectiles, leaving markets worried about future costs.
ITC Infotech will acquire a 22.1 per cent stake in Happiest Minds Technologies for ₹1,329.71 crore. This deal gives ITC a 73.4 per cent stake in the merged firm. Chairman Sanjiv Puri said the move marked an "important milestone." The company targets USD 1 billion revenue by 2028 with 19,000 employees.
Mahindra Aerostructures secured an Airbus contract to build A320 aircraft parts on September 1, 2026. Meanwhile, India’s auto market saw two-wheeler sales jump 18-20% in August due to festive demand. Also, the Supreme Court refused to hear a plea about ethanol labels at fuel pumps, asking petitioners to approach high courts.