Market Bizzz

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.”

Hero MotoCorp share price: The automaker reported an 8% YoY rise in August sales to 5.54 lakh units. Motorcycles and scooters both saw growth, while exports surged 72%. The company also highlighted steady electric sales and festive season optimism.

PG Electroplast shares: The company said its step-down subsidiary, Next Generation Manufacturers, has entered into an MoU with the Maharashtra government to invest ₹1,000 crore in a large greenfield consumer electronics manufacturing project at Kamargaon, Ahilyanagar.

Nazara Technologies shares: Nazara Technologies announced that it served a termination notice to I3 Interactive on August 31, 2025. Under the agreement terms, the deal will be considered terminated 30 days from the notice date, unless the issues are resolved earlier.

GIFT City is rapidly becoming a pivotal hub for Indian and global investors, providing a streamlined and tax-efficient framework for capital flow. Projections indicate that commitments at GIFT IFSC could surpass USD 100 billion by 2030, democratizing access to diverse investment products. This growth is fueled by increasing NRI and global investor interest in India’s expanding economy.

LEAP India plans to launch an IPO to raise Rs 2,400 crore. The IPO includes a fresh issue and an offer for sale. The company will use the funds to repay debt and for working capital. Vertical Holdings and KIA EBT Scheme are selling shareholders. The IPO also includes an employee reservation portion.

BSE Index Services has introduced the BSE Capital Markets Index to benchmark companies in India’s capital markets sector, aiding investors, fund managers, and institutions with transparency, sector tracking, and passive product creation.

Ajay Bagga expects Indian markets may have bottomed out, citing minimal Q1 downgrades and signs of recovery. He sees the upcoming GST Council meeting and potential consumption tax cuts as critical catalysts for growth.

Gold and silver futures surged to lifetime highs on MCX, with gold jumping over Rs 1,600 per 10 grams and silver rallying Rs 1,900 per kg. The rally mirrored global market strength, fueled by a weaker rupee against the US dollar. Experts recommend a buy strategy, anticipating continued upside due to trade tariff concerns and the depreciating rupee.