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- Indian Stock Market News September 3, 2025
Why MobiKwik Share Price is Rising | Ashok Leyland Signs Major Battery Deal | Top Buzzing Stocks Today Wed, 3 Sep Pre-Open
Image source: Thitima Uthaiburom/www.istockphoto.comThe benchmark indices continued their downward momentum, ended the session in red.
Indian equity markets indices Senex and Nifty surrendered early gains to end lower today, dragged down by losses in banking and pharmaceutical stocks ahead of the two-day GST Council meeting starting tomorrow.
At the closing bell on Tuesday, the BSE Sensex closed lower by 206 points (down 0.3%).
Meanwhile, the NSE Nifty closed 45 points lower (down 0.2%).
Power Grid Corp, NTPC, Tata Steel among the top gainers today.
M&M, ICICI Bank, Asian Paints on the hand, were among the top losers today.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
The BSE MidCap index ended 0.2% higher and BSE SmallCap index ended 0.6% higher.
Sectoral indices were trading mixed on Tuesday with stocks in metal sector and power sector witnessed buying. Meanwhile, stocks in baking sector and telecommunication sector witnessed selling pressure.
Speaking of the stock market, research analyst Tanushree Banerjee in her latest video, highlights the growing global appeal of Indian culture, media, and food, which mirrors South Korea's rise post-economic crisis. She highlights the rapid growth in India's digital entertainment, gaming, and cultural exports, signalling potential economic growth and investment opportunities.
She advises investors to focus on sectors like tourism, hospitality, and food, citing companies such as Indian Hotels and ADF Foods as beneficiaries. It also stresses the importance of selecting financially strong companies with a solid track record and considering factors like government policies and intellectual property.
Let's dig deeper into this.
Top buzzing stocks today
Sharika Enterprise shares price will be in focus today.
Shares of Sharika Enterprise surged 19.9% on Tuesday after the company announced that JSW Steel had given it a major order for the provision of cables and accessories.
In accordance with the agreement, the company will provide JSW Steel in Dolvi with 220 KV HT and 33 KV cables as well as accessories.
CEAT shares will also be a top buzzing stock.
Tyre maker CEAT has announced Rs 15. bn investment in Sri Lanka after completing the acquisition of Michelin Group's Camso business, including two plants in Sri Lanka.
The goal of the investment is to increase the Midigama and Kotugoda facilities' capacity to manufacture off-highway tires (OHT) and tracks. Export-oriented production will be the focus of these facilities.
Why MobiKwik Share price is Rising
Shares of One MobiKwik Systems came in focus after Abu Dhabi Investment Authority (ADIA) fully exited its stake in the company through block deals on 1 September 2025.
According to block deal data, Abu Dhabi Investment Authority sold 16.44 lakh equity shares of MobiKwik at an average price of Rs 238.45 per share.
As a result, the block deal's total transaction value was Rs 0.4 bn.
2.1% of the company's total equity was sold by the Abu Dhabi Investment Authority. According to the shareholding pattern for the June quarter, ADIA owned 2.1% of Mobikwik.
Mobikwik's major shareholders include Peak XV Partners with 9.92%, Cisco Systems with 1.54%, and American Express Travel Related Services Company Inc. with 1.34%, besides ADIA which has recently exited its stake.
Refex Industries Secures Order from AP Power
Shares of Refex Industries came in focus after the company secured an order with Rs 0.25 bn from the Andhra Pradesh Power Development Company.
Refex Industries announced it has received an order for transporting pond ash from Andhra Pradesh Power Development Company Limited.
The company will oversee transporting Pond Ash in accordance with the terms of the order.
In a statement, the company disclosed that the order must be completed within three months.
A Maharashtra-based company placed an order with the company last month for the transportation of soda ash, totalling Rs 0.47 bn.
Refex Industries, founded in 2002, manufactures eco-friendly refrigerant gases like HFCs for air conditioning and refrigeration.
Ashok Leyland Signs Major Battery Deal
Shares of Ashok Leyland came in focus after the company announced to invest in the development and manufacturing of batteries, for both automotive and non-automotive applications, including energy storage systems.
The business and CALB (HK) Co. Ltd., a battery technology company, have partnered for a long time.
Over the next seven to ten years, the Indian automaker plans to invest more than Rs 50 bn in the creation and production of next-generation batteries.
In addition to providing for Ashok Leyland's and subsidiary Switch's own line of electric vehicles, the move will meet non-captive demand in the energy storage and automotive industries.
Ashok Leyland's chairman said the company is committed to sustainable mobility in India and its partnership with CALB will boost electric vehicle adoption and reduce fossil fuel dependence by creating a localized battery supply chain.
The company plans to create a Global Centre of Excellence for research and development, driving innovation in battery materials, recycling, battery management systems, and advanced manufacturing processes.
To know what's moving the Indian stock markets today, check out the most recent share market updates here
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