Reliance Communications' shares will be closely watched after Bank of Baroda declared the company's and Anil Ambani's loan accounts as fraudulent. This classification, made under the bank's authority, relates to loans predating the company's Corporate Insolvency Resolution Process. RCom is undergoing CIRP, with a resolution plan awaiting NCLT approval, while a review of avoidance transactions is underway.
Abril Paper Tech shares debuted on the BSE SME at Rs 48.80. The IPO was subscribed 11.20 times, driven by retail investors. The company plans to use the IPO proceeds for capital expenditure and working capital. Abril Paper Tech manufactures sublimation heat transfer paper. The company's revenue rose 142% to Rs 60.91 crore.
As of September 4, 2025, 14 NSE-listed stocks with a market capitalisation exceeding Rs 1,000 crore closed above their 200-day moving average (DMA), based on technical scan data from StockEdge.com. From these, we have spotlighted the top 8 that recorded gains of over 2%. The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Indian stock indices closed slightly higher on Thursday. Early gains, driven by GST changes, faded as investors booked profits. Consumer goods and auto shares initially rose but later declined. The Nifty and Sensex saw marginal increases. Mahindra & Mahindra was a top gainer. Investors are awaiting stronger demand signals. Foreign investors were net sellers, while domestic investors bought shares.
The Centre has initiated the application process for a whole-time director at SEBI, as Ananth Narayan's term concludes next month. The appointment is for five years or until the age of 65, with an application deadline of October 6. Narayan's tenure included significant orders and policy changes, while the government is yet to fill another whole-time member vacancy.
GST slab rationalization is set to spur consumption and economic growth. Automobile, cement, and consumer goods sectors are likely to benefit. Two-wheeler makers with higher than 350 cc bikes may face negative impact. Retail-focused lenders could see improved credit demand. Renewable energy companies may gain from GST reduction on solar cells.
