After opening the day higher, the benchmark indices continued their upward momentum and ended the session in green.

Indian equity market indices Sensex and Nifty ended with steady gains on Tuesday, led by strong gains in IT stocks, mainly Infosys, after the IT major said it would consider a share buyback in a board meeting scheduled for September 11.

At the closing bell, the BSE Sensex closed higher by 314 points (up 0.4%).

Meanwhile, the NSE Nifty closed 95 points higher (up 0.4%).

Infosys, Tech Mahindra, and Adani Ports are among the top gainers today.

Trent, Eternal, and UltraTech Cement, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,952, higher by 51 points at the time of writing.

The BSE MidCap index ended 0.2% higher, and the BSE SmallCap index ended 0.3% higher.

Sectoral indices are trading mixed today, with stocks in the media sector and the IT sector witnessing buying. Meanwhile, stocks in realty sector and the oil & gas sector witnessed selling pressure.

The rupee is trading at Rs 88.1 against the US$.

Gold prices for the latest contract on MCX are trading 0.6% higher at Rs 109,263 per 10 grams.

Meanwhile, silver prices were trading 0.3% higher at Rs 125,995 per 1 kg.
 

Morepen Laboratories Enters Medical Devices Jointly

In the news from pharma sector, shares of Morepen Laboratories came in focus after the company subsidiary, Morepen Medipath has partnered with UAE-based Bimedical FZE to form a joint venture company focused on the medical devices sector.

The joint venture will be incorporated in India. The agreement stipulates a 50:50 shareholding structure with equal contributions from both partners. In the proposed joint venture, Morepen Medipath will indirectly own 30% of the business.

The business will increase Morepen's footprint in the healthcare industry by producing, marketing, and selling medical devices and associated goods.

The joint venture seeks to enhance Morepen's strategic focus on healthcare solutions while capitalising on the expanding demand in the medical devices market.
 

Supreme Power Equipment Secures New Contract

Moving on to the news from electrical equipment sector, shares if Supreme Power Equipment came in focus after the company secured a Rs 0.01 billion (bn) order from Karnataka to supply 20 MVA power transformers.

Earlier, the company has secured a new order worth Rs 0.01 bn from a Karnataka-based power provider to supply four power transformers.

It is anticipated that this order will be finished in six months. The company anticipates that this transaction will strengthen its position in the power equipment industry and support its expansion.

Supreme Power Equipment Ltd is expanding its operations by building a new 6-acre plant, set to be completed by December 2025 and start production in January 2026.

The Rs 0.07 to 0.08 bn investment is expected to boost revenue potential to Rs 5 to 5.5 bn at full capacity, increasing production capacity from 2,500 to 9,000 MVA/year.

Supreme Power Equipment Limited (SPEL), founded in 1994, manufactures oil-filled power and distribution transformers with capacities up to 50 MVA and 110/33 KV class, catering to electrical utilities, contractors, and end-users with high-quality products.
 

Ujjivan Bank QIP Route Fundraising

Moving on to the news from banking sector, to continue its current growth trajectory, Ujjivan Small Finance Bank intends to raise an additional Rs 20 bn in the next 18 to 24 months.

Ujjivan Small Finance Bank confirmed that it shared a presentation with stock exchanges on 8 September 2025, which outlined the bank's outlook for the next five years, until FY29-30.

Ujjivan SFB has established several long-term growth priorities for FY30. The bank wants to increase its gross loan book to about Rs 1000 bn triple its liabilities and reach a CASA ratio of about 35%.

Additionally, it intends to keep operating costs below 5% of average assets, maintain a cost-to-income ratio of roughly 55%, and open 500 new branches.

Ujjivan Small Finance Bank projects FY26 growth with 20% asset growth, 27% CASA deposit ratio, 1.2-1.4% ROA, 10-12% ROE, and a cost-to-income ratio of around 67%.

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