SENSEX, NIFTY50 hold gains; Bharat Forge, GMDC, Swiggy, Prime Focus among buzzing stocks

The Indian equity benchmarks were holding on to gains in noon deals on Monday, September 8, powered by gains in index heavyweights like Mahindra & Mahindra, HDFC Bank, Tata Motors, Maruti Suzuki, Tata Steel and Reliance Industries. The SENSEX rose as much as 338 points and NIFTY50 index touched an intraday high of 24,845. As of 12:23 pm, the SENSEX was up 291 points at 81,001 and NIFTY50 index advanced 97 points to 24,837.

Though Tata Motors, Hyundai Motor and the rest said the changes will be applicable from September 22, M&M rolled out the price changes with immediate effect from September 6.

The price cut follows the announcement of the revamped GST at the 56th GST Council meeting held on September 3, 2025. The GST Council approved limiting slabs to 5% and 18%, effective from September 22.

The company also expects to double return on capital employed (RoCE) to 40%.

The stock came on investors' radar last month after China lifted restrictions on the export of rare earth magnets to India. Last week alone, shares of GMDC rose 26% and surged 20% in the last two trading sessions.

Meanwhile, the government's renewed focus on rare earth minerals also led to a boost in GMDC shares. The government is in talks with Peru for critical mineral supplies, and for the first time, a separate chapter on rare earths has been included in the ongoing negotiations of a Free Trade Agreement (FTA), CNBC TV18 reported.

Shares of Netweb Technologies came under buying interest after the company on Wednesday, September 3, informed exchanges that it had secured a strategic order worth ₹1,734 crore to power India's sovereign AI infrastructure.

The company said that the order is for national importance as it involves strengthening India’s AI compute capabilities and advancing the country’s ambitions for a Sovereign AI System under the IndiaAI Mission.

NSE block deal data shows, Madhusudan Kela-owned Singularity AMC has brought a 2.01% stake in the company through its various funds at ₹142.55 per share. Meanwhile, Ramesh Damani acquired 8 lakh shares, and Utpal H Sheth bought 17.5 lakh shares. FE Securities and Samyak Enterprises were other key investors to acquire 7.5 lakh and 7.05 lakh equity shares in the company.

Meanwhile, current investors in the Prime Focus, including Marina IV (Singapore), Marina IV, and Augusta Investments I, offloaded their stake at the same price via a block deal.

"ChrysCapital, one of the leading private equity funds investing in India, is leading this investment round, whereby they will invest ₹1,100 crore and InCred PE will invest ₹100 crore in the form of equity shares and compulsory convertible preference shares. The transaction is subject to regulatory approval," the press release added.

The budget airline’s total revenue from operations stood at ₹1,120.2 crore in Q1 FY26 as against ₹1,708.2 crore in Q1 FY25, marking a fall of 34.4% on a year-on-year basis.

The company, which had been facing multiple headwinds, raked in a total income of ₹1,190.56 crore in the reporting quarter in contrast to ₹2,067.21 crore in the same period last year, according to a regulatory filing.

The auto components major on September 4 said that its step-down subsidiary Agneyastra Energetics, has entered into an agreement with Andhra Pradesh Industrial Infrastructure Corporation Ltd, an industrial infrastructure agency of the Government of Andhra Pradesh, for the purpose of land purchase.