Tata Motors, Ceigall, HZL among buzzing stocks as SENSEX jumps over 500 pts; NIFTY trades above 23,900

The Indian benchmark indices, SENSEX and NIFTY50, were trading in positive territory during the afternoon session on Friday, September 4, bolstered by buying in the capital market and defence stocks and positive global cues.

The SENSEX rallied as much as 0.96% to hit an intraday high of 76,883.14. Meanwhile, the NIFTY50 soared as much as 0.71% to touch the session’s peak of 24,005.75.

At 12:50 PM, the S&P BSE SENSEX surged by 535.67 points, or 0.70%, to trade at 76,688.53. NSE’s NIFTY50 stood at 23,938.65, registering a 65.20-point, or 0.27% increase.

The NIFTY50 index was supported by gains in SBI Life Insurance Company, Reliance Industries (RIL), HDFC Life Insurance Company, Adani Enterprises and Wipro, which were among the top winners.

On the other hand, the top losers included Eicher Motors, HCL Technologies, Maruti Suzuki, Bajaj Finserv and Titan Company.

Buzzing stocks on September 4: Check list

Latest updates showed that global aircraft engine maker GE Aerospace has shipped more than three engines to HAL for its Tejas Mk1A aircraft, which acted as the buying trigger for the heavyweight defence stock along with its supply-linked companies listed on NSE.

Companies like Astra Microwave, Apollo Micro Systems and MTAR Technologies are among other key suppliers to HAL, supplying critical radar and avionic components, along with high-precision components and electrical and electro-mechanical solutions.

Alongside the HAL development, Bharat Forge signing an MoU with a Belgium-based company to carry out local manufacturing in India also added further to the investors’ sentiment on Friday’s market.

A month after rolling out the CAS, the market regulator SEBI is planning to review the derivative settlement methodology at expiry amid concerns over using the CAS-determined closing price as the settlement basis.

SEBI said on Thursday that it may revise the existing methodology and is likely to release a consultation paper on the proposed framework within about a week.

Shares of cables & wires (C&W) companies such as Polycab India, RR Kabel, KEI Industries, and Finolex Cables, among others, were under selling pressure on Friday, September 4. This is because Aditya Birla Group on Wednesday announced the launch of the wires and cables business, Ultravolt, marking the group’s fourth new business foray in three years.

"Backed by an investment of ₹1,800 crore, Ultravolt will be the second-largest player in the wires segment by capacity. Housed under UltraTech Cement Limited, the business aims to build a scaled national brand and become one of the top two players within five years," the company said in its press release.

UltraTech’s entry in the wires and cables market extends its participation in the construction value chain beyond grey cement, ready-mix concrete, building products, and white cement, consistent with its stated Building Solutions strategy. It also enables UltraTech to participate more deeply in the growing opportunity around home building, infrastructure and electrification, the press release added.

The stock of Tata Chemicals declined as much as 2.54% to ₹625 per equity share on the National Stock Exchange (NSE) on Friday, September 4, following news reports that Kenya’s President William Ruto said on Thursday he had ordered Tata Chemicals to stop its operations in Kenya.

Ruto said Tata Chemicals’ presence had failed to benefit the country.

The Kenyan president, as per the reports, said the government would bring in two new companies to take over operations for Tata Chemicals.

Shares of Tata Motors CV Ltd advanced as much as 1.9% to hit an intraday high of ₹469.20 apiece, as its indirect wholly owned subsidiary, TML CV Holdings B.V, received approval from Italy’s market regulator Consob for the offer document related to its voluntary tender offer for all common shares of Iveco Group N.V.

The acceptance period for the offer, at a consideration of €14.10 per Iveco share, including dividend, will run from September 7 to October 26, 2026, unless extended, according to a regulatory filing.

The consideration will be paid to shareholders who tender the shares during the acceptance period on the fourth trading day following the end of the acceptance period, i.e., October 30, 2026, unless it is extended.

Sterlite Technologies stock surged 5% to hit an upper circuit level during the trading session on Friday as investors reacted to the company’s latest ₹3,000 crore capacity addition approval.

“We wish to inform you that the board of directors of Sterlite Technologies Limited, at its meeting held today, i.e., September 3, 2026, has, inter alia, considered and approved the capex/capacity addition in the existing manufacturing facility,” Sterlite Tech informed the stock exchanges.

While the company management acknowledges a structural shift in demand, the key focus of Sterlite Technologies remains on expanding telecom connectivity and scaling AI data centre connectivity needs.

Ceigall India shares climbed as much as 3.5% to touch an early market high of ₹359.85 apiece on September 4, as investors focused on the company’s latest ₹5,300 crore long-term order book update for a power transmission project in Gujarat.

On Thursday evening, the company received a letter of intent from REC Power Development and Consultancy Limited (RECPDCL) for the development of a major common transmission system in Gujarat.

“The LoI has been awarded for the Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5 GW), Jam Khambhaliya (Phase-II: 5.5 GW) and Jamnagar (Phase-I: 1 GW) – Part-B project,” the company informed the stock exchanges.

The stock of Vedanta group firm Hindustan Zinc Ltd (HZL) rose as much as 2.1% to hit an intraday high of ₹600.25 per equity share, as the company said that it has bagged a mining lease for a rare earth element block in Karnataka.

“Government of Karnataka has issued a Letter of Intent (LoI), pursuant to Rule 10(2) of the Mineral Auction Rules 2015, in favour of Hindustan Zinc Ltd, the preferred bidder for grant of a mining lease for the Gundlupet REE and Yttrium Block over an extent of 314.21 Hectares situated in Mallayanapur village, Gundlupet Taluka, Chamrajnagar District, Karnataka," the filing read.

Priority Jewels shares made a decent stock market debut on Friday, September 4. Shares of the jewellery designer and manufacturer listed at ₹230 apiece on the NSE, reflecting a premium of 15% over the initial public offering (IPO) issue price of ₹200 apiece. On the BSE, Priority Jewels stock started trading at ₹225.2, up 12.6% from the issue price.

The company’s initial public offering was subscribed 100.4 times, with bids for over 32 crore shares compared to 32.02 lakh shares on offer, according to NSE data.

The ₹92 crore IPO was a completely fresh issue, with the majority of the net IPO proceeds to be used for repayment of existing debt of the company.

Shares of ESDS Software Solution made a robust debut on the stock exchanges on Friday, September 4. The stock is listed at ₹757 per share on the NSE, reflecting a premium of 76.46% over the IPO issue price of ₹429 per share. On the BSE, it started trading at ₹746.30 apiece, up 73.96% from the issue price.

Post-listing, the scrip gained 20% to ₹908.40, its upper circuit level, on the NSE. It is currently up 111.75% from the issue price.