Stock Market Today Live, Sept 8: Stock to buy today: Paras Defence & Space Technologies

Sensex, Nifty set for flat-to-negative opening

Stock market today: Nifty faces pressure as crude oil rises

Indian equities may open flat to negative as Brent crude rises to $97 and US-Iran tensions persist, with Nifty support seen at 23,600-23,500.

SBM Bank India Strengthens Delhi-NCR Presence with Gurugram Branch, Expands Digital Wealth Proposition

SBM Bank (India) Ltd. has strengthened its presence in the Delhi-National Capital Region (NCR) with the opening of a new branch in Gurugram, taking its branch network to 23 across India, as the Bank continues to expand its footprint in high-potential markets and deepen its focus on affluent customers, professionals, entrepreneurs and businesses.

SBM Bank (India) Limited is the first foreign bank to receive a universal banking licence from the Reserve Bank of India to establish and operate as a Scheduled Commercial Bank under the Wholly Owned Subsidiary (WOS) model.

The new branch, located at SCO 100, Sector 45, HUDA Market, Gurugram, Haryana – 122003, reinforces SBM Bank India’s commitment to serving the region’s growing base of affluent customers, professionals, entrepreneurs and businesses, while strengthening its broader retail banking and wealth management strategy.

Commenting on the expansion, Mr. Amol Rane, Head – Branch Banking, SBM Bank India, said, “Gurugram is one of India’s most vibrant centres for entrepreneurship, wealth creation and business growth. We are excited to strengthen our presence in a city where customers and businesses are shaping the future. Through SBM Bank India’s personalised service and digitally enabled banking solutions, we aim to deepen customer engagement across the region and support their evolving financial aspirations. With 23 branches across India, we continue to expand thoughtfully in high-potential growth markets.”

US labour market: More jobs add excitement to upcoming FOMC meeting

US payrolls increased by 162,000 in August, driven by seasonal factors, indicating a robust underlying labour market. Job gains broadened across industries, with prior data having been revised upwards and unemployment holding at 4.1%. This stronger report has increased uncertainty ahead of the Fed’s September meeting, strengthening the focus on upcoming inflation data.

US job growth in August came as a massive surprise, as the economy added 162,000 jobs, adjusted for seasonal factors. The unusually low seasonal adjustment this year compared to August 2025 almost entirely explains the large positive surprise. According to initial estimates, seasonality boosted job growth in August 2025 by 178,000, whereas the Bureau of Labor Statistics (BLS) assumed that seasonality had only added 8,000 jobs this year. The result is fairly high job growth, adjusted for seasonal factors. Aside from these statistical technicalities, the underlying trend of the August job reports was quite robust. The drop in payrolls in July was revised to a moderate increase of +21,000, bringing the net two-month revision to +55,000. The proportion of industries adding jobs increased to 55.6%, with cyclical industries, such as construction and manufacturing, adding jobs, while the unemployment rate remained at 4.1%. An alternative measure of labour market slack also points to a low unemployment rate. The solid labour market report has generated considerable excitement in anticipation of the forthcoming FOMC meeting on 16 September. With only 12 days to go, the probabilities implied by Fed Funds futures pricing have shifted to 40% for no change and 60% for a 25-basis-point hike. Prior to the labour market report and following dovish remarks by Fed Governor Waller on 3 September, the implied probabilities were 50-50. As the Fed is much more concerned about inflation than the labour market, we will pay close attention to the August inflation report on 11 September, which will be released before the FOMC meeting that will determine the course of US monetary policy. We expect the inflation trend excluding energy to decline, enabling the Fed to hold rates unchanged once more. However, any positive surprise in next week’s inflation reading would significantly increase the odds of a rate hike and necessitate a revision of our projection of an unchanged policy rate in the US.

ZF Steering Gear’s subsidiary DriveSys starts commercial production at Electrical Division in Ahilyanagar, Maharashtra.

ZF Steering Gear (India) Limited has announced that its wholly-owned subsidiary, DriveSys Systems Private Limited, successfully commenced commercial production at the Electrical Division on September 7, 2026.

The newly operational Electrical Division is situated across two adjacent factory premises located at Plot Nos. C-20/2 and C-20/3/6, Block – C, Ahilyanagar Industrial Area, Nagapur, Taluka – Nagar, District – Ahilyanagar, Maharashtra. The facility specializes in manufacturing electrical protection devices and components, with established monthly installed capacities comprising 12,00,000 units of Moulded Case Circuit Breakers (MCB/MCCB), 40,000 units of Residential Current Circuit Breakers (RCB), and 1,50,000 units of Electrical Coils.

Container Corporation of India awards Rs 89.09 crore order to Jamalpur Workshop for supply of 12 BLSS wagon rakes with Brake Vans.

Container Corporation of India Ltd has awarded order to Chief Workshop Manager, Jamalpur locomotive Workshop, Eastern Railway, Munger (Bihar) – 811214 for supply of 12 rakes of BLSS wagons with Brake Van Type BVCM.

The value of the order (including GST) is Rs.89.09 crores.

Avenue Supermarts opens new store in Jaipur, total store count reaches 509.

Avenue Supermarts Limited has opened a new store at Tonk Road, Jaipur (Rajasthan) today. The total number of stores as on date stands at 509.

Buzzing stocks today: AU Small Finance, Adani Power, Swiggy, REC, Neuland Labs and more

Buzzing stocks today: AU Small Finance, Adani Power, Swiggy, REC, Neuland Labs and more

Today’s market highlights include AU Small Finance’s sustainable finance launch, Adani Power’s GVK Energy win, and udaan’s acquisition of Swiggy’s LYNK.

PSB PLI scheme kept in abeyance amid bank employees’ demand for review

PSB employee PLI scheme kept in abeyance for 2025-26

The government has kept the PSB employee PLI scheme in abeyance for 2025-26 after bank employees sought a review of its existing structure.

REC raises ₹500 crore through India’s first tokenised bond

REC raises Rs 500 crore through first tokenised bond

REC raises Rs 500 crore through India’s first tokenized bond, with HDFC Bank, ICICI Bank and other investors participating in the issue.

DGFT launches Open API to simplify Certificate of Origin process for exporters

DGFT Open API simplifies Certificate of Origin process for exporters

DGFT introduces an Open API enabling exporters to integrate ERP and accounting systems with its CoO platform, reducing manual entry and improving efficiency.

Reliance Industries plans to raise ₹12,500 crore through local-currency bonds

Reliance Industries plans to raise Rs 12,500 crore through local-currency bonds

Reliance Industries plans to raise up to Rs 12,500 crore through five-year local-currency bonds, potentially making it the year’s biggest listed deal.

Wall Street ends lower as solid jobs data fuels hawkish Fed bets

Indexes down: Dow 0.51%, S&P 500 0.38%, Nasdaq 0.29%

Yen extends rally to new seven-month high; dollar subdued ahead of CPI

The Japanese yen climbed to fresh ‌seven-month highs against the U.S. dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a ⁠Bank of Japan interest-rate hike while the dollar was subdued ahead of CPI data this week.

The yen strengthened to as much as 153.53 per dollar in morning trading, ‌surpassing levels reached during Japan’s July intervention and hitting its strongest since February.

That added to the yen’s 1.2% jump during ‌a thin session on Monday amid a U.S. holiday, with the ‌Japanese ⁠currency now having firmed nearly 4% from around 160 yen ⁠per dollar early last week. – Reuters

Oil rises as risks of prolonged Mideast conflict heighten supply worries

Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle ⁠East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption.

Brent crude futures climbed ‌34 cents, or 0.35%, to $97.34 a barrel by 0000 GMT. U.S. West Texas Intermediate crude was ‌at $92.63 a barrel, up $1.15, or 1.26%. – Reuters

Gold rises as dollar eases; US inflation data on radar

Gold prices nudged higher on Tuesday as the U.S. dollar slipped, with focus on upcoming inflation data that could shape ‌expectations for the Federal Reserve’s next policy move. 

Spot gold was up ⁠0.3% at $4,418.79 per ounce, as of 0048 GMT. U.S. gold futures for December delivery were down 0.3% ‌at $4,464.80. – Reuters

WATCH: Today’s Stock Recommendation: September 8, 2026

FIIs, DIIs turn net buyers; domestic institutions invest ₹566 crore, FIIs ₹280 crore on September 7

Instl. Investors EQUITY Cash Trades PROV. – 07/09/2026 : Rs. CRS. : 

FIIS : BUY +280 (9,581-9,301)

DIIS : BUY +566 (13,154-12,587)

Natural gas: Initiate long positions 

Natural gas: Initiate long positions

Natural gas futures show bullish potential; consider long positions with a target of ₹320 after breaching ₹286 resistance.

Trading Guide for September 8, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for September 8, 2026: Intraday supports, resistances for Nifty50 stocks

Get essential intraday support and resistance levels for Nifty50 and major stocks in this September 8, 2026, trading guide.

Stock to buy today: Paras Defence & Space Technologies (₹1,489) – BUY

Stock to buy today: Paras Defence & Space Technologies (₹1,489) – BUY

Buy Paras Defence & Space Technologies stock at ₹1,489; potential rise to ₹1,720 with bullish short-term outlook.