At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 81.04 points or 0.14% to 58,847.63. The Nifty 50 index added 28.95 points or 0.17% to 17,571.75.
In the broader market, the S&P BSE Mid-Cap index rose 0.38% while the S&P BSE Small-Cap index advanced 0.33%.
The market breadth was strong. On the BSE, 1,850 shares rose and 855 shares fell. A total of 124 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,290.31 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 951.13 crore in the Indian equity market on 1 September, provisional data showed.
Stocks in Spotlight:
Birla Corporation rose 0.70%. The company has permanently closed the manufacturing establishment at its unit namely, Auto Trim Division, Gurgaon situated at Village- Nawada, Fatehpur, Gurgaon with effect from 1 September 2022.
Eicher Motors rose 0.98%. Eicher Motors' total motorcycles (Royal Enfield) sales soared 53% to 70,112 units in August 2022 as against 45,860 units sold in the same period last year.
Aurobindo Pharma advanced 1.89%. The board of directors of 100% subsidiary company, CuraTeO Biologics Pvt. Ltd. (CuraTeQ) decided to expand its operations by establishing another mammalian cell culture manufacturing facility of higher capacity to cater to the future requirements. The board also decided to enter into contract manufacturing operations (CMO) for biologicals for effective utilization of capacities and augmenting the business prospects in this area.
Global markets:
Asian stocks were trading mixed on Friday as investors look ahead to the U.S. jobs report for August, a key indicator before the Federal Reserve's next interest rate decision later this month.
The Dow Jones Industrial Average and the S&P 500 ended the first day of September on a high note as traders looked forward to the jobs report Friday.
US manufacturing grew steadily in August but factory activity in China, the euro zone and Britain fell as Russia's war in Ukraine and China's zero COVID-19 curbs continued to hurt businesses, surveys showed on Thursday. The Institute for Supply Management (ISM) said on Thursday that its index of US factory activity was unchanged at 52.8 last month, although that is still the lowest reading since June 2020.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app