DATE26 Aug
NIFTY 24,208 0.52%BANK NIFTY 57,784 0.47%NIFTY IT 30,319 1.47%NIFTY PHARMA 26,626 0.23%SBFC 101 9.02%JINDALSAW 302 7.35%IDBI 95 7.29%CYIENT 1,048 7.01%CGCL 256 6.96%HINDZINC 626 5.72%SAIL 195 5.59%ANTHEM 923 5.53%DATAPATTNS 4,779 5.22%OLAELEC 38 4.97%NIFTY 24,208 0.52%BANK NIFTY 57,784 0.47%NIFTY IT 30,319 1.47%NIFTY PHARMA 26,626 0.23%SBFC 101 9.02%JINDALSAW 302 7.35%IDBI 95 7.29%CYIENT 1,048 7.01%CGCL 256 6.96%HINDZINC 626 5.72%SAIL 195 5.59%ANTHEM 923 5.53%DATAPATTNS 4,779 5.22%OLAELEC 38 4.97%
Morning brief · Thursday, 27 August 2026

Can a new PI Industries emerge from the ashes of the old

Market pulse
Indian markets charted a divergent course, as a sharp downturn in the IT sector pulled the Nifty down over half a percent to close at 24,208. Bucking the trend, the banking index posted modest gains while select stocks like SBFC, Jindal Saw, and IDBI Bank surged over seven percent each.
From the investor's mind
One post worth your time, explained
Aditya Kondawar
@aditya_kondawar · on X
Dixon Technologies has partnered with BITS Pilani to launch a center of excellence, which will offer an M.Tech program starting in August. This program will specifically focus on areas like display, optics, and artificial intelligence, as noted by Aditya Kondawar. The collaboration highlights a direct link between manufacturing industry leaders and academic institutions to cultivate specialized talent.
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Word in the street
What the wider market is buzzing about
PI Industries Limited
2,508Past year 33%M.cap ₹38,079 Cr
The story on the street for PI Industries, a stock down over 33 percent in the past year, has become a tale of two companies. Investors see the old PI, where one molecule, pyroxasulfone, faced patent expiries and partner sales downgrades. But the focus is shifting to the PI being rebuilt. This new version is defined by diversification into pharma, electronic chemicals, and biologicals, including the 2024 acquisition of Plant Health Care. A key development is Pioxaniliprole, India's first indigenously discovered insecticide, which helps pivot the narrative from a single product's troubles to a future of broader, homegrown innovation.
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Yesterday's big moves
Rubicon Research Limited
Rubicon Research LimitedNew PositionBlock Deal
1,709Past year 172%M.cap ₹30,043 Cr
HDFC Mutual Fund
HDFC Mutual Fund bought 4,878,009 shares of Rubicon Research Limited in a block deal for ₹809.75 crore at ₹1660.00 per share. Block deals in Rubicon Research Limited were noted to be significant on Wednesday, August 26, 2026.
Lenskart Solutions Limited
Lenskart Solutions LimitedNew PositionBlock Deal
647Past year 61%M.cap ₹1,12,559 Cr
Motilal Oswal Mutual Fund
Motilal Oswal Mutual Fund bought 4,771,000 shares of Lenskart Solutions Limited for ₹306.18 Cr at ₹641.75 apiece in a block deal.
Physicswallah Limited
Physicswallah LimitedNew PositionBlock Deal
126Past year 19%M.cap ₹36,580 Cr
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund bought 22,000,003 shares of Physicswallah Limited for ₹258.98 Cr at ₹117.72 apiece in a block deal.
Welspun Corp Limited
Welspun Corp LimitedIncreasedBlock Deal
2,307Past year 165%M.cap ₹60,846 Cr
American Funds (Capital Group)
American Funds (Capital Group) bought 841,675 shares of Welspun Corp for ₹191.51 crore at ₹2275.30 apiece in a block deal. Shares of Welspun Corp were trading around ₹2,296.30 apiece on the NSE in the early session on August 26, 2026.
Zee Entertainment Enterprises Limited
Zee Entertainment Enterprises LimitedNew PositionSAST
104Past year 10%M.cap ₹10,028 Cr
Sunbright Mauritius Investments Limited
Sunbright Mauritius Investments Limited acquired 20,94,47,805 shares of Zee Entertainment Enterprises Limited via a preferential allotment, increasing its stake from 0% to 17.90%.
The stock market is always right. Never time the markets.
Rakesh Jhunjhunwala
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