WhaleWatch

DATE28 Aug

NIFTY 24,176 ▲ 0.35%BANK NIFTY 57,496 ▼ 0.02%NIFTY IT 31,282 ▲ 3.51%NIFTY PHARMA 26,992 ▲ 0.53%NSLNISP 49 ▲ 8.96%NEWGEN 567 ▲ 8.43%ATHERENERG 1,616 ▲ 8.09%TEJASNET 550 ▲ 7.63%PTCIL 22,110 ▲ 7.22%IFCI 90 ▲ 6.75%TTML 39 ▲ 6.53%COFORGE 2,015 ▲ 5.93%SHYAMMETL 1,100 ▲ 5.51%CGCL 258 ▲ 5.38%NIFTY 24,176 ▲ 0.35%BANK NIFTY 57,496 ▼ 0.02%NIFTY IT 31,282 ▲ 3.51%NIFTY PHARMA 26,992 ▲ 0.53%NSLNISP 49 ▲ 8.96%NEWGEN 567 ▲ 8.43%ATHERENERG 1,616 ▲ 8.09%TEJASNET 550 ▲ 7.63%PTCIL 22,110 ▲ 7.22%IFCI 90 ▲ 6.75%TTML 39 ▲ 6.53%COFORGE 2,015 ▲ 5.93%SHYAMMETL 1,100 ▲ 5.51%CGCL 258 ▲ 5.38%

Morning brief · Tuesday, 1 September 2026

Grounded plane sparks fleet utilization debate at Afcom Holdings

Market pulse

A roaring technology sector propelled the Nifty up by 0.35 percent to close at 24,176 as Nifty IT surged 3.51 percent to 31,282, comfortably offsetting a flat finish for Bank Nifty which slipped 0.02 percent to end at 57,496. Defensive support came from Nifty Pharma, which gained 0.53 percent to close at 26,992, while individual stock momentum was led by NSLNISP, NEWGEN, and ATHERENERG, which surged 8.96 percent, 8.43 percent, and 8.09 percent respectively.

From the investor's mind

One post worth your time, explained

@aditya_kondawar · on X

HDFC Bank Managing Director and Chief Executive Officer Sashidhar Jagdishan has informed the board of his decision to not seek re-appointment. Highlighting the development, investor Aditya Kondawar points out that the timing of this decision is notable as it comes at the fag end of his term renewal. The move is highly significant for the private lender given that Jagdishan's current term at the helm has been accompanied by several challenges.

Know more about the stock

Word in the street

What the wider market is buzzing about

Afcom Holdings Limited

M.cap ₹2,597 Cr

Investors are closely watching Afcom Holdings Limited, a company with a market cap of about 2,597 crore, as discussions peak around its fleet utilization. Observant market participants noted that while the aircraft VT-AFN is running well, the other plane, VT-AFO, has shown no flight history for the last seven days. This has sparked a debate on whether the management is facing low demand or simply executing its stated strategy of keeping one aircraft as a backup. While some worry about idle assets, others defend the move as a sound operational decision to prevent service disruptions if a machine breaks down, securing long-term business prospects.

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