DATE1 Sept
NIFTY 24,056 0.10%BANK NIFTY 57,410 1.06%NIFTY IT 31,497 0.98%NIFTY PHARMA 26,793 1.45%CAPLIPOINT 2,711 7.70%ENGINERSIN 280 6.94%KEI 5,348 6.83%WELCORP 2,554 6.80%POLYCAB 8,896 5.82%VTL 602 5.29%HFCL 237 5.00%PAYTM 1,634 4.87%KALYANKJIL 573 4.66%SHRIRAMFIN 1,059 4.58%NIFTY 24,056 0.10%BANK NIFTY 57,410 1.06%NIFTY IT 31,497 0.98%NIFTY PHARMA 26,793 1.45%CAPLIPOINT 2,711 7.70%ENGINERSIN 280 6.94%KEI 5,348 6.83%WELCORP 2,554 6.80%POLYCAB 8,896 5.82%VTL 602 5.29%HFCL 237 5.00%PAYTM 1,634 4.87%KALYANKJIL 573 4.66%SHRIRAMFIN 1,059 4.58%
Morning brief · Wednesday, 2 September 2026

West Coast Paper Mills emerges as an artificial intelligence play

Market pulse
The Nifty ended flat at 24,056 as gains in IT offset a 1.45 percent drop in pharmaceutical shares. Amid the quiet headline index, Caplin Point Laboratories rallied 7.7 percent while KEI Industries slumped 6.83 percent.
From the investor's mind
One post worth your time, explained
Sajal Kapoor
@unseenvalue · on X
The rapid rise of artificial intelligence is forcing traditional IT service giants to proactively disrupt themselves before external competitors do. Spotting this structural shift, investor Sajal Kapoor highlights how HCLTech chief executive C. Vijayakumar has acknowledged the necessity of being comfortable with transforming and even cannibalising parts of the company's existing business lines. This willingness to sacrifice established revenue streams indicates that AI is not just a tool for creating new business segments, but a highly disruptive force that will actively replace legacy services. For investors, this underscores that survival in the tech services sector now requires a deliberate, self-inflicted evolution rather than merely defending historic market share.
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Word in the street
What the wider market is buzzing about
West Coast Paper Mills Limited
612Past year 20%M.cap ₹4,320 Cr
West Coast Paper Mills Limited, a company with a market capitalization of about 4,320 crore, is capturing investor attention for reasons far beyond paper. Over the past year, the stock has risen 20.46 percent, but the latest market chatter reframes the firm as a compelling artificial intelligence infrastructure play. Investors are highlighting its small fibre optical cable division, which expanded capacity and integrated backward into making fibre a couple of years ago. The artificial intelligence infrastructure boom has triggered exploding demand for optical cables as data usage grows and datacenter GPUs need to talk to each other.
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Yesterday's big moves
EPL Limited
EPL LimitedIncreasedBulk Deal
262Past year 19%M.cap ₹7,686 Cr
Quant Mutual Fund
Quant Mutual Fund bought 1.25 crore shares of EPL Limited for ₹300 crore at ₹240.10 apiece in a bulk deal.
SBFC Finance Limited
SBFC Finance LimitedNew PositionBulk Deal
99Past year 9%M.cap ₹11,082 Cr
HDFC Life Insurance
HDFC Life Insurance bought 73 lakh shares of SBFC Finance for ₹73.73 Cr at ₹101.00 apiece in a bulk deal.
Northern Arc Capital Limited
Northern Arc Capital LimitedNew PositionBlock Deal
312Past year 30%M.cap ₹4,845 Cr
Societe Generale
Societe Generale bought 10,59,166 shares of Northern Arc Capital Limited for ₹29.44 Cr at ₹278.00 apiece in a block deal.
Zee Entertainment Enterprises Limited
Zee Entertainment Enterprises LimitedIncreasedSAST
94Past year 18%M.cap ₹8,968 Cr
Sunbright Mauritius Investments Limited
Sunbright Mauritius Investments Limited acquired 2,40,59,266 warrants of Zee Entertainment Enterprises Limited, raising its diluted stake from 17.90% to 19.56%. The acquisition was executed through a preferential allotment.
Hexaware Technologies Limited
Hexaware Technologies LimitedIncreasedSAST
555Past year 24%M.cap ₹33,731 Cr
HDFC Mutual Fund
HDFC Mutual Fund bought 14,06,254 shares of Hexaware Technologies on the open market. This raised its stake from 4.98% to 5.21%, crossing the 5% disclosure threshold.
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