DATE8 Oct

NIFTY 22,232 ▼ 1.64%BANK NIFTY 54,515 ▼ 0.98%NIFTY IT 27,737 ▼ 0.08%NIFTY PHARMA 25,823 ▼ 2.32%ADANIGREEN 1,236 ▼ 7.88%TEGA 1,958 ▼ 7.79%JUBLFOOD 428 ▼ 7.16%INOXWIND 62 ▼ 6.96%ENGINERSIN 289 ▼ 6.26%TIINDIA 2,241 ▼ 6.16%ANURAS 1,098 ▼ 5.78%JYOTICNC 1,010 ▼ 5.70%JSWINFRA 334 ▼ 5.69%WOCKPHARMA 2,030 ▼ 5.62%NIFTY 22,232 ▼ 1.64%BANK NIFTY 54,515 ▼ 0.98%NIFTY IT 27,737 ▼ 0.08%NIFTY PHARMA 25,823 ▼ 2.32%ADANIGREEN 1,236 ▼ 7.88%TEGA 1,958 ▼ 7.79%JUBLFOOD 428 ▼ 7.16%INOXWIND 62 ▼ 6.96%ENGINERSIN 289 ▼ 6.26%TIINDIA 2,241 ▼ 6.16%ANURAS 1,098 ▼ 5.78%JYOTICNC 1,010 ▼ 5.70%JSWINFRA 334 ▼ 5.69%WOCKPHARMA 2,030 ▼ 5.62%

Morning brief · Friday, 9 October 2026

PNGS Gargi investors eye mainboard migration amid growth debates

Market pulse

Indian equities plummeted as the Nifty fell 1.64 percent to close at 22,232, weighed down by a weak pharma sector. While the IT index remained flat, Adani Green Energy led the slide with a 7.88 percent drop.

From the investor's mind

One post worth your time, explained

@soicfinance · on X

The battery energy storage systems (BESS) opportunity in India is shaping up as three distinct themes rather than a single monolithic sector, according to Ishmohit Arora of SOIC. In this landscape, the downstream segment is primarily a game of execution and cost of capital, whereas the midstream represents a localization trade. The real moat-building potential lies in the upstream segment, provided that local cell technology actually arrives, with upcoming bids for ten gigawatt-hours of grid storage acting as the key trigger to watch.

Word in the street

What the wider market is buzzing about

PNGS Gargi Fashion Jewellery Limited

M.cap ₹599 Cr

PNGS Gargi Fashion Jewellery Limited, a company with a market cap of about 599 crore, has captured the attention of investors debating its growth trajectory. While some observe that businesses naturally grow in spurts and falls, others are eagerly seeking updates on a potential mainboard migration during the next conference call. There is a strong feeling that management is being conservative after experiencing a slowdown in April and May. If macroeconomic conditions do not worsen, the company could witness a sharp recovery in the third and fourth quarters, potentially pushing the annual top line growth beyond thirty percent.

Yesterday's big moves