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No fresh trading picks feature in today's Trader's Breakfast, so this edition runs through the broader stock market setup instead. Nifty continues to look weak overall but has respected its key 23800 support level, while Bank Nifty stays range-bound between 57000 and 58000. PowerGrid and HUDCO headline today's positive stocks in the news list on the back of big order wins, while FACT and Page Industries face fresh legal and tax-related developments. A wide set of dividends plus a buyback round out today's corporate actions ahead of the 04 September ex-date.
Here's the full market breakdown from Trader's Breakfast, Swastika Investmart's daily pre-market session, covering share market news, live updates and technical analysis before the opening bell.
Recommendation
As per today's Trader's Breakfast commentary from Santosh Meena, Head of Research, Swastika Investmart, the market is not favourable for taking fresh trades today. Rather than force a setup, the recommendation is to simply watch the market today and avoid trading, so as to protect and preserve capital. No individual stock picks are being flagged in today's session as a result.
Market Setup Today (03 September 2026)
Here's today's market outlook at a glance, covering global cues, FII DII data, India VIX, and the Nifty and Bank Nifty technical picture.
Global Markets
- US markets ended higher (Dow Jones +295 points).
- Dow Futures trading higher, up around 64 points.
- Asian markets are trading on a positive note.
- GIFT Nifty at +115 points.
FII/DII Data (Cash Market)
- FII posted a net inflow of Rs 6688 crore.
- DII posted a net inflow of Rs 2812 crore.
- Net cash market inflow stood at Rs 9500 crore.
F&O Data Snapshot
- Nifty PCR at 0.87, versus 0.89 previously.
- India VIX at 11.59, up 3.60%.
- Highest OI for 08-Sept-26 at 24200 CE and 23000 PE.
- Max Pain for 08-Sept-26 at 24000.
Interpretation. FII data is mixed in F&O today.
Nifty (Spot)
- Continues to remain weak, but has respected the key 23800 support level.
- 24000 and 24120 are the immediate resistance levels.
- 23800 to 23600 is the key support zone.
Bank Nifty (Spot)
- Remains range-bound within the 57000 to 58000 range.
- 57500 and 57700 are the immediate resistance levels.
- Below 57000, 56600 will be the next key support level.
Watch Today's Complete Market Outlook
Catch the full market breakdown from today's Trader's Breakfast with Santosh Meena, Head of Research, Swastika Investmart. No individual stock picks were flagged in today's session, so the focus stays on the index outlook and the day's corporate developments.
Stocks in News Today
Here are today's key stocks in the news, covering fresh order wins and a couple of legal or regulatory developments.
- PowerGrid: Won a big Rajasthan power transmission project worth Rs 3,244 crore annually.
- HUDCO: Signed an MoU with the Bihar government to provide up to Rs 25,000 crore in funding over 5 years for industrial infrastructure.
- FACT: The government has sought Rs 389.5 crore in penal interest for FY19 to FY26, plus Rs 48.7 crore for FY27, and the company is seeking a waiver.
- Page Industries: Received a Dubai court notice over a UAE distribution dispute involving a claim of around Rs 294 crore plus interest.
Corporate Actions Today (Ex Date 04 September 2026)
A quick look at today's corporate actions, covering ex-dividend stocks and a buyback ahead of the 04 September ex-date.
Dividend
- AIA Engineering Ltd: Dividend of Rs 16.00.
- Coal India Ltd: Final Dividend of Rs 5.25.
- Emcure Pharmaceuticals Ltd: Final Dividend of Rs 3.60.
- Finolex Cables Ltd: Final Dividend of Rs 9.00.
- Gulf Oil Lubricants India Ltd: Final Dividend of Rs 30.00.
- Metro Brands Ltd: Final Dividend of Rs 3.00.
- Oil India Ltd: Final Dividend of Rs 1.00.
- Oil and Natural Gas Corporation Ltd: Final Dividend of Rs 1.00.
Over to You
With no fresh stock picks on the table today, the focus stays on the index setup and the day's corporate developments. Nifty continues to look weak but is holding its key 23800 support, while Bank Nifty remains consolidated between 57000 and 58000. On the news front, PowerGrid and HUDCO's big order wins stand out as the more positive stories of the day, while FACT and Page Industries navigate fresh legal and regulatory challenges.
As always, track price action around key support and resistance levels, follow the broader market outlook, and apply disciplined risk management before taking any trading or investment decision. For more stock market news today, share market news live, and daily stocks to watch, keep following Swastika Investmart's Trader's Breakfast.
