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The rupee weakened slightly to 88.21 against the dollar due to a strong US currency and declining domestic equities. Concerns over the H-1B visa fee hike impacting the IT sector and India s service exports are weighing on investor sentiment. Despite this, India s forex reserves rose, and trade talks with the US are scheduled for September 22.

Indian government bonds experienced a decline, mirroring the movement of U.S. Treasuries, as traders keenly await the central and state governments borrowing plans for the fiscal year s second half. The anticipation of the government s borrowing calendar release later this month is a key factor influencing market sentiment. Simultaneously, traders are closely monitoring the states quarterly borrowing calendar.

GRSE share price: Garden Reach Shipbuilders & Engineers (GRSE) signed five MoUs with key players in shipbuilding, ports, and infrastructure, targeting green vessels, ship repair, port development, multimodal logistics, and ropeway connectivity. These collaborations aim to boost India’s shipbuilding capacity under the Maritime Amrit Kaal vision.

Quantum AMC’s Christy Mathai expects stronger earnings momentum for large-cap stocks, driven by GST cuts, tax reliefs, and improving liquidity. She favours financials, IT, and auto sectors, highlighting disciplined investing in well-governed companies trading below intrinsic value for long-term compounding.

Indian IT stocks like Tata Consultancy Services and Infosys faced a dip. This happened after the US increased H-1B visa fees. The move sparked concerns about the impact on the IT sector s profitability. Analysts suggest caution and portfolio adjustments. They also advise waiting for company commentary before investing. The sector had recently shown signs of recovery.

Netweb Tech share price: Netweb Technologies secured a Rs 450 crore order for Tyrone AI GPU-accelerated systems, boosting India’s AI infrastructure under the IndiaAI Mission. The company reported 102% revenue growth, 127% EBITDA rise, and a net cash position of Rs 47.5 crore, highlighting strong AI-led expansion.

Indian IT companies face a challenge with the new US H-1B visa fee. This fee could impact their profit margins. Companies are planning to adapt by hiring more local workers in the US. They may also shift work to other countries like Canada and India. Analysts remain cautiously optimistic about the sector s ability to adjust.

HUDCO shares: HUDCO has signed an MoU with NBCC to execute four construction projects in UP, Haryana, Gujarat, and Delhi, including commercial, institutional, office, and residential developments.