archived as published
Wednesday, 9 September · prices through NSE close
The Defence Acquisition Council accorded Acceptance of Necessity to acquisition proposals worth approximately Rs 1.1 lakh crore covering the Army, Navy, and Air Force on September 7. Motilal Oswal Financial Services Ltd stated it remained positive on the defence sector following the approvals.
The Reserve Bank of India conducted a 30-day variable-rate reverse repo auction for ₹7 lakh crore on September 7, 2026. The auction was conducted under the Liquidity Adjustment Facility.
Aditya Birla Group has launched UltraVolt, a wires and cables business housed under UltraTech Cement, with an initial investment of ₹1,800 crore. Shares of competitors Polycab and KEI Industries declined up to 9% following the announcement.
The Reserve Bank of India conducted two variable rate reverse repo auctions on Monday to absorb rising surplus liquidity from the banking system, which remained at record high levels. Banks showed more interest in the one-day tenor than the 30-day tenor, with the RBI absorbing Rs 6.13 lakh crore through the auctions.
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