Mumbai Police on Alert After Warning of 34 Human Bombs, 400 Kg RDX During Ganesh Festivities

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Indian Oil just pivoted dramatically - dropping U.S. crude in its latest tender and instead locking in 2 million barrels of Nigerian Agbami and Usan oil and 1 million barrels of Abu Dhabi’s Das grade. The switch comes amid sticky high landed costs on U.S. oil and rising tariffs on Indian goods under Trump administration pressure.

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▪️ Impact News

▪️ Markets

▪️ Everything else you need to know today

▪️ Special

▪️ Mindset

▪️ Stock Screener to up your game

IMPACT NEWS

Mumbai on High Alert Amid Ganesh Visarjan Security Threat

Mumbai has been placed on high alert after security agencies reportedly received a threat linked to potential terror activities during the Ganesh Visarjan processions. According to sources, the warning indicated the possibility of explosives being used in crowded areas, prompting authorities to step up precautionary measures across the city.

The Mumbai Police, along with central intelligence agencies, have moved swiftly to tighten security. Over 50,000 police personnel, including Quick Response Teams, Bomb Detection and Disposal Squads, and anti-terror units, have been deployed at key immersion points, railway stations, and other sensitive zones. Checkpoints have been reinforced with metal detectors, sniffer dogs, and additional surveillance cameras to monitor large gatherings.

Officials have also instructed organizers and community volunteers to remain vigilant and report any suspicious activity. Public announcements are being made across immersion routes to urge citizens to cooperate with security personnel, avoid panic, and prioritize safety during celebrations.

Despite the heightened alert, authorities have reassured citizens that all necessary steps are being taken to ensure peaceful and safe festivities. With Ganesh Visarjan drawing millions of devotees, the focus remains on maintaining order, strengthening vigilance, and safeguarding Mumbai’s spirit of unity during one of its most significant cultural events.

MARKETS

The Indian stock market ended on a flat note today after a volatile session. The Sensex closed at 80,710 (-0.01%) while the Nifty 50 edged up to 24,741 (+0.03%). Optimism around the proposed GST 2.0 reforms and fresh tax cuts on essentials gave indices an early push, while dovish cues from the U.S. Federal Reserve added global support. However, the rally lost steam as investors booked profits in IT and consumer stocks, capping overall gains. Broader indices held firm with the Nifty Bank up 0.07% and the Midcap 100 up 0.20%, showing resilience beyond the frontline stocks.
_{Closing figures as on 05.09.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Vodafone Idea (+9.38%): Spiked on buzz of govt courting a $1B strategic investor; heavy volumes fueled the rally.

✅ BSE Ltd (+4.51%): Rose after SEBI’s move to shift weekly F&O expiries to BSE Thursdays, boosting revenue outlook.

✅ Indus Towers (+4.12%): Climbed as Bharti Airtel bought 6.9M shares, signaling promoter confidence.

✅ RBL Bank (+3.84%): Hit fresh highs on strong technical momentum and positive broker calls.

Top Losers

🔻 Varun Beverages (-4.06%): Dropped on profit-taking in FMCG and chatter of possible levy on “sin goods.”

🔻 Persistent Systems (-3.05%): Fell with IT pack amid US policy noise, weak peer cues, and demand concerns.

🔻 Prestige Estates (-2.81%): Realty sector cooled after a strong run; index-wide correction pulled it down.

🔻 Torrent Power (-2.47%): Slipped on profit booking in utilities despite no major stock-specific news.

INDIA FRONTIER

Everything else you need to know today

📉 Jobs: The August U.S. jobs report is flashing further weakness -with slower hiring and cooling wages hinting at cracks in the labor market. Investors now see a stronger case for the Fed to cut rates soon, as policymakers balance inflation control with growth concerns.

⚡ Power: Power Grid Corp has bagged the Sonbhadra transmission project in Uttar Pradesh, which includes a 765/400 kV substation to channel renewable energy. This move not only strengthens UP’s power backbone but also accelerates India’s push toward cleaner, reliable electricity networks.

🎁 Bonus: IPO-bound OYO is set to propose a 1:1 bonus share issue at its September 26 AGM, doubling shareholder equity. With a $7 - 8 billion IPO filing lined up in November, the hospitality unicorn is clearly gearing up to sweeten the deal for investors ahead of its big market debut.

✨ Festive: Brand advertisers are prepping for a Diwali ad boom, with GST cuts (effective Sept 22) expected to spark an 8 - 10% surge in spends. Digital and influencer-led campaigns are set to dominate, making this festive season a golden moment for consumer brands to capture eyeballs and wallets.

SPECIAL

3 Reasons Behind Today’s Market Downturn

The Indian market reversed its morning optimism - buoyed by hopes around the GST 2.0 reforms - and slid sharply by mid-session, with the Sensex falling 0.32% and the Nifty slipping 0.14%.

What caused this slump?

First, sectoral pressure was front and center. Realty and IT shares dipped nearly 2%, while FMCG stocks were hit by heavy profit-booking after a strong five-day rally pulled the sector down by around 1.55%. Other segments such as pharma, PSU banks, energy, infra, and metals also rolled over, although to a lesser extent.

Second, sentiment soured across broader markets. Both the Nifty Midcap 100 and Smallcap 100 indices slipped (~0.15%), and BSE midcaps dropped around 0.22%, as valuation concerns sparked caution.

Third, a complex mix of global and domestic headwinds weighed on investor confidence. Lingering U.S. tariffs clouded export prospects, and volatile foreign portfolio flows only added more uncertainty as Q2 earnings season nears.

Dr. V.K. Vijayakumar of Geojit offers perspective: while bullish mutual fund inflows (₹70,500 crores in August) can temper declines, their scale also attracts short-selling when valuations remain elevated.

THE HANOOMAAN INSTITUTE

5 Steps Middle-Class People Can Take to Climb the Wealth Ladder

For most middle-class families, the dream of financial freedom feels distant. But wealth isn’t built overnight - it’s the result of disciplined, intentional choices. The journey begins with small, consistent steps that compound into long-term financial security.

Step 1: Master Your Spending.
Wealth starts by living below your means. Track expenses, cut unnecessary costs, and redirect savings toward investments. Every dollar not spent is a dollar that can grow.

Step 2: Build an Emergency Fund.
Before chasing returns, secure your foundation. An emergency fund prevents financial shocks from derailing your progress and gives you the confidence to invest consistently.

Step 3: Eliminate High-Interest Debt.
Debt is a wealth killer. Paying off credit cards and personal loans frees up cash flow and accelerates your climb up the financial ladder.

Step 4: Invest for Growth.
Don’t just save - invest. Equities, mutual funds, or retirement accounts build wealth over time through compounding. Starting early magnifies results.

Step 5: Create Additional Income Streams.
Side hustles, freelancing, or small businesses provide extra fuel for wealth creation. More income means more freedom to save and invest.

Climbing the wealth ladder isn’t about luck - it’s about discipline, patience, and smart financial habits. Start with one step today, and watch momentum carry you upward.

SUPERCHARGE YOUR INVESTING SKILLS

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Thanks for reading.

Until Sunday with our Startup Special!

Hanoomaan India Business team

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