MF Update: SEBI Proposes Net Settlement for Mutual Fund Cash-Market Trades
On 4 September, SEBI issued a consultation paper allowing mutual fund schemes to net cash obligations on outright cash-market transactions while keeping securities settlement on a gross, delivery basis. The change is intended to reduce temporary liquidity needs and improve operational efficiency.
- Economy Update: India GDP Grows 7.8% in Q1 FY27, Beating Estimates
The National Statistical Office reported real GDP growth of 7.8% for April-June 2026, above the RBI’s 7% projection and most private forecasts. Growth was supported by manufacturing (9.2%) and services, demonstrating domestic resilience amid external pressures.
- Industry Update: India’s Passenger Vehicle Sales Jump 35% in August
Passenger vehicle sales rose approximately 35% year-on-year to about 4.5 lakh units in August 2026, driven by strong performance from Maruti Suzuki, Tata Motors Passenger Vehicles and Mahindra & Mahindra. The growth reflects continued benefits from earlier GST rate cuts and sets a positive tone ahead of the festive season.
- Corporate Trends: SEBI Clears NSE IPO; Observation Letter Issued on 4 September
The Securities and Exchange Board of India issued its observation letter on the National Stock Exchange’s draft red herring prospectus on 4 September 2026, clearing the final regulatory hurdle for the exchange’s public listing after nearly a decade of delays. The clearance follows settlement of past co-location and dark-fibre matters.
Market Indicators Table
| Particulars | Price as on 4th Sep’ 2026 | Price as on 28th Aug’ 2026 | Change % |
|---|---|---|---|
| S&P BSE Sensex | 76,515.43 | 77,264.51 | -0.97% ⬇️ |
| Nifty 50 | 23,897.70 | 24,175.65 | -1.15% ⬇️ |
| Nasdaq | 26,506.99 | 26,402.42 | 0.40% ⬆️ |
| Gold 999 (10 Gms) | ₹ 1,54,884 | ₹ 1,59,578 | -2.94% ⬇️ |
| Silver 999 (1 Kg) | ₹ 2,35,456 | ₹ 2,43,892 | -3.46% ⬇️ |
| WTI USD Crude Oil | 89.31 | 82.78 | 7.89% ⬆️ |
| USD/INR | ₹ 94.4950 | ₹ 95.3862 | 0.93% ⬆️ |