_Markets open today —
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📊 *ECONOMY & POLICY*
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🏦 *Cabinet clears ₹20,804-cr rail multitracking push*
CCEA approved 8 multitracking projects across 9 states, adding ~1,196 km to the rail network by 2029-30.
Improves freight capacity by 74 MTPA on congested corridors carrying coal, cement and steel — a direct read on industrial-logistics capex.
📎 _Read: Business Standard_
⚡ *DAC clears ₹1.1 lakh cr defence procurement, 98% local*
The Defence Acquisition Council approved capital acquisitions worth ~₹1.1 lakh crore for the Army, Navy and Air Force.
Jefferies and Macquarie flagged HAL (up to 39% upside), Bharat Electronics, Astra Microwave, Data Patterns and Solar Industries as key beneficiaries.
📎 _Read: Financial Express_
https://web.matrixnews.in/news/Nf587e1b9c3db50578e4f7f2432e4656f
💡 *China’s August inflation ticks up on weak demand*
Chinese stocks inched higher after August data showed rising commodity-driven inflation but persistently soft domestic demand.
An uneven recovery signal worth watching for its read-through on global commodity and demand cycles relevant to Indian exporters.
📎 _Read: Economic Times_
https://economictimes.indiatimes.com/markets/us-stocks
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🏢 *COMPANIES*
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🏦 *Coforge chairman OP Bhatt resigns post-audit*
An internal audit flagged disclosure gaps in handling of a board-evaluation report, prompting Bhatt’s exit; interim chair is Vivek Sharma.
Stock fell as much as 8-9% on the news — a governance-linked de-rating investors should track closely.
📎 _Read: Business Standard_
📉 *Cognizant PERM freeze wipes ₹55,000 cr off Indian IT* _(substituted — thehindubusinessline.com blocks direct access; verified via The Week/Business Today)_
US Labor Dept suspended Cognizant’s green-card (PERM) filings for 180 days amid an H-1B/visa-fraud probe.
Nifty IT fell ~3% in a single session as the sector-wide read-through on US immigration scrutiny outweighed company-specific news.
📎 _Read: The Week_
💻 *Apple unveils its first foldable, the iPhone Duo* _(substituted — thehindubusinessline.com blocks direct access; verified via Apple Newsroom/TechCrunch)_
Apple’s new CEO John Ternus introduced the $1,999 iPhone Duo — a dual-screen foldable with a 7.6-inch inner display, on sale Oct 23.
It’s the biggest iPhone redesign since 2007 and pits Apple against Samsung/Xiaomi in foldables — watch component-supplier and India-assembly implications.
📎 _Read: Apple Newsroom_
https://www.apple.com/newsroom/2026/09/apple-unveils-iphone-duo
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
_Compiled by InvestoScope · 10 Sep 2026_
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬