Stocks To Buy or Sell Today, September 4, 2026: Power Grid, HDFC Bank and UltraTech Cement Among Shares That May Remain in Focus on Friday

Indian stock markets are set for another closely watched session on Friday, September 4, 2026, after benchmark indices ended lower on Thursday amid concerns over crude oil prices and global geopolitical risks. Investors are likely to track company-specific announcements alongside broader market cues, with Power Grid, HDFC Bank, UltraTech Cement, Bharat Forge and RBL Bank among the stocks in focus.

The Nifty 50 closed 0.17% lower at 23,873.45 on Thursday, while the Sensex declined 417.49 points, or 0.55%, to 76,152.86. Banking stocks, however, outperformed the broader market, while rising crude prices remained a key concern for investors.

Power Grid (NSE: POWERGRID)

Power Grid is likely to remain in focus after the state-owned power transmission company won a bid for an inter-state transmission project in Gujarat.

The project carries an estimated annual transmission charge of around INR 1,152 crore. The development could strengthen Power Grid's transmission project portfolio and provide an additional revenue opportunity. Stock Market Today: Sensex, Nifty Drops Amid Oil Concerns; Rupee Rebounds.

HDFC Bank (NSE: HDFCBANK)

HDFC Bank will remain on investors' radar following its participation in the Reserve Bank of India's special FCNR(B) deposit mobilisation facility.

The lender is estimated to have raised around USD 11.5 billion-USD 12 billion through FCNR(B) deposits under the facility. The broader scheme attracted substantial foreign currency inflows, which could support liquidity and credit growth for Indian banks. Infosys Stock Update: Shares Slip 1% Amid Sector Weakness.

HDFC Bank also remains particularly important for the broader market because of its heavy weighting in the Nifty. Its shares gained 0.44% on Thursday even as the Sensex declined.

UltraTech Cement (NSE: ULTRACEMCO)

UltraTech Cement has entered the wires and cables business with the launch of Ultravolt, marking a fresh diversification beyond its core cement operations.

The Aditya Birla Group company plans to invest around INR 1,800 crore, or about USD 190.5 million, in the new business. The move represents another expansion initiative as UltraTech looks to build a presence in the electrical products market.

The stock declined 1.38% on Thursday, closing at INR 11,223.45.

Bharat Forge (NSE: BHARATFORG)

Bharat Forge is in focus after its subsidiary signed an agreement with French defence company FN Herstal for cooperation on manufacturing small arms and anti-drone systems in India.

The development adds to Bharat Forge's growing defence manufacturing activities and could strengthen its presence in the country's domestic defence production ecosystem.

The company has been increasingly expanding its defence portfolio, making new partnerships and manufacturing agreements important triggers for investors tracking the stock.

RBL Bank (NSE: RBLBANK)

RBL Bank is likely to attract attention after the lender received a show-cause notice linked to a GST demand of around INR 164 crore.

The tax authorities have sought a response from the bank, making the development a key stock-specific trigger for Friday's session.

At the same time, RBL Bank has benefited from strong foreign-currency deposit mobilisation. The stock gained 4.20% on Thursday after the lender mobilised around USD 3.4 billion through FCNR(B) deposits.

Market Outlook

Investors will enter Friday's session with a cautious approach after the recent weakness in benchmark indices. Rising crude prices and geopolitical uncertainty remain potential headwinds, while banking flows and company-specific developments could drive stock-level moves. Traders should therefore watch these five stocks for news-driven volatility rather than assume that being in focus necessarily translates into gains.

(Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.)

(The above story first appeared on LatestLY on Sep 04, 2026 07:45 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).