Movers, decoded
The biggest moves in Indian and US stocks — and the verified reason behind each one. Decoded in plain English, with the sources we relied on. Not a tip sheet.
Lululemon reported a roughly 4% decline in quarterly revenue with comparable sales down about 10%, and cut its full-year outlook again. The stock closed near $100, its lowest level in years.
- Fair IsaacFICO
FHFA director Bill Pulte directed Fannie Mae and Freddie Mac to let all lenders use VantageScore, effective immediately, ending FICO's exclusive position in mortgage credit scoring. The stock fell sharply on the regulatory change.
- SandiskSNDK
SanDisk jumped as the NAND pricing cycle accelerated and memory names caught a bid on AI infrastructure storage demand. The stock was among the strongest large-cap performers on an otherwise weak tape.
- RR KabelRRKABEL
RR Kabel fell after UltraTech Cement launched Ultravolt, a Rs 1,800 crore wires and cables business that is positioned to become the second-largest player in wires by capacity. Investors repriced competitive intensity across the listed cable makers.
- KLA CorporationKLAC
KLA rose after sell-side estimates for semiconductor equipment spending were revised higher, lifting the semicap group. The move came on expectations for stronger wafer fab equipment budgets.
- AutodeskADSK
Autodesk fell alongside a broad application-software selloff, as investors continued to reprice the group on AI-disruption concerns. No company-specific announcement was reported for the day.
KEI Industries dropped on UltraTech Cement's announcement of Ultravolt, a Rs 1,800 crore wires and cables venture anchored by a plant in Jhagadia, Gujarat. The news triggered a selloff across incumbent cable and wire manufacturers.
Super Micro Computer advanced with strength across the AI server and storage complex on the day. The move tracked the sector rather than a company-specific disclosure.
- Polycab IndiaPOLYCAB
Polycab India declined after UltraTech Cement unveiled its Ultravolt wires and cables business with a Rs 1,800 crore investment and a stated ambition to rank among the top two players within five years. The announcement hit sentiment across the segment.
AdobeADBE
Adobe named Anil Chakravarthy chief executive, succeeding long-serving CEO Shantanu Narayen, alongside other leadership changes. The surprise succession, landing just ahead of earnings, weighed on the shares.
Tata SteelTATASTEEL
Tata Steel was the top Nifty gainer as metal stocks led the market's rebound, with the BSE metal index up 593 points. The rally followed easing expectations of a US Fed rate hike after dovish comments from Governor Christopher Waller.
- Tata ChemicalsTATACHEM
Tata Chemicals slipped after Kenyan President William Ruto said the company should exit its Lake Magadi soda ash mining operations. The company clarified that it had submitted all information sought by the Kenyan government and remains compliant with applicable regulations.
- Finolex CablesFINCABLES
Finolex Cables eased along with the rest of the wires and cables pack after UltraTech Cement announced its Rs 1,800 crore Ultravolt entry into the segment. The decline was smaller than at larger listed peers.
UltraTech CementULTRACEMCO
UltraTech Cement rose to about Rs 11,396 after launching Ultravolt, its wires and cables business backed by a Rs 1,800 crore investment and anchored by a plant in Jhagadia, Gujarat. It is the group's fourth new business in three years.
Bharti AirtelBHARTIARTL
Bharti Airtel was among the biggest Nifty 50 laggards on a day when the index closed nearly flat and gains were concentrated in metals. No company-specific announcement was reported for the session.
- SnowflakeSNOW
Snowflake jumped after fiscal Q2 results came in above expectations, with adjusted EPS of $0.62 against about $0.45 expected and revenue of roughly $1.55 billion versus about $1.48 billion, and product revenue up 37% year over year. The company also raised its full-year outlook.
- RaymondRAYMOND
Raymond shares jumped on heavy volume after the company reported continued order wins in its aerospace and defence business, including its first build-to-specification order for a specialised onboard storage system from a defence-aerospace OEM and the start of mass production of precision components for a major defence customer. Its aerospace and defence revenue was Rs 123 crore in Q1FY27, up 40.4% from Rs 87 crore a year earlier.
- Brigade EnterprisesBRIGADE
Brigade Enterprises led a broad rally in property stocks, with the Nifty Realty index closing up 2.58%. The sector move was tied to expectations of a revenue growth recovery supported by demand for luxury housing.
Robinhood rose after a cluster of broker upgrades and raised estimates, including a move to overweight at Morgan Stanley and new or lifted coverage from Scotiabank, Piper Sandler and Bernstein. Analysts pointed to better monetisation of existing customers and expected prediction-market activity as the US football season starts.
Campbell's fell after it forecast fiscal 2027 sales and profit below analyst estimates, citing pressured consumer spending, and cut its quarterly dividend to $0.25 from $0.39.
- CienaCIEN
Ciena declined despite reporting results and revenue guidance that topped consensus, as investors focused on supply constraints and an implied slowdown in the growth trajectory embedded in the outlook.
Palantir Technologies rose after its subsidiary Palantir USG secured a US Army prime contractor agreement to manufacture and deliver eight TITAN ground-station systems. The company separately said former AIG chief executive Peter Zaffino would join as its global head of financial services.
- NetAppNTAP
NetApp declined after guiding to a lower gross margin for the coming quarter than the one just reported, which overshadowed a quarterly earnings beat.
- Tyson FoodsTSN
Tyson Foods dropped after cutting its full-year fiscal 2026 revenue guidance, pointing to margin compression in its beef business from volatile cattle prices and a severe cattle shortage.
- Anant RajANANTRAJ
Anant Raj rose alongside a strong realty sector, with an additional company-specific trigger: its plan to demerge its data centre and cloud business into a separately listed entity, Ashok Cloud, with the scheme already filed with the exchanges.
TeslaTSLA
Tesla advanced ahead of its Cybercab launch event scheduled for the same day, which put its robotaxi programme back in focus for investors.
- Godrej Consumer ProductsGODREJCP
Godrej Consumer Products fell after brokerages turned more cautious on the company's growth outlook. The move came on a day when the Nifty FMCG index was down about 0.62% as consumer stocks saw selling pressure after recent gains.
- RBL BankRBLBANK
RBL Bank hit a 52-week high on heavy volume after disclosing, post market hours on 2 September, that its board will meet on 7 September to consider establishing a Euro Medium-Term Note (EMTN) programme enabling issuance of foreign-currency bonds, notes and other debt securities.
Interactive Brokers rose in sympathy with a broad re-rating of retail brokerage stocks after multiple brokers turned more positive on Robinhood. Webull also gained around 7% in the same move.
- Godrej PropertiesGODREJPROP
Godrej Properties gained with the wider property pack as the Nifty Realty index closed 2.58% higher on expectations of a revenue growth recovery and continued demand for luxury housing.
Hewlett Packard Enterprise fell as its earnings growth guidance came in slightly below consensus, which offset a fiscal Q3 revenue figure of about $12.21 billion that beat its own guidance. Margin and supply-chain concerns were also cited.
Meta PlatformsMETA
Meta advanced alongside other megacap technology stocks as Treasury yields eased and rate-hike expectations for the September Fed meeting were pared back. There was no company-specific announcement driving the move.
MicrosoftMSFT
Microsoft rose with the broad megacap tech complex as the 10-year Treasury yield fell about 5 basis points to 4.75% and markets trimmed the odds of a September rate hike. Fed Governor Christopher Waller said he would lean toward holding rates steady absent an inflation surprise, which eased pressure on long-duration growth names.
BroadcomAVGO
Broadcom slipped even though fiscal Q3 revenue of about $29.6 billion rose 86% year over year on AI semiconductor strength, because its Q4 revenue guidance of roughly $34.8 billion came in under the roughly $35.0 billion consensus and guided gross margin was slightly below expectations.
DLFDLF
DLF rose roughly 2-3% as part of the day's realty sector rally, which was attributed to expectations of a revenue growth recovery and strong luxury housing demand rather than any DLF-specific announcement.
Bajaj AutoBAJAJ-AUTO
Bajaj Auto was the biggest Nifty 50 decliner as the auto index fell about 0.52% and traders weighed the impact of higher crude prices and bond yields on inflation. No company-specific announcement was reported for the fall.
Adani PortsADANIPORTS
Adani Ports closed at Rs 1,700.40, up Rs 27.70 from the previous close of Rs 1,673, making it one of the better performers among large caps in an otherwise flat session. No company-specific announcement was reported for the move.
- Tech MahindraTECHM
Tech Mahindra fell with the IT pack, which was the weakest sector on the day at about -0.85%, as software services shares tracked weakness rather than any Tech Mahindra-specific news.
NVIDIANVDA
Nvidia rose after it was reported to have agreed to acquire open-source AI model platform Hugging Face for close to $12.9 billion, its largest move yet into open AI model distribution.
TrentTRENT
Trent was among the top Nifty 50 losers, closing at Rs 2,815.60, as consumption-linked names saw selling alongside weakness in FMCG (-0.62%). No company-specific catalyst was reported for the day's move.
Axis BankAXISBANK
Axis Bank rose with the banking pack as Nifty Private Bank, Nifty PSU Bank and Nifty Bank outperformed a flat headline market, with financial services up about 0.43% on the day.
HDFC BankHDFCBANK
HDFC Bank edged higher as private bank shares outperformed the broader market, with the Nifty Private Bank and Nifty Bank indices among the day's better-performing sector gauges.
- AmphenolAPH
Amphenol shares rose sharply on the September 2 distribution date for its previously announced 2-for-1 stock split (stock dividend), which drew investor attention alongside continued momentum from record Q2 orders/revenue and strong AI/datacom demand that supported raised Q3 guidance.
- Cable OneCABO
No clear catalyst identified from recent filings or credible news coverage; the sharp gain occurred amid ongoing post-earnings volatility with no supporting reports on guidance, deals, or sector moves.
Dell shares rose sharply after reporting record Q2 revenue of $47B (up 58%, beating estimates) and adjusted EPS of $7.04, with strong AI server demand (record $60.9B orders, $16.4B revenue, $95B backlog) prompting a major raise in full-year guidance to $192B revenue and $25.50 EPS, plus AI server forecast to $74B.
No clear company-specific catalyst identified in today's news or filings to explain the sharp gain; the stock appears to have moved with broader market or technical factors following recent negative headlines around class-action litigation tied to prior declines.
No specific catalyst identified in Sept 2 coverage; the sharp gain occurred amid ongoing market focus on Q2 results, guidance reset, and the Corteva herbicide partnership, with elevated short interest possibly contributing to volatility.
GIII fell sharply after reporting Q2 sales that missed estimates (down 10% YoY) and providing Q3 sales guidance below consensus, overshadowing an EPS beat and a modest raise to full-year adjusted EPS outlook; investors focused on top-line weakness tied to license exits and near-term dilution from the Marc Jacobs acquisition.
PG&E extended its decline after launching a strategic review and deferring about $2 billion of planned work following the California legislature's failure to pass wildfire liability protections. The company said it would invest $11.4 billion in California in 2027 as part of the review.
- AdaptHealthAHCO
No specific catalyst identified in filings or credible coverage for the Sept 2 move; the stock appears to have risen with broader sector or market sentiment after sharp prior declines tied to Q2 results and guidance.
CHTR rose with a broad sector-wide rally in telecom stocks on no identifiable company-specific news or filing.
No clear company-specific catalyst found in today's filings or credible news coverage; the move appears to reflect broader sector or market sentiment amid recent positive same-park operating trends and seasonal plans noted in prior weeks.
- SprinklrCXM
Sprinklr shares fell sharply after reporting Q2 FY2027 results with total revenue of $213.7M (up just 1% YoY and missing estimates) driven by weak professional services revenue and negative margins there, even as subscription revenue grew 3% and the company raised its full-year subscription revenue outlook while maintaining total revenue guidance.
Palo Alto Networks fell despite quarterly revenue rising about 34% year-on-year to $3.4 billion, adjusted EPS of $1.02 beating estimates and free cash flow of $4.1 billion. Investors focused on the pace of free-cash-flow growth relative to the stock's valuation, and high-multiple software names were also pressured as bond yields rose.
- EmbectaEMBC
No specific catalyst identified in recent filings or credible coverage for the Sept 2 move; EMBC rose amid ongoing positive sentiment from Q3 results (raised FY2026 margin/EPS guidance) and a late-Aug Seeking Alpha turnaround note, with possible momentum from upcoming investor conferences.
Albany International shares rose sharply after the company announced completion of its strategic review, deciding to retain the Salt Lake City facility following an amended CH-53K contract with Sikorsky (improving financials and reversing a reach-forward loss), a renegotiated Boeing 787 contract, new defense wins, and a major raise to Q3 2026 adjusted EPS guidance ($1.40-$1.50 vs prior $0.60-$0.70).
- RR KabelRRKABEL
RR Kabel fell after JM Financial downgraded the cables and wires sector, citing absent volume growth after a strong run, elevated copper prices expected to weigh on revenue growth over the next 12 months, and new competition from UltraTech and Diamond Power.
- New India AssuranceNIACL
NIACL shares rose sharply on renewed buzz that the NSE IPO could launch soon, with the insurer holding a 1.42% stake in the exchange and positioned as a selling shareholder in the offer-for-sale.
- Heritage FoodsHERITGFOOD
Heritage Foods shares rose sharply on unusually high trading volume (over 5x the average), with no specific company news, filing, or earnings catalyst identified for the session.
- DatadogDDOG
Datadog shares fell 6.53% with no new company-specific news or filing, as part of a broader software sector selloff driven by profit-taking in high-flying growth names and macro pressures such as rising bond yields.
Education and discussion only — not investment advice. Reasons are decoded from official filings (SEC/BSE) and credible news — not live exchange quotes. Verify with the linked sources before acting.