Stock Market LIVE: Nifty, Sensex Rangebound; Power Grid, NTPC, Nestle Top Gainers

Rail Vikas Nigam Ltd., MRF Ltd., Shree Renuka Sugars, ITI and Apollo Tyres Ltd. were top gainers in broader markets

(Photo: NDTV Profit)

Good afternoon! thanks for joining us on real-time market coverage. The NSE Nifty 50 and BSE Sensex were stuck in a range after gaining earlier in the session. The Nifty was trading above the support level of 24,700. Apollo Micro System and CG Power And Industrial Solutions share prices gained. The NSE Nifty Midcap 150 and the NSE Nifty Smallcap 250 were outperforming the benchmark indices.
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Stock Market LIVE: Nifty Weekly Expiry Shifts To Tuesday — Key Things To Know

Starting today, Sept. 2, the expiry day of Nifty weekly futures shifts to Tuesday. The NSE had announced a major change in the expiry schedule for index and stock derivatives contracts.

The changes follow approvals from the Securities and Exchange Board of India, allowing NSE to use Tuesday expiry and letting BSE shift to Thursday.

Also Read: Nifty Weekly Expiry Shifts To Tuesday — Key Things To Know

Stock Market Today: Dee Development Gets Order Worth Rs 170 Crore 

Dee Development received order worth Rs 170 crore to supply 1,900 metric ton of critical piping for two important power projects, the company said in the exchange filing.

Stock Market Today: This Company Is The 'Best Proxy To Invest In IPL' — Check Target Price

Shares of Sun TV Network Ltd. were buzzing in trade on Tuesday on the back of Avendus Spark's major upgrade, as the brokerage firm banks on the company to leverage its Indian Premier League (IPL) opportunity.

Sun TV Networks shares reached an intraday high of Rs 581.8, which accounts for a gain of almost 6% compared to Monday's closing price of Rs. 544.85.

Also Read: This Company Is The 'Best Proxy To Invest In IPL' — Check Target Price

Stock Market LIVE: Domestic Institutional Stock Buying Nears Record As Foreigners Exit

Stock purchases by Indian institutions are inching toward a record this year, providing a cushion to the nation’s $5.1 trillion market as foreign funds keep selling.

Local investors, mainly mutual funds and insurance firms, have bought over $59 billion worth of equities, nearing last year’s all-time high. Foreign investors have pulled over $15 billion from Indian markets in 2025 so far, amid a rotation into China’s rallying equities. The outflows are approaching the record $17 billion exodus seen in 2022

Also Read: Domestic Institutional Stock Buying Nears Record As Foreigners Exit

Stock Market LIVE: Can Fin Homes' Board To Meet On Wednesday

Can Fin Homes' board to meet Wednesday to consider raising funds up to Rs 10,000 crore via non-convertible debentures, the company said in the exchange filing.

Stock Market LIVE: Marsons Gets Order Worth Rs 27 Crore 

Marsons received order worth Rs 27 crore for conventional type power transformer from cabcon India, the company said in the exchange filing.

Trump Tariffs Impact: Is India Being Pushed Away From US? Former NSA John Bolton Weighs In

Former United States National Security Advisor John Bolton has lambasted US President Donald Trump in a recent tweet, calling out his 'disastrous' tariff policy, which has impacted the country's relationship with India.

“The West has spent decades trying to wean India away from its Cold War attachment to Soviet Union Russia and cautioning India on the threat posed by China. Donald Trump has shredded decades of efforts with his disastrous tariff policy,” Bolton wrote in a post on X.

Also Read: Trump Tariffs Impact: Is India Being Pushed Away From US? Former NSA John Bolton Weighs In

Indian Banks Tell RBI They’ve Limited Room To Buy State Bonds

Some of India’s biggest banks have told the central bank that they are running out of room to buy bonds issued by states, people familiar with the matter said.

The lenders recently approached the Reserve Bank of India, warning that the share of state bonds in their investment portfolios has risen sharply and is nearing internal limits, according to people familiar with the matter, who declined to be identified as the discussions are private.

Also Read: Indian Banks Tell RBI They’ve Limited Room To Buy State Bonds

India 'In Dialogue' With US For Bilateral Trade Deal: Piyush Goyal

Union Minister of Commerce and Industry Piyush Goyal on Tuesday shared that India is in dialogue with United States of America for bilateral trade deal.

Also Read: India 'In Dialogue' With US For Bilateral Trade Deal: Piyush Goyal

Stock Market LIVE: Jain Irrigation Approves Raising Up To Rs 500 Crore QIP 

Jain Irrigation approved raising up to Rs 500 crore via qualified institutional placement, the company said in the exchange filing.

Stock Market LIVE: Krystal Integrated Gets Order Worth Rs 370 Crore 

Krystal Integrated received order worth Rs 370 crore order from Commissionerate of Social Welfare in Pune for outsources manpower services, the company said in the exchange filing.

Why PM Modi Mentioned Kaynes Tech And CG Power In His Semicon India 2025 Address

India will play a crucial role in the global semiconductor push, Prime Minister Narendra Modi said during his address at the flagship Semicon India 2025 event, while making key references to two listed companies - CG Power and Kaynes Tech.

"Kaynes’ plant is set to begin pilot operations soon. Test chip production has already started at Tata Electronics and Micron, while CG SEMI has also commenced its pilot phase. Commercial chip production is expected to start later this year," he said in his address.

Also Read: Why PM Modi Mentioned Kaynes Tech And CG Power In His Semicon India 2025 Address

Massive GST Rate Cut Proposed On Over 150 Items; Revenue Hit Pegged At Rs 50,000–60,000 Crore

The GST Council is all set to take a final call during its crucial two-day meeting on Sept. 3-4 on the Centre’s proposal to slash GST rates on more than 150 items as part of its comprehensive rate rejig exercise. The move aims to ease the tax burden on households and spur consumption ahead of the festive season.

The proposals include shifting several items from the higher 12% and 18% GST slabs to the 5% slab or even to the Nil GST category, which means complete exemption. 

Also Read: Massive GST Rate Cut Proposed On Over 150 Items; Revenue Hit Pegged At Rs 50,000–60,000 Crore

'India's Economy Just Needs Pick Up In Demand, No Fundamental Problem': ICICI Pru's Anish Tawakley

With the wide array of developments happening on various fronts, investors are eyeing global, domestic, macro and corporate cues to put make the right bets. With tariff impact, potential GST cuts, and more weighing into sectors, all eyes are on the domestic demand.

Anish Tawakley, co-chief investing officer at ICICI Prudential Mutual Fund, said that are no fundamental problems in the economy. With regards to fiscal deficit, current account balance, and corporate balance sheets, he said that they are all in good shape.

Also Read: 'India's Economy Just Needs Pick Up In Demand, No Fundamental Problem': ICICI Pru's Anish Tawakley

Stock Market LIVE: Refex Industries Gets Order Worth Rs 25 Crore 

Refex Industries received order worth Rs 25 crore for transportation of pond ash from Andhra Pradesh Power Development Co.

Also Read: SEBI Approves 13 IPOs Including boAT, Juniper Green, Urban Company

Stock Market LIVE: SEBI Approves DRHP Of boAt's Parent Firm Imagine Marketing

The Securities Exchange Board of India has approved Imagine Marketing's draft red herring prospectus.

Stock Market LIVE: NTPC Green Declares Operation Of Solar Project In Bhuj

NTPC Green Energy Ltd. has declared commercial operations of 25 megawatt solar project in Bhuj of Ayana Renewable Power Four, the company said in the exchange filing on Monday

Stock Market LIVE: Infosys Is In Multi-year Pact With Glion Area Kobe As Digital Innovation & Green Transformation Partner 

Infosys Ltd. is in multi-year pact with glion area Kobe as digital innovation and green transformation partner, the company said in the exchange filing.

Stock Market LIVE: Acme Solar Can Exit Non-Revenue Generating Solar Power Project Without Penalty 

Acme Solar Holding can exit a 300 megawatt Solar Power Project without any penalty, the bid coordinator, PFC Consulting confirmed. The project was not generating revenue or profitability

Stock Market Today: India Heading Towards Having Major Role In This Market, PM Modi At Semicon 2025

  • India heading towards having a major role in this market

  • The country has invested $18 billion across 10 projects under India Semiconductor Mission

  • Govt working on National Single Window System

  • India is offering end-to-end help like PLI incentives, design linked grants

  • India heading towards being a full-stack semiconductor nation

  • India's smallest chips will drive the world's biggest changes soon

Source: PM Modi At Semicon 2025

Also Read: Semicon India 2025 Kicks Off On Tuesday, Over 20,000 Attendees From Nearly 50 Countries — Check Details

Stock Market LIVE: Tata Motors Share Price Falls After August Sales Decline

Shares of Tata Motors Ltd fell nearly 1% on Tuesday, after the company reported a 7% decline in total passenger vehicle dispatches in the domestic market to 41,001 units last month from 44,142 units in August 2024.

The company's total domestic dispatches declined 2% year on year to 68,482 units last month as against 70,006 units in August last year, as per the official statement on Monday. However, the company's total wholesale rose 2% year-on-year to 73,178 units last month as compared with 71,693 units in August 2024.

Also Read: Tata Motors Share Price Falls After August Sales Decline

Stock Market LIVE Update Today: Shree Renuka Share Price Jumps Over 16% And Lead Sugar Stocks Rally 

Shree Renuka Sugars share price jumped over 16% and was leading rally on sugar stocks. Dhampur Sugar Mills and Bajaj Hindustan Sugar share prices followed.

Sugar stocks advanced as the government has lifted cap from ethanol production. It has now permitted sugar mills and distilleries to produce ethanol.

Stock Market LIVE: SEBI May Extend Pre-IPO Trading Window In Its Pilot Platform For Unlisted Shares

Market regulator Securities and Exchange Board of India is likely mulling to extend the pre-IPO session in a bid to regulate the unlisted space, people in the know told NDTV Profit. The idea is to extend the small fifteen-minute pre-IPO session window to a three-day window between the IPO stock’s allotment and its listing, Profit was told.

The market watchdog has just started exploring the idea to tackle issues related to price discovery ahead of the initial public offerings, the sources said.

Also Read: SEBI May Extend Pre-IPO Trading Window In Its Pilot Platform For Unlisted Shares

Nifty 50|Sensex|Stock Market Today: What's Holding Back Indian Stock Market? HSBC Research Lists Key Challenges

HSBC Global Investment Research remained 'Neutral' on India, as it expects upsides to be capped. After assessing the risk framework, the investment firm found five out of nine risk factors are improving; however, some issues remain which will cap Indian markets' upsides.

Read the full article here.

Stock Market LIVE: Glenmark Pharma To Launch Eribulin Injection That Treats Breast Cancer

Glenmark Pharma will launch Eribulin Mesylate Injection which is used in treatment of metastatic breast cancer.

Stock Market Today: Premier Energies Share Price Gains Over 3%

Premier Energies Ltd. share price gained over 4% in last two session as its subsidiaries collectively booked orders worth Rs 2,703 crore. The stock was trading 1.24% higher at Rs 1,049.15 apiece as of 10:39 a.m.

Stock Market LIVE: CG Power Share Price Rises For Third Session 

CG Power And Industrial Solutions share price extended gains to third session. The stock has gained over 9% so far in the recent rally which is triggered by after its unit launched first outsourced semiconductor assembly and testing facility.

Also Read: CG Power Shares Hit Seven-Month High, Extend Gains To Second Session: What's Behind The Rally?

Stock Market LIVE: PM Modi Starts His Address At Semicon India 2025

Prime Minister Narendra Modi started its address at Semicon India event, taking place at Yashobhumi, Delhi.

Bajaj Finance Shares Edge Higher As CLSA Maintains 'Outperform' Rating On Loan Growth

Bajaj Finance shares were trading in the green after CLSA maintained its 'outperform' rating with a target price of Rs 1,150. The brokerage is positive about the company's medium-term loan growth and sees positive momentum driven by strategic business decisions.

Also Read: Bajaj Finance Shares Edge Higher As CLSA Maintains 'Outperform' Rating On Loan Growth

Stock Market LIVE: Mobikwik Shares Continue To Surge, Marks 18% Gain In Two Sessions

Shares of One Mobikwik Systems Ltd. surged over 10% on Tuesday. amid high trading activity. Abu Dhabi Investment Authority offloaded its entire equity via block deals in the previous session.

One Mobikwik share gained as much as 10.8% to Rs 263. The total traded volume was 5.3 times the 30-day average with a turnover of Rs 288 crore.

Also Read: Mobikwik Shares Continue To Surge, Marks 18% Gain In Two Sessions

Stock Market LIVE: JK Tyre, Apollo Tyre, MRF And Ceat Rise 

Most tyre stocks were trading higher on the exchanges. JK Tyre, Apollo Tyres, MRF Ltd., and TVS Srichakra Ltd. shares were top gainers in the tyre stock rally.

Stock Market LIVE: Ola Electric Mobility Share Price Steadies

Ola Electric Mobility Ltd. share price consolidated in Tuesday's session after jumping 18% in the previous session. It was trading 1.23% down at Rs 61.71 apiece as of 10:07 a.m.

Stock Market LIVE: BEML Rises For Third Session

BEML share price continued to gain for third session. The share price rose as much as 4.38% to Rs 4,064.20 apiece, the highest level since Aug 25.

12 Dividend Stocks: Patanjali Foods, Concord Biotech, Prestige, Asahi— Last Day To Buy Shares To Qualify

Shares of Patanjali Foods Ltd., Concord Biotech Ltd., Asahi India Glass Ltd., Prestige Estates Projects Ltd. are among the 12 companies will be of interest on Tuesday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines shareholder eligibility for receiving a dividend.

Also Read: 12 Dividend Stocks: Patanjali Foods, Concord Biotech, Prestige, Asahi— Last Day To Buy Shares To Qualify

Gold Price Rises To New High On Hopes Of US Fed Rate Cut 

Gold prices in the international markets hit a record high as prospects of a rate cut in the US as early as this month increased. The bullion rose 0.94% to a record high of $3,508.73 an ounce.

Also Read: Gold Price At Record High — Check Rates In Delhi, Mumbai, Chennai, Other Cities

Salesforce Layoffs: Slack Owner Cuts 4,000 Jobs — CEO Marc Benioff Explains Why

Salesforce CEO Marc Benioff shared that the company has eliminated approximately 4,000 customer support roles, shifting towards 'agentic' AI to streamline operations. This strategic move enables the company to reduce reliance on human agents and redeploy staff to high-value areas where they're needed most.

Also Read: Salesforce Layoffs: Slack Owner Cuts 4,000 Jobs — CEO Marc Benioff Explains Why

Stock Market LIVE: Reliance Industries Share Price Rebounds

Reliance Industries Ltd. share price rebounded from a two-day slump in Tuesday's session. The stock price hit a four-month low after Chairman Mukesh Ambani announced that existing shareholders of Reliance Industries will not get any benefits in the upcoming Jio initial public offer.

Also Read: Jio Platform IPO: Reliance Stock Under Pressure Post AGM But Brokerages Remain Bullish—Here's Why

Sectoral Performance At Open: Nifty Media Leads Gains While Nifty Metal Falls

On National Stock Exchange, eight sectoral indices gained, four declined, and three remained unchanged out of 15.

Nifty Contributors At Open: RIL, Eternal And Bajaj Finance Support Gains 

Reliance Industries Ltd., Eternal Ltd., Bajaj Finance Ltd., HDFC Life Insurance Co., and Larsen & Toubro Ltd. added to the NSE Nifty 50 index.

ICICI Bank Ltd., Infosys Ltd., Mahindra & Mahindra Ltd., Axis Bank Ltd., and Asian Paints India Ltd. weighed on the Nifty 50 index.

Market Experts' View: Traders Focus On GST Council Meet, Shrugging Off Tariff Tensions

"Sentiment is torn between Trump’s 50% tariff and optimism around PM Modi’s roadmap to atmanirbharta with upcoming GST reforms, as traders eye the GST Council meet on September 3–4."
Prashanth Tapse, a senior vice president, research Mehta Equities
"As long as the market trades above 24,400/79,700, the pullback formation is likely to continue. On the upside, it could bounce back to the 20-day SMA (simple moving average), which is at 24,700/80,500 or 24,750/80,700. The uptrend may continue further, taking the market to 24,850/81,000."
Shrikant Chouhan, head, equity research, Kotak Securities

Stock Market Today: Nifty, Sensex Open Higher As RIL, HDFC Bank Shares Lead

The NSE Nifty 50 and BSE Sensex continued their gain as the heavyweight Reliance Industries Ltd. consolidated after trading near four-month low for last two session. HDFC Bank Ltd. and Eternal Ltd. shares were top two contributors.

The indices were trading 0.06% and 0.11% higher, respectively as of 9:24 a.m.

SEBI May Extend Pre-IPO Trading Window In Its Pilot Platform For Unlisted Shares

Market regulator Securities and Exchange Board of India is likely mulling to extend the pre-IPO session in a bid to regulate the unlisted space, people in the know told NDTV Profit. The idea is to extend the small fifteen-minute pre-IPO session window to a three-day window between the IPO stock’s allotment and its listing, Profit was told.

Also Read: SEBI May Extend Pre-IPO Trading Window In Its Pilot Platform For Unlisted Shares

GST Rate Rejig: Which FMCG, Footwear Stocks Will Benefit The Most? Check Goldman Sachs' Picks

As the GST Council prepares to meet on Sept. 3–4 in New Delhi, the spotlight is on a bold proposal to slash tax rates across consumer categories.

The Centre’s push for a simplified two-rate GST structure, 5% and 18%, is expected to dominate the 56th GST Council meeting this week. If approved, the overhaul will phase out the 12% and 28% slabs, making daily-use items significantly cheaper and offering a major boost to companies in the FMCG and footwear sectors, said Goldman Sachs.

Also Read: GST Rate Rejig: Which FMCG, Footwear Stocks Will Benefit The Most? Check Goldman Sachs' Picks

Yield On 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.59%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opened 5 paise stronger at 88.15 against US dollar

  • It closed at 88.20 on Monday

Source: Bloomberg

Stock Market LIVE: Adani Ports & SEZ's Container Volume Rises 29% In August

Adani Ports & SEZ August Business Update (YoY)

  • Cargo volume rose 16% to 41.9 million metric ton

  • August logistics rail volumes rose 8% to 57,347 twenty-foot equivalent unit

  • August containers volumes rose 29%

Source: Exchange filing

LG & Panasonic Supplier UKB Electronics Files For Rs 800-Crore IPO

UKB Electronics Ltd. on Monday filed preliminary papers with the Securities and Exchange Board of India to raise funds via an initial public offering.

The public offer will include a mix of fresh issue and an offer for sale component worth Rs 800 crore.

Also Read: LG & Panasonic Supplier UKB Electronics Files For Rs 800-Crore IPO

Upcoming IPO: Leap India Files Draft Papers With SEBI To Raise Rs 2,400 Crore Via Fresh Issue, OFS

Leap India Ltd. has filed draft red herring prospectus with the Securities Exchange Board of India to raise Rs 2,400 crore from the primary market. Its initial offer comprises of both the fresh issue and offer for sale.

Lead India is offering shares worth Rs 400 crore as fresh issue, while promoters are offloading shares worth Rs 2,000 crore as offer for sales. The face value of each share is Rs 1.

Also Read: Upcoming IPO: Leap India Files Draft Papers With SEBI To Raise Rs 2,400 Crore Via Fresh Issue, OFS

Stock Market LIVE: HSBC India Strategy

  • Reassess risk framework to look for signs of favourable shifts that can support Indian equities

  • Find improvements in some of the factors driving equities, we think the upside potential over the near term is still limited

  • Earnings growth faces downside risks

  • Increase in equity supply remains an issue

  • Tariffs won’t derail the market as the direct impact on the earnings of listed companies is likely to be muted

  • More competition, lower margins

  • While valuations are now less demanding, still see limited scope for rerating over the short term

  • Consumption prospects are improving amid government tax stimulus and easing inflation

  • Private capex is subdued and limited to just two sectors – energy and mining

  • Monetary policy is more supportive and can ease the pressure on banks

  • India and China both markets can perform simultaneously

  • Remain neutral India in a regional context

Asia Market Update LIVE: Nikkei 225 And KOSPI Rise 

Markets in Japan, South Korea, and Taiwan rose early trade on Tuesday buoyed by technology stock after artificial intelligence boom. The Nikkei 225 and KOSPI were trading 0.37% and 0.79% higher, respectively as of 7:41 a.m.

Markets in China and Hong Kong were slightly lower bucking the trend.

Also Read: Asian Stocks Edge Up, Japan Bond Auction In Focus: Markets Wrap

US Market Update: Dow Jones And S&P 500 Futures Trade Flat  

US stock futures were trading on a flat note in Asia session on lack of significant cues. Markets in the US were closed for Labor Day.

The Dow Jones Industrial Average and S&P 500 indices were trading flat. The Nasdaq 100 future was trading 0.01% down as of 7:37 a.m.

Also Read: Stocks Hold Steady As Testing Month Gets Underway: Markets Wrap

LIVE: GIFT Nifty Hints At Positive Open; BEL, Hero MotoCorp, Kotak Bank Shares In Focus

The GIFT Nifty was trading 0.1% or 25 points higher at 24,735.50 as of 6:31 a.m., which indicated a higher open for the NSE Nifty 50.

Traders will keep an eye on Bharat Electronics Ltd., Coal India Ltd., NMDC Ltd., Hero MotoCorp Ltd., and Kotak Mahindra Bank Ltd. because of the overnight news flow.

The benchmark equity indices closed in the green on Monday after three straight sessions of decline.

The NSE Nifty 50 ended 198.2 points or 0.81% higher at 24,625.05 and the BSE Sensex closed 554.84 points or 0.7% up at 80,364.49.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Sept. 2

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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