Most markets in Asia–Pacific were trading higher on tracking overnight gains on Wall Street. Three benchmark indices in the US hit fresh record highs after the Federal Reserve Chair Jerome Powell said the economy is stronger than what the central bank expected in September.
The Nikkei 225 and S&P ASX 200 were trading 0.46% and 0.25% higher, respectively. Bucking the trend, the Kospi was trading 0.30% down.
On Wednesday, the S&P 500 and Dow Jones Industrial Average ended 0.61% and 0.69% higher, respectively.
The brent crude was trading 0.11% higher at $72.39 as of 6:42 a.m., and the spot gold was 0.03% down at $2,649.21 an ounce.
The GIFT Nifty was trading 0.06%, or 14 points higher at 24,519.00 as of 6:52 a.m.
The NSE Nifty 50 and the BSE Sensex closed higher for the fourth consecutive session on Wednesday, clocking the best winning streak in months.
The Nifty 50 ended 10.30 points, or 0.04%, higher at 24,467.45, and the Sensex closed 110.58 points, or 0.14%, up at 80,956.33. In the last four sessions, the indices gained 1.39% and 1.45%, respectively.
During the day, the Nifty 50 rose 0.47% to 24,573.20, and the Sensex advanced 0.49% to 81,245.39. The Sensex reclaimed the 81,000 mark for the first time in 29 sessions since Oct 21.
Overseas investors stayed net buyers of Indian equities for the second consecutive session on Wednesday, while domestic institutional investors stayed net sellers for a second day.
Foreign portfolio investors mopped up stocks worth Rs 1,797.60 crore, and the domestic institutional investors sold shares worth Rs 900.62 crore, according to provisional data shared by the NSE.
Stocks To Watch
Indus Towers: Vodafone Group Plc will divest its 3% stake, selling 7.9 crore shares via open market deals. The proceeds will be used to repay $101 million in outstanding borrowings secured against Vodafone's Indian assets.
Vodafone Idea: The board will consider fundraising up to Rs 2,000 crore in a meeting on Dec. 9.
Fusion Finance: The board approved raising up to Rs 800 crore via rights issue. The company will retain flexibility to undertake a preferential issue not exceeding 20% of overall size.
Torrent Pharmaceuticals: The drugmaker has signed an agreement with Germany-based Boehringer Ingelheim International to acquire three anti-diabetes brands. The acquisition will be completed by March 2025.
Hero MotoCorp: The company introduced the VIDA V2 series of electric scooters.
Bharat Forge: The company launched a qualified institutional placement to raise up to Rs 1,650 crore. The floor price is set at Rs 1,323.54 per equity share.
Larsen & Toubro: The company completed the acquisition of a 15% stake in E2E Networks via preferential allotment and secondary acquisition of 6% from E2E Networks promoter to be completed by May 30, 2025.
Indraprastha Gas: The board will consider a proposal of a bonus issue of shares on Dec. 10.
Sonata Software: The company announced that it has achieved the Amazon Web Services Generative Artificial Intelligence competency. This specialisation highlights the company as an AWS partner that helps customers and the AWS Partner Network drive the advancement of services, tools, and infrastructure pivotal for implementing generative AI technologies.
RailTel Corp: The company has received a work order worth Rs 10.64 crore from Gail for MPLS & Point-to-Point Leased Line Links.
Muthoot Microfinance: The company announced its third interest rate reduction of the year. The microfinance institution has reduced lending rates by 25 bps for income-generating loans to 23.05% and by 125 bps for third-party product loans to 22.7%.
Brigade Enterprises: The brigade group is seeing slow progress towards its target to achieve GDV of Rs 10,000-11,000 crores as the approvals are getting delayed.
Mastek: Arun Agarwal resigned as the global CFO and key managerial personnel.
RPP Infra: The company reached an agreement with Wills Realtors for the development of the “96 Legends" project in Sri Lanka.
Bondada Engineering: The company received a work order worth Rs 109 crore from the Bihar Renewable Energy Development Agency.
Suraj Estate Developers: Arm Iconic Property Developers purchased a vacant parcel of land admeasuring 1,464 square meters in Mumbai for a consideration of Rs 101 crore. The company sees gross development value of the project at Rs 525 crore.
Dynamic Services and Security: The company received an offer letter for a solar project from the Maharashtra government with a fixed capital investment of Rs 1,080 crore.
Vimta Labs: Rama Narahai Naidu Dodda, CFO and KMP, resigned from the company, with effect from the close of business hours on Dec. 10.
PG Electroplast: The board approved the opening of QIP to raise Rs 1,500 crore at a floor price of Rs 705.18 per share.
Infosys: The company signed an agreement with Kardex to transform its business operations using SAP S/4HANA.
Kirloskar Pneumatic: The company has acquired 55.26% equity shares of Systems and Components for Rs 15.5 crore.
Lancer Container: The company entered into a partnership with Ocean Voyage Shipping Line for the chartering of vessels and allied operations.
Rajesh Exports: SEBI intimated the company on forensic accounting and investigation probes.
Unicommerce Solutions: Danish sportswear brand Hummel partnered with the company to streamline its e-commerce operations.
Ipca Labs: The company received approval for the voluntary closure of its Mexico-based wholly owned arm, IPCA Pharma.
Quick Heal Technologies: The company announced the launch of its new product, the Seqrite malware analysis platform.
Lemon Tree Hotels: The company received a letter of award from the Meghalaya government for the redevelopment of Orchid Hotel.
Block Deals
Marathon Nextgen Realty: Saltoro Alpha LP bought 1.71 lakh shares (0.33%), while Copthall Mauritius Investment sold 1.71 lakh shares (0.33%) at Rs 591.5 apiece.
Ratnamani Metals and Tubes: Nalanda India Fund sold 7.85 lakh shares (1.11%), while SBI Mutual Fund bought 7.55 lakh shares (1.07%) at Rs 3,335 apiece.
Pledge Share Details
Quick Heal Technologies: Promoter Anupama Kailash Katkar revoked a pledge for 13.5 lakh shares on Nov. 29.
Paisalo Digital: Promoter Equilibrated Venture Cflow created a pledge for 37.5 lakh shares on Dec. 3.
Trading Tweaks
Price Band revised 20% to 10%: Lincoln Pharmaceuticals.
Moved into short-term ASM: Zinka Logistics Solutions, DMCC Speciality Chemicals.
Moved out short-term ASM: Syrma SGS Technology.
Who’s Meeting Whom
Kabra Extrusion Technik: To meet investors and analysts on Dec. 9.
Axis Bank: To meet investors and analysts on Dec. 11.
Grasim Industries: To meet investors and analysts on Dec. 5 and 11.
Samhi Hotels: To meet investors and analysts on Dec. 11 and 12.
GE Power: To meet investors and analysts on Dec. 9.
Heritage Foods: To meet investors and analysts on Dec. 9.
F&O Cues
Nifty November futures up by 0.07% to 24,563 at a premium of 96 points.
Nifty November futures open interest up by 0.01%.
Nifty Options December 5 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 23,500.
Securities in ban period: RBL Bank, Granules, Manappuram.
Money Market
The Indian rupee continued to face pressure and closed lower on Wednesday after two days of record lows ahead of the Reserve Bank of India's key interest-rate decision this week.
The domestic currency weakened by four paise to close at 84.73 against the US dollar, according to Bloomberg data. The rupee had closed at 84.69 against the greenback on Tuesday.
RECOMMENDED FOR YOU
Stock Market LIVE: Nifty, Sensex Trade At Two-Month High; Poonawalla Fincorp Share Price Jumps Nearly 15%
Sep 18, 2025
Stock Market Today: Nifty Posts Longest Winning Streak In Over A Year; BHEL, Bajaj Finance Shares Top Gainers
Sep 12, 2025
Stock Market Highlights: Nifty, Sensex Close Higher As IT Stocks Lead Gains
Sep 10, 2025
Stock Market Highlights: Nifty, Sensex End Higher As Infosys Leads Gains
Sep 09, 2025
POPULAR