Stock Market News Live: Nifty Above 25,100, Sensex Up 200 Points; Titan Top Gainer, IGL Shares In Focus

The GIFT Nifty was trading trading flat but marginally lower near 25,200 early Wednesday.

The GIFT Nifty was trading flat but marginally lower near 25,200 early Wednesday.(Image source: Unsplash)

Good morning! Welcome to NDTV Profit's live coverage of the Indian equity markets. Here we bring you real-time updates, sharp analyst insights, top stock picks, and all the market-moving news you need. Stay tuned and stay ahead of the curve. The GIFT Nifty was trading flat but marginally lower near 25,200 early Wednesday. The futures contract based on the benchmark Nifty 50 was trading 0.04% lower at 25,213 as of 6:35 a.m. indicating a muted start for the Indian markets

Primary Market Check: Anantam Highways Trust IPO

Anantam Highways Trust Ltd.'s initial public offer opened for its second day of subscription on Wednesday. The IPO was subscribed 0.41 time or 41% on its first day of subscription on Tuesday.

The infrastructure investment trust's Rs 400 crore IPO would conclude on Oct. 9. The price band has been fixed at Rs 98-100 per unit.

Also Read: Anantam Highways Trust IPO: Check Day 2 Subscription, GMP And Other Details

D-Street Debut: Advance Agrolife Lists At 14% Premium

Shares of Advance Agrolife Ltd. listed at premium of 14% over the IPO price on Wednesday. The scrip opened at Rs 114 on the NSE and Rs 113 on the BSE, compared to the issue price of Rs 100.

Read the full story below for details:

Also Read: Advance Agrolife Lists At 14% Premium Over IPO Price

Commodity Check: Yellow Metal Strategy

Spot gold futures crossed $4,000 per ounce on Tuesday, driven by economic uncertainty and safe-haven demand. In India, prices climbed past Rs 1,21,000. Financial planners said investors should adopt a cautious and measured approach.

Global gold touched $3,992.27 per ounce, while Indian rates reached Rs 1,21,180, according to India Bullion Co. Analysts said the surge reflects fears of a US government shutdown and growing expectations of interest rate cuts. Gold has gained over 50% this year, its largest annual rise since 1979, supported by geopolitical tensions and central bank buying.

Also Read: Gold Price's Record Rally: Should Investors Start SIPs Or Cut Back On Allocations?

Stocks Market News Live: IGL Share Price 

Indrapratha Gas Ltd., shares are trading in the green after the changes in tax implications for gas sourced from Gujarat. Earlier, a tax of 15% VAT was charged, but from Oct. 1, a 2% CST will be charged, now this will lead to lower gas sourcing costs for IGL.

According to sources speaking to NDTV Profit, this could increase IGL’s unit Ebitda. The scrip is currently trading nearly a percent higher at Rs 221.5 apiece on the NSE.

Also Read: Tax Relief Fuels IGL Stock Surge For Second Straight Session

Stocks Market News Live: Nifty 50 Check

Within the Nifty 50 pack, the gains were led by Titan, marking over 4% gains. Counters like Infosys gained over 25 while Tech Mahindra also record nearly 2% gains. Names like TCS, HCL Tech were also trading in the green.

The names dragging the index are Sun Pharma, Bajaj Auto and Cipla.

Stocks Market News Live: Titan Share Price

The shares of Titan surged over 3% after the company posted its second quarter business highlights.

The scrip has risen 3.41% to Rs 3,534.5 apiece on the NSE. These gains compare to the 0.18% gains in the benchmark index Nifty 50 as of 9:21 a.m.

Also Read: Titan Share Price Surges Over 4% After Strong Q2 Business Update

Stock Market News Live: Nifty, Sensex See Tepid Open

At market open Nifty 50 open above the 25,000 levels while the Sensex opened flat. The stocks in focus, leading gains withing the Nifty 50 pack are Titan following the Q2 update and Maruti Suzuki.

Stock Market News Live: Yield On 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.50%

Source: Cogencis

Rupee Vs Dollar: Rupee Opens Stronger Against US Dollar

Rupee opened 3 paise stronger at 88.75 against US dollar

It closed at 88.78 a dollar on Tuesday

Source: Cogencis

Stock Market News Live: Nifty, Sensex At Pre-Open

At the pre-open session, as of 9:10 a.m. the Nifty 50 was trading near 25,000 marking marginal losses of 0.20%. The Sensex plunged by over 600 points at pre-open, slipping to levels below 81,300.

Stock Market News Live: UBS, Morgan Stanley Maintain Bearish Stance On Dabur

Brokerages UBS and Morgan Stanley have maintained cautious views on Dabur India Ltd. following its Q2 FY26 business update, citing subdued revenue growth and continued pressure in key segments. While UBS finds the performance broadly in line when adjusted for GST-related disruptions, Morgan Stanley flagged the results as weaker than expected, highlighting a miss on its revenue estimates.

Read the full story below:

Also Read: UBS, Morgan Stanley Maintain Bearish Stance On Dabur After Muted Q2 Outlook

Stock Market News Live: What F&O Cues Indicate

  • Nifty October futures is up 0.17% to 25,229 at a premium of 121 points.

  • Nifty October futures open interest down by 1.52%

  • Nifty Options Oct. 14 Expiry: Maximum Call open interest at 25,200 and Maximum Put open interest at 25,000.      

  • Securities in ban period: RBL Bank.

Stock Market News Live: TCS Cancels Q2 Earnings Press Conference

Tata Consultancy Services has cancelled its scheduled press conference for its second quarter FY26 earnings result, which was initially slated for Oct. 9.

The company has confirmed that the cancellation was due to the date coinciding with the anniversary of Ratan Tata, the former Chairman of Tata Sons and a towering figure in the Tata Group. While the press event has been scrapped, the company's analyst call, where the financial performance and management commentary are shared is set to proceed as planned.

Also Read: TCS Cancels Q2 Earnings Press Conference Citing Clash With Ratan Tata Anniversary

Stock Market News Live: Listing Today

  • Om Freight Forwarders: The company is a third-generation logistics company based in Mumbai, India. The company's shares will debut on the stock exchange on Wednesday at an issue price of Rs 135 apiece. The public issue was subscribed to 3.87 times on the last day. The bids were led by qualified institutional investors (3.97 times), non-institutional investors (7.39 times), retail investors (2.75 times).

  • Advance Agrolife : The company is engaged in the manufacturing of a wide range of agrochemical products that support the entire lifecycle of crops. The company's shares will debut on the stock exchange on Wednesday at an issue price of Rs 100 apiece The public issue was subscribed to 56.85 times on day three. The bids were led by qualified institutional investors (27.31 times ), non-institutional investors (175.30 times), retail investors (23.06 times)

Stock Market News Live: Analyst Stock Picks

Petronet LNG stocks, Dabur India Ltd., Titan Co. Ltd., Canara Bank Ltd., PNB Ltd., Union Bank Ltd., Indraprastha Gas Ltd., and Lodha Developers Ltd., are among the companies garnering brokerage commentary today.

Analysts have shared their insights and, in several cases, revised their target prices based on their updated fundamental outlooks for these firms. Here are the key analyst calls to watch out for today.

Read the full story for stock picks:

Also Read: Stock Picks Today: Dabur, Titan, Canara Bank, PNB, Indraprastha Gas, Lodha, Union Bank On Brokerages' Radar

Stock Market News Live: Asia Market Update

Asian equities posted a modest drop at the open after Wall Street’s pullback from record highs sparked caution among investors. MSCI’s regional stock gauge dropped 0.2% with technology shares among the losers. An index of US-listed Chinese shares fell the most since the end of August ahead of Hong Kong’s return from a holiday, Bloomberg reported.

Chinese and South Korean markets are closed today.

  • Nikkei up 0.3%

  • S&P/ASX 200 down 0.3%

Stock Market News Live: Wall Street Reacap

US stocks ended their longest winning streak since May on Tuesday, spurred by a rotation out of big tech shares.

The S&P 500 fell 0.4%, interrupting seven consecutive sessions of gains.

The Nasdaq 100 declined roughly 0.6% and the Dow Jones Industrial Average slipped 0.2%.

Stock Market News Live: Gold Futures Crosses $4,000 

Gold futures spiked to a new record high, touching $4,000 per ounce, driven by factors like safe-haven demand due to the ongoing political upheaval and economic uncertainty. The prices were further pushed higher by the hopes for more US interest rate cuts.

Gold prices in India today were trading at levels above the Rs 1,21,000 mark, amid the festive season. Gold price today stands at Rs 1,21,180 according to the India Bullion Co.

Also Read: Gold Futures In The US Surpasses $4,000 Milestone — Check Rates In Delhi, Mumbai, Other Cities

Stock Market News Live: GIFT Nifty Indicates Tepid Start

Good morning! Welcome to NDTV Profit's live coverage of the Indian equity markets. Here we bring you real-time updates, sharp analyst insights, top stock picks, and all the market-moving news you need. Stay tuned and stay ahead of the curve.

The GIFT Nifty was trading flat but marginally lower near 25,200 on Wednesday morning. The futures contract based on the benchmark Nifty 50 was trading 0.04% lower at 25,213 as of 6:35 a.m., indicating a muted start for the Indian markets.

The benchmark indices of the NSE Nifty 50 and BSE Sensex on Tuesday exhibited gains for a fourth consecutive session, after which they closed flat. The Nifty 50 closed 0.12% higher at 25,108.30, while the Sensex closed 0.17% higher at 81,926.75.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Oct. 8

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WRITTEN BY
Ann Jacob
Ann Jacob tracks markets with a special focus on personal finance. She clos... more
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