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GIFT Nifty signalled a weak start for Indian equities on Friday, falling 138 points to an implied 23,346. The indication comes after the Nifty 50 gained 0.20% to 23,477.80 and the Sensex rose 0.19% to 74,902.59 on Wednesday. Asian markets opened lower, with Japan leading declines. The Nikkei 225 fell 2.89%, South Korea's KOSPI declined 2.75%, Hong Kong's Hang Seng dropped 1.42%, Shanghai Composite slipped 1.09% and Australia's S&P/ASX 200 fell 0.85%.
Oil Prices
Brent crude held above $107 a barrel as fighting between Yemen-based Houthi militants and Saudi-backed forces intensified, raising concerns about further disruption to energy supplies.
Oil prices had already weighed on markets in the previous session, with West Texas Intermediate crude futures rising above $100 a barrel. Brent and WTI both recorded their highest settlements since May 19 as the US-Iran conflict continued into its seventh month.
US Markets
US stock futures were little changed early Friday as investors awaited the August consumer price index report. S&P 500 futures edged higher, Dow futures fell 11 points and Nasdaq-100 futures gained less than 0.1%.
Wall Street's major averages extended their losses on Thursday. The Dow fell more than 300 points, or 0.6%, while the S&P 500 declined 0.6% and the Nasdaq Composite slipped 0.7%. It was the fourth straight session of losses for all three.
The Dow is heading for a 2.5% weekly decline, while the S&P 500 and Nasdaq are each set for a 1.6% fall.
Investors are weighing the impact of higher oil prices and the escalating Middle East conflict as they await US inflation data.
Stock Market Live: Phoenix Mills Merger Of Six Subsidiaries Takes Effect
The NCLT-approved merger of six subsidiaries of The Phoenix Mills with Astrea Real Estate Developers became effective on Sept. 10, 2026.
Stock Market Live: Godrej Properties Settles Gurugram Project Disputes For Rs 70 Crore
- Godrej Properties has settled disputes with Orris Infrastructure relating to the Godrej Air project in Gurugram.
- The implementation of the settlement agreement is underway.
- The Bombay High Court recorded execution of the settlement agreement in its Sept. 3, 2026 order.
- Estimated financial impact of the settlement is approximately Rs 70 crore.
Stock Market Live: Vedanta Cairn Buyback Matter Sent Back To SAT
- The Supreme Court has remanded the Cairn India buyback matter to the Securities Appellate Tribunal for fresh adjudication.
- The Supreme Court neither upheld nor rejected SEBI's allegations.
- The matter remains pending before SAT, with no final determination of liability.
- Vedanta said it will continue to pursue legal remedies and defend its position.
Stock Market Live: Texmaco Rail Gets Rs 27.82 Crore Hindalco Order
- Texmaco Rail & Engineering has received a Rs 27.82 crore order from Hindalco Industries.
- The order covers supply of one BTAP rake and one brake van for the Aditya Expansion Project.
- The order will be executed within eight months from the purchase order date.
Stock Market Live: Raghav Productivity Targets 50,000 MVA Capacity By FY29
Raghav Productivity Enhancers has set a target of reaching 50,000 MVA capacity through phased expansion by FY29.
Stock Market Live: NIIT Learning Sets $600 Million FY32 Revenue Target
NIIT Learning has set a Vision FY32 target of $600 million in revenue and an Ebitda margin of 20% .
Stock Market Live: Sterlite Technologies Launches Fibre Trunk Assemblies For AI Data Centres
- Sterlite Technologies has launched plenum-rated Fiber Trunk Assemblies for AI data centre connectivity, adding to its portfolio for high-density fibre requirements.
- The company has received OFNP US certification for its 48F to 576F Intermittently Bonded Ribbon pre-terminated assembly portfolio.
- The assemblies eliminate field splicing requirements.
Stock Market Live: Premier Energies Arm Plans 12 GWh BESS JV In Telangana
- Premier Energies' arm Premier Battery Tech has entered into RCT Energy India to establish a joint venture company, Premier Energies Storage Solutions.
- The JV will set up a 12 GWh battery energy storage system manufacturing unit in Telangana in FY28.
Stock Market Live: Gujarat Themis Biosyn To Raise Rs 585 Crore Via NCDs
Gujarat Themis Biosyn plans to raise Rs 585 crore through non-convertible debentures on a private placement basis.
Stock Market Live: Neogen Chemicals Opens QIP With Rs 2,189.73 Floor Price
- Neogen Chemicals has opened its qualified institutional placement with a floor price of Rs 2,189.73 per share.
- The company may offer a discount of up to 5% to the floor price.
- The issue price will be determined in consultation with the lead managers.
Stock Market Live: Gabriel India Raises Rs 1,000 Crore Through NCD Issue
- Gabriel India has allotted 1 lakh NCDs on a private placement basis and raised Rs 1,000 crore through the issuance.
- The NCDs have a tenure of 36 months.
Stock Market Live: Milky Mist Commissions 150 TPD Skyr, Greek Yogurt Plant
- Milky Mist Dairy Food has commissioned a new Skyr and Greek Yogurt manufacturing plant at its Perundurai facility, expanding capacity substantially.
- The new plant has capacity of 150 TPD versus existing capacity of 20 TPD.
- The company invested around Rs 40 crore in the facility, which was commissioned on Sept. 10, 2026.
- The facility uses ultrafiltration technology and the expansion is funded through internal accruals and IPO proceeds.
Stock Market Live: Devyani International, Sapphire Foods File CCI Merger Application
Devyani International and Sapphire Foods have filed a joint application with the Competition Commission of India for their proposed merger.
Their boards had approved the amended merger scheme on Aug. 26, 2026.
Stock Market Live: JSW Infrastructure Acquires NCR Rail Infrastructure For Rs 467.47 Crore
JSW Infrastructure has acquired NCR Rail Infrastructure for Rs 467.47 crore, with an additional Rs 41.94 crore for land.
Stock Market Live: HDFC Bank Wins Seven Bahrain Credit Suisse AT1 Cases
- HDFC Bank received favourable orders from the Bahrain High Civil Court in two Credit Suisse AT1 bonds misselling cases, with all seven Bahrain cases against the bank rejected.
- The court found insufficient admissible evidence to substantiate the allegations and rejected claims as investors could not establish that any loss was caused by HDFC Bank.
- Investors were ordered to bear the costs of proceedings in all seven cases.
- Five cases were rejected between July-August 2026 and two in September 2026.
Stock Market Live: Jefferies Sees Power Demand Rising 13% In August
- Jefferies said India's power demand rose 13% year on year in August 2026, after a 4% increase in August 2025.
- September 2026 generation to date is also strong, rising 22% year on year against a 2% decline in September 2025.
- The brokerage retained its 7% YoY FY27E demand growth estimate, with demand rising 9% YoY during April-August 2026.
- Merchant prices rose 22% YoY in August 2026.
- Top picks: Adani Energy, JSW Energy and NTPC.
Stock Market Live: Macquarie Raises Adani Ports Target Price To Rs 2,100
- Macquarie retained its Outperform rating on Adani Ports and raised its target price to Rs 2,100 from Rs 1,860.
- Macquarie raised its FY31 volume estimate to 931 MT on NQXT addition, Colombo ramp-up and expected domestic growth.
- The brokerage said better visibility supports a long-term volume upgrade.
Stock Market Live: Jefferies Cuts KEI Industries Target Price To Rs 6,150
- Jefferies retained its Buy rating on KEI Industries but lowered its target price to Rs 6,150 from Rs 6,920.
- Jefferies said KEI's stock has corrected 21% from its peak and 16% since its Q1 results beat.
- It said UltraTech's launch on Sept. 3, 2026 has raised investor concerns over KEI's future profitability.
- Jefferies believes the current market price factors in approximately 300 bps loss in market share for KEI over FY26-30.
- It sees market share loss in the retail segment with no offset from power or exports, while weakness in retail revenues should be offset between power and exports.
Stock Market Live: Shankesh Jewellers Reports Q1 Earnings
Shankesh Jewellers reported its Q1 earnings, with revenue and Ebitda increasing year on year.
Shankesh Jewellers (Q1, Consolidated YoY)
- Revenue up 55.1% to Rs 423.5 crore versus Rs 273.1 crore YoY.
- Ebitda up 92.13% to Rs 61.1 crore versus Rs 31.8 crore YoY.
- Ebitda margin at 14.4% versus 11.6% YoY.
- Net profit at Rs 43.2 crore versus Rs 21.6 crore YoY.
Stock Market Live: Granules India Promoter To Sell 6.9% Stake Via Block Deal
Granules India promoter Krishna Prasad Chigurupati is set to sell a 6.9% stake through a block deal, making the transaction a key stock-specific development.
- Block deal price: Rs 872.5 per share.
- Discount to CMP: 3%.
- Block size: Rs 1,500 crore.
- Lock-in: 180 days for further sale of shares.
- Broker: IIFL.
Stock Market Live: SBI-Led Group Said To Provide $3.5 Billion Debt To Vodafone Idea
A lender consortium led by State Bank of India has agreed to provide about $3.5 billion in debt financing to Vodafone Idea, Bloomberg reported quoting people familiar with the matter.
Vodafone Idea plans to use some of the funds to improve its network and compete with Bharti Airtel and Reliance Jio, the report said, adding that the conditions regarding the funding include Kumar Mangalam Birla remaining chairman throughout the tenure of the loan and guarantees of repayment in case of default.
Other local lenders in the consortium include Union Bank of India and National Bank for Financing Infrastructure and Development, the report said.
Stock Market Live: Wall Street Falls For Fourth Straight Session
The Dow fell more than 300 points, or 0.6%, on Thursday. The S&P 500 declined 0.6%, while the Nasdaq Composite lost 0.7%.
The Dow was headed for a weekly decline of 2.5%. The S&P 500 and Nasdaq were each set to fall 1.6% for the week.
Stock Market Live: US Stock Futures Little Changed Ahead Of Inflation Data
S&P 500 futures edged higher, while Dow futures fell 11 points. Nasdaq-100 futures gained less than 0.1% as investors awaited the August consumer price index report.
Stock Market Live: Brent Holds Above $107 As Supply Concerns Persist
Brent crude held above $107 a barrel, while West Texas Intermediate traded above $100. Both benchmarks recorded their highest settlements since May 19.
Fighting between Houthi militants and Saudi-backed forces raised concerns over energy supplies as the US-Iran conflict entered its seventh month.
Stock Market Live: GIFT Nifty Signals Weak Start For Indian Equities
GIFT Nifty fell 138 points to an implied 23,346, indicating a weak opening for Indian equities on Friday.
The Nifty 50 had gained 0.20% to 23,477.80 on Wednesday, while the Sensex rose 0.19% to 74,902.59.
Stock Market Live: Asian Markets Fall, Nikkei And KOSPI Drop Nearly 3%
Japan’s Nikkei 225 fell 2.89%, while South Korea’s KOSPI declined 2.75%. Hong Kong’s Hang Seng dropped 1.42% and the Shanghai Composite slipped 1.09%.
Australia’s S&P/ASX 200 fell 0.85%.
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