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The NSE Nifty 50 and BSE Sensex closed higher tracking gains in information technology stocks. The Indices ended 0.42% and 0.45% higher, respectively.
The NSE Nifty 50 and BSE Sensex closed higher tracking gains in information technology stocks. The Indices ended 0.42% and 0.45% higher, respectively.
Rupee closed flat at 88.10 against US dollar
Source: Bloomberg
Actively managed equity mutual funds recorded a Rs 33,430.37 crore inflow during August, lower by 22% compared to the inflow of Rs 42,702.35 crore recorded in July, as per the monthly data released by the Association of Mutual Funds in India.
Inflows across the board saw its slip as compared to July. Net inflow of the mutual fund industry was at Rs 52,442.78 crore, as compared to an inflow of Rs 1.79 lakh crore the previous month.
Auto Manufacturers have a huge export markets for electric vehicles and bio fuels, Minister for Road Transport and Highway Nitin Gadkari said. India needs to increase the production of electric vehicles and bio fuels.
India has started production for semiconductors. Through scrapping, the country can recycle rare earth minerals.
Following US President Donald Trump's positive remarks about a potential US-India trade deal, Vikas Khemani, founder of Carnelian Asset Management and Advisors, believes the market should be positive.
While noting Trump's negotiation style has a pattern, he said that India was patient and that paid off. The two nations have a close ties and need each other, according to Khemani, making an eventual agreement inevitable.
Servotech Renewable's arm signed a pact to acquire business operations of Hertz and Pixels for Rs 12.5 crore.
Poonawalla Fincorp allotted non-convertible debentures worth Rs 1,000 crore via private placement, the company said in the exchange filing.
Andhra Pradesh Government approved allotment of 26.7 acres of land to Syrma SGS Technology to set up manufacturing facility, the company said in the exchange filing.
Tata Elxsi launched global tech centre for medical devices in Pune. The company to co-develop complex radiology devices with bayer.
Goldiam International received exports orders worth Rs 100 crore from US-based clients for lab-grown diamonds jewellery, the company said in the exchange filing.
Rajesh Power received order worth Rs 143 crore from Dakshin Gujarat Vij company for underground cable network, the company said in the exchange filing.
GAIL received serve statement of defence from Focus Energy iServices Investment & Newbury Oil. Focus Energy and other deny all claims made by company and make counter claims worth Rs 529 crore.
PNC Infratech declared Sept 4 as appointed date for highway construction project in Bihar, the company said in the exchange filing.
After decades of making combat aerial equipment, Hindustan Aeronautics Ltd. will soon manufacture the Small Satellite Launch Vehicle (SSLV) rockets developed by ISRO. HAL had become the successful bidder for the manufacturing and design technology in June.
The government-owned company signed a technology transfer agreement with Indian National Space Promotion and Authorisation Centre (IN-SPACe), NewSpace India Ltd., and Indian Space Research Organisation on Wednesday.
AU Small Finance Bank share price rose 1.20% to Rs 705.80 apiece. It was trading 1.13% higher at Rs 705 apiece as of 11:18 a.m. The lender has its 10.2 crore shares traded in a block.
AU Small Finance Bank share price rose 1.20% to Rs 705.80 apiece. It was trading 1.13% higher at Rs 705 apiece as of 11:18 a.m. The lender has its 10.2 crore shares traded in a block.
Stress in secured segments could also further stress if credit growth remains weak
Record high corporate bond issuances also weighed on weak credit growth
Expect incremental credit flow of banks to Rs 19-20.5 lakh cr in FY26 vs Rs 18 lakh crore in FY25
See bank credit growth of 10.4-11.3% YoY in FY26 vs 10.9% in FY25
Credit growth to improve in H2 on account of GST rate cuts, taxation boost
Source: ICRA media roundtable
The IPO was subscribed 1.38 times on Wednesday as of 10:57 a.m. , as per BSE data.
Qualified Institutional Buyers: 0.95 times
Non-Institutional Buyers: 0.58 times
Retail Investors: 4.06 times
Hindustan Aeronautics Ltd. has signed a SSLV tech transfer pact with in-space NSIL, ISRO,
SSLV is a three-stage vehicle designed to launch statellites weighing less than 500 kilogram, the company said in the exchange filing.
The shares of Welspun Living Ltd. surged over 9% in trade so far backed by high trading volumes. The scrip was trading at 12 times the volume of its 30-day average. The stock clocked in gains of over 10% this week. The gains came as US President Donald Trump said the two countries continued "negotiations to address the trade barriers.”
This was followed by Prime Minister Narendra Modi's response saying he is confident of the India-US trade talks concluding early.
Vikram Solar share price jumped 13% to Rs 407.95 apiece as the company reported a surge in net profit for first quarter.
Vikram Solar Q1 Earnings (Consolidated, YoY)
Margin at 21.4% versus 17.7%
Ebitda at Rs 242 crore versus Rs 111 crore
Revenue rose 79.7% to Rs 1,134 crore versus Rs 631 crore
Net Profit at Rs 133 crore versus Rs 22.8 crore
Vikram Solar share price jumped 13% to Rs 407.95 apiece as the company reported a surge in net profit for first quarter.
Vikram Solar Q1 Earnings (Consolidated, YoY)
Margin at 21.4% versus 17.7%
Ebitda at Rs 242 crore versus Rs 111 crore
Revenue rose 79.7% to Rs 1,134 crore versus Rs 631 crore
Net Profit at Rs 133 crore versus Rs 22.8 crore
The NSE Nifty IT rose for second session in a row as Tata Consultancy Services Ltd., and Infosys supported gains.
The NSE Nifty IT rose for second session in a row as Tata Consultancy Services Ltd., and Infosys supported gains.
Welspun Living share price jumped 9.15% to Rs 124.7 apiece.
Welspun Living share price jumped 9.15% to Rs 124.7 apiece.
Oracle Financial Services Software share price jumped 8.17% to Rs 9,100 apiece, the highest level since July 4. Its US-based parent Oracle Group jumped 28% in the previous as session as it guided half a trillion increase in its cloud infrastructure business.
Oracle Financial Services Software share price jumped 8.17% to Rs 9,100 apiece, the highest level since July 4. Its US-based parent Oracle Group jumped 28% in the previous as session as it guided half a trillion increase in its cloud infrastructure business.
Kotak Mahindra Bank Ltd. share price advanced 1.45% to Rs 1,988.90, the highest level since Aug 25. Its 322.3 crore shares changed hands in multiple block deals.
Sumitomo Mitsui Banking Corp, the public shareholder of Kotak Mahindra Bank Ltd, is likely to exit the company through a Rs 6,166.4-crore deal in the open market, according to a term sheet accessed by NDTV Profit on Tuesday.
Kotak Mahindra Bank Ltd. share price advanced 1.45% to Rs 1,988.90, the highest level since Aug 25. Its 322.3 crore shares changed hands in multiple block deals.
Sumitomo Mitsui Banking Corp, the public shareholder of Kotak Mahindra Bank Ltd, is likely to exit the company through a Rs 6,166.4-crore deal in the open market, according to a term sheet accessed by NDTV Profit on Tuesday.
On National Stock Exchange, all sectoral indices advanced with the NSE Nifty IT outperforming.
On National Stock Exchange, all sectoral indices advanced with the NSE Nifty IT outperforming.
Larsen & Toubro Ltd., HDFC Bank Ltd., Infosys Ltd., Kotak Mahindra Bank Ltd., and ICICI Bank Ltd. added to the NSE Nifty 50 index.
Sun Pharmaceutical Industries Ltd., Maruti Suzuki India Ltd., Mahindra & Mahindra Ltd., and Eternal Ltd. weighed on the NSE Nifty 50 index.
Larsen & Toubro Ltd., HDFC Bank Ltd., Infosys Ltd., Kotak Mahindra Bank Ltd., and ICICI Bank Ltd. added to the NSE Nifty 50 index.
Sun Pharmaceutical Industries Ltd., Maruti Suzuki India Ltd., Mahindra & Mahindra Ltd., and Eternal Ltd. weighed on the NSE Nifty 50 index.
The NSE Nifty 50 and BSE Sensex extended gains tracking a rise in Larsen & Toubro Ltd., HDFC Bank, and Infosys Ltd. share prices. The indices were trading 0.43% and 0.41% higher, respectively as of 9:19 a.m.
The NSE Nifty 50 and BSE Sensex extended gains tracking a rise in Larsen & Toubro Ltd., HDFC Bank, and Infosys Ltd. share prices. The indices were trading 0.43% and 0.41% higher, respectively as of 9:19 a.m.
The NSE Nifty 50 and BSE Sensex extended gains tracking a rise in Larsen & Toubro Ltd., HDFC Bank, and Infosys Ltd. share prices. The indices were trading 0.43% and 0.41% higher, respectively as of 9:19 a.m.
The NSE Nifty 50 and BSE Sensex extended gains tracking a rise in Larsen & Toubro Ltd., HDFC Bank, and Infosys Ltd. share prices. The indices were trading 0.43% and 0.41% higher, respectively as of 9:19 a.m.
The NSE Nifty 50 and BSE Sensex extended gains tracking a rise in Larsen & Toubro Ltd., HDFC Bank, and Infosys Ltd. share prices. The indices were trading 0.43% and 0.41% higher, respectively as of 9:19 a.m.
The NSE Nifty 50 and BSE Sensex extended gains tracking a rise in Larsen & Toubro Ltd., HDFC Bank, and Infosys Ltd. share prices. The indices were trading 0.43% and 0.41% higher, respectively as of 9:19 a.m.
The NSE Nifty 50 and BSE Sensex extended gains tracking a rise in Larsen & Toubro Ltd., HDFC Bank, and Infosys Ltd. share prices. The indices were trading 0.43% and 0.41% higher, respectively as of 9:19 a.m.
The NSE Nifty 50 and BSE Sensex extended gains tracking a rise in Larsen & Toubro Ltd., HDFC Bank, and Infosys Ltd. share prices. The indices were trading 0.43% and 0.41% higher, respectively as of 9:19 a.m.
Kotak Mahindra Bank Ltd.'s 1.62% equity traded in a 31 block deals.
Sumitomo Mitsui Banking Corp, the public shareholder of Kotak Mahindra Bank Ltd, is likely to exit the company through a Rs 6,166.4-crore deal in the open market, according to a term sheet accessed by NDTV Profit on Tuesday.
Rupee opened 3 paise weaker at 88.14 against US dollar
It settled at 88.11 on Tuesday
Source: Bloomberg
Gold prices extended its rally to hit a new record high at Rs 1,09,440 per 10 gm on Wednesday, according to the India Bullion Association, compared to Rs 1,08,900 on Tuesday. The prices recently crossed the Rs 1,08,000-mark, since then, the yellow metal surged over Rs 1,400 to hit a fresh record.
Sumitomo Mitsui Banking Corp, the public shareholder of Kotak Mahindra Bank Ltd, is likely to exit the company through a Rs 6,166.4-crore deal in the open market, according to a term sheet accessed by NDTV Profit on Tuesday.
SMBC will sell 3.28 crore shares, representing a 1.65% stake, in multiple deals on Wednesday. The offer price has been set at Rs 1,880 per share, indicating a 4.1% discount to the current market price of Rs 1,960.4.
SMBC held a 1.65% stake in the company as of June 2025, according to the BSE data.
Mtar Technologies received orders worth Rs 386 crore from Bloom Energy Corp in the clean energy sector, the company said in the exchange filing.
Finance Minister Nirmala Sitharaman on Tuesday said she is not concerned about the short-term reaction of markets to India's sweeping GST reforms, emphasising that global uncertainty is dominating investor sentiment at present.
"Markets always react to so many different factors… global uncertainty is definitely dominating their thoughts," the FM noted at the NDTV Profit GST Conclave. While she tracks the market, she said the success of reforms cannot be measured by day-to-day movements. "I don't think I am worried about the immediate reaction from the markets," she added.
Foundation models or big AI systems like GPT‑4 (for generating and understanding text and images), BERT (for making sense of sentences) and Stable Diffusion (for crafting vivid visuals) all share something powerful: they're trained using self‑supervised learning on massive unlabeled data. Meaning they learn patterns by predicting parts of the data themselves. Because of this broad training, a single foundation model can adapt to many different tasks like writing, image creation, or analyzing code — with just a little extra fine-tuning.
India, US to head back to negotiations as tensions ease
Cancelled visit by US trade negotiators to New Delhi to be rescheduled, to take place soon
Earlier, sixth round of talks were to happen between Aug. 25-29, but were pushed amid tariff tensions
Both sides still hopeful that a deal could be made by fall deadline (September-October) for the first tranche of bilateral trade agreement
India to stick to its red lines on agri, dairy to protect interests of MSMEs, farmers, livestock holders and fishermen
Sources: People In The Know
Goldman Sachs has hiked the target price for Amber Enterprises Ltd., highlighting the company's entry and expansion into the Printed Circuit Board (PCB) manufacturing sector as a transformative growth lever.
In a latest note, Goldman Sachs has maintained a 'Neutral' rating on the stock while hiking the 12-month target price from Rs 6,950 to Rs 7,330.
The brokerage firm expects PCB manufacturing to contribute as much as 12% to Amber Enterprises' consolidated revenue as well as a staggering 26% Ebitda margin by FY30.
Markets in Asia-Pacific gained, tracking an overnight record rally on Wall Street.
The CSI 300 was trading 0.13% higher after data showed that inflation in China 0.4% on the year in August.
The Nikkei 225 and KOSPI were trading 0.35% and 1.51% higher, respectively as of 7:47 a.m.
The S&P 500 and Nasdaq 100 futures continued to rise in Asia session. S&P 500 hit a record high in the previous session as investors hoped for rate cuts in the US.
The S&P 500 and Nasdaq 100 futures were trading 0.21% and 0.12% higher respectively as of 7:44 a.m.
The GIFT Nifty was trading 0.12% or 30.50 points higher at 24,981 as of 6:30 a.m.. This indicated a positive open for the NSE Nifty 50 with a slight negative bias.
Bajaj Auto Ltd., Mahindra & Mahindra Ltd., Godrej Properties Ltd., Maruti Suzuki India Ltd., and HEG Ltd. were in focus.
The benchmark equity indices ended higher on Tuesday, led by the share price of Infosys Ltd. Both the indices closed 0.39% higher.
The NSE Nifty 50 settled 95.45 points higher at 24,868.6 and the BSE Sensex closed 314.02 points up at 80,101.32.
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