Stock Market Live: GIFT Nifty Indicates Muted Start; NCC, Maruti Suzuki, NTPC Green, KRBL Shares In Focus

• Zydus Lifesciences: Arm launched first generic for canine urinary incontinence and long-term heart care generic diuretic for pets.

• Maruti Suzuki: The company gives introductory price for Victoris starting at Rs 10.49 lakh.

• NCC: The company received Rs 2,090 crore order for the construction of Barnar Reservoir from the Bihar water resource department.

• Adani Enterprises: The company receives LoA from National Highways Logistics Management Ltd for building the prestigious ropeway project connecting Sonprayag with Kedarnath. The company to make an investment of Rs 4,081 crore in its first ropeway project between Sonprayag and Kedarnath.

• NTPC Green, Ircon International: The company’s JV Ircon renewable power declared commercial operations upon successful commissioning of 100 MW. The total installed capacity of NTPC green energy group rose to 7372.575 MW.

Oil prices steadied after two days of gains as investors weighed the potential of further Western sanctions on Russian supplies.

Brent traded above $67 a barrel after adding 1.6% in the two previous two sessions, while West Texas Intermediate was near $63.

On the domestic front, the European Union is weighing sanctions on companies in India and China that enable Russia’s oil trade as part of an upcoming package of fresh restrictions, Bloomberg reported.

In terms of precious metals, Gold held a gain that saw it reach a fresh record, once again on the back of positive expectations of a rate cut this week.

Wall Street continued rally as market continue to vouch for a rate cut from the Federal Reserve on Wednesday, with traders waiting to see whether officials will signal a series of reductions into next year.

Positive cues from US Fed saw Corporate America put the S&P 500 above 6,600. The tech-heavy Nasdaq 100 also saw its longest advance since 2023. Alphabet Inc. hit $3 trillion in market capitalisation.

Asian stocks posted modest gains at the open after Wall Street hit fresh highs ahead of an expected Federal Reserve interest-rate cut this week.

Shares in Japan, Australia and South Korea opened higher, with the MSCI Asia-Pacific Index hovering near its record high. S&P 500 contracts were steady, as a $14 trillion record-breaking run in US equities headed for an inflection point, Bloomberg reported.

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The GIFT Nifty was trading over 25,150 early Tuesday. The futures contract based on the benchmark Nifty 50 was trading 0.10% lower at 25,156.5 as of 6:50 a.m. indicating a muted start for the Indian markets.

The Nifty 50 snapped an eight-day winning streak on Monday with the NSE Nifty 50 settling 44.80 points or 0.18% lower at 25,069.20 and the BSE Sensex closing 118.96 points or 0.15% down at 81,785.74.