Stock Market LIVE: Gift Nifty Indicates Muted Open; Cipla, IndiGo, Mazagon Dock, LIC, Meesho In Focus

After falling in trade on Wednesday on the back of a target price cut from Kotak Securities, Kaynes Technology has received a price cut from yet another renowned brokerage firm in Nomura.

Read the story to know the revised target price.

KSH International has set a price band of Rs 365-384 for its IPO, opening Dec. 16.

Gold prices in India were trading lower at Rs 1,29,320 and silver traded flat at Rs 1,87,710 on Thursday, according to the India Bullion Association. Moreover, silver in the spot market gained to trade at $62.62.

• Cipla: The company has launched Tirzepatide for the treatment of obesity and Type-2 diabetes. 

• Mazagon Dock: The company has entered a pact with the Indian Navy and Brazilian Navy for sharing information on maintenance of Scorpène-class submarines.

• LIC: The company gets a GST demand order of Rs 2,370 crore from Mumbai tax body.

• Meesho: The company further invests Rs 2,890 crore in its subsidiary Meesho Technologies through a rights issue to strengthen operations and fuel growth.

• InterGlobe Aviation: IndiGo revises third quarter of fiscal year 2026 guidance after operational disruptions; capacity growth now expected in high single to early double digits. Passenger unit revenues to see mid-single digit moderation, impact on fourth quarter of fiscal year 2026 and the guidance for financial year 2026 to be shared later.

The GIFT Nifty is trading marginally lower at 25,961, indicating a flat to negative open for the benchmark index. Market participants will react to the 25 basis-points rate cut by the US Federal Reserve policy meeting in today's trading session.

The Nifty declined 82 points, or 0.32%, to close at 25,758, whereas the BSE Sensex shed 275 points to settle at 84,391.27 on Wednesday.