Stock Market Highlights Today: Nifty Ends Above 23,400, Sensex Closes 560 Points Higher
Nifty Realty rose 0.98%, while Nifty Auto and Nifty Metal gained 0.69% and 0.50%, respectively. Nifty IT fell 0.41%, followed by Nifty PSU Bank at 0.23% and Nifty Rural at 0.12%.
The Nifty 50 settled 67.90 points higher at 23,414.30, compared with its provisional close of 23,429. The Sensex settled 564.03 points, or 0.76%, higher at 74,858.99, compared with its provisional close of 74,894.86. That came amid higher US equity futures, as investors assessed the outlook for US-China trade ahead of a planned summit later this week.
The planned meeting between the US and China remained a key focus for investors, who were watching for signs of progress in trade discussions between the two countries.
US stock futures were also higher in early trading. S&P 500 futures gained 0.23%, Nasdaq-100 futures rose 0.27% and Dow futures added 0.25%. The moves followed a third straight weekly decline for the Dow Jones Industrial Average.
The market moves came after the Federal Reserve raised interest rates last week, marking its first rate hike in three years. Persistent inflation remained a concern for policymakers, while rising bond yields continued to weigh on financial markets.
The 10-year US Treasury yield was around 5%, while crude prices stayed close to the $100-a-barrel mark.
Oil prices were broadly stable as traders assessed the potential impact of Middle East supply risks against diplomatic efforts to end the US-Iran conflict. Brent crude was near $104 a barrel after falling for three consecutive sessions, while West Texas Intermediate remained below $100.
Stock Market Live: Nifty Settles 0.29% Higher, Sensex Gains 564 Points
The Nifty 50 settled 67.90 points higher at 23,414.30, compared with its provisional close of 23,429.
The Sensex settled 564.03 points, or 0.76%, higher at 74,858.99, compared with its provisional close of 74,894.86.
Stock Market Live: Nifty Gains 0.35%, Sensex Rises 600 Points At Provisional Close
The Nifty 50 provisionally closed 82.60 points higher at 23,429. The Sensex gained 599.90 points, or 0.81%, to 74,894.86.
Stock Market Live: Mumbai Fuel Dealers Seek Exemption From UPI MDR Charges
The Mumbai, Thane, Raigad and Palghar Petrol Dealers Association has asked the RBI to exempt fuel retailers from UPI merchant discount rate charges, according to a letter sent to the regulator.
The association warned that petrol pumps across Mumbai could stop accepting UPI payments from Oct. 15 if the charges are imposed. Dealers said regulated fuel prices prevent them from passing transaction costs to consumers.
Stock Market Live: Deepak Fertilisers, JG Chemicals Lead Chemical Stock Gains
Deepak Fertilisers rose 1.80%, while JG Chemicals gained 1.11%. UPL fell 3.09%, while Thirumalai Chemicals declined 1.17%.
Stock Market Live: Voltas, Indian Hotels Lead Tata Group Stock Gains
Voltas rose 2.85%, while Indian Hotels gained 2.12%. TCS and Tata Consumer Products advanced 1.45% and 1.24%, respectively.
Nelco fell 2.54%, while Tata Investment Corporation and Tata Power declined 2.53% and 2.03%, respectively.
Stock Market Live: Arfin India, NALCO Lead Aluminium Stock Gains
Arfin India rose 1.54%, while National Aluminium Company gained 1.03%. Maan Aluminium and Hindalco Industries advanced 0.74% and 0.70%, respectively.
Vedanta Aluminium slipped 0.14%, while Manaksia Aluminium declined 0.11%.
Stock Market Live: Rupee Strengthens To 95.80 Against US Dollar
The rupee strengthened 0.1% to 95.80 against the US dollar, compared with Friday’s close of 95.87.
Stock Market Live: Brent Crude Falls 2.4% To $101.47 A Barrel
Brent crude declined 2.4% to $101.47 a barrel.
Stock Market Live: Renaissance Global, TBZ Lead Jewellery Stock Gains
Renaissance Global rose 5.12%, while Tribhovandas Bhimji Zaveri gained 5%. KDDL advanced 3.41%, while PC Jeweller and Titan Company rose 2.20% and 1.29%, respectively.
Thangamayil Jewellery fell 2.71%, while Motisons and Senco Gold declined 1.31% and 1.29%, respectively.
Stock Market Live: Tata Steel Flags Higher Input Costs As Coking Coal Prices Rise
Tata Steel MD and CEO TV Narendran said coking coal prices have risen by $60 and account for about 40% of steelmakers’ costs. Steel companies are raising prices in anticipation of the impact over the next two months.
Narendran said zinc, aluminium, copper and manganese prices have also increased. Tata Steel did not provide margin guidance.
Stock Market Live: Realty, FMCG Lead Sectoral Gains As Metal Falls
Nifty Realty rose 1.37%, while Nifty FMCG gained 1.29%. Nifty Pharma and Defence advanced 1.17% and 0.81%, respectively.
Nifty Metal fell 0.43%, while Nifty Rural and PSU Bank declined 0.10% and 0.01%, respectively.
Stock Market Live: Nifty Rises 0.47%, Sensex Gains 660 Points
The Nifty 50 rose 109.15 points to 23,455.55. The Sensex gained 659.98 points, or 0.89%, to 74,954.94.
Stock Market Live: Marine Electricals Opens New Manufacturing Plant In Goa
Marine Electricals opened a plant in Goa to expand its manufacturing and operational capacity. The facility will focus on power train units for data centres and shore conversion systems for ports, according to an exchange filing.
Stock Market Live: Microsoft Launches Fourth India Cloud Region In Hyderabad
Microsoft formally launched its India South Central cloud region in Hyderabad as part of its $20.5 billion investment commitment towards India’s digital and artificial intelligence infrastructure, PTI reported.
The region joins Microsoft’s existing cloud regions in Pune, Chennai and Mumbai. The Hyderabad facility uses air-cooled chillers and requires no water for cooling.
Stock Market Live: India Pesticides Expects Revenue To Grow 15%
India Pesticides expects revenue to grow nearly 15% and EBITDA margin to remain at 15–16%. The company said customers had agreed to a price increase.
Exports are expected to contribute 40–45% of revenue. New products could generate Rs 25–30 crore in their first year, with business in new areas expected to begin within three months.
Stock Market Live: SpiceJet Operations Hit By Financial Strain
SpiceJet has delayed or cancelled several flights in recent weeks and has yet to pay salaries for the past three-and-a-half months, according to sources. The airline is operating 11 aircraft and is considering fundraising options.
SpiceJet is awaiting Rs 350 crore under the ECLGS 5.0 scheme. Operations are expected to improve from mid-October with the induction of 20 wet-leased aircraft. NDTV Profit is awaiting a response from the airline.
Stock Market Live: Kirloskar Ferrous Appoints Deputy CFO, Joint MD
Kirloskar Ferrous Industries appointed Ankur Gupta as deputy chief financial officer, effective October 1.
The company also appointed Ajay Shriram Pati as joint managing director for three years, effective September 21, according to an exchange filing.
Stock Market Live: GK Energy Secures 150 MW Battery Storage Project In Maharashtra
GK Energy received a letter of award from Maharashtra State Electricity Distribution Company to set up a 150 MW/300 MWh battery energy storage system in Maharashtra.
The company will receive a tariff of Rs 2.38 lakh per MW per month under the project, according to an exchange filing.
Stock Market Live: CEA Says India’s Growth Outlook Remains Steady
Chief Economic Adviser V. Anantha Nageswaran said major agencies expect India to grow 6–6.5% annually over the medium term.
Speaking at an AIMA event, Nageswaran said the economy grew 7.8% in the first quarter despite the West Asia crisis. He attributed the growth to reforms implemented over the past decade.
Stock Market Live: Shriram Finance To Buy Notes Worth Up To $460 Million
Shriram Finance’s board approved the purchase of notes worth up to $460 million issued under its Global Medium Term Note programme, according to an exchange filing.
Stock Market Live: IIFL Finance Allots NCDs Worth Rs 130 Crore
IIFL Finance approved the allotment of non-convertible debentures worth Rs 130 crore, according to an exchange filing.
Stock Market Live: Sonaselection India IPO Subscribed 1.36 Times On Final Day
Sonaselection India’s IPO was subscribed 1.36 times as of 12:27 pm on the final day of bidding. The retail portion was subscribed 1.91 times, while the non-institutional investor segment was booked 1.30 times.
The qualified institutional buyer portion was subscribed 0.46 times.
Stock Market Live: NSE IPO Subscribed 1.82 Times On Final Day
The NSE IPO was subscribed 1.82 times as of 11:57 am on the final day of bidding. The non-institutional investor portion was subscribed 3.04 times, while the qualified institutional buyer segment was booked 2.42 times.
The retail portion was subscribed 0.96 times.
Stock Market Live: IRGC Warns Of New Weapons In Response To US Attack
Iran’s Islamic Revolutionary Guard Corps said it would deploy weapons with new capabilities and target new locations if the US launched another attack, Al Jazeera reported.
IRGC spokesperson Hossein Mohebbi said Iran would also change the geographical scope of its defensive and counteroffensive operations.
Stock Market Live: US FDA Issues Five Observations To Cohance Life’s Andhra Unit
The US FDA issued five observations under Form 483 after inspecting Cohance Lifesciences’ Andhra Pradesh facility from September 14 to 19, according to an exchange filing.
Stock Market Live: India, Bangladesh Discuss Joint Trade Task Force
India and Bangladesh are discussing the formation of a joint task force to expand bilateral trade and investment, PTI reported.
The proposed panel would bring businesses and other stakeholders from both countries together and work towards removing tariff and non-tariff barriers.
Stock Market Live: Piramal Finance To Allot Rs 1,100 Crore In NCDs
Piramal Finance will allot non-convertible debentures worth Rs 1,100 crore through a private placement, according to an exchange filing.
Stock Market Live: GlassRatner Sees Value In 10-Year Bonds
GlassRatner Advisory’s Seth R. Freeman said 10-year bond yields were attractive for investors. Freeman added that it remained unclear whether companies were passing on the full increase in commodity costs.
Stock Market Live: Helios Capital Flags Crude Oil Risk To Second-Quarter Earnings
Helios Capital’s Dinshaw Irani said a prolonged war could weigh on second-quarter earnings, while an early end could support results. He expects crude oil prices to decline and remains positive on the BFSI sector despite pressure on banks’ current and savings account deposits.
Irani said large-cap valuations were not a concern for foreign portfolio flows, but saw limited room for growth among large-cap stocks.
Stock Market Live: Jupiter Life Rules Out Fundraise For New Hospitals
- Jupiter Life Line Hospitals is not in talks to raise funds and will not require external capital for its new hospitals, Ankit Thakker said.
- The company plans to launch three hospitals soon and could see a modest increase in debt.
Stock Market Live: Former HPCL CMD Says Energy Security Remains Government Priority
Former HPCL CMD M.K. Surana said crude supply concerns could intensify if the US imposes tariffs under the Russia sanctions bill.
Surana said the law gives the US president authority to act, but markets do not expect immediate implementation. He added that estimating India’s actual crude oil cost remains difficult.
Stock Market Live: Defence Stocks Trade Mixed; Solar Industries Gains 1.8%
- Solar Industries rose 1.81%, while Unimech Aerospace and Data Patterns gained 1.58% and 1.52%, respectively.
- Bharat Dynamics fell 2.49%, while MTAR Technologies and Cyient DLM declined 2% and 1.66%, respectively.
Stock Market Live: ICICI Securities Picks Oil India, ONGC In Energy Sector
ICICI Securities’ Probal Sen said uncertainty around oil marketing companies could continue until the war ends.
Sen identified Oil India and ONGC as his top picks in the oil and energy sector, adding that energy security remains a priority for the Indian government.
Stock Market Live: Puravankara Plans 2,200-Unit Kerala Project
Puravankara plans to launch a project with about 2,200 units in Kerala, Mallanna Sasalu said. The company has a presence in Chennai and Kochi.
Pre-sales at its new Bengaluru project stand at Rs 1,000 crore. The project is expected to be completed in the next two-and-a-half years.
Stock Market Live: Kaynes Semiconductor To Start New Unit Production In December
Kaynes Semiconductor’s Raghu Panicker said low-volume production has begun, with full production scheduled to start in December. The unit can produce 1.2 billion devices annually.
Panicker expects 80–90% of the semiconductor capacity to be utilised soon. The products can be used in industrial air conditioners and washing machines.
Stock Market Live: Nifty, Sensex Trade Higher
The Nifty 50 rose 19.65 points, or 0.08%, to 23,366.05. The Sensex gained 339.14 points, or 0.46%, to 74,634.10.
Stock Market Live: NaBFID Plans To Raise $1.5 Billion Through Overseas Bonds: Report
NaBFID plans to raise $500 million through a 10-year overseas bond and is in talks for a $1 billion bond backed by the Multilateral Investment Guarantee Agency with a 15-year maturity, The Economic Times reported.
The development finance institution plans to use the funds for long-term infrastructure financing, the report said.
Stock Market Live: Premier Energies Commissions 7 GW Solar Cell Unit
- Premier Energies commissioned a 7 GW solar cell manufacturing facility in Andhra Pradesh, increasing its total solar cell capacity to 10.6 GW.
- The 101-acre facility was developed with an investment of Rs 3,293 crore, according to an exchange filing.
Stock Market Live: Biocon Arm Gets European Panel Nod For Pertuzumab Biosimilar
- Biocon’s subsidiary received a positive opinion from the European Medicines Agency’s Committee for Medicinal Products for Human Use for its pertuzumab biosimilar.
- The breast cancer treatment will be marketed as Pebrilzo, according to an exchange filing.
Stock Market Live: Manika Plastech Lists Flat At Rs 43
Manika Plastech discovered its listing price at Rs 43 on the NSE and BSE, unchanged from its issue price.
Stock Market Live: SAIL Raises Prices By 3–5% From September 19
SAIL raised blended product prices by 3–5%, effective September 19, according to NDTV Profit’s channel checks. Prices of 8 mm and 10 mm products increased by Rs 1,000–3,000 per tonne.
SAIL shares traded 0.41% higher at Rs 178.05 after touching an intraday high of Rs 179.80.
Stock Market Live: Lenskart Falls 2% After Block Trade
Lenskart shares fell 2.09% to Rs 692.45 after 3.53 crore shares changed hands in a block trade, representing 2% of the company’s equity.
The stock traded between Rs 683 and Rs 698.30 during the session.
Stock Market Live: Jewellery Stocks Trade Mixed; Goldiam Gains 1.6%
- Goldiam rose 1.55%, while KDDL and Kalyan Jewellers gained 0.68% and 0.53%, respectively.
- Thangamayil Jewellery fell 1.24%, while PC Jeweller and Vaibhav Global declined 0.55% and 0.29%, respectively.
Stock Market Live: IT Stocks Fall; Oracle Financial Services Drops 3.1%
Oracle Financial Services Software fell 3.13%, while Coforge and Wipro declined 2.61% and 2.06%, respectively. Newgen Software and Infosys lost 1.78% and 1.76%.
Tata Elxsi rose 0.32%, while Latent View Analytics gained 0.08%.
Stock Market Live: Reliance, ICICI Bank Support Nifty 50
- Reliance Industries added 22.91 points to the Nifty 50, followed by ICICI Bank at 13.75 points and HDFC Bank at 11.23 points.
- Bharti Airtel was the largest drag, pulling the index down by 27.15 points. Adani Ports and Infosys reduced it by 9.25 points and 6.49 points, respectively.
Stock Market Live: Nifty Realty Jumps Nearly 1%, IT Falls Most
- Nifty Realty rose 0.98%, while Nifty Auto and Nifty Metal gained 0.69% and 0.50%, respectively.
- Nifty IT fell 0.41%, followed by Nifty PSU Bank at 0.23% and Nifty Rural at 0.12%.
Stock Market Live: Nifty Opens Flat, Sensex Rises 0.4%
The Nifty 50 fell 2.80 points, or 0.01%, to 23,343.60 at the opening bell. The Sensex rose 260.69 points, or 0.35%, to 74,555.65.
Stock Market Live: HAL, Polycab, IndiGo Among Key Brokerage Calls Today
Several large-cap stocks enter the session with fresh brokerage commentary on execution, demand, competition and growth.
Hindustan Aeronautics has Buy or Outperform ratings from Goldman Sachs, Citi and CLSA, while Morgan Stanley retains an Overweight rating on Polycab India. Jefferies maintains Buy ratings on IndiGo, Grasim Industries, Titagarh Rail Systems and JSW Infrastructure.
Stock Market Live: Kaynes, CG Power In Focus On India Semiconductor Push
Indian semiconductor companies are in focus after JPMorgan highlighted developments around domestic chip production and the potential expansion of OSAT capacity.
JPMorgan said Kaynes is planning a $1 billion OSAT investment under ISM 2.0, while Kaynes, CG Power, Micron, CDIL and Suchi Semicon are exporting chips and supplying them domestically. The brokerage said clients are booking chips amid high demand, with companies focused on ramping up production.
Stock Market Live: JSW Infrastructure Gets Rs 395 Target From Jefferies
Jefferies has maintained its Buy rating on JSW Infrastructure, citing planned capacity additions across ports and logistics.
Jefferies
• Rating: Buy
• Target price: Rs 395
• Management reiterated its target to double EBITDA over FY26-28E.
• Growth is expected to be led by ports and logistics capacity additions.
• Capacity addition targeted at 61% in FY27 versus FY26.
• The company targets a 2.2x capacity increase over FY26-30 to 400 MTPA by FY30E.
• Logistics expansion is gaining traction through terminal and rake additions.
• Jefferies sees 25% FY26-30E EBITDA CAGR visibility.
Stock Market Live: Jefferies Sees 18% August RevPAR Growth For Hotels
Jefferies has highlighted stronger hotel industry operating trends, with August RevPAR growth supported by rates and occupancy.
Jefferies
• Hotel industry RevPAR rose 18% in August.
• Growth was driven by stronger rates and occupancy.
• Metro markets outperformed leisure destinations in August.
• September demand has been supported by large MICE events.
• Jefferies expects a strong finish to the second quarter of FY27.
• Hotels in its coverage universe are expected to deliver EBITDA CAGR of around 12-19% over FY26-29E.
Stock Market Live: Jefferies Maintains Buy On Titagarh Rail At Rs 990
Jefferies expects Titagarh Rail Systems to benefit from passenger rail expansion and higher execution.
Jefferies
• Rating: Buy
• Target price: Rs 990
• Management remains confident of scaling the passenger rail business over FY26-30E.
• Growth is expected to be driven by the order book, execution pickup and railway modernisation plans.
• Freight Rail Services should remain steady, with potential order inflows in FY27E.
• The recent MoU with Siemens supports opportunities in international metro stock.
• Jefferies estimates 44% FY26-30 EPS CAGR led by the passenger rail order book.
Stock Market Live: Nifty Trades Lower, Sensex Gains 0.3% In Pre-Market
The Nifty 50 fell 15.95 points, or 0.07%, to 23,330.45. The Sensex rose 241.83 points, or 0.33%, to 74,356.79.
Stock Market Live: Jefferies Maintains Buy On Grasim At Rs 3,910
Jefferies has retained its Buy rating on Grasim after discussions at the Jefferies India Forum 2026.
Jefferies
• Rating: Buy
• Target price: Rs 3,910
• Opus Paints targets more than 50% growth in FY27.
• The paint business targets profitability by the end of FY28.
• VSF profitability is supported by healthy industry demand.
• Birla Pivot targets EBITDA breakeven by the end of FY27.
• The renewable business is scaling rapidly.
• Net debt-to-EBITDA is targeted below 2x.
Stock Market Live: JPMorgan Flags Kaynes' Potential $1 Billion OSAT Plan
JPMorgan has highlighted potential capacity expansion in India's semiconductor manufacturing ecosystem following the India Semiconductor event.
JPMorgan
• Kaynes is planning a $1 billion OSAT investment under ISM 2.0.
• The proposed investment would be three times its ISM 1.0 commitment.
• JPMorgan flagged a potential announcement from Kaynes on its OSAT application.
• Kaynes, CG Power, Micron, CDIL and Suchi Semicon are exporting chips and supplying them domestically.
• Chips are being booked by clients amid high demand.
• The focus remains on ramping up production.
Stock Market Live: CLSA Rates Nestle India Outperform After FSSAI Action
CLSA has retained an Outperform rating on Nestle India while highlighting regulatory action involving infant nutrition products.
CLSA
• Rating: Outperform
• FSSAI has initiated regulatory action concerning infant nutrition products.
• Claims related to HMOs and digestibility are under scrutiny.
• Three separate adjudication cases have been filed against the company.
• Milk products and nutrition contribute one-third of sales.
• The nutrition segment contributes a higher share of profitability.
Stock Market Live: UBS Keeps Buy On Shaily Engineering Plastics At Rs 4,500
UBS expects Shaily Engineering Plastics to benefit from Sandoz's approval to launch generic semaglutide in Canada.
UBS
• Rating: Buy
• Target price: Rs 4,500
• Sandoz received approval to launch generic semaglutide in Canada.
• The product will be launched in three strength doses through a pen format.
• The development is positive for Shaily given its dominant share of the Canadian pen market.
• UBS estimates 40 million pens versus guidance of 36 million.
Stock Market Live: Morgan Stanley Maintains Overweight On Polycab At Rs 10,545
Morgan Stanley expects Polycab's distribution network and scale to remain important as new competition enters the cable market.
Morgan Stanley
• Rating: Overweight
• Target price: Rs 10,545
• Polycab is preparing for the entry of new cable brand Ultravolt.
• The brokerage expects a larger impact on smaller unorganised players.
• Around 30-35% of wires remain unorganised versus around 10% in cables.
• Ultravolt's initial capex of around Rs 18 billion is modest relative to Polycab's existing scale.
• Polycab has around 10,000 cable SKUs.
• Distribution and supply chain remain key strengths, with the ability to service customers within around 24 hours.
Stock Market Live: HSBC Maintains Buy On UltraTech Cement At Rs 14,200
HSBC expects UltraTech Cement's volume growth and profitability to remain supported by its scale and pricing.
HSBC
• Rating: Buy
• Target price: Rs 14,200
• Industry-leading profitability and volume growth are expected to continue.
• Cement price increases in September are likely to offset the variable cost increase.
• HSBC disagrees with concerns around profitability versus market share.
• India presence, size and scale should support valuation premiums.
• One-year forward EV/EBITDA has declined from 26x at its peak to 13.7x currently.
• UltraTech has consistently grown faster than the industry, and HSBC expects this trend to continue.
Stock Market Live: Jefferies Maintains Buy On IndiGo At Rs 5,840
Jefferies expects IndiGo's near-term industry environment to remain focused on profitability, while retaining its positive view on the airline.
Jefferies
• Rating: Buy
• Target price: Rs 5,840
• Management highlighted near-term industry rationalisation.
• Airlines are prioritising profitability over growth amid elevated costs.
• Pricing and yields remain strong.
• Capacity growth is expected to remain flattish year on year in the second quarter.
• PRASK guidance of around 25% remains unchanged.
• Management sees recent fare hikes as partly sticky.
• Cost actions and the management transition remain on track.
• Strong balance sheet supports IndiGo's FY30 growth ambitions.
Stock Market Live: Rupee Opens 6 Paise Higher At 95.81 Against Dollar
The rupee opened at 95.81 against the US dollar, compared with Friday’s close of 95.87.
Stock Market Live: UBS Maintains Buy On HDFC Bank, Sets Rs 1,000 Target
UBS expects leadership clarity and improving loan growth to remain key factors for HDFC Bank.
UBS
• Rating: Buy
• Target price: Rs 1,000
• CEO names have already been submitted to RBI, with clarity expected soon.
• Loan growth showed early recovery at 15.6% in Q1FY27.
• Loan growth is expected to improve towards 15% over FY27-29E.
• Margins are expected to improve towards 3.5%, aided by a shift towards retail loans.
• RoA is seen improving to 1.9% in FY27/28E.
• Deposit CAGR is forecast at 15.5% over FY26-28E.
• 42% of branches are less than five years old.
Stock Market Live: JPMorgan Maintains Overweight On Tata Capital At Rs 395
JPMorgan has retained its positive stance on Tata Capital, highlighting NIM improvement and maintaining its growth outlook.
JPMorgan
• Rating: Overweight
• Target price: Rs 395
• NIM improvement remains a key strategic priority.
• Growth guidance remains intact at 23-25%.
• Asset quality remains benign despite macro headwinds.
• Flexi-book remains in focus, with net exposure below 5%.
• FCNR impact is nuanced.
Stock Market Live: UBS Initiates Buy On Pine Labs, Sets Rs 250 Target
MOSL has initiated coverage on Pine Labs with a Buy rating and a target price of Rs 250, focusing on the company's expanding monetisation opportunities.
Motilal Oswal Securities
• Rating: Buy
• Target price: Rs 250
• DITP is expected to remain the key earnings engine, with monetisation driving growth.
• Merchant expansion is expected to shift towards the long tail.
• Affordability is expected to emerge as a key monetisation engine.
• IAP is expected to develop into a recurring revenue stream.
Stock Market Live: Brokerages Back Hindustan Aeronautics On Better Execution
Goldman Sachs
• Rating: Buy
• Target price: Rs 5,870
• Platform deliveries are improving across aircraft and helicopters.
• Manufacturing activity is beginning to pick up across platforms.
• Engine availability for the LCA Mk1A programme is improving as supply constraints ease.
• Focus is shifting towards execution and conversion.
Citi
• Rating: Buy
• Target price: Rs 6,175
• Execution is broadening across platforms.
• Multiple handovers demonstrate improving breadth of execution.
• Dhruv NG execution is progressing well and establishes a civil reference.
• HTT-40 creates another scalable production stream despite execution delays.
CLSA
• Rating: Outperform
• Target price: Rs 5,481
• Expects the second half to be stronger for HAL.
• HAL has received 10 GE F404-IN20 engines and expects to deliver 10 Tejas Mk-1A aircraft by March.
• GE has committed to supplying another 12 engines by December.
• HAL highlighted US$27 billion of business visibility.
Stock Market Live: Sakar Healthcare Price Band Raised To 20%
- Sakar Healthcare will trade under a wider price band following an exchange revision.
- The company's price band has been changed from 10% to 20%.
Stock Market Live: HLE Glascoat Price Band Cut To 5%
- HLE Glascoat will trade under a narrower price band following a revision.
- The company's price band has been changed from 10% to 5%.
Stock Market Live: Dolphin Offshore, Max Estates Excluded From ASM
Dolphin Offshore Enterprises and Max Estates have been removed from the ASM framework.
Stock Market Live: Tata Chemicals Added To Short-Term ASM Framework
- Tata Chemicals has been shortlisted under the short-term Additional Surveillance Measure framework.
- Tata Chemicals has been added to the list of securities shortlisted under the short-term ASM framework.
Stock Market Live: SAIL Reports FY27 Steel Production Data
- SAIL has disclosed its FY27 production and sales data in an investor presentation.
- Crude steel production stood at 4.757 MT, hot metal production at 5.051 MT and saleable steel production at 4.516 MT.
Stock Market Live: Avenue Supermarts Store Count Rises To 512
- Avenue Supermarts has expanded its retail network with two new stores.
- DMart opened two stores in Madhya Pradesh and Punjab over the weekend, taking its total store count to 512.
Stock Market Live: Utkarsh Small Finance Bank Names New CFO
- Utkarsh Small Finance Bank has appointed a new chief financial officer with experience across financial institutions.
- The bank appointed Manmohan Shetty as CFO. Shetty has previously worked with Lehman Brothers, Barclays and Viksit Capital.
Stock Market Live: Orient Cement CFO Resigns With Immediate Effect
- Orient Cement has announced a change in its senior finance leadership.
- CFO Kajal Saxena resigned with immediate effect, citing career opportunities outside the company.
Stock Market Live: CRISIL Outlook Cut To Negative From Stable
- CRISIL has retained its 'A' long-term rating while changing its credit outlook.
- CRISIL reaffirmed its 'A' long-term rating and revised the outlook to Negative from Stable.
Stock Market Live: Gopal Snacks Reappoints Chairman And MD For Five Years
- Gopal Snacks has extended the tenure of its chairman and managing director while receiving a revised credit outlook.
- The company reappointed Bipinbhai Vithalbhai Hadvani as Chairman and Managing Director for a further five years. CRISIL reaffirmed its 'A' rating but revised the outlook to Negative from Stable.
Stock Market Live: Concord Biotech Board To Consider Bonus Issue
- Concord Biotech has put a potential bonus issue on its board agenda.
- The board will consider a bonus issue on Wednesday.
Stock Market Live: Himadri Speciality Chemical To Consider Demerger Scheme
- Himadri Speciality Chemical has scheduled a board meeting to consider a proposed business restructuring.
- The board will consider and approve a scheme of arrangement for the demerger of Dalmia Bharat Refractories' tyre business into Himadri Speciality Chemical on September 21.
Stock Market Live: ICICI Prudential Life To Change Name To ICICI Life
- ICICI Prudential Life Insurance has received board approval for a change in its corporate name.
- The board approved changing the company's name to ICICI Life Insurance.
Stock Market Live: Rays Of Belief Arm Acquires City Pro Group For $2 Million
Rays of Belief has completed an overseas acquisition through its wholly owned subsidiary.
Mom's Belief US Inc acquired 100% of the equity shareholding of City Pro Group Inc for an aggregate consideration of $2 million.
Stock Market Live: Apollo Pipes Arm Buys 76% Stake In Mazzini Tiles
- Apollo Pipes has entered the ceramic tiles sector through an acquisition by its subsidiary.
- Apollo Ceramics acquired a 76% stake in Mazzini Tiles for Rs 40.4 crore, marking its entry into the ceramic tiles sector.
Stock Market Live: Electrosteel Castings Buys 70% Oman Water Tech Stake
- Electrosteel Castings has expanded overseas through an acquisition in the water technology segment.
- The company acquired a 70% stake in Oman-based Arabian Water Tech LLC for OMR 21,000, making the entity a subsidiary.
Stock Market Live: India Pesticides Gets Overseas Approvals For Products
- India Pesticides has received regulatory clearances for products in international markets.
- The company received technical equivalence approval for one insecticide in the UK and registration for one herbicide in Argentina.
Stock Market Live: NTPC Green Energy Adds Kutch Project Capacity
- NTPC Green Energy has commissioned another phase of its renewable project in Gujarat.
- The third phase of the subsidiary's Kutch renewable project has commenced commercial operations with commissioned capacity at 9.45 MW. Total installed capacity of the NTPC Green Energy Group will increase to 10,920.53 MW.
Stock Market Live: NTPC Starts 68.2 MW Gujarat Solar Project Phase
- NTPC has commissioned another phase of its renewable energy capacity in Gujarat.
- The company commissioned the third phase of its Dahod solar PV project in Gujarat with a capacity of 68.2 MW.
Stock Market Live: Refex Industries Gets Rs 160 Crore Ash Handling Order
- Refex Industries has secured a fresh order from a public sector undertaking in Madhya Pradesh.
- The company received an order worth Rs 160 crore for lifting pond ash and fly ash.
Stock Market Live: Tega Industries Wins Rs 126 Crore Kalpataru Projects Order
- Tega Industries has secured a new order from Kalpataru Projects International.
- The company received an order worth Rs 126 crore covering the design, engineering and supply of equipment.
Stock Market Live: HEG Advanced Arm Wins Rs 218 Crore Indus Towers Orders
- HEG Advanced's subsidiary has secured fresh orders from Indus Towers.
- The company's arm Replus Engitech received orders worth Rs 218 crore from Indus Towers to supply lithium-ion battery banks.
Stock Market Live: Nibe Signs Naval Shipbuilding Pact With Naval Group
- Nibe has entered a partnership focused on naval shipbuilding capabilities.
- The company signed a pact with Naval Group for naval shipbuilding capabilities.
Stock Market Live: Mazagon Dock Signs Shipbuilding MoU In Andhra Pradesh
- Mazagon Dock Shipbuilders has entered an agreement linked to shipbuilding capabilities in Andhra Pradesh.
- The company signed an MoU with NSHIPAP to participate as an anchor shipyard in the National Shipbuilding & Heavy Industries Park in Andhra Pradesh.
Stock Market Live: Stallion India Enters Semiconductor And Specialty Gases
- Stallion India Fluorochemicals has started commercial operations in a new segment.
- The company has entered the semiconductor and specialty gases segment and commenced commercial operations at its Khalapur, Maharashtra facility.
Stock Market Live: Advait Energy Signs Hithium Supply Deal For Battery Cells
- Advait Energy Transitions has entered a supply agreement that expands its exposure to battery storage infrastructure.
- The company signed a master supply agreement with Hithium for lithium iron phosphate cells, supporting offtake of up to 1 GWh over the next year.
Stock Market Live: Coforge Launches AI Methodology For Enterprise Projects
- Coforge has announced new AI capabilities targeting enterprise implementation and automotive finance applications.
- The company launched a methodology aimed at improving enterprise success rates in AI implementation and expanded capabilities for automotive lenders, fleet operators and remarketing organisations.
Stock Market Live: Kalyan Jewellers Invests Rs 350 Crore In Candere
- Kalyan Jewellers has infused fresh capital into its subsidiary Candere Lifestyle Jewellery.
- The company invested Rs 350 crore in Candere Lifestyle Jewellery through a rights issue.
Stock Market Live: L&T Finance Allots Rs 650 Crore NCDs
- L&T Finance has completed a debt issuance through private placement.
- The company allotted 65,000 non-convertible debentures worth Rs 650 crore on a private placement basis.
Stock Market Live: Canara Bank Raises Rs 2,042 Crore Through Tier-I Bonds
- Canara Bank has raised fresh capital through Tier-I bonds, adding to its funding activity.
- The bank raised Rs 2,042 crore through Tier-I bonds on September 18.
Stock Market Live: Federal Bank Sets Up $500 Million Note Programme
The bank established a $500 million Medium-Term Note Programme.
Stock Market Live: Embassy Developments Approves Rs 160 Crore NCD Raise
- Embassy Developments has received board approval for a fresh debt raise.
- The board approved raising up to Rs 160 crore through non-convertible debentures on a private placement basis.
Stock Market Live: Spectrum Electrical To Invest Rs 287 Crore In Money Markets
- Spectrum Electrical Industries has approved deployment of unused preferential issue proceeds into money market instruments.
- The company approved investment of up to Rs 287 crore in various money market instruments using unutilised proceeds from its preferential issue.
Stock Market Live: Vip Industries Plans Rs 500 Crore FY27 Fund Raise
- VIP Industries has outlined plans to raise funds during FY27 through multiple routes.
- The company plans to raise Rs 500 crore in FY27 through equity, debt and other sources.
Stock Market Live: Anupam Rasayan To Raise Rs 160 Crore From Aditya Birla Capital
- Anupam Rasayan is planning to raise funds through debentures, bringing a fresh financing event into focus.
- The company will raise Rs 160 crore from Aditya Birla Capital through debentures.
Stock Market Live: Tata Steel Court Order Restricts Use Of Rs 2,970 Crore Fund
- Tata Steel faces restrictions on the use of a Rs 2,970 crore fund following a High Court order.
- The High Court disposed of an interim application seeking an injunction on JPC using the Rs 2,970 crore fund and said the fund cannot be utilised or disbursed to third parties.
Stock Market Live: Adani Power Denies Report Of 51% Jaiprakash Power Stake
Jaiprakash Power Ventures has reached an agreement with NARCL to settle claims linked to insolvency proceedings.
The company will pay Rs 511 crore as a full and final settlement, after which the IBC proceedings will be withdrawn.
Stock Market Live: GR Infra Bags Rs 4,263 Crore Agra-Gwalior Project
- GR Infra has secured a major road construction project, adding a Rs 4,263 crore project to its order book.
- The company will build the Agra-Gwalior road under a project with a stated cost of Rs 4,263 crore.
Stock Market Live: Welspun Enterprises Wins Rs 351 Crore Sewer Projects
- Welspun Enterprises has received two project awards from the Ahmedabad Municipal Corporation.
- The company received Letters of Award worth Rs 351.2 crore for two sewer rehabilitation projects.
Stock Market Live: Knowledge Marine Wins Rs 279 Crore Mumbai Port Order
- Knowledge Marine & Engineering Works has secured a large port infrastructure order involving a battery-operated vessel.
- The company received an order worth Rs 279 crore from Mumbai Port Authority for chartering a new battery-operated electric green tug.
Stock Market Live: JSW Energy Wins Interest During Construction Claim
- JSW Energy has secured a favourable ruling in a regulatory dispute over its interest during construction claim.
- APTEL has set aside an earlier CERC order and allowed the company's IDC claim, which CERC had previously rejected.
Stock Market Live: Persistent Sets October Vote On Nagarro Funding Plan
Persistent Systems has moved closer to its proposed Nagarro acquisition, with shareholders set to consider a fresh equity raise in October.
The company said an EGM will be held in October 2026 to approve an equity raise of up to USD 450 million, while combined equity and borrowings will be capped at USD 1,250 million. The initial acceptance period ended on September 17, with the minimum acceptance threshold of 50% plus one share met.
Stock Market Live: RVNL Wins Rs 404 Crore East Coast Railway Order
- RVNL has secured a fresh railway order, adding to its order pipeline as the company expands its work across railway infrastructure.
- RVNL received an order worth Rs 404 crore from East Coast Railway for works on the Bhadrak–Vizianagaram section.
Stock Market Live: JLR Seeks $1.3 Billion Five-Year Loan
Jaguar Land Rover has begun talks with global banks for a five-year loan of about $1.3 billion, The Economic Times reported.
Some lenders have sought clarity on N Chandrasekaran’s leadership at Tata Sons, though JLR said developments at its parent group do not directly affect its operations.
Stock Market Live: US, China Agree To Set Up AI Dialogue
US Treasury Secretary Scott Bessent described talks with Chinese officials on artificial intelligence, trade and investment as “very successful”, Bloomberg reported.
The two sides agreed to establish a US-China dialogue on AI to discuss shared goals and threats. Officials are also preparing for a meeting between the US and Chinese presidents on Thursday.
Stock Market Live: Brent Crude Holds Near $104 A Barrel
- Brent crude traded near $104 a barrel after declining for three consecutive sessions, while West Texas Intermediate remained below $100.
- Markets assessed supply risks from the US-Iran conflict alongside diplomatic efforts to end the fighting.
Stock Market Live: US Stock Futures Rise After Dow’s Third Weekly Loss
- S&P 500 futures gained 0.23%, while Nasdaq-100 futures rose 0.27% and Dow futures added 0.25%.
- The gains followed a third consecutive weekly decline for the Dow Jones Industrial Average.
Stock Market Live: Asian Markets Rise As US-China Trade Talks Remain In Focus
Japan’s Nikkei 225 rose 1.38%, while South Korea’s Kospi advanced 0.97%. Australia’s S&P/ASX 200 declined 0.16%, while China’s Shanghai Composite was little changed.
Investors tracked higher US equity futures and the outlook for US-China trade ahead of a planned summit later this week.
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