Stock Market Live: GIFT Nifty Points To Muted Open For Nifty, Sensex; Nikkei Rises, Gold Nears $4,600
Gift Nifty traded at 24,255 on Friday morning, indicating that the NSE Nifty 50 could open about 20 points lower after Indian equities ended Thursday's session in the red.
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Gift Nifty traded at 24,255 on Friday morning, indicating that the NSE Nifty 50 could open about 20 points lower after Indian equities ended Thursday's session in the red.
The Sensex and Nifty 50 declined in the previous session, dragged down by weakness in metal, banking and cement stocks.
The BSE Sensex closed 0.7% lower at 76,933.59, while the Nifty 50 fell 0.48% to end at 24,090.85.
HDFC Bank and NTPC were among the biggest losers on the BSE, while Kotak Mahindra Bank and ICICI Bank were among the gainers.
The focus on Friday will remain on global market cues, particularly movements in Asian equities, U.S. stock futures, gold prices and comments from Federal Reserve Chairman Kevin Warsh on the outlook for U.S. interest rates.
Asian stock markets traded mixed in early trading. Japan's Nikkei 225 rose 0.41%, while Australia's S&P/ASX 200 gained 0.28%. South Korea's Kospi declined 0.60%.
The mixed session followed a rebound in U.S. technology stocks. The technology sector, the S&P 500 and the Nasdaq Composite recorded their strongest sessions since Aug. 4.
U.S. stock futures edged lower overnight as investors tracked corporate earnings and awaited Warsh's address. S&P 500 futures fell 0.1%, Nasdaq 100 futures declined 0.2%, while Dow Jones Industrial Average futures slipped 28 points.
Gold remained close to $4,600 an ounce as markets assessed the likely path of U.S. interest rates ahead of the Fed chairman's speech. Bullion was broadly steady after rising 0.2% in the previous session and remained on track for its strongest monthly advance since 1999.
Stock Market Live: HSBC Initiates Manipal Health With Rs 1,000 Target
HSBC initiated coverage of Manipal Health, citing potential gains from scale and profitability.
HSBC
• Rating: Initiate Buy
• Target price: Rs 1,000
• Key reason: The brokerage expects profitability to improve following the company's expansion in bed capacity.
HSBC expects PAT to grow threefold over FY26-29.
Stock Market Live: Jefferies Starts SBI FM At Buy With Rs 710 Target
Jefferies initiated coverage of SBI FM with a positive rating.
Jefferies
• Rating: Initiate Buy
• Target price: Rs 710
• Key reason: The brokerage cited the company's distribution network, association with India's largest PSU bank and presence in faster-growing lower-tier markets.
Jefferies expects 15% OPAT CAGR through FY29.
Stock Market Live: Power Grid Equipment Stocks Get Macquarie Tailwind
Macquarie said Indian grid equipment companies could benefit from export opportunities linked to the US market.
The brokerage said GE Vernova T&D, Hitachi Energy, Siemens Energy and CG Power could benefit.
Macquarie said Indian companies could potentially increase exports to the US as several companies expand capacity.
Stock Market Live: ICICI AMC Stake Sale Sees 98.85 Lakh Shares Change Hands
A large block transaction took place in ICICI Asset Management Company.
Prudential Corporation Holdings sold 98.85 lakh shares at Rs 3,065.47 per share.
Stock Market Live: Apollo Tyres Sees Major Institutional Block Deal
Apollo Tyres recorded a large institutional transaction involving both a major seller and several financial investors.
Emerald Sage Investment sold 2.70 crore shares at Rs 435 per share.
ICICI Prudential Mutual Fund bought 1.91 crore shares.
SBI Life Insurance bought 56.32 lakh shares.
Bajaj Life Insurance bought 22.98 lakh shares.
Stock Market Live: Max Estates To Consider Preferential Equity Issue
- Max Estates has scheduled a board meeting to consider a potential equity issuance.
- The company will consider approving the issue of equity shares through a preferential issue.
Stock Market Live: LIC Subscribes To Rs 5,000 Crore Bajaj Finance NCD Issue
- LIC has made a large investment in Bajaj Finance's debt securities.
- LIC subscribed to Bajaj Finance's Rs 5,000 crore NCD issue.
Stock Market Live: ICICI Bank Completes USD 1 Billion Senior Notes Issue
- ICICI Bank has completed an overseas debt issuance under its global medium-term note programme.
- The bank completed the issuance of USD 1 billion senior notes.
- The notes were issued under its USD 7.5 billion GMTN programme.
Stock Market Live: Bajaj Auto Target Price Raised To Rs 13,466 By CLSA
CLSA raised its target price on Bajaj Auto while maintaining its positive rating.
CLSA
• Rating: Maintain Outperform
• Target price: Rs 13,466, raised from Rs 12,068
• Key reason: The brokerage expects the diversified portfolio to support growth and cited EBITDA margin execution and a weaker rupee as factors.
Stock Market Live: AdaniConneX Acquires Chandenvalle Infra Park For Rs 536 Crore
- Adani Enterprises' data centre joint venture has completed an acquisition within the group.
- AdaniConneX acquired a 100% stake in Chandenvalle Infra Park from Adani Power for Rs 536 crore.
Stock Market Live: Hindustan Copper Board To Consider QIP And Rs 500 Crore Fund Raise
Hindustan Copper's board meeting could bring a fresh capital-raising proposal into focus.
The board will consider a QIP of up to 9.7 crore shares.
It will also consider raising up to Rs 500 crore through NCDs and other instruments.
The board meeting is scheduled for Sept. 23.
Stock Market Live: HDFC Bank CEO Tenure Uncertainty Remains, Says Macquarie
Macquarie said uncertainty over HDFC Bank's chief executive could remain a key factor for the stock.
Macquarie
• Rating: Maintain Outperform
• Target price: Rs 1,150
• Key reason: CEO tenure is slated to expire on Oct. 26, 2026, with Macquarie seeing either a shorter extension or a full three-year term as possible outcomes.
The brokerage said future performance will depend on improvement in fundamentals.
Stock Market Live: Nifty Futures Fall 0.67% Despite 176-Point Premium
Nifty futures are indicating a weaker start for the cash market while continuing to trade at a premium to the underlying index.
Nifty September futures are down 0.67% at 24,266.
The futures are trading at a premium of 176 points.
Stock Market Live: Tejas Networks Gets Rs 1,537 Crore TCS Letter Of Intent
Tejas Networks has secured a major order-related development that could drive investor attention.
The company received a Rs 1,537 crore Letter of Intent from TCS for the supply of RAN equipment.
Stock Market Live: Great Eastern Shipping Approves Rs 900 Crore Buyback
Great Eastern Shipping's board has approved a share buyback of up to Rs 900 crore.
The company will buy back shares at up to Rs 1,530 per share.
The buyback size is up to 58.8 lakh shares, representing 4.12% of the company's equity.
Stock Market Live: Hero MotoCorp To Raise Ather Energy Stake For Rs 1,758 Crore
Hero MotoCorp's planned investment will increase its exposure to Ather Energy and is among the largest corporate transactions in the morning setup.
Hero MotoCorp will acquire an additional stake in Ather Energy for Rs 1,758 crore.
Its holding in Ather Energy will rise to 32.8% from 29.88%.
Stock Market Live: Gold Holds Near $4,600 Ahead Of Fed Chair’s Speech
Gold traded near $4,600 an ounce as investors awaited signals on US interest rates from the Federal Reserve chairman’s speech. Bullion was on course for its largest monthly gain since 1999 after rising 0.2% in the previous session.
Stock Market Live: US Stock Futures Edge Lower Ahead Of Warsh Address
S&P 500 futures fell 0.1%, while Nasdaq 100 futures declined 0.2%. Dow Jones futures slipped 28 points.
Investors tracked corporate earnings and awaited Warsh’s address.
Stock Market Live: Asian Markets Trade Mixed; Nikkei Gains 0.4%
Japan’s Nikkei 225 rose 0.41%, while Australia’s S&P/ASX 200 gained 0.28%.
South Korea’s Kospi declined 0.60%.
Stock Market Live: Sensex, Nifty Fall As Metal, Banking Stocks Weigh
The Sensex closed 0.70% lower at 76,933.59, while the Nifty 50 declined 0.48% to 24,090.85 in the previous session. Metal, banking and cement stocks led the losses.
Stock Market Live: GIFT Nifty Signals Lower Opening
GIFT Nifty traded at 24,255 on Friday morning, indicating that the Nifty 50 could open about 20 points lower. Indian equity benchmarks ended Thursday’s session in the red.
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