Stock Market Highlights: Nifty Ends Near 23,450, Sensex Closes Nearly 300 Points Higher
Nifty Metal rose 2.22%, while Nifty Realty, Nifty Private Bank and Nifty PSU Bank gained between 1.14% and 1.52%. Nifty IT fell 0.97%, while Nifty Media declined 0.47%.
The Nifty 50 settled 117.80 points, or 0.50%, higher at 23,446.80, gaining 15.45 points from its provisional close. The Sensex ended 297.68 points, or 0.40%, higher at 74,826.76, adding 32.15 points from the provisional close.
Asian stocks extended their gains on Wednesday. Japan's Nikkei 225 rose 1.38%, while South Korea's KOSPI advanced 1.15%. Australia's S&P/ASX 200 added 0.24%, while Shanghai was broadly unchanged.
The gains came after another positive session for US technology stocks. The Nasdaq 100 reached a record high for the first time since June, supported by gains in semiconductor shares. Lower oil prices also supported market sentiment as diplomatic efforts to end the US-Iran conflict showed signs of progress.
US equity futures were largely flat in late Tuesday trading. Dow Jones Industrial Average futures declined 14 points, or 0.03%. S&P 500 futures rose 0.02%, while Nasdaq-100 futures gained 0.1%.
On Tuesday, the Dow Jones Industrial Average fell 0.4%, while the Nasdaq Composite gained 0.5% for its fourth consecutive session of gains. The technology-heavy index finished at a record after reaching a new intraday high. The S&P 500 edged lower and was about 0.7% below its record closing level.
Oil prices continued to move lower. Brent crude approached $98 a barrel, extending its decline to a sixth consecutive session. The benchmark had lost more than 9% over that period. West Texas Intermediate for November delivery fell below $90.
Supply-restoration efforts have contributed to the decline in crude prices. Saudi Arabia is preparing to restart a key oil pipeline, while the US has said talks with Iran have made progress towards ending the conflict that has disrupted energy markets.
The decline in oil prices has reduced some concerns around the impact of higher energy costs on inflation. Investors remained focused on developments in discussions between the US and Iran.
Stock Market Wrap: Nifty, Sensex Extend Gains At Settlement
- The Nifty 50 settled 117.80 points, or 0.50%, higher at 23,446.80, gaining 15.45 points from its provisional close.
- The Sensex ended 297.68 points, or 0.40%, higher at 74,826.76, adding 32.15 points from the provisional close.
Stock Market Live: Nifty, Sensex End Higher At Provisional Close
- The Nifty 50 rose 102.35 points, or 0.44%, to 23,431.35 at the provisional close.
- The Sensex gained 265.53 points, or 0.36%, to 74,794.61.
Stock Market Live: Finance Ministry To Begin FY28 Pre-Budget Meetings On October 12
The Finance Ministry will begin pre-Budget consultations for FY28 on October 12, according to Bloomberg.
Stock Market Live: Elevate Campuses IPO Subscribed 0.11 Times On Day One
Elevate Campuses’ IPO was subscribed 0.11 times as of 2:48 pm on the first day of bidding. The non-institutional investor portion was subscribed 0.13 times, while the retail segment was booked 0.11 times and the qualified institutional buyer portion 0.10 times.
Stock Market Live: Goldman Sachs Sees Growth Beyond Benchmark Companies
Goldman Sachs told NDTV Profit that companies outside the Nifty are growing at about twice the pace of benchmark firms. It sees further growth for companies supporting artificial intelligence infrastructure.
The firm said demand continues to exceed supply across much of the AI ecosystem, while cash flow remains positive for AI enablers.
Stock Market Live: NSE Gets Approval To Trade On Metropolitan Stock Exchange
The NSE has received permission to trade on the Metropolitan Stock Exchange with effect from September 24.
Stock Market Live: Adroit Industries IPO Subscribed 3.29 Times On Day One
Adroit Industries’ IPO was subscribed 3.29 times as of 2:09 pm on the first day of bidding. The retail portion was subscribed 4.84 times, while the non-institutional investor segment was booked 4.07 times.
Stock Market Live: Varmora Granito IPO Subscribed 0.2 Times On Day Two
Varmora Granito’s IPO was subscribed 0.2 times as of 2:03 pm on the second day of bidding. The retail portion was subscribed 0.34 times, while the non-institutional investor segment was booked 0.11 times.
Stock Market Live: Nifty Metal Jumps 2.2%, IT Falls Nearly 1%
Nifty Metal rose 2.22%, while Nifty Realty, Nifty Private Bank and Nifty PSU Bank gained between 1.14% and 1.52%.
Nifty IT fell 0.97%, while Nifty Media declined 0.47%.
Stock Market Live: Nifty Rises 0.5%, Sensex Gains 354 Points
The Nifty 50 rose 119.15 points, or 0.51%, to 23,448.15. The Sensex gained 354.05 points, or 0.48%, to 74,883.13.
Stock Market Live: Canada Tribunal Rules In Favour Of Tega Industries Arm
A Canadian tribunal issued a finding in favour of Tega Industries’ subsidiary in an anti-dumping duty case.
The company expects the ruling to have a positive impact on its business, according to an exchange filing.
Stock Market Live: Canada Tribunal Rules In Favour Of Tega Industries Arm
A Canadian tribunal issued a finding in favour of Tega Industries’ subsidiary in an anti-dumping duty case.
The company expects the ruling to have a positive impact on its business, according to an exchange filing.
Stock Market Live: Awfis Space Plans To Add Up To 24,000 Seats This Year
Awfis Space Solutions expects occupancy to rise to 78% and plans to add 23,000–24,000 seats this year, the company told NDTV Profit.
The company expects its second-half performance to exceed the first half and is targeting an increase in seat realisations and EBITDA margins. It currently serves more than 100 global capability centre clients.
Stock Market Live: RITES Signs MoU With NHIDCL For Infrastructure Projects
RITES signed an agreement with the National Highways and Infrastructure Development Corporation for highway and infrastructure projects, according to an exchange filing.
Stock Market Live: Brent Crude Holds Flat At $99.23 A Barrel
Brent crude traded unchanged at $99.23 a barrel.
Stock Market Live: TCS Renews Jaguar Racing Title Partnership
Tata Consultancy Services renewed its title partnership with Jaguar TCS Racing and will become the team’s official artificial intelligence partner, according to an exchange filing.
Stock Market Live: Raymond Enters Aircraft Structures Segment
Raymond’s subsidiary emerged as the successful bidder for an Indian aerospace manufacturer’s tender covering wing assembly and centre fuselage structures for an indigenous fighter jet programme, according to an exchange filing.
Stock Market Live: Axis Bank Appoints Arvind Subramanian As Independent Director
Axis Bank appointed Arvind Subramanian as an additional independent director for four years, effective September 23, 2026, subject to shareholder approval.
His tenure will run until September 22, 2030.
Stock Market Live: Banks To Remain Open On September 27
Public sector banks and regional rural banks will remain open on Sunday, September 27, the Finance Ministry said.
The United Forum of Bank Unions had announced a three-day strike beginning September 28.
Stock Market Live: Airtel Money Files For London IPO
Airtel Money Commerce, part of Airtel Africa, filed for an initial public offering on the London Stock Exchange that could raise at least $800 million, Bloomberg reported. Existing investors will sell shares, while the International Finance Corporation has agreed to purchase $90 million worth of stock.
The company processed $213 billion in transactions in the 12 months through June and had about 53 million monthly active users. Pricing and issue details are expected in early October.
Stock Market Live: Iran Restores Half Of South Pars LNG Capacity
Iran has restored 50% of production capacity at the South Pars LNG facility following an air strike in March, Deputy Oil Minister Ahmad Zeraatkar said, according to Al Jazeera.
The remaining capacity is expected to resume operations in the coming weeks and before the onset of winter.
Stock Market Live: SS Retail Plans To Add 240 Stores In Two Years
SS Retail aims to add about 240 stores over the next two years as the company grows at more than 40% annually, the company told NDTV Profit.
The retailer operates through company-owned stores and company-owned, franchise-operated outlets. It expects debt to decline, while higher mobile phone prices could temporarily weigh on sales volumes.
Stock Market Live: Garware Hi-Tech Signs MoU With Lubrizol For TPU Film Solutions
- Garware Hi-Tech Films has signed a memorandum of understanding (MoU) with Lubrizol for advanced thermoplastic polyurethane (TPU)-based film solutions.
- The MoU covers the development and manufacturing of thermoplastic polyurethane technology in India.
Stock Market Live: Skipper Bags Rs 797 Crore Orders For Power Transmission And Distribution Projects
- Skipper has secured new orders worth Rs 797 crore for domestic and international power transmission and distribution (T&D) projects.
- The company disclosed the order wins in an exchange filing.
Stock Market Live: Domestic Air Passenger Traffic Falls 6.34% In August, IndiGo Maintains Market Leadership
-
India's domestic airlines carried 1.21 crore passengers in August, down 6.34% from a year earlier, according to DGCA data.
-
IndiGo retained the highest market share at 65%, carrying 78.87 lakh passengers. The Air India Group held a 26.7% market share with 32.32 lakh passengers, while Akasa Air had a 5.5% share after carrying 6.68 lakh passengers.
-
SpiceJet's market share slipped to 1.2%, with the airline carrying 1.40 lakh passengers during the month.
-
On on-time performance (OTP), IndiGo ranked first at 91%, followed by Akasa Air at 90.5% and the Air India Group at 83.9%.
-
Alliance Air reported an OTP of 71.8%, while SpiceJet's OTP stood at 17.9%.
Stock Market Live: Manufacturing PMI Rises To Seven-Month High In September
The HSBC India Manufacturing PMI rose to 55.7 in September from 52.8 in August, marking its highest level in seven months.
The Services PMI increased to 55.8 from 54.1, while the Composite PMI climbed to 56.5 from 54.3.
Stock Market Live: Domestic Air Passenger Traffic Falls 6.3% In August
India’s domestic air passenger traffic fell 6.34% to 1.21 crore in August, according to DGCA data. IndiGo retained the highest market share at 65%, carrying 78.87 lakh passengers, followed by the Air India group at 26.7% and Akasa Air at 5.5%.
IndiGo recorded the highest on-time performance at 91%, followed by Akasa Air at 90.5% and the Air India group at 83.9%. SpiceJet’s on-time performance stood at 17.9%.
Stock Market Live: Fitch Raises India’s FY27 Growth Forecast To 6.9%
Fitch Ratings raised India’s FY27 GDP growth forecast to 6.9% from 6.4%, citing the economy’s 7.8% expansion in the June quarter and resilience amid the US-Iran war, PTI reported.
The rating agency expects the RBI to raise the policy rate by 25 basis points to 5.5% in October, followed by another increase to 5.75% in early 2027.
Stock Market Live: NCLT Stays Approval Of Zee Entertainment Chandra Resolution Plan
The National Company Law Tribunal issued notice to the CBI and stayed the order approving the insolvency resolution plan involving Zee Entertainment’s Subhash Chandra until its final ruling, Informist reported.
LIC Housing Finance is among the lenders in the case. The CBI had registered an FIR against Chandra in connection with an alleged LIC Housing Finance fraud.
Stock Market Live: Sitharaman Flags Transfer Pricing Costs For Developing Nations
Finance Minister Nirmala Sitharaman said India’s faceless assessments, real-time invoice authentication and AI-enabled taxpayer assistance had drawn interest from BRICS nations.
Speaking at the BRICS Tax Heads Meeting in New Delhi, Sitharaman said transfer pricing disputes imposed costs on developing countries. She added that BRICS working groups provide a platform to address tax administration and revenue framework issues.
Stock Market Live: Westlife Foodworld Plans 2–3% Price Increase
Westlife Foodworld CEO Akshay Jatia said the company plans to raise prices by 2–3% this year to offset inflation. Same-store sales growth could remain around 4%.
The company aims to reach revenue of Rs 4,000 crore and sees growth opportunities in southern India.
Stock Market Live: Kamat Hotels Sees Festive Demand Supporting Occupancy
Kamat Hotels Executive Director Vishal Kamat said the company is focusing on same-store performance and higher occupancy as demand improves ahead of the festive season.
Kamat said the company aims to maintain margins through internal measures and offer some luxury at lower prices. He added that price increases linked to the war cannot be fully avoided.
Stock Market Live: SS Retail Lists At 50% Premium
SS Retail discovered its listing price at Rs 624 on the NSE and Rs 639.10 on the BSE, against its issue price of Rs 424. The shares listed at a premium of about 50% on both exchanges.
Stock Market Live: Jindal Supreme Lists At Up To 31% Premium
Jindal Supreme discovered its listing price at Rs 120 on the NSE, a 29% premium to its issue price of Rs 93. The shares listed at Rs 121.90 on the BSE, a premium of 31%.
Stock Market Live: Hero Motors Lists At 2.4% Discount
Hero Motors discovered its listing price at Rs 82 on the NSE and Rs 82.10 on the BSE, against its issue price of Rs 84. The shares listed at a discount of about 2.4%.
Stock Market Live: Bessent May Take On US AI Czar Role
US Treasury Secretary Scott Bessent could take on an additional role overseeing artificial intelligence policy, Reuters reported, citing a source familiar with the discussions.
A second source said no decision had been made. The US Treasury did not immediately comment.
Stock Market Live: IT Stocks Trade Mixed; Happiest Minds Gains 0.9%
Happiest Minds Technologies rose 0.85%, while Tata Elxsi and Newgen Software gained 0.71% and 0.46%, respectively.
Zensar Technologies fell 1.06%, while Persistent Systems and Tata Consultancy Services declined 1.05% and 0.62%, respectively.
Stock Market Live: Bajaj Finance Rises 2%
Bajaj Finance shares rose 2.06% to Rs 1,029.60 after opening at Rs 1,034.70. The stock traded between Rs 1,022 and Rs 1,034.70.
Stock Market Live: Nifty Rises Above 23,350, Sensex Gains Over 100 Points
The Nifty 50 rose 40.25 points, or 0.17%, to 23,369.25. The Sensex gained 134.90 points, or 0.18%, to 74,663.98.
Stock Market Live: Promoter Buys Seen In Jindal Stainless, Nava
- Promoter-group buying was disclosed in Jindal Stainless and Nava.
- JSL Overseas Holding bought 8,61,553 Jindal Stainless shares, while Nava promoter-group entities AV Dwellings bought 5,000 shares and Devineni Ramaa bought 4,000 shares.
Stock Market Live: ESOP-Related Promoter Sales Surface Across Stocks
- Several promoter and promoter-group transactions were disclosed, including sales by Shreeji Shipping Global, Aarti Pharmalabs, NRB Bearings and Lords Mark Industries.
- Lords Mark Industries promoter and director Sachidanand H Upadhyay sold 1,03,56,983 shares, while Aarti Pharmalabs promoter-group entities Gloire Trusteeship Services and Relacion Trusteeship Services sold 6,24,500 and 6,27,500 shares, respectively.
Stock Market Live: Orchid Pharma Buys Land In Tamil Nadu
- Orchid Pharma has purchased land located at Patibulum village in Tamil Nadu.
- The acquisition adds to the company's land holdings in the state.
Stock Market Live: Vishnu Chemicals Delays Winding-Up Of Dubai Subsidiary
- Vishnu Chemicals has delayed the winding-up of Vishnu International Trading FZE.
- The company expects the completion of the process in about six months.
Stock Market Live: Mufin Green Finance Gets Final Nod For IFSC Bond Listing
- Mufin Green Finance has received final listing approval from Global Securities Market of IFSC for listing its bonds.
- The approval enables the company to proceed with the proposed bond listing.
Stock Market Live: Capri Global Gets AA+/Stable Rating For Rs 2,400 Crore Facilities
- Acuite has assigned an AA /Stable rating to Capri Global Capital's Rs 2,400 crore bank facilities.
- The rating covers the company's specified banking facilities.
Stock Market Live: Karnataka Bank Appoints Executive Director
- Karnataka Bank has appointed Biji Sreekrishnavilas Sankaranarayanan as executive director of the bank.
- The appointment adds to the bank's senior management structure.
Stock Market Live: Nifty, Sensex Open Higher
The Nifty 50 rose 23.15 points, or 0.10%, to 23,352.15. The Sensex gained 118.64 points, or 0.16%, to 74,647.72.
Stock Market Live: NLC India CMD Gets Finance Director Charge For Three Months
- NLC India CMD Prasanna Acharya has been entrusted with the additional post of Director (Finance).
- The assignment is for three months from September 17.
Stock Market Live: Rupee Opens 2 Paise Higher At 95.57 Against Dollar
The rupee opened at 95.57 against the US dollar, compared with Tuesday’s close of 95.59.
Stock Market Live: Federal Bank Bond Ratings Affirmed At IND AA+/Stable
- India Ratings has affirmed Federal Bank's Basel III Tier 2 and infrastructure bonds at IND AA /Stable.
- The rating action covers the bank's specified debt instruments.
Stock Market Live: Lemon Tree Hotels Opens 48-Room Nashik Property
- Lemon Tree Hotels has opened a 48-room hotel in Nashik, expanding its operating portfolio.
- The company has also received an observation letter with no objection from NSE and no adverse observations from BSE.
Stock Market Live: TruAlt Bioenergy Approves Rs 29.66 Crore Arm Investments
- TruAlt Bioenergy has approved additional investments in two subsidiaries, committing a combined Rs 29.66 crore.
- The company will invest Rs 21.4 crore in shares of Leafiniti Bioenergy and Rs 8.26 crore in shares of TruAlt Sumi Gas.
Stock Market Live: TeamLease Exits Crystal HR With Rs 10.12 Crore Deal
- TeamLease Services has completed its exit from Crystal HR & Security Solutions through the sale of 1,800 shares and a buyback of 1,200 shares.
- The total consideration for the 30% stake divestment was Rs 10.12 crore.
Stock Market Live: Aarti Pharmalabs Plans R&D Push Into Peptides
- Aarti Pharmalabs plans to increase research and development spending towards peptides and oligonucleotides as it expands its portfolio capabilities.
- The company has also planned groundbreaking for Atali Block 2 in Q3 FY27.
Stock Market Live: Dhanuka Agritech Launches New Fungicide In India
- Dhanuka Agritech has launched POLIN fungicide in India, adding a new product developed with Japan's Nippon Soda.
- POLIN uses the DHODHI mode of action under FRAC 52 and targets leaf and neck blast diseases.
Stock Market Live: Lithium, Nickel Processing Incentive Scheme In Pipeline
- The Mines Ministry plans to introduce an incentive scheme to promote domestic processing of lithium and nickel.
- The proposed scheme aims to build an integrated critical-mineral value chain and reduce India's dependence on imported processed materials.
Stock Market Live: Auto, Consumer Demand To Watch Ahead Of Festive Season
- Festive demand trends are emerging as a key market theme, with LG Electronics India expecting double-digit sales growth this festive season.
- The company cited improved consumer sentiment, GST-driven affordability and a longer festival window, while also expanding exports and adding new markets for its premium products.
Stock Market Live: Punjab & Sind Bank, Defence And Infra In Focus
- Punjab & Sind Bank faces a potential branch disruption from a September 28-30 strike notice, while Spectrum Electrical has signed an MoU with Maharashtra for ITI infrastructure.
- IRB Infrastructure has also approved monetisation of non-core assets, including land development projects in Pune and Mumbai.
Stock Market Live: Innovision Faces 54% Share Unlock From Six-Month Lock-In
- Innovision is set to see 13 million shares, representing 54% of outstanding shares, exit a six-month lock-in.
- The scheduled share unlock could increase the tradable supply of the stock
Stock Market Live: Gaja Asset Management Shares Exit One-Month Lock-In
- Gaja Alternative Asset Management is set to see 5 million shares, equivalent to 4% of outstanding shares, exit a one-month lock-in.
- The release of locked-in shares is part of the day's scheduled market activity.
Stock Market Live: Concord BioTech, ESAF SFB, Quality Power Have Board Meets
- Concord BioTech, ESAF Small Finance Bank and Quality Power have board meetings scheduled for key corporate proposals.
- Concord BioTech will consider a bonus equity share proposal, while ESAF SFB and Quality Power will consider fund-raising proposals.
Stock Market Live: Four Stocks To Exit ASM Framework
- Entero Healthcare Solutions, Indo Rama Synthetics, Molbio Diagnostics and Raymond have been listed for exclusion from the Additional Surveillance Measure framework.
- The changes form part of the latest surveillance framework updates.
Stock Market Live: Rays Of Belief Price Band Raised To 20%
- Rays of Belief's price band has been increased from 5% to 20%.
- The change is part of the latest exchange trading measures.
Stock Market Live: Alkali Metals, Glass Wall Price Bands Cut To 10%
- The price bands for Alkali Metals and Glass Wall Systems India have been revised from 20% to 10%.
- The revised bands apply under the latest trading measures.
Stock Market Live: Indo-MIM Price Band Cut To 5% From 10%
The price band for Indo-MIM has been revised from 10% to 5%.
The change forms part of the latest trading surveillance measures.
Stock Market Live: Ram Ratna Wires Sees 5.49 Lakh-Share Block Deal
- Ram Ratna Wires saw a block transaction involving 5.49 lakh shares at around Rs 562.60 per share.
- Trade Solvent bought 5.49 lakh shares at Rs 562.60, while L7 Hitech sold 5.49 lakh shares at Rs 562.58.
Stock Market Live: Pine Labs Sees Large Block Deal At Rs 187.75
Pine Labs saw a large block transaction at Rs 187.75 per share, with Mastercard Asia/Pacific selling 4.97 crore shares.
ICICI Prudential Life Insurance bought 93.10 lakh shares, Societe Generale bought 87.70 lakh and Citigroup Global Markets Singapore bought 66.70 lakh shares. Edelweiss Mutual Fund bought 52.94 lakh shares.
Stock Market Live: RHI Magnesita Sees Rs 360 Crore Block Deal
- RHI Magnesita India saw a large block transaction involving 2.29 crore shares sold by Dalmia Bharat Refractories at Rs 360 per share.
- SBI Mutual Fund bought 1.67 crore shares at the same price, while Bandhan Mutual Fund, Nippon India Mutual Fund and Clarus Capital 1 also bought shares.
Stock Market Live: Maithan Alloys Buys Rs 60.19 Crore Of Paytm Shares
- Maithan Alloys acquired 330,000 Paytm shares for Rs 60.19 crore on September 21.
- The company also acquired 11,730 ESDS Software shares for Rs 1.90 crore on the same date.
Stock Market Live: Mahindra & Mahindra Director Sells 76,357 Shares
- Dr Anish Shah sold 76,357 Mahindra & Mahindra shares on September 22 to fund taxes related to an employee stock option plan.
- The transaction was disclosed as an insider sale
Stock Market Live: 360 ONE WAM Names Aashish Agarwal As CEO From Feb 2027
- 360 ONE WAM has appointed Aashish Agarwal as CEO with effect from February 15, 2027.
- Karan Bhagat will continue as managing director until July 26, 2030.
Stock Market Live: NHPC Amalgamation Matter To Be Heard On September 28
- The Ministry of Corporate Affairs will hear the matter relating to NHPC's scheme of amalgamation with Arm Jalpower Corp on September 28.
- The hearing is the next procedural step in the proposed amalgamation.
Stock Market Live: Spectrum Electrical Signs Maharashtra Government ITI MoU
- Spectrum Electrical has signed a memorandum of understanding with the Maharashtra government to develop government ITI infrastructure under a public-private partnership model.
- The agreement covers infrastructure development for government industrial training institutes.
Stock Market Live: Shoppers Stop Store Count Reaches 117
- Shoppers Stop had 117 department stores as of August 31.
- The latest store count provides an update on the company's retail network
Stock Market Live: Avenue Supermarts Opens New Maharashtra Store
- Avenue Supermarts has opened a new store in Maharashtra, taking its total store count to 513.
- The latest addition expands the retailer's store network in the state
Stock Market Live: Aarti Pharmalabs Targets 15-18% Revenue, EBITDA CAGR
- Aarti Pharmalabs is targeting 15-18% revenue and EBITDA CAGR over the next three to four years.
- The company spent Rs 400 crore on capex in FY26 and expects FY27 capex to remain at similar levels.
- It also plans to invest in R&D for peptides and oligonucleotides, with groundbreaking for Atali Block 2 planned in Q3 FY27.
Stock Market Live: Coforge Expands AgenticOps Offering For Enterprises
Coforge is expanding its AgenticOps capabilities for enterprises as it targets greater automation and autonomy across business operations.
The company says its AgenticOps platform is designed to support enterprise autonomy at scale.
Stock Market Live: ITC Raises Gold Flake Premium Price By 8%
ITC raised the price of a 10-cigarette Gold Flake Premium pack to Rs 135 from Rs 125 in September, according to dealer checks. This marks the second increase this year and takes the cumulative price rise to 17.4% from Rs 115.
The company also raised prices of Classic Connect by 9.74% and Gold Flake Super Star by 12.66% in September. ITC has yet to respond to NDTV Profit’s request for comment.
Stock Market Live: HCLTech Selected For AI-Led UK, Ireland IT Transformation
- HCLTech has been selected by M Group for an AI-led IT transformation programme covering more than 200 locations across the UK and Ireland.
- The contract expands HCLTech's enterprise AI transformation work in the region.
Stock Market Live: IRB Infra Board Approves Non-Core Asset Monetisation
- IRB Infrastructure's board has approved the monetisation of non-core assets.
- The company plans to develop around 350 acres of land parcels in Pune through AIIPL and redevelop around 3,500 square metres of land in Mumbai through IRBPL.
Stock Market Live: Punjab & Sind Bank Gets September 28-30 Strike Notice
- Punjab & Sind Bank has received a notice for a bank strike from September 28 to September 30.
- Branch operations may be affected if the proposed strike takes place.
Stock Market Live: Embassy Developments Allots Rs 105 Crore NCDs
- Embassy Developments has allotted non-convertible debentures worth Rs 105 crore out of a total issue size of Rs 160 crore.
- The allotment forms part of the company's debt issuance programme.
Stock Market Live: NATCO Pharma Board To Consider Rs 1,300 Crore Rights Issue
- NATCO Pharma's board will meet on September 25 to consider a rights issue of shares of up to Rs 1,300 crore.
- The board will also consider the terms of the proposed rights issue.
Stock Market Live: JSW Dulux Sets October 22 Record Date For Stock Split
- JSW Dulux has fixed October 22 as the record date for its stock split.
- The company will split each existing share into 10 shares.
Stock Market Live: Sapphire Foods Gets Separate Rs 21.47 Crore GST Notice
- Sapphire Foods has received another GST show-cause notice, this time for Rs 21.47 crore for FY23.
- The notice is separate from the Rs 516.84 crore notice covering April 2023 to March 2024.
Stock Market Live: Sapphire Foods Gets Rs 516.84 Crore GST Notice
- Sapphire Foods has received a GST show-cause notice of Rs 516.84 crore under the Tamil Nadu SGST Act for April 2023 to March 2024.
- The notice covers the company's tax position for the specified financial year.
Stock Market Live: Veranda Learning Promoters Pledge Shares For Rs 111 Crore
- Promoters of Veranda Learning have pledged shares against personal borrowing of Rs 111 crore.
- Kalpathi S. Aghoram, Kalpathi S. Ganesh and Kalpathi S. Suresh created the pledge in favour of Authum Investment & Infrastructure, which holds a 10.8% stake in Veranda Learning.
Stock Market Live: Cupid Raises FY27 Revenue Guidance To Rs 725-750 Crore
- Cupid has raised its FY27 revenue guidance to Rs 725-750 crore and net profit guidance to Rs 210-225 crore.
- The company has set FY28 revenue guidance at Rs 1,085 crore and FY29 revenue guidance at Rs 1,500 crore.
- Cupid also targets Rs 150 crore of FY27 revenue from distribution expansion and sees Rs 500 crore of annual revenue potential.
Stock Market Live: Arvind SmartSpaces Books Over Rs 500 Crore In Bengaluru
- Arvind SmartSpaces has secured bookings of more than Rs 500 crore in a Bengaluru project within 30 days of its launch.
- The project was acquired outright in February 2026 and has a topline potential of Rs 860 crore.
Stock Market Live: Adani Ports Seen Positioned For India's Transshipment Growth
- Jefferies sees a large opportunity from India's container transshipment market and identifies Adani Ports as positioned to capture it.
- Jefferies says 75% of India's transshipment traffic is currently handled overseas, while hub-and-spoke networks could complement domestic volume growth.
- The brokerage highlights Vizhinjam's location, deep draft, operating capabilities and MSC partnership.
Stock Market Live: Patanjali Gets Rs 560 Target From Jefferies
Jefferies has maintained its Buy rating on Patanjali Foods with a target price of Rs 560.
Jefferies
• Rating: Buy
• Target price: Rs 560
• Management sees near-term rural demand softness but expects a festive-led recovery.
• The company has maintained FY27 growth guidance despite sunflower oil supply disruptions and commodity inflation.
• Expects 4% volume growth in edible oil, 8-10% in foods and 15% in FMCG HPC.
• Expects FMCG HPC margins to remain at 18-20%.
Stock Market Live: CleanMax Gets Outperform Rating From Macquarie
Macquarie has initiated coverage on CleanMax with an Outperform rating and a target price of Rs 1,700.
Macquarie
• Rating: Outperform
• Target price: Rs 1,700
• Describes CleanMax as India's largest pure-play Commercial & Industrial renewables platform by capacity.
• Expects its installed base to more than double to around 8 GW by FY29E.
• Sees repeat C&I business and data and AI exposure supporting growth.
• Identifies longer-term earnings potential in the C&I renewables market.
Stock Market Live: Hindalco Gets Rs 1,240 Target From CLSA
CLSA has maintained its Outperform rating on Hindalco with a target price of Rs 1,240.
CLSA
• Rating: Outperform
• Target price: Rs 1,240
• Expects EBITDA to more than double over five years.
• Sees Novelis' Bay Minette expansion and debottlenecking taking volumes above 5 million tonnes.
• Expects India upstream EBITDA to more than double.
• Sees India downstream EBITDA rising to US$1 billion from US$200 million.
• Expects Novelis net debt to peak by Q4 FY27 despite US$10 billion of India capex.
Stock Market Live: Dixon Gets Rs 16,400 Target From JPMorgan
JPMorgan has maintained its Overweight rating on Dixon Technologies with a target price of Rs 16,400.
JPMorgan
• Rating: Overweight
• Target price: Rs 16,400
• Expects exports to drive the next phase of growth.
• Says return on capital employed will not be compromised.
• Notes plans to enter low-volume, high-margin segments including defence, medical electronics, drones and robotics.
• The company remains open to inorganic expansion.
Stock Market Live: Jubilant Ingrevia Retains Buy Call From Kotak
Kotak Securities has maintained its Buy rating on Jubilant Ingrevia with a target price of Rs 1,010.
Kotak Securities
• Rating: Buy
• Target price: Rs 1,010
• Says concerns around the FMC contract are already reflected in the stock price.
• Sees the Zettaone acquisition as too small to warrant a de-rating.
• Expects Q2 results to be good despite fresh hostilities in the Middle East.
• Expects earnings growth in FY27 and beyond, supported by the order book and improved chemical intermediate results.
Stock Market Live: Shadowfax Gets Add Call From Kotak At Rs 310 Target
Kotak Securities has initiated coverage on Shadowfax with an Add rating and a target price of Rs 310.
Kotak Securities
• Rating: Add
• Target price: Rs 310
• Sees revenue and adjusted EBITDA CAGR of 31% and 58%, respectively, over FY2026-30.
• Identifies mix benefits and account share gains as key drivers.
• Flags increased concentration to Meesho and customer pricing pressure as risks
Stock Market Live: Kaynes Tech, LIC Housing Finance In F&O Ban
- Kaynes Technology, LIC Housing Finance, Manappuram Finance and SAIL are in the F&O ban period.
- The four stocks will remain subject to the applicable derivatives trading restrictions.
Stock Market Live: Persistent Systems Gets Hold Rating From HSBC
HSBC has maintained its Hold rating on Persistent Systems after the company's acquisition of control in Nagarro SE.
HSBC
• Rating: Hold
• Target price: Rs 5,000
• Persistent has secured control of Nagarro SE.
• It has another two-week window to increase its stake.
• A holding above 90% could allow it to pursue a squeeze-out of minority shareholders.
• HSBC says this could accelerate Nagarro integration.
Stock Market Live: Persistent Systems Gains Control Of Nagarro SE
Persistent Systems' arm has acquired an additional 61.15% stake in Nagarro SE through a public offer, taking its holding to 83.25%.
The additional acceptance period for Nagarro shareholders runs from September 23 to October 6, while the company intends to delist Nagarro from the Frankfurt Stock Exchange.
Stock Market Live: Voltas Gets Mixed Broker Views On Margin Outlook
Voltas has drawn differing views from brokerages, with margin pressure emerging as a key point of discussion.
BofA
• Rating: Buy
• Target price: Rs 1,400
• Says its meeting reinforces the margin opportunity thesis.
• Sees encouraging Q2 revenue trends aided by a weak base.
HSBC
• Rating: Buy
• Target price: Rs 1,450
• Says market share has improved and the lead over the second-largest player has widened.
• Sees inventory holdings remaining low.
• Notes Rs 200 crore in data centre orders.
Jefferies
• Rating: Buy
• Target price: Rs 1,495, cut from Rs 1,580
• Expects margins to face pressure despite a 12% price hike.
• Factored in margin pressure and cut its earnings-per-share estimates.
Stock Market Live: Tata Capital Gets Buy Call From Citi At Rs 450 Target
Citi has initiated coverage on Tata Capital with a Buy rating and a target price of Rs 450, highlighting its growth and earnings profile.
Citi
• Rating: Buy
• Target price: Rs 450
• Sees structurally improving growth engines.
• Expects margin and operating expenditure levers to support earnings growth.
• Prefers NBFC franchises combining scale with earnings upside, including Bajaj Finance and Tata Capital.
Stock Market Live: HDFC Bank CEO Succession In Focus, Says Macquarie
HDFC Bank's CEO succession remains under consideration, with the RBI seeking feedback from IRDAI on Anup Bagchi's candidature.
Macquarie
• Rating: Outperform
• Target price: Rs 1,150
• HDFC Bank's board has forwarded the names of Kaizad Bharucha and Anup Bagchi to the RBI.
• Bagchi is currently the head of ICICI Prudential Life.
• Any external CEO appointment could lead to senior management exits.
• Macquarie says stabilising the leadership team may be the immediate priority.
Stock Market Live: Aditya Infotech QIP Opens At Rs 3,648.43 Floor Price
Aditya Infotech has opened its qualified institutional placement, with the floor price set at Rs 3,648.43 per share.
The company may offer a discount of up to 5% to the floor price.
Stock Market Live: Brent Crude Nears $98, Extends Decline To Sixth Session
Brent crude approached $98 a barrel, extending its decline to a sixth consecutive session and taking its loss over the period to more than 9%.
West Texas Intermediate for November delivery fell below $90 a barrel.
Stock Market Live: GIFT Nifty Signals 55-Point Decline At Open
GIFT Nifty traded at 23,340, indicating that Indian equities could open about 54.60 points lower on Wednesday.
The signal came despite gains across most Asian markets, after the Nasdaq 100 closed at a record high and oil prices declined.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
