Stock Market Live: GIFT Nifty Indicates Negative Open For Nifty, Sensex; Brent Crude Little Changed After Breaching $98 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance, fell 70.20 points to an implied 23,797.50.
Hello and welcome to our live coverage on stock markets.
GIFT Nifty indicated a weak start for Indian equities on Tuesday, falling 70.20 points to an implied 23,797.50. The signal comes after the Nifty 50 and Sensex each fell 0.5% on Monday, closing at 23,779.15 and 76,132.81, respectively. Asian markets were mostly lower as renewed Middle East tensions kept crude prices elevated, fuelling concerns over inflation and interest rates.
Asian Cues
Japan's Nikkei 225 slipped 0.27% and Australia's S&P/ASX 200 declined 0.33%. South Korea's KOSPI moved against the trend, gaining 0.51%.
Oil remained a key market driver after crude reached a six-week high in the previous session. Brent was little changed after briefly crossing $98 a barrel, while West Texas Intermediate rose 1% to $92.44.
Iran said a deal with Oman to oversee shipping through the Strait of Hormuz was nearing completion, while also warning of risks to vessels near Oman's coast. The developments followed US strikes on Iranian vessels over the weekend and have added to concerns about crude supplies through the strategic waterway.
India Risk
"Persistently high oil prices remain a key risk" for India as they could increase the import bill, add to inflationary pressure and strain the current account, said Ponmudi R, CEO of Enrich Money.
Siddhartha Khemka, head of research, wealth management at Motilal Oswal Financial Services, said Indian equities could remain under pressure as global cues weaken and crude prices stay high.
US equity futures were mixed early Tuesday after Wall Street was closed for the Labor Day holiday. Dow futures fell 0.6%, S&P 500 futures declined 0.2% and Nasdaq-100 futures gained 0.1%.
Technical Levels
"Nifty 50 is likely to remain under pressure," Ponmudi said. He identified 23,750-23,700 as immediate support and 23,600 as a key level, while a move above 24,000 could improve momentum.
Stock Market Live: Pearl Global Sets September 11 Record Date For 1:1 Bonus
Pearl Global is in focus after setting September 11 as the record date for its 1:1 bonus issue.
The allotment is scheduled for September 15.
Stock Market Live: Rajputana Stainless Wins 10.1 MW Renewable Projects In Gujarat
Rajputana Stainless is in focus after being awarded 2.10 MW of wind and 8 MW of solar projects in Gujarat.
The projects have execution timelines of 11 months for the wind project and four months for the solar project.
Stock Market Live: Swiggy To Exit Lynks Logistics Through Share Swap
Swiggy is in focus after deciding to sell its entire stake in step-down subsidiary Lynks Logistics to Trustroot Internet through a share-swap transaction.
The transferred B2B distribution business generated Rs 668 crore in revenue in FY26.
Stock Market Live: Mankind Pharma Subsidiary BSVL Approves Voluntary Liquidation
Mankind Pharma is in focus after shareholders of wholly owned subsidiary Bharat Serums and Vaccines approved its voluntary liquidation.
Stock Market Live: 63 Moons Subsidiary Raises Ticker Stake To 65.8%
63 Moons Technologies is in focus after its wholly owned subsidiary Financial Technologies Singapore subscribed to 2.59 crore equity shares of Ticker Ltd for Rs 70 crore through a preferential issue.
Its stake in Ticker increased to 65.8% after the allotment.
Stock Market Live: CONCOR Bags Rs 89.09 Cr Order From Eastern Railway
CONCOR is in focus after receiving an Rs 89.09 crore order, including GST, from Eastern Railway’s Jamalpur Locomotive Workshop.
The order covers supply of 12 rakes of BLSS wagons along with brake vans.
Stock Market Live: REC Issues India’s First Pilot Tokenised Corporate Bonds
REC is in focus after successfully issuing India’s first pilot issue of tokenised corporate bonds under the SEBI regulatory sandbox framework.
Stock Market Live: Max Healthcare Raises Kalinga Hospital Stake To 66.15%
Max Healthcare is in focus after investing Rs 87.87 crore in subsidiary Kalinga Hospital through a rights issue.
Following allotment of 50.21 lakh shares, its stake increased to 66.15% from 58.28%.
Stock Market Live: Anupam Rasayan To Invest Rs 60.88 Cr In Tanfac
Anupam Rasayan is in focus after its board approved an investment of Rs 60.88 crore in Tanfac Industries.
The investment involves subscribing to 2.60 lakh Tanfac shares at Rs 2,341 apiece through a preferential issue.
Stock Market Live: Vishnu Chemicals Forms JV For 6,000 TPA Chromium Plant
Vishnu Chemicals is in focus after entering into a 50:50 joint venture with France-based DCX Chrome SAS.
The venture will establish a greenfield 6,000 TPA high-purity chromium metal manufacturing facility at Visakhapatnam.
Stock Market Live: Aarti Industries Commissions Phase I Of Zone IV
Aarti Industries is in focus after commissioning Phase I of Zone IV, which the company said will unlock new high-value manufacturing opportunities.
Stock Market Live: Neuland Laboratories Approves Rs 126 Cr Expansion Capex
Neuland Laboratories is in focus after its board approved Rs 126 crore of capex to acquire 134 acres in Auro Industrial City, Kakinada.
The company also has a right of first refusal over an additional 66 acres, taking the potential land parcel to 200 acres.
Stock Market Live: PNB Housing Finance Plans Rs 10,000 Cr NCD Fund Raise
PNB Housing Finance is in focus after its board approved raising up to Rs 10,000 crore through NCDs on a private placement basis.
The securities may be issued in one or more tranches and listed on the NSE and/or BSE wholesale debt segment.
Stock Market Live: Sammaan Capital Gets Nod To Raise Up To Rs 25,000 Cr
Sammaan Capital is in focus after its board approved an enabling authorisation to raise up to Rs 25,000 crore through NCDs and bonds.
The company’s AGM is scheduled for September 30, 2026.
Stock Market Live: Garuda Construction Signs MoU For 93-Storey Jeddah Tower
Garuda Construction is in focus after its subsidiary signed an MoU for a 93-storey tower in Jeddah.
The project has an estimated revenue potential of Rs 1,800 crore over five years.
Stock Market Live: GRT Jewellers To Acquire 25.88% Stake In TBZ
Tribhovandas Bhimji Zaveri is in focus after GRT Jewellers agreed to acquire a 25.88% stake in the company.
Stock Market Live: PVR INOX Buyback To Open On Sept. 10
PVR INOX is in focus as its Rs 300 crore share buyback opens on September 10 and closes on September 17.
• Buyback size: Up to 20.69 lakh shares
• Equity represented: 2.11%
• Buyback price: Rs 1,450 per share
• Route: Tender offer
Stock Market Live: Kotak Maintains Buy On Home First With Rs 1,530 Target
Home First is in focus after Kotak Securities retained its Buy rating and Rs 1,530 target price following a recent interaction with the company.
Kotak Securities
• Rating: Buy
• Target price: Rs 1,530
• Affordable housing finance growth is expected to remain strong.
• Margins remain healthy.
• Kotak sees no red flags in asset quality trends across most borrower cohorts.
Stock Market Live: Sansera Engineering Initiated With Outperform Rating By CLSA
Sansera Engineering is in focus after CLSA initiated coverage with an Outperform rating, citing aerospace-led growth.
CLSA
• Rating: Outperform
• Target price: Rs 4,954
• Aerospace is expected to add to growth.
• The ADS segment is poised to become Sansera’s primary growth engine.
• Rising ADS mix could support margin expansion.
• EPS is expected to more than double over the next three years.
Stock Market Live: Jefferies Says Polycab Correction Is A Buying Opportunity
Polycab is in focus after Jefferies retained its Buy rating following a 10% five-day decline in the stock.
Jefferies
• Rating: Buy
• Target price: Rs 11,100
• Polycab is trading at 35x one-year forward PE after the recent correction.
• UltraTech’s Rs 1,800 crore capex and 4-5x asset turn could make its sales 5-6% of the FY30 cables and wires industry.
• Polycab derives 70-75% of its mix from cables, while UltraTech appears focused more on wires.
Stock Market Live: Defence Stocks In Focus After Rs 1.1 Lakh Cr AoN
BEL and HAL are in focus after the Defence Acquisition Council approved procurement proposals worth Rs 1.1 lakh crore, with nearly 98% of the value earmarked for domestic industry.
Kotak Securities
• BEL and HAL are likely multi-item beneficiaries.
• The package represents a Buy-Indian/IDDM opportunity.
• Cumulative AoNs since FY24 have crossed Rs 18 lakh crore.
• The AoN is an in-principle approval, with RFP-to-contract typically taking about two years.
Stock Market Live: GE Vernova T&D Emerges L1 Bidder For Rs 7,000-8,000 Cr HVDC Work
GE Vernova T&D India was declared the L1 bidder by Power Grid for a 6,000 MW, 800 kV HVDC LCC terminal station, putting the stock in focus.
Emkay
• Maintain Buy
• Target price: Rs 5,300
• Project value expected at Rs 25,000 crore, with the HVDC portion worth Rs 7,000-8,000 crore.
• Order backlog could rise to about Rs 28,000 crore, providing revenue visibility of 4.2x.
• Structural growth in the power transmission sector remains a key opportunity.
Stock Market Live: Adani Power Gets LOI To Acquire 330 MW GVK Hydro Plant
Adani Power received a letter of intent on September 7 to acquire GVK Energy’s 330 MW hydro power plant, putting the stock in focus.
Stock Market Live: Iran Says Hormuz Shipping Deal With Oman Nears Completion
Iran said an agreement with Oman to oversee shipping through the Strait of Hormuz was nearing completion. Tehran also warned of risks to vessels operating near Oman’s coast.
The developments followed US strikes on Iranian vessels over the weekend and raised concerns about crude supplies through the strait.
Stock Market Live: Brent Holds Near $98, WTI Rises 1%
Brent crude was little changed after briefly crossing $98 a barrel, while West Texas Intermediate rose 1% to $92.44. Crude prices remained near six-week highs.
Stock Market Live: Asian Markets Trade Lower; Kospi Gains 0.5%
Japan’s Nikkei 225 fell 0.27%, while Australia’s S&P/ASX 200 declined 0.33%.
South Korea’s Kospi gained 0.51% as markets tracked crude oil prices amid renewed Middle East tensions.
Stock Market Live: Nifty, Sensex Fall 0.5% On Monday
The Nifty 50 fell 0.5% to close at 23,779.15 on Monday. The Sensex also declined 0.5% to settle at 76,132.81.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
