Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 ended lower on Monday, dragged by weakness across IT, metal and realty stocks, while investors remained cautious amid renewed geopolitical tensions in the Middle East.
The BSE Sensex ended at 76,132.81 levels, down 382.62 points or 0.5%, while the Nifty50 settled at 23,779.15 levels, declining 118.55 points or 0.50%.
Broader markets settled mixed, with the Nifty Smallcap 100 index gaining 0.08%, while the Nifty Midcap 100 index fell 0.46%.
Barring Nifty Pharma and Healthcare, all sectors ended in red. Nifty IT, Metal and Realty were among the top losers.
Market sentiment remained cautious as fresh military escalation between the US and Iran kept concerns over energy supplies and potential disruptions around the Strait of Hormuz in focus.
Asian markets ended Monday's session largely higher, with Japan's Nikkei surging 2.12% to 66,399.84, while South Korea's Kospi jumped 4.61% to 6,995.39, marking the strongest gain among the major regional indices.
Taiwan's benchmark rose 1.67%, while Malaysia's index gained 0.39% and Australia's ASX 200 edged up 0.06%.
China's Shenzhen Composite advanced 1.91%, while the Shanghai Composite added 0.07%. Indonesia's SETI rose 1.46%, whereas Singapore's STI slipped 0.17% and New Zealand's NZX 50 declined 0.22%.
The gains in Japan and South Korea were supported by strength in technology and chip stocks amid continued optimism around AI-related demand.
With Washington and Tehran continuing to exchange strikes, investors are likely to track crude prices, developments around the Strait of Hormuz and any signs of further escalation closely through the trading session.
However, rising crude oil prices continued to signal caution for markets, with the latest US-Iran confrontation raising fresh concerns over oil shipments and traffic through the strategically important Strait of Hormuz.
Brent crude rose as much as 0.8% to about $97 a barrel before giving up part of its gains, while West Texas Intermediate traded around $92 a barrel. European natural gas prices also climbed as much as 4.2% in thin trading.
US-Iran Tensions Remain In Focus
The latest escalation followed the US striking three Iranian oil tankers over the weekend, with Washington saying one of the vessels was destroyed. The US has accused Iran of launching ballistic missile attacks on American Navy warships.
Iran, meanwhile, said it plans to create a new restricted zone outside the Strait of Hormuz. Press TV reported that the proposed zone would start from the US Navy blockade line and stretch into parts of the Persian Gulf.
Tehran also claimed it had attacked three tankers in retaliation for the US strikes, although the claim has not been independently verified.
The developments have intensified concerns that the conflict could interfere with energy shipments through the Strait of Hormuz, a critical route for global oil flows.
Iran Nuclear Deal Uncertainty Adds To Risks
US Energy Secretary Chris Wright also warned that a nuclear agreement with Iran may not be imminent.
Speaking on ABC News' This Week, Wright said there may not be an agreement at all, suggesting that a potential deal could instead be left for a future Iranian administration.
For Indian markets, the combination of a negative GIFT Nifty signal and elevated crude prices could keep sentiment cautious at the open, despite the strong performance across several Asian benchmarks.
Stock Market Live: Asian Paints Appoints Leo Puri As Independent Director For Five Years
- Asian Paints has appointed Leo Puri as an independent director for a term of five years.
- The appointment was disclosed by the company in an exchange filing.
Stock Market Live: Emkay Global To Allot Rs 50 Crore NCDs Via Private Placement
- Emkay Global said it will allot non-convertible debentures (NCDs) worth Rs 50 crore on a private placement basis.
- The company disclosed the development in an exchange filing.
Stock Market Live: Pranav Constructions IPO Subscribed 2.5 Times On Day 1; NII Portion Booked 4.26 Times
- Pranav Constructions IPO was subscribed 2.5 times as of 2:26 PM on Day 1 of the issue.
- The NII portion was subscribed 4.26 times.
- The Retail Investor category was subscribed 2.79 times.
- The QIB portion was subscribed 0.19 times on Day 1.
Stock Market Live: India's Battery Industry May Generate Up To 2 Million Jobs By FY30, Says Adecco India
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India's battery industry is expected to generate 1.5-2 million jobs by FY30, according to staffing firm Adecco India, PTI reported.
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The industry is transitioning from an import- and assembly-led model to an integrated ecosystem covering cell manufacturing, battery packs and recycling.
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Adecco India estimates that around 25% of the jobs will be direct and 75% indirect.
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Hiring demand in the sector is expected to grow by 25-30% annually.
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The assessment is based on inputs from more than 30 clients of Adecco India.
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Recruitment is expected to increasingly focus on skilled professionals in:
- Electrochemistry
- Materials science
- Battery engineering
- Manufacturing
- Recycling
Stock Market Live: Axis Bank's Amitabh Chaudhry Says FCNR(B) Flows To Support Growth; Evaluating Axis Max-Max Financial Merger Alternatives
- Axis Bank MD & CEO Amitabh Chaudhry told NDTV Profit in an Exclusive Interview that the bank wants to become a customer-obsessed bank.
- He said Uttar Pradesh offers significant headroom for growth.
- Chaudhry said he is quite happy with the amount raised through FCNR(B).
- FCNR(B) flows are expected to be above the bank's current market share of 5%.
- He expects these flows to be consumed over the next few quarters.
- Banks with high FCNR(B) inflows could see a temporary dip in NIMs.
- The medium-term impact of FCNR(B) inflows is expected to be positive.
- Any blips arising from FCNR(B) flows are likely to be temporary.
- Inflation and crude oil-related concerns continue to persist.
- Chaudhry said the RBI could raise rates in the next 6-9 months.
- Axis Bank has a large amount of reserves with respect to Expected Credit Loss (ECL) norms.
- The impact of ECL norms on the bank is expected to be very limited.
- The bank is targeting customer segments across the value chain.
- The government's 'One District, One Product' initiative presents a growth opportunity, according to Chaudhry.
- Axis Bank is evaluating alternatives regarding the proposed Axis Max Life-Max Financial Services merger.
FCNR(B) Update
Macro View
ECL Norms
Business Strategy
Axis Max Transaction
Stock Market Live: Shyam Metalics August Stainless Steel Realisation Rises 45.5%; Aluminium Foil Realisation Up 21%
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Shyam Metalics & Energy reported stainless steel realisation growth of 45.5% YoY in August, according to an exchange filing.
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Stainless steel realisation stood at Rs 1.83 lakh per tonne.
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Aluminium foil realisation increased 21% YoY to Rs 4.85 lakh per tonne.
Stock Market Live: RBL Bank Board Approves Raising Up To $1 Billion Via Euro MTN Programme
- RBL Bank has approved raising up to $1 billion through a Euro Medium Term Note (EMTN) Programme, according to an exchange filing.
- The bank will establish a Euro Medium Term Note Programme for the proposed fundraising.
Stock Market Live: Iran Says Hormuz Talks With Oman In Final Stage; Temporary Shipping Route Accord Likely Soon
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Iran said discussions with Oman regarding the Strait of Hormuz are in the final stages, according to Bloomberg.
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Iran said the two sides are working towards an accord on a temporary Hormuz route.
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An agreement on the temporary route could be reached in the coming days, Iran said.
Stock Market LIVE: Fairfax Said To Exit IIFL Finance Before Likely IDBI Bank deal: Bloomberg
Fairfax is said to exit IIFL Finance before likely IDBI Bank deal, according to Bloomberg.
#JustIn | Fairfax is said to exit IIFL Finance before likely IDBI Bank deal, according to Bloomberg pic.twitter.com/4WKiHcN0xe
— NDTV Profit News (@NDTVProfit) September 7, 2026
Stock Market LIVE: UltraTech’s Entry In Wires Market With Ultravolt Sparks Sector Valuation Reset: Nirmal Bang
Ultravolt has entered India’s wires and cables market with Phase-I capacity of ~1.1mn kilometre, supported by UltraTech’s parentage. Its immediate access to over 5,000 UltraTech outlets gives it a strong national distribution platform from launch.
According to Nirmal Bang Institutional Equities, Ultravolt’s scale and distribution could intensify competition in household wires, though broader cables demand remains structurally resilient. After the recent correction, the brokerage firm feels valuations may still discount competitive risk early, even before earnings impact becomes visible.
“We are moderating valuation multiples for companies most exposed to household-wire competition, without changing earnings estimates yet. Havells moves to ‘Hold’, while V-Guard remains a ‘Buy’, Polycab a ‘Hold’, and Crompton / Orient Electric remain largely unchanged,” Nirmal Bang said.
Stock Market LIVE: RBL Bank Approves To Enable Issuance Of FCBs Up To $1 Billion Under EMTN programme
RBL Bank said its Board of Directors considered and approved to enable issuance of foreign currency bonds / notes / any other debt securities up to $1 billion in the future, from time to time, through one or more transactions, subject to the market conditions and regulatory compliances, for raising of funds through permissible modes under the Euro Medium Term Note Programme.
Stock Market LIVE: Shyam Metalics Realizations Up 45.51% YoY
Shyam Metalics and Energy said its stainless steel sales volumes in August increased 16.44% YoY to 10,920 MT and realizations jumped by 45.51% YoY to Rs 1,83,032 per MT.
Stock Market LIVE: Crude May Take Up To 12 Months To Normalise Fully: Julius Baer’s Mark Matthews
The global economy has not yet returned to normalcy following the war, and crude oil prices could take up to 12 months to fully normalise, according to Mark Matthews, Head of Research Asia at Julius Baer.
“I don't think the world has entered normalcy post war,” Matthews told NDTV Profit, adding that crude oil could take up to 12 months to normalise fully. However, he does not expect the war to persist for a very long time.
Stock Market LIVE: Maruti Suzuki To Hike Prices By Up To Rs 20,000 From September 2026
Maruti Suzuki India, the country’s largest passenger carmaker, will increase prices of select models by up to Rs 20,000 from September 2026, citing sustained increases in input costs.
In a communication to dealers, Maruti Suzuki said the price increase would come into effect in September 2026. The company said it has been making continuous efforts over the past few months to mitigate the impact of higher costs through cost-reduction measures.
“However, with inflationary burdens at elevated levels and the adverse cost environment enduring, the Company is constrained to pass on a portion of the increased costs to the market, while continuing to ensure that the impact on customers is kept to the minimum extent possible,” Maruti Suzuki said.
Stock Market LIVE: Immediate Support For MCX Gold Rate At Rs 1,50,700 - Rs 1,50,000 Levels
MCX gold price fell 0.3% to trade around Rs 1,52,200 per 10 grams level and is holding above its 50-EMA.
Immediate resistance for MCX gold price is at Rs 1,53,700 - Rs 1,54,000, and a break above targets next resistance at Rs 1,55,300 - Rs 1,56,000. Immediate support is at Rs 1,50,700 - Rs 150,000 (100-day EMA), with next support at Rs 1,48,000 - Rs 1,47,300, said Ponmudi R, CEO of Enrich Money.
RSI at 47.02, lower, shows momentum has clearly turned softer. Bias stays cautious while a sustained move above Rs 1,53,000 is required to confirm momentum, with a slip below risking a pullback toward Rs 1,50,000, he added.
Stock Market LIVE: Nifty 50 Tanks 1000 Points In 25 Days
Nifty 50 index has declined 100 points from day’s high and slipped below 23,800 level. The index has declined in seven out of the previous nine trading sessions.
Additionally, the benchmark Nifty 50 has tanked around 1,000 points in the last 25 trading sessions, wherein the index has ended lower in 17 sessions.
Stock Market LIVE: Crucial Support For Nifty At 23,670 – 23,650 Zone: Sudeep Shah
The zone of 23,670 – 23,650 will act as a crucial support for the Nifty 50 index while the resistance lies in the zone of 23,870 – 23,900. On the downside, if the index slips below the level of 23,650, then the next support is placed in the zone of 23,520 – 23,500, said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.
In an event of a surge above 23,900, he believes the index can experience an extension of the rally towards 24,050.
On the options front, meaningful call writing witnessed across 23,800 & 23,900 strikes. On the put side, 23,700 has a substantial open interest, followed by 23,600 strike.
For Sensex, support is seen at 75,700 level while resistance is at 76,500.
Stock Market LIVE: Purple Style Labs Shares Slip 4% After Weak Listing. What Should Investors Do?
Purple Style Labs share price slipped over 4% from its listing price and declined more than 10% from its issue price after making a weak debut on Dalal Street today. The stock was listed with 7% discount to its issue price.
Shivani Nyati, Head of Wealth at Swastika Investmart said the view on Purple Style Labs shares remains to ‘Avoid’, as the company’s loss has widened sharply from Rs 47.7 crore in FY24 to Rs 188.4 crore in FY25 and Rs 285.4 crore in FY26, with no clear path to breakeven.
“Valuation also looks expensive at around 9.3–9.6x FY26 revenue, while P/E and P/B are not meaningful due to losses and negative net worth. Moreover, around 55% of IPO proceeds will be used for lease liabilities and Rs 138.9 crore for marketing, leaving limited funds for growth,” said Nyati.
For existing investors, she suggests keeping a stop loss at Rs 500. Overall, widening losses, negative net worth and high valuation make the risk-reward unattractive at current levels.
Stock Market LIVE: Apollo Micro Systems Shares Jump Over 4%; Systematix Assigns ‘Buy’, Sees 46% Upside
Apollo Micro Systems share price jumped over 4% after brokerage firm Systematix initiated coverage on the defence stock with a ‘Buy’ rating and a target price of Rs 570, based on 55x average FY28E and FY29E EPS. Apollo Micro Systems share price target implies an upside potential of more than 46% from its previous closing price.
The brokerage firm sees a potential structural opportunity for Apollo Micro Systems to evolve from a subsystem and electronics supplier into an integrated weapon systems manufacturer. GoI’s keenness to provide complete transfer of technology (ToTs) from DRDO to private players could enable Apollo Micro Systems to secure large, platform-level opportunities, similar to Solar Industries’ evolution into manufacturing complete Pinaka systems.
Stock Market LIVE: Broader Markets Trade Mix; Smallcap Index Gain
Broader markets traded mixed, as the Nifty Smallcap 100 index gained 0.2%, while the Nifty Midcap 100 index dropped over 0.4%.
Stock Market LIVE: IT, Metals, Media Lead Losses; Nifty Pharma Only In Green
Among sectors, Nifty IT, Nifty Metals, Nifty Media, Nifty PSU Banks, Nifty Realty, Nifty FMCG and Nifty Oil & Gas led the losses, while Nifty Pharma was the only index in the green.
Stock Market LIVE: Nifty 50 Slumps Nearly 1,000 Points In 25 Sessions. What’s Driving The Selloff, Key Levels Ahead
Nifty 50 index has declined 100 points from day’s high and slipped below 23,800 level. The index has declined in seven out of the previous nine trading sessions.
Additionally, the benchmark Nifty 50 has tanked around 1,000 points in the last 25 trading sessions, wherein the index has ended lower in 17 sessions.
Stock Market LIVE: Pranav Constructions IPO Fully Booked Within Hours Of Opening
Pranav Constructions IPO has been fully subscribed within hours of opening. The public issue was booked 1.6 times so far till 11:30 am, NSE data showed.
The IPO received 1.84 times subscription in the Retail Individual Investors category, and 2.55 times in the Non-Institutional Investors (NII) segment. The Qualified Institutional Buyers (QIB) are yet to bid for the issue.
Stock Market LIVE: VA Tech Wabag Shares Gain Near 3% On Securing Order From Reliance Industries
VA Tech Wabag share price gained nearly 3% after the company announced that its secured a ‘Medium’ order from the Reliance Industries Limited, towards Design, Engineering, Manufacturing, Supply, Erection & Commissioning of an Effluent Treatment Plant (‘ETP’), at Dhirubhai Ambani Green Energy Giga Complex (DAGEGC), Jamnagar.
The company categorises ‘medium’ orders in the range of Rs 100 crore to Rs 250 crore, or $10 million to $30 million.
The proposed ETP scheduled to be completed in 13 months will be designed comprising chemical and biological treatment using the state-of the art technologies, along with a sludge treatment incorporating low-temperature drying for efficient sludge management, VA Tech Wabag said.
Stock Market Live: PC Jeweller Jumps 15%, TBZ Hits Upper Circuit
PC Jeweller rose as much as 14.7% to Rs 13.65, while Tribhovandas Bhimji Zaveri hit its 10% upper circuit at Rs 519.75. Shankesh Jewellers gained 7.91% to Rs 106.84, and Thangamayil Jewellery advanced 3.16% to Rs 5,500.
The gains came amid higher trading volumes across the jewellery counters.
Stock Market Live: Julius Baer Sees Crude Taking Up To 12 Months To Normalise
Julius Baer’s Mark Matthews told NDTV Profit that crude oil prices could take up to 12 months to normalise and may fall towards $60 a barrel over the long term.
Matthews expects the UAE to raise oil production by a few million barrels. He said investors continue to allocate funds to artificial intelligence and are selectively evaluating Indian AI companies.
Stock Market Live: Nifty Falls Below 23,800, Sensex Drops 300 Points
The Nifty 50 fell as much as 108.25 points, or 0.45%, to an intraday low of 23,789.45. The index later traded 93.20 points, or 0.39%, lower at 23,804.50.
The Sensex declined 300.39 points, or 0.39%, to 76,215.04.
Stock Market Live: Empty Qatari LNG Carriers Head Towards Persian Gulf
Six empty LNG carriers linked to Qatar are in the Gulf of Oman or heading there, while another has crossed the Strait of Hormuz towards Qatar, Bloomberg reported.
The vessel movements could allow Qatar to resume LNG exports through the strait.
Stock Market Live: BEML Targets 25-30% Revenue Growth In FY27
BEML aims to grow revenue by 25-30% in FY27 and expects order inflows of Rs 20,000 crore from the second quarter onwards, Shantanu Roy said. The company’s current order book stands at Rs 16,300 crore.
Metro and rail projects account for 70% of the order pipeline, followed by defence at 20% and mining at 10%. BEML also targets export orders worth $200 million in FY27.
Stock Market Live: Finolex Cables Expects To Sustain First-Quarter Growth
Finolex Cables CEO Mahesh Viswanathan said the company expects to sustain its first-quarter growth rate and has taken price increases following higher input costs.
Viswanathan said margins could face some pressure and competition may rise after UltraTech’s entry. He expects the cable sector to grow over the next three to five years, alongside consolidation among smaller companies.
Stock Market Live: KEI Industries Sees Pressure On Wire Margins
KEI Industries CMD Anil Gupta said competition could put pressure on wire margins and prices. The company will consider reducing prices if competitors do so.
Gupta said cable demand remains strong and expects no impact on growth from UltraTech’s entry into the market.
Stock Market Live: August Retail Auto Sales Rise 17.5%
India’s retail automobile sales rose 17.5% from a year earlier to 24.2 lakh units in August, according to FADA. Two-wheeler sales increased 19.7% to 17 lakh units, while passenger vehicle sales grew 16.1% to 4.02 lakh units.
Commercial vehicle sales rose 14.5% to 90,769 units, three-wheeler sales gained 8.6% to 1.22 lakh units and tractor sales increased 0.8% to 87,977 units. FADA expects the festive season to support two-wheeler demand.
Stock Market Live: Purple Style Labs Lists At 7% Discount On NSE
Purple Style Labs discovered its listing price at Rs 535 on the NSE, a 7% discount to its issue price of Rs 575.
The listing price was set at Rs 539 on the BSE, a 6.3% discount to the issue price.
Stock Market Live: Brokerages Retain Mixed Ratings On Hindustan Unilever
Morgan Stanley maintained an ‘equal-weight’ rating with a target price of Rs 2,480, while HSBC retained ‘buy’ and cut its target to Rs 2,440. Macquarie maintained ‘outperform’ with a target of Rs 2,860, and Jefferies retained ‘buy’ while reducing its target to Rs 2,450.
The brokerages cited Hindustan Unilever’s volume-led growth strategy, 22–24% EBITDA margin guidance and planned capital expenditure of 3% of revenue.
Stock Market Live: Fundraising Plans Trigger Mixed Moves Across Stocks
AXISCADES Technologies rose 1.86%, while Paisalo Digital and Ola Electric gained 0.66% and 0.42%, respectively, after announcing fundraising plans.
Sammaan Capital fell 1.56%, Precision Wires declined 1.11%, RBL Bank lost 0.75% and PNB Housing Finance slipped 0.14%.
Stock Market Live: Management Changes Trigger Mixed Moves Across Stocks
Texmaco Rail rose 2.32% after appointing Shibu Mathews as chief financial officer, while Goodluck India gained 0.97% following Ashok Kumar Vashisht’s appointment as group CFO.
Bandhan Bank fell 1.32%, IIFL Finance declined 1.11% and GNFC slipped 0.10% after their respective management and board changes.
Stock Market Live: PVR Inox Falls 7% After Report On Internal Probe
PVR Inox shares fell 7.27% to Rs 1,138 after touching an intraday low of Rs 1,126.60. The Economic Times reported that the company asked a senior executive to leave following an internal investigation into alleged kickbacks.
PVR Inox said it has governance mechanisms to review internal matters and called insinuations against its current stakeholders baseless.
Stock Market Live: Nifty Falls Nearly 23,800, Sensex Declines 250 Points
The NSE Nifty 50 fell as much as 0.3% to 23,818.50
The BSE Sensex fell as much as 0.34% or 264 points to 76,251.46
Stock Market Live: HEG Demerger On Corporate Action Radar
HEG's demerger is among the corporate actions on the market calendar, putting the restructuring event on Monday's radar.
Stock Market Live: Jindal Worldwide Price Band Cut To 10%
Jindal Worldwide has also moved to a narrower price band under the latest trading tweaks.
- Price band reduced from 20% to 10%.
Stock Market Live: Rhetan TMT Price Band Cut To 5%
Rhetan TMT has moved to a narrower daily price band, following a trading surveillance change.
- Price band reduced from 10% to 5%.
Stock Market Live: Paisalo Promoter Group Pledges Additional Shares
Promoter group entities of Paisalo Digital have pledged shares, adding a capital-structure disclosure to the stock's market cues.
- Pri Cap Private Limited pledged 87,00,000 shares.
- Pro Fitcch Private Limited pledged 87,00,000 shares.
- Equilibrated Venture Cflow Private Limited pledged 1,22,00,000 shares.
Stock Market Live: Nifty Flat, Sensex Rises In Pre-Market Trade
The Nifty 50 fell 1.60 points, or 0.01%, to 23,896.10 in pre-market trade. The Sensex gained 30.22 points, or 0.04%, to 76,545.65.
Stock Market Live: Rupee Opens 10 Paise Higher Against US Dollar
The rupee opened 10 paise higher at 94.39 against the US dollar, compared with its previous close of 94.49.
Stock Market Live: Cantabil Gets Rating Upgrade To A+
ICRA has upgraded Cantabil Retail India's long-term bank facility rating while retaining its short-term rating at A1.
- Long-term rating upgraded to A from the earlier level.
- Outlook: Stable.
- Short-term rating: A1.
- Upgrade covers Rs 75 crore of banking facilities.
Stock Market Live: L&T Retains AAA Rating On NCDs
CRISIL has assigned or reaffirmed its AAA rating on Larsen & Toubro's non-convertible debentures.
- Rating: CRISIL AAA.
- Outlook: Stable.
Stock Market Live: New F&O Timings
From today, market and limit orders will be accepted during the first five minutes of the pre-open session, from 9:00 am to 9:05 am.
- 9:00 am-9:05 am: Market and limit orders allowed
- 9:05 am-9:10 am: Only limit orders allowed
- 9:10 am-9:12 am: Order matching and opening price determination
- Market-market orders: First priority during pre-open matching
Stock Market Live: Canara Bank Gets AA+ Rating For AT1 Bonds
India Ratings has assigned a rating to Canara Bank's Basel III AT1 bonds while affirming its issuer and other debt ratings.
- IND AA /Stable assigned to Rs 45 billion Basel III AT1 bonds.
- IND AAA/Stable issuer, infrastructure and Tier 2 ratings affirmed.
- Existing AT1 bonds retained at IND AA /Stable.
Stock Market Live: Zydus Lifesciences US Unit Agrees $5.9 Million Settlement
Zydus Lifesciences' US subsidiary has agreed to settle certain claims in a US generic pharmaceuticals pricing litigation.
- Settlement amount: USD 5.9 million.
- Matter relates to Generic Pharmaceuticals Pricing Antitrust Litigation.
- Settlement is without admission of fault or wrongdoing.
Stock Market Live: Molbio Diagnostics Reports Q1 Revenue Up 309.6%
Molbio Diagnostics reported its Q1FY27 consolidated earnings, with revenue and profit moving higher year on year.
Molbio Diagnostics (Q1FY27, Consolidated YoY)
- Revenue at Rs. 408 cr vs Rs. 100 cr, up 309.6% YoY.
- EBITDA at Rs. 101 cr vs Rs. -15 cr YoY.
- EBITDA Margin at 24.6% vs -15.2% YoY.
- Net Profit at Rs. 59 cr vs Net Loss Rs. -24 cr YoY.
Stock Market Live: Manorama Industries Approves Rs 75 Crore Overseas Infusion
Manorama Industries has approved capital infusion into six wholly owned overseas subsidiaries and appointed a new independent director.
- Capital infusion of up to Rs 75 crore approved.
- Six subsidiaries are located in Ghana, Nigeria, Burkina Faso, Chad, Brazil and UAE.
- Dr Rohini Tiwari appointed Additional Independent Director for five years.
Stock Market Live: Goodluck India Appoints Group CFO
Goodluck India has appointed Ashok Kumar Vashisht as Group Chief Financial Officer, effective September 5.
- Appointment effective September 5, 2026.
Stock Market Live: Euro India Fresh Foods Makes Two Board Appointments
Euro India Fresh Foods has approved two director appointments, changing the composition of its board.
- Jayesh Jethalal Patel appointed Independent Director with effect from September 5, 2026.
- Dineshkumar Pragjibhai Monpara appointed Additional Director.
Stock Market Live: IIFL Finance Independent Director Steps Down
Ramakrishnan Subramanian has ceased to be an independent director of IIFL Finance.
- Effective date: September 5, 2026.
Stock Market Live: Bandhan Bank Board Recommends Babbar Reappointment
Bandhan Bank's board has recommended the reappointment of Rajinder Kumar Babbar as Executive Director and Chief Business Officer.
- Proposed tenure: three years.
- New tenure would begin March 8, 2027.
Stock Market Live: GNFC Gets New Acting Managing Director Nominee
The Gujarat government has withdrawn the nomination of Rajkumar Beniwal as GNFC managing director and nominated Sanjeev Kumar, IAS, to hold additional charge.
- Rajkumar Beniwal's nomination withdrawn.
- Sanjeev Kumar, IAS, nominated to hold additional charge as MD.
- Formal appointment and charge handover remain pending.
Stock Market Live: SEAMEC Swordfish Resumes Operations After Maintenance
SEAMEC has resumed operations of the SEAMEC SWORDFISH following completion of planned maintenance.
- Vessel rehired from September 6, 2026.
- Resumption ends the vessel's off-hire period.
Stock Market Live: EaseMyTrip Highlights International And Mobility Expansion
EaseMyTrip has identified international operations and mobility as key areas of focus in its FY26 annual report.
- Middle East remains a focus within international operations.
- Mobility expansion includes YoloBus and electric mobility initiatives.
- Company plans further international offices, subsidiaries and region-specific offerings.
- Tier-2 and Tier-3 penetration remains a focus through franchise and agent network expansion.
Stock Market Live: Studds Targets Rs 1,000 Crore Plus Medium-Term Revenue
Studds has outlined capacity expansion and product diversification plans in its FY26 annual report.
- Facility V to add 3 million units of capacity.
- Phase-I capacity of 1.5 million units expected to be operational by Q2FY27.
- Company is scaling SMK as a higher-margin and higher-value growth engine.
- Medium-term revenue ambition: Rs. 1,000 crore.
- Expansion planned across riding gear, Bluetooth products, bicycle helmets and smart-safety platforms.
Stock Market Live: HFCL Targets Rs 500 Crore Defence Revenue In FY27
HFCL has outlined its defence manufacturing ambitions in its FY26 annual report, including a targeted revenue contribution for FY27.
- Defence manufacturing revenue target: Rs 500 crore for FY27.
- Company aims to generate over 85% of total revenue from its product portfolio in FY27.
- More than 50% exports estimated contribution to total revenue from FY27 onwards.
- Chennai facility targeting an 80–90% renewable share by FY27.
Stock Market Live: Nazara Cuts Preferential Issue Size To Rs 730.8 Crore
Nazara Technologies has revised down the size of its proposed preferential issue after excluding one allottee because of document-related delays.
- Revised issue size: Rs 730.8 crore from Rs 733.5 crore.
- Proposed equity shares: 2.39 crore from 2.40 crore.
- One proposed allottee excluded.
Stock Market Live: Nykka Raises Earth Rhythm Stake To 24.2%
Nykka has approved a further increase in its holding in subsidiary Earth Rhythm Private Limited.
- Shareholding to be increased to 24.2%.
- Target company: Earth Rhythm Private Limited.
Stock Market Live: Eicher Motors Launches Himalayan 440 At Rs 2.29 Lakh
Eicher Motors has launched the Himalayan 440, adding a new motorcycle to its premium product portfolio.
- Price: Rs. 2.29 lakh ex-showroom.
- Bookings opened September 4, 2026.
Stock Market Live: Brigade Group Launches Hyderabad Project With Rs 2,700 Crore Potential
Brigade Group has expanded its Hyderabad presence with the launch of Brigade Barcelona in Neopolis.
- Project revenue potential: over Rs. 2,700 crore.
- Project: Brigade Barcelona.
- Location: Neopolis, Hyderabad.
Stock Market Live: Lemon Tree Hotels Adds 145 Rooms In Bodhgaya
Lemon Tree Hotels has signed two hotel agreements in Bodhgaya while also de-flagging an existing Gurugram property.
- Two Bodhgaya agreements add 145 rooms.
- Company de-flagged its 80-room Gurugram hotel effective September 3.
Stock Market Live: EFC Sells Sanvritti Alpha Stake For Rs 39 Crore
EFC (I) has sold its entire holding in Sanvritti Alpha, with the subsidiary ceasing to be part of the group.
- Stake sold: 100%.
- Sale consideration: Rs 39 crore.
- Sale-and-leaseback arrangement will continue.
Stock Market Live: SIS Raises Updater Services Stake To 10%
SIS has increased its holding in Updater Services, taking its stake to 10%.
- Additional shares acquired: 12.15 lakh.
- Purchase value: Rs 28.54 crore.
- Stake increased to 10% from 8.19%.
Stock Market Live: Auto Stocks Get Fresh Product And Battery Triggers
The auto space has multiple company-specific developments spanning new vehicle launches and battery manufacturing.
- Maruti Suzuki launched the new Baleno.
- Eicher Motors launched the Himalayan 440.
- Kabra Extrusion received a battery pack development and supply nomination from a Vietnam passenger vehicle maker.
- Kabra also approved investments in UAE and Vietnam subsidiaries for battery manufacturing.
Stock Market Live: Lupin, Cohance And Indoco In Pharma Regulatory Focus
Pharma stocks have a mix of regulatory developments, with Lupin receiving an approval while Cohance Lifesciences and Indoco Remedies reported USFDA developments.
- Lupin received US FDA approval for Modafinil tablets.
- Cohance Lifesciences received four observations after a Shamshabad inspection.
- Indoco Remedies reported a USFDA inspection at its Goa sterile facility.
Stock Market Live: Greenlam Industries To Buy 26% Of Solar SPV
Greenlam Industries plans to acquire a minority stake in Bhadla Minigrid Solar 4, a captive power project vehicle.
- Stake: 26%.
- Investment: Rs 2.065 crore.
- Bhadla Minigrid Solar 4 is an SPV established to own and operate a captive power plant.
Stock Market Live: CIE Automotive India Buys CIE Hosur Shares
CIE Automotive India has acquired additional shares in its wholly owned subsidiary CIE Hosur through a rights issue.
- Shares acquired: 69.4 lakh.
- Investment: Rs. 120.76 crore.
- Transaction carried out through a rights issue.
Stock Market Live: Companies On Fund-Raising Radar Today
Several companies have board or shareholder-approved fund-raising proposals, putting capital raising among the key corporate themes.
- Ola Electric: up to Rs 1,500 crore.
- AXISCADES Technologies: up to Rs 200 crore through NCDs.
- Paisalo Digital: up to Rs 180 crore through unsecured NCDs.
- Precision Wires: Rs 150 crore CCD issue.
- PNB Housing Finance: NCB issue through private placement under consideration.
- RBL Bank: foreign currency bonds/notes and other debt securities under consideration.
- Sammaan Capital: renewal of private placement debt issuance under consideration.
Stock Market Live: Cyient Completes Acquisition Of Tao Digital Solutions
Cyient has completed its acquisition of US-based Tao Digital Solutions, following the transaction announcement made in May.
- Cyient now holds 100% of Tao Digital Solutions.
- Target is based in the US.
Stock Market Live: Stocks With Fresh Management Changes In Focus
Several companies have reported management or board changes, creating individual leadership-related market triggers.
- Texmaco Rail appointed Shibu Mathews as CFO.
- Goodluck India appointed Ashok Kumar Vashisht as Group CFO.
- GNFC nominated Sanjeev Kumar, IAS, to hold additional charge as MD.
- Bandhan Bank recommended Rajinder Kumar Babbar's reappointment as Executive Director and Chief Business Officer.
- IIFL Finance disclosed the cessation of Ramakrishnan Subramanian as Independent Director.
Stock Market Live: Phoenix Mills Gets NCLT Nod For Subsidiary Merger
Phoenix Mills has received NCLT approval for a merger involving six step-down subsidiaries, simplifying the group's structure.
- Six step-down subsidiaries to merge into Astrea Real Estate Developers.
- Astrea is a subsidiary of Phoenix Mills.
Stock Market Live: Real Estate Stocks Bring Fresh Project And Hotel Cues
Real estate-linked companies have announced new projects, hotel additions and restructuring developments.
- Brigade Group launched Brigade Barcelona in Hyderabad.
- Lemon Tree Hotels signed two Bodhgaya agreements adding 145 rooms.
- Phoenix Mills received NCLT approval for a merger involving six step-down subsidiaries.
- Pranav Constructions' Rs. 351 crore IPO opens for subscription on September 7.
Stock Market Live: NAVA Plans 55–60 Day Shutdown Of Odisha Power Unit
NAVA has scheduled a maintenance shutdown at one of its Odisha power units, temporarily taking capacity offline for routine work.
- Planned shutdown period: 55–60 days.
- Affected facility: one of three 60 MW Odisha power units.
- Work involves routine maintenance and overhauling.
Stock Market Live: Indoco Remedies Undergoes USFDA Inspection At Goa Plant
Indoco Remedies has disclosed a USFDA inspection at its sterile manufacturing facility in Goa, putting the regulatory development on the stock's radar.
- Inspection relates to Plant II (Sterile).
- Facility is located in Goa.
Stock Market Live: Cohance Lifesciences Gets Four USFDA Observations
Cohance Lifesciences' Shamshabad facility was inspected by the US FDA, with four observations issued through a Form 483.
- Inspection period: August 27 to September 4, 2026.
- Facility: Shamshabad FDF plant.
- Form 483 issued with four observations.
Stock Market Live: Carraro India Faces Rs 15.24 Crore IGST Demand
Carraro India has received a customs order confirming a differential IGST demand and penalty, with the company planning an appeal.
- Differential IGST demand: Rs. 15.24 crore plus interest.
- Penalty: Rs. 5 crore.
- Company will appeal the order.
Stock Market Live: Neogen Chemicals Faces Rs 6.97 Crore Tax Demand
Neogen Chemicals has disclosed a tax demand, adding a regulatory development to the stock's news flow.
- Tax demand: Rs 6.97 crore.
Stock Market Live: UBL Wins Bombay HC Relief On Rs 21.92 Crore Tax Demand
United Breweries has received relief after the Bombay High Court dismissed a Revenue appeal relating to a service tax demand.
- Service tax demand involved: Rs 21.92 crore.
- Bombay High Court dismissed the Revenue appeal.
Stock Market Live: Lupin Gets US FDA Nod For Modafinil Tablets
Lupin has received US FDA approval for Modafinil tablets, adding a regulatory approval to the pharma company's news flow.
- Approval covers Modafinil tablets 100 mg and 200 mg.
- Reference drug annual US sales: USD 70.7 million.
Stock Market Live: RVNL Bags Rs 903 Crore Buxar Rail Siding Order
RVNL has secured a Rs 903 crore order from SJVN Thermal for rail infrastructure at the Buxar Thermal Power Project.
- Order value: Rs 903 crore.
- Work includes construction of a permanent rail siding and aerial track connection.
- Project relates to the 1,320 MW Buxar Thermal Power Project in Bihar.
Stock Market Live: Mazagon Dock Wins Rs 118 Crore MSETCL Order
Mazagon Dock Shipbuilders has received an order from MSETCL for an AI-based infrastructure security project.
- Order value: Rs 118 crore.
- Project covers supply, installation and commissioning.
- Deployment across five substations.
- Execution period: 24 months.
Stock Market Live: TCS HyperVault Plans AI Data Centre Campus In Telangana
TCS HyperVault is set to establish a large-scale AI data centre campus in Telangana, adding an infrastructure and artificial intelligence development to the IT major's news flow.
- Campus to be established by HyperVault AI Data Center Limited.
- HyperVault AI Data Center Limited is a subsidiary of TCS.
Stock Market Live: ASK Automotive JV Starts Commercial Production In Rajasthan
ASK Automotive's joint venture ASK GTD Control Cables has started commercial production from its Rajasthan facility.
- Commercial production and supplies commenced on September 5, 2026.
- Facility is located in Karoli, Rajasthan.
Stock Market Live: Sammaan Capital To Consider Debt Instrument Issuance
Sammaan Capital is scheduled to seek approval for renewing issuance of debt instruments through private placement.
- Proposal relates to renewal of private placement of debt instruments.
Stock Market Live: RBL Bank Board To Consider Foreign Currency Debt
RBL Bank is set to consider enabling issuance of foreign currency bonds, notes or other debt securities under its funding programme.
- Proposal covers foreign currency bonds/notes and other debt securities.
- Board to consider funds under a Euro Medium Term Note Programme.
Stock Market Live: PNB Housing Finance To Consider Private Placement
PNB Housing Finance is scheduled to consider raising funds through privately placed non-convertible bonds.
- Board meeting to consider fund raising through issuance of NCBs via private placement.
Stock Market Live: Balu Forge Shareholders Clear FCCB Fund Raise
Balu Forge Industries shareholders have approved a fund-raising plan through foreign currency convertible bonds along with other corporate authorisations.
- Fund raising through FCCBs approved.
- Borrowing limits enhanced.
- Board authorised to create charges on company assets.
Stock Market Live: Som Distilleries Board Approves Rs 25 Crore Warrant Issue
Som Distilleries has approved the issue of warrants to promoter Deepak Arora, creating a fresh fund-raising trigger.
- Up to 32,12,955 warrants approved.
- Proposed fund raising: Rs 25 crore.
- Issue is to promoter Deepak Arora.
Stock Market Live: Precision Wires Gets Approval For Rs 150 Crore CCD Issue
Precision Wires' EGM has approved a capital-raising plan through compulsorily convertible debentures.
- Issue size: Rs 150 crore.
- Securities: 37.5 lakh CCDs.
- Funds intended for working capital and capex.
Stock Market Live: Paisalo Digital Approves Rs 180 Crore NCD Placement
Paisalo Digital has approved a private placement of unsecured non-convertible debentures, adding a fresh borrowing plan to its corporate actions.
- NCD issue size: up to Rs 180 crore.
- Coupon: 12%.
- Allotment date: September 18, 2026.
Stock Market Live: Bank Of Maharashtra Establishes $500 Million Note Programme
Bank of Maharashtra has established a USD 500 million Euro Medium Term Note Programme, giving the lender a fresh debt-market funding framework.
- Programme size: USD 500 million.
- Instrument: Euro Medium Term Notes.
Stock Market Live: NLC India Approves $100 Million ECB
NLC India has approved an external commercial borrowing programme, adding a financing development to the stock's market cues.
- ECB approved: USD 100 million.
- Record date fixed for September 22, 2026.
Stock Market Live: Kabra Extrusion Plans Rs 750 Crore Battery Expansion
Kabra Extrusion Technik has approved investments in subsidiaries in the UAE and Vietnam as it expands its battery manufacturing operations.
- Total investment of up to Rs 750 crore across the UAE and Vietnam subsidiaries.
- Expansion is focused on battery manufacturing.
- GEON also received a nomination from a Vietnam passenger vehicle maker for battery pack development and supply.
Stock Market Live: AXISCADES Plans Rs 200 Crore NCD Issue
AXISCADES Technologies has approved a private placement of non-convertible debentures to fund an acquisition and related expenses.
- Fund raising of up to Rs 200 crore.
- NCD coupon: 12.5%.
- Proceeds earmarked for acquisition of Bengaluru-based Cloud Wave Technologies.
- Funds will also cover related transaction expenses.
Stock Market Live: Texmaco Rail Wins Wagon Orders Worth Rs 131.36 Crore
Texmaco Rail has received two domestic wagon orders, adding a fresh order-flow trigger for the railway equipment maker.
- Two domestic wagon orders worth Rs. 131.36 crore.
- Shibu Mathews appointed Chief Financial Officer with effect from September 5, 2026.
Stock Market Live: ICICI Securities Initiates Amagi Coverage With Buy
ICICI Securities has started coverage on Amagi Media Labs, highlighting cloud migration, operating leverage and AI products.
ICICI Securities
• Rating: BUY
• Target price: Rs. 700
• Cloud migration in media remains at an early stage.
• Adjusted EBITDA turned positive in FY26.
• Margins expected to improve through operating leverage.
• Revenue growth supported by cross-selling and upselling.
• AI products seen as key revenue and margin drivers.
Stock Market Live: Goldman Sachs Keeps Wipro At Sell With Rs 172 Target
Goldman Sachs has retained its Sell rating on Wipro, citing subdued near-term growth and muted discretionary spending.
Goldman Sachs
• Rating: SELL
• Target price: Rs. 172
• Near-term growth outlook remains subdued.
• Discretionary spending remains muted.
• Recently ramped-up deals should aid revenue growth.
• BFSI remains resilient with a strong pipeline.
• Healthcare faces pressure from policy changes.
• 1QFY27 marks the bottom for margins.
• AI deflation impact could take a few more quarters to fully play out.
Stock Market Live: Goldman Sachs Keeps TBO Tek At Buy
Goldman Sachs has maintained its Buy rating on TBO Tek, pointing to travel-sector expansion and operating leverage.
Goldman Sachs
• Rating: BUY
• Target price: Rs. 1,800
• Expects over 20% annual growth and faster EBITDA growth.
• Global travel remains largely offline.
• Direct supply accounts for around 40% of hotel GTV.
• Travel agents fulfil only 30–40% of demand through TBO.
• Europe is a high-margin market.
Stock Market Live: Goldman Sachs Keeps Info Edge At Buy With Rs 1,410 Target
Goldman Sachs has retained its Buy rating on Info Edge after a management meeting, citing growth across recruitment and real estate classifieds.
Goldman Sachs
• Rating: BUY
• Target price: Rs. 1,410
• Premium hiring growing 25–30% YoY.
• AI Rex has nearly 400 paid clients.
• JobHai aims to double revenue in FY27 versus FY26.
• Real estate classifieds remains the market leader in traffic and supply.
• Management expects 20–25% sustainable annual billings growth in real estate classifieds.
Stock Market Live: ICICI Securities Starts Coverage On Prime Focus With Buy
ICICI Securities has initiated coverage on Prime Focus, highlighting DNEG's order pipeline and the company's expansion into AI-led media opportunities.
ICICI Securities
• Rating: BUY
• Target price: Rs. 375
• DNEG order book at US$1 billion, with 60% contracted and 40% highly visible pipeline.
• India VFX market expected to grow at 12% CAGR.
• Over 90% of revenue comes from recurring customers.
• Expansion underway into theme parks, gaming and digital concerts.
• Brahma AI seen as a key growth trigger and valued at US$1.43 billion.
Stock Market Live: HUL Draws Mixed Brokerage Views After Analyst Day
Brokerages have retained varied views on Hindustan Unilever after its analyst day, with target prices ranging from Rs 2,440 to Rs 2,860.
Morgan Stanley
• Rating: EQUAL-WEIGHT
• Target price: Rs. 2,480
• Focus remains on volume-led growth.
• Consumption and premiumisation expected to contribute 40% of growth, market-making 40% and innovation the balance.
• EBITDA margin guidance widened to 22–24%.
• Capex increased to 3% of revenue.
HSBC
• Rating: BUY
• Target price cut to Rs. 2,440 from Rs. 2,450.
• Volume-led growth to be driven by Consumption & Premiumisation, Market-making and New Spaces.
• EBITDA margin guidance widened to 22–24%.
• Expects growth pickup in coming quarters.
Macquarie
• Rating: OUTPERFORM
• Target price: Rs. 2,860.
• Consumption/premiumisation to drive 40% of incremental sales; market-making 40%; new growth spaces 20%.
• EBITDA margin guidance widened to 22–24%.
• Capex to rise to 3% of sales from 2% over the next five years.
Jefferies
• Rating: BUY
• Target price cut to Rs. 2,450 from Rs. 2,850.
• Strategy focused on broader reach and segment-led growth.
• Premiumisation, category creation and deeper distribution remain growth drivers.
• Upper end of medium-term EBITDA margin range raised to 24%.
Stock Market Live: Nomura Raises Avalon Technologies Target To Rs 2,767
Nomura has raised its target price on Avalon Technologies after the company announced a joint venture with Zollner Elektronik AG.
Nomura
• Rating: BUY
• Target price raised to Rs 2,767 from Rs 2,211.
• JV to focus on PCBA, box-build and system integration manufacturing in India.
• Zollner to initially hold 51%.
• Avalon can acquire an additional 2% after three years of commercial production.
• Estimated total JV investment at around US$30–50 million.
• JV expected to support EU diversification and be margin accretive.
Stock Market Live: Jefferies Keeps Fortis Healthcare At Buy
Jefferies has maintained its Buy view on Fortis Healthcare after an investor call covering the forensic audit ordered by the Delhi High Court.
Jefferies
• Rating: BUY
• Target price: Rs. 1,125
• Delhi HC-ordered forensic audit is unlikely to disrupt operations, expansion plans or strategy.
• IHH reiterated commitment to Fortis and is willing to provide additional capital if required.
• Company sees no change in FY27 guidance.
• Management remains confident of achieving 25% EBITDA margins by FY28.
• Jaipur and Faridabad hospitals continue to improve margins.
• Oncology planned to be added at facilities where currently absent.
Stock Market Live: Goldman Sachs Keeps LTM At Neutral With Rs 3,870 Target
Goldman Sachs has retained its Neutral rating on LTM, citing an improving BFSI environment alongside continued weakness in travel.
Goldman Sachs
• Rating: NEUTRAL
• Target price: Rs. 3,870
• FY27 revenue growth expected to remain broadly similar to last year.
• 3Q growth likely to be stronger than 2Q, aided by deal ramp-ups.
• EBIT margins expected to improve in FY27.
• BFSI seeing month-on-month improvement; Travel remains weak.
• Tech vertical challenges largely behind the company.
• Randstad acquisition expected to be integrated in 3QFY27.
• Medium-term ambition remains double-digit growth.
• AI creating pressure in some legacy areas while opening new growth opportunities.
• Around 25% of code is now AI-generated, with scope to increase further.
Stock Market Live: ICICI Bank Gets RBI Nod For LIC Stake Up To 9.99%
The RBI has approved LIC's proposed increase in its holding in ICICI Bank, putting the lender's shareholder structure in focus.
- LIC can acquire an aggregate holding of up to 9.99% of ICICI Bank's paid-up share capital or voting rights.
- The acquisition must be completed within one year from the approval date.
Stock Market Live: JSW Steel August Production Rises 3% YoY
JSW Steel reported higher consolidated crude steel production in August, providing a monthly operating update for the company.
JSW Steel
Crude steel production up 3% YoY to 24.65 lakh tonnes.
Indian operations production up 4% YoY to 23.87 lakh tonnes.
Capacity utilisation at 88%.
Stock Market Live: NLC India Renewables Wins 275 MW Gujarat Storage Project
NLC India Renewables has secured a Gujarat battery storage project, adding a renewable-energy order trigger to the stock.
- Project capacity: 275 MW/550 MWh.
- Letter of intent received from GUVNL.
Stock Market Live: Maruti Suzuki Launches New Baleno At Rs 6.10 Lakh
Maruti Suzuki has introduced a refreshed Baleno with new technology and powertrain features, adding a new product trigger for the auto major.
- New Baleno prices start at Rs 6.10 lakh.
- Features segment-first Level 2 ADAS.
- Gets ventilated front seats and the new Z12E engine.
- Design has also been refreshed.
Stock Market Live: Ola Electric Plans Up To Rs 1,500 Crore Fund Raise
Ola Electric has received board approval to raise funds, putting its capital-raising plans in focus.
- Fund raising of up to Rs 1,500 crore approved.
- Possible routes include QIP, rights issue, preferential issue or other permitted securities.
- Board also approved an increase in authorised share capital.
- COO Hyun Shik Park's resignation was noted.
Stock Market Live: Tata Motors Launches Iveco Takeover Offer
Tata Motors has launched an all-cash tender offer for Iveco Group, making the proposed acquisition a key corporate development for the stock.
- Offer price: EUR 14.10 per share.
- Iveco valuation: EUR 3.82 billion.
- Acceptance period: September 7 to October 26, 2026.
- Iveco's board has unanimously recommended the offer.
Stock Market Live: US-Iran Tensions Raise Hormuz Supply Concerns
The US struck three Iranian oil tankers over the weekend, while Washington accused Iran of attacking US Navy warships with ballistic missiles.
Iran said it plans to establish a restricted zone outside the Strait of Hormuz and claimed it attacked three tankers in response. The Iranian claim has not been independently verified.
Stock Market Live: Iran Nuclear Deal Uncertainty Keeps Crude Oil In Focus
US Energy Secretary Chris Wright said a nuclear agreement with Iran may not be imminent and could be left to a future Iranian administration.
Investors will track crude oil prices and developments around the Strait of Hormuz as the US and Iran continue to exchange strikes.
Stock Market Live: Brent Crude Trades Near $97, Natural Gas Prices Rise
- Brent crude rose as much as 0.8% to about $97 a barrel before paring gains, while West Texas Intermediate traded near $92.
- European natural gas prices climbed as much as 4.2% in thin trade.
Stock Market Live: Asian Markets Rise; Kospi Jumps Over 3%
- South Korea’s Kospi rose 3.18%, while Japan’s Nikkei 225 gained 2.03%. Australia’s S&P/ASX 200 advanced 0.36%.
- Hong Kong’s Hang Seng and China’s Shanghai Composite traded little changed.
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