Stock Market Live Updates: GIFT Nifty Points To Negative Open For Nifty, Sensex; Brent Crude Near $97 A Barrel
GIFT Nifty signalled a cautious start for Indian equities on Monday, falling 48.60 points to 23,999.50, even as major Asian markets opened in positive territory.
GIFT Nifty pointed to a weak start for Indian equities on Monday, slipping 48.60 points to 23,999.50, even as most Asian markets opened higher. Investors remained cautious as fresh military escalation between the US and Iran kept concerns around energy supplies and the Strait of Hormuz in focus.
Across Asia, South Korea's KOSPI surged 3.18%, while Japan's Nikkei 225 advanced 2.03%. Australia's S&P/ASX 200 added 0.36%. Hong Kong's Hang Seng Index and mainland China's Shanghai Composite were largely flat.
The positive mood in Asian equities followed gains in US technology stocks on Friday, which helped improve broader risk sentiment.
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.
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.
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: 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: 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: 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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