Hello and welcome to our live coverage on stock markets.
The Indian stock market ended flat on Tuesday, following weak global market cues, as the escalation in the US-Iran war and the rising crude oil prices dented sentiment.
The BSE Sensex was trading marginally lower below 77,000 level, while the Nifty 50 held above 24,000 level. The Bank Nifty index declined over 1%, weighed down by heavy selling in banking stocks.
Broader markets also reeled under selling pressure, with the Nifty Midcap 100 and the Nifty Smallcap 100 indices trading in the red.
Among sectors, Nifty Pharma, Nifty Realty, Nifty PSU Banks and Nifty Healthcare declined, while gains were seen in Nifty FMCG, Nifty Media, Nifty Metals, Nifty Auto and Nifty IT.
Investors will track oil prices, geopolitical developments and global market cues through the session. India's stronger-than-expected GDP growth of 7.8% in the first quarter of FY27 will also remain in focus.
Asian Markets Lower
Asian equities traded lower on Tuesday. Hong Kong's Hang Seng Index fell 0.93%, South Korea's Kospi declined 0.58% and Japan's Nikkei 225 slipped 0.39%.
Australia's S&P/ASX 200 dropped 0.35%, while the Shanghai Composite was down 0.17%.
The declines followed renewed military exchanges between the US and Iran after a period of relative calm. US forces struck an island in the Strait of Hormuz, while Iran responded with attacks targeting the United Arab Emirates and Jordan.
Oil Prices Rise
Brent crude climbed above $91 a barrel in early Asian trading as the latest escalation raised concerns about energy supplies and shipping through the Strait of Hormuz.
The rise in oil prices adds to the factors investors are monitoring after global equities posted gains in August.
GDP Growth at 7.8%
India's real GDP expanded 7.8% in the first quarter of FY27, exceeding the market estimate of 7.3%. Growth was in line with the revised 7.8% recorded in the previous quarter.
Nominal GDP increased 10.3% during the quarter, while GVA growth stood at 8.2%, above the 7.3% market estimate and the 7.9% growth recorded in the previous quarter.
Manufacturing grew 9.2%, while financial, real estate and professional services expanded 12.1%. Trade, hotels, transport, communication and services-related activities grew 8.5%.
Power, gas, water supply and other utilities increased 8.9%, while construction grew 7.7%. Public administration, defence and other services expanded 7.5%.
Agriculture grew 3.6%, while mining contracted 2.4%.
Sensex, Nifty End Lower
The BSE Sensex ended Monday at 76,597.27, down 307.24 points, or 0.40%. The Nifty50 closed at 24,080.40, falling 95.25 points, or 0.39%.
Metal and IT stocks weighed on the benchmarks. The Nifty Metal index, along with IT, PSU Bank, Realty and Media, declined by up to 3%. Sun Pharma and ICICI Bank were among the top gainers on the BSE.
Broader markets ended mixed. The Nifty SmallCap 100 fell 0.74%, while the Nifty MidCap 100 gained 0.24%.
Wall Street Cues
US stock futures were little changed after Wall Street ended Monday lower, although the main benchmarks still recorded gains in August.
Dow Jones Industrial Average futures rose 48 points, while S&P 500 futures gained less than 0.1%. Nasdaq-100 futures were broadly unchanged. The S&P 500 gained 2.6% in August, while the Nasdaq Composite advanced 3.9%. The Dow rose 1.3%, marking its fifth consecutive monthly gain.
Investors are now assessing whether renewed geopolitical risks and higher oil prices could weigh on markets after the strong performance in August.
Stock Market Wrap: Sectoral Indices Ends Lower
- Sectoral Indices ends lower, except Nifty FMCG and Nifty IT
- Nifty IT is the top sectoral gainer, up nearly 1%
- Nifty Pharma is the worst performing sector, down 1.45%
Stock Market Wrap: Broad-Based Indices Underperforms Benchmark Indices
- Nifty Midcap 150 closed in red, down 1.2%
- Nifty Smallcap 250 closes in red, down nearly 0.1%
- Nifty Smallcap 250 falls for 2nd session
Stock Market Wrap: Maruti Suzuki, Shriram Finance Fall Most In Nifty 50
- Maruti Suzuki and Shriram Finance are the worst performing stocks in Nifty 50
- Maruti Suzuki down over 4.5%, Shriram Finance down 4.4%
Stock Market Wrap: Sensex Closes Below 77,000
Nifty Currently At 24,056 Vs 23,981 At 3:15 PM
Sensex At 76,944 Vs 76,725 At 3:15 PM
Nifty Bank Now At 57,410 Vs 57,264 At 3:15 PM
Nifty Midcap 150 At 23,250 Vs 23,201 At 3:15 PM
Nifty Sees A Spike Of 75 Pts Due To CAS
Sensex Sees A Spike Of 219 Pts Due To CAS
Midcap 150 Sees A Spike Of 49 Pts Due To CAS
Nifty Bank Sees A Spike Of 146 Pts Due To CAS
Stock Market Wrap: Sensex Ends Flat, Nifty 50 Closes Above 24,000
The Nifty 50 settled 24.60 points, or 0.10%, lower at 24,055.80. The Sensex ended 12.99 points, or 0.02%, lower at 76,944.28.
Stock Market Live: Sensex Falls Over 200 Points, Nifty 50 Below 24,000; CAS Session Begins
At 3:15 PM, Sensex settled 232.09 points, or 0.30%, lower at 76,725.18, while the Nifty 50 was down 99.85 points, or 0.41%, at 23,980.55.
Stock Market Live: Maruti Suzuki Aug Production Rises 40%
Maruti Suzuki August Update
- Total Production rises 40% at 2.22 lakh units.
- Total PV Production rises 40% at 2.18 lakh units.
Stock Market Live: Maruti Suzuki Sees String Demand Momentum
Maruti Management In Presser:
- Demand momentum is very strong
- Factory shutdown for 3 days owing to maintenance
- No inventory buildup seen
- Export market faced logistics issues; see this as a short-term issue
- Demand remains strong in export market
Stock Market Live: Tata Consumer Acquires 5% Stake In Capital Foods
- Tata Consumer acquires 5% Stake In Capital Foods
- Co Now Holds 80% Stake In Capital Foods
Exchange filing
Stock Market Live: Maruti August Auto Sale Impact
- Maruti Suzuki India shares were trading 4.74% lower at Rs 12,908 per share.
- This is the biggest intraday fall since Sept 26, 2022 (nearly 4 years)
- Stock near 3-month low
- The shares have fallen 5.65% in one week and 9.34% in one month. The shares are down 22.76% year-to-date and 13.31% in one year.
Stock Market Live: DEE Development Engineers Eyes Nuclear Power Opportunity; JV Talks Underway
-
DEE Development Engineers Ltd. (DDEL) is exploring a joint venture with a global partner to enter India's nuclear power segment, PTI reported citing CMD K L Bansal.
-
The company is looking to provide nuclear piping fabrication solutions for upcoming nuclear power projects in the country.
-
Management said discussions with a global entity are at an initial stage and the proposed JV is expected to be finalized by the end of the year.
-
The project would require an initial capital expenditure of over Rs 100 crore.
-
DDEL aims to support the government's target of building 100 GW of nuclear power capacity by 2047.
-
According to the company, the venture could help reduce India's dependence on imports for nuclear piping fabrication, a critical component in nuclear power plant construction and maintenance.
-
Separately, DDEL recently entered the data centre segment, securing its first order for core piping from a private-sector client.
-
The company has also commissioned India's first heavy-wall seamless pipe manufacturing facility at Anjar, Gujarat, with an annual capacity of 7,000 tonnes.
-
The facility was set up with an investment of over Rs 100 crore and is designed to meet domestic requirements for specialized high-strength pipes used in major power projects.
Stock Market Live: Parle Biscuits Appoints George Kovoor As CEO Effective Sept. 1
- Parle Biscuits has appointed George Kovoor as Chief Executive Officer, effective Sept. 1, 2026.
- Ajay Chauhan will continue as Managing Director.
Key Highlights
- Kovoor brings over 30 years of experience at PepsiCo.
- He has worked across multiple consumer businesses, markets and product categories.
- The leadership change is aimed at building on Parle's existing foundation and unlocking new growth opportunities.
- The company said the appointment comes as it looks to adapt to evolving consumer preferences and market dynamics.
- Kovoor will focus on strengthening capabilities and driving sustainable growth.
George Kovoor Profile
- Over three decades of experience at PepsiCo.
- Veteran consumer-business executive.
- Experience across diverse markets and consumer categories.
- Expertise in driving business performance, talent development and operating in complex market environments.
Stock Market Live: Tata Motors PV August Sales Rise 56%; Domestic PV Sales Up 59%
- Tata Motors passenger vehicle sales rose 56% YoY to 67,753 units in August.
- PV sales came in at 67,753 units, above the estimate of 65,500 units.
- Domestic passenger vehicle sales increased 59% YoY to 65,253 units.
- Passenger vehicle international business sales rose 8% YoY to 2,500 units.
Stock Market Live: TVS Motor August Total Sales Rise 21%; EV Sales More Than Double
- TVS Motor total sales rose 21% YoY to 6.16 lakh units in August.
- Two-wheeler sales increased 21% YoY to 5.91 lakh units.
- Two-wheeler EV sales stood at 59,453 units, compared with 25,138 units a year ago.
- Three-wheeler sales rose 34% YoY to 25,103 units.
- Exports increased 29% YoY to 1.74 lakh units.
Stock Market Live: Texmaco Rail Receives $135 Million LoA For Electric Locomotive Supply
- Texmaco Rail & Engineering has received a Letter of Award (LoA) worth $135 million for the supply of electric locomotives, according to an exchange filing.
- The LoA has been awarded by Tsiko Africa and Barberry Holdings.
Stock Market Live: Ashok Leyland August Total Sales Rise 38%; Domestic Sales Up 43%
- Ashok Leyland's total sales rose 38% YoY to 21,038 units in August.
- Domestic sales increased 43% YoY to 19,438 units.
Stock Market Live: Parle Biscuits Appoints PepsiCo Veteran George Kovoor As CEO
-
Parle Biscuits has appointed George Kovoor as its Chief Executive Officer, effective Sept. 1, 2026, according to a company statement.
-
Kovoor joins the maker of Parle-G, Monaco, Hide & Seek and Melody with over three decades of experience at PepsiCo, where he held leadership roles across multiple consumer businesses and markets.
-
Parle Biscuits Managing Director Ajay Chauhan welcomed the appointment and said the company looks forward to leveraging Kovoor's experience to strengthen capabilities and drive the next phase of growth.
- The appointment comes as Parle looks to further expand its presence in India's highly competitive FMCG and packaged foods market.
- The company said it expects Kovoor's leadership to contribute significantly to its long-term growth strategy and business transformation initiatives.
"We welcome Kovoor and look forward to working closely with him to build on Parle's strong foundation, strengthen our capabilities and open new opportunities for sustainable growth," Chauhan said.
Stock Market Live: Force Motors August Sales Jump 58.2% YoY
-
Force Motors reported total sales of 3,802 units in August 2026, a sharp 58.2% increase year-on-year, according to company data.
-
The strong growth reflects robust demand across the company's vehicle portfolio and a favorable base effect.
-
The August sales performance marks a significant improvement over the corresponding month last year and underscores continued momentum in the commercial and utility vehicle segments.
Stock Market Live: Maruti Suzuki Shares Slip Over 4%
Maruti Suzuki share price slipped over 4% after the company announced August sales data. The auto stock declined as much as 4.20% to Rs 12,912.60 apiece on the BSE.
Stock Market Live: Royal Enfield Total Sales Up 11% YoY To 1.26 Lakh Units
Royal Enfield’s total sales in August grew 11% to 1.26 lakh units from 1.14 lakh units, YoY. Total exports rose 10% to 12,275 units from 11,126 units, YoY.
Stock Market Live: UBS Picks Its Favourite; Sees Private Banks Gaining Share
UBS remains constructive on India's private banks, arguing that years of branch expansion are creating a structural advantage in deposit mobilisation and lending growth. The brokerage maintains its Buy ratings on HDFC Bank, ICICI Bank and Axis Bank, with target prices of Rs 1,000, Rs 1,800 and Rs 1,670, respectively.
UBS' preferred pick among the three is ICICI Bank, while it sees an asymmetric upside risk-reward profile for HDFC Bank. The brokerage believes current valuations do not fully capture the structural growth premium enjoyed by leading private lenders.
According to UBS, ICICI Bank, Axis Bank and HDFC Bank have led branch additions over the past three to four years. The expansion is becoming increasingly important as banks compete for deposits and seek to deepen their lending franchises.
Stock Market Live: Market Volatility Compresses; 24,020 – 24,000 To Act As Support For Nifty 50: Sudeep Shah
The zone of 24,020 – 24,000 will act as a crucial support for the Nifty 50 index while the resistance lies in the zone of 24,250 – 24,270. On the downside, if the index slips below the level of 24,000 then the next support is placed in the zone of 23,870 – 23,850, said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.
In an event of a surge above 24,270, he believes the Nifty 50 index can experience an extension of the rally towards 24,400.
On the options front, meaningful call writing witnessed across 24,200 and 24,300 strikes. On the put side, 24,100 has a substantial open interest, followed by 24,000 strike.
For Sensex, support is at 76,800 while resistance is at 77,600, Shah added.
Stock Market Live: Bharat Coking Coal Total Production Flat YoY At 2.21 MT
Bharat Coking Coal August Business Update (YoY):
- Total Production Of Raw Coal Flat At 2.21 mt
- Total Coking Coal Production Rises 2.8% to 2.18 mt from 2.12 mt
- Total Non-Coking Coal Production Falls 65.9% to 0.03 mt from 0.09 mt
- Total Offtake (Raw Coal) Production Flat at 2.77 mt
Stock Market Live: Priority Jewels IPO Subscribed 55.91 Times So Far On Last Day
Priority Jewels IPO has been subscribed by 55.91 times so far on the last day of the bidding process, NSE data showed. The public issue is booked 71.56 times in the Retail Individual Investors category, and 91.51 times in the Non-Institutional Investors (NII) segment so far. The Qualified Institutional Buyers (QIB) category received 1.82 times subscription.
Stock Market Live: Nifty 50 To Find Support at 23,800, Resistance At 24,900: Monarch Networth Capital
Nifty 50 is likely to trade volatile this week with support at 23,600 - 23,800 and resistance at 24,700 – 24,900, according to Monarch Networth Capital.
Both the benchmark index and Bank Nifty closed last week with indecisive candlestick formations. The Banking index, too, is expected to perform in line with the Nifty 50, with support at 56,000 - 56,500 and resistance at 58,600 - 59,100, it said.
Stock Market Live: Maruti Suzuki Total Sales Rises 21% YoY To 2,19,220 Units
Maruti Suzuki reported total sales of 2,19,220 units in August 2026, registering a growth of 21.32% from 1,80,683 units the year-ago period. The total sales including domestic sales of 180,078 units, sales to other OEM of 5,298 units and exports of 33,844 units.
The company surpassed the milestone of 1 million units in total sales within the first five months of FY 2026-27.
Maruti Suzuki share price traded 3% lower.
Stock Market Live: August GST collections up 14.8% YoY to Rs 1.99 lakh crore
GST collections in August increased by 14.8% YoY to Rs 1.99 lakh crore.
Stock Market Live: Tata Motors August Sales Surge 49 YoY To 44,411 Units
Tata Motors’ total sales in the domestic & international markets during August 2026 increased 49% to 44,411 units from 29,863 units in August 2025.
Stock Market Live: Coal India Production Drops 5.7%, Offtake Rises 5.5% YoY
Coal India’s production in August declined 5.7% to 47.5 mt from 50.4 mt YoY. Coal Offtake rose 5.5% to 60.6 mt from 57.4 mt YoY.
Stock Market Live: Hyundai Motor India Total Sales Up 8.8% YoY To 65,796 Units In August
Hyundai Motor India recorded total monthly sales (domestic exports) of 65,796 units in August 2026, registering a YoY growth of 8.8%. The total sales comprised domestic sales of 54,396 units, up 23.6% YoY and exports of 11,400 units.
“While total exports in August were impacted by logistical constraints arising from the ongoing conflict in West Asia and the broader geo-political environment during the month, we remain optimistic that export demand will continue to be strong in the coming months as the geo-political situation improves,” said Tarun Garg, MD & CEO, Hyundai Motor India.
Stock Market Live: India’s 7.8% GDP Growth Masks Weak Demand, Distorted Deflators: Economist
India's 7.8% real GDP print flatters. But its stability is an accounting coincidence: a large net-export boost cancelling an equally large statistical discrepancy, while a suspiciously soft deflator inflates the real number throughout, said an economist.
“That distortion runs into manufacturing too: the sector's deflator actually contracted even as raw-material costs jumped nearly 35%, which can't be reconciled and mechanically overstates real factory output. Strip all this away and demand-led growth is closer to 6.5%, with private consumption still lagging. This isn't a durable acceleration; it's a quarter that looks stronger in the accounts than the economy feels on the ground, and we can expect a give-back going forward,” said Purvi Mundhra, Deputy Vice President - Economist, Choice Institutional Equities.
Stock Market Live: Kalyan Jewellers Share Price Plummets 6%. What's Behind The Sudden Fall?
Kalyan Jewellers India share price plunged nearly 6% amid elevated trading activity. The selling in Kalyan Jewellers shares comes as investors assess the outlook for gold demand and jewellery purchases, with developments around gold consumption adding to the market's focus on the sector.
The stock has been under pressure over the past three sessions, with shares declining nearly 8%, according to Ravi Singh, Chief Research Officer at Master Capital Services.
Meanwhile, Prime Minister Narendra Modi renewed his appeal for citizens to embrace Atmanirbhar Bharat and the principles of “Swadeshi” and “Vocal for Local”. He also said citizens should refrain from buying gold unless absolutely necessary.
Ravi Singh said Kalyan Jewellers has come under strong selling pressure over the last three sessions, with the stock declining nearly 8%.
He said concerns around gold demand could weigh on jewellery purchases, sales and the company's growth outlook. Singh also noted that similar remarks had affected the stock in the past, making investors cautious.
The analyst described the recent weakness as sentiment-driven and said the stock could decline towards Rs 550 in the near term if selling pressure persists.
Stock Market Live: HDFC Bank Downgraded To Hold By HSBC; Says Stock Needs Meaningful Reversal In Growth, Margins
HDFC Bank Ltd. needs a meaningful improvement in loan growth, margins and return on assets for its stock to reverse its recent underperformance, according to HSBC Global Investment Research, which downgraded the lender to Hold from Buy.
HSBC also cut its target price on HDFC Bank to Rs 830 from Rs 990. The new target implies 15.2% upside from the bank's share price of Rs 720.30 as of Aug. 28.
The brokerage said the stock is unlikely to see a sustained recovery simply because its valuation has become more attractive. It said a reversal in the bank's operating performance is needed to support a broader recovery in the shares.
Stock Market Live: MCX Gold May Find Support At Rs 1,53,300, Resistance At Rs 1,55,500: Ponmudi R
MCX gold price traded lower near Rs 1.54 lakh per 10 grams level. According to Ponmudi R, CEO, Enrich Money, immediate resistance for MCX gold is at Rs 1,55,500 - Rs 1,56,200, and a break above targets next resistance at Rs 1,59,200 - Rs 1,60,000. Immediate support is at Rs 1,53,300 - Rs 152,600, with next support at Rs 1,50,000 - Rs 1,49,300.
“Price is consolidating just below its 20-EMA. Gold’s tone tracks the global setup, with hawkish Fed repricing and Strait of Hormuz tensions keeping bullion under pressure even as the broader August rally remains largely intact. Bias stays cautious, with prices needing to reclaim and sustain above immediate resistance levels, while a break below immediate support could resume weakness,” said Ponmudi R.
Stock Market Live: India Manufacturing PMI Falls To Five-Year Low In August
The HSBC India Manufacturing PMI declined to 52.8 in August from 53.5 in July, marking its lowest level since August 2021.
Stock Market Live: CEAT Expects FY27 Second-Half Revenue To Exceed First Half
CEAT CFO Kumar Subbiah said raw-material costs affected the first quarter by 8–10%. The company raised prices by 5% each in the first quarter and July, followed by a 2% increase in August.
Subbiah expects capacity utilisation to rise over the next six to eight months and second-half revenue to exceed the first half. CEAT aims to transfer more than 90% of Camso’s customers by year-end and achieve double-digit revenue growth in FY27 and FY28.
Stock Market Live: Nifty, Sensex Recover Most Opening Losses
- The Nifty 50 traded 17.95 points, or 0.07%, lower at 24,062.45 after falling 44.65 points at the open.
- The Sensex rose 7.53 points, or 0.01%, to 76,964.80 after opening 89.89 points lower.
Stock Market Live: CEAT Expects FY27 Second-Half Revenue To Exceed First Half
CEAT CFO Kumar Subbiah said higher raw-material costs had an 8–10% impact in the first quarter. The company raised prices by 5% each in the first quarter and July, followed by a 2% increase in August.
Subbiah expects capacity use to rise over the next six to eight months and second-half revenue to exceed the first half in FY27. CEAT aims to transfer more than 90% of Camso’s customers by year-end.
Stock Market Live: JSW MG Motor India August Sales Rise 14%
JSW MG Motor India’s wholesale sales rose 14% from a year earlier to 7,508 units in August, according to Bloomberg.
Stock Market Live: Happiest Minds Says ITC Infotech Merger Values Firms At Rs 18,000 Crore
Happiest Minds said the combined valuation of the two companies would be Rs 18,000 crore and that the merger reflected synergies across customers and employees.
The company said the valuation included a premium and that merger discussions had continued for some time.
Stock Market Live: Tata Group Stocks Trade Mixed; Indian Hotels Falls 3.2%
Tata Motors rose 1.46%, while Tata Elxsi and Tejas Networks gained 0.60% and 0.55%, respectively.
Indian Hotels fell 3.19%, while Tata Consultancy Services and Tata Motors DVR declined 2.18% and 1.51%, respectively.
Stock Market Live: Travel Stocks Trade Mixed After Modi’s Foreign Travel Appeal
Yatra Online rose 5.99%, while Easy Trip and IRCTC gained 0.33% and 0.32%, respectively.
Thomas Cook (India) fell 1.08%, while TBO Tek declined 0.47%. Prime Minister Narendra Modi had urged citizens to reduce foreign travel and support domestic spending.
Stock Market Live: Jewellery Stocks Trade Mixed After PM Modi’s Gold Appeal
Tribhovandas Bhimji Zaveri rose 19.99%, while Vaibhav Global, Renaissance Global and Senco Gold gained between 1.55% and 2.35%.
Sky Gold fell 3.36%, Kalyan Jewellers declined 2.78% and Titan lost 1.15%. The moves followed Prime Minister Narendra Modi’s call for citizens to avoid buying gold unless necessary.
Stock Market Live: Steel Strips Wheels Records Highest Monthly Turnover In August
Steel Strips Wheels’ gross turnover rose 45% from a year earlier to Rs 688 crore in August, while net turnover increased 53.6% to Rs 592 crore.
Passenger car sales grew 21%, while truck and two- and three-wheeler sales rose 53% and 61%, respectively.
Stock Market Live: Oil Marketing Stocks Fall; BPCL Drops 1.8%
Bharat Petroleum fell 1.81%, while Indian Oil Corporation declined 1.61%. Hindustan Petroleum traded 0.82% lower.
Stock Market Live: Hy-Tech Engineers Settles 42% Above Issue Price On NSE
Hy-Tech Engineers settled at Rs 75 on the NSE, a premium of 41.51% to its issue price of Rs 53. The stock closed at Rs 72 on the BSE, up 35.85% from the issue price.
Stock Market Live: Skyways Air Services Settles Below Issue Price
Skyways Air Services’ listing price was discovered at Rs 124 on the NSE, a discount of 10.14% to its issue price of Rs 138. The listing price was set at Rs 124.50 on the BSE, a discount of 9.78%.
Stock Market Live: Symbiotec Pharmalab Sees Listing Price At Rs 988 On NSE
Symbiotec Pharmalab’s listing price was discovered at Rs 988 on the NSE, unchanged from its issue price. The listing price was set at Rs 978.20 on the BSE, a discount of 0.99%.
Stock Market Live: Goldilocks Sees Nifty Support At 23,800–24,000
Goldilocks Global Research’s Gautam Shah told NDTV Profit that the 23,800–24,000 range remains important support for the Nifty 50. He said Indian equities favour a stock-specific approach as broader markets continue to perform.
Shah prefers real estate, financial and technology stocks. He is also positive on pharmaceuticals, capital goods and select metal companies.
Stock Market Live: BofA Raises Bajaj Auto Target Price To Rs 13,700
Bank of America retained its ‘buy’ rating on Bajaj Auto and raised the target price to Rs 13,700 from Rs 12,600.
The brokerage said Latin America had become as large as Africa for the company’s exports and expects the stock’s valuation re-rating to continue.
Stock Market Live: Ravindra Energy Associate Signs MoU For 500 Electric Trucks
Energy In Motion, an associate company of Ravindra Energy, signed an agreement with Oil Field Warehouse and Radiance Green to deploy 500 electric heavy commercial vehicles, according to an exchange filing.
Stock Market Live: Escorts Kubota August Sales Rise 19%
- Escorts Kubota’s total sales rose 19.1% from a year earlier to 10,072 units in August.
- Domestic sales increased 20.5% to 9,523 units, while exports declined 0.9% to 549 units, according to an exchange filing.
Stock Market Live: Happiest Minds Falls 7%, ITC Rises 3% On Merger Plan
- Happiest Minds Technologies fell 7.02% to Rs 378.40, while ITC rose 3.13% to Rs 263.50 after the companies announced a proposed merger involving ITC Infotech.
- Happiest Minds shareholders will receive 25 ITC Infotech shares for every 81 shares held. The transaction also includes a promoter stake sale of 22.1% for Rs 1,329.7 crore.
Stock Market Live: Mahindra August Auto Sales Rise 50%, Miss Estimate
Mahindra & Mahindra’s auto sales rose 50% from a year earlier to 59,257 units in August, below the estimate of 62,000 units. Commercial vehicle sales increased 28% to 42,337 units, while exports rose 71% to 6,054 units.
Tractor sales grew 5% to 29,507 units, above the estimate of 28,950 units. Domestic sales rose 5% to 27,595 units, while exports stood at 1,912 units against 1,916 units a year earlier.
Stock Market Live: Nifty FMCG Leads Gains, Realty Falls 1.8%
- Nifty FMCG rose 0.82%, while Nifty Metal and Nifty Media gained 0.63% and 0.53%, respectively.
- Nifty Realty fell 1.75%, while Nifty Pharma and Nifty Bank declined 1.20% and 1%, respectively.
Stock Market Live: Bharti Airtel, Reliance Support Nifty 50
- Bharti Airtel and Reliance Industries contributed 27.84 points and 27.82 points, respectively, to the Nifty 50. ITC added 18.77 points.
- Axis Bank was the largest drag, pulling the index down by 19.83 points. HDFC Bank and ICICI Bank reduced it by 15.44 points and 13.91 points, respectively.
Stock Market Live: Nifty, Sensex Open Lower
The Nifty 50 fell 44.65 points, or 0.19%, to 24,035.75 at the opening bell. The Sensex declined 89.89 points, or 0.12%, to 76,867.38.
Stock Market Live: Nephrocare Faces Rs 14.79 Crore Uzbekistan Tax Demand
- Nephrohealthcare disclosed a tax assessment and penalty in Uzbekistan, with the company planning to challenge the order.
- Uzbekistan's tax department raised a Rs 14.79 crore assessment and penalty on NCA for 2023-25.
- The company plans to appeal.
Stock Market Live: Avenue Supermarts Gets AAA Rating For Rs 1,000 Crore NCDs
- Avenue Supermarts received the highest domestic credit rating for its proposed non-convertible debentures, adding a funding-market development to the stock's news flow.
- Crisil assigned a AAA/Stable rating to Avenue Supermarts' Rs. 1,000 crore non-convertible debentures.
Stock Market Live: Nifty Flat, Sensex Rises In Pre-Market Trade
The Nifty 50 fell 2.85 points, or 0.01%, to 24,077.55 in pre-market trade. The Sensex gained 36.84 points, or 0.05%, to 76,994.11.
Stock Market Live: Lodha Developers Acquires Remaining Stake In Subsidiary
- Lodha Developers has consolidated its holding in Bellissimo Infratech through the acquisition of the remaining stake.
- The company acquired the remaining 20% stake in Bellissimo Infratech.
Stock Market Live: Rupee Opens 16 Paise Higher At 95 Against US Dollar
The rupee opened at 95 against the US dollar on September 1, compared with its previous close of 95.16.
Stock Market Live: Welspun Corp Sets Up New Subsidiary With 26% Holding
- Welspun Corp has added a new subsidiary structure, with the company retaining a minority stake in the newly incorporated entity.
- Welspun Slagexcel Private Limited was incorporated on August 31, 2026.
- Welspun Corp holds a 26% stake in the entity.
Stock Market Live: SML Mahindra August Sales Rise 40%
- SML Mahindra’s total sales rose 40% from a year earlier to 1,175 units in August.
- Cargo vehicle sales increased 53% to 492 units, while passenger vehicle sales grew 31% to 683 units.
Stock Market Live: Welspun Corp Cancels Clean Max Dhyuthi Stake Sale
- Welspun Corp cancelled its proposed sale of a 26% stake in Clean Max Dhyuthi to promoter group company Welspun Living.
- The proposed transaction was valued at Rs 7.6 crore.
- The transaction will not proceed due to current power demand-supply considerations.
Stock Market Live: ICICI Bank Prices $500 Million Senior Notes
- ICICI Bank priced a $500 million senior unsecured notes issue, adding a funding-market development to the banking sector's news flow.
- ICICI Bank priced USD 500 million senior unsecured notes at 5.308%, maturing September 3, 2029.
Stock Market Live: Wall Street Futures Remain Mixed After August Gains
US stock futures were largely subdued after Wall Street ended Monday lower, with all three major benchmarks still recording monthly gains in August.
- Dow Jones Industrial Average futures rose 48 points.
- S&P 500 futures gained less than 0.1%.
- Nasdaq-100 futures were broadly unchanged.
- The S&P 500 rose 2.6% in August, while the Nasdaq Composite gained 3.9%.
- The Dow advanced 1.3%, marking its fifth consecutive monthly gain.
Stock Market Live: Asia Stocks Fall As Middle East Fighting Escalates
- Asian equities opened lower as renewed military exchanges in the Middle East increased risk aversion and lifted concerns over energy supplies.
- Japan's Nikkei 225 fell 0.49%, South Korea's Kospi declined 0.42% and Australia's S&P/ASX 200 slipped 0.31%.
Stock Market Live: Leap India Q1 Revenue Rises 19.2% YoY
Leap India reported year-on-year growth across revenue, EBITDA and net profit in its first-quarter consolidated results.
Leap India (Q1, Consolidated YoY)
- Revenue up 19.2% to Rs. 203 cr versus Rs. 171 cr.
- Net Profit up 30.7% to Rs. 25 cr versus Rs. 19 cr.
- EBITDA up 22.4% to Rs. 104 cr versus Rs. 85 cr.
- EBITDA Margin at 51.1% versus 49.8%, up 134 bps YoY.
Stock Market Live: MilkyMist Q1 Revenue Rises 43.6% YoY
MilkyMist reported strong year-on-year growth in its first-quarter financials, with revenue, EBITDA and net profit all higher.
MilkyMist (Q1, Consolidated YoY)
- Revenue up 43.6% to Rs. 973 cr versus Rs. 678 cr.
- Net Profit up 890.4% to Rs. 65 cr versus Rs. 7 cr.
- EBITDA up 77% to Rs. 144 cr versus Rs. 81 cr.
- EBITDA Margin at 14.8% versus 12%, up 279 bps YoY.
Stock Market Live: Rays Of Belief IPO Opens On September 1
- Rays of Belief's Mom's Belief unit is opening its public issue today, bringing a fresh IPO to the market.
- The total issue size is Rs. 125 crores.
- The issue is entirely a fresh issue of 52.30 lakh shares of Rs. 125.00 crore.
- It opens for subscription on Sep 1, 2026 and closes on Sep 3, 2026.
Stock Market Live: Deepa Jewellers IPO Opens For Subscription Today
- Deepa Jewellers' public issue opens on September 1, adding a fresh primary-market opportunity to the day's trading calendar.
- The total issue size is Rs. 460 crores.
- The issue comprises a fresh issue of 1.41 crore shares aggregating to Rs. 250.00 crores and an offer for sale of 1.18 crore shares aggregating to Rs. 209.72 crores.
- The issue opens for subscription on Sep 1, 2026 and closes on Sep 3, 2026.
Stock Market Live: Four Stocks Excluded From ASM Framework
Four securities were excluded from the Additional Surveillance Measure framework, changing their surveillance status from September 1.
- Allcargo Logistics Limited
- Bajaj Hindusthan Sugar Limited
- DCM Shriram Industries Limited
- TechNVision Ventures Limited
Stock Market Live: Four Stocks Added To Short-Term ASM Framework
Four securities were shortlisted under Stage I of the short-term Additional Surveillance Measure framework, adding a trading-related monitoring trigger.
- Bodal Chemicals Limited
- Federal-Mogul Goetze (India) Limited
- Omaxe Limited
- Syncom Formulations (India) Limited
Stock Market Live: LIC Housing Finance, SAIL In F&O Ban
- LIC Housing Finance and SAIL entered the derivatives ban period, making them key stocks to track in the F&O segment.
- Securities in ban period: LICHSGFIN, SAIL.
Stock Market Live: Nifty Options Show 24,500 Call, 24,000 Put Walls
- The September 1 Nifty options setup showed the highest open interest at 24,500 on the Call side and 24,000 on the Put side.
- Nifty Options 1st Sep Expiry: Maximum Call open interest at 24,500 & Maximum Put open interest at 24,000.
Stock Market Live: Nifty September Futures Trade At 165-Point Premium
- Nifty futures indicated a premium to the cash market, pointing to the key derivatives setup ahead of trading.
- Nifty September futures were up 0.4% at 24,245, at a premium of 165 points.
Stock Market Live: Great Eastern Shipping Approves Rs 900 Crore Buyback
- Great Eastern Shipping has approved an open-market buyback, adding a significant capital-allocation development to the day's corporate news flow.
- The company approved a Rs 900 crore open-market buyback on August 27, 2026.
Stock Market Live: Wheels India Revises Preferential Issue Price To Rs 1,461
- Wheels India revised the price of its preferential issue following NSE observations, while keeping the planned fund raise unchanged.
- The preferential issue price was revised to Rs 1,461/share from Rs 1,418/share.
- Total fundraise remains Rs 180 crore, with a corresponding reduction in shares to be allotted.
Stock Market Live: Kiri Industries Board Approves Rs 289 Crore Warrant Issue
- Kiri Industries' board approved a preferential warrant issue to promoters, creating a fresh fund-raising trigger.
- The board approved issue of 60.83 lakh warrants to promoters at Rs 475 each.
Stock Market Live: PNB Housing To Consider NCD Fund Raise On September 7
- PNB Housing Finance will consider raising funds through privately placed non-convertible debentures at its upcoming board meeting.
- The board will meet on September 7, 2026, to consider NCD fund raising via private placement.
Stock Market Live: Unimech Shareholders Approve QIP Fund Raise
- Unimech Aerospace and Manufacturing shareholders approved a proposal to raise funds through a Qualified Institutions Placement.
- Shareholders approved raising funds through a Qualified Institutions Placement.
Stock Market Live: Cipla Signs Exclusive HER2 ADC Licensing Deal
- Cipla has entered an exclusive licensing agreement covering development and supply of a HER2 antibody-drug conjugate across multiple markets.
- Cipla signed an exclusive licence to develop and supply Rolditamig Deuderuxtecan with SBP Group.
- The agreement covers India, South Africa and five other markets.
Stock Market Live: PNB Raises 3-Month MCLR By 5 Bps
- Punjab National Bank revised its three-month marginal cost of funds-based lending rate from September 1, while leaving other key rates unchanged.
- 3-month MCLR was raised by 5 bps to 8.50% effective Sept. 1.
- Overnight, 1-month, 6-month, 1-year and 3-year MCLR unchanged.
- RLLR remains at 8.10% and Base Rate at 9.50%.
Stock Market Live: Brigade Enterprises Enters Coimbatore With Rs 600 Crore Project
- Brigade Enterprises has entered Coimbatore through a residential joint development agreement, expanding its project pipeline.
- The company entered Coimbatore with a 5.4-acre residential JDA project.
- The project has a gross development value of about Rs600 crore.
Stock Market Live: Indo Tech Transformers Wins Rs 55 Crore Order
- Indo Tech Transformers secured an order from Waaree Renewable Technologies for five transformers, with execution scheduled through April 2027.
- The order is worth Rs55 crore.
- The five transformers are to be executed by April 2027.
Stock Market Live: NCC Bags Rs 430 Crore Buildings Orders In August
- NCC received three orders for its Buildings Division during August, providing a fresh order-flow update.
- NCC received three orders worth Rs 430.19 crore, excluding GST, during August 2026.
Stock Market Live: Time Technoplast Wins Rs 87.53 Crore CNG Order
- Time Technoplast secured an order from a PSU joint venture involving two Maharatna PSUs, adding a fresh order-flow trigger.
- The order is worth approximately Rs 87.53 crore.
- It covers supply of Type IV Composite CNG Mobile Storage Cascades for the CNG and CGD network.
- Execution is scheduled within one year.
Stock Market Live: NLC Renewables Forms Odisha Green Energy JV
- NLC India Renewables has incorporated a joint venture with Odisha Renewable Energy Development Agency to develop green-energy power plants.
- The wholly owned subsidiary incorporated NIRL OREDA Renewables with OREDA in a 51:49 ratio.
Stock Market Live: NLC India Gets Telangana LOIs For Mineral Blocks
- NLC India received Letters of Intent from Telangana for three mineral blocks after emerging as the preferred bidder.
- NLC India received Letters of Intent from the Telangana government for Composite Licences of the Govindpur and Parvathapur Vanadium, Titanium & Aluminous Laterite blocks.
Stock Market Live: GRT Jewellers Launches Rs 431 Crore Open Offer For TBZ
- GRT Jewellers has launched an open offer for a 25.88% stake in Tribhovandas Bhimji Zaveri following the promoter stake transaction.
- GRT Jewellers launched an open offer to acquire up to 1.73 crore shares, or 25.88% stake, at Rs 249.61/share.
- Total offer size is up to Rs 431.1 crore.
- Promoters sell 74.12% stake to GRT Jewellers at up to Rs209/share.
Stock Market Live: PVR INOX Approves Rs 300 Crore Share Buyback
- PVR INOX approved a Rs 300 crore buyback, with the record date set for September 4, 2026.
- PVR INOX approved a Rs300 crore buyback of 20.69 lakh shares at Rs1,450 each.
- Record date: September 4, 2026.
Stock Market Live: Happiest Minds, ITC Infotech Approve Merger Plan
- Happiest Minds and ITC announced a proposed merger alongside a promoter stake sale, creating a major corporate restructuring trigger.
- Promoters to sell 22.1% stake for Rs1,329.7 crore.
- Board also approved merger with ITC Infotech, with Happiest Minds shareholders to receive 25 ITC Infotech shares for every 81 Happiest Minds shares.
Stock Market Live: E2E Networks Signs Rs 1,000 Crore AI Cloud Deal
- E2E Networks has signed a binding term sheet for supplying NVIDIA Blackwell cloud GPUs and allied services, marking a major contract announcement.
- The agreement is with an India-based sovereign AI company and has a contract value of approximately Rs 1,000 crore.
- The agreement is valid through June 2029.
Stock Market Live: Muthoot Finance Approves Muthoot Money Amalgamation
- Muthoot Finance's board approved a scheme to merge its wholly owned subsidiary Muthoot Money with the company, simplifying the group's structure.
- The board approved the scheme of amalgamation of WOS Muthoot Money with Muthoot Finance.
Stock Market Live: Morgan Stanley Retains Overweight On Muthoot Finance
Morgan Stanley retained its positive view after Muthoot Finance announced the merger of its gold-loan subsidiary with the standalone business.
MS on Muthoot Finance
- Maintain Overweight with TP of Rs 3705.
- Announced merger of gold loan subsidiary with standalone.
- Stated aim of the merger is simplifying the group structure.
- Muthoot Money contributes 5% to SOTP valuation.
- It is valued at an implied FY28e P/BV of 2x vs. 2.5x for the standalone business.
Stock Market Live: HSBC Retains Buy On Airtel At Rs 2,500
HSBC expects Airtel's key growth drivers to remain intact, including mobile ARPU and home broadband expansion.
HSBC on Airtel
- Maintain Buy with TP of Rs 2500.
- Growth levers are intact: rising mobile ARPU, expanding home broadband subs, rising FCF, and growth in dividends.
Stock Market Live: Kotak Sees Oil Palm Upside At Godrej Agrovet
Kotak Securities retained its Buy rating on Godrej Agrovet, highlighting the oil palm business as a potential growth driver.
Kotak Securities on Godrej Agrovet
- Maintain Buy with TP of Rs 1010.
- Oil palm segment deep dive: A hidden gem.
- Long runway for growth.
- Substantial room for improvement in margins – off already healthy levels.
- Oil palm alone could be worth more than Godrej Agrovet’s current market cap.
Stock Market Live: Goldman Sachs Keeps Buy On SJS Enterprises At Rs 3,080
Goldman Sachs expects SJS Enterprises to expand its printing expertise into higher-value cover glass applications while retaining strong margins.
GS on SJS Enterprises
- Maintain Buy with TP of Rs 3080.
- Printing moat to scale up in higher value cover glass segment.
- Maintains 27-30% EBITDA margins compared to average auto ancillary margins of low teens.
- Plans to extend its 20 years of dial printing expertise.
Stock Market Live: Goldman Sachs Retains Buy On Syngene At Rs 450
Goldman Sachs said Syngene's operational turnaround and pipeline conversion remain central to its medium-term outlook.
GS on Syngene
- Maintain Buy with TP of Rs 450.
- Focus remains on turning around the operations.
- Commercial engine reset and pipeline conversion are top priorities.
- Delivery engine being fixed, especially in discovery services.
- Operationalising Unit 3 and Bayview is central to the medium-term growth agenda.
- Large molecules and complex modalities could materially alter the growth trajectory.
- Cost management is being balanced against long-term capability build-out.
- AI is emerging as an innovation productivity lever, but remains early.
Stock Market Live: Jefferies Retains Buy On Allied Blenders At Rs 780
Jefferies sees premiumisation, brand relaunches and backward integration supporting Allied Blenders' medium-term growth and margins.
Jefferies on Allied Blenders
- Maintain Buy with TP of Rs 780.
- Evolving from a turnaround story into a premiumisation-led growth story.
- Management remains confident of sustaining strong momentum in ICONiQ White.
- Relaunch of legacy brands & new launches in premium whisky & Deluxe Vodka should support incremental growth.
- Company expects strong double-digit P&A volume growth over the medium term.
- See meaningful margin expansion over FY26-28e driven by premiumisation & the benefit of backward integration.
Stock Market Live: Goldman Sachs Keeps Buy On Hyundai At Rs 2,640
Goldman Sachs expects Hyundai to benefit from industry growth and new product launches, including a compact electric vehicle.
GS on Hyundai
- Maintain Buy with TP of Rs 2640.
- Expect H2FY27 industry growth on high base margin levers.
- To launch compact EV in Q4 and compete in the Nexon segment.
- All Hyundai EV model will be PLI compliant from day one.
- New Mid Size SUV expected to be in the Creta category but will be a technology first/Software Defined Vehicle, to be launched.
Stock Market Live: Kotak Cuts Tata Motors PV Target To Rs 285
Kotak Securities retained its Sell rating on Tata Motors PV, citing structural pressure at JLR and limited support from India operations.
Kotak Securities on Tata Motors PV
- Maintain Sell; Cut TP to Rs 285 from Rs 310.
- Structural pressure at JLR; India offers limited cushion.
- Rising BEV mix intensifies competition for JLR.
- US pivot is strategically sound, but execution remains the key challenge.
- Mix has peaked, margin recovery will be gradual.
Stock Market Live: Jefferies Retains Buy On Nippon AMC At Rs 1,320
Jefferies expects Nippon AMC's operating processes and expansion into smaller markets to support sustainable fund-flow gains.
Jefferies on Nippon AMC
- Maintain Buy with TP of Rs 1320.
- Reinforcing the Case for Sustainable Flow Market Share Gains.
- NAM's funds have consistently been within top/upper mid-tiers.
- Company attributed this to processes reducing key man dependence and prioritizing long-term returns.
- NAM is also expanding focus to smaller markets with one-man ops and digital channel investments.
Stock Market Live: UBS Upgrades IDFC First Bank To Neutral, Raises TP
UBS raised its target on IDFC First Bank as it sees an improving earnings and asset-quality outlook, although cost-to-income remains a constraint.
UBS on IDFC First
- Upgrade to Neutral from Sell; Hike TP to Rs 92 from Rs 78.
- Improving earnings outlook.
- Asset quality outlook improving, but high C/I ratio limits RoA expansion.
- Branch expansion to support loan growth; margins to remain stable.
- Asset quality improving, but likely already priced in.
- Expect growth to pick up gradually in the high yielding book, though it is likely to lag overall loan growth.
- Consequently, NIMs are likely to remain stable at 5.8% over FY27-29.
Stock Market Live: Goldman Sachs Keeps Buy On ICICI Bank At Rs 1,935
Goldman Sachs expects loan growth and deposit mobilisation to support ICICI Bank's earnings, while domestic margins could moderate in the near term.
GS on ICICI Bank
- Maintain Buy with TP of Rs 1935.
- Management highlighted that loan growth remains strong, helped by MSME segment and pickup in secured as well as unsecured retail loans.
- Bank has sustained strong market share in FCNR (B) deposit mobilization which is expected to be earnings accretive.
- Overseas NIM will moderate given self-funded FCNR (B) deposit-related loans.
- Domestic NIMs will see slight moderation for three months given the lag in deploying FCNR related deposits.
- Cost optimization continues, and revenue growth will outperform operating costs at least over next few years.
- Asset quality trends remain benign and competitive intensity with respect to underwriting remains largely disciplined for the system.
Stock Market Live: UBS Retains Buy On HDFC, ICICI And Axis Banks
UBS expects private banks to continue gaining deposit and credit market share as branch expansion supports their franchises.
UBS on Banks
- HDFC Bank – Maintain Buy with TP of Rs 1000.
- ICICI Bank – Maintain Buy with TP of Rs 1800.
- Axis Bank – Maintain Buy with TP of Rs 1670.
Expanding reach, growing share.
Branch expansion key to building deposit and lending franchise.
ICICI Bank, Axis Bank and HDFC Bank have led branch additions over the past 3-4 years.
Believe this creates a structural advantage in deposit mobilisation, supports stronger business banking growth and reinforces market share gains.
As cyclical tailwinds for PSU banks fade, private banks are well positioned to continue gaining share in both deposits and credit.
Current valuations do not fully reflect this structural growth premium.
ICICI is our top pick; HDFC has asymmetric upside risk-reward.
Stock Market Live: HSBC Downgrades HDFC Bank, Cuts Target To Rs 830
HSBC lowered its view on HDFC Bank, citing challenges around loan growth, margins and return on assets.
HSBC on HDFC Bank
- Downgrade to Hold from Buy; Cut TP to Rs 830 from Rs 990.
- No ‘mean reversion’ without a meaningful reversion.
- Any new CEO will not have it easy either.
- Any new CEO will still have to fix issues of loan growth, margins and ROA, while contending with the past issues as well.
- Least preferred among large PVBs.
Stock Market Live: Jefferies Raises RIL Target Price To Rs 1,710
Jefferies retained its positive view on Reliance Industries, citing refining margins and firm petrochemical spreads as earnings drivers.
Jefferies on RIL
- Maintain Buy; Hike TP to Rs 1710 from Rs 1705.
- O2C Strength Supports FY27 Earnings.
- 4% of global refinery throughput has been lost due to conflicts resulting in diesel and gasoline inventories falling to 5-year lows.
- Singapore GRM prevails near life-high as a result.
- The tightness could last through CY2026.
- Petchem spreads remain firm supporting O2C earnings growth in FY27E.
- Stock trades below long term average suggesting favorable risk-reward.
- Project 10% Ebitda Cagr over FY26-29.
Stock Market Live: Morgan Stanley Flags Fiscal Risks From Weather And Oil
Morgan Stanley said weather conditions and renewed geopolitical tensions could put pressure on government finances through revenue and subsidy channels.
MS on GDP
- July Fiscal Deficit at Six-Month Low.
- Remain watchful of the impact of weather conditions on agri output and yields.
- It may weigh on revenue collections and warrant higher food subsidies.
- Renewed geopolitical tensions, which could keep commodity prices elevated, adding to fiscal expenditure pressures.
Stock Market Live: UBS Brings Rate Hikes Back Into View After GDP Data
UBS said India's growth remained resilient despite energy and weather risks, prompting a shift in its rate outlook.
UBS on GDP
- India’s GDP growth remain resilient at 7.8%YoY in June quarter.
- FY27 growth revised up to 6.9%YoY.
- India's growth has held up despite energy and weather risks.
- Bringing rate hikes back on the table; 50 bps rate hike from FY28 to FY27.
- By expenditure: investment and net exports drive growth; consumption softens.
- By production: Manufacturing strengthens, services remain supportive.
Stock Market Live: Kotak Raises FY27 GDP Growth Forecast To 7.2%
Kotak Securities raised its growth estimate after India's June-quarter GDP beat expectations, while flagging softer consumption and nominal GDP growth.
Kotak Securities on GDP
- Q1FY27 GDP: Resilient despite West Asia crisis.
- Driven by strong growth in exports and investments.
- Private and government consumption growth remained tepid.
- Nominal GDP growth at 10.3% surprised on the downside.
- Revise FY27E real GDP growth up to 7.2% with risks evenly balanced.
Stock Market Live: Citi Raises FY27 GDP Forecast To 7.3%
Citi expects India's resilient growth to reduce concerns around a potential growth sacrifice if the RBI considers a rate hike.
Citi on GDP
- Growth Resilience Removes Obstacle for Rate Normalization.
- Revise up FY27 real GDP forecast by 40 bps to 7.3% YoY.
- H2FY27 could witness a slightly slower pace because of unfavorable base effects, the impact of El Nino, and the diminishing effect of last year’s policy stimulus.
- Lower-than-expected GDP deflator prompts us to revise down our FY27 nominal GDP forecast to 11.5% (12.5% earlier).
- Q1FY27 GDP print ensures that the October MPC will not have to be too worried about the risks of a growth sacrifice if they are considering a rate hike.
Stock Market Live: BofA Raises FY27 GDP View, Sees Rate Hikes Returning
Bank of America expects India's growth to remain above 7% and sees stronger growth potentially giving the RBI room to focus more on inflation.
BofA on GDP
- Q2CY26 GDP strong at 7.8% yoy, shrugging off the oil shock.
- FY27 GDP growth poised to be above 7%.
- RBI to lean more towards a hawkish stance in October.
- Given the revised inflation projections, the real rate would turn negative in Q3FY27 and remain so until Q1FY28.
- Coupled with robust growth outlook, we retain our call for 50 bps of hikes in FY27, starting in December MPC.
Stock Market Live: Agriculture Grows 3.6%, Mining Contracts 2.4%
- Agriculture maintained positive growth in the June quarter, while mining remained one of the weaker segments of the economy.
- Agriculture expanded 3.6% in Q1 FY27.
- Mining contracted 2.4%.
Stock Market Live: Services Activity Remains Strong In Q1 FY27
- Continued growth across trade and services supported India's economic expansion during the June quarter.
- Trade, hotels, transport, communication and services-related activities grew 8.5% in Q1 FY27.
- Public administration, defence and other services grew 7.5%.
Stock Market Live: Financial Services Growth Hits 12.1% In Q1 FY27
Financial, real estate and professional services recorded the strongest growth among major sectors in the June quarter.
Financial, real estate and professional services expanded 12.1% in Q1 FY27.
Stock Market Live: GVA Growth Hits 8.2% In Q1 FY27
Gross Value Added growth outpaced the market estimate, pointing to continued momentum across India's economic activity.
GVA grew 8.2% in Q1 FY27, above the 7.3% market estimate and the 7.9% growth recorded in the previous quarter.
Stock Market Live: Manufacturing Growth Accelerates To 9.2% In Q1 FY27
Manufacturing emerged as one of the strongest contributors to India's 7.8% real GDP growth in the June quarter.
Manufacturing expanded 9.2% during Q1 FY27.
Power, gas, water supply and other utilities grew 8.9%, while construction expanded 7.7%.
Stock Market Live: Brent Crude Rises Above $91 On Middle East Tensions
A renewed escalation in the Middle East pushed crude higher, adding an energy-cost risk to the market's assessment of India's growth outlook.
Brent crude rose above $91 a barrel in early Asian trading as concerns increased over energy supplies and shipping through the Strait of Hormuz.
Stock Market Live: India GDP Growth Beats Estimates At 7.8% In Q1 FY27
India's stronger-than-expected economic growth provides a key domestic cue for markets amid renewed geopolitical and oil-price risks.
Real GDP grew 7.8% in Q1 FY27, matching the revised growth recorded in the previous quarter and exceeding the 7.3% market estimate.
Nominal GDP increased 10.3% during the quarter.
Stock Market Live: GIFT Nifty Signals Lower Start For Indian Equities
GIFT Nifty pointed to a softer opening for Indian equities, with investors also assessing stronger-than-expected domestic growth and renewed Middle East tensions.
GIFT Nifty traded at 24,204.50, down 46.90 points.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
