Stock Market Live: GIFT Nifty Points To Negative Open For Nifty, Sensex; Brent Crude Near $92 A Barrel
Indian equities are set to take cues from mixed Asian markets, F&O expiry, oil prices and developments in the U.S., after the Nifty 50 and Sensex ended lower on Monday and snapped a two-day winning streak.
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The GIFT Nifty, an early indicator of the Nifty 50's performance, traded at 24,151. The Nifty 50 settled 32.95 points, or 0.14%, lower at 24,219.05. The index recovered 36.25 points from its provisional close. The Sensex ended 170.70 points, or 0.22%, lower at 77,370.13, improving 42.03 points from its provisional close. Both benchmarks closed lower after gaining for two consecutive sessions.
The domestic market will take its opening cues from GIFT Nifty, while investors track developments in Asian equities, crude oil and U.S. markets. Nifty's F&O expiry, technology stocks, oil prices and geopolitical developments remain among the factors in focus.
Siddhartha Khemka, head of research, wealth management, at Motilal Oswal Financial Services Ltd., said domestic fundamentals and global cues could support Indian equities.
"Indian equity markets are expected to sustain their gradual upmove on the back of supportive domestic fundamentals and improving global cues," Khemka said.
He said technology stocks would remain in focus after Tata Consultancy Services Ltd. reported its June-quarter earnings.
"The Nifty IT index would be in focus after TCS reported an inline June quarter earnings while its management commentary suggested expectations of a gradual recovery in technology spending from the second quarter," Khemka said.
He said investors would also track results from other technology companies, including HCLTech, LTIMindtree, Wipro and Tata Technologies.
Khemka said defence stocks remained in focus amid strategic acquisitions and partnerships. He also pointed to the agreements signed by India and Australia across civil nuclear energy, defence, maritime security, critical minerals, cyber cooperation and trade.
"The Nifty PSU Bank index gained nearly 3%, led by Indian Bank following its strong Q1 FY27 results, while metal stocks extended gains amid a weaker U.S. dollar, which supported global commodity prices," he said.
Asian Markets Trade Mixed
Asian equities moved in different directions in early trade. South Korea's Kospi fell 2.96%, while Japan's Nikkei 225 declined 0.87%. Australia's S&P/ASX 200 rose 0.40%.
The mixed trading followed a divided session on Wall Street, where technology shares came under pressure ahead of Nvidia's earnings and a key U.S. inflation reading later this week.
U.S. equity futures showed little movement overnight. Dow Jones Industrial Average futures rose 15 points, or 0.03%, while S&P 500 futures edged 0.03% higher. Nasdaq 100 futures were broadly unchanged.
In Monday's regular session, the S&P 500 fell 0.28%, while the Nasdaq Composite declined 0.76% as semiconductor and other technology stocks fell. The Dow Jones Industrial Average rose 140.15 points, or 0.26%.
Meanwhile, U.S. Treasury yields declined after CNBC reported that the Treasury Department could use its $1 trillion General Account to support plans for increased purchases of government securities. The benchmark 10-year Treasury yield fell by more than three basis points to 4.7%.
Oil Prices in Focus
Oil prices remained under watch after Brent crude recorded a sharp decline in the previous session. Brent traded near $92 a barrel after falling more than 2% on Monday, while West Texas Intermediate was around $85 a barrel.
The U.S. has increased pressure on Iran and countries that continue to maintain economic ties with Tehran, seeking to restore energy shipments through the Strait of Hormuz.
Treasury Secretary Scott Bessent said Monday that countries would receive a defined period to wind down their links with Iran or face unilateral penalties. He described the wider effort as an "economic D-Day" campaign.
Stock Market Live: Waterways Leisure Price Band Cut To 5%
Waterways Leisure Tourism will see its price band reduced from 10% to 5%.
The tighter band follows a separate corporate action in which the company is splitting its shares.
Stock Market Live: Allcargo Logistics And Shanthi Gears Get New Price Bands
Allcargo Logistics and Shanthi Gears will see their price bands reduced from 20% to 10%.
The change will alter the maximum permitted intraday movement for the two stocks.
Stock Market Live: Four Stocks Exit ASM Framework
HLE Glascoat, Huhtamaki India, Rhetan TMT and Turtlemint Fintech Solutions have been excluded from the ASM Framework.
The exclusion removes the additional surveillance measure for these securities.
Stock Market Live: Allcargo Logistics Moves To Short-Term ASM
Allcargo Logistics has been included in the Short-Term ASM Framework.
Asian Energy Services, Kennametal India and UFLEX have also been shortlisted for Short-Term ASM Stage action.
Stock Market Live: Texmaco Rail Sets Sept 11 Dividend Record Date
Texmaco Rail & Engineering has set 11 September 2026 as the record date for its FY26 final dividend.
The record date will determine shareholder eligibility for the payout.
Stock Market Live: TCC Concept Sets Sept 4 Record Date For Stock Split
TCC Concept has set 4 September 2026 as the record date for its stock split.
The company will split one share into five shares.
Stock Market Live: Waterways Leisure To Split Face Value To Rs 1
- Waterways Leisure Tourism will subdivide its shares, reducing the face value from Rs 10 per share to Rs 1 per share.
- The corporate action creates a stock-specific trading trigger.
Stock Market Live: Aegis, TCS And Hindustan Copper Lead Stocks In Focus
Several large companies have announced transactions, capital market actions and strategic developments that could drive trading activity today.
Key triggers include TCS's acquisition of MHP Management, the government's Hindustan Copper OFS, Piramal Finance's QIP, Aegis Vopak Terminals' acquisition and overseas fund-raising by ICICI Bank, UCO Bank and Kotak Mahindra Bank.
Stock Market Live: No Stocks Under F&O Ban Today
- No securities are in the F&O ban period today.
- The absence of banned stocks means there are no derivative trading restrictions to track from the ban list.
Stock Market Live: Nifty 24,000 Holds Maximum Put Open Interest
- The 24,000 strike holds the maximum Put open interest for the 25 August Nifty expiry.
- The level stands out as a key derivatives zone for the session.
Stock Market Live: Nifty 24,300 Holds Maximum Call Open Interest
- The 24,300 strike holds the maximum Call open interest for the 25 August Nifty expiry.
- The concentration of Call positions makes the strike a key derivatives level to track.
Stock Market Live: Nifty Futures Trade At 31-Point Discount
- Nifty August futures were down 0.4% at 24,188.10, trading at a discount of 31 points.
- The futures discount provides an early derivatives cue ahead of the trading session.
Stock Market Live: Delhi Master Plan Could Benefit Hospital Operators
Jefferies said MPD-2047 could strengthen Delhi's position as a healthcare and medical tourism hub through expanded infrastructure and higher-density development.
The brokerage said the removal of height restrictions and higher FAR could improve capacity utilisation and facilitate additions. The strongest direct impact would be on Delhi assets, benefiting NCR-focused operators including Max Healthcare, Fortis Healthcare and Medanta.
Stock Market Live: Jefferies Picks Bajaj Finance And Shriram Finance
Jefferies said NBFC outperformance has been driven largely by earnings and book value upgrades rather than valuation expansion.
The brokerage said earnings and asset quality visibility remain stronger, although further re-rating may be modest. Its top picks are Bajaj Finance, Cholamandalam Investment and Finance, Aditya Birla Capital and Shriram Finance.
Stock Market Live: Bernstein Maintains Outperform On PB Fintech
Bernstein maintained an Outperform rating on PB Fintech with a target price of Rs 2,310.
The brokerage said PB Fintech has built a sales engine with high growth, renewals and lower claims, supporting high take rates. It said the company is growing topline at more than 30-35% and noted near-term regulatory uncertainty, while adding that its channel checks indicate any price cuts may not be severe.
Stock Market Live: Jefferies Keeps Buy On UPL After Management Meeting
Jefferies maintained its Buy rating on UPL with a target price of Rs 715 after meeting the company's senior management.
UPL remains confident of its full-year growth guidance of 10-14%, with Q2 growth shaping broadly in line. The company expects Ebitda margin improvement through rationalisation of unprofitable businesses and is maintaining tight inventory controls in Latin America. Jefferies expects marketing for the Advanta IPO to begin soon and projects 14% Ebitda growth in FY27E.
Stock Market Live: Citi Prefers OMCs And GAIL On Energy Policy
Citi said the government's energy security package extends beyond emergency response and covers strategic reserves, import substitution, domestic production, gas adoption and upstream exploration.
ONGC is likely to shoulder incremental capital deployment for strategic petroleum reserves and offshore exploration and production. GAIL could participate in coal gasification and fertiliser joint ventures alongside LPG pipelines. Citi said potential compensation remains a key monitorable for OMCs and prefers OMCs and GAIL.
Stock Market Live: HSBC Flags Risk Of India Earnings Downgrades
HSBC said Indian corporate earnings have remained resilient despite the oil shock, but warned that the support from recent demand conditions may fade in the second half.
The brokerage said FY27 growth stands at 14.3% and remains neutral on India in an Asia context. It flagged the risk of earnings downgrades as commodity prices remain elevated and said further price hikes could affect demand.
Stock Market Live: Indian Hotels Gets Mixed Brokerage Views On Oriental Deal
Brokerages have assessed Indian Hotels' acquisition of Oriental Hotels, with analysts highlighting earnings accretion, asset synergies and the impact on the group's structure.
Nomura
• Maintain Buy with target price of Rs 830.
• Oriental Hotels' acquisition is likely to be EPS accretive.
• Further cost synergies and asset optimisation or upgrades could drive Ebitda higher.
• Merger will simplify the group's holding structure.
Jefferies
• Maintain Buy with target price of Rs 875.
• Simplification continues while the growth outlook remains strong.
• All-stock deal values Oriental Hotels at a 50% discount to Indian Hotels.
• Deal is EPS accretive from year one.
• Oriental adds non-LFL growth with scope for margin and revenue improvement.
• Q2 trends remain strong and FY27 RevPAR growth could stay in double digits.
Morgan Stanley
• Maintain Equal-weight with target price of Rs 793.
• Transaction adds 5% to FY26 topline and 4% to Ebitda.
• Deal is EPS accretive from year one.
• Post-merger, revenue and margin synergies could emerge.
• Deal implies 15x FY27 EV/Ebitda versus Indian Hotels at 29x.
Stock Market Live: HEG Announces Leadership Changes From September
HEG will see changes in its top management from 1 September 2026.
Ravi Jhunjhunwala will resign as Chairman, Managing Director and Chief Executive Officer. Riju Jhunjhunwala has been appointed Managing Director and Chief Executive Officer until 31 August 2031, while Neha Rajvanshi will become Chief Financial Officer, succeeding Ravi Kant Tripathi.
Stock Market Live: Pace Digitek Arm Wins Rs 92.9 Crore BESS Award
A subsidiary of Pace Digitek has received a Letter of Award worth Rs 92.9 crore from Kalpa Power Private.
The order covers supply and commissioning support for a 100 MWh Battery Energy Storage System.
Stock Market Live: GPT Infraprojects Arm Declared L1 For Rs 97 Crore Order
An arm of GPT Infraprojects has been declared the L1 bidder for an order worth Rs 97 crore.
The order is for the provision of electronic interlocking.
Stock Market Live: Coromandel Arm Opens New UAV Manufacturing Facility
Dhaksha Unmanned Systems, a subsidiary of Coromandel International, has inaugurated a manufacturing facility at Kancheepuram in Tamil Nadu.
The facility will support the development and execution of larger and more complex programmes across its key UAV verticals.
Stock Market Live: Coal India Sets Up Singapore Arm For Critical Minerals
Coal India has incorporated Singapore-based CIL Global Pte. Ltd. to explore overseas opportunities in critical minerals.
The subsidiary will focus on critical mineral asset acquisition, efficient management of overseas investments and structural flexibility for future acquisitions.
Stock Market Live: Afcons Wins Rs 335.50 Crore Arbitral Award
Afcons Infrastructure has received a Rs 335.50 crore arbitral award against the Uttar Pradesh Expressways Industrial Development Authority.
The award adds a legal and financial development for the infrastructure company.
Stock Market Live: IRFC Gets Rs 549 Crore GST Show Cause Notice
Indian Railway Finance Corporation has received a GST show cause notice seeking Rs 549 crore, including interest and penalty.
The notice relates to an FY23 input tax credit mismatch.
Stock Market Live: GE Shipping Board To Consider Share Buyback
Great Eastern Shipping will consider a share buyback proposal at its board meeting on 27 August 2026.
The proposal creates a corporate action trigger for the shipping company.
Stock Market Live: Can Fin Homes To Consider Rs 5,000 Crore Fund Raise
Can Fin Homes will hold a board meeting on 29 August to consider raising funds of up to Rs 5,000 crore.
The board will also consider approving a Key Information Document for a Rs 900 crore NCD issuance.
Stock Market Live: Kotak Mahindra Bank Allots $650 Million Senior Notes
Kotak Mahindra Bank has allotted $650 million of senior notes under its Medium Term Note Programme.
The issuance adds to the lender's overseas borrowing and funding activity.
Stock Market Live: UCO Bank Approves $1 Billion Foreign Currency Fund Raise
UCO Bank's board has approved raising foreign currency funds of up to $1 billion through debt instruments under the MTN Programme.
The approval gives the lender flexibility to access overseas funding markets.
Stock Market Live: ICICI Bank Prices $1 Billion Senior Notes
ICICI Bank has priced $1 billion of senior unsecured fixed-rate notes under its $7.5 billion Global Medium Term Note Programme.
The overseas debt issuance provides a funding update for India's second-largest private sector lender.
Stock Market Live: Aegis Vopak To Buy Pipavav Terminal For Rs 525 Crore
Aegis Vopak Terminals has agreed to acquire a 36,000 MT capacity storage terminal at Pipavav Port.
The acquisition will cost Rs 525 crore.
Stock Market Live: Lenskart Sees 450 Lakh Shares Change Hands
Lenskart recorded a large block deal after SVF II Lightbulb sold 450 lakh shares at Rs 641.75 per share.
The buyers included Societe Generale ODI, Goldman Sachs Bank Europe SE, Motilal Oswal Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, SBI Mutual Fund and other domestic and global institutions.
Stock Market Live: Meesho Sees Large Block Deal At Rs 200.01 Per Share
Meesho recorded significant block deal activity, with multiple domestic and global investors buying shares from existing shareholders.
Y Combinator Continuity Holdings I LLC sold 230.28 lakh shares, YCS16 Holdings LLC sold 206.04 lakh shares and YCVC Fund I L.P. sold 48.48 lakh shares at Rs 200.01 per share.
Nippon India Mutual Fund bought 100 lakh shares, HDFC Standard Life Insurance bought 75 lakh shares and several other institutional investors also bought shares at the same price.
Stock Market Live: Piramal Finance Opens QIP At Rs 2,102.65 Floor Price
Piramal Finance has opened its qualified institutional placement, providing a fresh capital-raising trigger for the company.
The QIP floor price has been set at Rs 2,102.65 per share. The board may offer a discount of up to 5%.
Stock Market Live: Hindustan Copper OFS Opens At Rs 514 Floor Price
The government will divest a 3% stake in Hindustan Copper through an offer for sale, with an additional 3% green-shoe option.
The OFS has a floor price of Rs 514 per share. The government has reserved 10% of the issue for retail investors and 25,000 shares for employees.
Stock Market Live: Brokerages Assess TCS After MHP Acquisition
Analysts have assessed TCS's acquisition of MHP Management and its strategic relationship with Porsche, with views differing on the financial impact and growth outlook.
CLSA
• Maintain Hold with target price of Rs 2,326.
• Deal win will be a part of TCS' orderbook in Q2 while the acquisition will close in three to four months.
• TCS will try to increase the profitability of the acquired entity by leveraging offshoring.
• Acquisition will fill white spaces in auto consulting and increase TCS' exposure in the European auto market.
Morgan Stanley
• Maintain Equal-weight with target price of Rs 2,200.
• MHP acquisition strengthens TCS's capabilities.
• Porsche engagement provides a long-term strategic relationship.
• Acquisition would be complementary to TCS.
• Financial impact would be limited.
• It would add about 3% to revenue growth and less than 1% to PAT assuming mid-single-digit margins.
• TCS is intensifying its strategy to use the M&A route to plug white spaces.
• Key concerns include a slowdown in the auto vertical and a declining revenue profile of the acquired entity.
Citi
• Maintain Sell with target price of Rs 1,825.
• Acquisition will anchor a long-term partnership with Porsche.
• Assuming EUR600-700 million run-rate for FY28 and 7-9% EBIT margins, it would translate to about 5-8x EV/EBIT.
• Valuations appear low, but there is a risk of revenue decline and other European IT companies trade at similar valuations.
• Such deals could support growth near term, but there is a risk of the existing book declining year on year.
• Remain cautious on Indian IT.
Stock Market Live: TCS Buys MHP In 320 Million Euro Porsche Deal
TCS has announced a 320 million euro acquisition of Porsche AG arm MHP Management alongside a five-year strategic pact worth 1.25 billion euros with Porsche AG and MHP, making the transaction a key trigger for the IT major.
The acquisition gives TCS greater exposure to automotive consulting and the European auto market. The company has also signed a long-term strategic agreement with Porsche and MHP.
Stock Market Live: Brent Holds Near $92 After Falling Over 2%
Brent crude traded near $92 a barrel after dropping more than 2% on Monday, while West Texas Intermediate was around $85.
US Treasury Secretary Scott Bessent said countries maintaining economic ties with Iran would receive a set period to end them or face unilateral penalties as the US seeks to restore energy shipments through the Strait of Hormuz.
Stock Market Live: US 10-Year Treasury Yield Falls To 4.7%
The benchmark US 10-year Treasury yield declined by more than three basis points to 4.7%.
The move followed a CNBC report that the US Treasury Department could use its $1 trillion General Account to support increased purchases of government securities.
Stock Market Live: S&P 500, Nasdaq Fall As Technology Stocks Decline
The S&P 500 fell 0.28%, while the Nasdaq Composite declined 0.76% as semiconductor and other technology stocks lost ground.
The Dow Jones Industrial Average rose 140.15 points, or 0.26%.
Stock Market Live: US Equity Futures Trade Flat
Dow futures rose 15 points, or 0.03%, while S&P 500 futures gained 0.03%. Nasdaq 100 futures were little changed.
Stock Market Live: Asian Markets Trade Mixed; Kospi Falls Nearly 3%
South Korea’s Kospi fell 2.96%, while Japan’s Nikkei 225 declined 0.87%. Australia’s S&P/ASX 200 gained 0.40%.
The mixed trade followed a divided Wall Street session as technology shares declined ahead of Nvidia’s earnings and a US inflation reading.
Stock Market Live: GIFT Nifty, Asian Markets And Crude Oil Guide Opening Cues
The domestic market will track GIFT Nifty for opening direction, alongside moves in Asian equities, crude oil and US markets. Technology stocks and geopolitical developments will also remain in focus.
Stock Market Live: Nifty 50, Sensex Snap Two-Day Winning Streak
The Nifty 50 closed 32.95 points, or 0.14%, lower at 24,219.05, recovering 36.25 points from its provisional close.
The Sensex fell 170.70 points, or 0.22%, to 77,370.13, improving 42.03 points from the provisional close.
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