The Nifty 50 settled 115.50 points, or 0.48%, higher at 24,334.55. The Sensex ended 286.98 points, or 0.37%, higher at 77,656.09. The benchmarks returned to gains after falling on Monday, as the monthly futures and options contracts expired.
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: Nifty, Sensex Settle Above Provisional Close
The Nifty 50 settled 115.50 points, or 0.48%, higher at 24,334.55, gaining 74.50 points from its provisional close.
The Sensex ended 286.98 points, or 0.37%, higher at 77,656.09, adding 126.15 points from its provisional close.
Stock Market Live: Cyient Targets Lifecycle Engineering And 16% EBIT Margin
Cyient plans to shift from project-based work to end-to-end lifecycle engineering, supported by large deals, regional expansion and acquisitions. The company will focus on AI data centres, defence, Indian public sector companies and technology markets across India, the Middle East, the US and the UK.
Cyient aims to design and manufacture an India-origin smart-meter chip. The company expects to close the TAO transaction by the second quarter of FY27 and sustain an EBIT margin of about 16% over the medium term.
Stock Market Live: Hy Tech Engineers IPO Subscribed 15.89 Times On Day Two
Hy Tech Engineers’ initial public offering was subscribed 15.89 times as of 2:18 pm on the second day of bidding. The retail portion was subscribed 22.9 times, the non-institutional investor segment 18.91 times and the qualified institutional buyer portion 0.57 times.
Stock Market Live: Symbiotec Pharmalab IPO Subscribed 1.51 Times On Day Two
Symbiotec Pharmalab’s initial public offering was subscribed 1.51 times as of 2:12 pm on the second day of bidding. The non-institutional investor portion was subscribed 2.21 times, the retail segment 1.77 times and the qualified institutional buyer portion 0.54 times.
Stock Market Live: Augmont Enterprises IPO Subscribed 48.7 Times On Final Day
Augmont Enterprises’ initial public offering was subscribed 48.7 times as of 2:12 pm on the final day of bidding. The non-institutional investor portion was subscribed 101.34 times, the qualified institutional buyer segment 50.3 times and the retail portion 25.73 times.
Stock Market Live: Nifty 50, Sensex Gain At Provisional Close
The Nifty 50 rose 41 points, or 0.17%, to 24,260.05 at the provisional close.
The Sensex gained 160.83 points, or 0.21%, to 77,529.94.
Stock Market Live: Maharashtra Proposes Dual Pricing Policy For Sugar
Maharashtra Cooperation Minister Babasaheb Patil said the state proposed a dual pricing policy for sugar during a meeting with Union Cooperation Minister Amit Shah.
Patil said higher fair and remunerative prices and lower ethanol lifting had raised concerns for mills and farmers. The proposal now requires the Centre’s approval.
Stock Market Live: European Markets Open Higher; FTSE MIB Gains 0.9%
Italy’s FTSE MIB rose 0.90%, while Denmark’s OMXC25 gained 0.56%. Germany’s DAX advanced 0.49%, and Portugal’s PSI 20 rose 0.43%.
The pan-European STOXX 600 gained 0.33%, while the Netherlands’ AEX fell 0.10%.
Stock Market Live: Asian Markets Close Higher; Kospi, ASX 200 Gain 0.7%
South Korea’s Kospi and Australia’s ASX 200 rose 0.68% each, while Japan’s Nikkei 225 gained 0.50%. China’s Shanghai Composite advanced 0.19%.
Hong Kong’s Hang Seng ended 0.02% lower.
Stock Market Live: Brent Crude Falls 1.7% To $90.60 A Barrel
Brent crude declined 1.7% to trade at $90.60 a barrel.
Stock Market Live: Former CEA Subramanian Sees India Becoming $55 Trillion Economy By 2047
Former Chief Economic Adviser Krishnamurthy V Subramanian said India could become a $55 trillion economy by 2047 with sustained real GDP growth of 8%, PTI reported.
He cited investment in artificial intelligence, high-value manufacturing, electronics, space and defence technology, along with foreign direct investment and workforce development, as key factors.
Stock Market Live: Missile Technology Transfer May Raise Competition For Bharat Dynamics
The defence ministry has approved the transfer of DRDO-developed missile technologies to Indian defence companies, according to InCred. The brokerage said the move could increase competition and put pressure on Bharat Dynamics’ margins.
InCred identified BEL, Apollo Micro Systems, Solar Industries, Tata Advanced Systems, Bharat Forge, Larsen & Toubro and NIBE among the companies that could gain from missile and launcher manufacturing opportunities.
Stock Market Live: One Point One Solutions Board To Consider Fundraise
One Point One Solutions’ board will meet on August 28 to consider raising funds through a qualified institutional placement or other methods, according to an exchange filing.
Stock Market Live: Cement Prices Rise By Rs 10 Per Bag In South India
Wholesale cement prices increased by Rs 10 per 50-kg bag in Tamil Nadu, Karnataka and Kerala. Prices now stand at Rs 310–315 in Tamil Nadu, Rs 320–330 in Karnataka and Rs 320 in Kerala.
Prices remained unchanged in Andhra Pradesh, Telangana and other regions, while central India recorded a decline of Rs 3–4 per bag.
Stock Market Live: Moody’s Analytics Sees Asia-Pacific Growth Slowing
Moody’s Analytics expects Asia-Pacific growth to slow to 4.2% in 2026 and 3.6% in 2027, from 4.3% in 2025, PTI reported.
The firm said artificial intelligence demand continues to support exports, while geopolitical tensions, trade disruptions and higher prices weigh on consumer and business spending.
Stock Market Live: Hyundai Motor India, Jio-bp Link EV Charging Networks
Hyundai Motor India partnered with Jio-bp to integrate their electric vehicle charging networks, PTI reported.
Customers can access Jio-bp pulse stations through the myHyundai app. The integration gives users access to more than 37,000 charging points across India.
Stock Market Live: Nitco Sees Revenue At Rs 4,000 Crore After HOABL Deal
Nitco CMD Vivek Talwar said the agreement with HOABL could support profitability and take the company’s revenue to about Rs 4,000 crore.
The project could generate sales of up to Rs 1,500 crore over five years. Nitco also has tile orders worth up to Rs 250 crore for the current year.
Stock Market Live: ESDS Software Targets PAT Margin Of Nearly 40%
ESDS Software aims to achieve a profit-after-tax margin of nearly 40% over the next few years, Piyush Somani told NDTV Profit. Government contracts account for 27% of recurring revenue, while the top 25% of customers contributed half of revenue last year.
Somani said the company has confirmed customer orders and can lease graphics processing units and data centres. ESDS undertook limited capital expenditure last year and continues to focus on recurring revenue.
Stock Market Live: Brent Crude Falls 0.6% To $91.60 A Barrel
Brent crude declined 0.6% to trade at $91.60 a barrel.
Stock Market Live: Federal Bank Clarifies Reports Of Jana Small Finance Bank Stake Purchase
Federal Bank said there was no material event requiring disclosure regarding reports of a stake purchase in Jana Small Finance Bank.
The lender added that it regularly evaluates opportunities for growth and expansion, according to an exchange filing.
Stock Market Live: IDBI Bank Says DIPAM Handling Disinvestment Process
IDBI Bank said the Department of Investment and Public Asset Management is handling its disinvestment process.
The lender added that no price-sensitive information or announcement is pending disclosure.
Stock Market Live: FSSAI Issues 150 Notices Over Advertising And Labelling
The Food Safety and Standards Authority of India issued more than 150 notices to food and beverage companies over misleading advertisements, false claims and breaches of labelling rules.
The companies named by the regulator include Nestle India, PepsiCo, Coca-Cola India, Mondelez India, Abbott India, Red Bull India, Danone India, Ferrero India and Kenvue.
Stock Market Live: Natco Pharma Arms Invest $14 Million In eGenesis
Natco Pharma’s subsidiaries have invested $14 million in US-based biotechnology company eGenesis. The latest transaction takes their total investment in eGenesis to $22 million, according to an exchange filing.
Stock Market Live: Pilots’ Body Seeks Role In Aviation Policy And Safety Reviews
The Federation of Indian Pilots asked Civil Aviation Minister Ram Mohan Naidu for permanent representation in committees and working groups under the Civil Aviation Ministry, DGCA and AAIB.
The pilots’ body also sought a formal mechanism to review draft regulations and policy proposals covering safety, fatigue management, training, licensing and flight operations.
Stock Market Live: Brent Crude Trades Near $92, Gold Holds Above 200-Day Average
Brent crude traded near $92 a barrel, while US crude hovered around $85. Markets tracked US sanctions on Iranian oil networks, flows through the Strait of Hormuz and the risk of supply disruptions.
Gold held above its 200-day moving average as Treasury buyback plans, dollar weakness, US monetary policy uncertainty and exchange-traded fund inflows remained in focus.
Stock Market Live: Nifty Trades In 83-Point Range Ahead Of Monthly Expiry
SBI Securities’ Sudeep Shah said the Nifty 50 has traded within an 83-point range, with support at 24,040–24,060 and resistance at 24,260–24,280.
Shah placed the next support at 23,900–23,920 if the index falls below 24,040. For the Sensex, he identified support at 76,900 and resistance at 77,700.
Stock Market Live: Nifty Trades In Tight Range Ahead Of Monthly Expiry
The Nifty 50 traded within a narrow range, with support at 24,000–24,250. Nifty Bank support stood at 57,000–57,400.
Fertiliser and telecom stocks gained, alongside buying in PSU banks and pharma stocks. Sugar stocks saw profit booking, while IT, energy and metal stocks declined. Nippon India AMC, Indus Towers and JSW Steel recorded the highest rollovers.
Stock Market Live: FedEx Invests $150 Million In Delhi Air Cargo Hub
FedEx is making a long-term investment of $150 million in an integrated air cargo hub at GMR Cargo City at Delhi airport, Kami Viswanathan, president for the Middle East, Indian Subcontinent and Africa, said. The automated facility will serve northern and eastern India and increase the company’s capacity nearly eightfold.
FedEx recorded double-digit growth in India over the past two years and will assess additional freighter capacity as demand grows. Viswanathan said the West Asia conflict had caused limited disruption to India operations, with connections to Europe and Asia continuing through alternative routes.
Stock Market Live: Piyush Goyal, Kawasaki Heavy Discuss Robotics And Hydrogen
Commerce and Industry Minister Piyush Goyal met Kawasaki Heavy Industries President and CEO Yasuhiko Hashimoto and other company officials.
The two sides discussed cooperation in robotics, hydrogen technology and heavy engineering, Goyal said on X.
Stock Market Live: Indiabulls Signs Agreement For Rs 3,000 Crore Gurugram Project
Indiabulls, formerly Yaari Digital, signed an agreement to develop a residential project on 10.8 acres in Gurugram.
The company expects to launch the project by mid-October 2026 and estimates a sale value of Rs 3,000 crore, according to an exchange filing.
Stock Market Live: Supreme Court Issues Notice To Tata Steel On Rs 4,300 Crore Tax Demand
The Supreme Court issued notice to Tata Steel on the Odisha government’s plea concerning a tax demand of Rs 4,300 crore, Informist reported.
The Odisha High Court had earlier quashed the state government’s demand against the company.
Stock Market Live: ACME Solar Wins 300 MW Capacity In SECI Tender
ACME Solar has secured 300 MW capacity in a tender issued by the Solar Energy Corporation of India at a tariff of Rs 6 per kilowatt-hour, according to an exchange filing.
Stock Market Live: Government Plans More Routes Under Air Cargo Screening Initiative
Civil Aviation Minister Rammohan Naidu said the proof of concept covering Chennai, Delhi and Frankfurt had succeeded. The government plans to add London Heathrow, Copenhagen and five domestic destinations to the initiative.
Naidu said the government was removing barriers such as repeated cargo screening and working on an Air Freight Stations Policy. He also said the FedEx-GMR partnership would support cargo operations.
Stock Market Live: India Handled 3.96 Million Tonnes Of Air Cargo In FY26
India’s air cargo traffic grew more than 6% to 3.96 million tonnes in the previous financial year, Civil Aviation Secretary Samir Kumar Sinha said at the FedEx-GMR Aero event in New Delhi.
Sinha said the volume remained below India’s potential and called for reducing the time and barriers involved in cargo movement. He said FedEx’s investments in Delhi and Navi Mumbai reflected confidence in India.
Stock Market Live: Bajaj Finance Records Sharp Call OI Increase
Bajaj Finance is up 16.34% since the last expiry, while its Call open interest has risen 120.42%.
The dashboard shows:
- Futures OI up 0.36%
- Put OI up 91.05%
- Total OI up 21.91%
- Total OI at 145,696 contracts
Stock Market Live: Alkem Call OI Jumps Nearly Tenfold Since Last Expiry
Alkem is down 1.98% in price since the last expiry, while its Call open interest has increased 981.59%.
The dashboard also shows:
- Futures OI up 31.27%
- Put OI up 491.73%
- Total OI up 108.64%
Stock Market Live: Apollo Hospitals Sees Sharp Rise In Option OI
Apollo Hospitals is up 11.80% since the last expiry, while total open interest has risen 129.31%.
The derivatives data shows:
- Futures OI up 39.95%
- Call OI up 461.03%
- Put OI up 620.72%
Put OI has recorded the larger increase.
Stock Market Live: Axis Bank Shows OI Increase Since Last Expiry
Axis Bank's futures price is down 4.11% since the last expiry, while its total derivatives open interest has increased 81.52%.
The dashboard shows:
- Futures OI up 61.61%
- Call OI up 162.54%
- Put OI up 205.63%
- Total OI at 224,167 contracts
Put OI has increased faster than Call OI over the period.
Stock Market Live: Nifty Mid Select Put OI Highest At 14,800
The 14,800 strike carries the highest Put open interest in Nifty Mid Select at around 11,148 contracts.
Other major Put positions are:
- 14,900: 10,796 contracts
- 14,500: 9,198 contracts
- 14,700: 8,565 contracts
- 14,850: 6,789 contracts
The largest Put concentration is between 14,700 and 14,900.
Stock Market Live: 26,100 Leads Fresh Option Additions In Nifty Fin Service
The 26,100 strike recorded the largest increase in both Call and Put open interest in Nifty Fin Service.
The dashboard shows:
- Call OI addition of around 1,619 contracts
- Put OI addition of around 1,547 contracts
The strike has emerged as the largest point of fresh option activity in the current series.
Stock Market Live: Nifty Fin Service Put OI Centres Around 26,000
The 26,000 strike holds the highest Put open interest in Nifty Fin Service at around 3,471 contracts.
Other major Put positions are:
- 26,100: 2,988 contracts
- 25,900: 1,928 contracts
- 25,950: 1,676 contracts
- 26,050: 1,611 contracts
The Put side is concentrated between 25,900 and 26,100.
Stock Market Live: Nifty Fin Service Call OI Highest At 26,400
The 26,400 strike carries the highest Call open interest in Nifty Fin Service at around 3,173 contracts.
Other major Call positions are:
- 26,200: 2,950 contracts
- 26,300: 2,928 contracts
- 26,500: 2,227 contracts
- 26,100: 2,090 contracts
The Call positioning is concentrated above the 26,100 level.
Stock Market Live: Nifty Mid Select Adds Most Put OI At 14,800
The 14,800 strike recorded the largest increase in Nifty Mid Select Put open interest at around 5,450 contracts.
Other additions are at:
- 14,850: 2,947 contracts
- 14,900: 2,796 contracts
- 14,875: 2,667 contracts
- 14,825: 1,924 contracts
The fresh Put activity is concentrated around the 14,800-14,900 zone.
Stock Market Live: 15,000 Leads Fresh Call Addition In Nifty Mid Select
The 15,000 strike saw the largest increase in Call open interest in Nifty Mid Select at around 4,742 contracts.
Other notable additions include:
- 14,900: 2,770 contracts
- 14,950: 1,956 contracts
- 14,975: 1,558 contracts
- 14,925: 1,485 contracts
Fresh Call activity is concentrated around 14,900-15,000.
Stock Market Live: Bank Nifty OI Up 246.21% Since Last Expiry
Bank Nifty's total open interest has increased 246.21% since the last expiry to 2.40 million contracts.
The index is down 1.26% over the period.
The dashboard shows:
- Futures OI up 22.84%
- Call OI up 285.12%
- Put OI up 253.22%
Call OI has increased faster than Put OI since the previous expiry.
Stock Market Live: Nifty Mid Select Call OI Highest At 15,000
The 15,000 strike holds the highest Call open interest in Nifty Mid Select at 15,347 contracts.
Other notable Call positions are:
- 14,900: 13,409 contracts
- 15,200: 11,986 contracts
- 14,950: 8,232 contracts
- 15,100: 6,791 contracts
The largest Call concentration sits around 14,900-15,000.
Stock Market Live: Adani Enterprises, Max Healthcare See Long Liquidation
The liquidation bucket includes stocks where prices and open interest are both declining.
Notable names include:
- NAM-INDIA: Price down 0.40%, OI down 0.02%
- BPCL: Price down 0.18%, OI down 0.13%
- SRF: Price down 0.43%, OI down 0.16%
- VOLTAS: Price down 0.21%, OI down 0.24%
- TVSMOTOR: Price down 0.10%, OI down 0.26%
- PRESTIGE: Price down 0.14%, OI down 0.28%
- MAXHEALTH: Price down 0.25%, OI down 0.30%
- ADANIENSOL: Price down 0.95%, OI down 0.43%
Stock Market Live: 57,500 Sees Biggest Fresh Put Addition In Bank Nifty
The 57,500 strike recorded the largest increase in Bank Nifty Put open interest at around 47,890 contracts.
Other major Put additions are:
- 57,300: 45,594 contracts
- 57,400: 41,414 contracts
- 57,200: 33,542 contracts
- 57,000: 28,400 contracts
The largest fresh Put activity is concentrated around 57,000-57,500.
Stock Market Live: Nifty Fin Service OI Rises More Than 300% Since Last Expiry
Nifty Fin Service is down 4.90% since the last expiry, while total open interest has increased 309.16%.
The dashboard shows:
- Futures OI up 26.99%
- Call OI up 397.83%
- Put OI up 449.20%
- Total OI at 71,891 contracts
Put OI has risen faster than Call OI since the last expiry.
Stock Market Live: 57,700 Leads Fresh Call Writing In Bank Nifty
The 57,700 strike saw the largest increase in Bank Nifty Call open interest at around 41,017 contracts.
Other notable additions include:
- 57,600: 37,490 contracts
- 57,800: 36,052 contracts
- 58,000: 29,847 contracts
- 57,500: 19,479 contracts
Fresh Call additions are concentrated between 57,600 and 58,000.
Stock Market Live: Hindustan Unilever, Ashok Leyland See Short Covering
Several stocks are showing higher futures prices alongside falling open interest.
The short covering list includes:
- HINDUNILVR: Price up 0.07%, OI down 0.01%
- ASHOKLEY: Price up 0.46%, OI down 0.02%
- LTF: Price up 0.39%, OI down 0.03%
- TATAPOWER: Price up 0.04%, OI down 0.13%
- YESBANK: Price up 0.09%, OI down 0.16%
- CUMMINSIND: Price up 0.11%, OI down 0.20%
- ADANIGREEN: Price up 0.52%, OI down 0.30%
Stock Market Live: Nifty Mid Select OI Rises 352% Since Last Expiry
Nifty Mid Select is up 11.30% since the last expiry, while total open interest has increased 352.01%.
The dashboard shows:
- Futures OI up 2.71%
- Call OI up 507.62%
- Put OI up 494.02%
- Total OI at 239,106 contracts
Both Call and Put positioning have increased sharply since the last expiry.
Stock Market Live: Bank Nifty Put OI Highest At 57,500
The 57,500 strike carries the highest Bank Nifty Put open interest at around 77,089 contracts.
Other major Put positions are:
- 57,000: 69,896 contracts
- 57,300: 62,796 contracts
- 56,000: 59,024 contracts
- 57,400: 55,630 contracts
The Put side has significant positioning between 57,000 and 57,500.
Stock Market Live: Nifty Adds Most Put OI At 24,150 On Expiry
The 24,150 strike recorded the largest increase in Nifty Put open interest at around 2.68 lakh contracts.
Other major additions are at:
- 24,100: 2.62 lakh contracts
- 24,050: 1.55 lakh contracts
- 24,200: 1.39 lakh contracts
- 24,000: 1.15 lakh contracts
Put additions are concentrated around the 24,000-24,150 zone.
Stock Market Live: Kalyan Jewellers Features In Long Build-Up
Kalyan Jewellers appears in the accumulation list across two contracts.
The dashboard shows:
- October contract: Price up 2.08%, OI up 15.69%
- September contract: Price up 1.80%, OI up 9.61%
Both contracts show higher prices and higher open interest, indicating fresh long positions.
Stock Market Live: Nifty OI Up 195.61% Since Last Expiry
Nifty 50 is down 6.95% since the last expiry, while total open interest has risen 195.61% to 1.41 crore contracts.
The dashboard shows:
- Futures OI up 14.93%
- Call OI up 225.39%
- Put OI up 183.97%
The increase in Call OI since the previous expiry is larger than the increase in Put OI.
Stock Market Live: Bank Nifty Call OI Peaks At 58,000
The 58,000 strike holds the highest Bank Nifty Call open interest at around 1.09 lakh contracts.
Other major Call positions are at:
- 57,700: 83,590 contracts
- 57,500: 71,921 contracts
- 57,800: 71,515 contracts
- 57,600: 67,158 contracts
The Call side is concentrated in the 57,500-58,000 zone.
Stock Market Live: 24,200 Sees Highest Fresh Call Writing On Nifty Expiry
The 24,200 strike recorded the largest increase in Nifty Call open interest at around 4.52 lakh contracts.
Other major Call additions are at:
- 24,150: 2.85 lakh contracts
- 24,300: 2.03 lakh contracts
- 24,250: 1.98 lakh contracts
- 24,100: 1.40 lakh contracts
Fresh Call writing is concentrated between 24,150 and 24,300 on expiry.
Stock Market Live: Fresh Shorts Emerge In SRF, Eternal
The fresh shorts list includes stocks where prices are falling while open interest is rising.
Notable names are:
- SRF: Price down 0.45%, OI up 41.04%
- ETERNAL: Price down 0.27%, OI up 19.84%
- NIFTY FIN SERVICE: Price down 0.08%, OI up 19.82%
- JSWENERGY: Price down 0.04%, OI up 19.28%
- MOTHERSON: Price down 0.82%, OI up 12.70%
- ADANIENSOL: Price down 1.18%, OI up 12.14%
- HYUNDAI: Price down 0.05%, OI up 11.69%
Stock Market Live: Nifty Put Writers Cluster Around 24,000-24,150 On Expiry
The largest Nifty Put positions are concentrated around nearby strikes on weekly and monthly expiry.
The highest Put open interest is at:
- 24,100: 4.03 lakh contracts
- 24,150: 3.79 lakh contracts
- 24,000: 3.65 lakh contracts
- 24,200: 3.28 lakh contracts
- 24,050: 2.31 lakh contracts
Stock Market Live: Jubilant Food, SAIL Lead Long Build-Up List
Several stocks are showing higher futures prices alongside rising open interest.
Notable names include:
- JUBILFOOD: Price up 0.45%, OI up 26.49%
- SAIL: Price up 3.58%, OI up 24.77%
- BANDHANBNK: Price up 0.59%, OI up 24.63%
- KALYANKIL: Price up 2.08%, OI up 15.69%
- INOXWIND: Price up 0.50%, OI up 15.07%
- AMBER: Price up 0.51%, OI up 13.27%
- LICHSGFIN: Price up 1.10%, OI up 12.90%
Stock Market Live: Nifty Expiry Sees 24,200 As Key Call Resistance
On Nifty's weekly and monthly F&O expiry, the 24,200 strike holds the highest Call open interest at around 7.07 lakh contracts.
Other major Call positions are at:
- 24,300: 5.36 lakh contracts
- 24,250: 3.93 lakh contracts
- 24,150: 3.54 lakh contracts
- 24,400: 2.69 lakh contracts
The Call positioning keeps 24,200 as a key resistance level on expiry.
Stock Market Live: Ceigall India Retains 15% Revenue Growth Guidance For FY27
Ceigall India’s Ramneek Sehgal said the company aims to close three hybrid annuity model deals by March, including the Bathinda deal in September.
The company plans to enter one or two states each year. Renewables account for 21% of its business, while developer projects form 70% of the order book.
Stock Market Live: Sunshine Pictures, Shankesh Jewellers Settle Above Issue Price
Sunshine Pictures settled at Rs 396 on the NSE, a 10% premium to its issue price of Rs 360. The stock closed at Rs 394 on the BSE, up 9.44% from the issue price.
Shankesh Jewellers settled at Rs 103 on the NSE, a 10.75% premium to its issue price of Rs 93. The stock closed at Rs 102 on the BSE, up 9.68% from the issue price.
Stock Market Live: Travel Stocks Trade Mixed; Easy Trip Gains 0.7%
- Easy Trip rose 0.65%, while IRCTC and TBO Tek gained 0.32% and 0.18%, respectively.
- Yatra Online fell 0.70%, while Thomas Cook (India) declined 0.61%.
Stock Market Live: Indian Oil Falls 0.84%, Oil Marketing Stocks Decline
Indian Oil Corporation fell 0.84%, while Hindustan Petroleum declined 0.23%. Bharat Petroleum slipped 0.10%
Stock Market Live: City Gas Stocks Trade Lower; Mahanagar Gas Falls 0.8%
Mahanagar Gas fell 0.76%, while GAIL declined 0.15%. Indraprastha Gas traded 0.01% lower.
Stock Market Live: Jewellery Stocks Trade Mixed; KDDL Gains 1.9%
KDDL rose 1.90%, while Sky Gold gained 1.87%. Vaibhav Global, Kalyan Jewellers and Senco Gold advanced between 0.23% and 0.59%.
Tribhovandas Bhimji Zaveri fell 1.99%, while PC Jeweller declined 1.26%.
Stock Market Live: Aluminium Stocks Trade Mixed; Nalco Falls 1.5%
MMP Industries rose 1.10%, while Maan Aluminium gained 0.66% and Arfin India added 0.25%.
National Aluminium Company fell 1.46%. Manaksia Aluminium, Hindalco Industries and Vedanta Aluminium declined between 0.14% and 1.10%.
Stock Market Live: Vedanta Ltd. Falls 1%, Iron And Steel Unit Rises
Vedanta Ltd. fell 1.01%, while Vedanta Iron and Steel rose 1.16%. Vedanta Power gained 0.52%, Vedanta Oil and Gas advanced 0.15%, and Vedanta Aluminium traded 0.01% higher.
Stock Market Live: Rashtriya Chemicals Jumps 6%, Chambal Fertilisers Gains 2%
Rashtriya Chemicals and Fertilizers rose 6.02%, while Chambal Fertilisers gained 2.29%. Gujarat State Fertilizers advanced 0.97%.
Sharda Cropchem fell 0.62%, while Kaveri Seed and Coromandel International declined 0.38% and 0.29%, respectively.
Stock Market Live: IT Stocks Trade Mixed; Happiest Minds Gains 1.1%
Happiest Minds Technologies rose 1.12%, while Coforge, Zensar Technologies and Tata Consultancy Services gained between 0.72% and 0.87%.
Hexaware Technologies fell 1.75%. Oracle Financial Services Software and Persistent Systems declined 0.71% and 0.66%, respectively.
Stock Market Live: Nifty Media Rises 1.59%, Auto And Metal Fall Most
Nifty Media gained 1.59%, while Nifty PSU Bank rose 0.28%. Nifty Auto and Nifty Metal declined 0.45% each, followed by Nifty Energy with a 0.40% fall.
Stock Market Live: Nifty Falls Near 24,100, Sensex Falls Over 200 Points
- The BSE Sensex fell as much as 0.3% or 220 points to 77,146.03
- The NSE Nifty 50 fell as much as 0.4% to 24,128.85
Stock Market Live: DGFT Sets Two-Month Deadline For Sale Of Imported Sugar
Importers must process raw sugar imported under the tariff-rate quota into white or refined sugar and sell it in the domestic market within two months of filing the bill of entry.
The new deadline replaces the earlier requirement to complete domestic sales by October 31, 2026, according to a DGFT notification.
Stock Market Live: FICCI Flags India-Japan Trade Barriers, Seeks Common Standards
FICCI identified regulatory gaps, certification recognition and pharmaceutical registration as barriers to Indian exports to Japan. The industry body called for common quality standards and support for MSMEs seeking to enter the Japanese market.
India and Japan are also exploring cooperation in critical minerals, semiconductors, shipbuilding, data centres and industrial parks. FICCI said easier movement of engineering talent and capital equipment could support investment.
Stock Market Live: Nifty 50, Sensex Fall In Pre-Market Trade
- The Nifty 50 fell 43.30 points, or 0.18%, to 24,175.75 in pre-market trade.
- The Sensex declined 73.62 points, or 0.10%, to 77,295.49.
Stock Market Live: Bitcoin Rises Above $80,000, Gains 25% In Seven Sessions
Bitcoin rose above $80,000 for the first time since May 15, extending its seven-session gain to 25%.
The cryptocurrency added more than $350 billion in market value, supported by higher exchange-traded fund flows and short-position liquidations.
Stock Market Live: Vance Says US-Canada Trade Talks Remain Ongoing
- US Vice President JD Vance said trade negotiations with Canada remain ongoing after the country made what he called last-minute demands.
- Vance said the US had expected to reach a deal and would respond to Canadian tariffs. He also criticised the trade policies of Canada and China.
Stock Market Live: Rupee Opens 2 Paise Higher At 95.73 Against Dollar
The rupee opened at 95.73 against the US dollar, compared with its previous close of 95.75.
Stock Market Live: Bitcoin Nears $80,000 After Three-Day Rally
- Bitcoin rose more than 1% to trade just below $80,000, while Ether gained 2% to about $2,470.
- Crypto-linked stocks also advanced. Strive rose 8%, Bitmine gained 5%, Sharplink climbed 4% and Strategy added 2%.
Source: Bloomberg
Stock Market Live: HEG Appoints Riju Jhunjhunwala As MD And CEO
Riju Jhunjhunwala has been appointed managing director and chief executive officer until August 31, 2031. Ravi Jhunjhunwala will step down as chairman, managing director and chief executive officer from September 1.
Neha Rajvanshi has been appointed chief financial officer after Ravi Kant Tripathi ceased to hold the position, according to an exchange filing.
Stock Market Live: Can Fin Homes Board To Consider Rs 5,000 Crore Fundraising
Can Fin Homes’ board will meet on August 29 to consider raising up to Rs 5,000 crore. The board will also consider approving the key information document for a proposed Rs 900 crore issue of non-convertible debentures, according to an exchange filing.
Stock Market Live: Putin Says Russia-India Trade Turnover Rises This Year
Russian President Vladimir Putin said bilateral trade has increased this year after declining slightly last year, according to ANI. Putin said Russia plans to increase fertiliser supplies to India and continue cooperation in energy, nuclear power and technology.
Putin also said he expects to meet Prime Minister Narendra Modi at the Shanghai Cooperation Organisation meeting.
Stock Market Live: Gala Precision Says Income Tax Inspection Has Ended
- Gala Precision Engineering said an Income Tax inspection at its premises has concluded.
- The company said operations continue in the normal course.
Stock Market Live: Tata Communications Issues Rs 300 Crore Commercial Paper
- Tata Communications has issued commercial paper worth Rs 300 crore.
- The issuance provides an update on the company's short-term funding activity.
Stock Market Live: Manba Finance Allots Rs 90 Crore NCDs
Manba Finance has allotted 9,000 non-convertible debentures worth Rs 90 crore through a private placement.
The issuance adds a funding-related trigger for the company.
Stock Market Live: Skyways Air IPO Sees 1.16x Subscription On Day 1
Skyways Air's IPO has received 1.16 times subscription on its first day.
QIB subscription stands at 0.46 times, NII subscription at 0.92 times and retail subscription at 1.65 times.
Stock Market Live: Symbiotec Pharmalab IPO Sees 0.80x Subscription
Symbiotec Pharmalab's IPO has received 0.80 times subscription on its first day.
QIB subscription stands at 0.35 times, NII subscription at 1.04 times and retail subscription at 0.95 times.
Stock Market Live: Hy Tech Engineers IPO Subscribed 7.74x On Day 1
Hy Tech Engineers' IPO has received 7.74 times subscription on its first day.
QIB subscription stands at 0.51 times, NII subscription at 8.79 times and retail subscription at 11.22 times.
Stock Market Live: Augmont Enterprises IPO Sees 14.46x Subscription On Day 2
Augmont Enterprises' IPO has received strong subscription demand on its second day.
Overall subscription stands at 14.46 times, with QIB subscription at 2.11 times, NII subscription at 33.65 times and retail subscription at 13.37 times.
Stock Market Live: Annu Projects IPO Opens With Rs 175 Crore Issue
Annu Projects' initial public offering opens for subscription today and will close on 28 August 2026.
The engineering, procurement and construction infrastructure company plans to raise about Rs 175 crore through an entirely fresh issue of about 1.77 crore shares.
Stock Market Live: Brigade Hotel Ventures Names Vinay Gupta As CEO
Brigade Hotel Ventures has appointed Vinay Gupta as Chief Executive Officer.
The appointment marks a management change at the hospitality company.
Stock Market Live: Chemplast Sanmar Denies Symed Labs Acquisition Reports
Chemplast Sanmar has denied media reports regarding the acquisition of Symed Labs.
The clarification addresses speculation around a potential transaction.
Stock Market Live: Dabur Merger Order Reserved By NCLT
The NCLT has reserved its order on the Second Motion Petition related to Dabur India's proposed merger with Sesa Care.
The court process is a key step in the proposed transaction.
Stock Market Live: Fedbank Financial Services To Consider Fund Raise
Fedbank Financial Services will hold a board meeting to decide on a fund-raising proposal.
The board meeting places the company among stocks with a pending capital-raising trigger.
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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