Stock Market Live: GIFT Nifty Indicates Negative Open For Nifty, Sensex; Brent Crude Holds Near $87 A Barrel

KRN Heat Exchanger and Refrigeration and Ujaas Energy are set to be excluded from the ASM Framework.

Max Estates has been shortlisted for the Short-Term Additional Surveillance Measure framework.

Jio Financial Services said JioBlackRock Liquid Fund's assets under management exceeded Rs. 10,000 crore in April 2026.

The company also established its retail fund management entity in GIFT City.

Jio Financial Services reappointed Hitesh Sethia as Managing Director and Chief Executive Officer for five years from November 15.

UPL said Group COO Toshan Tamhane will resign with effect from August 31.

American Funds Insurance Series Global Growth and Income Fund sold 67.65 lakh shares of Avenue Supermarts at Rs. 3,750.58 per share.

Welspun Investments & Commercials and Vipul Mathur sold a combined 63 lakh shares of Welspun Corp at Rs. 2,275.30 per share.

Buyers included Euro Pacific Growth Fund, New World Fund, Capital Group Europacific Growth Trust, Edelweiss Mutual Fund, Quant Mutual Fund and other institutional investors.

Viyash Scientific saw CA Harbor Investments and CA Hull Investments sell a combined 4.7 crore shares at Rs. 263.1-270 per share.

Buyers included:

• Bandhan Mutual Fund: 28.43 lakh shares

• Edelweiss Mutual Fund: 25.93 lakh shares

• Panvira India Innovation Fund: 11.11 lakh shares

• Aagam Investments: 9.26 lakh shares

• S Gupta Homes: 9.26 lakh shares

Arthkumbh Ventures LLP bought 23.40 lakh shares at Rs. 263.20 per share.

Billionbrains Garage Ventures, which operates Groww, saw Ribbit Capital entities sell a combined 11.31 crore shares at around Rs. 196 per share.

Goldman Sachs said higher sugar prices could pressure margins at packaged food companies, with varying effects across consumer names.

Goldman Sachs on India Consumer

• Sugar prices have increased in India

• Margin pressures seen for packaged food companies such as Britannia

• Britannia identified as the most impacted due to sugar and palm oil exposure and a high share of price-point packs

• Nestle and Varun Beverages also face some impact, though this could be mitigated

• Nestle's input costs are about 6-7% sugar and about 10% palm oil

• Varun Beverages has 10% of raw material cost from sugar

• Varun has been shifting towards no-sugar and low-sugar products

Investec initiated coverage on Pine Labs with a Buy rating, citing its business mix and operating leverage.

Investec

• Initiate Buy with TP of Rs 200

• Creating value beyond payment acceptance

• Leadership in a growing prepaid ecosystem

• Mix shift and operating leverage driving profits

• MDR on UPI identified as a potential profitability booster

UBS said improving demand and private defence opportunities could support the capital goods sector.

UBS on Capital Goods

• H1CY26: Improving short-cycle demand and rising private defence opportunity

• Early signs of demand revival with low- and medium-voltage segments at the forefront

• Order momentum to support valuations

• Top picks: ABB, Siemens, CG Power, Triveni Turbine and Premier Energies

Investec highlighted Adani Ports' planned expansion at Mundra amid a potential container capacity shortage on the West Coast.

Investec

• Gujarat Maritime Board signals Pipavav concession extension, positive for Mundra

• Mundra is well placed to benefit from container capacity shortage

• The company intends to expand Mundra container capacity by more than 50%

• Environment clearance has been obtained for the expansion

• Expansion could help address a likely container demand-supply mismatch on the West Coast over the next few years

Macquarie maintained its Outperform rating on Zydus Life, citing its product mix and growth drivers across markets.

Macquarie

• Maintain Outperform with TP of Rs 1285

• Strategic mix shift to drive margin expansion

• Innovation portfolio emerging as a meaningful US growth driver

• Robust US generics pipeline underpins growth visibility

• Sustained domestic outperformance supported by leadership positions

• International formulations remains a profitable growth engine

• Consumer wellness offers sustained growth momentum

CLSA maintained its Outperform rating on Sterlite Tech, citing datacentre demand and order book growth.

CLSA

• Maintain Outperform with TP of Rs 950

• Identifies the company as a datacentre play

• USA and India datacentres expected to drive growth

• Order book expected to continue expanding

• Expects 14-21% revenue and EBITDA CAGR over FY27-29

Investec cut its target price on Angel One after a fall in derivative activity following the implementation of CAS.

Investec

• Maintain Buy

• Target price cut to Rs 350 from Rs 385

• Valuations reflect a temporary CAS shock

• Sharp fall in derivative activity post implementation of CAS

• Revenue and net profit estimates cut by 4% and 9% over FY27-29

Devyani International terminated its Sapphire Foods stake-sale pact while keeping its merger with Sapphire Foods on track.

The NCLT's Ahmedabad bench approved the merger of Triumph Offshore with Swan Defence.

Max Healthcare received a tax demand of Rs. 165 crore, including penalty.

Rubicon Research saw General Atlantic Singapore RR sell shares at Rs. 1,660 per share through block transactions.

General Atlantic Singapore RR sold 8.43 lakh shares to Aranda Investments Pte.

It also sold 1.30 crore shares, with buyers including:

• HDFC Mutual Fund: 48.78 lakh shares

• ICICI Prudential Mutual Fund: 18.07 lakh shares

• Kotak Mahindra Mutual Fund: 16.57 lakh shares

• SBI Mutual Fund: 12.05 lakh shares

• Other institutional investors

IRB Infrastructure approved raising Rs. 351 crore through a preferential issue to IRB Infrastructure Developers.

Tata Power said a Singapore court dismissed its challenge to an arbitral award and that the company will appeal the ruling.

Bombay Burmah received relief after the Supreme Court recalled its earlier observation on the Rs. 4,655 crore lease-rent claim.

Great Eastern Shipping Company's board will consider a proposal to buy back the company's fully paid-up equity shares.

The Adjudicating Authority under PMLA confirmed the provisional attachment of certain movable and immovable properties worth Rs. 582 crore belonging to Reliance Communications.

Time Technoplast approved an in-principle merger with TPL Plastech, dropped its proposed acquisition of Ebullient Packaging and approved a new investment plan.

The company will invest up to Rs. 50 crore for a 65% stake in Time Intercontinental.

PhysicsWallah recorded a significant institutional transaction after Lightspeed Opportunity Fund II sold 4.67 crore shares at Rs. 117.72 per share.

Buyers included:

• ICICI Prudential Mutual Fund: 2.20 crore shares

• Goldman Sachs India Equity Portfolio: 61.23 lakh shares

• Tata AIA Life Insurance: 33.98 lakh shares

• Other institutional investors

NITCO entered a joint venture with The House of Abhinandan Lodha to develop a 40-acre project in Alibaug.

The project has expected revenue potential of Rs. 4,500 crore over five years.

Mankind Pharma approved the absorption of Bharat Serums and Vaccines' business on a going-concern basis.

Bharat Electronics reported additional orders worth Rs. 730 crore since August 10, adding to its order inflow.

Macquarie

• Maintain Outperform with TP of Rs 550

• Secured new orders worth Rs 730 cr since its last disclosure on 10 Aug 2026

• For FY27-to-date, secured new orders worth Rs 6200 cr, down 45% from Rs 11200 cr in the same period last year

• Attributes the decline mainly to the timing of order bookings

• Sees Rs 55000 cr of new orders in FY27

• Order backlog stood at Rs 72300 cr at the end of Q1, providing revenue visibility

The S&P 500 ended nearly unchanged at 7,675.70, while the Nasdaq Composite fell 0.08% to 26,130.20.

The Dow Jones Industrial Average declined 113.52 points, or 0.21%, to 53,463.88.

Dow Jones futures gained 242 points, or 0.5%, while S&P 500 futures rose 0.6%. Nasdaq 100 futures climbed 1.07%.

Investors assessed earnings from Nvidia and other technology companies.

South Korea’s Kospi advanced 1.81% in early trade. Japan’s Nikkei 225 slipped 0.14%, while Australia’s S&P/ASX 200 fell 0.40%.

The mixed opening followed gains in US equity futures after results from Nvidia and other technology companies.

• The Nifty 50 settled 126.80 points, or 0.52%, lower at 24,207.75. The index fell 69.15 points from its provisional close.
• The Sensex ended 183.15 points, or 0.24%, lower at 77,472.94, declining 141.37 points from its provisional close.

The Nifty 50 ended Wednesday 126.80 points, or 0.52%, lower at 24,207.75. The index lost a further 69.15 points from its provisional close.

The Sensex settled 185.15 points, or 0.24%, lower at 77,472.94, extending its decline by 143.37 points from the provisional close.

Indian equities are set for a lower opening on Thursday, with GIFT Nifty trading at 24,340 and indicating that the Nifty 50 could fall about 84 points at the opening bell.