Stock Market Live: GIFT Nifty Points To Muted Open For Nifty, Sensex; Nikkei Rises, Gold Nears $4,600

ACME Solar Holdings has commissioned battery energy storage capacity in Rajasthan.

The company commissioned 15 MW and 240.75 MWh of BESS capacity.

GK Energy received an empanelment covering a large number of households.

The empanelment is for rooftop solar installations covering 1 lakh households.

Texmaco Rail & Engineering entered into an agreement that expands its railway manufacturing collaboration.

The company signed a pact with Germany's Bochumer Verein for railway wheels, wheelsets and axles.

• Wipro is expanding its technology partnership with Google Cloud.
• The partnership aims to accelerate enterprise adoption of Gemini Enterprise and agentic AI.

• RPP Infra Projects disclosed the termination of a major project order.
• A Rs 206 crore work order in Tamil Nadu has been terminated.

New India Assurance received a significant income tax refund.

The company received Rs 781 crore for assessment year 2023.

Mahindra Lifespace Developers plans to exit investments in several associate companies.

The company will sell its stakes in four associate companies for Rs 80 crore.

Indoco Remedies completed a transaction involving a land asset in Mumbai.

The company executed a deed to sell a Mumbai land parcel for Rs 64 crore.

Foseco India recorded a large block transaction involving several institutional buyers.

Morgan Terrassen BV and Morganite Crucible sold a combined 11.51 lakh shares at Rs 5,897 per share.

SBI Mutual Fund, Mirae Asset Mutual Fund and Invesco Mutual Fund were among the buyers.

Zee Entertainment completed the allotment of warrants to a promoter-group entity.

The company allotted 2.4 crore warrants worth Rs 75.8 crore to Sunbright Mauritius.

The Securities Appellate Tribunal had earlier granted a one-day extension for issuing the warrants.

Federal-Mogul Goetze announced both an interim and a special dividend.

The company declared an interim dividend of Rs 7.5 per share.

It also declared a special dividend of Rs 86.5 per share.

Two stocks are in the derivatives ban period, restricting fresh positions by traders.

LIC Housing Finance and SAIL are under the F&O ban.

Nifty options positioning points to key levels for traders ahead of the Sept. 1 expiry.

Maximum Call open interest stands at 24,300.

Maximum Put open interest stands at 24,000.

Jefferies maintained its cautious rating on Pidilite despite healthy demand across most products.

Jefferies

• Rating: Maintain Hold

• Target price: Rs 1,730

• Key reason: The brokerage said channel checks suggest price hikes of 2-12% in the June quarter, but expects FY27 operating margin to decline amid high VAM prices.

Macquarie maintained its positive view on United Spirits while flagging input-cost concerns.

Macquarie

• Rating: Maintain Outperform

• Target price: Rs 1,475

• Key reason: The brokerage cited stronger growth versus Pernod India and constructive demand commentary, while acknowledging inflation concerns following higher sugar prices.

CLSA raised concerns about Meesho's ability to monetise its customer base.

CLSA

• Rating: Initiate Underperform

• Target price: Rs 150

• Key reason: The brokerage said monetisation of the low-income customer cohort remains a key challenge and believes the valuation is pricing in unrealistic outcomes.

HSBC initiated coverage of Manipal Health, citing potential gains from scale and profitability.

HSBC

• Rating: Initiate Buy

• Target price: Rs 1,000

• Key reason: The brokerage expects profitability to improve following the company's expansion in bed capacity.

HSBC expects PAT to grow threefold over FY26-29.

Jefferies initiated coverage of SBI FM with a positive rating.

Jefferies

• Rating: Initiate Buy

• Target price: Rs 710

• Key reason: The brokerage cited the company's distribution network, association with India's largest PSU bank and presence in faster-growing lower-tier markets.

Jefferies expects 15% OPAT CAGR through FY29.

Macquarie said Indian grid equipment companies could benefit from export opportunities linked to the US market.

The brokerage said GE Vernova T&D, Hitachi Energy, Siemens Energy and CG Power could benefit.

Macquarie said Indian companies could potentially increase exports to the US as several companies expand capacity.

A large block transaction took place in ICICI Asset Management Company.

Prudential Corporation Holdings sold 98.85 lakh shares at Rs 3,065.47 per share.

Apollo Tyres recorded a large institutional transaction involving both a major seller and several financial investors.

Emerald Sage Investment sold 2.70 crore shares at Rs 435 per share.

ICICI Prudential Mutual Fund bought 1.91 crore shares.

SBI Life Insurance bought 56.32 lakh shares.

Bajaj Life Insurance bought 22.98 lakh shares.

• Max Estates has scheduled a board meeting to consider a potential equity issuance.
• The company will consider approving the issue of equity shares through a preferential issue.

• LIC has made a large investment in Bajaj Finance's debt securities.
• LIC subscribed to Bajaj Finance's Rs 5,000 crore NCD issue.

• ICICI Bank has completed an overseas debt issuance under its global medium-term note programme.
• The bank completed the issuance of USD 1 billion senior notes.
• The notes were issued under its USD 7.5 billion GMTN programme.

CLSA raised its target price on Bajaj Auto while maintaining its positive rating.

CLSA

• Rating: Maintain Outperform

• Target price: Rs 13,466, raised from Rs 12,068

• Key reason: The brokerage expects the diversified portfolio to support growth and cited EBITDA margin execution and a weaker rupee as factors.

• Adani Enterprises' data centre joint venture has completed an acquisition within the group.
• AdaniConneX acquired a 100% stake in Chandenvalle Infra Park from Adani Power for Rs 536 crore.

Hindustan Copper's board meeting could bring a fresh capital-raising proposal into focus.

The board will consider a QIP of up to 9.7 crore shares.

It will also consider raising up to Rs 500 crore through NCDs and other instruments.

The board meeting is scheduled for Sept. 23.

Macquarie said uncertainty over HDFC Bank's chief executive could remain a key factor for the stock.

Macquarie

• Rating: Maintain Outperform

• Target price: Rs 1,150

• Key reason: CEO tenure is slated to expire on Oct. 26, 2026, with Macquarie seeing either a shorter extension or a full three-year term as possible outcomes.

The brokerage said future performance will depend on improvement in fundamentals.

Nifty futures are indicating a weaker start for the cash market while continuing to trade at a premium to the underlying index.

Nifty September futures are down 0.67% at 24,266.

The futures are trading at a premium of 176 points.

Tejas Networks has secured a major order-related development that could drive investor attention.

The company received a Rs 1,537 crore Letter of Intent from TCS for the supply of RAN equipment.

Great Eastern Shipping's board has approved a share buyback of up to Rs 900 crore.

The company will buy back shares at up to Rs 1,530 per share.

The buyback size is up to 58.8 lakh shares, representing 4.12% of the company's equity.

Hero MotoCorp's planned investment will increase its exposure to Ather Energy and is among the largest corporate transactions in the morning setup.

Hero MotoCorp will acquire an additional stake in Ather Energy for Rs 1,758 crore.

Its holding in Ather Energy will rise to 32.8% from 29.88%.

Gold traded near $4,600 an ounce as investors awaited signals on US interest rates from the Federal Reserve chairman’s speech. Bullion was on course for its largest monthly gain since 1999 after rising 0.2% in the previous session.

S&P 500 futures fell 0.1%, while Nasdaq 100 futures declined 0.2%. Dow Jones futures slipped 28 points.

Investors tracked corporate earnings and awaited Warsh’s address.

Japan’s Nikkei 225 rose 0.41%, while Australia’s S&P/ASX 200 gained 0.28%.

South Korea’s Kospi declined 0.60%.

The Sensex closed 0.70% lower at 76,933.59, while the Nifty 50 declined 0.48% to 24,090.85 in the previous session. Metal, banking and cement stocks led the losses.

GIFT Nifty traded at 24,255 on Friday morning, indicating that the Nifty 50 could open about 20 points lower. Indian equity benchmarks ended Thursday’s session in the red.