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Indian equity benchmarks opened higher, extending gains for the second consecutive trading session. The NSE Nifty 50 rose as much as 0.1% to 24,357.05. The BSE Sensex rose as much as 273 points to 77,929.64.
Elsewhere, Asian equities traded in mixed directions on Wednesday as investors awaited Nvidia's quarterly earnings and tracked a continued decline in crude oil prices.
Australia's S&P/ASX 200 rose 0.53%, while South Korea's Kospi gained 0.24%. Japan's Nikkei 225 fell 0.35%, and China's Shanghai Composite edged 0.01% lower.
Investors are awaiting Nvidia's second-quarter results, due after the U.S. market closes on Wednesday. Wall Street expects the chipmaker to report earnings of $2.09 per share on revenue of $92.28 billion, according to FactSet.
Nvidia's results could have implications for broader equity markets because the company is the largest constituent of the S&P 500, with a market capitalisation of more than $5 trillion.
Oil prices fell for a third consecutive session after Iran and Oman discussed an "interim framework" aimed at facilitating the return of shipping through the Strait of Hormuz.
Brent crude dropped below $87 a barrel, taking its losses for the week to about 8%, while West Texas Intermediate traded near $81 a barrel.
U.S. stock futures were largely steady. S&P 500 futures were little changed, while Nasdaq-100 futures rose nearly 0.1%.
Markets are also looking ahead to Federal Reserve Chairman Kevin Warsh's speech at the Fed's annual Jackson Hole symposium in Wyoming on Friday. Some investors expect Warsh to provide limited guidance on monetary policy as the Fed's September decision approaches.
Stock Market Live: Nifty Put OI Rises Faster Than Call OI Since Last Expiry
- Nifty's Put open interest has increased 70.71% since the last expiry, compared with a 47.41% increase in Call open interest.
- Total open interest has risen 58%, even as the index is down 6.13%.
Stock Market Live: Nifty Options Positioning Points To A Crowded 24,300-25,000 Zone
- The heaviest Nifty options activity is concentrated between 24,300 and 25,000.
- Large Put positions are clustered around 24,300-24,400, while substantial Call open interest is visible at 24,500, 24,800 and 25,000.
Stock Market Live: Nifty Call Writing Builds Across Higher Strikes
Fresh Call open interest additions are visible at several higher Nifty strikes, including 24,400, 24,500, 24,600, 24,800 and 25,000.
The positioning shows expanding Call activity above the current range.
Stock Market Live: Fresh Nifty Put Writing Seen Around 24,300-24,400
Put open interest additions are concentrated around the 24,300, 24,350 and 24,400 strikes.
The build-up has added to the concentration of Put positions near the current Nifty range.
Stock Market Live: Nifty Call OI Concentrates At 24,500
The 24,500 strike carries the largest Call open interest in the latest Nifty options data.
Other sizeable Call positions are visible around 24,400, 24,800 and 25,000, creating multiple overhead options concentrations.
Stock Market Live: Nifty Put Positions Build Up At 24,400
The latest options distribution shows the largest Put open interest around the 24,400 strike, with another large concentration at 24,300.
The positioning keeps the 24,300-24,400 zone in focus on the downside.
Stock Market Live: Gaja Alternative Asset Management Lists At 16% Premium
Gaja Alternative Asset Management listed at Rs 185 on the NSE, a 15.63% premium to its issue price of Rs 160. The stock opened at Rs 185.20 on the BSE, a premium of 15.75%.
The Rs 550-crore IPO was subscribed 31.33 times on the final day of bidding.
Stock Market Live: Hindustan Copper Rises 3% As OFS Opens For Retail Investors
Hindustan Copper shares rose as much as 3.48% to Rs 551.80 as the government’s offer for sale opened to retail investors.
The non-retail portion was subscribed 3.41 times. The government exercised the full green shoe option, raising the proposed stake sale to 6%, at a floor price of Rs 514 per share.
Stock Market Live: IT Stocks Trade Higher; Sonata Software Gains 2.6%
Sonata Software rose 2.60%, while Birlasoft, Coforge and Zensar Technologies gained between 1.45% and 1.96%.
Infosys fell 0.94%, while Happiest Minds Technologies and HCL Technologies declined 0.39% and 0.14%, respectively.
Stock Market Live: Nifty PSU Bank Gains 1.4%, Metal Index Falls 0.4%
The Nifty PSU Bank rose 1.39%, while the Nifty Bank and Nifty Realty gained 0.68% and 0.57%, respectively.
The Nifty Metal fell 0.42%, while the Nifty India Defence and Nifty Auto declined 0.11% and 0.10%, respectively.
Stock Market Live: ICICI Bank Leads Gains On Nifty 50
- ICICI Bank contributed 32.45 points to the Nifty 50’s rise, followed by SBI with 6.80 points and Axis Bank with 4.56 points.
- Reliance Industries dragged the index by 9.99 points, while Bharti Airtel and Infosys pulled it down by 8.85 points and 8.51 points, respectively.
Stock Market Live: Nifty Gains Over 24,350, Sensex Up Nearly 300 Points
The NSE Nifty 50 rose as much as 0.1% to 24,357.05
The BSE Sensex rose as much as 273 points to 77,929.64
Stock Market Live: Nifty 50, Sensex Rise In Pre-Market Trade
The Nifty 50 rose 7.40 points, or 0.03%, to 24,341.95 in pre-market trade.
The Sensex gained 236.01 points, or 0.30%, to 77,892.10.
Stock Market Live: Jubilant Agri Excluded From ASM Framework
Jubilant Agri and Consumer Products was excluded from the ASM framework. The exclusion removes the additional surveillance measure on the stock.
Stock Market Live: Balu Forge And Others Added To Short-Term ASM
Balu Forge Industries, Waterways Leisure Tourism and Shanthi Gears were shortlisted for the Short-Term ASM framework. The exchange surveillance action could affect trading conditions in the stocks.
Stock Market Live: Shilpa Medicare Added To Long-Term ASM Framework
Shilpa Medicare was shortlisted for the Long-Term ASM framework. The surveillance action places additional trading monitoring on the stock.
Stock Market Live: Waterways Leisure Tourism Trades Ex-Split
Waterways Leisure Tourism's 1:10 stock split became effective, with the shares trading ex-split. The corporate action changes the number of shares while adjusting the per-share price.
Stock Market Live: Currency Market Closed For Id-E-Milad
The domestic currency market will remain closed today on account of Id-E-Milad.
Stock Market Live: Himadri Raises Cumulative Sicona CCN Holding
Himadri Speciality Chemical remitted the final tranche of AUD 1.6 million towards subscribing to 16.9 lakh CCNs in Sicona. Its cumulative holding has risen to 1.84 crore CCNs.
Stock Market Live: Godrej Properties Arm Gets NCLT Approval
The NCLT approved a selective reduction of share capital of Godrej Properties' arm Godrej Redevelopers (Mumbai). The order advances the proposed corporate restructuring at the subsidiary.
Stock Market Live: Axis Bank Gets SEBI Proceedings Disposed Of
SEBI disposed of proceedings against Axis Bank, Axis Securities and Axis Capital. The regulatory development removes the proceedings disclosed by the entities.
Stock Market Live: Cipla, Dabur And CEAT Lead Regulatory Developments
Several companies reported regulatory and legal updates that could drive stock-specific activity.
- Cipla received seven US FDA observations at its Pithampur facility.
- Dabur said the Delhi High Court extended the stay on FSSAI's '100%' order, with the next hearing set for December 16.
- CEAT said the CCI found no contravention in the alleged 2019 tender bid-rigging case.
Stock Market Live: UCO Bank MD And CEO Charge Extended By Three Months
The Department of Financial Services extended the additional charge of UCO Bank's MD and CEO held by Executive Director Rajendra Kumar Saboo for three months until November 30, 2026, or until a regular appointment is made.
Stock Market Live: Unitech Appoints Giridhar Aramane As CMD
Unitech appointed Giridhar Aramane as chairman and managing director for a two-year term. The appointment marks a leadership change at the company.
Stock Market Live: CarTrade Tech Consumer Business CEO Resigns
CarTrade Tech said Banwari Lal Sharma resigned as CEO of its Consumer Business. The resignation triggers a management change in the company's consumer segment.
Stock Market Live: Rainbow Children's Medicare CFO To Step Down
Rainbow Children's Medicare said Vikas Maheshwari will resign as CFO with effect from August 31. The change creates a senior management transition for the healthcare company.
Stock Market Live: Religare Broking Gets Rs 100 Crore Rights Issue Subscription
Religare Enterprises said its arm Religare Broking allotted shares worth Rs 100 crore through a rights issue, with the parent subscribing to the issue. The transaction adds capital to the broking subsidiary.
Stock Market Live: Iris Clothings Gets NSE Approval For Preferential Issue
Iris Clothings received NSE approval to issue 77 lakh shares on a preferential basis to non-promoters. The approval clears a key step for the proposed equity issuance.
Stock Market Live: Ather Energy Allots Shares And Warrants
Ather Energy approved the allotment of 16 lakh shares at Rs 1,230 per share and 79 lakh warrants at Rs 1,260 per warrant. The allotment updates the company's capital structure.
Stock Market Live: Sai Parenterals Unit Renews Rs 204 Crore Supply Pact
Sai Parenterals said its arm Noumed renewed a three-year OTC supply agreement with a higher contract value of Rs 204 crore. The agreement provides continued revenue visibility for the subsidiary.
Stock Market Live: Jaykay Enterprises Secures Rs 60 Crore BrahMos Order
Jaykay Enterprises secured an order worth Rs 60 crore from BrahMos Aerospace. The defence-related contract puts the company's order flow in focus.
Stock Market Live: NBCC Wins Rs 122 Crore Rajasthan Education Order
NBCC received an order worth Rs 122 crore from the Rajasthan Council of School Education. The order provides a fresh project trigger for the state-owned construction company.
Stock Market Live: BR Goyal Infra Wins Rs 151 Crore NHAI Contract
BR Goyal Infra received a Rs 151 crore toll collection contract from NHAI. The contract adds a new infrastructure-related order to the company's portfolio.
Stock Market Live: Advait Energy Wins Rs 135 Crore MPPTCL Order
Advait Energy Transitions received an order worth Rs 135 crore from MPPTCL. The contract adds to the company's order pipeline.
Stock Market Live: NITCO Project Expected To Generate Rs 1,500 Crore Revenue
HoABL entered into a joint venture with NITCO, its subsidiary and promoter for Alibaug land parcels. NITCO said the project is expected to generate Rs 1,500 crore in revenue.
Stock Market Live: Varun Beverages Forms KIVA Spirits Arm
Varun Beverages will incorporate KIVA Spirits and Company in India and a joint venture in Tunisia. The company also appointed Prathmesh Mishra as managing director and CEO of the new arm.
Stock Market Live: Macquarie Raises Targets Across QSR Stocks
Macquarie raised target prices for Devyani International, Westlife Foodworld and Sapphire Foods while maintaining Outperform ratings. The brokerage cited improving demand, operating leverage and expectations of Ebitda growth across the sector.
Stock Market Live: Macquarie Upgrades Jubilant Food To Neutral
Macquarie upgraded Jubilant Food to Neutral from Underperform and raised its target price to Rs 520 from Rs 375. The brokerage cited channel checks indicating Q2 same-store sales growth ahead of Q1 and signs of demand recovery.
Stock Market Live: Jefferies Sees Port Concession Extensions Improving Visibility
Jefferies maintained Buy on Adani Ports with a target price of Rs 2,160 and Underperform on Gujarat Pipavav with a target price of Rs 131. The brokerage said potential extensions of Gujarat port concessions could remove an overhang, though the final terms will determine the economics.
Stock Market Live: Nifty September Futures Trade At 150-Point Premium
Nifty September futures rose 0.66% to 24,485.20 and traded at a premium of 150 points. The premium provides an early derivatives indication of positioning ahead of the cash market session.
Stock Market Live: Apollo Pipes Board To Consider QIP Or Rights Issue
Apollo Pipes will consider fundraising through a QIP or rights issue at its board meeting on August 31. The proposal places the company's capital-raising plans in focus.
Stock Market Live: Max Estates Board To Consider Preferential Issue
Max Estates said its board will consider an equity preferential issue on August 28. The board decision could determine the company's next equity fundraising move.
Stock Market Live: Prataap Snacks Signs Deal To Buy RLOP Food Processing
Prataap Snacks executed a share purchase agreement to acquire a 100% stake in RLOP Food Processing. The acquisition expands the company's portfolio through a full ownership transaction.
Stock Market Live: HEG Demerger Takes Effect From September 1
HEG's demerger will become effective from September 1, with September 7 fixed as the record date. Shareholders will receive one share for every one share held, while the company also announced leadership roles for the demerged businesses.
Stock Market Live: Fedbank Financial Approves Rs 2,500 Crore Fund Raise
Fedbank Financial Services approved fundraising of up to Rs 2,500 crore through NCDs. The company also increased its borrowing limit to Rs 23,000 crore.
Stock Market Live: Honasa Calls Off Fluence Pharma Stake Acquisition
Honasa Consumer has called off its proposed acquisition of a 58% stake in Fluence Pharma after closing conditions were not fulfilled. The decision ends the proposed transaction and removes the acquisition from the company's immediate plans.
Stock Market Live: GMR Airports NCD Rating Upgraded By CARE Ratings
GMR Airports received a rating upgrade from CARE Ratings on its Rs 1,500 crore NCDs and long-term bank facilities. The rating moved to CARE AA-; Stable from CARE A ; Positive.
Stock Market Live: GMR Airports Gets Buy Call After Hyderabad Tariff Order
Jefferies maintained its Buy rating on GMR Airports with a target price of Rs 135 after AERA approved the Hyderabad airport's FY27-31 tariff order. The brokerage said tariff recovery remains intact, though the timing of recovery from major capacity expansion will shift towards FY30-31.
Stock Market Live: Cyient Draws Divergent Brokerage Views On Transformation
Cyient's transformation strategy received contrasting assessments from JPMorgan and Morgan Stanley.
JPMorgan
- Rating: Overweight
- Target price: Rs 1,050
- Key reason: The brokerage expects FY27 to be a year of transformation and FY28 to focus on scaling, with management targeting industry-leading growth and margins above 16%.
Morgan Stanley
- Rating: Underweight
- Target price: Rs 820
- Key reason: The brokerage said execution remains crucial and is not building in a material near-term improvement in the business outlook.
Stock Market Live: Varun Beverages Gets Two Overweight Calls On Alcobev Plans
Varun Beverages attracted separate Overweight views from JPMorgan and Morgan Stanley as investors assess its expansion into alcoholic beverages.
JPMorgan
- Rating: Overweight
- Target price: Rs 530
- Key reason: The alcobev initiatives could diversify the portfolio and create medium-term growth avenues, while domestic growth recovery remains the key near-term catalyst.
Morgan Stanley
- Rating: Overweight
- Target price: Rs 557
- Key reason: The proposed subsidiary continues management's commentary on expansion into RTD and alcoholic beverages, though details of the strategy remain awaited.
Stock Market Live: Federal Bank And Jana Deal Speculation Draws Citi View
Citi maintained its Neutral rating on Federal Bank with a target price of Rs 360 after reports around a potential transaction involving Jana. The brokerage said Jana could potentially add 14% to Federal Bank's advances and 11% to its deposits, while offering funding cost arbitrage, a granular secured franchise and access to underpenetrated markets.
Stock Market Live: Cipla Gets Seven FDA Observations At Pithampur Plant
Cipla disclosed that the US FDA inspected its Pithampur facility from August 17 to August 25 and issued seven observations in Form 483. The regulatory observations put the pharmaceutical company's manufacturing facility under investor focus.
Stock Market Live: Hindustan Copper OFS Expands To 6% Stake
Hindustan Copper will remain in focus after the government exercised its oversubscription option, increasing the OFS size to 5.8 crore shares, or a 6% stake. The non-retail portion was subscribed 3.41 times as of 3:45 pm.
Stock Market Live: Urban Company Downgraded By BofA After 30% Rally
BofA downgraded Urban Company to Underperform from Neutral and set a target price of Rs 155 after the stock rallied 30% since its Q1 results. The brokerage said competition remains intense in InstaHelp and losses remain high, even as core business momentum stays strong.
Stock Market Live: Metro Brands Upgraded To Add By Kotak Securities
Kotak Securities upgraded Metro Brands to Add from Reduce, citing a better entry point despite cutting its target price to Rs 1,000 from Rs 1,050. The brokerage said listed footwear players have seen growth improve after the GST cut, while normalising footwear imports could signal faster sales and advertising acceleration for Metro Brands. It also identified the value format Walkway as a potential long-term growth driver.
Stock Market Live: US Stock Futures Trade Flat
S&P 500 futures were little changed, while Nasdaq-100 futures rose nearly 0.1%.
Stock Market Live: Brent Crude Falls Below $87 As Hormuz Talks Progress
Brent crude declined for a third session, falling below $87 a barrel and extending its weekly loss to about 8%. West Texas Intermediate traded near $81.
The decline followed discussions between Iran and Oman on an interim framework aimed at restoring shipping through the Strait of Hormuz.
Stock Market Live: Asian Markets Trade Mixed; ASX 200 Gains 0.5%
Australia’s S&P/ASX 200 rose 0.53%, while South Korea’s Kospi gained 0.24%.
Japan’s Nikkei 225 fell 0.35%, while China’s Shanghai Composite edged 0.01% lower.
Stock Market Live: GIFT Nifty At 24,554.54 Signals Positive Start
GIFT Nifty traded at 24,554.54 on Wednesday, indicating a positive start for Indian equities after the benchmarks returned to gains in the previous session.
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