Stock Market Live: Nifty Gains Above 24,300, Sensex Up Over 200 Points; Vishal Mega Mart Surges 9%
HDFC Bank added 24.88 points to the Nifty 50, while Infosys contributed 13.97 points. SBI, Bajaj Finance, Cipla, Titan and Apollo Hospitals limited the advance.
Hello and welcome to our live coverage on stock markets.
The NSE Nifty 50 rose as much as 0.2% to 24,306.75 and the BSE Sensex rose as much as 0.3% or 207.51 points to 77,748.34.
Markets now face a mix of domestic positioning and global risks, with crude prices, US policy action and Asian trading likely to shape the opening mood. Global developments could also influence sentiment, with investors awaiting fresh US measures against Iran and monitoring their potential effect on crude oil supplies.
Kruti Shah, quant analyst at Equirus Securities, said the recent decline has brought the market closer to levels where positioning and sentiment are beginning to settle.
"PCR slipping to multi-week lows and call writers concentrated around 24,500-24,700, downside pessimism appears elevated, but risk-reward favours longs," Shah said.
She expects the 24,000-24,200 range to offer support. A sustained move above 24,500 could improve risk appetite, she said.
Shah said financial and metal stocks were showing improving relative strength, while realty, pharmaceutical and select defence shares could see profit booking. IT remains mixed, with midcap companies outperforming larger peers.
Asian markets were mixed on Monday. South Korea's Kospi declined 1.53% and Japan's Nikkei 225 fell 0.46%, while Australia's ASX 200 rose 0.25%.
US Treasury Secretary Scott Bessent is expected to announce new sanctions against Iran later in the day. The move follows President Donald Trump's warning last week of a severe economic campaign against the country.
Brent crude fell 1% to $93.45 a barrel but remains more than 50% higher this year as the US-Iran war has disrupted global supplies.
Gold held near a three-month high above $4,620 an ounce. US stock futures also edged lower after the Dow, S&P 500 and Nasdaq ended last week in the red.
Stock Market Live: Nifty Trades Between Heavy Options Positions
- Nifty's underlying level in the options data is around 24,273.
- The largest Call OI is concentrated at 24,300, while the largest Put OI sits at 24,200.
- That places the heaviest immediate options positioning around the 24,200-24,300 zone.
Stock Market Live: Dixon Dominates Fresh Shorts List
Dixon is among the most notable names in the fresh shorts data.
The September contract fell 3.16% with open interest rising 31.52%, while the October contract declined 3.28% and OI increased 28.86%.
This suggests fresh short positions.
Stock Market Live: Nifty 24,000 Remains A Major Put Position
The 24,000 strike holds about 2.89 lakh Put contracts, making it one of the larger Put OI positions in the current weekly series.
The largest Put concentrations remain at:
- 24,200
- 24,300
- 24,000
- 24,250
Stock Market Live: IndiGo Futures Point To Short Covering
IndiGo futures rose 1.47% while open interest declined 0.03% in the August series.
The October contract also gained 1.23%, with OI down 0.23%.
This indicates short covering.
Stock Market Live: Nifty Fin Service Options OI Surges Since Last Expiry
Nifty Fin Service fell 4.30% since the last expiry, while futures open interest increased 22.24%.
Options activity expanded sharply:
- Call OI increased 2,917.82%
- Put OI increased 3,646.52%
- Total OI increased 2,392.36%
Stock Market Live: Bank Nifty Sees Call Writing At 57,800
Fresh Call OI addition is highest at the 57,800 strike, with open interest rising by about 27,152 contracts.
Other major Call additions include:
- 57,700: 17,857 contracts
- 58,000: 15,485 contracts
- 57,900: 10,700 contracts
- 58,300: 8,536 contracts
Stock Market Live: Nifty Put Writing Centres On 24,300
The 24,300 strike recorded the highest Put OI addition at about 1.82 lakh contracts.
Other notable Put additions are seen at:
- 24,250: 1.19 lakh contracts
- 24,200: 1.10 lakh contracts
- 24,350: 68,660 contracts
- 24,400: 62,453 contracts
Stock Market Live: Long Liquidation Seen In UltraTech Cement Futures
UltraTech Cement futures slipped 0.13% while open interest edged down 0.02%.
The price and OI decline points to long liquidation.
Other stocks in the liquidation list include:
- ONGC
- Bank of Baroda
- VBL
- Asian Paints
- Biocon
- United Spirits
- Motherson
- IEX
- Adani Power
Stock Market Live: Nifty Mid Select Gains As Options OI Expands
Nifty Mid Select rose 11.60% since the last expiry.
Futures open interest increased 3.77%, while:
- Call OI increased 429.88%
- Put OI increased 410.72%
- Total OI increased 295.89%
The data shows a sharp expansion in options participation alongside the index gain.
Stock Market Live: Bank Nifty Put Positions Build At 57,800
The largest Put OI addition is at the 57,800 strike, where open interest increased by about 15,019 contracts.
Other notable Put additions include:
- 57,700: 14,537 contracts
- 56,000: 10,939 contracts
- 57,600: 8,114 contracts
- 57,500: 6,656 contracts
Stock Market Live: Nifty Shows Heavy Call Addition At 24,300
Fresh Call open interest addition is highest at the 24,300 strike, where Call OI increased by about 3.14 lakh contracts.
Other notable additions are at:
- 24,350: 2.04 lakh contracts
- 24,400: 1.33 lakh contracts
- 24,250: 1.02 lakh contracts
- 24,450: 96,149 contracts
Stock Market Live: VMM Leads Long Build-Up List
VMM futures rose 8.86% while open interest increased 14.95%.
The combination of higher price and higher open interest indicates fresh long positions.
Other stocks visible in the accumulation list include:
- TIINDIA
- Manappuram
- Bandhan Bank
- Patanjali
- Muthoot Finance
- Kaynes
- Bajaj Auto
- CDSL
- Glenmark
Stock Market Live: Nifty Put OI Builds At 24,200
The 24,200 strike holds the highest Put open interest at about 3.42 lakh contracts.
Other major Put positions are seen at:
- 24,300: 3.29 lakh contracts
- 24,000: 2.89 lakh contracts
- 24,250: 2.24 lakh contracts
- 23,000: 1.64 lakh contracts
Stock Market Live: Bank Nifty Call OI Concentrates At 58,000
The 58,000 strike carries the highest Call open interest for Bank Nifty at about 88,200 contracts.
Other notable Call positions include:
- 57,700: 44,243 contracts
- 57,800: 43,828 contracts
- 59,000: 43,751 contracts
- 60,000: 43,081 contracts
Stock Market Live: Dixon Futures See Fresh Short Positions
Dixon futures fell 3.16% in the September series while open interest increased 31.52%.
The October contract also declined 3.28%, with open interest rising 28.86%.
This suggests fresh short positions in both contracts.
Stock Market Live: Nifty 24,300 Emerges As Key Call OI Strike
The 24,300 strike holds the highest Call open interest in the current weekly series at about 5.21 lakh contracts.
Other notable Call OI positions are concentrated at:
- 24,400: 2.76 lakh contracts
- 24,350: 2.72 lakh contracts
- 24,500: 2.71 lakh contracts
- 24,200: 2.16 lakh contracts
Stock Market Live: Aarti Drugs Expects Metformin Volume Growth Of 10-15%
Aarti Drugs CFO Adhish Patil expects metformin volumes to grow 10-15% if active pharmaceutical ingredient prices remain stable. The company expects higher volumes in the second quarter to offset lower prices.
Patil said the company is comfortable with debt of Rs 593 crore and expects internal accruals to meet its capital needs.
Stock Market Live: TVS Supply Chain Signs MoU With Japan’s Sankyu
TVS Supply Chain Solutions signed an agreement with Sankyu Inc. for supply-chain and engineering services.
Sankyu also plans to acquire a 0.5% stake in the company, according to an exchange filing.
Stock Market Live: Vishal Mega Mart Jumps After CEO Reappointment
Vishal Mega Mart shares rose as much as 9.93% to Rs 113.70 before paring gains to trade 7% higher at Rs 110.63.
Morgan Stanley retained its ‘overweight’ rating and Rs 146 target price after the retailer reappointed Gunender Kapur as managing director and chief executive for five years from September 1.
Stock Market Live: Piyush Goyal Calls For Japanese Companies In India To Double
Commerce and Industry Minister Piyush Goyal said the number of Japanese companies operating in India should double during the current decade.
Speaking at a business meeting in Tokyo, Goyal sought Japan’s partnership as India aims to expand its economy from $4 trillion to $30 trillion by 2047.
Stock Market Live: InterGlobe Aviation Rises, SpiceJet Declines
InterGlobe Aviation gained 0.12%, while SpiceJet fell 0.18%.
Stock Market Live: Aluminium Stocks Rise, Nalco Gains 1.2%
National Aluminium Company rose 1.19%, while Maan Aluminium gained 1.07%. Vedanta and Hindalco advanced 1.04% and 1.01%, respectively.
Manaksia Aluminium fell 1.34%.
Stock Market Live: PC Jeweller Leads Gains Among Jewellery Stocks
PC Jeweller rose 4.79%, Senco Gold gained 3.87% and Tribhovandas Bhimji Zaveri advanced 3.08%. KDDL fell 1.10%, while Sky Gold and Titan declined 0.42% each.
Stock Market Live: VST Industries Leads Tobacco Stocks Higher
VST Industries rose 0.24%, while Godfrey Phillips India gained 0.18%. ITC advanced 0.17%.
Stock Market Live: IT Stocks Rise, Hexaware Technologies Gains Over 5%
Hexaware Technologies rose 5.23%, while Newgen Software Technologies and Zensar Technologies gained 2.54% and 2.30%, respectively.
Infosys advanced 1.78%, while HCL Technologies gained 1.37%. Coforge fell 0.14%.
Stock Market Live: Nifty Media Leads Sectoral Gains, Pharma Falls Most
Nifty Media rose 1.34%, followed by Nifty IT at 0.99% and Nifty Metal at 0.72%. Nifty Pharma fell 0.56%, while Nifty India Defence declined 0.29%.
Stock Market Live: HDFC Bank, Infosys Lead Nifty 50 Gains
HDFC Bank added 24.88 points to the Nifty 50, while Infosys contributed 13.97 points. SBI, Bajaj Finance, Cipla, Titan and Apollo Hospitals limited the advance.
Stock Market Live: Nifty Gains Above 24,300, Sensex Up Over 200 Points
- The NSE Nifty 50 rose as much as 0.2% to 24,306.75
- The BSE Sensex rose as much as 0.3% or 207.51 points to 77,748.34
Stock Market Live: Monsoon Trends Keep Food Supply Outlook In Focus
Monsoon developments remain relevant for food supply and inflation after Macquarie said the delayed rainfall has not resulted in crop distress so far.
The brokerage said sowing has caught up and reservoir storage remains healthy across much of the country.
It added that the distribution of late-season rainfall will remain important for crop yields.
Stock Market Live: Cement Sector Faces Valuation Concern Despite Demand Growth
Kotak Securities maintained a cautious view on the cement sector even as demand growth remains robust and pricing has held up across most regions.
The brokerage said margin pressures could peak in Q2 before improving thereafter.
However, it continues to flag demanding valuations across the sector.
Stock Market Live: Meesho Sees 1% Equity Change Hands In Block Deals
About 4.72 crore Meesho shares changed hands across two block deals, representing 1% of the company’s equity.
Stock Market Live: Consumer Electronics Stocks Watch New Manufacturing Scheme
The proposed Mobile Phone Manufacturing Scheme could bring consumer electronics manufacturers into focus as the framework seeks to expand production and localisation.
Kotak Securities said exports will be critical for companies to meet the growth thresholds under Target Scheme 1 because domestic smartphone sales have remained flat.
The brokerage's scenario analysis suggests a 14–22 basis point Ebitda margin uplift for Dixon Technologies.
Stock Market Live: Power Stocks In Focus As Private Capacity Growth Accelerates
Jefferies' outlook for India's power sector puts private generation companies in focus as renewable capacity drives incremental additions.
The brokerage expects 63% of India's incremental power capacity additions over FY26–FY30E to come from the private sector and estimates private sector generation will rise 9%.
Jefferies named Adani Energy and JSW Energy as its preferred private-sector picks.
Stock Market Live: Apollo Tyres And Narayana Hrudayalaya Get Rating Upgrades
Brokerage actions have brought Apollo Tyres and Narayana Hrudayalaya into focus after UBS and Kotak Securities upgraded their recommendations.
UBS upgraded Apollo Tyres to Buy from Neutral and raised its target price to Rs 590 from Rs 580.
Kotak Securities upgraded Narayana Hrudayalaya to Buy from Add and raised its target price to Rs 2,350 from Rs 2,220.
Both brokerages cited improving medium-term business prospects.
Stock Market Live: Nifty 50, Sensex Rise In Pre-Market Trade
The Nifty 50 rose 33.05 points, or 0.14%, to 24,285.05 in pre-market trade. The Sensex gained 91.67 points, or 0.12%, to 77,632.50.
Stock Market Live: Brokerages Flag Key Opportunities Across Consumer And Healthcare
Brokerage actions have brought Vishal Mega Mart and Narayana Hrudayalaya into focus, with analysts pointing to management continuity and improving business outlooks.
Morgan Stanley maintained its Overweight rating on Vishal Mega Mart with a target price of Rs 146 after the five-year reappointment of its managing director and chief executive officer.
Kotak Securities upgraded Narayana Hrudayalaya to Buy from Add and raised its target price to Rs 2,350 from Rs 2,220, citing improving prospects across its India and international businesses.
Stock Market Live: US FDA Issues Four Observations To Aurobindo Pharma’s Lannett Unit
The US Food and Drug Administration issued four observations after inspecting Lannett’s Seymour facility in the US from August 17 to 21, Aurobindo Pharma said in an exchange filing.
Stock Market Live: Natural Rubber Prices Could Pressure Apollo Tyres In Q2
UBS said higher natural rubber prices could result in further pressure on Apollo Tyres' performance in Q2FY27.
The brokerage nevertheless upgraded the stock to Buy from Neutral, saying it expects a meaningful improvement in earnings thereafter.
UBS projects Ebitda to rise 21% YoY in FY28.
Stock Market Live: Private Power Companies Seen Outpacing PSU Earnings
Jefferies expects private power companies to deliver faster earnings growth than public sector peers over the next decade.
The brokerage expects private companies to account for 63% of India's incremental power capacity additions between FY26 and FY30E, driven largely by renewable energy.
Jefferies remains constructive on the sector.
Stock Market Live: Rupee Opens 6 Paise Higher At 95.64 Against Dollar
The rupee appreciated by as much as 6 paise to 95.64 against the US dollar in early trade.
Stock Market Live: UK Margin Expansion Supports Narayana Hrudayalaya Outlook
Kotak Securities expects margins in Narayana Hrudayalaya's UK operations to expand, adding to the outlook across the company's international businesses.
The brokerage also sees an improving outlook for Cayman insurance and expects losses in the Indian integrated care business to gradually reduce.
Kotak upgraded the stock to Buy from Add.
Stock Market Live: Apollo Tyres Valuation Discount Catches UBS Attention
UBS said Apollo Tyres continues to trade at a valuation discount to peers despite improving prospects for its India and European businesses.
The brokerage upgraded the stock to Buy from Neutral and raised its target price to Rs 590.
UBS expects the company's medium-term earnings recovery potential to become more visible after near-term commodity cost pressures ease.
Stock Market Live: UBS Sees India Business Nearing Inflection For Apollo Tyres
UBS said Apollo Tyres' India operations are nearing an inflection point as management takes steps to strengthen the business.
The brokerage upgraded the stock to Buy from Neutral and raised its target price to Rs 590 from Rs 580.
UBS said investors have remained focused on commodity cost pressures and recent execution challenges, while the medium-term outlook is improving.
Stock Market Live: Mobile Manufacturing Scheme Adds Two-Track Framework
Kotak Securities said the proposed Mobile Phone Manufacturing Scheme creates separate frameworks for scaling manufacturing and supporting Indian smartphone brands.
Target Scheme 1 focuses on manufacturing scale and localisation through a demanding 15% moving baseline revenue target.
Target Scheme 2 aims to foster Indian smartphone brands.
Stock Market Live: Food Inflation Risks Moderate As Monsoon Sowing Catches Up
Macquarie said food supply and inflation risks have moderated since June as sowing catches up and reservoir storage remains healthy.
The brokerage said the delayed monsoon has not caused crop distress so far, but the distribution of late-season rainfall will remain important for crop yields.
Stock Market Live: Management Continuity Emerges As Key Vishal Mega Mart Trigger
Morgan Stanley said Vishal Mega Mart's decision to reappoint its managing director and chief executive officer for five years provides greater clarity on management continuity.
The brokerage said uncertainty around management succession had been a key overhang for the stock.
Morgan Stanley maintained its Overweight rating with a target price of Rs 146.
Stock Market Live: Healthy Reservoirs Cushion India's Rainfall Deficit
Macquarie said reservoir storage remains healthy across much of India, helping cushion the impact of the delayed monsoon.
The brokerage said sowing has recovered and food supply and inflation risks have moderated since June.
However, it said crop yields will still depend on the distribution of late-season rainfall because a rainfall deficit remains.
Stock Market Live: Vishal Mega Mart Down 14% In Three Months
Vishal Mega Mart has declined 14% over the past three months, according to Morgan Stanley, which maintained an Overweight rating on the stock.
The brokerage said the company's decision to reappoint its managing director and chief executive officer for five years could help address concerns around management succession.
Morgan Stanley has a target price of Rs 146.
Stock Market Live: Macquarie Says Monsoon Delay Has Not Hurt Crops Yet
Macquarie said the delayed monsoon has not resulted in crop distress so far, though rainfall distribution during the rest of the season will remain important.
The brokerage said sowing has caught up and healthy reservoir levels have provided a cushion against the rainfall deficit.
It said the situation still warrants close monitoring.
Stock Market Live: Cement Demand Remains Robust Despite Price Softness
Kotak Securities said cement demand growth remains robust even as channel checks show marginal price reductions in some markets.
The brokerage said the decline has been lower than prior-year trends and has remained concentrated in select regions, particularly the East.
Kotak expects margin pressure to peak in Q2 before improving thereafter.
Stock Market Live: Jefferies Prefers Private Power Players Over PSUs
Jefferies expects private power companies to grow faster than PSU peers over the next decade as renewable capacity drives incremental additions.
Jefferies
• Expects 63% of India’s incremental power capacity addition over FY26-30E to come from the private sector.
• Estimates power demand CAGR at 6% over FY26-30E.
• Estimates private-sector generation growth at 9%.
• Remains constructive on the sector.
• Names Adani Energy and JSW Energy as its top private-sector picks.
Stock Market Live: Reliance, Bandhan Bank And Coforge Hold AGMs Today
Several listed companies are scheduled to hold their annual general meetings today, creating potential company-specific triggers.
The list includes Reliance Industries, Indraprastha Gas, Vijaya Diagnostic, Mangalore Refinery and Petrochemicals, Coforge, Bandhan Bank, Whirlpool of India, HUDCO and Astral.
Stock Market Live: Horizon Industrial Parks IPO Was Subscribed 1.52 Times
Horizon Industrial Parks’ IPO closed with overall subscription of 1.52 times.
The QIB category was subscribed 1.94 times, the retail category 1.02 times and the NII category 1.03 times.
Stock Market Live: Lalithaa Jewellery Mart IPO Had 66.63 Times Subscription
Lalithaa Jewellery Mart’s IPO closed with overall subscription of 66.63 times, led by strong demand from qualified institutional buyers and non-institutional investors.
The QIB category was subscribed 153.80 times, the NII category 78.17 times and the retail category 12.51 times.
Stock Market Live: Skyways Air Services IPO Opens Today
Skyways Air Services’ Rs 583 crore initial public offering opens for subscription on Aug. 24 and closes on Aug. 27.
The issue comprises a fresh issue of 2.89 crore shares aggregating to Rs 398.80 crore and an offer for sale of 1.33 crore shares aggregating to Rs 184 crore.
Stock Market Live: Symbiotec Pharmalab IPO Opens For Subscription
Symbiotec Pharmalab’s Rs 1,757 crore initial public offering opens for subscription on Aug. 24 and closes on Aug. 27.
The issue comprises a fresh issue of 0.15 crore shares aggregating to Rs 150 crore and an offer for sale of 1.63 crore shares aggregating to Rs 1,607 crore.
Stock Market Live: TD Power Systems Plans Face Value Split
TD Power Systems has proposed a subdivision of its equity shares.
The face value is proposed to be split from Rs 2 per share to Rs 1 per share.
Stock Market Live: Gabriel, Piramal Finance And UCO Bank Eye Fund Raising
Several companies have scheduled board meetings to consider fund-raising proposals.
The companies include:
• Gabriel India
• Piramal Finance
• UCO Bank
• Tega Industries
Stock Market Live: Allcargo And Finolex Cables Exit ASM Framework
Four stocks have been excluded from the ASM Framework as part of the latest surveillance changes.
The stocks are:
• Allcargo Logistics
• Finolex Cables
• GSP Crop Science
• TCPL Packaging
Stock Market Live: Seven Stocks Added To Short-Term ASM Framework
Seven stocks have been shortlisted for inclusion in Stage I of the Short-Term ASM Framework.
The list includes:
• Bajaj Hindusthan Sugar
• Dalmia Bharat Sugar and Industries
• DCM Shriram Industries
• Happy Forgings
• Kwality Pharmaceuticals
• Kwality Wall's (India)
• Ratnaveer Precision Engineering
Stock Market Live: Avadh Sugar Price Band Tightened To 10%
The price band for Avadh Sugar & Energy will be reduced from 20% to 10%.
The revision forms part of the day’s trading and surveillance changes.
Stock Market Live: Motisons Sees 65 Lakh Shares Sold In Block Deal
Nirmalkumar Pareek sold 65 lakh shares of Motisons in a block transaction.
The shares changed hands at Rs 16.96 each.
Stock Market Live: Tube Investments Buys 20.65 Lakh Shanti Gears Shares
Tube Investments of India bought 20.65 lakh shares of Shanti Gears in a block deal.
Pacific Assets Trust sold an equal number of shares at Rs 375.30 per share.
Stock Market Live: Qualcomm Sells 75 Lakh Shadowfax Shares In Block Deal
Qualcomm Asia Pacific sold 75 lakh shares of Shadowfax in a block deal.
The transaction took place at Rs 245.13 per share.
Stock Market Live: AMAGI Sees Major Institutional Block Deals
AMAGI saw several institutional transactions at Rs 560 per share, with multiple sellers exiting and domestic institutions buying shares.
SBI Mutual Fund bought 50.89 lakh shares.
HDFC Standard Life Insurance Company bought 17.86 lakh shares.
ICICI Prudential Mutual Fund bought 9.34 lakh shares.
Trudy Holdings sold 31.69 lakh shares.
Accel Growth VI Holdings sold 27.27 lakh shares.
Accel India VI sold 27.27 lakh shares.
AVP I Fund sold 18.65 lakh shares.
Stock Market Live: SAIL Remains Under F&O Ban On Aug. 24
SAIL is the only security under the F&O ban for Aug. 24.
The stock will remain subject to the exchange restrictions applicable under the derivatives ban framework.
Stock Market Live: Nifty 24,000 Holds Maximum Put Open Interest
The 24,000 strike carries the maximum Put open interest for the Aug. 25 Nifty options expiry.
The level is among the key derivatives positions to track during the session.
Stock Market Live: Nifty 24,300 Emerges As Maximum Call OI Level
The 24,300 strike holds the maximum Call open interest for the Aug. 25 Nifty options expiry.
The level will remain among the key derivatives levels for traders tracking the expiry.
Stock Market Live: Nifty Futures Trade At 36-Point Premium
Nifty August futures traded near a premium to the spot index ahead of the opening, providing an early derivatives cue for the market.
Nifty August futures were down 0.02% at 24,288.00, trading at a premium of 36 points.
Stock Market Live: Kotak Sees Cement Margin Pressure Peaking In Q2
Kotak Securities said cement prices have softened marginally in select regions while demand growth remains robust.
Kotak Securities
• Said pricing has held up across most regions.
• Said the decline in prices has been lower than prior-year trends.
• Said the weakness has largely been restricted to select regions, including the East.
• Expects margin pressure to peak in Q2 before improving.
• Maintains a cautious view on the sector due to valuations.
Stock Market Live: Narayana Hrudayalaya Upgraded To Buy By Kotak
Kotak Securities upgraded Narayana Hrudayalaya to Buy from Add and raised its target price, citing an improving outlook for its insurance businesses and continued growth in its India hospital segment.
Kotak Securities
• Upgrades to Buy from Add.
• Raises target price to Rs 2,350 from Rs 2,220.
• Said Indian insurance concerns are overdone.
• Expects Cayman insurance losses to decline.
• Expects Cayman insurance to achieve Ebitda breakeven by the end of FY28.
• Said the core India hospital segment delivered 39% YoY Ebitda growth.
Stock Market Live: Apollo Micro Systems Open Offer For Premier Explosives Moves Ahead
SEBI permitted the open offer process by Apollo Micro Systems for Premier Explosives to commence within 12 working days of CCI approval.
The offer seeks to acquire up to 26% stake, or about 1.40 crore shares, at Rs 698 per share.
Stock Market Live: Urban Company Takes Kent RO Dispute To Delhi High Court
Urban Company sued Kent RO over advertisements that allegedly defamed and disparaged its NATIVE water purifiers.
Kent RO told the Delhi High Court it would remove the disputed advertisements within 15 days of Aug. 12 and refrain from making similar claims. Other patent and tortious-interference cases between the companies remain pending.
Stock Market Live: KPI Green Subsidiary Approves Rs 55.80 Crore Acquisition
KPI Green Energy’s subsidiary Sun Drops Energia approved the acquisition of up to 100% of DMGEL for Rs 55.80 crore.
The acquisition will be completed through a share swap
Stock Market Live: Innova Captab Approves Rs 45 Crore Baddi Expansion
Innova Captab’s board approved a brownfield expansion of its manufacturing facility in Baddi, Himachal Pradesh.
The company plans to spend Rs 45 crore on the expansion.
Stock Market Live: Acutaas Chemical Approves Rs 212 Crore Capex
Acutaas Chemical’s board approved capital expenditure of Rs 212 crore for a greenfield or brownfield manufacturing plant in Gujarat.
The proposed facility will manufacture new electronic-grade chemicals.
Stock Market Live: B.R. Goyal Infrastructure Wins Rs 151 Crore NHAI Order
B.R. Goyal Infrastructure won an order worth Rs 151 crore from the National Highways Authority of India.
The contract involves engagement as a user fee agency for the Jajau Fee Plaza in Madhya Pradesh.
Stock Market Live: Diamond Power Wins Rs 52.9 Crore Data Centre Order
Diamond Power won an order worth Rs 52.9 crore from Aurionpro Solutions.
The order involves the supply of high-tension and low-tension electrical cables for a hyperscale data centre campus in Hyderabad.
Stock Market Live: Vishal Mega Mart Reappoints Gunender Kapur As MD And CEO
Vishal Mega Mart’s board reappointed Gunender Kapur as Founder, Managing Director and Chief Executive Officer for five years with effect from Sept. 1.
The reappointment addresses a management succession issue that had remained an overhang on the stock, according to Morgan Stanley.
Morgan Stanley
• Maintains Overweight rating.
• Target price at Rs 146.
• Said the five-year reappointment could help address concerns around management succession.
• The brokerage noted the stock has fallen 14% over the past three months.
• It said Vishal Mega Mart trades at a discount to discretionary peers despite consistent execution.
Stock Market Live: Jefferies Estimates 6% Power Demand CAGR Through FY30
Jefferies expects India's power demand to continue expanding over the next five years, supporting investment across the generation sector.
The brokerage estimates power demand will grow at a CAGR of 6% between FY26 and FY30E.
It expects private sector generation to grow faster, at 9%, as companies add renewable energy capacity.
Stock Market Live: Kaynes Signs Computing MoU With BOSGAME
Kaynes signed an MoU with BOSGAME to build a computing presence in India.
BOSGAME focuses on intelligent computing products, including mini PCs and laptop product lines.
Stock Market Live: Private Sector Set To Drive India's Power Capacity Growth
Jefferies expects private companies to lead India's next phase of power capacity expansion.
The brokerage estimates that 63% of incremental power capacity additions between FY26 and FY30E will come from private companies, with renewable energy expected to account for much of the growth.
Jefferies expects private sector generation to increase 9% over the period.
Stock Market Live: JSW Cement Gets Rs 81.03 Crore GST Notice
The Guntur tax office issued a GST show-cause notice to JSW Cement proposing a demand of Rs 81.03 crore, along with interest and penalty.
The notice was issued on Aug. 20, 2026.
Stock Market Live: DCW Restores Dhrangadhra Plant To Full Capacity
DCW restored operations at its Dhrangadhra plant to 100% capacity after flood-related disruption.
The company estimated damage at Rs 10 crore and lodged an insurance claim for about Rs 10 crore. It estimated the impact on production and profitability at Rs 9.1 crore.
Stock Market Live: East Region Accounts For Most Cement Price Weakness
Kotak Securities said recent softness in cement prices has remained concentrated in select regions rather than spreading across the country.
The brokerage said the East has accounted for much of the weakness, while pricing has held up across most other regions.
It added that the price decline has been lower than the trend seen in the previous year.
Stock Market Live: Cement Margin Pressure May Peak In Q2
Kotak Securities expects pressure on cement sector margins to peak in Q2 before conditions improve thereafter.
The brokerage said cement demand growth remains robust even as channel checks point to marginal price declines in select markets.
Kotak continues to maintain a cautious view on the sector because of demanding valuations.
Stock Market Live: Vimta Labs Detects Cybersecurity Incident
- Vimta Labs detected a cybersecurity incident affecting part of its IT infrastructure.
- The company said its operations and customer services remain fully functional.
Stock Market Live: Aurobindo Pharma USFDA Inspection Ends With One Observation
The USFDA concluded an inspection at Aurobindo Pharma’s AuroPeptides facility with one observation related to facility and equipment maintenance.
The company said the inspection did not identify data-integrity or GMP compliance concerns.
Stock Market Live: India Hospital Business Drives Narayana Hrudayalaya Outlook
Kotak Securities said Narayana Hrudayalaya's core India hospital business continues to support its growth outlook.
The brokerage highlighted 39% YoY Ebitda growth in the India hospital segment and said the business trades at attractive valuations.
Kotak upgraded the stock to Buy from Add and raised its target price to Rs 2,350 from Rs 2,220.
Stock Market Live: Natco Pharma Gets Four USFDA Observations
The USFDA concluded an inspection of Natco Pharma’s finished dosage formulation facility in Visakhapatnam with four observations.
The observations were issued at the end of the inspection.
Stock Market Live: Narayana Hrudayalaya Sees Cayman Insurance Turning Point
Kotak Securities expects Narayana Hrudayalaya's Cayman insurance business to move towards Ebitda breakeven by the end of FY28.
The brokerage said high acceptance of recent price hikes should help losses decline at a faster pace.
Kotak also expects losses in the company's Indian integrated care business to gradually reduce.
Stock Market Live: Caplin Point Lab Receives 10 USFDA Observations
The USFDA inspection of Caplin Steriles’ Gummidipoondi facility concluded with 10 Form 483 observations.
The inspection ended on Aug. 21, 2026.
Stock Market Live: Jubilant Pharmova Gets USFDA Approval For Line 3 Product
Jubilant Pharmova received USFDA approval for commercial batch manufacturing of the first product on Line 3 at Jubilant HollisterStier’s contract manufacturing facility in the US.
The approval clears the product for commercial batch manufacturing at the facility.
Stock Market Live: Vishal Mega Mart Trades Below Discretionary Peers
Morgan Stanley said Vishal Mega Mart's valuation remains lower than discretionary peers despite what it described as consistent execution.
The brokerage maintained its Overweight rating and target price of Rs 146 after the company reappointed its managing director and chief executive officer for five years.
Morgan Stanley said the decision could reduce concerns around management succession, which has weighed on investor sentiment.
Stock Market Live: Paradeep Phosphates Faces Rs 93.59 Crore Customs Penalties
Goa Customs issued adjudication orders involving the confiscation of seven urea consignments and penalties of Rs 93.59 crore on Paradeep Phosphates.
The orders were issued on Aug. 20, 2026.
Stock Market Live: Apollo Tyres Earnings Recovery Seen After Q2 Pressure
UBS expects Apollo Tyres to face further pressure in Q2FY27 before a recovery in earnings gathers pace.
The brokerage said higher natural rubber prices could weigh on the near-term performance of the tyre maker.
UBS expects a meaningful improvement in earnings thereafter and projects Ebitda to increase 21% YoY in FY28.
Stock Market Live: Dixon May See 14–22 Bps Margin Uplift From New Scheme
Kotak Securities' scenario analysis suggests the proposed mobile phone manufacturing scheme could support Dixon Technologies' operating profitability.
The brokerage estimates a potential Ebitda margin uplift of 14–22 basis points for Dixon under the Mobile Phone Manufacturing Scheme.
The framework focuses on scaling manufacturing and localisation while also seeking to support Indian smartphone brands.
Stock Market Live: Edelweiss Life Barred From Opening New Branches For Six Months
IRDAI directed Edelweiss Life Insurance not to open new places of business for six months due to non-compliance with regulations governing expenses of management.
Edelweiss Financial Services said IRDAI had issued a warning to its subsidiary over FY25 regulatory non-compliance and that the action would have no material financial or operational impact.
Stock Market Live: Mobile Phone Exports Key To New Manufacturing Targets
Kotak Securities said mobile phone manufacturers may need stronger export growth to meet the targets under the proposed manufacturing incentive framework.
The brokerage said India's domestic smartphone sales have remained flat, making exports critical for companies seeking to consistently exceed the growth thresholds under Target Scheme 1.
Kotak said India's mobile phone production growth has largely been driven by exports.
Stock Market Live: ICICI Prudential Faces Rs 365 Crore Tax Demand
ICICI Prudential received an order upholding a tax demand of Rs 365 crore.
The company said it will file an appeal against the order before the appropriate appellate authority.
Stock Market Live: Adani Energy And JSW Energy Named Top Power Picks
Jefferies named Adani Energy and JSW Energy as its preferred private-sector plays in India's expanding power market.
The brokerage expects private companies to account for a larger share of incremental capacity additions and deliver faster earnings growth than public sector peers over the coming years.
Jefferies estimates that 63% of India's incremental power capacity addition over FY26–FY30E will come from the private sector, with renewable energy expected to drive much of the expansion.
Stock Market Live: Tega Industries Approves Rs 95.4 Crore Preferential Issue
Tega Industries’ board approved a preferential issue of shares worth Rs 95.4 crore to AP Jupiter Holdings, an Apollo Global entity.
The company will issue shares at Rs 1,994 each, representing a 14% premium to the current market price.
Stock Market Live: Jefferies Prefers Private Power Companies Over PSUs
Jefferies expects private power companies to outpace public sector peers as renewable capacity drives the next phase of India's power expansion.
Jefferies
• Expects the private sector to report a higher earnings CAGR than PSUs over the next decade.
• Estimates 63% of India's incremental power capacity addition over FY26–FY30E will come from the private sector.
• Expects the capacity addition to be largely renewable energy-driven.
• Estimates power demand CAGR of 6% over FY26–FY30E.
• Expects private sector generation to rise 9%.
• Remains constructive on the sector.
• Names Adani Energy and JSW Energy as its top private-sector picks.
Stock Market Live: Sigachi Industries Approves Rs 290.4 Crore Fund Raise
Sigachi Industries’ board approved a Rs 290.4 crore fund raise through the issue of 11 crore warrants to promoters and other investors.
The warrants will be issued at Rs 26.4 each, representing a 12.3% discount to the current market price.
Stock Market Live: Bank Of Baroda Raises $400 Million Through Senior Notes
Bank of Baroda raised an additional US$400 million through five-year senior unsecured fixed-rate notes under its medium-term note programme.
The notes were priced at a yield of 5.389% and carry a coupon of 5.318%.
Stock Market Live: Cement Prices Hold Up Across Most Regions
Kotak Securities said cement pricing has remained relatively stable across most regions despite marginal price declines in some markets.
Kotak Securities
• Channel checks suggest cement prices have softened marginally.
• The decline has been lower than prior-year trends.
• Price weakness has largely remained restricted to select regions, particularly the East.
• Cement demand growth has remained robust.
• Expects margin pressures to peak in Q2 before improving thereafter.
• Maintains a cautious view on the sector because of demanding valuations.
Stock Market Live: Dixon Seen Gaining From Mobile Manufacturing Scheme
Kotak Securities said the proposed mobile phone manufacturing scheme could support Dixon through a potential margin improvement.
Kotak Securities
• Said the scheme introduces a two-track framework.
• Target Scheme 1 focuses on scaling manufacturing and localisation through a 15% moving baseline revenue target.
• Target Scheme 2 aims to foster Indian smartphone brands.
• Said exports will be critical for consistently exceeding Scheme 1 growth hurdles.
• Said mobile production growth has been predominantly export-led.
• Scenario analysis suggests a 14-22 basis point Ebitda margin uplift for Dixon.
Stock Market Live: Federal Bank Approves Up To $500 Million Bond Issue
Federal Bank’s board approved raising up to US$500 million through foreign currency bonds via its GIFT City International Banking Unit.
The bonds can have a tenor of up to five years.
Stock Market Live: Dixon Seen Gaining From Mobile Manufacturing Scheme
Kotak Securities said the proposed mobile phone manufacturing scheme could support Dixon Technologies through higher production and localisation.
Kotak Securities said the scheme introduces a two-track framework.
• Target Scheme 1 focuses on scaling manufacturing and localisation through a 15% moving baseline revenue target.
• Target Scheme 2 aims to foster Indian smartphone brands.
• Kotak said exports will be critical for brands to consistently exceed the growth hurdles under Target Scheme 1, given flat domestic smartphone sales in India.
• It said mobile production growth has been predominantly export-led.
• Kotak's scenario analysis suggests a 14–22 bps Ebitda margin uplift for Dixon from the mobile phone manufacturing scheme.
Stock Market Live: Axis Bank Allots $300 Million Senior Notes
Axis Bank allotted US$300 million of senior notes under its US$5 billion global medium-term note programme.
The notes carry a coupon of 5.179% and will be listed on the India INX and NSE IFSC debt markets.
Stock Market Live: Narayana Hrudayalaya Upgraded To Buy By Kotak
Kotak Securities upgraded Narayana Hrudayalaya after highlighting improving prospects across its insurance operations and continued growth in the India hospital business.
Kotak Securities
• Upgraded to Buy from Add.
• Raised target price to Rs 2,350 from Rs 2,220.
• Said concerns around Indian insurance are overdone.
• Expects losses in Indian integrated care to gradually reduce.
• Said the Cayman insurance outlook is improving.
• Expects Cayman insurance losses to decline faster following high acceptance of recent price hikes.
• Expects Cayman insurance to achieve Ebitda breakeven by the end of FY28.
• Said UK margins are poised to expand.
• Said the core India hospital segment continues to deliver with 39% YoY Ebitda growth.
• Said the India hospital business is trading at attractive valuations.
Stock Market Live: NTPC Green Secures 500 MW Capacity At Rs 6 Per Unit
NTPC Green secured 500 MW of contracted capacity at a discovered tariff of Rs 6 per kWh.
The award adds contracted renewable capacity to the company’s portfolio.
Stock Market Live: Vishal Mega Mart CEO Reappointment Eases Succession Concerns
Morgan Stanley said the reappointment of Vishal Mega Mart's managing director and chief executive officer for five years could address concerns around management succession.
Morgan Stanley
• Maintains Overweight.
• Target price: Rs 146.
• Said uncertainty around management succession has been a key overhang.
• Said the five-year reappointment could help allay market concerns to some extent.
• The stock has declined 14% in the past three months.
• Morgan Stanley said the stock trades at a relatively cheap valuation compared with discretionary peers despite consistent execution.
Stock Market Live: Zee Allots Rs 660 Crore Promoter Warrants
Zee Entertainment allotted 20.9 crore fully convertible warrants to its promoter group at Rs 126 each.
The company received 25% of the total Rs 660 crore upfront. The warrants can be converted into shares within 18 months, and the promoter group’s stake will increase to 17.9% after conversion.
Stock Market Live: Apollo Tyres Upgraded To Buy By UBS
UBS turned constructive on Apollo Tyres, citing an improving outlook for its India operations and a potential recovery in earnings.
UBS
• Upgraded to Buy from Neutral.
• Raised target price to Rs 590 from Rs 580.
• Said India operations are nearing an inflection point.
• Expects a better outlook for Europe.
• Said the stock continues to trade at a valuation discount to peers.
• Said management is taking concrete steps to strengthen the India business.
• Expects Q2FY27 to face further pressure as natural rubber prices increased.
• Expects a meaningful improvement in earnings thereafter.
• Projects Ebitda to rise 21% YoY in FY28.
• Said the market may be underestimating Apollo Tyres' medium-term earnings recovery potential.
Stock Market Live: Power Grid Wins Gujarat Renewable Transmission Project
Power Grid Corporation of India emerged as the successful bidder for a Gujarat renewable energy transmission project, adding a new transmission project to its portfolio.
The company received a letter of intent for the BOOT project under tariff-based competitive bidding, with a discovered tariff of Rs 822.91 crore per annum.
Stock Market Live: Meesho, Lenskart Lead FTSE Review Inflows
FTSE’s confirmed quarterly review changes will take effect on September 21, with adjustments scheduled for September 18, according to JPMorgan.
Meesho could receive inflows of $75.9 million, followed by Lenskart at $71.1 million, Infosys at $57.4 million, Groww at $56.2 million and Bharti Airtel at $55.2 million.
Stock Market Live: Iran Warns Non-Compliant Vessels Of Hormuz Transit Curbs
The Persian Gulf Strait Authority said vessels that breach Iranian transit rules could face fines, detention or confiscation during future passages through the Strait of Hormuz.
It added that vessels cooperating with ships on its Non-Compliant Vessels list would also be added to the list.
Stock Market Live: US Plans Economic Offensive Against Iran
The US plans to use government agencies and legal powers to cut Iran’s economic links, according to a statement that described the action as an “economic D-Day”.
The statement also claimed that US forces had damaged Iran’s military factories and nuclear programme.
Stock Market Live: Iran Panel Approves Draft Hormuz Service Fee Law
Iran’s parliamentary National Security and Foreign Policy Commission approved a provision to levy service fees on ships permitted to pass through the Strait of Hormuz, Al Jazeera reported.
The proposed fees cover maritime, environmental, fuelling, insurance and safety services. Payments would be collected in Iranian rials or another currency designated by Tehran.
Stock Market Live: Brent Crude Falls 1% To $93.45 A Barrel
Brent crude declined 1% to $93.45 a barrel. The oil benchmark remains more than 50% higher this year following supply disruptions caused by the US-Iran war.
Stock Market Live: Nifty 50, Sensex End Week 0.7% Lower
The Nifty 50 gained 20.15 points, or 0.08%, to close at 24,252 on Friday. The Sensex rose 3.11 points to finish at 77,540.83.
Both benchmarks declined 0.7% over the week.
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