Stock Market News Live: GIFT Nifty Indicates Muted Start; Titan, Shringar House, Tata Motors In Focus

Petronet LNG stocks, Dabur India Ltd., Titan Co. Ltd., Canara Bank Ltd., PNB Ltd., Union Bank Ltd., Indraprastha Gas Ltd., and Lodha Developers Ltd., are among the companies garnering brokerage commentary today.

Analysts have shared their insights and, in several cases, revised their target prices based on their updated fundamental outlooks for these firms. Here are the key analyst calls to watch out for today:

Asian equities posted a modest drop at the open after Wall Street’s pullback from record highs sparked caution among investors. MSCI’s regional stock gauge dropped 0.2% with technology shares among the losers. An index of US-listed Chinese shares fell the most since the end of August ahead of Hong Kong’s return from a holiday, Bloomberg reported.

Chinese and South Korean markets are closed today.

• Nikkei up 0.3%

• S&P/ASX 200 down 0.3%

US stocks ended their longest winning streak since May on Tuesday, spurred by a rotation out of big tech shares.

The S&P 500 fell 0.4%, interrupting seven consecutive sessions of gains.

The Nasdaq 100 declined roughly 0.6% and the Dow Jones Industrial Average slipped 0.2%.

Gold futures spiked to a new record high, touching $4,000 per ounce, driven by factors like safe-haven demand due to the ongoing political upheaval and economic uncertainty. The prices were further pushed higher by the hopes for more US interest rate cuts.

Gold prices in India today were trading at levels above the Rs 1,21,000 mark, amid the festive season. Gold price today stands at Rs 1,21,180 according to the India Bullion Co.

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The GIFT Nifty was trading flat but marginally lower near 25,200 on Wednesday morning. The futures contract based on the benchmark Nifty 50 was trading 0.04% lower at 25,213 as of 6:35 a.m., indicating a muted start for the Indian markets.

The benchmark indices of the NSE Nifty 50 and BSE Sensex on Tuesday exhibited gains for a fourth consecutive session, after which they closed flat. The Nifty 50 closed 0.12% higher at 25,108.30, while the Sensex closed 0.17% higher at 81,926.75.