Stock Market Live: GIFT Nifty Indicates Muted Open, Asian Stocks Set For Gains

Tata Motors Ltd., Lupin Ltd., Coforge Ltd., Pidilite Ltd., Vishal Mega Mart Ltd., Marico Ltd., and Unite Spirits 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. Read the full story below for key analyst calls to watch for today.

Gold prices today were trading at a new high of levels above the Rs 1,16,000 mark, driven by festive demand and safe-haven demand. In India, the prices surged to Rs 116,410 per 10 gm, according to the India Bullion Co. The price surged by Rs 1,470 compared to Rs 1,14,940 on Monday.

The previous high that the yellow metal hit was on Sept. 23, when the price rose to Rs 1,14,360. Gold had crossed the Rs 1,10,000 mark on Sept. 15, and the possible rate cut from the Fed had drove the rally.

Chinese stocks are set for their best run of monthly gains since 2018, driven by optimism over artificial intelligence, easing geopolitical tensions, and expectations of policy support, according to Bloomberg.

The MSCI China Index has advanced about 8% in September, marking its fifth straight month of advance. Since bottoming out in April, the benchmark has rallied nearly 40%, outpacing the rebound in the S&P 500 and MSCI Asia following the tariff-driven selloff.

US stocks started the week on a positive note, registering gains even despite concerns around new tariffs, the potential for a government shutdown and looming key economic data.

The S&P 500 Index closed 0.3% higher, led by the consumer discretionary and tech sectors. Energy was the worst-performing of 11 market sectors as crude prices declined in anticipation of another production hike by OPEC+ in November, exacerbating concern about a glut. Robinhood Markets Inc. led gains in the index on expectations for strong event contract volumes. 

The tech-heavy Nasdaq 100 gained 0.4%, while the Dow Jones Industrial Average rose 0.2%.

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The GIFT Nifty was trading near 25,000 early Tuesday. The futures contract based on the benchmark Nifty 50 was trading 0.05% higher at 24,700 as of 6:32 a.m. indicating a stable start for the Indian markets.

On Friday, the benchmark indices saw a volatile session and ended in the red after opening higher. Nifty ended 0.08% lower at 24634.90 while Sensex ended 0.08% lower at 80364.94.