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India Market Recap

Indian equity benchmarks ended marginally higher on Wednesday after the Reserve Bank of India's Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 5.25%. While the policy decision was largely in line with expectations, the RBI highlighted risks arising from volatile crude oil prices and ongoing geopolitical tensions in the Middle East, prompting investors to turn cautious after an upbeat start to the session. The NSE Nifty 50 gained 9.75 points, or 0.04%, to close at 24,624.65, while the BSE Sensex advanced 152.05 points, or 0.19%, to settle at 78,581.00. On the technical front, Nifty support is placed in the 24,400–24,500 range, while resistance is seen between 24,700 and 24,800.

US Market Recap

Wall Street extended its rally on Wednesday, with the S&P 500 and the Dow Jones Industrial Average touching fresh record highs at the opening bell, while the Nasdaq Composite continued to outperform despite weakness in semiconductor stocks. Investor sentiment improved after US Treasury Secretary Scott Bessent indicated that negotiations involving the United States, Iran and Oman had made progress towards restoring shipping through the Strait of Hormuz. Hopes of easing geopolitical tensions and improving energy supply conditions supported broader market optimism even as chip stocks remained under pressure.

Asian Market Update:

Asian markets traded mixed on Thursday as investors assessed progress in negotiations over the Strait of Hormuz and took cues from an uneven session on Wall Street. South Korea's Kospi declined 2.05%, while Japan's Nikkei 225 fell 1.46%. In contrast, Australia's S&P/ASX 200 gained 0.64%, supported by strength in domestic sectors. Investors continued to monitor geopolitical developments and their potential impact on global trade and energy markets.

Commodity Check

Crude oil prices remained near their lowest levels in several weeks after Iran indicated it had reached an agreement with Oman on a proposed shipping corridor through the Strait of Hormuz, raising hopes that energy flows could gradually normalise. Brent crude traded near $79 per barrel, while US West Texas Intermediate (WTI) hovered around $75 per barrel, after both benchmarks had fallen around 11% over the first three trading sessions of the week. The proposed arrangement, which could remain in place for two to four months, is viewed as a positive step towards easing supply concerns, although it does not represent a full reopening of the strategic waterway. Investors will continue to watch developments closely as geopolitical risks remain elevated.

Stocks In News

Godrej Agrovet: Appointed Ravishankar A. as CFO from October 1, 2026. He will serve as CFO-designate from September 21, succeeding S. Varadaraj, who retires on September 30.
Samvardhana Motherson: Incorporated Samvardhanan Motherson Adsys Tech Holland B.V. in the Netherlands as an indirect wholly owned subsidiary for its international aerospace business.
Gland Pharma: Entered a long-term strategic partnership with Neuland Laboratories to establish a sterile API manufacturing suite at Visakhapatnam.
Navin Fluorine: Approved Rs. 90 crore capex for advanced materials scale-up capacity at its Surat unit.
CRISIL: Completed the amalgamation of Crisil Canada Inc. and Crisil PriceMetrix Inc.
Neuland Laboratories: Approved Rs. 39.8 crore capex for capacity expansion and a Rs. 40 crore corporate guarantee for Gland Pharma.
Adani Enterprises: Airport arm AAHL incorporated AAHL Global IFSC Ltd. for treasury and finance operations.
Cantabil Retail: Re-appointed Vijay Bansal as Chairman and Managing Director for five years.
Hinduja Global Solutions: Subsidiary IMCL received a Rs. 76.5 crore service tax demand and plans to challenge it.
CESC: Allotted Rs. 250 crore of secured non-convertible debentures to Axis Bank.
JK Lakshmi Cement: Approved up to Rs. 20.5 crore investment in a solar SPV and Rs. 3,325 crore expansion at Durg.
Fortis Healthcare: Agilus Diagnostics approved the merger of two wholly owned subsidiaries into itself.
Brigade Hotel Ventures: Appointed Vinay Gupta as CEO from August 17.
Shree Renuka Sugars: Appointed Vipin Kumar Rathi as Whole-time Director and re-appointed Ravi Gupta as Executive Director.
Paradeep Phosphates: Approved incorporation of a Section 8 subsidiary focused on fertilizer research and innovation.
Lemon Tree Hotels: Signed a franchise agreement for Keys Lite by Lemon Tree Hotels, Manali.
Waaree Renewable Technologies: Secured a 210 MWp EPC order with two years of operations and maintenance.
Cohance Lifesciences: USFDA inspection concluded with five Form 483 observations.
ACC: Received a SEBI administrative warning over an SDD compliance lapse.
Infosys: Expanded its multi-year AI-led IT transformation partnership with Metsä Group.
Wipro: Launched Enterprise Resilience as a Service with Rubrik.
Bikaji Foods: Approved investment in a Nepal joint venture and incorporation of a wholly owned subsidiary in Abu Dhabi.
United Spirits: Received an FSSAI order restricting sales of certain whisky products from its Madhya Pradesh unit.
RMC Switchgears: Secured orders worth Rs. 344.1 crore.
Sterlite Technologies: Won a $210 million long-term optical fibre cable supply agreement for 2027–2029.
Chalet Hotels: Added 381 ATHIVA-branded hotel keys to its pipeline in Hyderabad and Pune.
Pearl Global Industries: Appointed Major General Sandeep Vohra (Retd.) as Whole-time Director and recommended a 1:1 bonus issue.
Allcargo Logistics: Shashi Kiran Shetty resigned as Chairman. Dinesh Kumar Lal was appointed Chairman.
Gallantt Ispat: Declared preferred bidder for the Dongrital-II coal block in Madhya Pradesh.
Aurobindo Pharma: Approved the merger of Eugia group subsidiaries to simplify the group structure.
Oil India: Supreme Court disposed of the Assam land tax case after the state agreed to withdraw the levy. The company must deposit GST on royalty within six weeks.
Aster DM Quality Care: Approved acquisition of additional equity worth Rs. 40 crore in United CIIGMA Institute of Medical Sciences.
Kirloskar Ferrous Industries: Shareholders approved raising up to Rs. 1,000 crore through NCDs and approved board appointments.
SIS: Approved a buyback of up to 22.15 lakh shares worth up to Rs. 106 crore through the open market route.
Arvind: Closed its QIP, raising about Rs. 500 crore.
MPS: Issued an addendum to the unsecured creditors' meeting notice for its proposed merger with ADI BPO Services.