GIFT Nifty Slips Slightly at Open
- GIFT Nifty down 4 points; Asia trades mixed while Wall Street stayed shut for Labour Day.
- Prices crossed 3,500 dollars, extending a six-day winning streak.
- Ceat’s global acquisition, BEL’s fresh Rs 644 crore orders, and expansions by United Breweries, IGL, NMDC, and Websol to drive focus.
Domestic equity markets are expected to open on a cautious note on Tuesday as traders weigh the benefits of strong economic growth against the uncertainties of global trade jitters.
The early indicator of Nifty50 performance GIFT NIFTY, was down 4 points at 24,744 as of 7:50 AM.
Asian stock markets were mixed in early trading. Benchmarks in Japan and South Korea managed to recover from Monday’s losses, while the MSCI AC Asia Pacific index rose 0.26 percent.
On Wall Street, markets remained closed on Monday for Labour Day. However, investors in the United States will soon face a busy month with critical job data, inflation numbers, and the Federal Reserve’s rate decisions lined up.
Meanwhile, gold prices touched a record high, crossing the 3,500 dollars mark. The precious metal extended gains for a sixth consecutive session, its longest winning streak since April 2024.
Back home, markets had ended on a positive note on Monday. The BSE Sensex closed 554.84 points, or 0.70 percent higher, at 80,364.49. Similarly, the Nifty50 advanced 198.20 points, or 0.81 percent, to finish at 24,625.05.
For Tuesday’s session, investors are expected to keep an eye on several stocks due to fresh corporate developments.
Ceat: The tyre manufacturer announced the acquisition of Michelin Group’s CAMSO Construction Compact Line business. The deal includes CAMSO’s Midigama and Kotugoda plants in Sri Lanka. With this, Ceat will gain global ownership of the CAMSO brand permanently after a three-year licensing period. This acquisition marks a major step in Ceat’s global Off-Highway Tyres growth strategy.
Bharat Electronics (BEL): The defence-focused Navratna PSU said it has won additional orders worth Rs 644 crore since its last disclosure on July 30, 2025. These orders include supplies for fire control systems, navigation systems, communication equipment, seekers, jammers, simulators, and electronic voting machines.
United Breweries: The company has started production of its flagship Kingfisher beer at the newly leased Ilios Brewery in East Godavari, Andhra Pradesh. This facility adds 4.5 lakh cases of monthly capacity, boosting the existing 12 lakh case capacity at its Srikakulam unit.
UPL: UPL Global Ltd. (UK), a step-down subsidiary of UPL, has signed a share subscription agreement to acquire a 49 percent stake in Thailand-based Grow Chemical Co. Ltd.
Indraprastha Gas (IGL): The company signed a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUNL) to establish a solar power project in Rajasthan. IGL will hold a 74 percent stake, while RVUNL will have 26 percent. The board will include six members, with four from IGL and two from RVUNL.
NMDC: The state-run miner reported iron ore production of 3.37 million tonnes (MT) and sales of 3.39 MT in August 2025, higher than last year’s 3.07 MT and 3.14 MT respectively. For April to August 2025, cumulative production reached 18.45 MT, while sales stood at 18.37 MT. Both figures were above last year’s performance.
BLS International: Its subsidiary, BLS International FZE, has fully subscribed to the share capital of Consular Outsourcing Services Kenya Limited. This move makes the Kenyan firm a wholly owned step-down subsidiary of the company.
HFCL: The company signed an agreement with Trinity Tech Solutions to sell its 15.19 percent stake in Nivetti Systems Pvt. Ltd. The stake, which includes 2,17,594 equity shares, will be sold in tranches for Rs 52.51 crore.
NTPC Green Energy: The company informed the exchange that 25 Megawatt (MW) of its 150 MW solar project at Bhuj, Gujarat, will start commercial operations from September 3, 2025. The project is being implemented under Ayana Renewable Power Four Pvt. Ltd., a subsidiary of ONGC NTPC Green Pvt. Ltd.
Websol Energy System: The company’s board has approved a phased expansion of its manufacturing capacity. It plans to add 4 Gigawatts (GW) of solar cells and 4 GW of solar modules through a wholly owned subsidiary. The expansion will involve a total investment of about Rs 3,000 crore.
With global cues mixed and domestic corporate activity strong, today’s market session is expected to see selective action in these stocks.
