Global Markets Mixed Ahead of Fed Rate Decision
- Nifty50 set for a firm start after hitting two-month highs, boosted by easing India-US trade tension talks.
- Urban Company IPO to debut strong; Apollo Tyres named new Team India sponsor.
- BEL, Amber Enterprises, and Coal India announce major deals, keeping stocks in focus.
Indian equities are set for a steady start on Wednesday as bulls aim to extend their positive momentum. The move comes after benchmark indices touched two-month highs in the previous session.
At 7:50 AM, GIFT Nifty was trading 57 points higher at 25,388, hinting at a firm opening for Nifty50. The upbeat mood followed a phone call between the Indian Prime Minister and the US President that sought to ease trade tensions.
However, global cues were mixed. Asian markets slipped from record levels ahead of the US Federal Reserve’s key rate decision due later today. Japan’s Nikkei gained 0.2 per cent, while South Korea’s Kospi fell 1.2 per cent. Overnight in the US, Wall Street indices ended lower as investors awaited a possible rate cut. The S&P 500 slipped 0.13 per cent, and the Nasdaq closed 0.07 per cent lower.
Back home, Indian benchmarks closed strong on Tuesday. The BSE Sensex surged 594.95 points, or 0.73 per cent, to settle at 82,380.69, while the Nifty50 rose 169.90 points, or 0.68 per cent, to end at 25,239.10 their highest levels since July.
With markets eyeing another active session, here are some stocks likely to be in focus today:
Urban Company, Dev Accelerator, and Shringar House of Mangalsutra will debut on the stock exchanges today. Urban Company is expected to make a strong entry, with grey-market signals pointing to nearly a 50 per cent premium.
Akzo Nobel India: The Competition Commission of India (CCI) has approved JSW Paints’ plan to buy up to 75 per cent in Akzo Nobel India. The deal is set to make JSW Paints the fourth-largest player in India’s competitive paints sector.
Bharat Electronics (BEL): The defence PSU continues its winning streak, having secured fresh orders worth Rs 712 crore since September 1. These projects include IT infrastructure, cybersecurity, blockchain solutions, communication systems, and ESM technologies.
Amber Enterprises: The board has approved the launch of a qualified institutional placement (QIP) issue. The floor price has been fixed at Rs 7,790.88 per share. The move is aimed at raising funds to strengthen its operations and growth plans.
Apollo Tyres: The company has become the new principal sponsor of Team India after Dream11 stepped down. The sponsorship deal will run for two-and-a-half years, ending in March 2028. Media reports suggest Apollo Tyres placed a winning bid of Rs 579 crore.
PNC Infratech: The company has received CCI approval to acquire debt-ridden Jaiprakash Associates Limited (JAL). PNC will take over at least 95 per cent and up to 100 per cent of JAL, either directly or through a wholly owned special purpose vehicle.
One Mobikwik Systems: The digital payments firm reported a fraud incident involving collusion by certain merchants and users in Haryana. The irregular settlements caused a financial impact of nearly Rs 26 crore, the company said.
Coal India: The mining major has been named the preferred bidder for the Ontillu-Chandragiri Rare Earth Element (REE) exploration block by the Ministry of Mines. The license deed is expected to be executed within one year of the Letter of Intent.
Dr. Reddy’s Laboratories: The pharma company launched Tegoprazan (50 mg) in India. The new drug, a potassium-competitive acid blocker, will be used to treat acid peptic disorders such as GERD and gastric ulcers.
Lupin: The US FDA recently inspected Lupin’s injectable plant in Nagpur between September 8 and 16. The inspection ended with six observations. The company said it will respond promptly and remains committed to regulatory compliance.
Avantel: The company announced it has bagged a Rs 9.92 crore order from Garden Reach Shipbuilders. The contract involves supplying Satcom products, with delivery scheduled between March 15 and June 15, 2026.
With a mix of fresh deals, regulatory approvals, new listings, and corporate updates, Wednesday’s session promises another day of active stock market action.
