Key Stocks in Focus as Global Weakness Weighs
- Asian markets and Wall Street fell, GIFT Nifty indicates a soft start.
- GST Council meet today; Sensex and Nifty ended lower on Monday.
- TCS, JSW Cement, Adani Power, PNC Infratech, YES Bank, BHEL, Cupid among key movers.
Domestic equity markets are expected to begin Wednesday’s session on a weak note, tracking losses in global markets. At 7:55 AM, GIFT Nifty was down 61 points at 24,630, indicating a soft start for Nifty50.
Across Asia, most stock markets traded lower, mirroring overnight weakness on Wall Street where both stocks and bonds fell. The MSCI Asia Pacific index slipped 0.38 percent, dragged by Australia’s S&P ASX 200 (down 0.9 percent) and Japan’s Nikkei (down 0.4 percent). China, however, bucked the trend with a positive start as Beijing held its first military parade since 2019, showcasing the country’s defence strength.
In the US, stocks fell on Tuesday, the first trading day of September, amid a sell-off in bonds and technology counters. The S&P 500 lost 0.69 percent while the Nasdaq declined 0.82 per ent.
Back home, the benchmark indices ended lower on Monday. The BSE Sensex slipped 206.61 points, or 0.26 percent, to close at 80,157.88, while the Nifty50 fell 45.45 points, or 0.18 percent, to 24,579.60. Investors will keep a close eye on the GST Council’s two-day meeting starting today, where key reforms will be discussed.
Meanwhile, several companies are in focus today:
Tata Consultancy Services (TCS): The IT services giant expanded its partnership with Scandinavian insurer Tryg through a seven-year deal worth 550 million euros. TCS will simplify and standardise operations across Denmark, Sweden, and Norway, supporting Tryg’s growth strategy in these markets.
JSW Cement: The newly-listed unit of JSW Group reported a consolidated loss of Rs 1,356.2 crore for the June 2025 quarter, against a loss of Rs 15.1 crore a year ago. Revenue from operations rose 7.8 percent year-on-year to Rs 1,559.8 crore.
Adani Power: The company secured approval from the Ministry of Coal to begin operations at the Dhirauli Mine in Madhya Pradesh. The mine has a peak production capacity of 6.5 million tonnes per annum, including 5 MTPA from open-cast mining.
PNC Infratech: The infrastructure company emerged as the lowest bidder for an Airports Authority of India project to develop Varanasi’s Lal Bahadur Shastri International Airport. The Rs 297 crore project involves runway extension, re-carpeting, strengthening, and allied works.
DCM Shriram & Aarti Industries: The two companies signed a long-term agreement for the supply of chlorine. DCM Shriram’s Chlor-Alkali plant will supply chlorine to Aarti Industries’ new facility in Jhagadia, Gujarat, through a dedicated underground pipeline.
Quadrant Future Tek: The company won a work order worth Rs 128 crore from RailTel Corporation of India. The project involves implementing the Kavach System on 607 RKM of low-density railway tracks in East Central Railway.
YES Bank: The Competition Commission of India approved Sumitomo Mitsui Banking Corporation’s (SMBC) proposed stake purchase in YES Bank from SBI and seven other lenders.
Bharat Heavy Electricals (BHEL): The company received a favourable order from the Commissioner, CGST (Appeals), Dehradun, setting aside a Rs 31.2 crore demand under the CGST Act. BHEL said the order, which pertains to FY19 and FY21, has no financial impact.
Cupid: The healthcare products company said its current B2B export order book stands at $11.5 million (over Rs 100 crore). It also expects fresh female condom orders worth Rs 40 crore from Brazil, after emerging as L1 bidder in a 6.25 million-piece tender. Additional orders are likely from Brazil and Tanzania in the second and third quarters of FY26.
With global cues weak and domestic events like the GST Council meeting lined up, markets are expected to stay volatile during the day.
