Markets Eye Positive Start on US-India Trade Hopes
- GIFT Nifty up 37 pts, upbeat global cues and Trump’s remarks on India-US trade boost sentiment.
- Wall Street closed at record highs, Asian markets trade higher despite weak China inflation data.
- Bajaj Auto, Eicher, Sun Pharma, Tata Motors, ICICI Pru Life, Blue Jet, HEG, Sterling & Wilson, BEL.
Indian stock markets are likely to start the day on a positive note, supported by strong global cues and positive remarks from US President Donald Trump on India-US trade ties.
Trump, in a post on Truth Social, said that both nations are continuing negotiations to resolve trade barriers. He added that he looks forward to speaking with Prime Minister Narendra Modi in the coming weeks and was confident of a successful conclusion. His statement lifted market sentiment across Asia.
At 7:10 AM, GIFT Nifty futures were trading 37 points higher at 24,987, hinting at a firm opening for domestic benchmarks.
Across Asia, investors were also assessing China’s August inflation data. Consumer prices fell 0.4% year-on-year, sharper than the expected 0.2% decline, while producer prices dropped 2.9%, in line with estimates. Despite this, Asian stocks traded higher. The Nikkei gained 0.36%, Topix added 0.22%, Kospi jumped 1.24%, and Australia’s ASX 200 inched up 0.1%.
Overnight in the US, Wall Street ended at record highs as investors shrugged off weak jobs data and bet on rate cuts. The S&P 500 rose 0.27% to 6,512.61, the Nasdaq climbed 0.37% to 21,879.49 after touching a fresh intraday peak, and the Dow Jones added 196 points, or 0.43%, to close at 45,711.34.
Key Stocks in Focus
ICICI Prudential Life Insurance: The board will meet on September 12 to consider raising funds through non-convertible debentures (NCDs) via private placement.
Sun Pharma: The US drug regulator has classified its Halol plant as 'Official Action Indicated'. The facility remains under an import alert until it fully complies with good manufacturing practices.
Bajaj Auto: The company will fully pass on GST cut benefits. Prices will be reduced by up to Rs 20,000 on bikes and Rs 24,000 on three-wheelers from September 22.
Eicher Motors (Royal Enfield): The company will also extend full GST cut benefits across motorcycles, services, apparel, and accessories from September 22.
Tata Motors: The automaker has signed a pact with Tata Power Renewable Energy to acquire 26% stakes in two special purpose vehicles, TP Paarthav and TP Marigold.
HEG: Its associate Bhilwara Energy has acquired Statkraft’s 49% stake in Malana Power Company, becoming the sole owner of the 86 MW Malana and 192 MW Allain Duhangan hydropower plants.
Also Read: Stocks That Could Steal the Show
Blue Jet Healthcare: Promoter Akshay Bansarilal Arora will sell up to 1.19 crore shares (6.83% stake), including a greenshoe option, via an OFS on September 10-11. The floor price is set at Rs 675 per share.
Sterling & Wilson Renewable Energy: The company received a letter of intent worth Rs 415 crore for a solar project in Rajasthan, including operations and maintenance.
Thermax: The firm will invest Rs 115 crore in its subsidiary First Energy for further infusion into FE10.
Mamata Machinery: Won its third consecutive order from a UAE client for a 9-layer blown film plant worth $1.17 million, to be delivered in Q4FY26.
Bikaji Foods: Clarified that its ED summon is linked only to sponsorship of the Rajasthan Premier League, with all payments duly recorded.
Bharat Electronics (BEL): The company will pay a final dividend of Rs 0.90 per share on September 23.
