Nifty 50 opened at 24,371.50, up 8.20 points (+0.03%). Bank Nifty opened at 54,999.35, down 5.55 points (-0.01%). Sensex opened at 79,885.36, up 27.57 points (+0.03%). GIFT Nifty is currently trading at 24,434.
Global index as on 11 August 2025:
Dow 30 rose 206.97 points (+0.47%) to 44,175.60. S&P 500 gained 49.45 points (+0.78%) to 6,389.45. NASDAQ advanced 207.32 points (+0.98%) to 21,450.00. FTSE 100 slipped 5.04 points (-0.06%) to 9,095.73. DAX fell 29.64 points (-0.12%) to 24,162.90. Nikkei 225 surged 761.33 points (+1.85%) to 41,820.50.
Commodities Update:
- Gold: Currently trading at Rs. 10,303 per gram.
- Silver: Down by Rs. 0.10, now at Rs. 116.90 per gram.
- Crude Oil: Prices have risen by 0.33%, reaching 65.965, compared to the previous close of 65.745.
Global events/updates:
- Ukrainian President Volodymyr Zelenskyy has stated that Ukraine will not give up any land for peace. He also added the decisions that exclude Ukraine are against peace.
- GIFT Nifty flat, signaling a muted start for Indian markets.
- US futures edge higher ahead of key inflation data.
- US markets ended higher Friday, with Nasdaq & S&P 500 hitting record highs.
- Nvidia & AMD to give 15% of China chip sales revenue to the US government.
- European markets mostly closed lower after reports of a US-Russia plan to end the Ukraine war.
Stocks to watch:
- Hitachi Energy: Received an order from the Joint Commissioner to recover an “erroneously sanctioned” GST export refund of ₹22.97 crore, along with a penalty of ₹2.30 crore.
- IDFC First Bank: Platinum Invictus secured RBI approval to invest up to 9.99% in the bank’s share capital, with an initial investment of around ₹2,624 crore for a 5.09% stake via a preferential issue.
- Adani Enterprises: Subsidiary Mundra Synergy has incorporated a wholly owned unit, UP Syn-Gas & Chemicals.
- Gokaldas Exports: Approved the amalgamation of BRFL Textiles with the company and raised its stake in BTPL to 19%.
- Shilpa Medicare: Received CDSCO approval to launch Nor Ursodeoxycholic Acid Tablets 500 mg in India which is the first global treatment for Non-Alcoholic Fatty Liver Disease, which impacts an estimated 188 million people in the country.
- KEC International: Issued a corporate guarantee worth SAR 123.75 million to an overseas bank in support of its subsidiary, Al Sharif Group & KEC.
- BEML: Secured its first overseas contract in the Rail and Metro segment from Malaysia for retrofitting and reconditioning the Mass Rapid Transport System, valued at USD 1 million.
- Lloyds Enterprises: Board approved a rights issue in the ratio of 1:5 at ₹39 per share.
- NACL Industries: Coromandel International completed the acquisition of a controlling stake; an open offer to acquire an additional 26% from public shareholders is in progress.
- Texmaco Rail: NCLT approved the merger of Texmaco West Rail with the company.
- Arvind: NCLT sanctioned the slump sale of the advanced materials undertaking to subsidiary Arvind Advanced Materials.
- Sandur Manganese & Iron Ores: Board approved issuing bonus shares in a 2:1 ratio and reappointed Bahirji Ajai Ghorpade as Managing Director.
- Coromandel International: Completed the acquisition of a 53% stake in NACL Industries; open offer to acquire up to 26% more from public shareholders is ongoing.
- H.G. Infra Engineering: In a JV with D.E.C. Infrastructure and Projects, won a ₹2,195.68 crore contract from RLDA for redeveloping New Delhi Railway Station and related infrastructure, with a 45-month completion period.
- Nibe: Won a ₹10.52 crore order from Elbit Systems Land to manufacture and supply ship-mounted universal rocket launcher mechanical kits.
- Zydus Lifesciences: Received final USFDA approval for Prucalopride Tablets (1 mg and 2 mg).
- Mahindra & Mahindra: Produced 82,862 units in July 2025 (up from 70,540 units in July 2024), sold 80,917 units, and exported 2,774 units.
- Authum Investment: Purchased 8.34 lakh shares of Star Aerospace (6.63% stake), raising its total holding to 14.59%; also incorporated a subsidiary, Billion Dream Sports, to enter the sports industry.
- Shivam Autotech: Approved the allotment of 250 secured NCDs worth ₹25 crore via private placement.
- Birla Corporation: Issued commercial paper worth ₹50 crore (₹5 lakh each).
- Cupid: Expanding its in-vitro diagnostic test kit business, aiming for CE certification of four products and increasing production capacity from 1 lakh to 4 lakh kits per day by end-2026.
- Gujarat Alkalies and Chemicals: Approved forming an SPV with GMDC to set up a 60 MW renewable energy project.
- Prism Johnson: Acquired shares worth ₹49.68 crore in Sentini Cermica.
- JSW Energy: Commissioned the final 80 MW unit of the 240 MW Kutehr Hydro Power Project in Himachal Pradesh, with full capacity now operational.
- JM Financial: Subsidiary JM Financial Credit Solutions agreed to sell a 2.1% stake in JM Financial Home Loans to Bajaj Allianz for ₹65.5 crore.
Written by Manideep Appana
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