Stock Market LIVE Updates: Sensex, Nifty flat; IT, FMCG drag, auto, pharma gain

#1 Company’s focus is on building a strong cash flow generating company

#2 Combination of high quality land bank & excellent product delivery reflect in standout brand

#3 Though P&L may stay flattish near term, margins are trending well in underlying sales

#4 By FY28, underlying sales margin benefit should reflect in reported numbers

#5 Stock trading below historical NAV average, providing favourable risk-reward

The company’s subsidiary, Agneyastra Energetics, has entered into an agreement with the Andhra Pradesh Industrial Infrastructure Corporation to purchase 949.65 acres of land in Anantapur district.

The company plans to develop a defence energetics manufacturing complex, including a high explosives manufacturing plant, ammunition filling plant, gun propellant facility, and provisions for future expansion into energetics for rockets, missile systems, space launch vehicles, and advanced energetics.

Glenmark Pharmaceuticals announced the initiation of a multi-country (ex-China) Phase 3 Clinical Trial for Envafolimab, a novel subcutaneous PD-L1 inhibitor, in patients with resectable Stage III Non-Small Cell Lung Cancer (NSCLC) in the neoadjuvant/adjuvant

setting.

The Company has received approval from the Drugs Controller General of India (DCGI) to begin patient enrollment and dosing in the country.

The company has incorporated a joint venture company in India i.e. White Peak Refrigeration, to carry on the business of manufacturing of visi-coolers and other refrigeration equipments etc.

The company has received a purchase order for the supply of nine 125 MVA transformers from Avaada Clean Project. The total order value is Rs 78.39 crore.

Indo Tech Transformers was quoting at Rs 1,859.00, up Rs 67.20, or 3.75 percent.

It has touched an intraday high of Rs 1,881.35 and an intraday low of Rs 1,815.05.

It was trading with volumes of 2,236 shares, compared to its five day average of 3,939 shares, a decrease of -43.23 percent.

In the previous trading session, the share closed down 1.84 percent or Rs 33.65 at Rs 1,791.80.

The share touched a 52-week high of Rs 3,792.90 and a 52-week low of Rs 1,540.00 on 09 January, 2025 and 07 August, 2025, respectively.

Currently, the stock is trading 50.99 percent below its 52-week high and 20.71 percent above its 52-week low.

Market capitalisation stands at Rs 1,974.26 crore.

Varun Beverages was quoting at Rs 484.50, down Rs 4.95, or 1.01 percent.

It has touched an intraday high of Rs 492.85 and an intraday low of Rs 476.75.

It was trading with volumes of 139,102 shares, compared to its five day average of 317,591 shares, a decrease of -56.20 percent.

In the previous trading session, the share closed down 3.11 percent or Rs 15.70 at Rs 489.45.

The share touched a 52-week high of Rs 668.05 and a 52-week low of Rs 419.40 on 13 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 27.48 percent below its 52-week high and 15.52 percent above its 52-week low.

Market capitalisation stands at Rs 163,856.02 crore.

The Sensex was up 196.32 points or 0.24 percent at 80,914.33, and the Nifty was up 61.35 points or 0.25 percent at 24,795.65. About 2047 shares advanced, 1084 shares declined, and 164 shares unchanged.

Brainbees Solutions was quoting at Rs 366.35, up Rs 14.35, or 4.08 percent.

It has touched an intraday high of Rs 366.35 and an intraday low of Rs 354.40.

It was trading with volumes of 34,981 shares, compared to its five day average of 78,423 shares, a decrease of -55.39 percent.

In the previous trading session, the share closed down 2.90 percent or Rs 10.50 at Rs 352.00.

The share touched a 52-week high of Rs 734.25 and a 52-week low of Rs 291.00 on 15 October, 2024 and 07 May, 2025, respectively.

Currently, the stock is trading 50.11 percent below its 52-week high and 25.89 percent above its 52-week low.

Market capitalisation stands at Rs 19,120.17 crore.

#1 O2C profitability in H1FY26 is +15% YoY vis-a-vis our full-year estimate of +8% on strength in auto fuels

#2 Benefit of Russian crude, a key investor query, is limited to 2.1% of consolidated FY27 EBITDA

#3 Jio's impending IPO could lead to NT tariff intervention

#4 Improving visibility on double-digit consolidated EBITDA growth in FY26

#5 See EV/EBITDA multiple ripe for inversion

Sugs Lloyd

Snehaa Organics

ABRIL Paper Tech

The company has received a purchase order for the supply of nine 125 MVA transformers from Avaada Clean Project. The total order value is Rs 78.39 crore.

Indo Tech Transformers was quoting at Rs 1,860.00, up Rs 68.20, or 3.81 percent.

It has touched an intraday high of Rs 1,881.35 and an intraday low of Rs 1,815.05.

It was trading with volumes of 1,983 shares, compared to its five day average of 3,939 shares, a decrease of -49.65 percent.

In the previous trading session, the share closed down 1.84 percent or Rs 33.65 at Rs 1,791.80.

The share touched a 52-week high of Rs 3,792.90 and a 52-week low of Rs 1,540.00 on 09 January, 2025 and 07 August, 2025, respectively.

Currently, the stock is trading 50.96 percent below its 52-week high and 20.78 percent above its 52-week low.

Market capitalisation stands at Rs 1,975.32 crore.

Rattanindia Enterprises was quoting at Rs 62.80, up Rs 3.78, or 6.40 percent.

It has touched an intraday high of Rs 63.98 and an intraday low of Rs 58.80.

It was trading with volumes of 752,484 shares, compared to its five day average of 1,658,060 shares, a decrease of -54.62 percent.

In the previous trading session, the share closed down 2.64 percent or Rs 1.60 at Rs 59.02.

The share touched a 52-week high of Rs 84.72 and a 52-week low of Rs 37.45 on 18 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 25.87 percent below its 52-week high and 67.69 percent above its 52-week low.

Market capitalisation stands at Rs 8,680.65 crore.

Ola Electric Mobility was quoting at Rs 61.98, down Rs 2.61, or 4.04 percent.

It has touched an intraday high of Rs 64.73 and an intraday low of Rs 60.70.

It was trading with volumes of 17,260,332 shares, compared to its five day average of 82,632,197 shares, a decrease of -79.11 percent.

In the previous trading session, the share closed down 6.34 percent or Rs 4.37 at Rs 64.59.

The share touched a 52-week high of Rs 123.90 and a 52-week low of Rs 39.58 on 18 September, 2024 and 14 July, 2025, respectively.

Currently, the stock is trading 49.98 percent below its 52-week high and 56.59 percent above its 52-week low.

Market capitalisation stands at Rs 27,338.32 crore.

The company has incorporated a joint venture company in India i.e. White Peak Refrigeration, to carry on the business of manufacturing of visi-coolers and other refrigeration equipments etc.

Varun Beverages was quoting at Rs 480.50, down Rs 8.95, or 1.83 percent.

It has touched an intraday high of Rs 492.85 and an intraday low of Rs 480.00.

It was trading with volumes of 79,530 shares, compared to its five day average of 317,591 shares, a decrease of -74.96 percent.

In the previous trading session, the share closed down 3.11 percent or Rs 15.70 at Rs 489.45.

The share touched a 52-week high of Rs 668.05 and a 52-week low of Rs 419.40 on 13 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 28.07 percent below its 52-week high and 14.57 percent above its 52-week low.

Market capitalisation stands at Rs 162,503.24 crore.

The Ministry of Power has appointed Bhupender Gupta as the Chairman & Managing Director of NHPC for a period of five years, effective September 4. With this, Sanjay Kumar Singh, Director (Projects), ceased to hold the additional charge of CMD.

NHPC was quoting at Rs 78.32, up Rs 0.22, or 0.28 percent.

It has touched an intraday high of Rs 78.53 and an intraday low of Rs 78.15.

It was trading with volumes of 163,195 shares, compared to its five day average of 707,178 shares, a decrease of -76.92 percent.

In the previous trading session, the share closed down 1.62 percent or Rs 1.29 at Rs 78.10.

The share touched a 52-week high of Rs 98.37 and a 52-week low of Rs 71.01 on 06 September, 2024 and 12 February, 2025, respectively.

Currently, the stock is trading 20.38 percent below its 52-week high and 10.29 percent above its 52-week low.

Market capitalisation stands at Rs 78,672.71 crore.

The meeting of the board of directors of Spicejet is scheduled on 05/09/2025 to consider and approve the un-audited standalone and consolidated financial results of the company for first quarter ended June 30, 2025 and Issue of equity shares on a preferential basis to aircraft lessor(s) consequent upon conversion of their existing outstanding dues, including determination of the issue price, in accordance with applicable laws.

Gold prices rose on Friday and were on track for their best week in three months, supported by growing expectations of a U.S. interest rate cut this month, as attention turns to the U.S. non-farm payrolls data due later in the day.

Spot gold was up 0.3% at $3,556.21 per ounce, hovering near an all-time high of $3,578.50 touched on Wednesday. Bullion has risen 3.2% so far this week.

U.S. gold futures for December delivery gained 0.2% to $3,615.

The US Food and Drug Administration (FDA) has completed a routine cGMP inspection at Biocon Biologics’ drug substance facility in Bengaluru and issued a Form 483 with five observations.

These observations are procedural in nature and do not pertain to data integrity, systemic non-compliance, or quality oversight.

The inspection was conducted between August 26 and September 3, covering drug substance manufacturing units, analytical QC laboratories, microbiology laboratories, and warehouses.

The company’s subsidiary, Zydus Lifesciences Global FZE, has entered into an exclusive licensing and supply agreement with Synthon BV of the Netherlands for Ozanimod capsules, a generic version of Zeposia for the US market.

Ozanimod Capsules are indicated for relapsing forms of multiple sclerosis. Zydus will be responsible for the commercialization of the product in the USA.

Moschip Technologies was quoting at Rs 238.45, up Rs 15.90, or 7.14 percent.

It has touched an intraday high of Rs 244.95 and an intraday low of Rs 231.45.

It was trading with volumes of 928,083 shares, compared to its five day average of 2,219,251 shares, a decrease of -58.18 percent.

In the previous trading session, the share closed up 15.94 percent or Rs 30.60 at Rs 222.55.

The share touched a 52-week high of Rs 279.00 and a 52-week low of Rs 125.30 on 16 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 14.53 percent below its 52-week high and 90.3 percent above its 52-week low.

Market capitalisation stands at Rs 4,581.18 crore.

Power Grid Corporation of India has been declared as successful bidder under tariff based competitive bidding to establish inter-state transmission system for the project namely “Transmission system for evacuation of power from Pumped Storage Projects in Sonbhadra District, Uttar Pradesh” on build, own, operate and transfer (BOOT) basis.

Himanshu Mody has been appointed as Deputy CEO, effective September 4. He joined from Suzlon Group, where he served as Group CFO for four years.

Sammaan Capital was quoting at Rs 138.55, up Rs 1.65, or 1.21 percent.

It has touched an intraday high of Rs 140.85 and an intraday low of Rs 138.55.

It was trading with volumes of 89,555 shares, compared to its five day average of 2,993,571 shares, a decrease of -97.01 percent.

In the previous trading session, the share closed down 1.23 percent or Rs 1.70 at Rs 136.90.

The share touched a 52-week high of Rs 174.00 and a 52-week low of Rs 97.80 on 26 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 20.37 percent below its 52-week high and 41.67 percent above its 52-week low.

Market capitalisation stands at Rs 11,491.05 crore.

4.74 million shares (1.53% equity) of Prime Focus traded in two blocks: Bloomberg

The Sensex was up 235.30 points or 0.29 percent at 80,953.31, and the Nifty was up 72.40 points or 0.29 percent at 24,806.70. About 1546 shares advanced, 564 shares declined, and 126 shares unchanged.

Trent, SBI Life Insurance, Shriram Finance, Asian Paints, Bajaj Finserv were among major gainers on the Nifty, while losers were Apollo Hospitals, Titan Company, Cipla.

The initial enthusiasm witnessed in the market yesterday couldn’t be sustained. The expected short-covering did not happen, bringing the prices down towards the close. Also, the market had partly discounted the GST reforms earlier. The high valuations even amidst geopolitical and tariff-related headwinds helped bears to accumulate short positions in the market.

The sustained massive buying by mutual funds in equity has touched Rs 70500 crores in August. With high money muscle facilitated by the sustaining fund flows into the market mutual bund buying will support the market during declines.

A significant feature of the present market trend is the weakness in overvalued mid and smallcaps and relative strength in the fairly valued largecaps. This is a healthy trend which can be expected to continue.

While markets are likely to see a positive opening, the Next-Gen GST Reforms should strengthen the case for a consumption-led recovery, with auto and consumption expected to benefit the most. But having said that, the broader and macro-outlook is still vulnerable to global macro uncertainties – especially on Trump's US tariff of 50% on India and, most importantly, the persistent FII outflows.

Meanwhile, the spotlight will also be on the US jobs data later today amid worries about labour market health, while the Federal Reserve’s September 17 rate cut is still on the table despite sticky US PCE inflation data.

On the domestic front, a quieter but powerful bullish consolidation could be the preferred theme at Dalal Street, while any strength for Nifty could be seen above its biggest hurdle at 25155 mark.

Power Grid Corporation of India has been declared as successful bidder under tariff based competitive bidding to establish inter-state transmission system for the project namely “Transmission system for evacuation of power from Pumped Storage Projects in Sonbhadra District, Uttar Pradesh” on build, own, operate and transfer (BOOT) basis.

Benchmark indices are trading firm in the pre-opening session.

The Sensex was up 378.30 points or 0.47 percent at 81,096.31, and the Nifty was up 157.65 points or 0.64 percent at 24,891.95.

Indian rupee opened with marginal gains at 88.10 per dollar on Friday versus Thursday's close of 88.15.

Green Portfolio sold 5.37 lakh shares (0.6% stake) in the oral and dental products maker at Rs 11.62 per share. However, Nimisha Khandu Solanki bought 5.93 lakh shares (0.69% stake) at Rs 12 per share.

In the previous trading session, the share closed up 3.47 percent or Rs 0.39 at Rs 11.64.

The share touched a 52-week high of Rs 32.90 and a 52-week low of Rs 9.90 on 26 September, 2024 and 28 August, 2025, respectively.

Currently, the stock is trading 64.62 percent below its 52-week high and 17.58 percent above its 52-week low.

Market capitalisation stands at Rs 99.64 crore.

Foreign promoter WestBridge Crossover Fund, owned by Mauritius-based global investment firm WestBridge Capital, sold more than 6.09 crore equity shares (representing a 12.2% stake) in Aptus Value Housing Finance India at Rs 328.85 per share, amounting to Rs 2,005.9 crore. As of June 2025, WestBridge held a 16.9% stake (8.09 crore shares).

On the other hand, a total of 24 institutional investors, including Kotak Mahindra MF, ICICI Prudential MF, ICICI Prudential Life Insurance, Tata MF, Edelweiss MF, Edelweiss Life Insurance, East Bridge Capital Master Fund, Bandhan MF, Goldman Sachs, Tata AIG General Insurance, Quant MF, Motilal Oswal MF, ITI MF, Aditya Birla Sun Life MF, and Allianz Global, bought the entire 12.2% stake sold by WestBridge.

In the previous trading session, the share closed down 1.14 percent or Rs 3.80 at Rs 328.15.

The share touched a 52-week high of Rs 401.70 and a 52-week low of Rs 267.75 on 14 October, 2024 and 28 January, 2025, respectively.

Currently, the stock is trading 18.31 percent below its 52-week high and 22.56 percent above its 52-week low.

Market capitalisation stands at Rs 16,426.98 crore.

Manipal Education and Medical Group India sold 2.98 crore units in KKR-sponsored Vertis at Rs 99.57 per unit, valued at Rs 296.7 crore. 360 ONE Real Assets Advantage Fund, 360 ONE Prime, and 360 ONE Portfolio Managers bought the entire 2.98 crore units at the same price.

Meanwhile, Galaxy Investments II, a part of KKR and also the sponsor for the InvIT, offloaded 10.25 lakh units at Rs 98.3 per unit, amounting to Rs 10.07 crore. Whiteoak Capital Mutual Fund was the buyer of these units.

n the previous trading session, the share closed up 0.95 percent or Rs 1.35 at Rs 143.75.

The share touched a 52-week high of Rs 180.70 and a 52-week low of Rs 85.00 on 15 July, 2025 and 17 March, 2025, respectively.

Currently, the stock is trading 20.45 percent below its 52-week high and 69.12 percent above its 52-week low.

Market capitalisation stands at Rs 4,455.34 crore.

In the previous trading session, the share closed up 0.15 percent or Rs 0.50 at Rs 326.50.

The share touched a 52-week high of Rs 331.35 and a 52-week low of Rs 189.60 on 20 August, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 1.46 percent below its 52-week high and 72.2 percent above its 52-week low.

Market capitalisation stands at Rs 315,083.95 crore.

In the previous trading session, the share closed up 0.02 percent or Rs 0.01 at Rs 43.08.

The share touched a 52-week high of Rs 51.80 and a 52-week low of Rs 30.85 on 10 June, 2025 and 28 January, 2025, respectively.

Currently, the stock is trading 16.83 percent below its 52-week high and 39.64 percent above its 52-week low.

Market capitalisation stands at Rs 8,341.45 crore.

Rohan Gupta acquired an additional 35 lakh shares (2.78% stake) in the structural steel supplier at Rs 333.01 per share.

Meanwhile, Blue Foundry Advisors LLP sold 16.3 lakh shares (1.3% stake) at Rs 327.44 per share, and QRG Investments and Holdings offloaded 20 lakh shares (1.58% stake) at Rs 327.52 per share.

In the previous trading session, the share closed up 9.04 percent or Rs 29.85 at Rs 359.90.

The share touched a 52-week high of Rs 462 and a 52-week low of Rs 290 on 11 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 22.1 percent below its 52-week high and 24.1 percent above its 52-week low.

Market capitalisation stands at Rs 4,044.63 crore.

Asian stocks tracked Wall Street's rise to a record high and Treasury yields eased to four-month lows on Friday as traders cemented bets for the Federal Reserve to cut rates this month, even with crucial U.S. jobs data looming later in the day.

The shareholders of Adani Power approved the sub-division / split of the existing equity shares of the company, such that 1 equity share having face value of Rs 10 each fully paid-up, be sub-divided / split into 5 equity shares having face value of Rs 2 each fully paid-up.

India Resurgence Fund made an open offer for acquisition of up to 3,85,43,837 fully paid up equity shares of face value of Rs 10 each of Shree Digvijay Cement Company, representing 26% of the expanded share capital from the public shareholders of the Shree Digvijay Cement Company.

SpiceJet, Prabhat Technologies (India), Toyam Sports, and Sanmitra Commercial will release their quarterly earnings on September 5.

Goel Construction Company, and Optivalue Tek Consulting initial public offerings have received overwhelming response from investors, recording 115.77 times and 59.96 times subscription, respectively, on September 4, the final day of bidding.

Going ahead, both companies will finalise their IPO share allotments by September 8. The trading in their equity shares will commence on the BSE SME and NSE Emerge, respectively, with effect from September 10.

Goel Construction Company, which involves mainly in the construction of cement, power, and dairy plants, has garnered 31.78 crore shares bids from investors during September 2-4, against the IPO size of 27.46 lakh shares via 1.76 lakh applications.

Non-institutional investors led the charge amongst the participants, bidding 165.88 times their allotted quota. The reserved portions of qualified institutional buyers and retail investors were subscribed 124.2 times, and 88.55 times, respectively.

The Rajasthan-based infrastructure construction company is raising Rs 100.15 crore via initial share sale of 38.08 lakh shares, at a valuation of Rs 380 crore. The IPO comprises fresh issue of 30.84 lakh shares, and an offer-for-sale of 7.23 lakh shares by the Goel family.

The company’s subsidiary, Zydus Lifesciences Global FZE, has entered into an exclusive licensing and supply agreement with Synthon BV of the Netherlands for Ozanimod capsules, a generic version of Zeposia for the US market.

Ozanimod Capsules are indicated for relapsing forms of multiple sclerosis. Zydus will be responsible for the commercialization of the product in the USA.

The US Food and Drug Administration (FDA) has completed a routine cGMP inspection at Biocon Biologics’ drug substance facility in Bengaluru and issued a Form 483 with five observations.

These observations are procedural in nature and do not pertain to data integrity, systemic non-compliance, or quality oversight.

The inspection was conducted between August 26 and September 3, covering drug substance manufacturing units, analytical QC laboratories, microbiology laboratories, and warehouses.

The Reserve Bank of India (RBI) has declared September 8 (Monday) as a public holiday, instead of the earlier declared September 5 (Friday). Accordingly, there will be no transactions and settlements in government securities, foreign exchange, money markets and rupee interest rate derivatives on the newly-declared holiday.

Informing about the change, RBI in a statement on September 4 announced that government securities market, foreign exchange market, money market and rupee interest rate derivatives market will remain open on September 5 (Friday). Read More

BlueStone Jewellery and Lifestyle has reported a 41 percent decline in quarterly loss at Rs 34.7 crore in the June quarter of FY26 compared to a loss of Rs 59.2 crore in the same period a year ago, and a loss of Rs 51.3 crore in the previous quarter, regulatory filings showed on September 4.

The jewellery maker also reported a 41 percent rise increase in revenue from operations at Rs 492.7 crore during the quarter, up from Rs 348.2 crore in the year ago period. It had reported a revenue of Rs 461.3 crore a quarter ago.

The Nifty pared most of its gains after a gap-up start driven by optimism over GST reforms. The daily close was just below the 21 EMA, indicating a continuation of weakness, although the index appears to be nearing a potential trend reversal.

A decisive move above 24,750 could provide the strength needed for the Nifty to move towards 25,000. A sustained move above 25,000 could trigger a further rally.

On the other hand, failure to close above 24,750 within the next two to three days may lead to renewed selling pressure on the index

Markets witnessed a volatile session and ended marginally higher, supported by sweeping GST reforms that signaled a structural tax overhaul. The Nifty opened on a strong note, led by sharp gains in auto and consumer staples, but profit-taking and weakness in select heavyweights dragged the index lower as the day progressed. Eventually, it closed with modest gains at 24,734.30. Sector-wise, auto, financials, and FMCG led the advance, while IT, energy, and realty were the notable laggards. The broader indices, however, underperformed after the recent upmove, losing over half a percent each.

The GST 2.0 reforms strengthen the case for a consumption-led recovery, with auto and consumer staples expected to benefit the most. Select metals and infrastructure names linked to rural stimulus also remain in focus. That said, the broader outlook stays vulnerable to global macro uncertainties, continued FII outflows, and persistent U.S. tariff headwinds. In the near term, consolidation in the benchmark index cannot be ruled out. Hence, we recommend maintaining selective exposure to structurally strong themes while keeping a close eye on the risk–reward equation.

Oil prices drifted down in early trading on Friday for the third straight day as investors awaited an OPEC+ meeting this weekend that will consider further output hikes.

Brent crude futures fell 23 cents, or 0.3%, to $66.77 a barrel, while U.S. West Texas Intermediate crude fell 19 cents, or 0.3%, to $63.29.

The dollar mostly held its ground on Friday as bond markets stabilised and traders awaited key U.S. jobs data expected to firm up the case for an interest rate cut by the Federal Reserve.

The greenback inched up in U.S. hours on Thursday and was poised for a second straight weekly gain on relatively light trading and as investors refrained from big moves ahead of the payrolls figures.

Data on Thursday showing higher-than-expected applications for jobless benefits in the United States served as a prelude to the more critical non-farm payrolls report that will feed into the Fed's policy decision this month.

Bonds rallied in the U.S., Europe, and Japan after fiscal concerns spurred a run-up in long-term yields. The yen edged higher as Japan's chief trade negotiator spelled out details of a solidified trade deal with the U.S.

The dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was little changed at 98.207, set for a 0.4% gain this week.

The greenback dropped 0.2% to 148.22 yen. The euro was up 0.1% on the day at $1.1656.

Hytech Engineers has filled Draft Red Herring Prospectus (DRHP) with SEBI for IPO.

#1 Asian markets higher; Trump formalises lower Japanese auto tariffs

#2 GIFT Nifty signals positive start

#3 US futures edge higher ahead of August jobs data

#4 Strong session on Wall Street; S&P 500 closes at new high

#5 US private payrolls increased by just 54,000 in August vs forecast of 75,000

#6 US 10-year yield down over 4 bps at 4.16%

#7 US weekly jobless claims increased to 237,000, up 8,000

#8 Dollar steadies as labour market data takes center stage

#9 Gold futures trade above $3,600

#10 Oil prices ease on surprise build in US crude stockpiles

#11 Fairly substantial tariff on chips coming shortly: Trump

#12 Will put tariffs on chips companies not coming to US: Trump

Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 60.50 points or 0.24 percent. The Nifty futures were trading around 24,888 level.

The S&P 500 posted a closing record high on Thursday as labor market data did not change expectations for an interest rate cut by the Federal Reserve, a day ahead of the key U.S. monthly jobs report.

The Dow Jones Industrial Average rose 350.06 points, or 0.77%, to 45,621.29, the S&P 500 gained 53.82 points, or 0.83%, to 6,502.08 and the Nasdaq Composite gained 209.97 points, or 0.98%, to 21,707.69.

Asian shares posted early gains Friday after stocks and bonds rallied on Wall Street as further signs of a cooling labor market reinforced bets the Federal Reserve will cut rates this month.

The Indian equity market extended the gains on second day with Nifty finishing above 24,700 led by auto, FMCG and consumption-oriented stocks post Goods and Services Tax (GST) Council announced rate rationalisation.

At close, the Sensex was up 150.30 or 0.19 percent at 80,718.01 and the Nifty was up 19.25 points or 0.08 percent at 24,734.30. BSE Midcap and smallcap indices shed 0.6 percent each.

M&M, Bajaj Finance, Bajaj Finserv, Apollo Hospitals, Nestle are among top gainers on the Nifty, while losers are HDFC Life, Tata Consumer, Wipro, Bharat Electronics, IndusInd Bank.

Among sectors, auto index up nearly 1 percent, FCMG index up 0.3 percent, while IT, media, metal, oil & gas, realty, power, PSU Bank down 0.5-1 percent.

Risk comes from not knowing what you’re doing.