PRE MARKET
Gift Nifty was trading around 23,472 level, a discount of nearly -20.50 points indicating a negative start for the Indian stock market indices.
US stock market ended marginally higher on Tuesday amid tensions arising from US-Iran talks.
The Dow Jones Industrial Average gained 228.91 points, or 0.45%, to 51,307.79, while the S&P 500 rose 9.94 points, or 0.13%, to 7,609.90. The Nasdaq Composite closed 7.09 points, or 0.03%, higher at 27,093.90.
Asian markets traded higher on Wednesday, with Japan’s Nikkei 225 hitting a record high, despite uncertainty over US-Iran peace talks. Japan’s Nikkei 225 jumped 2.77%, while Hong Kong’s Hang Seng index futures indicated a lower opening. South Korea’s markets were closed for a holiday.
STOCKS IN NEWS
Vedanta
The Enforcement Directorate (ED) conducted visits to certain offices of Vedanta and its subsidiary, Hindustan Zinc. The company is fully cooperating with the authorities and is furnishing all requested information.
Canara Bank
State-owned Canara Bank has approved a proposal to raise up to ₹8,500 crore during FY27 through debt instruments, aimed at bolstering its capital position and funding future business expansion.
Adani Ports and SEZ
The company reported a 15% year-on-year increase in cargo volumes, indicating sustained growth in its port operations, whereas logistics rail volumes fell 19% compared to the same period last year.
NHPC
The government’s Offer for Sale (OFS) in NHPC Limited was subscribed 3.47 times on the first day of bidding by non-retail investors, prompting it to fully exercise the 3% greenshoe option, according to a regulatory filing released on Tuesday.
InterGlobe Aviation (IndiGo)
Owing to ongoing international airspace restrictions that have led to considerably longer flight times and a difficult cost environment, IndiGo has decided to temporarily suspend its flights to and from Manchester, effective August 31, 2026.
Alkem Lab
Shares of Alkem Laboratories saw block transactions worth nearly ₹930 crore on Tuesday, as entities belonging to the promoter family offloaded shares to a group of domestic mutual funds and foreign institutional investors. NSE block deal data showed that around 17.88 lakh shares were traded at a price of ₹5,200 per share, taking the total deal value to approximately ₹930 crore.
Source: Mint, Moneycontrol