Gift Nifty indicates a flat to negative start for the Indian market; US Market ended sharply lower; Asian stocks opened with lower

PRE MARKET

Gift Nifty indicates a flat to negative start for the broader index in India, with a loss of 34 points or 0.13 percent. The Nifty futures were trading around the 25,996.50 level.

US stocks ended sharply lower on Monday, with the S&P 500 and the Nasdaq closing below a key technical indicator for the first time since late April as investors braced for quarterly results from retailers and chip giant Nvidia and awaited a long-delayed U.S. jobs report this week.

The Dow Jones Industrial Average fell 557.24 points, or -1.18%, to 46,590.24, the S&P 500 lost 61.70 points, or -0.92%, to 6,672.41, and the Nasdaq Composite lost 192.51 points, or -0.84%, to 22,708.08.

Asian stocks slid in early trade on Tuesday, as financial markets waited on a rush of key U.S economic data delayed by the government shutdown, while investors rolled back bets of a Federal Reserve rate cut next month.

Traders are looking to the U.S. data to provide clues on the health of the world’s largest economy, with the closely watched September nonfarm payrolls report due on Thursday.

Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted went down 1.95, 1.0,7, and 0.85 percent, respectively.

STOCKS TODAY

Emcure Pharmaceuticals

BC Investments IV, an affiliate of global private equity firm Bain Capital, is likely to sell up to a 2% stake in Emcure Pharma via block deals, with the offer size at Rs 493 crore and a floor price of Rs 1,296.5 per share. As of September 2025, BC Investments held a 6.3 percent stake in Emcure Pharma.

WPIL

The company’s South African subsidiary has received a contract from METSI KE MATLA JV for complete electromechanical and instrumentation works for the MCWAP2 project of the Trans Caledon Tunnel Authority (South Africa), valued at 821 million Rand (Rs 426 crore). The project is to be commissioned in 48 months.

JSW Energy

Pritesh Vinay has resigned as Director (Finance) of the company, effective January 1, 2026, to pursue career opportunities outside the JSW Group. He will continue to serve in his current position until December 31, 2025, to support an orderly transition.

Nuvoco Vistas Corporation

Nuvoco Vistas has signed and executed a Securities Purchase Agreement for the acquisition of 100% of the securities of Algebra Endeavour (the holding company of Vadraj Energy, Gujarat), with JSW Cement, Alpha Alternatives Holdings, and Algebra Endeavour, for up to Rs 200 crore.

Tata Power Company

The company’s subsidiary, Tata Power Renewable Energy, has commissioned NHPC’s 450 MWp (DC) / 300 MW (AC) DCR-compliant solar power project in Bikaner, Rajasthan.

Source – Moneycontrol