News

Cochin Shipyard has signed a Rs 200 crore contract with ONGC to jack-up rig repairs.

The same is to be executed over 12 months.

Nvidia shares dropped over 2.5% after reports that China’s cyberspace regulator barred firms like ByteDance and Alibaba from buying its RTX Pro 6000D AI chip. CEO Jensen Huang called the move “disappointing,” saying the company can serve only where it is welcome. here

Brokerage firm Emkay has initiated a ‘buy’ call on Minda Corp with a target price of ₹600.

US President Donald Trump has identified 23 nations, including Afghanistan, China, India, and Pakistan, as major drug transit or illicit drug-producing countries in a report submitted to Congress.

Sources told CNBC-TV18 that Jusmiral Holdings is likely to sell up 5.1% of its stake in Cohance Lifesciences via block deals.

The offer size is estimated to be ₹1,756 crore and the floor price is likely to be ₹900 apiece, a 6.9% discount to its previous close, sources said, adding that a lock-up period of 210 days has been set for further share sale.

As per data available on the stock exchanges, Jusmiral Holdings held 33.34% stake in the company at the end of the June quarter.

here

MS On Yes Bank

MS On PNB Housing

MS On Bajaj Fin

MS On ICICI Bank

MS On Shriram Fin

MS On ICICI Pru Life

HSBC On Page Ind

HSBC On Ujjivan

HSBC On Telecom

Fed Chair Jerome Powell pushed back against expectations of aggressive rate cuts, stressing caution on inflation even as the central bank delivered a 25 bps cut and projected two more this year. Policymakers also resisted pressure from Donald Trump for steeper reductions, with dissent limited to his newly appointed board member. here

Nomura on Oil & Gas

Nuvama on Saregama

Anand Rathi Share and Stock Brokers has set a price band of ₹393–414 per share for its ₹745 crore IPO, which opens on September 23 and closes on September 25. The anchor book will launch on September 22, with a minimum bid size of 36 shares. here

The US Federal Reserve lowered its benchmark rate by 25 bps to 4.00%–4.25%, aiming to support growth amid labour market concerns and inflation pressures. It indicated the possibility of additional cuts later this year based on economic trends. here

Dixon Technologies will acquire a 51% stake in Kunshan Q Tech Microelectronics (India) for ₹552.99 crore through a combination of share purchase and subscription agreements. The target firm makes cameras and fingerprint modules for mobile devices, IoT products, and automotive applications. here

Cochin Shipyard has secured a ₹200 crore contract from ONGC for dry dock and major lay-up repairs of a jack-up rig, with execution expected in 12 months. The company said the deal is not a related-party transaction. here

Biocon Biologics has received US FDA approval for Bosaya and Aukelso, biosimilars of Amgen’s Prolia and Xgeva. Bosaya is cleared for osteoporosis and cancer therapy-related bone loss, while Aukelso is approved for preventing skeletal issues in cancer patients and treating giant cell tumour of bone and refractory hypercalcemia of malignancy. here

US stocks closed mixed on Wednesday as the Dow Jones gained 250 points, while the S&P 500 and Nasdaq ended nearly flat. The Fed cut rates by 25 bps and projected two more cuts in 2025, but signalled only one cut each in 2026 and 2027, tempering market expectations. here

Motilal Oswal initiated coverage on NSDL with a ‘Neutral’ rating and a price target of ₹1,200, implying an 8% downside. The brokerage noted NSDL’s strong position in a duopoly market but said the stock looks fairly valued with positives largely priced in. here

Brazil’s central bank kept its benchmark Selic rate unchanged at 15% for the second consecutive meeting, citing strong labour markets, above-target inflation, and unanchored price expectations. here

Amazon Seller Services, the marketplace arm of Amazon India, reported its first operational profit in 12 years with an EBITDA of ₹2,770 crore in FY25. Operating revenue rose 18.6% to over ₹30,000 crore from ₹25,406 crore a year earlier. here

PN Gadgil shares are in focus today as its shareholder lock-in period comes to an end.

As per Nuvama Alternative & Quantitative Research, 85.7 million shares, or 63% of the outstanding equity, of the firm will free up for trade s its one-year-shareholder lock-in ends today.

Based on the previous closing price, the number of PN Gadgil Jewellers shares that free up for trade are ₹5,441 crore.

here

Brent was trading around $68 a barrel post losing 0.8% on Wednesday. Meanwhile, the West Texas Intermediate was close to $64.

here

GIFT Nifty trading at a premium of more than 70 points from Nifty Futures Wednesday close, indicates a start in the green for the Indian market.

The Nifty crossed 25,300 and is now eyeing 25,500, while investor focus shifts to the impact of the US Fed’s 25 bps rate cut and Powell’s commentary on future cuts, with Indian IT stocks likely to track the sell-off in global tech shares. here

TRADE SET UP

Poonawalla Fincorp has allotted 3.31 crore equity shares on a preferential basis to its promoter Rising Sun Holdings at ₹452.51 per share, raising about ₹1,500 crore. here

Bandhan Bank, Cochin Shipyard, ONGC, Biocon, Indosolar, Lodha Developers, and SVP Global Textiles are a few stocks to watch before today’s trading session. here

CLSA has added UltraTech Cement to its high-conviction outperform list, which already features Avenue Supermarts, Dixon Technologies, ONGC, and NHPC. hereNewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.