India’s equity benchmarks, Sensex and Nifty, are poised for a subdued opening on Tuesday, despite firm cues from global peers. At 8:15 AM, GIFT Nifty futures were down 34 points at 25,254, indicating a gap-down start for the Indian share market.

The Nifty may see heightened volatility today with the expiry of weekly derivative contracts. Market participants will also keep an eye on commerce minister Piyush Goyal’s visit to the U.S. for trade deal negotiations, his first since the Trump administration imposed 50% tariffs.

On Monday, Indian equities closed lower amid sell-off in information technology (IT) stocks. The BSE Sensex slipped 466 points, or 0.56%, to 82,160, while the NSE Nifty declined 125 points, or 0.49%, to 25,202. Broader markets were the worst hit, with the Nifty MidCap down 0.67% and the Nifty SmallCap sliding 1.17%. The market sentiment was dented after the U.S. President Donald Trump administration announced a steep hike in the annual H-1B visa fee—from $1,000 to $100,000—a 100-fold jump that is expected to significantly pressure the profitability of Indian IT services companies.

Meanwhile, Foreign institutional investors (FIIs) pumped out ₹2,910 crore from Indian equities on Monday, as per provisional exchange data. In contrast, domestic institutional investors (DIIs) emerged net buyers, buying shares worth ₹2,583 crore. During the session, DIIs bought equities worth ₹12,716 crore and sold ₹10,133 crore. FIIs, on the other hand, purchased shares worth ₹9,545 crore while offloading ₹12,455 crore.

Global markets rally on Nvidia- OpenAI deal

In overnight trade, U.S. stocks ended higher after Nvidia, Wall Street’s most valuable company, announced a partnership with OpenAI to train and run the next generation of artificial intelligence models. Nvidia shares gained 3.9% after it proposed investing up to $100 billion in OpenAI. At the close, the S&P 500 rose 0.4%, the Dow Jones Industrial Average added 0.1%, and the Nasdaq Composite climbed 0.7%, with all three indexes hitting fresh record highs.

Tracking Wall Street’s positive close, Asian markets also traded higher today, led by Hong Kong and South Korea, both up 0.4%. Japanese markets were closed for the Autumnal Equinox holiday.

Shares in focus today

Tata Consultancy Services: IT bellwether has informed exchanges that it will release its second quarter results on October 9.

Hyundai Motor India: The automaker reported 11,000 dealer billings on the first day of the Navaratri festival, its best single-day sales in the past five years.

IndusInd Bank: The private lender has appointed Viral Damania as Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 22.

Vedanta: The government has rejected the group’s request to extend its contract for a key oil and gas block in the Cambay basin.

Adani Power: Last week, SBI Funds Management and Citadel Securities LLC picked up shares worth $250 million, offloaded by GQG Partners LLC on Indian exchanges.

Dr. Reddy’s Laboratories: Received a positive CHMP opinion from the European Medicines Agency for AVT03, a biosimilar of denosumab (Prolia/Xgeva), in Europe.

NTPC Green Energy (NGEL): Commissioned part of a 9.9 MW wind project in Bhuj, Gujarat, under Ayana Renewable Power Four, taking its total installed capacity to 7,382.475 MW.

Rail Vikas Nigam (RVNL): The railway PSU has emerged as the lowest bidder (L1) for a ₹145 crore Southern Railway contract covering traction sub-station works.

Brigade Enterprises: The company has entered into a joint development deal for a 7.5-acre residential project in South Bengaluru, with an estimated GDV of ₹1,200 crore.

Alkem Laboratories: The drug maker launched Pertuza, a biosimilar of pertuzumab, in India for treating HER2-positive breast cancer.

JBM Auto: Its EV arm, JBM Electric Vehicles, has partnered with Al Habtoor Motors, a leading UAE-based automobile distributor.

Birla Corporation: Subsidiary RCCPL has been selected as the preferred bidder for the Guda-Rampur limestone and manganese block in Telangana.

Emkay Global Financial Services: Kirti Doshi, via family-owned Antique Securities Pvt Ltd, has acquired over 21% stake in the firm.

Suraj Estate Developers: Launched Suraj Park View 1 in Shivaji Park, Dadar (West), with an expected GDV of ₹250 crore.

JK Lakshmi Cement: Signed a Power Purchase Agreement and shareholders’ deal with Ampin C&I Power Four Pvt Ltd, acquiring 26% stake to source solar power under captive regulations.

Vikran Engineering: The newly listed company posted Q1 net profit of ₹5.65 crore, up from ₹4.29 crore last year, with revenue rising to ₹159.2 crore from ₹136 crore.

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