The Indian benchmark indices are set to start on a tepid note amidst mixed global cues. The US markets closed higher, as the US Personal Consumption Expenditures (PCE) Price Index increased 0.3% in August, up from 0.2% in July. The S&P 500 rose 0.59%, while the Nasdaq Composite rallied 0.44%. The Dow Jones Industrial Average, on the other hand, gained 0.65%.

Meanwhile, the Asian markets were a mixed bag. Japan’s Nikkei 225 was down by 0.94%, and the Shanghai Composite by 0.02%, while South Korea’s KOSPI rallied 1.24%,  and the Hang Seng rose by 1.40%. 

On the domestic front, the Gift Nifty Futures index was trading above its previous close. At 8.20 am, the Gift Nifty Index was up by 2 points, or o.10%, at 24,796. 

Sensex and Nifty’s last week’s Friday session was grappled by the bear, as fresh Trump tariffs on pharmaceuticals, kitchen cabinets and trucks, along with persistent foreign fund outflow, weighed on market sentiment. The Sensex declined 733.22 points, or 0.90%, to 80,426.46, while the Nifty 50 was down by 236.15 points, or 0.95%, to 24,654.70.

Stocks in focus today:

Tata Motors - The UK government has agreed to support Jaguar Land Rover with a loan guarantee of 1.5 billion pound. This comes after the company was hit by a cyberattack a month ago. 

PB Balaji will join as Chief Executive Officer of Jaguar Land Rover Automotive Plc, UK, after resigning as Group Chief Financial Officer of the company, effective November 17 this year. The Board has appointed Dhiman Gupta as the Chief Financial Officer of the company, and Shailesh Chandra as an Additional Director, Managing Director & CEO of the company, effective October 1, for a period of three years. Shailesh Chandra will continue to be the Managing Director of Tata Passenger Electric Mobility.

Waaree Energies - Through their subsidiary, Waaree Solar Americas Inc., which currently operates a 1.6 GW solar module manufacturing facility in Texas, plans an expansion to 3.2 GW. The company has a share subscription cum shareholders agreement for acquiring a 76% stake, for an aggregate consideration of Rs 53.00 crores in Racemosa Energy (India) Private Limited as well.

BEML - BEML Limited has entered into a Tripartite Memorandum of Understanding (MoU) on 26th September 2025 at Pune, along with Bharat Forge Limited and Data Patterns (India) Limited, to jointly support the Advanced Medium Combat Aircraft (AMCA) programme and to participate in the Expression of Interest (EoI) floated by Aeronautical Development Agency (ADA).

Sriram Finance - The company has made a further investment of Rs 300 crore in its subsidiary, Shriram Overseas, by subscribing to 1,90,25,000 equity shares through a rights issue, intending to strengthen its capital base.

Alkem Laboratories - The pharmaceutical company has entered into a Business Transfer Agreement with Alkem Wellness, effective October 1, which will transfer the trade generics business as a going concern on a slump sale basis to its subsidiary, Alkem Wellness.