Fed’s rate cut sets stage for positive opening for Sensex, Nifty; Dixon, YES Bank, Cochin Shipyard, Titagarh Rail shares in focus

Indian equity benchmarks, the BSE Sensex and NSE Nifty, are set for a strong opening on Thursday, buoyed by the U.S. Federal Reserve’s decision to cut interest rates for the first time in 2025. The Fed lowered its benchmark range to 4-4.25% and signalled the possibility of two more cuts before year-end.

At 8:30 a.m., GIFT Nifty futures traded 104 points higher at 25,518, pointing to a firm start for the Sensex and Nifty.

On Wednesday, domestic markets closed in the green for the second consecutive session, supported by optimism around the Fed’s policy move and positive cues from India-U.S. trade talks. The BSE Sensex gained 313 points (0.38%) to end at 82,693.71, while the NSE Nifty 50 crossed the 25,300 mark, closing above it for the first time since July 11.

Shares in focus today

Dixon Technologies : The company will acquire a 51% stake (20.86 million shares) in Kunshan Q Tech Microelectronics for ₹553 crore.

Federal Bank : The lender has sold 16.62 crore shares of Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) at ₹21.5 per share, raising ₹357.5 crore.

Bandhan Bank : The private lender has also offloaded 15.39 crore shares worth ₹331 crore of Yes Bank to SMBC at the same price, reducing its holding from 0.70% to 0.21%.

Cochin Shipyard : The PSU has signed a contract worth ₹200 crore with ONGC for dry dock/repairs of a jack-up rig.

Hyundai Motor India : The auto major and its recognised trade union, the United Union of Hyundai Employees (UUHE), have signed a long-term wage settlement agreement for 2024–2027.

Titagarh Rail Systems : The rolling stock and engineering solutions provider has handed over the first indigenously built Diving Support Craft (DSC), DSC A20, to the Indian Navy.

Central Bank of India : The board of the public sector lender has cleared an equity infusion of ₹64.4 crore in subsidiary Cent Home Bank Finance as part of a proposed ₹100 crore rights issue.

Poonawalla Fincorp : The board of the company has approved the allotment of 3.31 crore shares at ₹452.51 per share, raising ₹1,500 crore from promoter Rising Sun Holdings.

Cohance Lifesciences: The company’s promoter Jusmiral Holdings is expected to offload up to 5.1% stake in the company, worth around ₹1,756 crore, through block deals.

Indosolar: Promoter Waaree Energies plans to divest up to 61 lakh shares (14.66% stake) via an offer-for-sale (OFS) on September 18–19, to meet the minimum public shareholding norms.

Biocon : Subsidiary Biocon Biologics has received U.S. FDA approval for two biosimilar injections – Bosaya (Prolia biosimilar) and Aukelso (Xgeva biosimilar).

Bombay Dyeing : The board of the company has approved the appointment of Rohit Santhosh as CEO of Bombay Realty, the real estate arm.

Aavas Financiers: The company’s shareholders have cleared the issuance of NCDs worth up to ₹8,500 crore via private placement, in multiple tranches over the next one year.

Escorts Kubota : The auto company has launched PRO588i-G, a new combine harvester, under the Kubota brand in Punjab and Haryana.

Smartworks Coworking Spaces: The coworking spaces provider has leased out its largest-ever office space campus of 5.57 lakh square feet at Intellion Park, Navi Mumbai.

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