Sensex, Nifty to open flat amidst weak global cues; Tata Steel, Yes Bank shares in focus

The Indian benchmark indices are expected to open on a tepid note today, as the US markets ended lower for the second consecutive session, with investors booking profits. Asian markets tracked similar cues, resulting in mixed trade. This comes in after U.S. Federal Reserve Chair Jerome Powell remarked that “equity prices are fairly highly valued” in his speech yesterday at the Greater Providence Chamber of Commerce 2025 Economic Outlook. 

On the domestic front, investors maintained caution while booking profits from last week’s rally on the back of GST reforms. Investors would be tracking cues on developments of the India-US trade deal, even as sentiments remain tempered by the H1B visa fee hike. 

The Gift Nifty Futures index, too, indicated a weak start. At 8:20 am, the Gift Nifty was trading marginally above by 11 points, or 0.05% from yesterday’s close. 

Wall Street ended in the red, with the S&P 500 falling 18.94 points, or 0.28%, and the Nasdaq down by 75.62 points, or 0.33%. The Dow Jones Industrial Average declined 171.50 points, or 0.37%.

In the Asian markets, Japan’s Nikkei 225 was trading above by 0.19%, whereas Singapore’s Straits Times dipped by 0.18%. Hong Kong’s Hang Seng and the Shanghai Composite were up by 0.04% each, while South Korea’s KOSPI was down by 0.04%.

In yesterday’s session, the Sensex was down 386.47 points or 0.47% at 81,715.63, and the Nifty declined 112.60 points or 0.45% at 25,056.90. 

Stocks in focus:

Tata Steel: The company has invested Rs 4,054.66 crore in its overseas unit, T Steel Holdings Pte. Ltd. (TSHP), a wholly-owned subsidiary, acquiring 457.7 crore shares. 

YES Bank: The Bank has reported that Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has increased its shareholding in the lender by an additional 4.22%.

Anant Raj Limited - Crisil has revised ratings on the bank facilities of the company. Infomerics Valuation and Rating Private Limited (''IVR") has assigned its ratings on long bank loans and short bank loans as IVR BBB/Stable (IVR Triple B with Stable Outlook) and IVR A3+ (IVR A Three Plus). 

Waaree Energies Limited - The company has made an investment amounting to ₹300 crores in Waaree Energy Storage Solutions Private Limited, a wholly-owned subsidiary of the Company, through a rights issue. 

AWL Agri Business Ltd - The company has signed a Memorandum of Understanding (MoU) with the Solvent Extractors’ Association of India (SEA) and Solidaridad Regional Expertise Centre (SREC) to advance the Regenerative Mustard Mission – Sustainable Mustard Farm Project. Under this collaboration that will be in force till August 2027, 3,000 mustard model farms will be established in nine districts across the country, including Rajasthan, Madhya Pradesh and Haryana, scaling up from the existing 1,500 farms.

Highway Infrastructure - The company has been awarded for the operation of the Chotiya Fee plaza with paved shoulder from Katghora to Shivnagar in the state of Chhattisgarh. The Company is scheduled to take over the Fee Plaza on October 11, 2025. The contract value of the said project is ₹31,07,77,777/-.