Sensex, Nifty to open on a muted note following mixed global cues; Tata Steel, JSW Infrastructure shares in focus

The Indian benchmark indices continue their streak of starting on a tepid note amidst mixed global cues. A fresh set of tariffs of 10% on lumber imports, along with 25% on kitchen cabinets, will be in effect from October 14. On January 1, 2026, these tariffs will double if countries do not reach an agreement with the US. The US Government is on the verge of a shutdown, as the Democrats and the Republicans have made no progress on funding for healthcare. 

Meanwhile, the Asian markets were trading mixed in today’s session. China recorded a lower manufacturing activity for six consecutive months in September. Japan’s Nikkei 225 was down by 0.18%, whereas the Shanghai Composite was up by 0.25%. South Korea’s KOSPI and Hong Kong’s Hang Seng traded flat with a 0.01% increase. 

The Wall Street ended in the green, with the S&P 500 rising 0.26%, and the Nasdaq Composite by 0.48%. The Dow Jones Industrial Average, on the other hand, gained 0.15%. 

On the domestic front, the Gift Nifty Futures index was trading marginally above its previous close. At 8.20 am, the Gift Nifty Index was up by 16 points, or 0.06%, at 24,824.  

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 24,818.70.

Stocks in focus today:

Tata Steel - The company and its subsidiary, Tata Steel Nederland (“TSN”), have signed the non-binding Joint Letter of Intent with the Government of the Netherlands and the Province of North-Holland on the ‘Integrated Decarbonisation and Health measures Project’.

JSW Infrastructre - Ennore Coal Terminal Private Limited, a subsidiary of the company, has received a Show Cause Notice (‘SCN’) dated 26th September, 2025, from the Joint Commissioner, Office of the Commissioner of GST and Central Excise, Audit-II Commissionerate, Chennai, Tamil Nadu. JSW Infrastructure clarified that there is no material impact on the company's financial, operational, or other activities in the exchange filing.

Titan. - The company declared in its exchange filing that ICRA has withdrawn the credit rating assigned to the Commercial Paper (CP) issuance of Rs. 2,500 crore with an outstanding rating of [ICRA] A1+, as the rated CPs have been entirely redeemed and no amount is outstanding against the instruments. 

Bombay Dyeing - Vinay Singh Kushwaha, Chief Operating Officer of Bombay Realty, has resigned from the company's services due to critical and unavoidable personal family circumstances. 

Gujarat Gas Limited - The company, in an exchange filing, said that CareEdge, a rating agency, has reaffirmed its AAA; Stable / CARE A1+ rating for a Rs 2,900.00 crore bank instrument. 

AllCargo Gati - The distribution company has announced an average 10.2% General Price Increase (GPI) effective January 1, 2026, for its express distribution services. “The revision reflects the need to balance rising operational costs while enabling continued investments in infrastructure, technology, and customer service excellence,” the release stated.