Stock Market LIVE: Kotak Bank’s 1.62% Equity Traded In 31 Block Deal

Kotak Mahindra Bank Ltd.’s 1.62% equity traded in a 31 block deals.

Sumitomo Mitsui Banking Corp, the public shareholder of Kotak Mahindra Bank Ltd, is likely to exit the company through a Rs 6,166.4-crore deal in the open market, according to a term sheet accessed by NDTV Profit on Tuesday.

Rupee Opens Weaker Against US Dollar

  • Rupee opened 3 paise weaker at 88.14 against US dollar

  • It settled at 88.11 on Tuesday

Source: Bloomberg

Gold Price Hits Record High At Rs 1,09,440

Gold prices extended its rally to hit a new record high at Rs 1,09,440 per 10 gm on Wednesday, according to the India Bullion Association, compared to Rs 1,08,900 on Tuesday. The prices recently crossed the Rs 1,08,000-mark, since then, the yellow metal surged over Rs 1,400 to hit a fresh record.

Kotak Mahindra Bank Block Deal: Sumitomo Mitsui Banking Corp Likely To Exit Via Rs 6,166-Crore Stake Sale

Sumitomo Mitsui Banking Corp, the public shareholder of Kotak Mahindra Bank Ltd, is likely to exit the company through a Rs 6,166.4-crore deal in the open market, according to a term sheet accessed by NDTV Profit on Tuesday.

SMBC will sell 3.28 crore shares, representing a 1.65% stake, in multiple deals on Wednesday. The offer price has been set at Rs 1,880 per share, indicating a 4.1% discount to the current market price of Rs 1,960.4.

SMBC held a 1.65% stake in the company as of June 2025, according to the BSE data.

Stock Market LIVE: Mtar Tech Gets Orders Worth Rs 386 Crore

Mtar Technologies received orders worth Rs 386 crore from Bloom Energy Corp in the clean energy sector, the company said in the exchange filing.

‘Not Worried’ About Market’s Immediate Reaction To GST Reforms, Says Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said she is not concerned about the short-term reaction of markets to India’s sweeping GST reforms, emphasising that global uncertainty is dominating investor sentiment at present.

“Markets always react to so many different factors… global uncertainty is definitely dominating their thoughts,” the FM noted at the NDTV Profit GST Conclave. While she tracks the market, she said the success of reforms cannot be measured by day-to-day movements. “I don’t think I am worried about the immediate reaction from the markets,” she added.

Stock Market LIVE: Why Do We Need To Invest In Infrastructure Beneath Foundation Models

Foundation models or big AI systems like GPT‑4 (for generating and understanding text and images), BERT (for making sense of sentences) and Stable Diffusion (for crafting vivid visuals) all share something powerful: they’re trained using self‑supervised learning on massive unlabeled data. Meaning they learn patterns by predicting parts of the data themselves. Because of this broad training, a single foundation model can adapt to many different tasks like writing, image creation, or analyzing code — with just a little extra fine-tuning.

India, US To Resume Trade Negotiations Soon

  • India, US to head back to negotiations as tensions ease

  • Cancelled visit by US trade negotiators to New Delhi to be rescheduled, to take place soon

  • Earlier, sixth round of talks were to happen between Aug. 25-29, but were pushed amid tariff tensions

  • Both sides still hopeful that a deal could be made by fall deadline (September-October) for the first tranche of bilateral trade agreement

  • India to stick to its red lines on agri, dairy to protect interests of MSMEs, farmers, livestock holders and fishermen

Sources: People In The Know

Stock Market LIVE: Amber Enterprises Price Target Hiked At Goldman Sachs

Goldman Sachs has hiked the target price for Amber Enterprises Ltd., highlighting the company’s entry and expansion into the Printed Circuit Board (PCB) manufacturing sector as a transformative growth lever.

In a latest note, Goldman Sachs has maintained a ‘Neutral’ rating on the stock while hiking the 12-month target price from Rs 6,950 to Rs 7,330.

The brokerage firm expects PCB manufacturing to contribute as much as 12% to Amber Enterprises’ consolidated revenue as well as a staggering 26% Ebitda margin by FY30.

Asia Market LIVE Update: Nikkei 225 And CSI 300 Rise 

Markets in Asia-Pacific gained, tracking an overnight record rally on Wall Street.

The CSI 300 was trading 0.13% higher after data showed that inflation in China 0.4% on the year in August.

The Nikkei 225 and KOSPI were trading 0.35% and 1.51% higher, respectively as of 7:47 a.m.

US Market Update: S&P 500 And Nasdaq 100 Futures Continue To Rise 

The S&P 500 and Nasdaq 100 futures continued to rise in Asia session. S&P 500 hit a record high in the previous session as investors hoped for rate cuts in the US.

The S&P 500 and Nasdaq 100 futures were trading 0.21% and 0.12% higher respectively as of 7:44 a.m.

LIVE: GIFT Nifty Hints At Tepid Open; Bajaj Auto, M&M, Godrej Properties In Focus

The GIFT Nifty was trading 0.12% or 30.50 points higher at 24,981 as of 6:30 a.m.. This indicated a positive open for the NSE Nifty 50 with a slight negative bias.

Bajaj Auto Ltd., Mahindra & Mahindra Ltd., Godrej Properties Ltd., Maruti Suzuki India Ltd., and HEG Ltd. were in focus.

The benchmark equity indices ended higher on Tuesday, led by the share price of Infosys Ltd. Both the indices closed 0.39% higher.

The NSE Nifty 50 settled 95.45 points higher at 24,868.6 and the BSE Sensex closed 314.02 points up at 80,101.32.

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