Asian markets traded lower on Tuesday as concerns over renewed armed conflict in the Middle East weighed on investor sentiment.
Stock futures were largely muted on Monday night after Wall Street closed lower in the previous session, although the major US indices still ended August with monthly gains.
Here's a table showing how US stocks performed on Monday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
Alphabet | 335.41 | -7.47 | -2.18% | 340.63 | 333.43 | 404.47 | 206.96 |
Apple | 316.85 | -2.85 | -0.89% | 321.24 | 312.8 | 344.57 | 225.95 |
Meta | 572.34 | -5.68 | -0.98% | 578.67 | 569.14 | 790.8 | 520.26 |
Tesla | 367.95 | 19.2 | 5.51% | 368.92 | 347.15 | 498.82 | 297.38 |
Netflix | 81.05 | -0.67 | -0.82% | 81.73 | 80.65 | 126.71 | 65.08 |
Amazon | 259.77 | -6.66 | -2.50% | 264.36 | 257.12 | 287.2 | 196 |
Microsoft | 507.29 | -6.24 | -1.22% | 512.19 | 506.39 | 553.72 | 349.2 |
Dow Jones | 53185.9 | -374.09 | -0.70% | 53462.6 | 53123.6 | 54744.33 | 44948.16 |
Nasdaq | 29457 | 23.54 | 0.08% | 29483.9 | 29304.5 | 30762.2 | 22841.42 |
Source: Equitymaster
At present, the BSE Sensex is trading 129 points lower, and NSE Nifty is trading 52 points lower.
ITC, HCL Tech, Infosys among the top gainers today.
SBI, Titan Company, Bajaj Finance on the other hand is among the top losers today.
The BSE 150 Midcap index is trading 0.4% lower, and the BSE 250 SmallCap index is trading 0.1% lower.
The rupee is trading at Rs 94.9 against the US dollar.
E2E Networks Wins Sovereign AI Deal
E2E Networks has signed a binding term sheet with an India-based Sovereign AI company for NVIDIA Blackwell cloud GPUs and allied services.
The deal has an aggregate contract value of approximately Rs 10 billion, excluding taxes, and runs through June 2029.
The agreement shifts E2E's Nvidia Blackwell capacity, deployed in May 2026, from a pay-as-you-go model to a long-term commitment.
This provides stronger multi-year revenue visibility and highlights growing demand for AI compute infrastructure in India.
GRT Jewellers Acquires 74% Stake in TBZ
GRT Jewellers India Private Limited (GRT) on August 31 announced that it has signed a Share Purchase Agreement (SPA) with the promoters of Tribhovandas Bhimji Zaveri Limited (TBZ) to acquire their 74.12% stake in the company for an aggregate consideration of up to Rs 10.34 bn.
The transaction is subject to necessary regulatory approvals and customary closing conditions. Following the completion of the acquisition, GRT will also launch an open offer to acquire an additional 26% stake in TBZ, in accordance with applicable SEBI regulations.
R Ananthapadmanabhan, Managing Director of GRT Jewellers, said the acquisition aligns with the company's strategy of expanding its presence across India, noting that TBZ currently operates 37 stores across the country.
TBZ Chairman and Managing Director Shrikant Zaveri said the jewellery business, which began 162 years ago as a single storefront in Mumbai's Zaveri Bazaar, has evolved across five generations into a network of 37 stores nationwide. He said the transition to GRT marks a new phase for the legacy brand, while expressing pride in its journey and continued growth.
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