Sensex, Nifty likely to open at record high

NSE benchmark Nifty 50 index is set to open at a record high on Tuesday as investor sentiment remains upbeat on the back of strong domestic growth and rising foreign inflows, while traders eye Adani Green Energy as it deepens ties with France's TotalEnergies.

The GIFT Nifty was trading at 25,365.5 points as of 8:04 am, indicating the NSE Nifty 50 will open higher than its previous close of 25,278.7.

India's benchmark indexes had hit all-time highs in the previous session. The Nifty 50 has posted a record 13-day rising streak.

Asian shares eased as investors eyed a data-packed week in the US, which could determine whether the Federal Reserve rate cut expected this month will be regular or super-sized.

"Fund inflows - both domestic and global - are helping the current trajectory of the Nifty," Deepak Jasani, Head of Retail Research at HDFC Securities, said.

"Any sharp correction may have to wait till the second half of September."

Foreign institutional investors were net buyers on Monday, purchasing shares worth Rs 1,735 crore. Domestic investors net bought stocks worth Rs 356 crore.

Renewable energy firm Adani Green Energy and French oil major TotalEnergies will form a new joint venture with a $444 million investment, the Indian company said on Monday.

Stocks to Watch

Hindustan Aeronautics: Cabinet Committee on Security approved procurement of aero-engines from Hindustan Aeronautics at a cost of over 260 billion rupees.

ICICI Bank: Company said it did not pay any salary or grant employee stock options to the current markets regulator chief Madhabi Puri Buch after she left the bank, other than the retirement benefits.

Vedanta: Anil Agarwal-backed miner approved third interim dividend for fiscal 2025 at 20 rupees apiece, amounting to Rs 7,821 crore.