Indian finance updates today are heading into Tuesday’s session with a cautious bias as GIFT Nifty points to a weaker opening, while crude oil above $90 a barrel, renewed US-Iran tensions, global bond yields and foreign fund flows remain key market drivers. The Nifty 50 closed at 24,080.40 on Monday, down 0.39%, while the Sensex fell 0.40% to 76,957.27. At the same time, India’s economy delivered a stronger-than-expected 7.8% GDP growth in Q1 FY27, while foreign investors poured $3.1 billion into Indian equities in August, the strongest monthly inflow in nearly two years.

Happiest Minds and ITC Infotech Announce Major Merger

Happiest Minds Technologies is among the biggest corporate developments in focus today after approving a merger with ITC Infotech. The transaction is aimed at creating a scaled, AI-first technology services business targeting $1 billion in revenue by FY28. ITC Infotech will also acquire a 22.1% stake in Happiest Minds for around Rs 1,329.7 crore. Under the proposed share-swap arrangement, Happiest Minds shareholders will receive 25 ITC Infotech shares for every 81 shares held.

The deal is expected to create a broader technology-services platform covering artificial intelligence, digital engineering, cloud, data, cybersecurity and consulting. Happiest Minds has also scheduled an investor and analyst call today to discuss the transaction.

Milky Mist Reports Sharp Q1 Profit Growth

Milky Mist Dairy Food has reported a strong June-quarter performance, with consolidated revenue rising 43.6% year-on-year to Rs 973.4 crore. Net profit jumped nearly tenfold to Rs 64.7 crore from Rs 6.5 crore, while EBITDA increased 77% to Rs 144 crore. The EBITDA margin expanded to 14.8% from 12% a year earlier.

Milky Mist’s management is scheduled to discuss the quarterly performance with analysts. Whole-time Director and CEO of Milky Mist, Dr K. Rathnam, Chairman and Managing Director T. Sathishkumar and CFO Biswajit Mishra are expected to participate in the earnings discussion. Rathnam has highlighted the changing preferences of Indian dairy consumers and the company’s expanding portfolio across categories such as paneer, cheese, yoghurt and ice cream.

EPL Faces Major Stake-sale Development

EPL is also expected to remain on the radar after reports that Blackstone-owned Epsilon Bidco may sell up to a 26.38% stake through a block transaction estimated at around Rs 1,985 crore. The proposed deal could bring a significant change in the company’s shareholding structure and is likely to attract institutional investor attention.

E2E Networks Enters Major AI Infrastructure Deal

E2E Networks has signed a binding term sheet with an India-based sovereign AI company for supplying NVIDIA Blackwell cloud GPUs and related services. The contract is valued at approximately Rs 1,000 crore and is valid through June 2029. The development places the cloud-computing company in focus as demand for domestic AI infrastructure continues to expand.

PVR INOX approves Rs 300-crore Buyback

PVR INOX has approved a Rs 300-crore share buyback involving 20.69 lakh equity shares at Rs 1,450 per share. The record date has been fixed for September 4, 2026. The buyback is expected to remain an important stock-specific trigger as investors assess the company’s capital-allocation strategy.

Also Read: Stock Market Weekly Report: Sensex and Nifty End Week Lower

Markets Face Weak Opening

Stock market today is expected to begin Tuesday on a subdued note. GIFT Nifty was indicating a decline of around 33 points at 24,193 in early trade. Asian markets were also largely lower, while global investors remained concerned about oil prices, geopolitical tensions and rising US Treasury yields.

Crude oil crosses $91

Brent crude rose to around $91.05 a barrel on Tuesday after renewed US-Iran military tensions revived concerns about supply disruptions and shipping through the Strait of Hormuz. Higher oil prices remain a major concern for India because they can increase the import bill, put pressure on the rupee and complicate the inflation outlook.

Rupee Strengthens to Four-week High

The Indian rupee ended Monday at Rs 95.16 per dollar, gaining 21 paise and reaching its strongest level since August 5. Equity-related inflows and Reserve Bank of India intervention supported the currency. The rupee also opened around Rs 95.01 on Tuesday, strengthening further in early trade.

Foreign Buying Reaches 23-month High

Foreign portfolio investors turned strong buyers of Indian equities in August, investing about $3.1 billion during the month. This marked the largest monthly inflow in almost two years and represented a notable turnaround after several months of heavy foreign selling. MSCI-related flows also contributed to market activity during the month-end rebalancing.

India’s GDP grows 7.8%

India’s real GDP expanded 7.8% in the April-June quarter of FY27, exceeding the Reserve Bank of India’s earlier 7% projection. Strong services, manufacturing and investment activity supported growth, providing a positive backdrop for the domestic economy despite global uncertainties and elevated energy prices.

Fiscal Deficit Reaches 26.8% of Annual Target

India’s fiscal deficit for April-July has reached 26.8% of the full-year target, according to the latest economic updates. Investors will continue monitoring government spending, revenue collection and borrowing requirements as the financial year progresses.

IPO Market Remains Active

The primary market continues to attract investor attention. Rays of Belief has opened its Rs 125-crore mainboard IPO today, with the issue priced at Rs 227–Rs 239 per share and closing on September 3. Deepa Jewellers and several SME offerings are also entering the market, while Priority Jewels, ESDS Software Solution and other issues are completing their subscription windows.

Market Outlook

Indian markets are likely to remain volatile and stock-specific today. Strong economic growth and the sharp August recovery in foreign equity flows provide a positive domestic backdrop, but crude oil above $90, renewed Middle East tensions, higher global bond yields and continued FII selling pressure in individual sessions could restrict gains.

At the company level, Happiest Minds, ITC Infotech, Milky Mist, EPL, E2E Networks and PVR INOX will remain in focus, while investors track corporate deals, Q1 earnings and capital-market activity. The rupee, crude oil, foreign flows, GDP data and global market cues are likely to determine the broader direction through Tuesday’s trading session.