The Nifty 50 ended the session at 24,793.25, down by 18.80 points or 0.08%. The Bank Nifty declined 251.30 points to close at 55,577.45, registering a 0.45% loss. Meanwhile, the Sensex settled at 81,361.87, falling 82.79 points or 0.10% for the day.
Global/Domestic Events/Updates:
The Israel-Iran conflict intensified Thursday as Iranian missiles hit southern Israel, damaging a major hospital. In response, Israel struck Iran’s Arak nuclear facility and vowed to escalate attacks on strategic targets, citing Iran’s assaults on civilian areas.
During a test in Texas, a SpaceX Starship prototype exploded, creating a huge fireball and destroying the spacecraft. The incident disrupted ongoing preparations for the rocket system’s planned tenth test flight.
Major News:
Following the Air India crash in Ahmedabad, the aviation ministry has drafted new rules to control obstacles near airports and enforce height limits in aerodrome zones. These will take effect once published in the official gazette.
Indigo: Co says flight 6E 2006 operating from Delhi to Leh today, returned to origin due to a technical issue, which caused operational restrictions to land in Leh
Air travel bookings have dropped 30–35% amid rising safety concerns, with Air India reporting a 20–25% spike in cancellations after a recent crash. Last-minute changes are also pushing up international travel costs.
India has met its 10% ethanol blending target ahead of time and now targets 20% by 2030. This move is set to benefit ethanol-linked stocks like Balrampur Chini, with biofuels and green hydrogen key to India’s $7–10 trillion economic vision.
Stock news:
- Ashoka Buildcon: Secures Rs. 582 crore road project in Guyana.
- Uno Minda: Co to invest Rs 210 cr in new Aurangabad casting unit to meet rising EV parts demand.
- KPI Green: Co unit gets new order for 37 MW solar power project.
- MTAR Tech: Enter a 10yr contract with Weatherford for Rs. 90cr of orders annually starting from FY27.
- Brand Concepts Limited: Stock skyrockets 16% after partnering with Sportlux to bring Off-White™ fashion brand to India.
Top gainer/ Top loser (Nifty 500)
| Top gainers | Top Losers |
| Aegis Logistics Ltd. (3.4%) | Brainbees Solutions Ltd. (-6.3%) |
| Vishal Mega Mart Ltd.(2.6%) | Inventurus Knowledge Solutions Ltd.(-5.5%) |
| Swiggy Ltd.(2.4%) | Cyient Ltd. (-5.3%) |
| Tata Consumer Products Ltd. (2.2%) | Reliance Power Ltd. (-5.0%) |
| Biocon Ltd.(1.9%) | Happiest Minds Technologies Ltd.(-4.9%) |
Conclusion:
Markets ended on a muted note, with all key indices closing in the red amid cautious investor sentiment. While Nifty and Sensex saw marginal declines, the Bank Nifty underperformed with a sharper fall, reflecting pressure in the banking sector. Overall, the session indicated a pause in momentum as traders await further cues.
Written by Manideep Appana
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