Bank Nifty began the day at 55,832.35, Sensex opened at 81,699.94, dropping 708.23 points or 0.86% and GIFT Nifty started at 24,939.50, compared to its previous close of 25,022.50.
Global Indices
- DOW 30 rose slightly by 35.16 points to close at 42,206.80, gaining 0.08%.
- S&P 500 declined by 13.03 points, ending at 5,967.84, down 0.22%.
- NASDAQ dropped 98.86 points to settle at 19,447.40, a loss of 0.51%.
- FTSE 100 slipped by 17.15 points, closing at 8,774.65, down 0.20%.
- DAX posted a strong gain of 293.17 points to reach 23,350.60, up 1.27%.
- NIKKEI 225 fell by 85.11 points to finish at 38,403.20, a decline of 0.22%.
Commodities Update
- Gold: Currently trading at ₹10,074 per gram.
- Silver: Down by ₹0.10, now at ₹109.90 per gram.
- Crude Oil: Prices have declined by 1.24%, reaching 78.13, compared to the previous close of 77.17.
Global events
US Joins Israel in Strikes on Iran’s Nuclear Sites
The United States launched coordinated airstrikes on three key Iranian nuclear facilities, which are Fordow, Natanz, and Isfahan, early Sunday, using B-2 stealth bombers equipped with bunker-buster bombs.
President Trump declared the sites “completely obliterated” and warned of further action if Iran continued hostilities. However, independent verification of the damage remains unavailable, with Iran insisting its nuclear program is intact.
In retaliation, Iran fired missiles at Israel and threatened U.S. assets in the region, calling the strikes a breach of international law. A senior Iranian advisor also called for a blockade of the Strait of Hormuz, targeting Western shipping routes.
Israeli Prime Minister Netanyahu hailed the U.S. intervention as a major step in curbing Iran’s nuclear ambitions, showcasing unprecedented U.S.-Israel military coordination.
Stock to watch
- IT stocks in focus as Accenture shares plunged 11% even after surpassing Q3 revenue expectations, while Infosys ADRs declined by 3%.
- Godrej Properties: Co. sells homes worth over ₹2,000 crore at the launch of its project Godrej MSR City in Bengaluru.
- NLC India: Co. unit has secured LOA from Tamil Nadu Green Energy Corporation Ltd for the development of three standalone BESS projects with a combined capacity of 250 MW / 500 MWh.
- Embassy Development: Signs joint development agreement (JDA) for 17.9 acres of land in Bengaluru, estimated GDV at ₹1,600 crore.
- Hindustan Aeronautics: The company became a successful bidder for the manufacturing and design technology of the Small Satellite Launch Vehicle, developed by ISRO.
- Tata Consultancy Services: The company set up two new automotive delivery centres in Germany and an engineering centre in Romania.
- Adani Ports and Special Economic Zone: The company’s arm Adani Logistics enters into a JV termination agreement with Riddhi Infocom to sell 49% stake in Veracity. Veracity is a JV between Adani Logistics & Riddhi. Adani Logistics continues holding a 1% stake in Veracity.
- Waaree Renewable: Solar EPC order has been revised upwards by Rs 247 crore to Rs 1,480 crore.
- NTPC: The company is to issue up to Rs 18,000 crore NCD’s through private placement. It will also declare commercial operation of 2nd and last part capacity of 52 MW out of 245 MW of Rajasthan plant.
- Interarch: The company has secured an order from Ather Energy Ltd. for Rs 80 crore.
- Bharat Electronics: The company secured additional orders worth Rs 585 crore. Major orders received include fire control and sighting systems for missiles, communication systems, electronic jammers, spares, services etc.
Written by Manideep Appana
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