Nifty 50 slipped 213.70 points (−0.85%) to close at 24,870.10. Bank Nifty dropped 606 points (−1.09%) to 55,149.40, while the Sensex fell 693.86 points (−0.85%) to settle at 81,306.85.
- US Markets – Dow Jones Futures: Trading higher at 44,936.81 (+0.34%), showing strength with a very bullish outlook.
- European Markets
- FTSE: Flat at 9,309.75 (+0.01%), steady performance with a very bullish technical outlook.
- CAC: Trading up at 7,951.60 (+0.17%), modest gains keeping trend very bullish.
- DAX: Slightly higher at 24,307.60 (+0.06%), maintaining a very bullish long-term trend.
Global events/updates:
- Proposal on GST fertilizers to be reduced to 5% from 18%.
- The Indian government has launched the Design Linked Incentive (DLI) scheme to promote innovation in semiconductor design. The scheme aims to support domestic companies, startups, and MSMEs in the semiconductor sector. Under this initiative, 23 chip-design projects have been approved under this scheme.
- Insurance Regulatory and Development Authority of India(IRDAI)may cap health insurance premium hikes
- Gaming companies are seeking clarification from the government on the Online Gaming Bill regarding:
- Time needed to process refunds if financial transactions are barred immediately.
- Whether existing games can continue without money play.
- If subscriptions can be used for non-money-based games.
- Whether in-app purchases for social gaming are allowed.
Stock news
Oriental Rail Infrastructure Ltd: Oriental Rail Infrastructure’s wholly owned subsidiary, Oriental Foundry Private Limited (OFPL), has received a Letter of Acceptance from the Ministry of Railways, Government of India, for supplying Constant Side Bearers (CCSB) for BG Bogie Wagons. The order is valued at around Rs. 60 crores.
Lokesh Machines Ltd: The company has filed with the U.S. OFAC to remove its name from the sanctions list. This move could reopen global trade opportunities and lift investor confidence.
Brahmaputra Infrastructure Ltd: Successful Testing of Tall Bridge Construction of Foundation and Substructure for Tall Bridge No. 161-162-163 at Km 42.36 in Connection with the Bhairabi-Sairang New Broad Gauge Railway Line of a contract value of Rs. 116.59 Crores in a JV.
Ircon International Ltd: The company secured an order worth Rs 510.46 Crores from Meghalaya Infrastructure Development & Finance Corporation Limited, Shillong, Meghalaya, for the Construction of Eklavya Model Residential Schools at eight different locations in the state of Meghalaya.
Choice International Ltd: Subsidiary of Choice International Ltd., has secured projects worth ₹140 crores across housing, agriculture, MSME, urban development, and water management in multiple states.
Ashoka Buildcon Ltd: Received a Letter of Acceptance for a North Western Railway, Jaipur project worth ₹499.95 crore. The 24-month project involves the upgradation of the electric traction system and OHE modifications across multiple Jaipur Division sections, strengthening the company’s infrastructure portfolio.
- Titagarh Rail Systems: Received order worth Rs. 467 cr from GRSE.
- Foseco India: Ltd: To acquire 75% equity of Morganite Crucible for Rs. 654 cr.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Netweb Technologies India Ltd. (12.1%) | Godfrey Phillips India Ltd. (-5.1%) |
| Aditya Birla Fashion and Retail Ltd. (7.7%) | JK Cement Ltd. (-4.3%) |
| Vodafone Idea Ltd. (7.2%) | India Cements Ltd. (-3.9%) |
| Godawari Power & Ispat Ltd. (6.5%) | LT Foods Ltd. (-3.4%) |
| Zee Entertainment Enterprises Ltd. (5.4%) | Hyundai Motor India Ltd. (-3.4%) |
Conclusion
The sharp decline in benchmark indices indicates prevailing market volatility and cautious investor sentiment, with selling pressure seen across banking and heavyweight stocks.
Written by Manideep Appana
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