Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
Image source: Thitima Uthaiburom/www.istockphoto.com
The benchmark indices continued their downward momentum, ended the session in red.
Indian equity markets indices witnessed a positive start and traded with marginal gains for most of the session as investors remained cautious amid hopes of US-India trade deal and FII selling pressure. However, the markets witnessed a late sell-off and settled in red.
At the closing bell on Thursday, the BSE Sensex closed lower by 170 points (down 0.2%).
Meanwhile, the NSE Nifty closed 48 points lower (down 0.2%).
Tata Steel, Asian Paints, UltraTech Cement among the top gainers today
Bajaj Finserv, Kotak Mahindra, HDFC Bank on the hand, were among the top losers today.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
The BSE MidCap index ended 0.1% lower and BSE SmallCap index ended 0.5% higher.
Sectoral indices were trading mixed on Thursday with stocks in oil & gas sector and healthcare sector were witnessing buying. Meanwhile stocks in metal sector and service sector witnessed selling pressure.
Speaking of the stock market, research analyst Richa Agrawal, in her latest video, shares insights that promoters often buy shares during market downturns, signalling strong confidence in their business. Since they have insider knowledge, their actions can reveal the company's true potential.
Even stronger than market buying is when promoters invest personal money directly into the business.
Let's dig deeper into this.
M&M Finance share price will be in focus today.
M&M Finance saw a 2.3% increase in shares after the company announced a small rise in the Q1FY26 disbursement.
Mahindra & Mahindra Financial Services (Mahindra Finance) reported a 1% increase in total disbursements to approximately Rs 128 billion (bn) in Q1FY26.
At about Rs 1,218 bn business assets increased by about 15% from June 2024. For Q1FY26, the estimated Collection Efficiency (CE) is 95%, compared to 94% in Q1FY25.
Alembic Pharma shares will also be a top buzzing stock.
Alembic Pharmaceuticals Inc., a fully owned subsidiary of Alembic Pharmaceuticals Ltd., has acquired Utility Therapeutics, to increase the variety of UTI medications it offers in the United States.
The deal is anticipated to be finalised within 30 days, and the acquisition cost is roughly $12 million.
The company wants to bring Utility's pipeline and FDA-approved products to the US market.
Shares of Bajel Projects gained after the company announced that it received a mega power order for a 400 kV transmission line project.
Orders between Rs 3 billion (bn) to Rs 4 bn are categorised by the company as mega orders.
The order is related to the Siwani-Jind 400 kV transmission line package TL04, which is part of the Bikaner Complex's REZ Phase IV transmission system. According to the company, Power Grid won the project through a tariff-based competitive bidding process.
Building a new 400kV transmission line, which is approximately 99km long, is part of Bajel Projects' scope of work.
Within 18 months, the engineering procurement and construction (EPC) contract must be finished.
A leading private company in the energy and power transmission industry awarded Bajel Projects a contract last week worth between Rs 1 bn to Rs 2bn.
In addition to supplying high-voltage equipment, tools, and materials, the project involves building two substations and installing, testing, and commissioning the equipment.
Arkade Developers Ltd. announced that it would become a wholly owned subsidiary of Filmistan Pvt Ltd. (FPL) after paying Rs 1.8 bn to acquire the entire stake in the latter.The execution of the acquisition's share purchase agreement was approved by the company's board of directors on Thursday.FPL manufactures, produces, distributes, and displays cinematographic films and images in India. With a turnover of Rs 18.87 lakh as of 31 March 2024, FPL has a net worth of Rs 5.54 lakh.According to Arkade Developers, the goal of the acquisition is to enable more seamless growth of operations in the real estate industry.
Creating upscale, elegant residential developments in Mumbai, Maharashtra, is the primary goal of Arkade Developers Limited, a real estate development company.
Shares of NACL Industries surged 5% after the CCI's approved Coromandel International, a Murugappa group company's majority stake acquisition. In the meantime, Coromandel International's stock ended Thursday's trading session down 1.3%.
Coromandel International gets CCI approval to acquire 53.13% stake in NACL Industries, buying over 10.68 crore equity shares from existing shareholders.
In addition, CCI has authorised Coromandel International to acquire 5,500 equity shares of Agro Life Science Corporation and NACL Industries from Krishi Rasayan Exports. One well-known participant in the agrochemical market is NACL Industries. One of the leading agrochemical companies in India, the company has a well-established presence throughout the country.
In just four months following Coromandel International's acquisition offer, NACL Industries' stock price has more than doubled due to optimism regarding the company's possible recovery.
Offering a wide range of goods and services along the farming value chain, Coromandel International Limited is India's first and foremost supplier of agri-solutions. Fertilisers, Speciality Nutrients, Crop Protection, and Retail are the company's business segments.
To know what's moving the Indian stock markets today, check out the most recent share market upd ates here.
For information on how to pick stocks that have the potential to deliver big returns, download our special report now!
Read the latest Market Commentary