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The benchmark indices continued their downward momentum, ended the session in red.
Indian equity markets indices Senex and Nifty stayed under selling pressure for a fifth consecutive day ending Thursday’s session on a negative note.
At the closing bell on Thursday, the BSE Sensex closed lower by 556 points (down 0.6%).
Meanwhile, the NSE Nifty closed 166 points lower (down 0.6%).
Bharat Elec, Bharti Airtel, Axis Bank among the top gainers today.
Trent, Power Grid Corp, Tata Motors 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 0.7% lower and BSE SmallCap index ended 0.7% lower.
Sectoral indices were trading negative today on Thursday with stocks in realty sector and auto sector witnessed selling pressure.
Speaking of stock markets, Research Analyst at Equitymaster, Raul Shah highlights the volatility in Motilal Oswal Financial Services’ profit numbers, which have swung dramatically in recent years.
Despite these swings, he stresses that the company’s core business has grown impressively at 32% annually.
He recommends separating the operating business and investment book to get a clearer valuation of the company’s true worth. He believes the financialization trend in India offers long-term growth potential, making the company a strong player despite market risks.
Tune in for more…
Top buzzing stocks today
Maharashtra Seamless shares price will be in focus today.
Shares of Maharashtra Seamless came in focus after securing a domestic order for the supply of seamless pipes to the oil and gas industry valued at around Rs 2.5 billion (bn).
The domestic entity’s award of the order represents a major victory for the company in the energy infrastructure market.
KPI Green Energy shares will also be a top buzzing stock.
Shares of KPI Green Energy came in focus following the company’s Rs 32 bn sanction from State Bank of India, which included both fund-based and non-fund-based facilities.
The approval will help finance the construction of two projects in Gujarat that together account for more than 1 GWp of the company’s portfolio of Independent Power Producers (IPPs).
Optiemus Partners with Nothing for Smartphones
Shares of Optiemus Infracom came into focus after the company signed a joint agreement with Nothing Electronics for carrying out the business of manufacturing electronic products of Nothing and CMF.
Nothing is a technology company based in the United Kingdom that produces smartphones. Delivering exquisitely designed products with an unaltered user experience in a market that has long been predictable and ignored is the goal of CMF, a design-led sub-brand of Nothing.
With India serving as its operational, R&D, and manufacturing base, CMF will now function as an independent subsidiary.
Over the next three years, Nothing and Optiemus will invest more than $100 million and generate over 1,800 jobs in India as part of the joint venture. Nothing has so far contributed more than $200 million to the nation. Through the JV, India will become a major hub for the production and export of Nothing and CMF goods worldwide.
Optiemus Infracom is an electronics manufacturing company in India, offering end-to-end solutions to global and local brands.
Poly Medicure Expands with Citieffe Acquisition
Shares of Poly Medicure came into focus after it announced its decision to fully acquire Italy-based Citieffe Group at an enterprise value of Rs 3.4 bn.
The deal involves purchasing a 100% stake in Medistream SA, which includes Citieffe SRL and its subsidiaries in the US and Mexico.
According to the company, this acquisition gives Poly Medicure a foothold in the sizable worldwide orthopaedics market, specifically in the trauma and extremities sector, which is the most resilient and rapidly expanding orthopaedics category.
According to the statement, Citieffe is a manufacturer based in Italy that specialises in the orthopaedic trauma and extremities market. It has distribution in more than 25 countries and direct presence in Italy, the US, and Mexico.
Gujarat Pipavav Gets ONGC Contract Deal
Shares of Gujarat Pipavav came into focus after the company announced that it has received a letter from ONGC, awarding it a contract to provide port and storage facilities at Pipavav Port for five years, starting 1 October 2025.
As ONGC establishes its offshore supply base at the port, Gujarat Pipavav will provide marine support and storage facilities.
Gujarat Pipavav Port, situated on the southwest coast of Gujarat and run by APM Terminals, is the country’s first private port. The port, which was built using a Public-Private Partnership (PPP) model, is an important entry point for India into important international markets, such as those in the US, Europe, Africa, the Middle East, and the Far East.
To know what’s moving the Indian stock markets today, check out the most recent share market updates here.
For information on how to pick stocks that have the potential to deliver big returns,
Indian Share Market Update: Top Gainers and Losers