On Thursday, 959 stocks advanced, 3018 declined and 140 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.31 indicating a negative closing in the broader market. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 35 securities advanced and closed at a new 52-week high whereas 43 securities sank to close at their new 52-week lows. Nifty PSU Bank, Nifty Media and Nifty Metal were among the biggest losers. Nifty Auto was the only gainer.
LTIMindtree (-1.51%) launched BlueVerse, an AI ecosystem aimed at accelerating enterprise AI adoption with ready-made solutions for marketing and customer engagement. The platform includes a no-code AI agent builder to strengthen its position in the growing digital transformation market.
International travel demand had taken a sharp hit, with new bookings down 30–35% as safety concerns mount. Air India witnessed 20–25% flight cancellations over the past six days, further driving up travel package costs due to last-minute changes and disruptions.
Tata Technologies (-2.02%) was chosen by Volvo Cars as a strategic supplier, expanding their established collaboration. The partnership will focus on product engineering, embedded software, and Product Lifecycle Management (PLM) services.
Paytm (-2.61%) filed a compounding application with the RBI to resolve a Rs611 crore FEMA violation case, aiming to avoid enforcement action by the ED. The company has also requested the ED to pause adjudication while the RBI reviews the matter, which ultimately holds the discretion to compound the alleged breach.
The Directorate General of Trade Remedies (DGTR) launched anti-dumping investigations into key imports impacting Indian players. It initiated a sunset review of the anti-dumping duty on fluoroelastomer imports from China. As a key domestic producer, Gujarat Fluorochemicals stands to benefit if the duty is extended, with the review set to determine whether continued protection is warranted to prevent market disruption. Probe initiated on Para Nitro Toluene imports from the EU, aiming to curb unfair pricing. As a major domestic producer, Aarti could benefit from potential duties that may enhance margins and competitiveness. Investigation begins on TPU-based protection film imports from China. If duties are imposed, it may support domestic pricing power and shield Garware from low-cost competition.
Marksans Pharma's (-0.88%) UK arm, Relonchem secured UKMHRA approval for its Oxybutynin Hydrochloride 2.5mg/5ml Oral Solution. This regulatory nod not only broadens its footprint in the urology space but also reinforces its portfolio across key regulated markets like India, the UK, and the US.
Krishana Phoschem’s (+0.48%) board approved the establishment of a new manufacturing facility in Meghnagar, Jhabua, Madhya Pradesh, featuring a 500 TPD DAP/NPK fertilizer plant and a 300 TPD sulphuric acid unit. Funded through a mix of debt and internal accruals, this move marks the company’s strategic foray into fertilizer-linked manufacturing, enhancing its presence in the agri-inputs value chain.
MTAR Technologies (+1.55%) secured a 10-year export contract with Weatherford Products GMBH, expected to generate Rs10 crore in FY25-26 and scale to around Rs90 crore annually from FY26-27 onward. The long-term agreement, centered on supplying whipstock assemblies and other critical components, will be fulfilled from MTAR’s upcoming Adibatla facility, which is scheduled to commence operations by June 2026. This deal reinforces MTAR’s global footprint in precision-engineered oilfield equipment.
KPI Green Energy (-2.65%) subsidiary, Sun Drops Energia, won 36.87 MW solar project orders under the Captive Power Producer segment. These domestic orders, guided by Gujarat’s regulatory policies, are set for phased rollout in FY25-26.
Ashoka Buildcon (-2.79%) bagged a $67.25 million contract from the Government of Guyana for Phase 2 of the East Bank–East Coast Road Linkage Project, covering the Eccles to Providence stretch. Set to be executed over 18 months.
ICICI Bank, Axis Bank, and Mastercard may exit their partnerships with DreamFolks to engage directly with airport lounge operators. The move follows a major service disruption on 22 September 2024. The development signals potential client attrition, posing risks to DreamFolks’ revenue and aggregator-based business model.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
