On Tuesday, 1,466 stocks advanced, 2,506 declined and 120 remained unchanged on the Bombay Stock Exchange (BSE) with advance decline ratio of 0.58 indicating a negative closing in the broader market. The trend of the major indices on Tuesday’s trading is given in the table below.
On the National Stock Exchange (NSE), 14 securities advanced and closed at a new 52-week high whereas 200 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Infrastructure, Nifty Metal and Nifty Energy were among the biggest gainers. Nifty IT, Nifty Media and Nifty Auto were among the biggest losers.
IndusInd Bank reported discrepancies in its derivative portfolio. During internal review of processes relating to' Other Asset and Other Liability' accounts of the derivative portfolio, after implementation of RBI master direction - classification, valuation and operation of investment portfolio of commercial banks (directions), 2023 issued in September 2023, including accounting of derivatives. Bank noted some discrepancies in these account balances. Bank's detailed internal review has estimated an adverse impact of around 2.35% of Bank’s net worth as of December 2024. We have covered it in detail
here.
Hindustan Zinc (+0.22%) inked power delivery agreement (PDA) with Serentica Renewables. The latest power delivery agreement augments Hindustan Zinc’s round-the-clock renewable energy (RE) up to 530MW from the previously signed PDA of 450MW, increasing the overall renewable energy contribution to over 70% of its total power requirement. This is a first-of-its kind round-the-clock renewables PDA that guarantees a minimum of 315 MW uninterrupted power supply through every 15-minute time block.
IntellectAI, the Insurtech business unit of Intellect Design Arena (+2.21%), entered into partnership with Across America Insurance Services to drive underwriting accuracy and efficiency with loss run extraction and analysis solutions. The wholesale insurance provider is IntellectAI’s most recent customer for Magic Submission and Xponent, built on IntellectAI’s proprietary Purple Fabric platform.
Navin Fluorine International (+1.03%) commenced commercial operations of the plant for manufacture of Hydrofluorocarbons (HFC) (R32) capacity of 4,500 TPA at Surat unit. The company has dispatched the first commercial lot to the customer.
European Directorate for the Quality of Medicines & HealthCare (EDQM) and the Spanish Agency of Medicines and Medical Devices (AEMPS) have concluded joint inspection at Nectar Lifesciences (-5.01%) API manufacturing facility, located at U-2, Village Saidpura, Tehsil Dera Bassi, District SAS Nagar (Mohali), Punjab. This inspection aimed to assess of compliance with EuGMP standards. Following the inspection, seven observations including four critical, were noted.
Syngene International (+0.61%) will make an additional investment of upto $56 million in equity share capital of Syngene USA Inc (SUSA), a wholly owned subsidiary of the Company, in one or more tranches. The investment will be utilised to finance the cost of acquisition of biologics facility from Emergent Manufacturing Operations Baltimore, LLC., and for meeting the general corporate, and day-to-day operating requirements.
Ashoka Buildcon (-0.57%) received letter of acceptance (LoA) form Maharashtra State Electricity Transmission Co. (MSETCL) for the supply and civil portion for a 400/220 KV substation at Nandgaon Peth, Amravati, Maharashtra.
Bajaj Consumer Care (+0.09%) completed acquisition of 49% equity share capital of Vishal Personal Care in first tranche. It had entered into a share purchase cum shareholders agreement with Peepul Capital Fund III LLC, Vishal Personal Care and others for acquiring 100% of the equity capital in two tranches (i.e., 49% of the equity share capital in tranche 1 and the remaining 51% in tranche 2).
E2E Cloud (-4.64%) launched its sovereign cloud platform, an AI-powered cloud solution designed to give enterprises, governments, and data centers full control over their digital infrastructure. The platform addresses growing concerns around data sovereignty, vendor lock-in, and cloud technology sanctions, offering a secure and scalable alternative for organizations looking to build and manage their own cloud environments.
Aditya Birla Capital (ABCL) (-0.11%) invested Rs300 crore on rights basis, in the equity shares of Aditya Birla Housing Finance (ABHFL). Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABHFL continues to be wholly owned subsidiary of the Company.
Thermax’s (-1.73%) wholly-owned subsidiary— Thermax Chemical Solutions entered into an exclusive shareholder’s agreement with Oswaldo Cruz Quimica Industria E Comercio (OCQ), Brazil, one of the leading chemical companies in Latin America producing resins and polymers. Thermax will hold a majority 51% stake in this new company, while OCQ will have a 49% share. Both companies expect to create significant value, strengthening their global market presence and delivering high-performance chemical solutions.
MSTC (+1.33%) received work order from Coal India for engagement as E-auction Service Provider for conducting e-auction of coal and coal products of CIL/Coal Companies for two years.
Supreme Industries (+0.44%) signed a memorandum of understanding (MoU) with Wavin Industries for acquisition of its Indian Piping (Building and Infrastructure) business, at its manufacturing units situated at Banmore (M.P.). Hyderabad (Telangana) and Neemrana (Rajasthan) - either on slump sale or share acquisition basis comprising of all tangible fixed assets, tools, moulds & dies, spare parts, all intangible fixed assets including trademarks & Intellectual property rights, all licences. approvals & permissions. contract for power & other utilities, all material contracts, orders, rate contracts in hand and employees.
Bharat Electronics (BEL) (+1.78%) secured additional orders worth Rs843 crore which include radio frequency seekers, vessel and air traffic management system, electro optic repair facility, radar upgradation, spares, services, etc. With these, the total accumulated orders received by BEL during the current financial year stand at Rs14,567 crore.
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:
