On Tuesday, 2233 stocks advanced, 1800 declined and 134 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.24 indicating a positive closing in the broader market. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, 105 securities advanced and closed at a new 52-week high whereas 14 securities sank to close at their new 52-week lows. In sectoral indices, Nifty PSU Bank, Nifty Auto and Nifty Infrastructure were among the biggest losers. Nifty IT, Nifty Media and Nifty Pharma were among the biggest gainers.
Maruti Suzuki (-0.93%) planned to cut production of its first EV, the E-Vitara, by two-thirds in April–September, producing 8,221 units instead of the previously planned 26,512 units. However, the company aims to ramp up production in later months to meet its full-year target of 67,000 units, adjusting its manufacturing strategy accordingly.
Sonata Software (+0.72%) entered a three-year collaboration with IISc's Foundation of Science Innovation and Development (FSID) to advance AI-driven scientific research. The partnership focuses on AI education, innovation, and promoting responsible AI practices, strengthening India's AI ecosystem through academic and industry synergy.
Menon Bearings (+5.52%) secured a major international order from Allison Transmission to supply 75 lakh thrust washers & bushings annually, valued at approximately $3.73 million per year. This deal significantly boosts its export profile and global presence, reinforcing its position in precision automotive components.
Power Grid Corporation of India (+0.18%) approved the National Unified Network Management System (NUNMS), Rs131.68 crore project set for commissioning by February 2027. This initiative aims to enhance grid reliability and efficiency, marking a significant step in strengthening India’s power infrastructure.
Deepak Fertilisers (+1.42%) revised the project cost for its WNA (Weak Nitric Acid) and CNA (Concentrated Nitric Acid) plants at Dahej to Rs1,982.79 crore, up from the previous estimate of Rs1,950 crore.
HCL Technologies (+1.20%) introduced a managed secure service edge (SSE) solution in collaboration with Cisco, aiming to enhance enterprise security. This solution integrates Cisco's Secure Access technology with HCLTech's 360° managed services, offering businesses advanced protection and seamless connectivity in their security frameworks.
Reliance Infrastructure’s (+3.65%) subsidiary, Mumbai Metro One, won an arbitration award, with the Bombay High Court directing MMRDA to deposit Rs1,100 crore into Mumbai Metro One’s account within four weeks. The proceeds will be utilized to reduce Mumbai Metro One’s debt. Mumbai Metro One is a joint venture, with Reliance Infra holding 74% and MMRDA holding 26%.
OneSource Specialty Pharma (+5.00%) will subscribe to equity shares of Xbrane Biopharma AB, a Nasdaq Stockholm-listed biopharmaceutical company. Xbrane plans to raise approximately SEK 240 million through a directed share issue, pending EGM approval, with OneSource participating as a subscriber. This move signals a positive sentiment and strategic investment in the biotech space.
ACME Solar Holdings (+1.83%) successfully commissioned 75 MW of additional renewable energy capacity at its Sikar Solar project in Rajasthan, bringing its total operational capacity to 2,806.4 MW. This expansion reinforces ACME’s commitment to sustainable energy growth and strengthens its footprint in India's renewable sector.
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: