On Monday, 2798 stocks advanced, 1409 declined and 128 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.98 indicating a positive closing in the broader market. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 58 securities advanced and closed at a new 52-week high whereas 38 securities sank to close at their new 52-week lows. In sectoral indices, Nifty PSU Bank, Nifty Energy, and Nifty It were among the biggest gainers.
NTPC (+1.28%) declared the commercial operation date for 193 MW at Plot-3 of its 245 MW Nokh Solar PV Project in Rajasthan. With this addition, NTPC’s total group commercial capacity has reached 80,708 MW, further strengthening its renewable energy portfolio.
NHPC (+1.81%) commissioned the third phase of 53.57 MW at its 300 MW Karnisar Solar Project in Bikaner. With this latest addition, the project's total operational capacity now stands at 160.71 MW, further advancing NHPC’s renewable energy portfolio.
Indian government imposed anti-dumping duties on insoluble sulphur from China and Japan, and vitamin-A palmitate from China, the EU, and Switzerland, following DGTR recommendations to protect domestic industries. These duties, applicable for five years, aim to stabilize market prices and support local manufacturers. Insoluble sulphur, essential for rubber vulcanization, benefits tyre makers like MRF (-0.67%), Apollo, and JK Tyres, while vitamin-A palmitate, used in fortified foods and pharma, impacts Piramal Pharma (+2.28%) and Fermenta Biotech (+1.97%). Chemicals players like Oriental Carbon Chemical (+20.00%), Coromandel (+4.91%), PI Industries (+1.06%), and Navin Fluorine are also likely to gain from reduced competition. Duty rates range from $0.87 to $20.87 per kg for vitamin-A palmitate and $259 to $358 per metric tonne for sulphur, reinforcing India's efforts to curb unfair pricing practices in these sectors.
PNC Infratech (+2.72%) secured Rs240 crore flyover project order from PWD Rajasthan for construction in Bharatpur city.
RailTel Corp (+3.08%) secured two key contracts in the education sector - Rs16 crore order from the Department of Education and Rs243.1 crore order from the Bihar Education Project Council for supplying student kits across government schools. These deals strengthen RailTel’s presence in digital and infrastructure support for education.
L&T Finance (+1.69%) successfully acquired Paul Merchants Finance’s gold loan business for Rs1,350 crores, adding 130 branches and 700 employees to its network. This strategic move enhances L&T Finance’s portfolio of secured loan products while reinforcing its presence in the rural market.
MTAR Technologies (-0.02%) secured Rs19.2 crores in new orders, including Rs17.8 crores for Clean Energy and Rs1.4 crores in Aerospace. Additionally, new product development is expected to generate Rs10 crores in recurring annual revenue, further strengthening its growth prospects in these sectors.
From 8 June 2025, all newly manufactured N2 and N3 category heavy trucks must be equipped with ISO-certified air-conditioning kits for the driver's cabin. Initially planned for 1 October 2024, the regulation was later modified in 18 December 2023 notification, granting an 18-month transition period to manufacturers. This reform aims to improve driver comfort and safety, making Subros (+3.55%) a key beneficiary in the auto ancillary space.
Glenmark Pharmaceuticals (+0.57%) will launch DCGI-approved BRUKINSA® in India, offering a novel treatment for hematological malignancies. This introduction strengthens Glenmark’s focus on advanced oncology solutions, reinforcing its commitment to effective cancer care.
Garden Reach Shipbuilders & Engineers (GRSE) (+1.46%) signed MOUs with Berg Propulsion (Sweden) and SunStone (Denmark), enhancing its global maritime collaborations. Meanwhile, the Indian Navy is set to commission its first Anti-Submarine Warfare Shallow Water Craft, marking a significant milestone in indigenous naval capabilities.
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:
