Nifty, Sensex Tries to Fight Off Middle East Tensions - Monday Market Report
Moneylife Digital Team 23 June 2025
On Monday, 1854 stocks advanced, 2204 declined and 182 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.82 indicating a negative closing in the broader market. The trend of the major indices on Monday’s trading is given in the table below.
 
 
On NSE, 41 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 IT, Nifty Infrastructure, and Nifty Metal were among the biggest gainers.
 
Zen Technologies (5+%) acquired a majority stake in TISA Aerospace, marking a strategic entry into the loitering munitions space. This acquisition is aimed at integrating TISA’s advanced drone technologies with Zen’s existing anti-drone systems, enhancing its full-stack defense solutions. TISA Aerospace, supported by DRDO and IIT Madras, brings strong R&D credentials, further solidifying the tech synergy.
 
NLC India Renewables, a wholly owned subsidiary of NLC India (+2.26%), secured a landmark contract from Tamil Nadu Green Energy Corporation (TNGECL) to develop three standalone battery energy storage system (BESS) projects with a combined capacity of 250 MW/500 MWh. This is NLC’s first large-scale foray into energy storage, and the projects will be implemented under the build-own-operate (BOO) model with viability gap funding (VGF) support. The systems will be installed at Ottapidaram, Anuppankulam, and Kayathar substations in Tamil Nadu and are designed for two full charge-discharge cycles per day, enabling on-demand grid support.
 
JSW Energy (+0.25%) may bid again for Raigarh Champa Rail Infrastructure (RCRIPL) after the NCLAT Chennai overturned an earlier NCLT order, allowing the issuance of a fresh Form G and expression of interest (EoI). This clears the way for JSW Energy to re-enter the corporate insolvency resolution process (CIRP) for the rail SPV, which is strategically linked to its earlier acquisition of KSK Mahanadi Power. 
 
NTPC (-0.78%) fully commissioned its 245 MW Nokh Solar PV Project in Rajasthan, with the final 52 MW at Plot-3 commencing commercial operations on 22 June 2025. This milestone completes the rollout under the CPSU Scheme Phase-II, Tranche–III, reinforcing NTPC’s commitment to expanding its renewable energy portfolio. 
 
GAIL (India) (+1.60%) approved a capacity expansion of 2.5 MMSCMD for its DUPL-DPPL natural gas pipeline network, to be executed over the next three years. The Rs844 crore investment, to be funded through a debt-equity mix.
 
LT Foods (-6.30%) clarified that its subsidiary, Ecopure Specialities, has been issued a preliminary countervailing duty of Rs50 crore in the US market. The company is seeking a review of the ruling and is engaging with relevant authorities.
 
Solar Industries India (+0.35%) secured Rs158 crore contract from the Ministry of Defence, Government of India, for the supply of defence products. The order is slated for execution within one year, signalling a steady inflow of near-term revenue.
 
 
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:
 
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