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Equity benchmarks closed in the negative terrain, with the Sensex dipping by 239 points and the Nifty closing just short of the 24,750 level. Downbeat sentiment was triggered by weakness in FMCG, auto, and pharma stocks. The top laggards on the Nifty were ITC, IndusInd Bank, Ultratech Cement, and Nestle India.
Among sectoral indices, Nifty FMCG was the top decliner with a 1.5 percent decline, followed by Nifty Auto, down 0.7 percent. Nifty Metal and Nifty Pharma both fell 0.6 percent, while Nifty Consumer Durables relaxed 0.5 percent. Conversely, Nifty PSU Bank and Nifty Media were the top risers, rising 1 percent each.
Stocks in News
Apollo Micro Systems
The stock jumped more than 11% following the company saying it secured an export order of Rs 114 crore for the development of an avionic system.It is a project related to the development of a sophisticated avionics system for use in civil and defense aircraft applications.
Hiranandani Group
Real estate group has announced a Rs 28,440 crore chip facility in Noida as part of a total investment of about Rs 69,000 crore revealed at the roundtable of Invest UP.
Hindustan Copper
Metals firm posted a 50 percent increase in net profit to Rs 187 crore in Q4 FY25 from Q4 FY24’s Rs 124 crore. Also declared a Rs 1.46 per equity share dividend for the year 2025.
Triveni Engineering & Industries
The company posted a net profit of Rs 183 crore during the fourth quarter of the fiscal year 2025. The firm’s operating revenue in the meantime rose almost 24 percent on-year to Rs 1,925 crore for Q4 FY25. Also declared a dividend of Rs 2.5 per equity share for the fiscal year 2025, pending shareholders’ approval.
Source – Money Control, Mint
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