Closing Bell: New India Assurance, Sumitomo Chemical among top gainers as Nifty closes at 24,855; Sensex gains 143 points

Nifty 50 ended the day at 24,855.05, gaining 33.95 points or 0.14%. Bank Nifty settled at 56,150.70, slipping by 71.30 points or 0.13%. Sensex closed higher at 81,481.86, rising 143.91 points or 0.18%.

Global events/updates:

• Trump says ‘good friend’ India may face up to 25% tariffs

• Japan’s Fukushima plant workers evacuate after tsunami warning

• Ukraine’s armed forces have confirmed that a Russian missile strike targeted a military training facility, resulting in several casualties.

• According to Ukrainian ground forces’ statement on Tuesday evening, three soldiers were killed and 18 others injured in the attack.

• While the exact location of the strike was not disclosed by the military, Ukrainian war correspondent Andrei Taplienko reported that the training site was in the Chernihiv region, situated north of Kyiv and bordering Russia and Belarus.

Stock news

• Bharat Electronics Ltd: The company has secured additional orders worth Rs. 551 Crore. Major orders received include Optronic Systems for Aircraft,Integrated Financial Management Information System Software, Automated Access Control System, Integrated Communication and Control Terminal, Low Band Receiver Unit, Communication Equipment,Spares,Services etc.

• Esconet Technologies Ltd 5% upper circuit:  Secured a major contract worth approximately ₹46.43 crores annually for three years from a reputed domestic multinational ITeS corporate house. The agreement includes enterprise software licensing and professional support services.

• Kilburn Engineering: Secured an order worth Rs. 30.8 crores for the Design, Engineering, Manufacture, Inspection, Supply, Transportation, Erection and Commissioning of Rotary Drums (with Lump Crusher), Cooler Drum and Coating Drum for a fertiliser plant.

• BPCL, HPCL in Focus – Cabinet is likely to approve ₹30,000–₹35,000 crore LPG under-recovery compensation tomorrow.

• NESCO Ltd: Revenue up by 37% YOY and 1% QOQ and Profit surged 38% YOY and 9% QOQ.

• Aster DM Healthcare: Acquired an additional 13% stake in DRCM (Subsidiary), raising its holding to 70.49% for Rs 63.01 crore. DRCM reported FY25 revenue of Rs 258 crore. 

• KEC International Ltd: KEC International Ltd., part of the RPG Group, has received new orders totaling ₹1,509 crores across multiple sectors.

• Markolines Pavement Technologies Limited:  Received multiple work orders from various clients like NCC Limited, Pune Municipal Corporation, and others, cumulatively amounting to Rs. 30.38 crore execution of various epc work.

Top gainer/Top loser (Nifty 500)

Conclusion

The broader market ended on a positive note with Nifty 50 and Sensex registering modest gains, indicating underlying strength in large-cap stocks. However, weakness in Bank Nifty reflects cautious sentiment in the banking sector, suggesting a mixed outlook ahead.

Written by Manideep Appana

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