Nifty Below 23,400; Sensex Today Marginally Lower

Asian markets traded lower on Thursday, following overnight losses on Wall Street, as escalating US-Iran war stoked inflation worries.

US stock market ended lower on Wednesday, dragged down by financials and tech stocks, amid escalating tensions in the Middle East.

Here's a table showing how US stocks performed on Wednesday:

Source: Equitymaster

At present, the BSE Sensex is trading 85 points lower, and the NSE Nifty is trading 22 points lower.

Eternal, Titan Company, and HUL are among the top gainers today.

Trent, Infosys, HDFC Bank on the other hand are among the top losers today.

The BSE 150 Midcap index is trading 0.3% higher and the BSE 250 SmallCap index is trading 0.3% higher.

Sectoral indices are trading mixed today with stocks in realty sector and metal sector witnessed selling pressure. Meanwhile, stocks in telecommunication sector and power sector witnessed buying.

The rupee is trading at Rs 95.7 against the US dollar.

BHEL Secures Dangote Gas Turbine Contract

Bharat Heavy Electricals Limited (BHEL) has secured a major contract from Dangote Petroleum Refinery & Petrochemicals in Nigeria.

The contract worth between Rs 20 billion (bn) and 25 bn involves designing, manufacturing, supplying, and supporting the installation and commissioning of eight gas turbine generator packages. The equipment will be used at Dangote's petroleum refinery and polypropylene plant in Nigeria. Civil construction work is not part of the contract.

The order was awarded through an international competitive bidding process, and the project is expected to be completed within 26 months.

BHEL is one of India's leading engineering and manufacturing companies, supplying equipment and solutions across sectors such as power, transmission, transportation, renewable energy, oil & gas, industry, and defence.

IEX Reports Strong Electricity Volume Growth

Indian Energy Exchange (IEX) reported strong growth in electricity trading activity during May 2026. The company traded 12,983 million units (MU) of electricity during the month, an increase of 18.6% compared to the same period last year.

The growth comes amid rising power demand across India. According to government data, the country's electricity consumption increased 11.5% year-on-year to 164.98 billion units in May 2026.

IEX saw healthy growth across its key market segments. The Day-Ahead Market and Real-Time Market recorded higher trading volumes compared to last year, while the Green Market also posted double-digit growth. The average price in the Green Day-Ahead Market remained largely unchanged at Rs 3.60 per unit.

The exchange also traded 6.10 lakh Renewable Energy Certificates (RECs) during the month. REC trading was conducted in two sessions held in May, with the clearing price at Rs 400 per certificate.

IEX is India's leading electricity exchange, providing an electronic platform for the trading of electricity, renewable energy, renewable energy certificates, and energy-saving certificates across the country.

Indiabulls Issues Convertible Warrants to Investors

Indiabulls share price rose about 4% and touched its 52-week high after the company's board approved a plan to raise funds through convertible warrants.

The company plans to raise up to Rs 10.0 bn (Rs 1,000.07 crore) by issuing warrants on a preferential basis to both promoter group and non-promoter investors. The approval was given at the board meeting held on June 3.

Under the plan, Indiabulls will issue up to 51.55 crore warrants at a price of Rs 19.40 per warrant, which includes a premium of Rs 17.40. Each warrant can later be converted into one fully paid equity share of the company.

In simple terms, the company is raising long-term capital by giving investors warrants that can be converted into shares in the future.