Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, ended lower while traders parsed the outcome of the Monetary Policy Committee (MPC) meeting.
At the closing bell, the BSE Sensex closed 117 points lower (down 0.1%)
Meanwhile, the NSE Nifty closed 50 points lower (down 0.2%)
HUL, Axis Bank, and Bajaj Finance were the top gainers today.
TCS, Tata Steel, and NTPC, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,428, with 110 points lower at the time of writing.
The BSE 150 Midcap index is trading 0.1% lower, and the BSE 250 SmallCap index is trading lower.
Sectoral indices were trading mixed today, with the metal sector and the telecommunication sector witnessing selling pressure. Meanwhile, stocks in realty sector and the healthcare sector witness buying.
The rupee is trading at Rs 94.6 against the US$.
Gold prices for the latest contract on MCX are trading 0.9% lower at Rs 1,58,090 per 10 grams.
Meanwhile, silver prices were trading 1.9% lower at 2,59,685 per 1 kg.
Bajaj Electricals Enters Cables Business
Shares of Bajaj Electricals came into focus after the company announced its entry into the cables category under its lighting solutions segment.
Bajaj Electricals has decided to enter the cables business under its Lighting Solutions segment, driven by rising demand in the cables market. The company said this move is part of its strategy to expand its business, diversify its product offerings, and support long-term growth.
The company plans to start its cables operations soon. It added that any investment in the new business will depend on market opportunities, the expected scale of operations, and business needs.
Bajaj Electricals, a part of the Bajaj Group, is a well-known consumer electrical products company. It sells a wide range of products, including home appliances, fans, cookware, and lighting solutions, serving customers across India and overseas.
Dhampur Bio & Orgonew Form Food JV
Dhampur Bio Organics has signed a joint venture agreement with Orgonew Private Limited to develop, manufacture, market, and sell innovative functional food products, including curcumin-coated low-GI sugar and other health-focused products.
The partnership will combine Orgonew's proprietary nano-curcumin coating technology with Dhampur Bio Organics' manufacturing capabilities and extensive distribution network across retail, e-commerce, and quick-commerce channels.
Under the joint venture, Dhampur Bio Organics will hold a 74% stake, while Orgonew will own 26%. The new company's board will consist of three directors, with Dhampur appointing two directors and Orgonew appointing one.
Orgonew's 26% stake will remain unchanged for the first three years, and both partners will be subject to a five-year lock-in period. Currently, Dhampur Bio Organics does not hold any shares in Orgonew.
Suzlon Expands Portfolio with Battery Storage
Suzlon Energy is expanding beyond wind power by adding solar and battery storage solutions to its clean energy portfolio. The company aims to help customers build and operate integrated renewable energy projects that can provide reliable electricity around the clock.
According to Vice Chairman Girish Tanti, energy storage is becoming increasingly important as India seeks to reduce its dependence on imported fuels and ensure a stable supply of clean power. By combining wind, solar, and batteries, renewable energy can become more dependable and available whenever needed.
Suzlon plans to grow its managed energy assets portfolio fourfold to 70 GW over the next five years. The company also intends to become a full-service clean energy solutions provider and set up a battery energy storage manufacturing facility by next year.
While Suzlon already manufactures wind turbines, it plans to source solar equipment domestically. The company is also exploring opportunities to add solar and battery systems at existing wind project sites. With India's wind power installations reaching a record 6.3 GW in 2025, Suzlon expects annual additions to exceed 8 GW in 2026.
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