Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, ended the volatile session lower as the risk sentiment took a hit due to the deepening conflict in West Asia.
At the closing bell, the BSE Sensex closed points 151 lower (down 0.2%)
Meanwhile, the NSE Nifty closed 53 points lower (down 0.2%)
M&M, ICICI Bank, and Kotak Mahindra were the top gainers today.
Infosys, HCL Tech, and Bajaj Finance, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,219, with 79 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.8% lower, and the BSE 250 SmallCap index is trading 0.7% lower.
Baring banking sector and healthcare sector, all other sectoral indices were trading negatively today, with the IT sector and power sector witnessing selling pressure.
The rupee is trading at Rs 95.7 against the US$.
Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 1,47,501 per 10 grams.
Meanwhile, silver prices were trading 0.4% lower at 2,34,490 per 1 kg.
DOMS Jumps 6% on Reynolds Acquisition Deal
Shares of DOMS came into focus after the company entered into an asset purchase agreement with Reynolds Pens India and five other entities - all subsidiaries of Newell Brands Inc - for the acquisition of assets, contracts, employees, intellectual property, and associated liabilities relating to the manufacture and sale of pens, markers, highlighters, and school supplies under the Reynolds brand.
DOMS Industries will acquire key Reynolds brand assets for $3.7 million, with the deal set to close on July 1, 2026. The acquisition includes manufacturing equipment, trademarks, patents, copyrights, contracts, domain names, and social media accounts linked to the Reynolds business.
As part of the transaction, Reynolds Pens India will continue supplying pen tips to DOMS under a separate agreement. After the acquisition, DOMS will allow Reynolds Pens India to keep using the Reynolds brand name for certain corporate purposes without paying royalties.
The acquisition is expected to help DOMS expand its product range and strengthen its position in the writing instruments and school supplies market, complementing its existing stationery business.
Vascon Surges After Guwahati Project Win
Shares of Vascon Engineers came into focus after the company bagged an order from the Central Public Works Department, Guwahati.
Vascon Engineers has received a Letter of Intent (LoI) from the Central Public Works Department (CPWD), Guwahati, for the demolition and redevelopment of RBI residential quarters at Zoo-Narengi Road Colony in Guwahati, Assam.
The project, awarded on an EPC (Engineering, Procurement and Construction) basis, is valued at Rs 3.47 bn, including GST. Vascon is expected to complete the work within 36 months from the date of receiving the order.
Deccan Gold Expands with Spain Acquisition
Deccan Gold Mines has signed an agreement to acquire an initial 51% stake in Spain-based Logrosan Minera S.L. (LMSL) by investing €1.76 million (approx. Rs 0.25 billion). The acquisition will be completed in phases and is expected to be finalized by March 2027.
After acquiring the 51% stake, Deccan Gold will have the option to increase its holding to 75% by investing an additional €1 million, subject to certain milestones and an independent valuation.
LMSL owns two mineral exploration projects in Spain - the 37 sq. km Logrosan Project and the 40 sq. km Maria Project. The funds invested by Deccan Gold will be used to explore and develop these assets.
Under the shareholders' agreement, future project funding will be shared according to each investor's stake.
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