Although the benchmark indices opened lower, they traded on a negative note for the second day throughout the session and ultimately closed red.
Indian equity benchmark indices, Sensex and Nifty50, ended lower for the second day in a row as high oil prices and volatility in global bond yields fuelled risk-off sentiment.
At the closing bell, the BSE Sensex closed 242 points lower (down 0.3%)
Meanwhile, the NSE Nifty closed 64 points lower (down 0.2%)
Kotak Mahindra, Tata Steel, and NTCP are the top gainers today.
Titan Company, HCL Tech, and Bajaj Finance, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 22,824, with 411 points lower at the time of writing.
The BSE 150 Midcap index is trading 0.4% lower and the BSE 250 SmallCap index is trading 0.6% lower.
Sectoral indices traded mixed today, with selling pressure witnessed in the insurance and IT sectors, while metal and services stocks attracted buying interest.
The rupee is trading at Rs 95.9 against the US$.
Gold prices for the latest contract on MCX are trading 0.1% lower at Rs 1,46,588 per 10 grams.
Meanwhile, silver prices were trading 0.9% lower at 2,25,374 per 1 kg.
Ola Electric Plans Major Rights Issue
Ola Electric Mobility's board has approved a rights issue of partly paid-up equity shares to raise up to Rs 10 billion (bn), subject to necessary regulatory and statutory approvals.
The issue will be offered to eligible shareholders based on a record date, which the company will announce later. In its exchange filing dated 28 September, Ola Electric said its board will meet on 5 October 2026 to discuss and decide key matters related to the rights issue.
The company is expected to announce details including the issue price, rights entitlement ratio, record date, issue timeline and payment structure.
The proposed shares will have a face value of Rs 10 each. The rights issue will be conducted in accordance with applicable laws and SEBI regulations, with detailed terms to be disclosed to the stock exchanges at a later date.
CleanMax Secures Funding for Renewable Energy Projects
Shares of Clean Max Enviro Energy, a renewable energy solutions provider, came into focus after the company has raised Rs 25 bn through the issuance of green debt securities via private placement.
The non-convertible debenture (NCD) issue was structured across five series, with maturities ranging from two to 10 years. The securities carry fixed coupon rates between 8.25% and 8.76% and received participation from both domestic and international investors, the company said.
The bonds were issued under CleanMax's green bond framework and are backed by a defined green-use-of-proceeds framework. The funds will be allocated towards large-scale renewable energy projects.
CleanMax Founder and Managing Director Kuldeep Jain said the issuance would channel institutional capital into renewable energy projects while providing investors with another avenue to participate in the company's growth. He added that investor participation reflected confidence in the company's fundamentals and contracted cash flows.
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