Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, pared a significant amount of losses from the day's low as PSU bank and financial stocks supported.
At the closing bell, the BSE Sensex closed 304 points lower (down 0.4%)
Meanwhile, the NSE Nifty closed 77 points lower (down 0.3%)
SBI, ICICI Bank, and Kotak Mahindra were the top gainers today.
TCS, Tech Mahindra, and Infosys, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,456, with 36 points lower at the time of writing.
The BSE 150 Midcap index is trading 0.5% lower, and the BSE 250 SmallCap index is trading 0.01% higher.
Sectoral indices were trading mixed today, with the metal sector and the IT sector witnessing selling pressure. Meanwhile, stocks in the banking sector and telecom sector witness buying.
The rupee is trading at Rs 95.6 against the US$.
Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 1,58,200 per 10 grams.
Meanwhile, silver prices were trading 1.1% lower at 2,63,650 per 1 kg.
Infosys Expands AI Partnership With DNB
Infosys has expanded its partnership with DNB Bank ASA, Norway's largest bank, to help modernize its financial crime detection systems.
As part of the project, Infosys will replace multiple older systems with a single cloud-based platform that can better identify and monitor risks related to fraud, money laundering, and suspicious transactions.
Infosys will use the NICE Actimize X-Sight platform to bring together key functions such as customer screening, transaction monitoring, fraud detection, and case management into one system.
The new platform will use AI and automation to improve the accuracy of detecting financial crimes, speed up investigations, and help DNB meet regulatory requirements across different countries. The upgrade is also expected to make the bank's operations more efficient and better prepared for future compliance and security challenges.
Godrej Launches New Wealth Management Platform
Godrej Industries has launched Godrej Wealth, its wealth management business, with a goal of managing Rs 1,000 bn in assets by 2031.
The platform will cater to affluent and high-net-worth individuals with investable assets of Rs 20 million (Rs 2 crore) and above.
Godrej Wealth will operate under Godrej Financial Services, which reported a consolidated net profit of Rs 4.44 bn in the last financial year, up from Rs 1.83 bn a year earlier.
The company believes wealth management will become a major growth driver for its financial services business. It also plans to enter the asset management industry in the coming years and is targeting a listing of the business within the next five years.
Uber and Paytm Back ONDC Growth
Uber and Paytm have each invested Rs 0.6 bn in the government-backed Open Network for Digital Commerce (ONDC) platform.
The investment comes shortly after Zoho invested Rs 0.7 bn in ONDC.
The move strengthens Uber's and Paytm's partnership with ONDC and is aimed at expanding digital commerce, mobility, and logistics services through the platform.
Uber said that more than 10 million metro rides have been booked through its app using the ONDC network across five cities. Meanwhile, Paytm processed 218 million transactions in FY26 and currently facilitates over 300,000 metro and bus ticket bookings daily across 21 cities.
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