Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed in the red.
Indian equity benchmark indices, Sensex and Nifty50, ended lower as IT, metal, realty, and media shares weighed amid weak global cues.
At the closing bell, the BSE Sensex closed 307 points lower (down 0.4%)
Meanwhile, the NSE Nifty closed 95 points lower (down 0.4%)
Sun Pharma, ICICI Bank, and Axis Bank are the top gainers today.
Bharti Airtel, ITC, and Infosys, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24,247, 64 points lower at the time of writing.
The BSE 150 Midcap index is trading 0.2% lower, and the BSE 250 SmallCap index is trading 0.6% lower.
The rupee is trading at Rs 95.5 against the US$.
Gold prices for the latest contract on MCX are trading 0.84% lower at Rs 1,54,967 per 10 grams.
Meanwhile, silver prices were trading 0.3% lower at 2,35,970 per 1 kg.
Sterlite Technologies Secures Major Long-Term Contract
Sterlite Technologies shares came into focus after the company announced that it had secured a long-term contract worth approximately $288 million from a leading hyperscaler.
Under the agreement, Sterlite Technologies will supply high-density optical fibre cable products based on the customer's specifications during each calendar year from 2027 to 2029. Purchase orders will be issued periodically throughout the contract period.
The agreement also includes a reciprocal risk-sharing mechanism, with capped financial liabilities for both parties in the event of demand shortfalls or supply-capacity constraints.
The contract will remain valid for three years, from CY2027 through CY2029, with an option to extend it by an additional two years subject to mutual consent.
Sterlite Technologies is a global provider of advanced connectivity solutions, offering end-to-end infrastructure for AI-ready networks, FTTx, rural connectivity, enterprise networks and data centres. The company works with data centre and cloud providers, telecom operators, internet service providers and large enterprises to develop future-ready digital infrastructure.
Oil India Subsidiary Signs Haryana Municipality MoU
OIL Green Energy (OGEL), a wholly owned subsidiary of Oil India (OIL), has signed Memoranda of Understanding (MoUs) with the municipal corporations of Gurugram, Faridabad, Hisar and Ambala in Haryana to develop integrated Compressed Biogas (CBG) and Waste-to-Energy projects across the respective clusters.
The proposed projects will be developed in Hisar, Ambala, Faridabad and Gurugram, with municipal solid waste processing capacities of 500 TPD, 900 TPD, 1,600 TPD and 2,000 TPD, respectively. Collectively, the facilities are expected to process around 5,000 tonnes of municipal solid waste daily and produce 70-75 TPD of CBG along with 50 MW of green power.
The projects will adopt an integrated waste-processing and resource-recovery model. Municipal waste will undergo scientific segregation and pre-processing to maximise recovery of recyclable materials. The wet and biodegradable portion will be used to produce CBG, while the non-recyclable dry fraction will be utilised for power generation through Waste-to-Energy facilities.
The initiative aims to enhance resource recovery, maximise energy generation from non-recyclable waste, reduce reliance on landfills and convert municipal waste into clean energy through CBG and green electricity.
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