Although the benchmark indices opened flat, they traded on a mixed note throughout the session and ultimately closed green.
Indian equity benchmarks indices, Sensex and Nifty50 ended higher as oil prices declined on hopes for the US-Iran truce despite continued attacks in West Asia.
At the closing bell, the BSE Sensex closed 315 points higher (up 0.4%)
Meanwhile, the NSE Nifty closed 77 points higher (up 0.3%)
Axis Bank, Asian Paints, Bajaj Finance are the top gainers today.
Trent, Infosys, Kotak Mahindra on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,185 with 87 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.2% lower and the BSE 250 SmallCap index is trading 0.1% lower.
Sectoral indices were trading mixed today with stocks in metal sector and telecommunication sector witnessed selling pressure. Meanwhile, stocks in realty sector and power sector witnessed buying.
The rupee is trading at Rs 95.8 against the US$.
Gold prices for the latest contract on MCX are trading 0.7% higher at Rs 1,51,849 per 10 grams.
Meanwhile, silver prices were trading 1.5% higher at 2,37,050 per 1 kg.
Welspun Corp Secures Record US Pipe Order
Welspun Corp's shares came into focus in Friday's intraday trade after the company announced a major order win.
On Thursday, September 24, Welspun Tubular LLC, the company's wholly owned US subsidiary, secured its largest-ever order in terms of volume, length and value. The order, worth approximately $412.5 million (Rs 40 billion), is for the supply of High-Frequency Induction Welded (HFIW) pipes.
The pipes will be manufactured at the company's newly upgraded HFIW mill in Little Rock, US, and the order is scheduled to be executed during FY28 and FY29.
Following this order, Welspun Corp's global order book reached a record $4.7 billion (Rs 450 billion), the highest in the company's history.
The company said the order highlights its manufacturing capabilities, execution strength and growing relationships with major international customers, while supporting its strategy of expanding global manufacturing capacity.
Waaree Enters India's Specialty Gases Business
Waaree Clean Energy Solutions (WCES), a wholly owned subsidiary of Waaree Energies, has announced its entry into India's specialty gases business, targeting the growing semiconductor and solar cell manufacturing sectors.
The company plans to become a one-stop supplier of high-purity process gases and chemicals, helping reduce India's dependence on imports. WCES is setting up a specialty gases plant at GIDC Saykha, Dahej, Gujarat, to provide domestic supply to semiconductor and solar manufacturers across India.
The business will be developed in phases, including specialty gas warehousing, UHP ammonia purification, phosphine/hydrogen mixing, UHP oxygen and UHP hydrogen. The company will also offer customised gas and chemical supply systems, nitrogen plants, storage, delivery, safety monitoring and inventory management.
WCES aims to serve semiconductor fabs, OSAT and ATMP units, advanced electronics manufacturers and solar cell producers. Its portfolio will include gases such as Silane, Ammonia, Nitrous Oxide, Phosphine mixtures, BCl3, Diborane, Germane/H2, HBr and SF6.
The move aligns with India's expanding semiconductor and electronics manufacturing ecosystem under Semicon India 2.0 and government incentives supporting domestic manufacturing. By building a reliable domestic specialty-gas supply chain, WCES aims to support India's manufacturing self-reliance while expanding its clean-energy and deep-tech business.
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