Although the benchmark indices opened higher, they traded on a positive note throughout the session and ultimately closed green.
Indian equity benchmarks indices, Sensex and Nifty50 snapped a four-day losing streak as global equities advanced on reduced bets about faster rate hikes by the US Federal Reserve.
At the closing bell, the BSE Sensex closed 473 points higher (up 0.6%)
Meanwhile, the NSE Nifty closed 134 points higher (up 0.6%)
ITC, Eternal, Bajaj Finance are the top gainers today.
HCL Tech, HDFC Bank, Sun Pharma on the other hand, were among the top losers today.
The GIFT Nifty was trading at 22,604 with 113 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.2% higher and the BSE 250 SmallCap index is trading 0.3% higher.
Sectoral indices traded mixed today, with selling pressure witnessed in the healthcare sector and IT sector, while services and banking stocks attracted buying interest.
The rupee is trading at Rs 96.2 against the US$.
Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 1,49,940 per 10 grams.
Meanwhile, silver prices were trading 0.9% higher at 2,27,900 per 1 kg.
Sammaan Capital Q2 FY27 Results
Shares of Sammaan Capital came into focus after the company reported its Q2 FY27 results.
In its provisional September quarter (Q2FY27) business update, Sammaan Capital reported a strong 54.8% quarter-on-quarter (QoQ) growth in disbursements.
Disbursements during Q2FY27 stood at approximately Rs 600 billion, compared with Rs 387.5 billion in Q1FY27.
Sammaan Capital said healthy disbursements and collections reflected the overall quality of its franchise.
Assets Under Management (AUM) grew nearly 5% QoQ to Rs 5,900 billion as of September 30, 2026, from Rs 5,623.9 billion as of June 30, 2026.
The company also expanded its distribution footprint, increasing its branch network to 245 branches and adding more than 30,700 new customers during Q2FY27.
Avenue Supermarts Q2 FY27 Results
Avenue Supermarts (DMart) reported standalone revenue of Rs 192.06 billion in Q2FY27, registering an 18.4% year-on-year (YoY) growth from Rs 162.19 billion in Q2FY26.
Revenue growth was supported by continued store expansion, with the company adding 15 stores quarter-on-quarter (QoQ), taking its total store count to 518 as of September 2026, compared with 503 in Q1FY27.
Store additions in Q2FY27 were significantly higher than the three stores added in Q1FY27.
Avenue Supermarts operates in the organised retail segment through its DMart chain of stores.
Shyam Metalics Signs Maharashtra Steel Plant MoU
Shyam Metalics & Energy Ltd has signed a memorandum of understanding (MoU) with the Maharashtra government to set up a 9 million tonnes per annum (MTPA) integrated steel plant in Chandrapur, with a proposed investment of Rs 500 billion, the company said in an exchange filing.
The project is among the largest proposed single industrial investments in the Vidarbha region and is expected to strengthen Maharashtra's manufacturing sector while increasing India's domestic steel production capacity.
The greenfield project will be developed in two phases. The first phase will have 3.75 MTPA of finished steel capacity, while the second phase will add another 5.25 MTPA. The plant will cover the entire steel-making process, including pelletisation, sintering, coke making, ironmaking, steel melting, casting, rolling and finishing.
Chandrapur was selected due to its proximity to key raw materials, including iron ore reserves in Gadchiroli, coal deposits in the Chandrapur region, and supplies of limestone and dolomite. Good rail, road and power connectivity also supported the location choice.
The project is expected to create around 10,000 direct and 20,000 indirect jobs. It could also benefit local MSMEs, engineering and fabrication companies, as well as transport and logistics businesses.
The proposed plant will significantly increase Shyam Metalics' production capacity. The company currently has 16.93 MTPA of installed metal capacity across the steel value chain, supported by 467 MW of captive power capacity.
The new complex is expected to produce value-added steel for sectors such as infrastructure, construction, automobiles, railways, renewable energy, oil and gas, and heavy engineering, helping strengthen domestic supply chains.
Comments
Log in or sign up to join the conversation.