After opening the day lower, the benchmark indices continued their downward momentum, ended the session in the red.

Indian equity market indices Senex and Nifty closed lower on Monday, ending a two-day winning streak. The decline tracked weakness across Asia after US President Donald Trump warned Friday night of restrictive tariffs on China. While his tone softened by Sunday, investors remain cautious about the risk of a renewed US-China trade war.

At the closing bell, the BSE Sensex closed lower by 174 points (down 0.2%).

Meanwhile, the NSE Nifty closed 58 points lower (down 0.2%).

Adani Ports, Bajaj Finance, and Bharti Airtel are among the top gainers today.

Tata Motors, HUL, and UltraTech Cement, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,312, lower by 90 points at the time of writing.

The BSE MidCap index ended 0.2% lower, and the BSE SmallCap index ended 0.4% lower.

Sectoral indices are trading mixed today, with stocks in the media sector and IT sector witnessing selling pressure. Meanwhile, stocks in the power sector and the banking sector witnessed buying.

The rupee is trading at Rs 88.7 against the US$.

Gold prices for the latest contract on MCX are trading 1.9% higher at Rs 123,870 per 10 grams.

Meanwhile, silver prices were trading 4.1% higher at Rs 152,510 per 1 kg.
 

Welspun Enterprises Soars on Contract Wins

In the news from infrastructure sector, shares of Welspun Enterprises surged following fund-raising plans and its emergence as the lowest bidder for two contracts worth over Rs 100 billion (bn).

On Wednesday, 15 October 2025, the Board of Directors of Welspun Enterprises will meet to discuss a few issues, including a plan to raise money by issuing convertible equity warrants through a preferential issue, pending shareholder approval and regulatory approval.

Welspun discloses new projects after receiving the Letter of Award. However, for transparency, the company has voluntarily announced being the L1 bidder for two major projects.

Welspun Enterprises will build a 6-lane highway from Pune to Shirur on a toll basis, with a 29-year concession period and a total project cost of Rs 73 bn. The project will be completed in four years.

The company will also develop a 910 MLD water treatment plant at Panjrapur, Maharashtra, under a Design, Build, and Operate contract worth Rs 31.5 bn, with 15 years of operation and maintenance, in partnership with Veolia Water Technologies, Malaysia.
 

Tara Chand Infralogistics Soars on Order

Moving on to the news from service sector, shares of Tara Chand Infralogistics surged 5.4% after the company announced that it has won receipt of domestic orders from independent companies of a consolidated value of Rs 0.6 bn.

According to the company, the orders are related to the deployment of advanced technology and skilled labour for the purpose of renting out equipment and performing specialised contract services. The contracts will be executed over a one-year period, ending by the end of Q2 FY2026-27, with the start date set for Q3 of FY2025-26.

This order confirms the company's growth path and showcases its strong ability to deliver integrated infrastructure solutions.

Tara Chand Infra provides infrastructure development and industrial capacity expansion services through three main verticals: warehousing and transportation, construction equipment rental, and turnkey project execution.
 

Kotak Bank Completes Microfinance Merger Deal

Moving on to the news from banking sector, shares of Kotak Mahindra Bank came into focus after the bank announced it has completed the merger of its microfinance subsidiaries, Sonata Finance and BSS Microfinance, effective 11 October 2025.

The merger will help Kotak Bank streamline its microfinance operations, achieve operational efficiencies, consolidate its market presence, and simplify regulatory compliance, ultimately strengthening its position in the microfinance sector.

Kotak Mahindra Bank informed stock exchanges and its website about the merger as per SEBI regulations, ensuring transparency for stakeholders.

The merger is a strategic move by Kotak Mahindra Bank to strengthen its position in the microfinance sector.

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