After opening on a lower note, Indian benchmark indices extended their downward momentum throughout the session, ending week's first trading session in the red.

The BSE and the NSE benchmark indices ended the week's first trading session in negative territory, primarily due to profit booking at higher levels.

At the closing bell, the BSE Sensex closed lower by 271 points (down 0.3%)

Meanwhile, the NSE Nifty closed points 74 lower (down 0.3%)

Power Grid Corp, Bajaj Finance, and SBI are among the top gainers today

Infosys, TCS, and Tech Mahindra, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,95,9, lower by 130 points at the time of writing.

The BSE MidCap index ended 0.3% higher, and the BSE SmallCap index ended 0.8% higher.

Sectoral indices were trading mixed today, with stocks in the media sector and the IT sector witnessing selling pressure. Meanwhile, stocks in the realty sector and the healthcare sector witnessed buying.

The rupee is trading at Rs 85.4 against the US$.

Gold prices for the latest contract on MCX are trading 1.2% higher at Rs 93,581 per 10 grams.

Meanwhile, silver prices were trading 0.7% Higher at Rs 95,980 per 1 kg.
 

Reliance Power Shares Surge on Partnership Deal

In the news from power sector, shares of Reliance Power surged 3.7% after the company announced a long-term Power Purchase Agreement (PPA) with Green Digital Private Limited, owned by the Royal Government of Bhutan.

Reliance Power and the Royal Government of Bhutan will work together to construct a 500 MW solar power project in Bhutan with an investment of Rs 20 billion (bn). This will be the largest foreign direct investment from the private sector in Bhutan's solar energy sector.

The 500MW solar project will be developed in phases over 2 years, supporting Bhutan's sustainability goals and South Asia's energy transition plans.

Reliance Power's market value is Rs 184.7 bn.

Shares of Reliance Power have increased by almost 3% so far this year.

Protean eGov Shares Crashes Sharply

Moving on to the news from IT sector, shares of Protean eGov Technologies dropped 20% after the Income Tax Department rejected its bid for a contract.

Protean eGov Technologies announced that the Income Tax department rejected its bid for the PAN 2.0. The company had participated in the Request for Proposals (RPF) to be the managed service provider (MSP) for the design, development, implementation, operations and maintenance of its PAN 2.0 project.

Despite this setback, the company stated that the rejection is unlikely to significantly impact its ongoing PAN processing and issuance services with the Income Tax Department.

Protean eGov Technologies is an Indian company that provides digital solutions for government services, including e-taxation, online payments and identify management to improve citizen engagement and government operations.

It also partners with government and private entities to create digital platforms that promote transparency and efficiency in areas like education, healthcare and welfare, driving India's digital growth.
 

Zodiac Energy Announces Q4 Results and Dividend

Moving on to the news from energy sector, shares of Zodiac Energy surged 19.9% after the company announced its Q4FY25 results.

Q4 Revenue jumped 61% to Rs 1.7 bn compared to Rs 1.1 bn.

Zodiac Energy's EBITDA increased Rs 0.2 bn in Q4FY25, representing 100% growth compared to Rs 0.1 bn in Q4FY24.

EBITDA margin slightly increased to 5.5% from 5.3% last year, showing a 0.2% improvement.

The company's net profit jumped 66% to Rs 0.1 bn in Q4FY25 compared to Rs 0.05 bn in the same period last year.

The company's board of directors have recommended a final dividend of Rs 0.75 per share having face value of Rs 10 each. Approval from shareholders in the upcoming annual general meeting.

Zodiac Energy is a solar energy company with more than 30 years of experience. They design, install and maintain solar power systems for big clients like Adani Group, Torrent power, and RBI operating mainly from Ahmedabad, Nadiad and Lucknow.

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