After opening the day higher, the benchmark indices continued their upward momentum, ended the session in green.

Indian equity market indices, Sensex and Nifty, closed higher on Wednesday, hoping for an earlier-than-expected India-US trade deal.

At the closing bell, the BSE Sensex closed higher by 313 points (up 0.4%).

Meanwhile, the NSE Nifty closed 91 points higher (up 0.4%).

SBI, Bharat Elec, Kand otak Mahindra are among the top gainers today.

Titan Company, Bajaj Finance, and HUL, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,336, higher by 156 points at the time of writing.

The BSE MidCap index ended 0.2% higher, and the BSE SmallCap index ended 0.5% higher.

Sectoral indices are trading mixed today, with stocks in the media sector and the realty sector witnessing buying. Meanwhile, stocks in the telecommunications sector and the auto sector witnessed selling pressure.

The rupee is trading at Rs 88.1 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 109,300 per 10 grams.

Meanwhile, silver prices were trading 2% lower at Rs 125,860 per 1 kg.
 

Premier Explosives Soars on Regulatory Relief

In the news from the defence sector, shares of Premier Explosive surged 9% as the Telangana Pollution Control Board (TGPCB) lifted the closure order on its Katepally facility, allowing production to resume.

Premier Explosives reported that the recent accident had a limited financial impact, with damage confined to a section of the propellant line. Production of tactical missiles at its Peddakunkuur facility in Telangana continued with minimal disruption.

The company faced a major setback in producing large-diameter rocket motors for agencies like ASL and ISRO, expecting revenue losses of Rs 0.3 billion (bn) over two years. Rebuilding the damaged buildings at the Katepally site is estimated to take around two years.
 

Hyundai India Shares Surge on Wage Deal

Moving on to the news from auto sector, shares of Hyundai India came in focus after the company announced a wage settlement agreement with its union, including an industry-best monthly salary increase of Rs 31,000.

According to the automaker, the increase of Rs 31,000 per month will be spread out over three years in the following ratios: 55%, 25%, and 20%. It further stated that it will keep offering cutting-edge wellness initiatives and the best health coverage available.

This agreement reflects a shared commitment to employee welfare and long-term organizational growth, said Function Head - People Strategy at Hyundai Motor India.

The United Union of Hyundai Employees represents nearly 1,981 employees, about 90% of Hyundai Motor India's technician and workmen staff.
 

Krystal Integrated Wins Major Andhra Contract

Moving on to the news service sector, shares of Kyrstal Integrated came in focus after the company has secured a Rs 1.6 bn contract from the Director of Medical Education in Vijayawada, Andhra Pradesh.

For three years, hospitals and other institutions under DME's supervision will receive sanitation (housekeeping) services under Package-I.

Srikakulam, Vizianagaram, Parvathipuram Manyam, Alluri Sitaramaraju, Visakhapatnam, Anakapalli, Kakinada, Konaseema, and East Godavari are among the districts that are covered by the contract.

The CEO of Krystal Integrated Services said the company remains committed to high standards of hygiene, operational excellence, and making a real social impact. The company has also incorporated subsidiaries like Krystal Ports and Harbour for port-related businesses.

To plan, design, develop, build, operate, and maintain water resource projects, such as irrigation systems, water treatment plants, desalination plants, wastewater and sewage treatment plants, and water supply systems, the company also established Krystal Water Resources.

Dreamfolks Shares Plummet on Lounge Exit

Moving on to the news from service sector, the share of Dreamfolks Service dropped 5% after the company announced it would discontinue its domestic airport lounge services, citing a material impact on its operations and financial performance.

Dreamfolks had announced in August that three of its clients, including Encalm Hospitality, the third-largest lounge operator in the nation, would terminate their agreements with the airport lounge access provider.

Adani Digital and Semolina Kitchens will also terminate their contracts, Dreamfolks said in an exchange filing. Without providing more information, it stated that Dreamfolks' financial operations would be significantly impacted by the termination of the contracts.

The company connects lounge operators with passengers and card networks but faced issues when airport operators started providing direct lounge access.

Dreamfolks is a travel and lifestyle services company that uses technology to make airport experiences better for travellers.

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