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

Indian equity market indices Sensex and Nifty ended lower on Monday after a choppy session, even as global markets saw buying interest.

At the closing bell, the BSE Sensex closed lower by 400 points (down 0.4%).

Meanwhile, the NSE Nifty closed 108 points lower (down 0.4%).

Tech Mahindra, Asian Paints, and HCL Tech are among the top gainers today.

Bharat Elec, Tata Steel, and M&M, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,965, higher at the time of writing.

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

Barring the media and IT sector, all other sectoral indices are trading negatively today, with stocks in the metal sector and the oil & gas sector witnessing selling pressure.

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

Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 123,221 per gram.

Meanwhile, silver prices were trading 0.4% lower at Rs 153,480 per 1 kg.
 

TeamLease Soars After India Labour Reform

In the news from finance sector, Shares of TeamLease came into focus after the government announced the biggest overhaul of India's labour framework in decades by implementing the new labour codes.

On Friday, the government announced that four Labour Codes, the Code on Wages (2019), Industrial Relations Code (2020), Code on Social Security (2020), and Occupational Safety, Health and Working Conditions Code (2020), will take effect from November 21.

According to the Press Information Bureau (PIB), these new codes combine 29 old central labour laws into a simpler system. The goal is to improve worker welfare, reduce paperwork for businesses, and modernize India's labour rules to match global standards.

The reforms will benefit workers across many areas, including gig and platform workers, as well as beedi and cigar workers.
 

Bigbloc Rises After Rooftop Solar Deal

Bigbloc Construction's shares went up after the company announced that a 0.7 MW rooftop solar plant at its subsidiary, Starbigbloc Building Material Ltd, has been successfully started and is now operational.

According to the company, this solar plant is an important step toward sustainability and reducing costs.

It will cut reliance on grid electricity, lower long-term power expenses, improve overall efficiency, and support the company's renewable energy and carbon-reduction goals.
 

NBCC Shares Rise After New Orders

NBCC (India)'s shares rose after the company announced it received new orders totaling Rs 1.2 bn (excluding GST) from multiple clients.

The company secured a Rs 0.3 bn order from the National Institute for Empowerment of Persons with Multiple Disabilities (NIEPMD) to provide project management services for building a new campus at Pudhupatti, Madurai.

It also won a Rs 0.4 bn order from the National Horticulture Board for planning, designing, and executing projects at the International Potato Centre in Agra, along with other related works.

Additionally, NBCC received a Rs 0.45 bn order from Canara Bank for construction of its Regional/Circle Office Building in Ranchi, Jharkhand. These orders mark a significant boost for the company's ongoing construction projects.
 

Sical Rises After Gati Shakti Approval

The Southern Railway, Chennai division, under Indian Railways, has approved the commissioning of the Gati Shakti Cargo Terminal, developed by Sical Multimodal and Rail Transport Limited, a subsidiary of Sical Logistics.

Located in Anuppampattu village near Ponneri, Tamil Nadu, the terminal is set to begin commercial operations. This development is expected to significantly strengthen the company's logistics capabilities and contribute meaningfully to its long-term revenue growth, according to company filings.

Sical Logistics is an Indian integrated logistics solutions provider, specializing in end-to-end logistics services. In 2011, the company was acquired by the Coffee Day Group, which has diversified interests spanning coffee retail, technology and embedded solutions, technology parks, SEZs, and hospitality.

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