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

Indian equity market indices Sensex and Nifty closed lower on Friday, amid reports of the US considering a fresh probe against China in their 2020 trade deal.

At the closing bell, the BSE Sensex closed lower by 345 points (down 0.4%).

Meanwhile, the NSE Nifty closed 96 points lower (down 0.4%).

ICICI Bank, Bharati Airtel, and Sun Pharma are among the top gainers today.

HUL, Adai Ports, and HDFC Bank, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,822, lower by 138 points at the time of writing.

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

Sectoral indices are trading mixed today, with stocks in the metal sector and, telecommunication sector witnessing buying. Meanwhile, stocks in the banking sector and the healthcare sector witnessed selling pressure.

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

Gold prices for the latest contract on MCX are trading 1.6% lower at Rs 122,000 per 10 grams.

Meanwhile, silver prices were trading 1.8% lower at Rs 145,844 per 1 kg.
 

Adani Group Deal Lifts Bondada Shares

In the news from industrial sector, shares of Bondad Engineering sector came into focus after the company secured a letter of intent (LOI) from Adani Group.

The 650 MW solar power project at Gujarat's Khavda Renewable Energy Park involves the supply of goods for the balance of system (BOS).

It covers all aspects of material design, engineering, manufacturing, procurement, quality control, packing, and site delivery.

Along with related civil, mechanical, electrical, and structural work necessary for a successful project commissioning, the scope also includes onsite services such as receiving, unloading, storing, handling, installing, testing, and commissioning free-issue materials. Without taxes, the order is valued at Rs 10.5 billion (bn).

JMR Clean Energy recently sent a Letter of Intent (LOI) to Bondada Green Engineering, the company's subsidiary, for the supply of column posts and MMS Galvalume for MSEDCL solar projects. The estimated cost of the order was more than Rs 0.3 bn.

Bondada Engineering is a company based in India, primarily known for its involvement in engineering, construction, and infrastructure-related services. It is known for providing solutions in various sectors, including civil engineering, electrical, mechanical, and other related fields.
 

Vedanta Gains on Massive Odisha Investment

Moving on to the news from mining sector, shares of Vedanta surged 3% after the group said it will invest an additional Rs 1,000 bn in Odisha, helping create over 1 lakh employment opportunities.

The announcement came after Vedanta Chairman Anil Agarwal presented the investment proposal to Chief Minister Mohan Charan Majhi in Bhubaneswar.

The CEO of Vedanta's aluminium division revealed last month that the company is purchasing land for a 3 million tonnes per annum (MTPA) aluminium smelter in Dhenkanal as part of its strategy to double capacity from the current 3 MTPA.

Another significant step in the company's industrial growth in the state was taken that same month when Ferro Alloys Corporation (FACOR), a Vedanta Group company, laid the cornerstone for its ferrochrome plant in Bhadrak.
 

South India Paper Mills Q2 Results

Moving on to the news from paper sector, shares of South India Paper Mills came into focus after the company reported its Q2 FY26 results.

Its operating revenue was Rs 1.1 bn, up from Rs 1 bn in the previous year (Y-o-Y).

Its total revenue for the quarter was Rs 1.1 bn, up from Rs 1 bn crore a year earlier, and its total expenses for the quarter were Rs 1.1 bn, up from Rs 1.04 bn a year earlier.

South India Paper Mills reported a net profit of Rs 0.03 bn in the second quarter (Q2FY26), compared to a loss of Rs 0.01 bn in the same period last year.

South India Paper Mills, based in Nanjangud near Bengaluru, Karnataka, manufactures paper, paperboards, and cartons using recycled paper and some purchased pulp.

The company started its packaging division in 2007-08 to offer high-quality, world-class paper packaging. With advanced board and box-making equipment and improved paper quality, it aims to provide better value to its customers.

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