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

Indian equity markets indices, Sensex and Nifty, settled lower on Thursday as investors remained cautious amid the lacklustre beginning of June quarter earnings domestically, and US President Donald Trump's comments on the India-US trade deal globally.

At the closing bell, the BSE Sensex  closed lower by 375 points (down 0.5%)

Meanwhile, the NSE Nifty closed 100 points lower (down 0.4%)

Tata Steel, M&M, Trent among the top gainers today

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

The GIFT Nifty was trading at  25,16,0 lower by 70 points at the time of writing.

The BSE MidCap index ended 0.1% higher, and the BSE SmallCap index ended 0.2% higher.

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

The rupee is trading at Rs 86.0 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% lower at Rs 97,286 per 10 grams.

Meanwhile, silver prices were trading 0.1% lower at Rs 111,455 per 1 kg.
 

Newgen Software Drops 6% after Weak Q1

In the new from IT sector, shares of Newgen Software Ltd. dropped as much as 6% on Thursday following the release of its June quarter results.

On an annual basis, the business's operational performance was subpar. Its margins also shrank to 14% from 15% the previous year, and its earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 6% to Rs 0.5 billion (bn).

During the quarter, the company's operating performance was negatively impacted by increased finance and employee benefit costs.

Expenses for employee benefits rose from Rs 1.7 bn to Rs 1.8 bn during the quarter.

The quarter's revenue climbed 2% year over year to Rs 3.2 bn, and the net profit increased 4% from the same period last year to Rs 0.5 bn from Rs 0.4 bn.

India's business revenue grew slightly year over year, but it significantly decreased when compared to the March quarter, one of Newgen's primary geographies.

European business revenue also declined to Rs 1 bn from Rs 1.3 bn in the previous quarter.

APAC revenue was flat year over year and fell to Rs 0.4 bn from Rs 0.6 bn in the previous quarter.

Additionally, US business revenue decreased from the March quarter but stayed unchanged from the previous year.
 

Angle One Q1 Profit Drops

Moving on to the news from finance sector, shares of Angle One has gained on Thursday even after the company reported steep fall in the net profit for Q1 FY26.

Revenue decreased dropped 19% YoY to Rs 11.4 bn from Rs 14.5 bn in Q1 FY25.

EBITDA declining 41.7% to Rs 2.7 bn from Rs 4.7 bn and EBITDA margins contracting to 24.04% from 33.44%, operating performance declined.

Its wealth management vertical experienced robust growth despite the general downturn; its clientele surpassed 1,000, and its AUM increased 33.6% sequentially to Rs 50.7 bn

The client funding book in broking reached a record-breaking Rs 48 bn. Additionally, the company added two new AMC schemes during the quarter and saw a sequential increase in credit disbursals of 123.6%.

Chairman of the company said that India is about to undergo a financial revolution. The company uses platform intelligence and data to deliver engaging, cost-effective services.

Godrej Properties Acquire 50 Acres in Raipur

Moving on to the news from real estate, shares of Godrej properties surged 2% after the company has entered Raipur by buying a 50-acre land near Old Dhamtari Road, a growing residential area.

With an estimated saleable area of 9.5 lakh square feet, the planned development will be a high-end residential plot.

The land is well-connected to central Raipur, railway station, and airport. It's also near upcoming highways, has good infrastructure, and is close to major roads, making it ideal for residential development.

CEO of the company said that this acquisition represents another important step in our expansion journey as we continue to strengthen our presence in key micro-markets across India.

The action is in line with the company's plan to use plotted developments to target high-growth areas and take advantage of the rising demand for gated communities and privately owned land parcels.

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