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

Indian equity market indices Sensex and Nifty ended the final trading session of the week on a lower note, snapping a three-day winning streak. The decline was largely attributed to profit booking at higher levels and weakness in key sectors such as IT, FMCG, and private banking.

At the closing bell, the BSE Sensex closed higher by 388 points (down 0.4%).

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

Adani Port, SBI, and Bharti Airtel are among the top gainers today.

HCL Tech, ICICI Bank, and Trent, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,435, lower by 79 points at the time of writing.

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

Sectoral indices are trading mixed today, with stocks in the power sector and oil & gas sector witnessing buying. Meanwhile, stocks in the auto sector and banking 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 0.3% higher at Rs 109,39 per 10 grams.

Meanwhile, silver prices were trading 0.9% higher at Rs 128,285 per 1 kg.
 

Ramky Infra Surges on Massive Order

In the news from construction sector, shares of Ramky surged 8% after obtaining a Rs 20.8 billion (bn) Hybrid Annuity Model (HAM) project from the Hyderabad Metropolitan Water Supply and Sewerage Board.

The Godavari Drinking Water Supply Scheme Phases II and III are being carried out under the contract, which was given out under the Mallannasagar Water Supply scheme. In order to revitalise the Musi River, the project intends to direct Godavari water into the Osmansagar and Himayathsagar reservoirs.

According to the Hybrid Annuity Model, the project will be built over two years and then operated and maintained for ten years.

As of 30 June 2025, Ramky Infrastructure had an order book worth Rs 76.5 bn, or roughly 27% of its total order book, thanks to this order.
 

Hind Rectifiers Gain After Big Acquisition Deal

Moving on to the news from electrical sector, shares of Hind Rectifiers came in focus after the company announced that it would strategically acquire BeLink Solutions.

In order to improve its position in the global robotics and EMS markets, Hind Rectifiers Limited, a prominent producer of power semiconductors, power electronic equipment, and railway transportation systems, is happy to announce a strategic deal in Europe.

BeLink Solutions, a robotics, EMS, and electronics research and development firm with 38 years of experience in the electronics sector and based in France, has been acquired by the company.

Hind Rectifiers global presence is strengthened by this acquisition, which gives it a strategic manufacturing hub in Europe.

For roughly Rs 0.09 bn, Hind Rectifiers purchased the operations and business assets of BeLink Solutions through its proposed subsidiary. Internal funds will be used to pay the full amount in cash.

A total of Rs 0.18 bn is being invested in the subsidiary to support this. Hind Rectifiers will contribute Rs 0.09 bn of this as preference shares on its own.

Hind Rectifiers will own 66% of the remaining Rs 0.09 bn in equity shares, with the promoter group companies acquiring the remaining 34%.

Vodafone Idea Surges 12% on Relief News

Moving on to the news from telecom sector, shares of Vodafone Idea surges 12% after the Centre informed the Supreme Court that it does not dispute Vodafone Idea's argument regarding AGR dues, but that a solution is necessary because the Centre is also an equity holder.

The Supreme Court noted that these proceedings must have some degree of finality. The hearing on Vodafone Idea's appeal has been postponed until September 26.

The Supreme Court Registry set September 19 as the hearing date earlier this week for Vodafone Idea, a heavily indebted telecom company, to contest the Department of Telecom's (DoT) demand for additional adjusted gross revenue (AGR).

The company argued that DoT's demand for Rs 94.5 bn in additional AGR dues was beyond the purview of the Court's earlier ruling on AGR liabilities, so it petitioned the top court to set it aside.

Vodafone Idea's disputed dues amount to Rs 94.5 bn. This includes Rs 27.7 bn from FY18-19 after the merger with Idea Group and Rs 56.7 bn related to Vodafone Group's pre-merger period. Vodafone Idea disputes the calculation, citing duplication of some amounts and seeks a fresh review starting from before FY17.

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