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 lower on Friday, with market breadth in favour of the bears amid weak global cues.

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

Meanwhile, the NSE Nifty closed 124 points lower (down 0.4%).

M&M, ITC, and Infosys are among the top gainers today.

Tata Steel, HCL Tech, and Bajaj Finance, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  26,061 at 156 points lower at the time of writing.

The BSE MidCap index ended 1% lower, and the BSE SmallCap index ended 1.3% lower.

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

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

Gold prices for the latest contract on MCX are trading 0.1% higher at Rs 122,938 per grams.

Meanwhile, silver prices were trading 1.8% lower at Rs 151,388 per 1 kg.
 

Zaggle Powers BIBA With Zoyer Platform

In the news from IT sector, Zaggle Prepaid Ocean Services has signed a 36-month deal with BIBA Fashion to provide its enterprise platform, Zaggle Zoyer. The partnership is aimed at helping Zaggle grow its presence in the retail and fashion sector.

The company shared the update through an official exchange filing but did not reveal the financial details of the contract. The deal is considered a standard domestic service agreement, like other enterprise software partnerships.

Under this agreement, Zaggle will implement its Zoyer platform for BIBA Fashion. The platform offers tools for workflow automation, expense management, and digital processing to make day-to-day business operations smoother and more efficient.

Through this collaboration, Zaggle hopes to strengthen its position with enterprise clients, especially in the consumer and fashion industries, and continue promoting Zoyer as a versatile workflow and expense management solution for businesses.
 

Urja Global Soars with Solarmint JV

Moving on to the news from power sector, Urja Global's shares gained attention after the company entered a three-year Joint Venture (JV) with Solarmint Energies.

Under this agreement, Solarmint will manufacture Urja-branded solar panels, while Urja will handle marketing, sales, and distribution across India. Products will be priced on a cost-plus-profit basis, and the contract can be renewed if both parties agree.

The company clarified that this JV will not affect its management or control.

Urja Global is an Indian renewable energy company involved in designing, supplying, installing, and maintaining both off-grid and grid-connected solar power plants. The company also operates in IT & ITES, travel, and education sectors, with a presence globally.
 

AWL Agri Slides After Major Stake Sale

Shares of AWL Agri Business Ltd. (formerly Adani Wilmar Ltd) fell over 4% on Tuesday after around 6.8% of the company's equity changed hands in multiple block trade. About 87.9 million shares were traded in 13 separate deals, according to Bloomberg.

Earlier this week, the Adani Group had sold a 13% stake in AWL, reducing its holding to 7%. With the latest sales, Adani Enterprises has fully achieved its 44% stake in AWL's agri business.

Following these changes, Singapore-based Wilmar International now becomes the sole promoter, holding an estimated 57% stake. This marks a major shift in the company's ownership, giving AWL a clear multinational profile.

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