Although the benchmark indices opened lower, they traded positively throughout the session and ultimately closed green.

Indian equity benchmarks, Sensex and Nifty, rebounded on Thursday, ending a three-day losing streak, after the US Federal Reserve cut its key interest rate by 25 basis points.

At the closing bell, the BSE Sensex closed higher by 427 points (up 0.5%).

Meanwhile, the NSE Nifty closed 140 points higher (up 0.5%).

Tata Steel, Eternal, and Kotak Mahindra are among the top gainers today.

Asian Paints, Bharti Airtel, and Bajaj Finance, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  26,012 higher 177 points higher at the time of writing.

The BSE MidCap index ended 0.7 higher, and the BSE SmallCap index ended 0.5% higher.

Barring the oil & gas sector, all other sectoral indices are trading positively today, with stocks in the IT sector and realty sector witnessing buying.

The rupee is trading at Rs 89.9 against the US$.

Gold prices for the latest contract on MCX are trading 0.8% higher at Rs 130,850 per gram.

Meanwhile, silver prices were trading 2.6% higher at Rs 193,707 per 1 kg.
 

Tejas Networks Rises on New Deal

In the news from the telecom sector, shares of Tejas Networks came into focus after the company announced that it has secured IP routing equipment purchase contracts for 7 of the 12 BharatNet Phase-III packages awarded so far, making it the largest supplier in terms of the number of packages won.

As part of this nationwide rollout, Tejas Networks will supply its TJ1400 series of next-generation access and aggregation routers. These routers are designed and developed in India and are widely used in critical networks.

Under BharatNet Phase III, these routers will be installed across nine states: Bihar, Goa, Karnataka, Kerala, Madhya Pradesh, Uttarakhand, Arunachal Pradesh, Nagaland, and Manipur, as well as five union territories. In total, over 50,000 TJ1400 routers will be deployed across 57,000 Gram Panchayats and 2,000 Blocks.
 

Prestige Estates Gains with New Acquisition

Moving on to the news from real estate sector, shares of Prestige Estates Projects Ltd surged after the company's subsidiaries, Prestige Falcon Realty and Prestige Projects, acquired a partnership interest worth Rs 9.4 billion (bn) in Bharatnagar Buildcon LLP.

Prestige Estates announced that its subsidiaries, Prestige Falcon Realty and Prestige Projects, have acquired a stake in Bharatnagar Buildcon LLP. After the deal, the company now indirectly owns 66.93% of the LLP.

The subsidiaries invested Rs 9.4 bn into the LLP through capital and current account contributions. Prestige Estates said the acquisition is part of its business strategy and will help strengthen and consolidate its stake in the company.

Chairman and MD of Prestige Group said the company has maintained consistent financial and operational performance. With several new projects lined up, he added that the company is well-positioned to continue its growth for the rest of the year.
 

Vedanta to Double Production in Rajasthan

Mining major Vedanta Group announced on Wednesday that it plans to invest Rs 1,000 bn in Rajasthan to double its production of zinc, lead, silver, oil and gas, and renewable energy.

This new investment follows Vedanta's earlier investment of over Rs 1,500 bn in the state. Over the past decade, the company has given nearly Rs 3,000 bn to state and national finances.

Two of Vedanta's main businesses, Hindustan Zinc Ltd, the world's largest integrated zinc producer, and Cairn Oil & Gas, operate their largest facilities in Rajasthan.

In October, Vedanta also announced an extra Rs 1,000 bn investment in Odisha to build three new plants, one for ferro-alloys and two for aluminum. This raises its total investment in the state to about Rs 2,000 billion.

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