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

Indian equity market indices settled lower on Monday as investors booked profits amid a lack of fresh domestic triggers.

At the closing bell, the BSE Sensex closed lower by 452 points (down 0.5%).

Meanwhile, the NSE Nifty closed 120 points lower (down 0.4%).

Trent, Bajaj Finserv, Bharat Elec among the top gainers today

Axis Bank, Kotak Mahindra, and Maruti Suzuki, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,619, lower by 162 points at the time of writing.

The BSE MidCap index ended 0.6% higher, and the BSE SmallCap index ended 0.8% higher.

Sectoral indices were trading mixed today, with stocks in the services sector and the healthcare sector witnessing buying. Meanwhile, stocks in the metal sector and the realty sector witnessed selling pressure.

The rupee is trading at Rs 85.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% higher at Rs 96,000 per 10 grams.

Meanwhile, silver prices were trading 0.2% higher at Rs 105,475 per 1 kg.
 

Gujarat Industries Power Sees Big Rally

In the news from power sector, shares of Gujarat Industries Power surged 5% today after the company commissioned 105 MW out of 600 MW Solar Power Project at Kutch.

The company announced on 26 June 2025, that the 75 MW Vastan Group Captive Solar Power Plant was fully commissioned and commercially operationalised following the commercial operation and power supply of the second phase of 50 MW and the remaining capacity.

Gujarat Industries Power Company was established as a Public Limited Company. With a current installed capacity of 1184.4MW, the company is in the electrical power generation business. Thermal (gas and lignite) and renewable (wind and solar) power plants make up the company's diverse power generation portfolio.

To supply the 500 MW Surat Lignite Power Plant with fuel, GIPCL also runs its own limestone and lignite mines. GIPCL has become a strong force in the power generation industry over the years.
 

RVNL Wins Major Railway Contract Order

Moving on to the news from infrastructure industry, shares of Rail Vikas Nigam Ltd. (RVNL) increased after the company was the lowest bidder for a Rs 2.1 billion (bn) order from South Central Railway.

According to an exchange filing, the work involves designing, supplying, installing, testing, and commissioning overhead equipment (OHE) to upgrade the current 1x25kV system to a 2x25kV AT feeding system with feeder and earthing works in the Vijayawada division's Samalkot-Kakinada Port and Duvvada-Rajamundry sections under South Central Railway.

Within 24 months, the contract must be finished. Despite a weak FY25 performance, the state-run company reaffirmed in May its revenue guidance of Rs 2,000 bn to 2,200 bn for the current fiscal year.

Alembic Pharma Rises on FDA Approval

Moving on to the news from the pharma sector, shares of Alembic Pharma surged more than 10% after the company received USFDA approval for Doxorubicin Hydrochloride Injection.

It further stated that the approved ANDA is therapeutically equivalent to Baxter Healthcare Corporation's reference listed drug product (RLD), Doxil Liposome Injection, 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2 mg/mL).

This injection is used to treat certain types of cancer, including ovarian cancer, Kaposi's sarcoma (related to AIDS), and multiple myeloma.

The company has received a total of 224 approvals from USFDA, including 201 final and 23 tentative approvals for its generic drugs.

The company successfully passed a USFDA inspection at its Karakhadi facility from 17-21 March 2025, and received a positive Establishment Inspection Report (EIR) on 18 June 2025.
 

Titagarh Rail Systems Bags Big Order

Moving on to the news from the engineering sector, shares of Titagarh Rail Systems gained after the company announced an order win for the Pune Metro Rail Project.

In a regulatory filing, the company said the consortium of Titagarh Rail Systems Ltd and its associate firm, Titagarh Firema S.p.A, has received a Letter of Approval from Maharashtra Metro Rail Corporation Ltd.

Titagarh Rail Systems has received a new order worth Rs 430.53 crore to supply 12 additional trainsets for the Pune Metro Rail Project. This order is an extension of an existing contract for designing, manufacturing, and delivering electric trains.

The project is expected to be completed within 2.5 years.

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