After opening in green, equity benchmark remained in the positive territory as the session progressed and ended the day 0.5% higher.

Benchmark Indian equity indices settled in the positive territory on Monday, led by gains in Auto, IT and Metal stocks.

At the closing bell, the BSE Sensex stood higher by 455 points (up 0.6%).

Meanwhile, the NSE Nifty closed higher by 148 points (up 0.6%).

M&M, Trent, and Hindalco were the top gainers today.

Eternal, Sun Pharma, and Kotak Mahindra Bank, on the other hand, were among the top losers today.

The GIFT Nifty ended at 25,024, up by 141 points.

The BSE Mid Cap ended 0.6% higher, and the BSE Small Cap index ended 0.5% higher.

All the other sectoral indices are trading on a positive note, with stocks in the capital goods sector, the auto sector, and the IT sector witnessing selling pressure.

The rupee is trading at 85.1 against the US$.

Gold prices for the latest contract on MCX are trading 0.9% lower at Rs 95,596 per 10 grams.

Meanwhile, silver prices are trading 0.3% lower at Rs 97,749 per 1 kg.
 

Why BEML Share Price is Rising?

In news from the engineering sector, BEML's share price surged 10.8% on Monday, 26 May 2025, reaching an intraday high of Rs 4,117.70 on the BSE, extending its rally for the second day in a row following the company's strong Q4 results.

The company reported a 9% year-on-year increase in revenue for Q4FY25, rising to Rs 16.53 bn from Rs 15.14 bn in the same quarter last year.

This healthy top-line growth highlighted steady demand and effective business execution.

Consolidated net profit also saw a solid jump of 12% year-on-year, climbing to Rs 2.88 bn from Rs 2.57 bn a year ago. This improvement in profitability boosted investor confidence, signalling efficient cost management alongside rising sales.

BEML's robust order book further supported the positive outlook. As of 31 March 2025, the company's order book stood at Rs 10.35 bn, while it successfully executed orders worth Rs 15.64 bn during the quarter, reflecting strong ongoing business momentum.

Additionally, the company's total inventory increased slightly to Rs 23.79 bn compared to Rs 22.56 bn the previous year, indicating readiness to meet future demand.

Paytm Jumps 2% Today. Here's Why?

Moving on to news from the fintech space, shares of digital platform Paytm gained nearly 2% in the early trade on Monday after a company filing said that the Supreme Court has stayed a GST show cause notice worth Rs 57.1 bn against its private subsidiary First Games Technology.

On May 24, Paytm informed the exchanges that the Supreme Court has granted a stay on the proceedings related to a show cause notice issued by the Directorate General of GST Intelligence (DGGI) to its subsidiary, First Games. The notice pertains to a proposed GST liability of Rs 5,712 crore. With this stay, no further action will be taken on the notice until the Supreme Court delivers a final verdict.

Previously, in late April, the company had disclosed that the DGGI was of the view that GST should be levied at 28% on the total entry amount collected by gaming platforms, as opposed to the 18% tax paid on platform fees. The matter is part of a broader issue affecting several gaming companies, many of whom have received similar notices. The case is currently being heard in the Supreme Court, which has granted interim relief by halting further proceedings.
 

Leela Hotels IPO Subscribed 5%. Here's Why?

Moving on, the Rs 35 bn IPO of Schloss Bangalore, the operator of luxury hotels and resorts chain under The Leela brand, was subscribed to around 5% on its first day of the bidding on 26 May 2025 so far.

Schloss Bangalore's IPO received bids for nearly 2.18 million shares, compared to the offer size of 466 million shares, according to NSE data as of around 2 pm. The portion reserved for retail investors was subscribed by 14%, while Non-Institutional Investors (NII) booked 1% of their reserved quota. Qualified Institutional Buyers (QIBs) subscribed nearly 3% of the shares allotted to them.

The IPO consists of a fresh issue worth Rs 25 bn and an offer-for-sale of Rs 10 bn by promoter Project Ballet Bangalore Holdings (DIFC). The issue is open for subscription from 26 May to 28 May, with a price band set at Rs 413-435 per share.

Ahead of their listing, the unlisted shares of the company were trading at Rs 450 apiece in the grey market, according to Investorgain.

This implies a grey market premium (GMP) of around 3.5% (Rs 15) over the IPO price of Rs 435 apiece.

More By This Author:

Sensex Today Rallies 700 Points; Nifty Above 25,000
Sensex Today Rallies 769 Points; Nifty Ends Above 24,800
Sensex Today Rallies 480 Points; Nifty Above 24,750