After opening the day higher, the benchmark indices continued their upward momentum and ended the session in green.

Indian equity market indices, Sensex and Nifty, gave up most of their gains towards the end of the session but still managed to close higher on Monday.

At the closing bell, the BSE Sensex closed higher by 76 points (up 0.1%).

Meanwhile, the NSE Nifty closed 32 points higher (up 0.1%).

M&M, Tata Motors, Aand dani Port among the top gainers today.

Trent, Asian Paints, and Tech Mahindra, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,892, higher by 50 points at the time of writing.

The BSE MidCap index ended 0.3% higher, and the BSE SmallCap index ended 0.3% higher.

Sectoral indices are trading mixed today, with stocks in the auto sector and the services sector witnessing buying. Meanwhile, stocks in the media sector and the IT 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 108,057 per 10 grams.

Meanwhile, silver prices were trading 0.6% higher at Rs 125,542 per 1 kg.
 

Vikram Solar Shares Surge on L&T Order

In the news from electronic technology sector, shares of Vikram surged 8% after the company secured a major contract from L&T Construction to supply 336 MW of high-efficiency solar modules for the Khavda Renewable Energy Park in Gujarat.

Vikram Solar will supply its state-of-the-art Hypersol G12R modules, which make use of N-type technology, as per this agreement.

The new module from Vikram Solar has remarkable features, such as improved performance at high temperatures, reduced degradation over time, and increased bifaciality of up to 80%.

By lowering the Levelized Cost of Energy and increasing Balance-of-System efficiency, the G12R Modules will increase the affordability and accessibility of solar energy.

Gujarat is spearheading India's renewable energy revolution with ambitious projects like the Khavda Renewable Energy Park, setting global standards for solar capacity implementation.
 

Asian Energy Services Shares Plummet on Merger

Moving on to the news from oil & gas sector, shares of Asian Energy Services Ltd (AESL) dipped 13% after the company's board approved a merger by absorption of Oilmax Energy (OEPL) into itself.

All OEPL's assets, liabilities, rights, and approvals will pass to AESL upon its dissolution under the plan, which will occur without winding up.

The agreement calls for the cancellation of OEPL's current ownership of Asian Energy. Based on a predetermined share-exchange ratio, AESL will issue new shares to OEPL's shareholders in exchange.

Through this reorganisation, Oilmax, which presently owns a 66% stake in Asian Energy, will consolidate its interests.

After the merger, AESL will function as a single publicly traded company that combines the advantages of both companies. It is anticipated that the plan will go into effect in a year.

The shareholding of promoters will also change due to the merger. Promoters owned about 65% of Asian Energy before the merger; this will drop to roughly 47% after the merger, meaning that nearly 46% of the equity will be diluted.
 

Hyundai Cuts Prices After GST Reduction

Moving on to the news from auto sector, shares of Hyundai came in focus after the company said it will reduce prices across its passenger vehicle range by up to Rs 2.4 lakh, fully passing on the benefit of the government's recent GST rate cut to customers.

The revised prices will come into effect from 22 September 2025, when the new GST regime kicks in.

Hyundai is cutting prices to make its cars more affordable for Indian customers, especially ahead of the festive season. The discounts will vary by model, with popular ones like Venue, Creta, i20, and Verna also getting significant price cuts.

Hyundai's MD, welcomed the GST reform, calling it a progressive decision that will make cars more affordable and accessible to millions. He added that Hyundai is committed to supporting India's vision of a developed nation by offering value-driven vehicles

Hyundai announced price cuts following Tata Motors' similar move, which will benefit customers starting 22 September 225. Mahindra & Mahindra has already implemented price reductions since 6 September, and other manufacturers like Renault India and BMW are likely to follow.

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