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

Indian equity market indices, Sensex and Nifty, closed lower after a volatile session amid Nifty F&O expiry and as investors remained cautious ahead of the RBI's Monetary Policy Committee (MPC) meeting decision, scheduled on Wednesday, October 1, 2025.

At the closing bell, the BSE Sensex closed lower by 97 points (down 0.1%).

Meanwhile, the NSE Nifty closed 23 points lower (down 0.1%).

Ultra Tech Cement, Adani Port, and Tata Motors are among the top gainers today.

ITC, Bharti Airtel, and Trent, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,688, lower by 17 points at the time of writing.

The BSE MidCap index ended 0.1% higher, and the BSE SmallCap index ended higher.

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

The rupee is trading at Rs 88.1 against the US$.

Gold prices for the latest contract on MCX are trading 1% higher at Rs 115,476 per 10 grams.

Meanwhile, silver prices were trading 1.2% higher at Rs 141,450 per 1 kg.
 

JSW Infra Shares Plummet on GST Notice

In the news from shipping sector, shares of JSW Infrastructure dropped 2% after its unit received a show cause notice (SCN) from the GST authorities, alleging tax contraventions amounting to Rs 0.9 billion (bn).

According to an exchange filing, the Joint Commissioner, Office of the Commissioner of GST and Central Excise, Audit-II Commissionerate, Chennai, issued a Show Cause Notice (SCN) to Ennore Coal Terminal Pvt Ltd., a subsidiary of JSW Infra.

According to the company, the notice accuses the defendants of violating the Central Goods and Services Tax Act of 2017 and the Tamil Nadu GST Act of 2017 during the April 2019-March 2024 period. According to the statement, the SCN mandates that the company explain the 96.58 crore in GST within 30 days.

According to the company, the issue has no appreciable effect on its operations, finances, or other activities. It further stated that it has solid factual and legal justifications and is ready to challenge the SCN should authorities launch additional legal action.

JSW Infra announced earlier this month that it had inked a 30-year concession deal with the Syama Prasad Mookerjee Port Authority in Kolkata for a significant berth modernisation project at the Netaji Subhash Dock in the city.
 

DCX Systems Secures Major Deals

Moving on to the news form defence sector, shares of DCX Systems rallied 7% after the company announced that it has bagged orders worth Rs 0.5 bn.

Israel's ELTA Systems Ltd. has placed an order with the company for Rs 0.3 bn to manufacture and supply electronic module assemblies.

Additionally, it received orders from both domestic and foreign clients totalling Rs 0.2 bn for the production and supply of cable and wire harness assemblies.

To build a cutting-edge manufacturing facility for its future joint venture with Israel's ELTA Systems Ltd., DCX Systems and the Tamil Nadu government signed a non-binding Memorandum of Understanding (MoU) earlier this month.

An MoU was signed at the Tamil Nadu Rising Investment Conclave in the presence of Chief Minister M K Stalin to set up a plant in one of India's Defence Industrial Corridors.

The plant will produce airborne maritime radar systems, fire control radars, and other radar systems for airborne and land applications under the Make in India initiative.
 

Market Regulator Order Hits Man Industries Shares

Moving on to the news from industrial sector, shares of Man Industries dropped 10% after the company's management said the market regulator's ban on the company from accessing the securities markets for two years does not impact its operations.

According to the company, the fine is insignificant in relation to its size and operations, and it has no bearing on how the business runs daily. It claimed to be fully operational and to still have a robust order book of Rs 47 bn.

Due to suspected fund diversion, market regulator on Monday issued an order prohibiting Man Industries and its three top executives from using the securities markets for a period of two years.

The company's chairman, managing director, and former finance chief are among the three top executives.

The manufacturer of pipes and steel products, along with its managing director Nikhil Mansukhani, chairman Ramesh Mansukhani, and former finance chief Ashok Gupta, will each face a Rs 25 lakh fine from the market regulator.

More By This Author:

Sensex Today Trades Marginally Higher; Nifty Above 24,650
Sensex Today Ends Marginally Lower; Nifty Below 24,650
Sensex Today Trades Higher; Sammaan Capital Rallies 7%