Nifty 50 ended the session at 25,405.30, slipping 48.10 points or 0.19%. Bank Nifty declined by 207.25 points to settle at 56,791.95, down 0.36%. Sensex also closed lower at 83,239.47, registering a drop of 170.22 points or 0.20%.
Global events/Updates
- Donald Trump’s “Big Beautiful Bill” Nears Final Vote in US House: Donald Trump’s massive budget bill, dubbed the “big beautiful bill” by the former president, is moving toward a final vote in the US House of Representatives. The bill has faced delays in Congress due to concerns over its potential impact on the national debt and the healthcare system. Lawmakers are now preparing for a decisive vote that could determine the bill’s future.
- US lifts chip design software curbs on China in trade deal.
Stock news
- P N Gadgil Jewellers: Co Board Approves Fundraising of Rupees 1000 Cr via Issuance of NCDs.
- Johnson Controls-Hitachi: Shares rose 4% after the company announced a 360% interim dividend of Rs 36 per share for FY26, its highest-ever payout.
- Krystal Integrated: The Company received an order worth Rs 32.38 crore from Maharashtra Tourism Development Corporation Limited (MTDC) for providing highly skilled, semi-skilled and unskilled manpower at MTDC locations across Maharashtra State for a period of 3 years.
- Arkade Developers: Acquires 100% Stake in Filmistan Pvt Ltd for ₹182.95 Crore
- Filmistan Pvt Ltd and also co plans Rs. 3000 cr luxury residential project in goregaon west.
- IRIS Business Services Hits Upper Circuit on ₹151 Cr Deal with Sovos.
- Spice Jet: Co receives first two of 17 overhauled engines from Standardaero.
- Bajel Projects: Company gets a mega order which is approx Rs. 300-400 cr.
- MobiKwik to Enter Stock Broking
- One MobiKwik: SEBI has issued the Certificate of Registration to operate as “Stock Broker/Clearing Member” to MobiKwik Securities Broking Private (MSBPL), a unit of the company.
IPO Update – Meesho
- Prosus-backed Meesho is reported to have confidentially filed for its IPO.
- The company is aiming to raise up to ₹4,250 crore through a fresh issue, with offer-for-sale (OFS) also being considered.
- Meesho joins a growing list of startups like Groww, Shadowfax, and Physicswallah in filing confidential Draft Red Herring Prospectus (DRHP).
Top gainer/Top loser (Nifty 500):
| Top gainers | Top losers |
| DCM Shriram Ltd. (15.8%) | Raymond Ltd. (-5.0%) |
| Motilal Oswal Financial Services Ltd. (8.5%) | FSN E-Commerce Ventures Ltd. (-4.4%) |
| Aster DM Healthcare Ltd. (8.4%) | Raymond Realty Ltd. (-3.7%) |
| Authum Investment & Infrastructure Ltd. (7.4%) | Reliance Power Ltd. (-3.6%) |
| Honeywell Automation India Ltd. (6.3%) | Karur Vysya Bank Ltd. (-3.3%) |
Conclusion
While Indian markets ended the day in the red amid mild profit booking, global developments kept investors on edge. The U.S. House is nearing a crucial vote on Donald Trump’s sweeping budget proposal, which could have far-reaching fiscal and policy implications. Meanwhile, the U.S. easing restrictions on chip design software for China signals a potential thaw in tech trade tensions. These international cues, coupled with domestic consolidation, may continue to influence sentiment in the coming sessions.
Written by Manideep Appana
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