Nifty 50 gained 103.70 points (0.42%) to close at 24,980.65, Bank Nifty rose 130.25 points (0.23%) to end at 55,865.15, while Sensex advanced 370.64 points (0.46%) to settle at 81,644.39.
- US Markets
- Dow Jones Futures rose 39.27 points (0.09%) to 44,951.09.
- European Markets
- FTSE advanced 26.31 points (0.29%) to 9,184.05.
- CAC climbed 68.95 points (0.87%) to 7,953.00.
- DAX increased 104.03 points (0.43%) to 24,418.80.
Global events/updates
- The Cabinet is set to regulate online gaming, which is seen as negative for gaming companies.The upcoming Gaming Bill includes provisions for punishment and penalties related to online betting.
- The government is likely to extend the duty refund plan for exporters by a year.
- NSA Doval highlighted that Prime Minister Modi will visit China for the SCO Summit, with bilateral engagements expected to be more substantial and border talks gaining special importance.
- He noted that setbacks in recent years were not in India’s interest, but the October meeting between President Xi and PM Modi provided momentum, leading to a new consensus on stabilising borders. Both sides emphasized that healthy and stable India-China relations are vital for long-term interests.
Stock news
- Meera Industries Limited: Leading manufacturer of twisting and heat-setting machines for technical textiles, has won repeat export orders worth USD 135,000 from Indonesia’s Teras Adhi Karisma PT and South Africa’s Yarntex (Pty) Ltd.
- Pelatro Limited has secured orders worth approximately INR 3.5 crores from leading telecom companies in Asia to deliver enhancements to its mViva Campaign Management Solution.
- Magellanic Cloud Ltd: Provigil Surveillance, a subsidiary of Magellanic Cloud, secured a ₹85 crore order from Rail Vikas Nigam to install AI-based surveillance at 441 small stations and upgrade systems at 43 major stations in Southern Railway. The company also won a ₹2.27 crore LoA from South Central Railway to replace surveillance systems at Secunderabad station.
- TAC Infosec Ltd hit a 5% upper circuit after its subsidiary CyberScope Web3 Security Inc. received board approval to begin the process of filing for a Nasdaq IPO in the U.S., subject to approvals and market conditions, with advisors appointed to support the listing.
- Sarda Energy & Minerals Ltd: The company has been declared as Successful Bidder for Senduri Coal Mine in Dist. Shahdol and Umaria, Madhya Pradesh on 9.50% revenue sharing with the State Government.
- Kernex Microsystems India: The company secured an order worth Rs. 151.4 Cr from West Central Railways for the provision of KAVACH on UHF backbone along with OFC with route diversity in Bhopal.
- Hindustan Zinc: The CEO stated the company is ready to enter uranium mining if the government opens up the sector.
- Ramco Cements: Launched “Hard Worker” brand for construction chemicals, targeting ₹2,000 crore revenue in 5 years.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Raymond Lifestyle Ltd. (10.2%) | Bajaj Holdings & Investment Ltd. (-5.0%) |
| Ola Electric Mobility Ltd. (9.0%) | Cholamandalam Financial Holdings Ltd. (-4.3%) |
| Devyani International Ltd. (7.4%) | Neuland Laboratories Ltd. (-3.5%) |
| Hyundai Motor India Ltd. (6.9%) | Bharat Dynamics Ltd. (-3.5%) |
| Raymond Ltd. (6.5%) | Intellect Design Arena Ltd. (-3.4%) |
Conclusion
The positive closing across Nifty, Bank Nifty, and Sensex reflects strong market sentiment, indicating sustained investor confidence and broad-based buying support.
Written by Manideep Appana
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The post Closing Bell: Raymond Lifestyle, Ola Electric among top gainers as Nifty closes at 24,980; Sensex gains 370 points appeared first on Trade Brains.