Nifty fell 232.90 points (−0.95%) to 24,363.30, Sensex dropped 765.47 points (−0.95%) to 79,857.79, and Bank Nifty declined 516.30 points (−0.93%) to close at 55,004.90.
- Dow Jones Futures rose 100.91 points (0.23%) to 44,069.55, showing slight gains despite a bearish technical rating.
- European markets
- FTSE edged down 6.39 points (−0.07%) to 9,094.38, reflecting a marginal loss.
- CAC gained 19.58 points (0.25%) to 7,728.90, showing modest strength with a neutral technical view.
- DAX slipped 47.00 points (−0.19%) to 24,145.50, posting a slight decline despite strong year-to-date performance.
Global events/updates
- South Korea launches a national AI model in the tech race with the U.S. and China.
- Israel has announced plans to take control of Gaza City, intensifying its military campaign against Hamas. This move comes despite mounting international pressure to bring an end to the 22-month-long conflict.
Stock news
- Quality Power Electrical Equipments Ltd secured a ₹34.75 crore international order from Abu Dhabi Transmission Co. for dry-type and oil-filled shunt reactors, with delivery over the next year.
- Prostarm Info Systems Ltd received a final LOA to set up a 30MW/120MWh battery storage system in Bihar under a 12-year BOOT model, earning an annual rental of ₹15.98 crore.
- Poly Medicure reported a YoY rise in Q1 net profit to ₹931 million from ₹740 million, with EBITDA increasing to ₹1.06 billion (vs ₹1.03 billion YoY). EBITDA margin slightly declined to 26.32% from 26.98%.
- PG Electroplast FY26 guidance
- Revenue growth now seen at 17–19% (vs 30.3%)
- Group revenue at 21–23% (vs 33%)
- PAT growth at 3–7% (vs 39.2%)
- Product business revenue at 17–21% (vs 35%)
- Grasim Industries reported a Q1 standalone net loss of ₹1.2 billion, widening from ₹521 million YoY. However, EBITDA rose to ₹3.84 billion (vs ₹3.25 billion YoY), beating the ₹2.27 billion estimate. EBITDA margin came in at 4.2%, down from 4.72% YoY but above the 2.5% estimate.
- Hi-Tech Pipes posted a Q1 consolidated net profit of ₹209 million, up from ₹181 million YoY. EBITDA declined slightly to ₹410 million (vs ₹427 million YoY), though EBITDA margin improved to 5.2% from 4.92%.
- Mangalam Cement saw a sharp rise in Q1 standalone net profit to ₹322 million from ₹171 million YoY. EBITDA surged to ₹752 million (vs ₹297 million YoY), with EBITDA margin expanding significantly to 16.64% from 7.8%.
- HAL: The Ministry of Defence has issued a procurement request for 200 helicopters.
- Info Edge: Q1 consolidated net profit stood at ₹3 billion, down from ₹4.63 billion in the previous quarter.
- ESAF Small Finance Bank: Reported a Q1 net loss of ₹81.2 crore vs a profit of ₹62.7 crore YoY; NII dropped 35.8% to ₹377.8 crore, while Gross and Net NPA rose to 7.48% and 3.77%, respectively, on a QoQ basis.
- IDBI Bank: Sold 22.2 crore shares (11.11% stake) of NSDL via OFS in its IPO at ₹800/share, resulting in NSDL no longer being an associate company.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Global Health Ltd. (6.2%) | PG Electroplast Ltd. (-23.0%) |
| Kalpataru Projects International Ltd. (5.1%) | Kalyan Jewellers India Ltd. (-10.0%) |
| General Insurance Corporation of India (4.1%) | Titagarh Rail Systems Ltd. (-6.0%) |
| Sai Life Science Ltd. (3.7%) | The Ramco Cements Ltd. (-6.0%) |
| Indian Energy Exchange Ltd. (3.4%) | Biocon Ltd. (-5.7%) |
Conclusion
The broad-based decline reflects weak investor sentiment amid global uncertainties and profit booking at higher levels, suggesting caution ahead of key economic data and global cues.
Written by Manideep Appana
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The post Closing Bell: PG Electroplast, Kalyan Jewellers Among Top Losers as Nifty Closes at 24,363.30; Sensex Drops 765 Points appeared first on Trade Brains.