NewsMarketsMarkets at Noon: Nifty and Sensex Dip as Apollo Micro Systems Secures Defence LicenseMarkets at Noon: Nifty and Sensex Dip as Apollo Micro Systems Secures Defence License
Indian stock markets show a slight downturn at midday on December 2, 2025, with Nifty 50 and Sensex both trading in the red. Apollo Micro Systems gains attention with a new defence manufacturing license, while Wipro completes a strategic acquisition. Other buzzing stocks include Pearl Green Clubs, Patel Engineering, and NACL Industries. The overall market sentiment appears cautious with major indices declining by around 0.5%.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing a slight downturn at midday on December 2, 2025. Both the NSE Nifty 50 and BSE Sensex are trading in the red, reflecting a cautious sentiment among investors.
| Index | Current Price | Previous Close | Change | % Change |
|---|---|---|---|---|
| Nifty 50 | 26,052.50 | 26,175.75 | -123.25 | -0.47% |
| Sensex | 85,233.88 | 85,641.90 | -408.02 | -0.48% |
Buzzing Stocks
Apollo Micro Systems Limited
The company has been granted a defence manufacturing license by DPIIT for producing unmanned helicopters, inertial navigation systems, and radar equipment at its Hyderabad facility. This license opens up opportunities for manufacturing contracts with the Ministry of Defence, with unmanned aerial systems expected to enter field trials within the next two quarters.
Wipro
The company has completed the acquisition of Harman Connected Services Inc. and assets from Harman International on December 1, 2025. This move is expected to enhance Wipro's capabilities in connected services technology and automotive solutions.
Pearl Green Clubs and Resorts Limited
A promoter, Karamvir Singh Hemant Singh Jhala, has reduced his stake in the company by selling 12,000 equity shares (0.45% of total share capital) through open market transactions. The promoter's shareholding has decreased from 5.86% to 5.41%.
Patel Engineering Limited
The company has obtained ISIN INE244B20022 for rights entitlements, which will be credited to eligible shareholders' demat accounts prior to the issue opening date. The record date for this is set for December 4, 2025.
NACL Industries Limited
Shareholders have approved key resolutions including the appointment of Mr. Arun Alagappan as Director and commission payments to Non-Executive Directors. The company has also received approval for material related party transactions worth up to Rs 785 crores with holding company Coromandel International Limited.
Market Breadth
Due to limited data provided, a comprehensive market breadth analysis cannot be presented at this time. However, the slight decline in major indices suggests a somewhat bearish trend in the overall market.
Conclusion
As the trading day progresses, the Indian markets are showing a marginal decline. Key corporate actions and strategic moves by companies like Apollo Micro Systems and Wipro are in focus. Investors are advised to keep an eye on these developments and their potential impact on the market in the coming days.
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