NewsMarketsNifty and Sensex Close in Red: Adani Group's Airport Plans and Maruti's EV Push Steal the SpotlightNifty and Sensex Close in Red: Adani Group's Airport Plans and Maruti's EV Push Steal the Spotlight
Indian stock markets ended slightly negative, with Nifty 50 down 0.18% at 25,986.00 and Sensex down 0.04% at 85,106.81. Market breadth was bearish with 2,963 stocks declining out of 4,547 traded. Adani Enterprises announced $15 billion airport investment plans, while Maruti Suzuki signed agreements for 100,000 EV charging stations by 2030. Other buzzing stocks included Apollo Micro Systems, Mahindra & Mahindra, Studds Accessories, and Emmvee Photovoltaic Power, showcasing developments across various sectors.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a slightly negative note, with both benchmark indices, Nifty 50 and BSE Sensex, ending in the red. The Nifty 50 closed at 25,986.00, down 0.18% or 46.20 points from its previous close. Similarly, the BSE Sensex finished at 85,106.81, registering a marginal decline of 0.04% or 31.46 points.
Market Breadth
The overall market breadth was negative, indicating a bearish sentiment among investors. Here's a breakdown of the market breadth:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,547 |
| Positive | 1,584 |
| Negative | 2,963 |
Buzzing Stocks
Several stocks made headlines during the trading session:
Adani Enterprises: The company announced plans to invest $15 billion in expanding India's airport infrastructure by 2030, positioning itself for significant growth in the aviation sector.
Apollo Micro Systems: The company allotted 28,89,044 equity shares upon conversion of warrants, increasing its paid-up capital from Rs. 35.44 crores to Rs. 35.73 crores.
Mahindra & Mahindra: CARE Ratings reaffirmed its AAA stable rating for M&M's bank facilities, citing strong market leadership and robust financial profile.
Studds Accessories: The world's largest helmet manufacturer by volume reported a 6.5% year-on-year growth in Q2 FY26 revenue, guiding for 10-11% topline growth for the full year.
Emmvee Photovoltaic Power: The company achieved 181% year-on-year revenue growth in Q2FY26, driven by new capacity commissioning and increased utilization.
Axis Bank: The bank allotted 1,89,534 equity shares following the exercise of stock options, slightly increasing its paid-up share capital.
Maruti Suzuki: The automaker signed agreements with 13 charging point operators to establish over 100,000 charging stations by 2030, positioning itself for the EV market.
Spice Islands Industries: The company allotted 19,33,324 equity shares to non-promoter acquirers, resulting in a dilution of Promoter and Promoter Group shareholding.
Conclusion
Despite the slight dip in benchmark indices, the market saw significant developments across various sectors. Adani Group's ambitious airport infrastructure plans and Maruti Suzuki's strategic move into EV charging infrastructure were among the key highlights. Investors will likely keep a close eye on these developments and their potential impact on the market in the coming days.
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