Benchmarks trade with decent gains; oil & gas shares gain
At 10:29 ST, the barometer index, the S&P BSE Sensex, jumped 406.99 points or 0.49% to 83,152.90. The Nifty 50 index added 122.40 points or 0.48% to 25,367.40.
In the broader market, the S&P BSE Mid-Cap index shed 0.07% and the S&P BSE Small-Cap index fell 0.03%.
The market breadth was positive. On the BSE, 1,917 shares rose and 1,604 shares fell. A total of 182 shares were unchanged.
The Nifty Oil & Gas index added 0.88% to 11,583.65. The index rallied 1.12% in the two trading sessions.
Bharat Petroleum Corporation (up 1.69%), Castrol India (up 1.6%), Aegis Logistics (up 1.26%), Reliance Industries (up 1.17%), Hindustan Petroleum Corporation (up 0.96%), Indian Oil Corporation (up 0.77%), Gujarat Gas (up 0.48%), Oil & Natural Gas Corpn (up 0.47%), Petronet LNG (up 0.44%) and Adani Total Gas (up 0.28%) added.
On the other hand, Mahanagar Gas (down 0.53%), Indraprastha Gas (down 0.43%) and Gujarat State Petronet (down 0.31%) edged lower.
Stocks in Spotlight:
Western Carriers (India) jumped 7% after the company announced that it has secured a work order valued at approximately Rs 558 crore from Jindal Stainless (JSL).
DCX Systems shed 0.26%. The company announced that it has secured an order worth Rs 4.36 crore from one of the leading multinational companies specialized in the areas of defence, aerospace, space, and security systems.
Lloyds Metals and Energy added 1.86% after the company said that it has received the environmental clearance (EC) to expand its iron ore mining capacity to 55 million tonnes per annum (MTPA).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
7 minutes ago
- Deccan Herald
Milky Mist Dairy Food files draft papers with Sebi; seeks to raise Rs 2,035 crore via IPO
The IPO comprises a fresh issue of equity shares worth Rs 1,785 crore and an offer for sale (OFS) of shares valued at Rs 250 crore by promoters, according to the draft red herring prospectus (DRHP).
Indian Express
7 minutes ago
- Indian Express
CoinDCX offers 25% bounty to recover stolen crypto in $44-mn hack
CoinDCX, one of India's leading cryptocurrency exchanges, has announced a recovery bounty program after suffering a security breach that led to the loss of approximately $44 million (around Rs 379 crore). The company is offering up to 25 per cent of the recovered funds as a reward to those who help retrieve the stolen crypto and assist in identifying and bringing the attackers to justice. If all lost assets are recovered, the bounty could reach a total value of $11 million (Rs 94.6 crore). In a statement, CoinDCX emphasised that the effort goes beyond just recovering funds — it's about uniting the Web3 community to stand against cybercrime. 'This is not just about us. This is about standing up for what's right, for the safety, transparency, and future of the entire Web3 ecosystem. It's a war against cybercrime,' the company said. Co-founder Neeraj Khandelwal highlighted that the breach was not only an attack on CoinDCX but on trust itself. 'When one of us is targeted, all of us are affected. CoinDCX is committed to using this incident as a turning point—to strengthen our defenses, reinforce transparency, and work with the best minds in the industry to make recovery real and replicable,' he said. He added that the company is actively working with an exchange partner to block and recover the stolen assets and is fully committed to the recovery effort. 'We will emerge from this stronger, together,' Khandelwal said. The company also issued a call to action, inviting ethical hackers, white-hat researchers, and partners across the ecosystem to join the fight against cybercrime.
The Hindu
7 minutes ago
- The Hindu
India's listed startups raised over ₹44,000 crore from public markets in FY25: report
Venture-backed Indian startups raised over ₹44,000 crore ($5.3 billion) in FY25 from public markets via IPOs, FPOs, and QIPs, marking a structural shift in startup fundraising lifecycle in India. According to investment bank Rainmaker Group's RainGauge Index FY25 Annual Update, public markets outpaced private capital for late-stage fundraising, solidifying their role as the dominant source of growth capital. The money raised from public markets was two times more than private late-stage capital. The year also saw a record ₹20,000+ Crore in secondary exits as PE/VC firms like Peak XV and TPG harvested early bets through block and bulk deals. 'FY25 didn't just test India's startup listings, it matured them,' said Kashyap Chanchani, Managing Partner, The Rainmaker Group. 'The public market has become the preferred playground for India's breakout companies. We've now seen the full arc - the IPO frenzy, the valuation winter, and now a clear re-rating driven by fundamentals. This is the age of seasoning. The market is no longer listening to stories, it's pricing in substance. India's innovation economy has hit a new gear, one where companies with predictable earnings, durable moats, and institutional-grade governance will dominate,' he added. The report also noted that despite the early-year correction and record FII outflows [around ₹78,000 Crore in Q1], foreign investors returned strongly by Q4, driven by rate-cut expectations and India's steady macro indicators. The year witnessed Zomato joining the NIFTY50 and SENSEX, Swiggy entering the NIFTY Next 50, and Nykaa, PB Fintech, Ola Electric inducted into the NIFTY MidCap150. 'With IPOs no longer delivering inflated valuations or easy exits, startups will have to align with public market expectations much earlier in their lifecycle,' said a statement from the company. 'Sector-specific valuation guardrails are firmly in place with two-year forward EV/EBITDA multiples now providing structured lenses across internet, SaaS, BFSI, and consumer brands. Analyst-grade metrics, unit economics, transparency, and sustainable growth stories will need to be baked in from day one. Startups must now build with capital efficiency, narrative credibility, and governance readiness and not just valuation hype,' it further read.
