Indian Stock Market Highlights: Sensex Surges 323 Points, Nifty Crosses 24,950, and Mamta Machinery Soars by 17%!

Today, the Indian stock market showed positive momentum, closing higher for the day. The BSE Sensex finished up 323 points, while the NSE Nifty gained 104 points, both rising by 0.4%. IT and public sector bank stocks led this rally.

Among the biggest winners were Bharat Electronics, HCL Tech, and TCS. In contrast, major losses were seen in Mahindra & Mahindra, Maruti Suzuki, and Tata Motors. The GIFT Nifty is also performing well, currently trading at 25,073, up 110 points.

The mid-cap index rose by 0.8%, while small-cap stocks increased by 0.7%. However, the market showed mixed results overall; the media and real estate sectors saw some gains, while telecommunications and automotive sectors faced selling pressure.

The Indian rupee is trading at Rs 88.1 against the US dollar. Gold prices have increased slightly, currently at Rs 109,342 for 10 grams, while silver is priced at Rs 125,436 per kg.

Expert Tanushree Banerjee from Equitymaster explains that the U.S. maintains a lead in space technology, crucial for military operations. The establishment of the U.S. Space Force in December 2019 was significant, allowing for better monitoring and satellite management. On the other hand, India’s space technology sector is seen as a potential driver for economic growth, showcasing exciting developments in recent times.

In other notable news, Bharat Electronics Ltd (BEL) shares surged by 3.4% after announcing a dividend of Rs 0.90 per share, set to be paid on September 23, 2025. BEL has secured new orders worth Rs 6.4 billion for various projects, including defense technology and electronic voting machines.

Shares of Mamata Machinery also soared over 17% following news of significant contract wins for their advanced blown film plants. They’ve secured orders both domestically and internationally, expanding their market reach.

Meanwhile, Thermax’s shares jumped 5% after the company invested in First Energy Private Limited, focusing on renewable energy solutions. This investment highlights Thermax’s commitment to sustainability.

Finally, Samvardhana Motherson International completed a 25% acquisition of its Turkish subsidiaries, now aiming for substantial revenue growth and new partnerships with global car manufacturers. This move aligns with their ambitious five-year growth plan to reach $108 billion by FY30.

For ongoing updates and insights into the stock market, you can follow announcements and reports from reliable sources.

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