Indian equity markets opened flat on September 25, with the Sensex and Nifty 50 taking a breather after achieving record highs for four consecutive sessions.
The benchmarks began the day with mixed global cues, indicating a cautious start for traders.
At 9:30 AM IST, the Sensex was down 4 points, or 0.01%, at 84,909, while the Nifty slipped slightly by 0.4 points to settle at 25,940.
Market breadth reflected a balanced sentiment, with 1,730 stocks advancing compared to 1,115 decliners, while 108 shares remained unchanged.
Declines were led by IT, FMCG, and energy stocks, whereas metal shares maintained their upward momentum, supported by recent stimulus measures from China aimed at rejuvenating its economy.
Power Grid Corp, Hindalco Industries, Tata Steel gain
Key gainers on the Nifty included Power Grid Corp, Hindalco Industries, Tata Steel, Adani Enterprises, and JSW Steel, while notable losers were Wipro, HCL Technologies, Shriram Finance, Bajaj Auto, and LTIMindtree.
In the spotlight, Ola Electric Mobility shares surged over 3% to reach ₹107.5 after a favorable report from Bernstein.
The brokerage highlighted the company’s competitive position in the electric two-wheeler segment, noting strong growth prospects and improving EBITDA margins, further solidifying its market leadership.
Delta Corp’s stock also made headlines, soaring more than 8% following the announcement of its plan to demerge its hospitality and real estate businesses into a new entity, Delta Penland Private Limited (DPPL).
This strategic move aims to unlock value and create enhanced growth opportunities for both sectors.
Conversely, shares of EaseMyTrip experienced a decline of over 6% to ₹38.48 following a block deal in which promoters offloaded a 2.6% stake, valued at ₹176.5 crore.
Approximately 4.6 crore shares changed hands at a marginal discount to the previous closing price, underscoring the ongoing fluctuations in the travel sector.
As the trading session unfolds, market participants are keenly observing these developments and assessing potential opportunities amid the cautious tone in the broader market.
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