Nifty 50 closed at 22361.25, down 0.71%; Defence & Aerospace leads, FMCG lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 95.71, rupee firmer by 1.15% on the session
• India VIX: 15.41 (+7.2%)
• Gold (rupee terms): +1.50% on the session, +1.1% over five sessions

Key drivers

Markets

• Tech Picks: Trent, Physicswallah among 5 stocks to buy for up to 23% returns. In a recent trading session, the Indian stock market showed a mixed performance, with the Sensex falling while the Nifty posted minor gains. (ET Stocks)
• Why is market falling today? Sensex slumps over 500 points, Nifty below 22,400. 5 key factors behind selloff. The Indian stock market saw a downturn as both Sensex and Nifty lost previously gained ground. Market confidence was shaken by ongoing FII selling and increasing bond yields. Tech Mahindra experienced the most significant drop, with shares down nearly 4%. (Economic Times Markets)
• Stocks in news: Banks, HCL Technologies, DMart, Adani Green Energy, PTC Industries and Anand Rathi Wealth. Indian equity markets showed a significant recovery driven by bargain buying and favorable global cues. The Nifty 50 and Sensex both closed higher, indicating improved investor sentiment. (Economic Times Markets)
• Why is stock market down today? Sensex, Nifty 50 crash - Top 3 factors behind stock market decline explained. The Sensex crashed more than 600 points, or nearly 1%, to an intraday low of 71,845, while the NSE counterpart Nifty 50 dropped 0.75% to touch the day's low of 22,352. (LiveMint Markets)

Read more Tech Picks: Trent, Physicswallah among 5 stocks to buy for up to 23% returns · Why is market falling today? Sensex slumps over 500 points, Nifty below 22,400. 5 key factors behind selloff · Stocks in news: Banks, HCL Technologies, DMart, Adani Green Energy, PTC Industries and Anand Rathi Wealth · Why is stock market down today? Sensex, Nifty 50 crash - Top 3 factors behind stock market decline explained

Economy & policy

Economy and policy

• Goodluck India shares surge 17% as merger expands, defence arm to join firm along with green energy unit. Goodluck India shares surged 17% to a 52-week high of Rs 585 after its board approved the proposed merger of Goodluck Defence and Aerospace and Goodluck Green Energy. (Economic Times Markets)
• 63 Moons Technologies shares rally 9% as subsidiary raises FY27 revenue guidance to Rs 600 crore. Shares of 63 Moons Technologies rallied after subsidiary 63SATS Cybertech reported Rs 218 crore in first-half FY27 billings and raised its full-year billed revenue guidance to Rs 600 crore from Rs 350 crore, citing strong execution and a growing business… (Economic Times Markets)
• RBI steps may help local bond market. Indian companies may re-enter the bond market given recent central bank measures aimed at stabilizing the rupee. High overseas yields and increased hedging costs have limited borrowing options for these businesses. (Economic Times Markets)
• Sebi notifies common ad code, allows celebrity endorsements for brands. Sebi's common advertisement code allows celebrities to promote regulated entities at the brand level but prohibits endorsements of specific financial products or services. (Business Standard Mkts)

Read more Goodluck India shares surge 17% as merger expands, defence arm to join firm along with green energy unit · 63 Moons Technologies shares rally 9% as subsidiary raises FY27 revenue guidance to Rs 600 crore · RBI steps may help local bond market · Sebi notifies common ad code, allows celebrity endorsements for brands

Companies

• RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressure. The Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as they face a combined daily dollar necessity of around $200 million for imports. (Economic Times Markets)
• India 10-year bond yield tops 7.35% as RBI's liquidity clamp down hurts. On Monday, Indian government bonds experienced a significant decline due to central bank measures affecting liquidity. The benchmark 6.94% 2036 bond yield rose to its highest level in three years. (Economic Times Markets)
• Avenue Supermarts shares hit a 52-week low: Why is Damani-led DMart stock declining?. DMart share price opened at ₹3,405 against its previous close of ₹3,520 and dropped 4.4% to hit a 52-week low of ₹3,366. On a shorter timeframe of six months, the stock's fall is bigger at 23%, compared to a 7% loss in the Sensex. (LiveMint Markets)
• Avenue Supermarts shares fall 3% after Q2 results. What are Motilal Oswal, Nuvama saying?. Avenue Supermarts shares fell 3.3% despite an 8.5% year-on-year rise in Q2FY27 net profit to Rs 743 crore. Revenue grew 17.8%, but margins weakened. (Economic Times Markets)

Read more RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressure · India 10-year bond yield tops 7.35% as RBI's liquidity clamp down hurts · Avenue Supermarts shares hit a 52-week low: Why is Damani-led DMart stock declining? · Avenue Supermarts shares fall 3% after Q2 results. What are Motilal Oswal, Nuvama saying?

Companies

New issues

• Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices. Nomura said Reliance Industries Ltd 's (RIL) 66.4 per cent stake in Jio Platforms after the potential listing would be worth Rs 481-506 per share, equivalent to 41-43 per cent of the current share price. (Business Today Mkts)
• Moneyview shares rally 93% from IPO price in 7 sessions. What lies ahead?. Moneyview shares have surged since listing, but sustaining the rally will depend on the company’s financial performance and asset quality. (Economic Times Markets)
• Firmus IPO Debacle Raises the Bar for Asia AI Deals in Pipeline. The collapse of Firmus Grid Ltd.’s initial public offering is reverberating through Asia’s booming market for share sales, making investors far pickier about artificial intelligence infrastructure deals that hinge on future earnings. (LiveMint Markets)
• Medical devices maker SMT in talks for ₹200 crore pre-IPO round. Samara Capital, Morgan Stanley and Kotak are expected to join new investors in the round, as the medical devices maker prepares to list and early backers eye substantial gains. (LiveMint Companies)

Read more Jio IPO price band: Valuation cut for RIL, Bharti Airtel looks attractive; target prices · Moneyview shares rally 93% from IPO price in 7 sessions. What lies ahead? · Firmus IPO Debacle Raises the Bar for Asia AI Deals in Pipeline · Medical devices maker SMT in talks for ₹200 crore pre-IPO round

Currency, commodities & rates

World

• Iran war’s end will be turning point for India, Amundi arm says. Amundi Investment Institute sees potential for Indian equities to rebound if the Iran war ends, easing oil pressures. (Economic Times Markets)
• Wall Street bosses look past India's pain points to ramp up investment bets. Wall Street bosses are still looking at the economy's long-term prospects. Many are betting on a series of measures taken by the Modi administration to jumpstart a vast digital payments ecosystem (Business Standard Mkts)
• India reviews Trump’s decision to purchase diesel from Russia: Report. The decision to buy Russian diesel while threatening India with punitive tariffs for similar purchases seem contradictory as Washington makes concession for itself. (Business Today Mkts)
• China’s battery profit boom exposes India’s toughest EV manufacturing challenge: Why it matters. China’s battery industry is seeing record profits and renewed investment, shifting earnings towards manufacturers. India’s ₹18,100-crore battery push faces a tough test from China’s scale, technology and cost advantages. (Business Today Mkts)

Read more Iran war’s end will be turning point for India, Amundi arm says · Wall Street bosses look past India's pain points to ramp up investment bets · India reviews Trump’s decision to purchase diesel from Russia: Report · China’s battery profit boom exposes India’s toughest EV manufacturing challenge: Why it matters

What matters next