Business
Sensex closes lower as smallcaps shine; investors eye RBI MPC meet, Delhi poll results

Mumbai, Feb 5: The Indian stock market on Wednesday closed lower after a volatile trading session as investors remained cautious amid global uncertainties.
All eyes are now on the RBI monetary policy committee (MPC) meeting on February 7, which could announce a rate cut for the first time in the last five years, as well as the Delhi Assembly election results to be out on February 8.
The BSE Sensex declined by 312.53 points, or 0.40 per cent, to settle at 78,271.28 after fluctuating between an intra-day high of 78,735.41 and a low of 78,226.26.
The NSE Nifty ended 42.95 points lower at 23,696.30 after touching a high of 23,807.30 and a low of 23,680.45 during the day.
Several stocks provided support to the market, with Adani Ports, IndusInd Bank, Tata Motors, Tata Steel, HDFC Bank, and ICICI Bank emerging as the top gainers. Their share prices increased between 0.4 per cent to 1.6 per cent during the session.
However, selling pressure was seen in Asian Paints, Nestle India, Titan Company, ITC, HUL, and L&T, with Asian Paints leading the decline with a 4 per cent drop.
The broader market performed better compared to the benchmark indices. The Nifty MidCap index rose by 1.13 per cent, while the Nifty SmallCap index saw a stronger gain of 1.99 per cent.
Most sectoral indices on the NSE ended in positive territory, except for Nifty FMCG, Realty, Auto, and Consumer Durable indices, which declined by up to 1.85 per cent.
On the other hand, buying interest was seen in PSU Bank, Metal, OMCs, and Media stocks, with these indices rising over 1 per cent each.
According to Aditya Gaggar of Progressive Shares, the markets opened strong but faced resistance around 23,800 levels and reversed.
Without a strong momentum, the Index moved between positive and negative before ending at 23,696.30 with a loss of 42.95 points. The Media and Energy sectors performed well, while the Realty and FMCG sectors saw a drop of more than 1.5 per cent, he mentioned.
Meanwhile, the Reserve Bank of India (RBI) is likely to cut the repo rate by 25 basis points, aligning with the budget’s objectives of stimulating economic activity while managing a prudent fiscal position.
Business
Mumbai Airport Refutes IATA’s Claims On Cargo And Passenger Flight Slot Changes, Defends Operational Adjustments

Mumbai: Days after airlines trade body IATA expressed disappointment at Mumbai airport operator MIAL’s decision to stop cargo freighter flights and withdrawal of slots for passenger flights, the airport refuted the claim on Thursday.
“Mumbai International Airport Ltd (MIAL) is disappointed by the statement issued by the IATA on April 29 and strongly refutes its assertions,” MIAL said in a statement. “Contrary to the claims made by IATA, the recent adjustments to cargo operations and slot allocations at Chhatrapati Shivaji Maharaj International Airport (CSMIA) have followed a transparent, consultative and regulatordriven process,” it said.
These operational changes are part of a broader infrastructure upgrade initiative governed by the Airports Economic Regulatory Authority of India (AERA) as part of the Fourth Control Period review, MIAL said. In a strongly worded statement on Tuesday, IATA’s Head of Worldwide Airport Slots, John Middleton, called on MIAL to reverse the cuts immediately.
“MIAL continues to respect international best practices, including the guidelines issued by the Worldwide Airport Slot Board and remains committed to maintaining coordination,” the private operator said.
Business
Together, we sail towards a stronger, bolder India: Gautam Adani

Thiruvananthapuram, May 2: Gautam Adani, Chairman of the Adani Group, on Friday said he is grateful to Prime Minister Narendra Modi and Kerala Chief Minister Pinarayi Vijayan for their support towards building India’s first deep-sea automated port which is a future global transshipment hub, adding that together, “we sail towards a stronger, bolder India”.
This is a triumph of vision, resilience, and partnership, said Gautam Adani as PM Modi dedicated to the nation the Vizhinjam International Deepwater Multipurpose Seaport worth Rs 8,900 crore.
“Today, at Vizhinjam, history, destiny, and possibility came together as a 30-year-old dream of Kerala became India’s gateway to the world,” said the billionaire industrialist in a post on X.
“We are proud to have built India’s first deep-sea automated port. A future global transshipment hub. This is a triumph of vision, resilience, and partnership,” Gautam Adani added.
The Adani Group Chairman further stated that “together, we sail towards a stronger, bolder India.”
Vizhinjam Port, having strategic importance, has been identified as a key priority project that will contribute to strengthening India’s position in global trade, enhance logistics efficiency, and reduce reliance on foreign ports for cargo transhipment.
Its natural deep draft of nearly 20 metres and location near one of the world’s busiest sea trade routes further strengthen India’s position in global trade.
“A historic day. Grateful to the Central and State Governments, and the administration and people of Kerala, especially Thiruvananthapuram, for their support in making this port stand as a testament to India’s strategic and bold maritime ambitions,” said Karan Adani, Managing Director of Adani Ports and SEZ Ltd (APSEZ), in a post on X.
The port is expected to significantly lower logistics costs for Indian manufacturers by 30-40 per cent, enhancing the country’s export competitiveness.
With plans to increase capacity to 5 million TEUs by 2028 with the latest technology, the port is set to play a crucial role in India’s maritime infrastructure.
Working closely with the state government and the Central government, the Adani Group has already invested over Rs 4,500 crore in the Vizhinjam International Seaport project. The Adani Group is expected to invest another Rs 20,000 crore in the project’s upcoming phases, creating more than 5,000 jobs and boosting the local economy to unprecedented heights.
Business
Sensex, Nifty trade in green amid positive global cues

Mumbai, May 2: The Indian stock indices opened in the green on Friday following positive cues from the global markets.
At 9:22 am, Sensex was up 350 points or 0.44 per cent at 80,592 and Nifty was up 71 points or 0.29 per cent at 24,407.
Midcap and smallcap indices were trading flat compared to largecap. Nifty midcap 100 index was up 40 points or 0.08 per cent at 54,185. Nifty smallcap 100 index was down 12 points at 16,436.
Among the sectoral indices, auto, PSU bank, private bank, financial services, metal and realty were major gainers. Pharma, FMCG and media were major laggards.
According to analysts, on the technical front, Nifty 50 continues to consolidate in a narrow range, forming a neutral candlestick pattern. On the hourly chart, a flag and pole pattern are developing, suggesting a possible bullish breakout.”
“If Nifty sustains above 24,400, it can potentially head towards 24,500 and 24,700 levels. Immediate support levels are placed at 24,200, 24,100, and 24,000, offering dip-buying opportunities,” said Mandar Bhojane from Choice Broking.
In the Sensex pack, Adani Ports, Maruti Suzuki, IndusInd Bank, Axis Bank, ICICI Bank, M&M, Tata Motors, TCS, Infosys, HDFC Bank, NTPC and SBI were top gainers. Nestle, Titan, Bajaj Finserv, HUL, Power Grid and Bajaj Finance were the top losers.
The international markets were trading with gains. Tokyo, Hong Kong, Seoul, Jakarta and Bangkok were in the green.
The US market also closed with gains on Thursday. In the last session, the technology index Nasdaq surged more than 1.5 per cent.
Meanwhile, Brent crude was at $ 62.62 per barrel with a gain of about one per cent.
On the institutional front, FIIs continued their buying streak for the 11th consecutive session, albeit with a modest net buy figure of Rs 50 crore.
Meanwhile, DIIs showed stronger conviction, purchasing equities worth Rs 1,792 crore. The combined flow suggests a supportive undertone for the Indian equities.
Devarsh Vakil, Head of Prime Research at HDFC Securities, said that overall trend for the Nifty remains bullish, as it continues to trade above all key moving averages.
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