Indian equity markets are indicated to open lower on Tuesday following Monday’s decline. At around 7:15 am, GIFT Nifty was trading at 23,802, down 24.5 points, or 0.10%.
Several companies have disclosed updates related to quarterly financial performance, new orders, business expansion and other corporate decisions. Adani Power, LIC, Shiprocket, Mankind Pharma, Neuland Laboratories and Asian Energy Services are among the stocks that could remain in focus during Tuesday’s trading session.
Market analysts said the short-term trend for the Nifty remains weak. If the index sustains below 24,025, it could face pressure towards the 23,600-23,500 zone. This area is technically significant as it coincides with the previous major gap area and the July 2026 low.
Shiprocket’s financial performance improved, with its loss narrowing to Rs 13.7 crore from Rs 18 crore previously. Revenue increased 33.8% to Rs 592.1 crore from Rs 442.5 crore in the previous period.
Behari Lal Engineering reported a 24.5% increase in profit to Rs 19.2 crore from Rs 15.4 crore in the previous period. Revenue rose 18% to Rs 151.7 crore during the period.
Arisunitern RE Solutions, a subsidiary of Arisinfra Solutions, received an order from O2 Spaces. O2 Spaces is a partnership firm associated with Vaishnavi Residences Group.
Asian Energy Services’ subsidiary Oilmax Energy received a Letter of Intent from the Arunachal Pradesh government for a Composite License related to the Pakro Vanadium and Graphite Block, located across 155.46 hectares in Pakro village.
The board of Neuland Laboratories approved capital expenditure of Rs 126 crore for the purchase of around 134 acres of land in Kakinada, Andhra Pradesh.
Shareholders of Bharat Serums and Vaccines, a subsidiary of Mankind Pharma, approved the voluntary liquidation of the company.
GE Vernova T&D secured the status of L1 bidder for a renewable energy transmission project from Barmer II to South Kalamb. The proposed project includes the development of a 6,000 MW ±800 kV HVDC LCC terminal station.
Adani Power received a Letter of Intent for the acquisition of GVK Energy. GVK Energy’s subsidiary, Alaknanda Hydro Power Company, operates a 330 MW hydroelectric power plant in Uttarakhand.
Life Insurance Corporation of India’s new business premium increased 45.3% to Rs 23,275 crore. Year-to-date premium increased 22.31% to Rs 80,005 crore.
SBI Life Insurance’s new business premium increased 2.8% to Rs 3,415 crore, while its year-to-date premium increased 12.73% to Rs 16,220 crore. HDFC Life’s new business premium increased 17.8% to Rs 3,609 crore, while its year-to-date premium increased 14.43% to Rs 15,570 crore.
