Nifty falls below 24,400, the Sensex breaks the day’s low, and financial stocks are under pressure.

Axis Bank's dismal quarterly results on Today caused Indian markets to open lower, adding to the pessimistic sentiment among investors already impacted by the government's recent tax hikes on derivatives trading and returns on equity investments.

Tata Power shares rise by 6% as the company launches production at India’s largest solar facility.

Tata Power has initiated production at its new 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. This facility is the largest domestic single-location plant and utilizes advanced technologies to enhance solar cell efficiency. The ramp-up in production is expected to significantly strengthen Tata Power’s position in the renewable energy sector and support India’s solar energy goals

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The share prices of Patel Engineering and RVNL rose by more than 5% following the agreement to undertake electricity infrastructure projects.

According to RVNL, the primary goals of the MoU are to collaborate and provide a supportive environment in order to achieve synergies in hydroelectric and other infrastructure projects. The business recently defeated Southern Railway to get the lowest bid (L1) on a project worth more than ₹111.38 crore. The directive must be carried out, according to RVNL, within 18 months.

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