On Tuesday, 2,153 stocks advanced, 2,050 declined and 192 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.05 indicating a positive closing. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, 115 securities advanced and closed at a new 52-week high whereas 35 securities sank to close at their new 52-week lows. Nifty PSU Bank, Nifty Infrastructure and Nifty Media were among the biggest losers. Nifty Metal, Nifty Energy and Nifty India Defence were among the biggest gainers.
Union Bank of India’s (-0.78%) board has approved a capital raising plan of up to ₹8,000 crore, combining ₹3,000 crore via equity issuance and the balance through Basel III‑compliant bonds. The equity component may be raised in tranches through FPO, Rights Issue, QIP, preferential allotment, private placement, or other permissible routes, subject to regulatory and shareholder approvals.
Balu Forge Industries (+6.43%) (BFIL) has secured its first aerospace order from US‑based Alpha Aircraft Systems Inc, marking its official entry into the sector. The order, confirmed with advance payment on 25 May 2026, covers precision‑engineered components, initiating the manufacturing phase.
AXISCADES Technologies (-4.54%) announced a strategic pivot from services to aerospace manufacturing and products, transferring its Engineering Services business (Heavy Engineering, Energy, Automotive) to Akkodis, a global digital engineering consulting leader. The transaction, valued at US$30.63 million plus performance based earnouts, involves Akkodis acquiring 100% of the Engineering Services business, with closing expected in Q3 2027, subject to regulatory approvals.
ONGC (+0.89%) announced a collaboration with BPXS to optimise production from mature offshore fields in the Mumbai Offshore Basin (excluding Mumbai High). BPXS will review reservoirs, facilities, and wells to identify performance improvements. The Technical Support Program (TSP) projects a 10.8% increase in crude oil output, rising from 46.25 MMT to 51.26 MMT, and a 31.5% jump in gas production, from 82.68 BCM to 108.69 BCM. Overall, oil and oil equivalent gas (O+OEG) production is expected to grow 24.1%, from 128.93 MMTOE to 159.96 MMTOE over the next decade.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
Craftsman Automation Targets Mid-teen Growth in FY26-27 as Aluminium, Powertrain Scale Up
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