Nifty, Sensex Tries to Break Out of a Narrow Range – Thursday Market Report
Moneylife Digital Team 05 June 2025
On Thursday, 2257 stocks advanced, 1725 declined and 147 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.30 indicating a positive closing in the broader market. The trend of the major indices on Thursday’s trading is given in the table below. 
 
 
On NSE, 58 securities advanced and closed at a new 52-week high whereas 30 securities sank to close at their new 52-week lows. Nifty Pharma, Nifty Infrastructure and Nifty Metal were among the biggest gainers. Nifty PSU Bank, Nifty Media and Nifty Auto were among the biggest losers.
 
NALCO (-0.18%) postponed its Rs30,000-crore expansion plan by a year following the collapse of its technology partnership with Rio Tinto Canada. The delay also stems from ongoing discussions regarding power supply arrangements.
 
Oswal Greentech (+8.62%) won an arbitration award of Rs97.17 crore against Arr Ess Industries as ruled by sole arbitrator Justice Deepak Verma. The company had initially claimed Rs472.17 crore, securing about 21% of the demand. Oswal Greentech is now evaluating further legal action regarding the award.
 
Tejas Networks (+1.18%) received Rs122.96 crore from the Department of Telecommunications (DoT) under the Production Linked Incentive (PLI) Scheme for Telecom & Networking Products. This tranche accounts for 85% of the eligible incentive for Q3FY24-25, with the remaining 15% expected as per PLI scheme guidelines.
 
Vedanta (+0.53%) expanded its renewable energy power capacity to 1.03 GW, with a target of 2.5 GW by 2030. This growth is expected to mitigate over 6 million tonnes of carbon emissions annually, supporting the company’s net-zero target by 2050.
 
Dr. Reddy’s Laboratories (+3.09%) entered into a collaboration and license agreement to co-develop, manufacture, and commercialize a biosimilar candidate to Keytruda (pembrolizumab) for global markets. Keytruda is widely used in the treatment of multiple cancer types.
 
Garden Reach Shipbuilders & Engineers (+1.46%) signed MoUs and MoIs for four multi-purpose vessels, with the contracts expected to be finalized by 31 August 2025. They have also partnered with –
 
 
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:
 
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