Top 10@10: Markets under pressure, HAL’s ₹62,370 cr Tejas deal, US GDP revised up and more

Indian equities stayed under pressure with the Sensex sliding 556 points and the Nifty closing below 24,900, dragged down by IT stocks, even as metals and defence lent support.

In corporate headlines, HAL signed a ₹62,370 crore Tejas Mk-1A deal, Tata Motors slipped 4% amid worries over a potential £2 billion cyberattack bill at JLR, and silver prices may test $50 per ounce as India’s demand remains strong.

Policy action was also in focus, with Karnataka issuing draft rules to auction liquor licences, PM Modi set to transfer ₹10,000 each to 75 lakh women in Bihar, and the Shipping Secretary unveiling a ₹70,000 crore plan to boost shipbuilding.

Globally, US Q2 GDP was revised up to 3.8%, its fastest pace in two years, while foreign investors pulled $21.5 billion from Indian markets in nine months. Former French President Nicolas Sarkozy was sentenced to five years in jail in the Libya funding trial.

Market at Close | Sensex slumps 556 points, Nifty ends below 24,900; IT stocks extend losing streak



Indian equity benchmarks Nifty 50 and Sensex fell for the fifth consecutive session on Thursday (September 25), closing at the day’s low as selling pressure intensified across sectors barring metals and defence. The Sensex declined 556 points to end at 81,160, while the Nifty shed 166 points to close below the 24,900 mark at 24,891.

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Also Read: Foreign investors pull out $21.5 billion in 9 months as India underperforms global equities

Silver could test $50 per ounce, India demand remains strong: Metals Focus


Silver prices could pause around $45-46 per ounce in the near term, but a continued rally in gold may push it higher. “If the gold price continues, then probably $50 per ounce is where the next big target for silver is,” said Harshal Barot of Metals Focus.

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US second-quarter GDP revised up to 3.8%, strongest in two years



The United States economy grew at a faster clip than earlier thought in the second quarter, with revised data underscoring its resilience despite headwinds from trade policy and slowing global momentum.

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HAL signs ₹62,370 crore Tejas Mk-1A deal; CLSA sees strong order pipeline



Shares of Hindustan Aeronautics Ltd. (HAL) are trading 2% higher on Thursday, September 25, rebounding after three consecutive sessions of losses. The Ministry of Defence has signed a contract this afternoon with HAL for 97 Tejas Mark-1A fighter jets, in a deal likely valued at around ₹67,000 crore.

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Tata Motors shares fall 4% as potential £2 billion cyberattack bill higher than JLR FY25 profit



Shares of Tata Motors Ltd., the passenger and commercial vehicle manufacturer fell over 2.5% in trading on Thursday, September 25, after reports in the Financial Times indicate a big hit to its unit Jaguar Land Rover due to the ongoing cyberattack issue, that could be higher than its entire profit of the previous financial year.

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Karnataka draft rules to auction liquor licences



Karnataka has issued draft rules on auctioning liquor licences. Chief Minister Siddaramaiah administration believed that the auction would raise revenue amid fiscal stress. The state will auction defunct liquor licences (CL-2 - retail shops, CL-9- bars & restaurants, and CL-11(C) to outlets run by the Mysore Sales International Ltd (MSIL).

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PM Modi to transfer ₹10,000 each to 75 lakh women in Bihar



Prime Minister Narendra Modi will launch Bihar's "Mukhyamantri Mahila Rojgar Yojana" on Friday and transfer ₹10,000 each to the bank accounts of 75 lakh women across the state, totalling ₹7,500 crore. Officials said the scheme is aimed at making women "aatmanirbhar" (self-dependent) and promoting empowerment through self-employment and livelihood opportunities.

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Shipping Secretary outlines ₹70,000 crore plan to boost shipbuilding, cut import reliance



The Indian government has launched a scheme to support shipyards and reduce the cost difference between buying a ship abroad and building one in India. This difference is usually around 15 to 20%, and under the plan, shipbuilders can receive a subsidy of 15 to 25%, depending on the size of the ship and whether it is an environmentally friendly vessel, said TK Ramachandran, Secretary of Ports & Shipping.

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Former French President Sarkozy sentenced to 5 years in jail in Libya trial



Former French president Nicolas Sarkozy was sentenced to five years in jail on Thursday (September 25) after being found guilty of criminal conspiracy over efforts by close aides to procure funds for his 2007 presidential bid from Libya during the rule of late dictator Muammar Gaddafi.

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