The headline equity indices traded in a narrow range with substantial losses in mid-afternoon trade. The Nifty hovered below the 23,350 mark. Media shares declined after advancing in the past trading session. Trading was volatile due to the weekly F&O series expiry today. At 14:26 IST, the barometer index, the S&P BSE Sensex, declined 455.86 points or 0.59% to 77,122.89. The Nifty 50 index lost 178.35 points or 0.76% to 23,340.15. In the broader market, the S&P BSE Mid-Cap index shed 0.19% and the S&P BSE Small-Cap index fell 0.57%. The market breadth was weak. On the BSE, 1,180 shares rose and 2,750 shares fell. A total of 112 shares were unchanged. Buzzing Index: The Nifty Media index dropped 2.03% to 1,905.95. The index advanced 2.45% in the previous trading session. Tips Music (down 3.99%), Saregama India (down 3.65%), Dish TV India (down 2.24%), Zee Entertainment Enterprises (down 1.96%), PVR Inox (down 1.89%), Sun TV Network (down 1.78%), Nazara Technologies (down 1.21%), Den Networks (down 1.17%) and Hathway Cable & Datacom (down 1.04%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper gained 1.91% to 6.940 as compared with the previous close of 6.810. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.4825, compared with its close of 84.4275 during the previous trading session. MCX Gold futures for the 5 December 2024 settlement rose 0.70% to Rs 76,569. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 106.67. The United States 10-year bond yield fell 0.11% to 4.401. In the commodities market, Brent crude for November 2024 settlement gained 80 cents or 1.10% to $73.61 a barrel. Stocks in Spotlight: NLC India (NLCIL) jumped 4.11% after the company's board approved to invest Rs 3,720 crore in its wholly owned subsidiary, NLC India Renewables (NIRL) in one or more tranches for the various renewable projects. Tata Technologies slipped 1.13%. The company has signed a memorandum of agreement (MoA) with Department of Industries & Commerce, Government of Tripura, Secretariat, Agartala, for ITI Upgrade project for upgrading 19 ITI across Tripura for Rs 95.65 crore. Powered by Capital Market - Live

The company's board has also approved to acquire 100% stake in NIRL by way of subscribing the equity shares for transferring of renewable assets to NIRL under Asset Monetization plan at its book value subject to other approvals required in this regard. The company will acquire NIRL for development of renewable power projects in Gujarat & Rajasthan and will carry out the existing renewable power projects NLCIL under Asset Monetisation Plan. The net book value of renewable energy assets in the books including CWIP of the ongoing projects of NLC as on 30.09.24 is Rs 6,263 crore. NLC India is a 'Navratna' government of India company in the fossil fuel mining sector in India and thermal power generation. As of 30 September 2024, the Government of India held 72.20% stake in the company. The company's consolidated net profit declined 15.9% to Rs 911.85 crore despite of 22.8% increase in revenue from operations to Rs 3,657.27 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Net profit of NLC India declined 15.94% to Rs 911.85 crore in the quarter ended September 2024 as against Rs 1084.70 crore during the previous quarter ended September 2023. Sales rose 22.83% to Rs 3657.27 crore in the quarter ended September 2024 as against Rs 2977.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3657.272977.53 23 OPM %27.7028.03 - PBDT1546.032155.69 -28 PBT1133.411700.64 -33 NP911.851084.70 -16 Powered by Capital Market - Live

NLC India will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

NLC India announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

NLC India announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

The company's solar project is set to generate around 1,300 crore units of green power and offset 90 lakh tons of carbon emission in its lifetime. The said project will be developed with the equipment including single axis trackers, domestic make high efficiency modules aimed for achieving higher generation under Atma Nirbhar Bharat (Make in India). The project is set to be commissioned by June 2025. 'This association comes with twin advantage of cheap green power and meeting the renewable purchase obligation of Telangana State,' according to company's regulatory filling. The company stated that it has already been supplying more than 234 MW of affordable thermal power to the state of Telangana for more than three decades and this association in Renewables is the mark of the start of a long journey, for both the state of Telangana and NLCIL towards a sustainable future. NLC India is a 'Navratna' government of India company in the fossil fuel mining sector in India and thermal power generation. As of 30 June 2024, the Government of India held 79.20% stake in the company. The company's consolidated net profit jumped 38.2% to Rs 559.42 crore on 1.8% rise in revenue from operations to Rs 3,376.05 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

Net profit of NLC India rose 38.23% to Rs 559.42 crore in the quarter ended June 2024 as against Rs 404.71 crore during the previous quarter ended June 2023. Sales rose 1.80% to Rs 3376.05 crore in the quarter ended June 2024 as against Rs 3316.49 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3376.053316.49 2 OPM %32.0536.00 - PBDT1254.891074.91 17 PBT821.66613.53 34 NP559.42404.71 38 Powered by Capital Market - Live

NLC India will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live