Indian stock markets opened the week with a cautious tone, as disappointing inflation figures from China suggested that recent measures by Beijing aimed at boosting economic demand might be falling short. The benchmark S&P BSE Sensex fell by 145 points, or 0.2%, trading at 81,52 in early sessions. Similarly, the broader NSE Nifty index saw a decline of 56 points, or 0.2%, settling at 24,621.
Key decliners included Trent, Nestle India, Britannia Industries, Hindustan Unilever, and Tata Consumer Products, which each saw a fall of between 2% to 4%.
Shares of Godrej Consumer Products plunged over 9% following the company's cautionary outlook, citing a challenging demand environment alongside external pressures impacting its main business divisions.
Conversely, Tata Power posted a modest increase of about 1% amid announcements of a significant capital expenditure outlay of Rs 1.25 lakh crore planned between 2026 and 2030.
Welspun Corp enjoyed a 2.1% rise after securing two major contracts for the supply of HSAW-coated pipes pertinent to Natural Gas Pipeline Projects in the United States.
Delta Corp advanced by 1.3% after unveiling a revised strategy for the separation of its hospitality and real estate ventures. Meanwhile, Easy Trip Planners saw an increase close to 2% following its confirmation of new key strategic acquisitions.
Additionally, Paytm's shares rose by 1% on the announcement of its intention to sell its stake in Japan's PayPay Corporation to SoftBank in a transaction valued at Rs 2,364 crore.
