The markets are trading lower today, with the Nifty 50 struggling close to the 24,600 mark. And Sensex is down 350 points. The small and midcap stocks are relatively underperforming, with the cut significantly higher in the broader market.
Here is a quick look at the big buzzers in trade today and the top movers and shakers.
Adani Ports
The share price of Adani Ports is down over 2% in intraday trade today. The company has declared its Q1 numbers today. The Q1FY26 net profit has risen 7%. However, in a big development, Gautam Adani has decided to step down from key managerial roles in the company.
BSE
The BSE share price has slumped by over 5% in trade today. The stock is under pressure on news reports about the Securities and Exchange Board of India (SEBI) being in talks with the Finance Ministry to curb options market speculation. As per CNBC-TV18, it is likely that SEBI may discontinue weekly options expiry.
Mazagon Dock
The share price of Mazagon Dock has had a good run today. The stock is up 2% in trade today. The uptick in the stock price is particularly striking after the sharp fall in defence stocks since Operation Sindoor. In the last two days, the shares have risen over 3% after a sharp 13% slide in the last one month. The strong order book and the capex lineup are seen as key positives for this defence play.
Newgen Software
The share price of Newgen Software has rallied 13% in trade today. Over the last 5 days, the stock has rallied 10% after clocking a 15% decline in the past one month. The tech sector has been under pressure for a host of factors, including growing layoffs, margin pressure and geopolitical headwinds.