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SENSEX, NIFTY50 extend losses; Netweb Technologies, GMDC, Brainbees Solutions among buzzing stocks
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5 min read | Updated on September 05, 2025, 13:03 IST
SUMMARY
Shares of the parent of FirstCry rose 12.37% to hit an intraday high of ₹395.80. The rise in the share price comes after the government announced GST reforms. According to the new GST regulations, apparel priced up to ₹2,500 will now be taxed at 5%, compared with 12% earlier.
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MosChip Technologies shares touched a fresh 52-week of ₹244.79 apiece on Friday. Image: Shutterstock
The Indian equity benchmarks extended losses in noon deals dragged down by selling pressure in index heavyweights like ICICI Bank, ITC, Infosys, Tata Consultancy Services, HDFC Bank and Larsen & Toubro. The SENSEX fell as much as 397 points and NIFTY50 index touched an intraday low of 24,632. As of 12:39 pm, the SENSEX was down 346 points at 80,371 and NIFTY50 index declined 98 points to 24,640.
Trading volume in GMDC shares spiked by 4.5 times to 2.33 crore shares as against an average trading volume of 51.40 lakh shares.
On the BSE, as many as 14.27 lakh shares changed hands compared with an average of 2.17 lakh shares traded daily in the past two weeks.
Shares of Netweb Technologies came under buying interest since the start of this month after the company concluded its annual general meeting on August 30.
The company said that the order is for national importance as it involves strengthening India’s AI compute capabilities and advancing the country’s ambitions for a Sovereign AI System under the IndiaAI Mission.
"The order will leverage Netweb’s latest GPU-accelerated platforms built on NVIDIA’s cutting-edge Blackwell architecture. Execution is scheduled between the last quarter of FY26 and the first half of FY27," Netweb Technologies said.
The company produces and sells a vast range of products for mothers, babies and kids through its e-commerce platform, FirstCry.com, along with its own brands like Pine Kids. Its extensive product catalogue includes baby gear, apparel, footwear, toys, personal care items, and more, catering to children up to 12 years old.
SoftBank’s investment arm disposed of an aggregate of 94.9 million shares in Ola Electric Mobility, a regulatory filing dated Thursday said.
"SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken between July 15, 2025, and September 2, 2025, with the disposal on September 2, 2025, breaching the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations," the filing stated.
Prime Minister Narendra Modi on Wednesday met top executives of global semiconductor giants at SEMICON India 2025 and noted their confidence in India's potential as a hub for chip innovation and manufacturing. The interaction witnessed a gathering of prominent figures from the semiconductor industry.
In a post on X, the Prime Minister said, “Earlier today, I interacted with leading CEOs from the world of semiconductors during SEMICON India 2025. Their confidence in India’s potential is evident, and they are betting big on India as a global hub for semiconductor innovation and manufacturing. I talked about India's relentless reform journey in this sector, which includes building robust infrastructure and emphasis on skilling as well as innovation.”
According to the notice, each equity share of Rs 10 will be sub-divided into five fully paid-up equity shares of the face value of Rs 2 each, ranking pari passu in all respects. The voting period began from 9 am on August 6, and ended at 5 pm on September 4.
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