SENSEX, NIFTY extend gains; Reliance Power, Reliance Infra, Yes Bank among buzzing stocks

The Indian equity benchmarks extended gains in noon deals led by gains in information technology heavyweights like Infosys, tata Consultancy Services (TCS), HDFC Bank, HCL Technologies, Eternal and Tech Mahindra. The SENSEX rose as much as 430 points and NIFTY50 index touched an intraday high of 24,997. As of 1:00 pm, the NIFTY50 was up 120 points at 24,990 and SENSEX climbed 397 points to 81,711.

As per the RBI, this approval is valid for one year from the date of this letter. RBI has further clarified that pursuant to the said acquisition, SMBC would not be treated as a promoter of the Bank.

Earlier in May 2025, Yes Bank informed stock exchange about proposed acquisition by Sumitomo Mitsui Banking Corporation of 20% shareholding in the Bank through a secondary stake purchase of 13.19% stake from the State Bank of India (SBI) and an aggregate of 6.81% stake from seven other shareholders, including Axis Bank Limited, Bandhan Bank Limited, Federal Bank Limited, HDFC Bank Limited, ICICI Bank Limited, IDFC First Bank Limited and Kotak Mahindra Bank Limited.

Reliance Power was locked in at ₹46.46, down 5%, while Reliance Infrastructure was also frozen at a 5% lower circuit at ₹275.65 on the NSE.

The stocks are in focus as the companies said on Sunday that the recent action by CBI on Reliance Communications has had no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders.

In two separate exchange filings, the companies said they are separate and independently listed entities with no business or financial linkage to Reliance Communications.

Further, Anil D. Ambani has not been on the Board of Reliance Power for more than 3.5 years. Accordingly, any action in relation to Reliance Communications has no bearing or impact on their governance, management, or operations, the companies said.

The reason behind a sharp rally in paper stocks is the government action on the import of certain paper products.

According to a report by The Pulp & Paper Times, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has tightened import conditions for certain paper and paperboard products by amending the Import Policy under Chapter 48 of ITC HS, 2022.

CEAT OHT Lanka is a subsidiary of the Indian tyre manufacturer CEAT Limited.

Manmadkar will be relieved from the services of the company from the closing business hours on October 9, 2025.

Further, the company's board, at its meeting held on August 22, 2025, approved the designation of Pradyumna Krishna Kumar, Executive Director of the Company, as the Interim Chief Financial Officer and Key Managerial Personnel of the Company with effect from October 10, 2025, based on the recommendation of the Audit Committee and Nomination and Remuneration Committee till the time a new CFO is appointed by the Board.

Meanwhile, Brigade Group announced the launch of its latest residential offering, Brigade Lakecrest, nestled beside the Bhattarahalli Lake on Old Madras Road, Bengaluru.

Brigade Lakecrest will be developed under a joint development model, with a total development area of approximately 9.33 lakh square feet and a projected revenue potential of over ₹950 crore. The project has received RERA approval as of June 24, 2025, with a scheduled completion in March 2030.