Market News
SENSEX, NIFTY on track to snap six-day winning streak; R Systems, Zee Entertainment, PTC India among buzzing stocks
.png)
4 min read | Updated on August 22, 2025, 12:41 IST
SUMMARY
Shares of Blackstone-backed R Systems rose as much as 17% to hit an intraday high of ₹496.95 after the company post market hours on Thursday announced acquisition of Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent-automation services for an upfront cash consideration ₹400 crore.
Shares of Zee Entertainment rose as much as 5.93% to hit an intraday high of ₹124 on the BSE on heavy volumes. Image: Shutterstock
The Indian equity benchmarks were on track to snap their six-day winning streak on Friday, August 22, as investors flocked to profit booking after SENSEX and NIFTY surged over 2.5% in the last six sessions. The SENSEX fell as much as 608 points and NIFTY50 index touched an intraday low of 24,893 dragged down by losses in index heavyweights like HDFC Bank, Reliance Industries, ICICI Bank, ITC, Kotak Mahindra Bank and Tata Consultancy Services (TCS).
As of 12:25 pm, the SENSEX was down 535 points at 81,465 and NIFTY50 index dropped 167 points to 24,917.
"The strategic acquisition creates a global digital product engineering services powerhouse with ₹2,060 crore revenue and ₹380 crore EBITDA, offering engineering, deployment, and management of enterprise-scale fleets of AI agents under a single, governed platform," R Systems said in a press release.
Trading volumes in Zee Entertainment shares spiked by two times to over 1.25 crore shares compared with an average trading volume of 66 lakh shares on the National Stock Exchange. On the BSE, as many as 11.09 lakh shares changed hands as against an average of 2.97 lakh shares traded daily in the past two weeks.
This partnership is in line with the NBFC’s product diversification strategy and makes credit more accessible for consumers in a fast, seamless, and digital manner, PTI reported, quoting L&T Finance.
The synergy is poised to not only enhance convenience but also play a pivotal role in advancing digital financial inclusion across India, empowering consumers to fulfil their financial aspirations with responsible credit, it said.
“izmomicro, a specialized division of izmo Ltd., today announced a major milestone in silicon photonics packaging, underscoring its role as a pioneer in India’s semiconductor ecosystem and advancing the country’s position in the global race toward next-generation data and AI infrastructure,” IZMO said in a release.
Citing people familiar with the matter, CNBC Awaaz on Thursday had reported that Reddy will be selling a 1.25% stake in the company.
In its press release, the company said PTC’s association with BrahMos dates back to 2019, and the company has consistently supported the programme through the supply of specialised titanium components and raw materials like titanium mill forms.
About The Author
Next Story
