Evening edition, as of about 5 PM IST on Tuesday, October 27, 2026. Indian equities ended nearly flat after moving between gains and losses during the session. Company-specific developments included a large water infrastructure order, a new Tata Power–BPCL project agreement, progress in Tata Motors’ proposed Iveco takeover and several deal disclosures.
In Simple Words
A big order or a new business agreement can improve a company’s growth prospects, but it does not guarantee higher profits. Investors also look at execution, costs and the terms of each deal.
1. Sensex and Nifty Finish Nearly Flat
The Sensex slipped 8.08 points to 73,598.67, while the Nifty 50 fell 3.45 points to 22,749.75. Bharti Airtel, Trent and Maruti Suzuki were among the leading Sensex gainers; SBI, Axis Bank and TCS were among the laggards.
| Index | Close | Change |
|---|---|---|
| Sensex | 73,598.67 | −8.08 points (−0.01%) |
| Nifty 50 | 22,749.75 | −3.45 points (−0.02%) |
2. VA Tech Wabag Wins Reliance Order Worth More Than ₹1,000 Crore
Reliance Industries awarded VA Tech Wabag a “Mega” order for desalination and remineralisation plants at Jamnagar, Gujarat. The scope covers design, engineering, supply, installation, commissioning and performance testing. The desalination plant is planned with an initial capacity of 8,400 cubic metres per hour, with provision to expand to 12,600 cubic metres per hour.
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| Detail | Figure |
|---|---|
| Order value | More than ₹1,000 crore |
| Initial capacity | 8,400 m³/hour |
| Expansion capacity | 12,600 m³/hour |
3. Tata Power and BPCL Sign MoU for Mumbai Refinery Infrastructure
Tata Power and Bharat Petroleum Corporation (BPCL) signed an MoU for 110 kV power infrastructure to meet the requirements of BPCL’s PRFCCU project at its Mumbai Refinery. The infrastructure is expected to take about 24 months to complete, subject to approvals and project milestones.
| Project detail | Announced figure |
|---|---|
| Power connection | 110 kV |
| BPCL project requirement | 90 MW |
| Estimated combined outlay | About ₹250 crore |
| Expected development period | About 24 months |
4. Iveco Filing Says Tata Motors’ Takeover Threshold Has Been Met
A filing published by Iveco on behalf of Tata Motors said the acceptance threshold for the proposed takeover had been satisfied, with Tata Motors’ provisional shareholding above 89% of Iveco’s common share capital, excluding treasury shares. The offer values the Italian vehicle maker at around $4.36 billion. The development marks progress in the transaction, not confirmation that every remaining step is complete.
5. Highway Infrastructure Receives ₹91.78 Crore NHAI Letter of Acceptance
Highway Infrastructure received a Letter of Acceptance from the National Highways Authority of India for operations at Baiti Kala Fee Plaza in Uttar Pradesh. The award gives the company a specific project to execute.
| Awarding authority | Project location | LOA value |
|---|---|---|
| NHAI | Baiti Kala Fee Plaza, Uttar Pradesh | ₹91.78 crore |
6. Genus Power Board Approves Buyback Plan
Genus Power Infrastructures’ board approved a buyback of up to 47.5 lakh shares at ₹312 per share, for a maximum aggregate amount of ₹148.2 crore. Investors will look for the subsequent offer details and timeline.
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| Maximum buyback value | Price per share | Maximum shares |
|---|---|---|
| ₹148.2 crore | ₹312 | 47.5 lakh |
7. SoftBank Entity Sells More Ola Electric Rights Entitlements
Bulk-deal data reported on Tuesday showed SoftBank-owned SVF II Ostrich sold Ola Electric rights entitlements on Monday. The sale concerned entitlements available through the rights issue, not Ola Electric shares themselves. Following this transaction, the fund had sold 82.7% of its estimated entitlement over three sessions.
| Monday transaction | Amount |
|---|---|
| Rights entitlements sold | 2.37 crore |
| Price per entitlement | ₹1.32 |
| Estimated entitlement sold in transaction | 54.7% |
8. Tiger Strategies Fund Sells Shankesh Jewellers Shares
Bulk-deal data reported Tuesday showed Tiger Strategies Fund-I sold 8.21 lakh Shankesh Jewellers shares on Monday, representing 0.55% of the company’s paid-up equity. The fund’s September holding had been 1.25%.
| Shares sold | Stake represented | Average price |
|---|---|---|
| 8.21 lakh | 0.55% | ₹91.76 |
9. Anchor Investor Exits Gujarat Kidney and Super Speciality Holding
Nexus Global Opportunities Fund sold its reported holding of 4.38 lakh shares in Gujarat Kidney and Super Speciality on Monday, according to bulk-deal information reported Tuesday. The sale represented 0.55% of the company’s paid-up equity.
| Shares sold | Stake represented | Transaction value |
|---|---|---|
| 4.38 lakh | 0.55% | ₹7.8 crore |
10. Riambel Capital Acquires 0.62% Stake in SG Mart
Bulk-deal data reported Tuesday showed Riambel Capital PCC-RCC1 acquired 7.89 lakh SG Mart shares on Monday, representing 0.62% of the company’s equity capital.
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| Shares acquired | Stake represented | Price per share |
|---|---|---|
| 7.89 lakh | 0.62% | ₹799.46 |
Disclaimer: This article is for informational purposes only and is not investment advice. OneTrader is not registered with SEBI as an investment adviser or research analyst.
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