Texmaco Bags Railway Deal
- 11th Jun 2025
Aaj Ka Bazaar
US markets extended their gains with all major indices closing in the green, supported by cautiously optimistic sentiment ahead of the U.S.–China negotiations. The talks concluded post-market with both sides agreeing to implement a framework based on the Geneva truce. However, markets remain wary as the success of the agreement depends on key implementation details, a concern reflected in U.S. futures, which are trading slightly lower. This cautious tone has also carried over to Asian markets, where the Nikkei and Hang Seng posted modest gains. On the domestic front, sentiment remains subdued, with GIFT Nifty indicating a modest gap-up at open, suggesting investors are in a wait-and-watch mode until the agreement receives formal endorsement from both governments. Meanwhile, liquor stocks may likely be under light activity after the Maharashtra government approved a significant hike in excise duties and introduced reforms aimed at tighter control and improved tax collection.
Markets Around Us
BSE Sensex – 82,492.33 (0.12%)
Nifty 50 – 25,133.40 (0.12%)
Bank Nifty – 56,509.05 (-0.21%)
Dow Jones – 42,783.46 (-0.19%)
Nasdaq – 19,714.99 (0.63%)
FTSE – 8,853.08 (0.23%)
Nikkei 225 – 38,372.24 (0.42%)
Hang Seng – 24,384.91 (0.92%)
Sector: Industrial Product
Texmaco Secures ₹44-Cr Railway Contract
Texmaco Rail & Engineering has won a ₹44.04 crore contract from Mumbai Railway Vikas Corporation (MRVC) for a major railway infrastructure project. The order involves supplying, building, installing, testing, and commissioning electrical equipment for the Central Railway’s 3rd and 4th lines. Specifically, Texmaco will set up a 1X25 kV traction substation with 40/56 MVA transformers, along with two sectioning posts and supporting systems. This setup is crucial for managing high-voltage electric power used to run trains efficiently and safely. The entire project is expected to be completed within 18 months. This deal strengthens Texmaco’s position in the railway electrification segment and reflects strong government spending on rail infrastructure, a positive sign for both investors tracking the stock and young professionals eyeing India’s growing transportation sector.
Why it Matters:
This order highlights growing government investment in railway infrastructure, boosting companies like Texmaco. It strengthens Texmaco’s role in the electrification space, potentially leading to more contracts. For investors, it signals steady revenue visibility and long-term growth opportunities.
NIFTY 50 GAINERS
COALINDIA – 406.25 (1.68%)
RELIANCE– 1461.60 (1.61%)
ONGC – 850.95 (1.71%)
NIFTY 50 LOSERS
SHRIRAMFIN – 690.60 (-1.40%)
GRASIM – 2680.30 (-1.02%)
JIOFIN – 299.90 (-0.96)
Sector : Microfinance Institutions
CreditAccess Grameen has raised $100 million through a multi-currency social loan from a group of banks across South Asia and the Far East. The loan is in both Japanese Yen and US Dollars and falls under the RBI’s automatic route for External Commercial Borrowings (ECBs). The funds will be used to support various social development projects aligned with the company’s mission to promote inclusive and sustainable growth in underserved communities. This move not only helps CreditAccess expand its impact but also shows strong confidence from international lenders. For professional traders, it signals robust funding and future growth potential for the company, while for young professionals, it’s a great example of how finance can power social change.
Why it Matters:
This funding strengthens CreditAccess Grameen’s ability to support social development in underserved areas, boosting its long-term impact. It also reflects growing trust from global banks in India’s microfinance sector. For investors, it signals financial stability and strong growth prospects.
Around the World
Asian currencies and the U.S. dollar remained mostly flat on Wednesday as investors waited for more clarity on two key events. First, U.S. and Chinese officials wrapped up trade talks in London, agreeing on a basic deal to reduce tensions. The deal could lead to China easing export limits on rare earth minerals and the U.S. softening curbs on tech exports, but it still needs approval from Presidents Trump and Xi. Despite this progress, currency markets didn’t move much since no concrete tariff cuts were announced. The U.S. Dollar Index rose slightly by 0.1%, and most Asian currencies, including the yuan, yen, rupee, and won, showed little change. Investors are also waiting for the U.S. inflation report, which will offer clues about whether the Fed will adjust interest rates. For traders, this means staying cautious as markets remain sensitive to policy signals and global trade developments.
Option Traders Corner
Max Pain
Nifty 50 – 25100
Bank Nifty – 56000
Nifty 50 – 25119 (Pivot)
Support – 25,040, 24,975, 24,896
Resistance – 25,183, 25,263, 25,327
Bank Nifty – 56736 (Pivot)
Support – 56,457, 56,284, 56,005
Resistance – 56,908, 57,187, 57,359
Introducing India’s First AI Trading Bot Now on WhatsApp
Did you know?
Printing Money Just Got Costlier
Did you know the RBI will spend ₹6,372.8 crore on security printing in 2024-25? That’s a 25% jump from last year’s ₹5,101.4 crore all driven by the rising demand for banknotes. Yes, even printing money comes with a heavy price tag!
