Grasim Industries Ltd. Share Price

Tata Consumer Leads Losses as Sensex Snaps Winning Streak

The market closed in the red today, with the Sensex losing around 330 points and the Nifty snapping its four-day winning streak. IT stocks led the overall weakness, the Nifty IT index was the biggest sectoral laggard, down 1.32%, while rising crude oil prices, FII selling, and profit-booking after yesterday's gains all weighed on sentiment.

Closing Bell: Sensex Drops 330 Points, Nifty Ends 23,350

Indian benchmark indices closed lower on September 22, extending weakness through the session as selling pressure in IT and select large-cap stocks weighed on sentiment. The Sensex declined 329.91 points, or 0.44%, to 74,529.08, while the Nifty slipped 85.30 points, or 0.36%, to 23,329, ending below the 23,350 mark. Among the key Nifty laggards, Tata Consumer Products, Bajaj Finserv, Nestle India, Bajaj Finance and Grasim Industries faced notable selling pressure. Meanwhile, Coal India, InterGlobe Aviation, Eternal, Titan Company and Dr. Reddy’s Laboratories were among the prominent gainers. Sectoral Performance Sectoral trends remained mixed. The Media index advanced 1%, while the Realty index gained 0.9%. In contrast, the IT index declined nearly 1%, emerging as one of the major drags. FMCG, PSU Bank, Pharma and Oil & Gas indices also ended around 0.5% lower. Broader Market The broader market also remained under pressure, with both the Nifty Midcap 100 and Nifty Smallcap 100 closing marginally lower. The mixed sectoral performance reflected cautious trading, with investors focusing on stock-specific developments and broader market cues. Overall, the session ended on a weak note, with the Nifty maintaining a cautious tone after slipping below the 23,350 level, while the Sensex remained under pressure from heavyweight stocks. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,vv

Closing Sensex Falls 330 Points, Nifty Slips Below 23,350

Indian benchmark indices ended lower on September 22, with the Nifty closing below 23,350 amid selling pressure in IT and select heavyweight stocks. The Sensex declined 329.91 points, or 0.44%, to 74,529.08, while the Nifty fell 85.30 points, or 0.36%, to 23,329. Tata Consumer Products, Bajaj Finserv, Nestle India, Bajaj Finance and Grasim Industries were among the major Nifty laggards. On the other hand, Coal India, InterGlobe Aviation, Eternal, Titan Company and Dr. Reddy’s Laboratories ended higher. Sector-wise, the Media index gained 1% and Realty advanced 0.9%, while IT declined nearly 1%. FMCG, PSU Bank, Pharma and Oil & Gas indices each slipped around 0.5%. The broader market also remained subdued, with the Nifty Midcap 100 and Smallcap 100 ending marginally lower. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Grasim Industries Ltd Q1 FY27 profit surge

Grasim Confirms No Impact from Customs Search at Nagda Unit

Grasim Industries: Updates - Custom Search

Grasim Industries Limited has disclosed that the Office of the Commissioner of Customs, Indore, conducted a search at the company’s Cellulosic Staple Fiber (CSF) manufacturing unit at Birlagram, Nagda, Ujjain, Madhya Pradesh. * Import-Export Transactions Under Review The company stated that the authorities primarily reviewed records and sought information concerning import-export transactions. Grasim said that the concerned unit fully cooperated with the authorities, provided the requested records and facilitated the recording of statements from relevant officials. Importantly, the company’s disclosure states that no Show Cause Notice (SCN) or order has been issued or passed by the authority as of the date of the filing. Therefore, the search itself should not be interpreted as confirmation of any regulatory violation or contravention. No Material Financial or Operational Impact Reported In its regulatory disclosure, Grasim Industries has stated that the action has no material impact on the company’s financials, operations or other activities. The company has also confirmed that its business operations will continue as usual. This is a key point for investors, as the current filing does not quantify any financial liability, operational disruption or adverse impact arising from the Customs action. The company stated that the authorities primarily reviewed records and sought information concerning import-export transactions. Grasim said that the concerned unit fully cooperated with the authorities, provided the requested records and facilitated the recording of statements from relevant officials. Importantly, the company’s disclosure states that no Show Cause Notice (SCN) or order has been issued or passed by the authority as of the date of the filing. Therefore, the search itself should not be interpreted as confirmation of any regulatory violation or contravention.