The headline equity benchmarks traded with substantial cuts in mid-afternoon trade as investors considered the likely consequences of Donald Trump's second term, focusing on US-China trade tensions, US Fed rate cuts, and global economic growth. The Nifty traded below the 23,200 level after hitting the day's high of 23,426.30 in early trade. Bank shares declined after advancing in the past trading session. Trading was volatile due to the weekly F&O series expiry of the Sensex today. At 14:30 IST, the barometer index, the S&P BSE Sensex, dropped 762.44 points or 0.99% to 76,290.13. The Nifty 50 index lost 186 points or 0.80% to 23,158.75. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.51% and the S&P BSE Small-Cap index declined 1.57%. The market breadth was weak. On the BSE, 1,279 shares rose and 2,613 shares fell. A total of 140 shares were unchanged. Buzzing Index: The Nifty Bank index slipped 1.21% to 48,752.50. The index gained 1.25% in the past trading session. ICICI Bank (down 2.29%), State Bank of India (down 1.57%), Axis Bank (down 1.07%), Kotak Mahindra Bank (down 0.96%), Canara Bank (down 0.84%), IDFC First Bank (down 0.69%), Federal Bank (down 0.67%), Bank of Baroda (down 0.59%), IndusInd Bank (down 0.52%) and HDFC Bank (down 0.25%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.31% to 6.853 as compared with the previous close of 6.874. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.5525, compared with its close of 85.4500 during the previous trading session. MCX Gold futures for the 5 February 2025 settlement rose 0.47% to Rs 78,917. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.47% to 108.58. The United States 10-year bond yield fell 1.47% to 4.543. In the commodities market, Brent crude for March 2025 settlement lost 99 cents, or 1.23% to $79.80 a barrel. Stocks in Spotlight: DEE Development Engineers advanced 2.88% after the firm commissioned 2nd phase of its manufacturing plant in Anjar, Gujarat, enhancing the capacity by 9,000 MT per annum. Indoco Remedies shed 0.04%. The pharmaceutical company reported standalone net loss of Rs 10.23 crore in Q3 FY25 as against net profit of Rs 20.01 crore posted in Q3 FY24. Revenue from operations stood at Rs 364.91 crore in the third quarter of FY25, down 18.61% as against Rs 448.38 crore posted in Q3 FY24. Raghav Productivity Enhancers rallied 3.12% after the company's consolidated net profit surged 64.3% to Rs 9.81 crore in Q3 FY25 as against Rs 5.97 crore posted in Q3 FY24. Revenue from operations climbed 73.6% YoY to Rs 55.04 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

The facility's total operational capacity now stands to 12,000 MT per annum and it shall primarily cater to the jobs of oil and gas piping sector. Krishan Lalit Bansal, chairman said, 'The total investment in this facility amounts to Rs 250 crore. Of this, Rs 160 crore will be allocated to the process piping solutions plant, which has an annual capacity of 27,000 metric tons. Till now the capacity of 12,000 MT has been commissioned and company is contemplating to enhance the balance capacity of 15,000 MT shall be commissioned by October 2025. Additionally, Rs 90 crore will be invested in establishing a seamless pipe manufacturing facility specializing in high wall thickness pipes, with a planned annual production capacity of 7,000 metric tons. This seamless pipe facility is expected to be commissioned by January 2026.' 'The facility is a key element of DEE Development Engineers' long-term growth strategy, aimed at catering to the increasing demand for high-quality process piping solutions and high wall thickness pipes,' he added. Bansal added that over the next three to five years, the company is targeting a three-fold increase in revenue. The facility will drive operational efficiency and enhance the EBITDA margin. Market research projects a 7% annual growth rate for the sector over the next decade, driven by technological advancements and rising demand for oil, gas, and hydrogen solutions, stated the company. The new facility will enable it to effectively meet the rising demand for high-quality process piping solutions and thick seamless pipes, positioning to benefit from orders within this industry. The company anticipates reaching its full production capacity of 27,000 metric tons of process piping solutions by 1 October 2025, with seamless pipe production slated to begin effective from 1 January 2026. Dee Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. The company's consolidated net profit surged 125.1% to Rs 22.26 crore in Q2 FY25 as against Rs 9.89 crore posted in Q2 FY24. Revenue from operations rose 8.6% YoY to Rs 194.02 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

DEE Development Engineers has bagged an export order valued at USD 16.5 million for supply of prefabricated pipe spools. Powered by Capital Market - Live

Due to commercial issue, the company cannot disclose the name of the new customer. The said order involved the supply of prefabricated pipe spools. The order is valued at $16.5 million and it is scheduled to be completed by December 2026. Dee Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. The company's consolidated net profit surged 125.1% to Rs 22.26 crore in Q2 FY25 as against Rs 9.89 crore posted in Q2 FY24. Revenue from operations rose 8.6% YoY to Rs 194.02 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

Net profit of DEE Development Engineers rose 125.08% to Rs 22.26 crore in the quarter ended September 2024 as against Rs 9.89 crore during the previous quarter ended September 2023. Sales rose 8.63% to Rs 194.02 crore in the quarter ended September 2024 as against Rs 178.60 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales194.02178.60 9 OPM %15.3613.40 - PBDT38.6621.46 80 PBT26.1410.84 141 NP22.269.89 125 Powered by Capital Market - Live

Dee Development Engineers will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

Dee Development Engineers announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Dee Development Engineers announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

DEE Development Engineers has bagged a purchase order of Rs 26.58 crore from the L&T Energy Hydrocarbon, MFFK-Module Fabrication Facility, Kattupalli, near Ennore port, Taluk Ponneri, Distt. Tiruvallur, Tamil Nadu. Powered by Capital Market - Live

Net profit of DEE Development Engineers reported to Rs 3.19 crore in the quarter ended June 2024 as against net loss of Rs 4.58 crore during the previous quarter ended June 2023. Sales rose 17.56% to Rs 184.97 crore in the quarter ended June 2024 as against Rs 157.34 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales184.97157.34 18 OPM %13.408.94 - PBDT16.928.20 106 PBT4.39-2.57 LP NP3.19-4.58 LP Powered by Capital Market - Live