Stock Market Live Updates: Nifty, Sensex Off Day's Low; Dmart, Ireda, BHEL Shares In Focus

States raised concerns over shrinking fiscal space and revenue pressures at a pre-Budget consultation with Nirmala Sitharaman, flagging the impact of recent tax changes on their finances.

At the meeting, attended by finance ministers and senior representatives from several states and Union Territories, states said mid-year GST rate cuts have led to revenue losses, tightening budgets ahead of the Union Budget. While GST rationalisation was described as pro-people, states cautioned that it has hit state finances hard, limiting room for spending.

The auto major came in focus on Monday after the board of directors approved land acquisition in Gujarat. The company is going to buy land for capacity expansion and will invest Rs 4,960 crore.

The shares of Signatureglobal hit two-year low after it's third quarter business update. The scrip fell as much as 6.5% to Rs 935.90 apiece on Monday, highest level since Jan. 3, 2024. It pared losses to trade 4.5% lower at Rs 956 apiece, as of 10:01 a.m. This compares to a 0.48% decline in the NSE Nifty 50 Index.

It has fallen 23.69% in the last 12 months and 15.19% year-to-date. Total traded volume so far in the day stood at 1.36 times its 30-day average. The relative strength index was at 19.26, indicating it was underbought.

The shares of Globus Spirits were in focus on Monday after it announced its third quarter results. The scrip rose as much as 5.71% to Rs 1,125 apiece on Monday, highest level since Jan. 8. It pared gains to trade 2.17% lower at Rs 1,041 apiece, as of 9:53 a.m. This compares to a 0.38% decline in the NSE Nifty 50 Index.

It has risen 32% in the last 12 months and 0.08% year-to-date. Total traded volume so far in the day stood at 1.6 times its 30-day average. The relative strength index was at 62.73.

Over 3.91 million shares of Eternal were traded via a block deal on Monday. The share of Eternal fell as much as 2.18% to Rs 278.50 apiece.