The industry's underlying demand remains robust, with original equipment manufacturers (OEMs) maintaining healthy production schedules and expectations of another strong financial year.

The rupee opened at 94.97 against the US dollar, down 2 paise from its previous close of 94.95. The currency remained in a narrow trading range initially, but the broader market environment continued to remain challenging for emerging-market currencies.

The move comes as global philanthropic institutions increasingly look beyond traditional grant-making towards collaborative models that can identify promising solutions.

The stock debuted at ₹75 on the BSE, representing a 24.24 per cent discount to its issue price of ₹99. On the NSE, the shares opened at ₹72, translating into a 27.27 per cent discount.

Authorities have urged people living in central, eastern and western parts of Nepal to remain alert, particularly communities located close to riverbanks and in low-lying downstream areas.

The BSE Sensex plunged more than 800 points from its opening level to hit an intraday low of 76,135, while the Nifty 50 slipped below the crucial 23,800 mark to touch 23,786.

Wright made the comments after arriving in Venezuela for a one-day visit, as Caracas and international energy companies prepare to sign a series of agreements covering oil and energy projects.

The strong performance came at a time when the broader domestic market was under pressure. The BSE Sensex was down around 0.80 per cent during the morning session, highlighting the relative strength in Coal India's stock.

The Sensex fell as much as 800 points intraday, while the Nifty50 slipped below the 23,800 mark, extending the previous session’s weakness.