Indian equities ended Friday’s session marginally higher, with softer crude prices and positive cues from Asian markets supporting sentiment. 96.
From a technical perspective, a sustained move above 23,600 could pave the way for the Nifty to test 23,800-24,000, provided Brent crude remains below $102 and bond yields ease, according to Hariselvan Radhakrishnan, Founder and CEO of HST Wealth. On the downside, a break below 23,000, he believes, could bring 22,800-22,600 into focus, particularly if crude prices or US Treasury yields rise again.
Against this backdrop, shares of RVNL, Lenskart Solutions, Mazagon Dock, Maruti Suzuki India, Nestlé India and several other companies are likely to remain in focus on Monday following key corporate announcements. 88 crore from East Coast Railway for works related to the third railway line on the Bhadrak-Vizianagaram section.
The project covers 385 km, including the Nergundi-Barang and Khurda Road-Vizianagaram stretches. Mazagon DockMazagon Dock Shipbuilders has signed an MoU with National Shipbuilding and Heavy Industries Park-AP to develop a greenfield shipyard at Dugarajapatnam in Andhra Pradesh.
The company plans to invest around Rs 15,000 crore in the project over the next five to seven years. 4 crore, according to reports.
45 apiece. Kalyan JewellersKalyan Jewellers has invested Rs 350 crore in its wholly owned subsidiary Candere Lifestyle Jewellery through a rights issue.
5 lakh shares at a premium of Rs 2,000 per share, with the allotment completed on September 19. Maruti Suzuki IndiaMaruti Suzuki India has introduced automatic S-CNG versions of the Swift, Dzire and Baleno.
NMDCState-run iron ore producer NMDC has set a target of achieving net-zero operational emissions by 2047. The target covers Scope 1 emissions from direct fuel consumption and Scope 2 emissions associated with electricity use.
Manipal Health EnterprisesManipal Health Enterprises, operator of Manipal Hospitals, has redeemed Rs 5,310 crore of listed non-convertible debentures issued by its wholly owned subsidiary, Manipal Hospitals Private. VIP IndustriesVIP Industries has approved a proposal to raise up to Rs 500 crore during FY27.
The luggage and travel accessories maker disclosed the proposed fundraise in a regulatory filing on Friday. Nestlé IndiaFSSAI has initiated legal action against Nestlé India over alleged regulatory non-compliances involving NAN Excella Pro Stage 1 and Lactogen Pro 1.
