loading
loading
The Nifty 50 settled 117.80 points, or 0.50%, higher at 23,446.80, while the Sensex gained 299.17 points, or 0.40%, to close at 74,828.25. From a technical perspective, the recovery could extend towards the 20-day moving average, currently placed around 23,650-23,700, if Brent crude sustains below the $100-a-barrel mark, according to Vatsal Bhuva, technical analyst at LKP Securities. “On the derivatives front, strengthening PCR and Put writing at higher strikes indicate a gradual shift in the base,” Bhuva said. Immediate support for the Nifty is seen at 23,300, while resistance is pegged at 23,650-23,700. Against this backdrop, shares of Bharat Dynamics, NTPC, Canara Bank, Waaree Energies and several other companies are likely to remain in focus on Thursday following a series of corporate developments. Bharat Dynamics The Ministry of Defence has signed an Rs 810.79 crore contract with Bharat Dynamics Ltd for the supply of 160 Satellite Smart Anti-Airfield Weapons (SAT-SAAW) and associated equipment to the Indian Air Force. The order adds to the company’s defence order pipeline and comes as India continues to push for greater domestic production of defence equipment. NTPC NTPC has paid a final dividend of Rs 3,393.83 crore for FY26, equivalent to 35% of the company’s paid-up equity share capital. The payment is in addition to the first and second interim dividends of Rs 2,666.58 crore each paid by the company during the financial year. Sedemac Mechatronics Investors including A91 Emerging Fund, Xponentia Opportunities Fund and HDFC Life Insurance are set to sell up to 44.3 lakh shares, representing a 10% stake in Sedemac Mechatronics, through a block deal aimed at raising Rs 1,329 crore. The floor price has been fixed at Rs 3,000 per share, representing a discount of up to 1.2% to the prevailing market price. The shares will be subject to a 60-day lock-in on further sale, according to reports. Read more: Ahead of Market: 10 things that will decide stock market action on Thursday Delphi World Money Delphi World Money is advancing its transition from a traditionally finance-focused business into a diversified travel, financial services and technology platform, with the integration and expansion of the Ebix Group’s travel business emerging as a key growth driver. The company’s corporate travel business grew 13% in August 2026, supported by new enterprise wins and deeper engagement with existing customers. ESAF Small Finance Bank ESAF Small Finance Bank said on Wednesday that its board has approved a proposal to raise up to Rs 500 crore through the private placement of non-convertible debentures (NCDs). The fundraising is aimed at augmenting the bank’s Tier-II capital. Avantel Avantel has received an order worth Rs 177.35 crore from Zetwerk Manufacturing Businesses for the supply of satellite equipment. Inox Green Energy Services Inox Green Energy Services has voluntarily withdrawn the credit ratings assigned by CRISIL to its banking facilities after obtaining the requisite consent from its lenders. The company continues to maintain ratings from Acuité Ratings & Research. Its long-term banking facilities carry an ‘ACUITE AA- | Stable’ rating, while its short-term banking facilities are rated ‘ACUITE A1+’. Waaree Energies Waaree Energies’ board has approved the draft scheme of amalgamation of Indosolar Ltd with the company and their respective shareholders. The proposed merger remains subject to statutory, regulatory and other customary approvals, including those from the BSE, NSE, the jurisdictional National Company Law Tribunal, and the shareholders and creditors of the companies, as applicable. Jagsonpal Pharmaceuticals Jagsonpal Pharmaceuticals said it will acquire the wellness portfolio of Group Pharmaceuticals through a slump sale for a total consideration of up to Rs 46.7 crore. Read more: Gautam Adani reclaims top spot as India’s richest, edges out Mukesh Ambani: Hurun Rich List Canara Bank The Department of Financial Services, Ministry of Finance, has extended the tenure of Bhavendra Kumar, executive director at Canara Bank, beyond his current term ending October 8, 2026. Kumar’s tenure has been extended until his superannuation on October 31, 2027, or until further orders, whichever is earlier. Exide Industries Battery maker Exide Industries said it has completed the commissioning of Phase I of its 6 GWh lithium-ion cell manufacturing facility through its material subsidiary, Exide Energy Solutions Ltd. The commissioning marks a key milestone in the company’s plans to build domestic lithium-ion cell manufacturing capacity. GHCL GHCL, India’s second-largest soda ash producer, said it has been declared the preferred bidder for a composite licence following an e-auction conducted by the Commissioner of Geology and Mining, Government of Gujarat. Concord Biotech The board of Concord Biotech has approved a 1:1 bonus issue, subject to shareholder approval. Under the proposal, eligible shareholders will receive one additional fully paid-up equity share for every fully paid-up equity share held. Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-24 02:52