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Listen to this article in summarized format The Nifty 50’s immediate bias remains negative, with sustained trade below 24,025 potentially opening the way for a decline towards the key support zone of 23,800-23,600, coinciding with the previous major gap area and the July 2026 low, according to Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking. On the higher side, a move above the current week’s high and the 50-day EMA, placed around 24,143, could open a pullback towards 24,300-24,350 in the coming sessions. From a short-term perspective, only a move above the last two weeks’ high of around 24,380 would signal a resumption of positive momentum. Against this backdrop, HDFC Bank, M&M, Gland Pharma, CreditAccess Grameen and several other stocks are likely to remain in focus following key corporate developments. HDFC Bank The country’s largest private sector lender has raised close to $12 billion through Foreign Currency Non-Resident (Bank) deposits under the Reserve Bank of India’s concessional swap window, according to reports. “The bank has garnered $11.5 billion to $12 billion from the FCNR-Bs under RBI’s concessional swap facility,” sources told CNBC-TV18. Mahindra & Mahindra Mahindra & Mahindra expects the integration of SML Mahindra to be completed by January, according to a company official. The development of electric trucks is also in progress. The company expects the merger of its truck business operations with SML Mahindra by January and plans to launch an electric small bus by April. Gland Pharma Fosun Pharma is likely to divest a 5% stake in Gland Pharma through a block deal, according to reports. Fosun Pharma Industrial, the promoter of Gland Pharma, held 8,53,93,894 shares, or a 51.77% stake, in the pharmaceutical company as of the quarter ended June 30, 2026, according to BSE data. The floor price for the reported block deal has been set at Rs 2,763 per share, which could represent a discount of up to 5% to the current market price. The offer size is pegged at Rs 2,279.5 crore, with a 12-month lock-up on any further sale of shares. Read more: Small investors, big money! 15 retail-heavy subscribed IPOs of 2026 deliver up to 76% returns Avalon Technologies Avalon Technologies has approved the execution of a joint venture agreement with Zollner Elektronik to incorporate a wholly owned subsidiary of Zollner Avalon. Bharat Forge Bharat Forge said its wholly owned subsidiary Kalyani Strategic Systems Ltd (KSSL) has partnered with FN Herstal to build small arms and counter-unmanned aerial system (C-UAS) capabilities in India. Sundrop Brands Sundrop Brands informed the exchanges about an incident at the factory unit of its wholly owned subsidiary Del Monte Foods Private Ltd in Hosur, Tamil Nadu, resulting in the death of one workman. As part of statutory procedures, one manufacturing line used for making pizza sauce at the factory has been stopped pending completion of the requisite assessment by the Joint Director, Environment, Directorate of Industrial Safety and Health, Hosur, following an order issued on September 3, 2026. Ramco Systems Ramco Systems has signed a memorandum of understanding with Safran Helicopter Engines to automate the flow of engine information into Ramco’s aviation maintenance software. The collaboration is aimed at reducing the manual work currently required by helicopter operators when updating engine information after maintenance and shop visits. Read more: Up to 290% gains! SBI, Federal Bank make massive windfall as Arcil’s Rs 733-crore IPO hits D-Street CreditAccess Grameen CreditAccess Grameen has raised Rs 300 crore through a bilateral issuance of non-convertible debentures (NCDs). The NCDs were issued in two tranches. RBL Bank RBL Bank said it has received a show-cause notice dated September 2, 2026, under Section 73 of the Goods and Services Tax Act, 2017. The notice proposes a GST demand aggregating to Rs 164.14 crore, including applicable interest and penalty. UltraTech Cement Aditya Birla Group has entered India’s wires and cables market with an investment of Rs 1,800 crore. The business has been launched under the Ultravolt brand through the group’s cement arm, UltraTech Cement. Sterlite Technologies Sterlite Technologies has approved a Rs 3,000 crore capital expenditure plan to expand capacity at its existing manufacturing facility. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (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
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