Indian equity market is seeing caution as Nifty has slipped below 25,000. Market participants are watching support levels. Nifty may head towards 24,800. Bank Nifty is hovering around 55,000. Tata Motors is under selling pressure. MCX is showing strength. Market watchers advise monitoring key levels for further downside pressure. A long-short approach is suggested for investors.
"There can be no doubt that everything points to this being the work of a professional actor when we are talking about such a systematic operation in so many locations at virtually the same time. This is what I would define as a hybrid attack using different types of drones," Troels Lund Poulsen told a press conference.
Fineotex Chemical shares surged 16.6% after the company announced a board meeting on September 27 to consider dividend declaration, stock split, and bonus shares. The agenda also includes raising authorised capital. Investor focus sharpened as ace investor Ashish Kacholia holds a 2.74% stake, amplifying market interest in corporate developments.
Market expert Mayuresh Joshi notes that the Indian equity market is navigating global uncertainties, including tariff concerns and policy shifts. While government reforms and GST rationalization offer potential positives, export challenges and valuation concerns persist for foreign investors. Joshi suggests a selective, sector-specific approach, highlighting opportunities in financial services, NBFCs, FMCG, and other sectors.
Ganesh Infraworld, an EPC firm based in Kolkata, intends to raise funds. The company plans to secure Rs 200-250 crore through a qualified institutional placement soon. Ganesh Infraworld got listed on NSE SME Emerge platform last year. Since its debut, the company's stock has increased significantly. However, the company's shares experienced a slight dip recently.
State Bank of India could attract up to $466 million in passive inflows if the foreign investment limit for public-sector banks is raised from 20% to 26%, Nuvama Institutional Equities said. The move would allow higher MSCI index weightings. The government is reportedly considering the change as part of reforms to boost capital while retaining at least 51% public ownership in PSBs.
Hindustan Copper shares surged sharply after global copper prices spiked due to a production halt at Grasberg, the worlds second-largest copper mine in Indonesia. The mine suspension, caused by a fatal mudflow, tightened global supply and pushed copper futures to 15-month highs.
