Indian equity markets are indicated to open on a subdued note on Monday, the first trading session of the week. At around 7:30 a.m., GIFT Nifty was trading at 24,085, down 11.5 points or 0.05%, indicating a likely flat opening for the domestic benchmarks.
Global geopolitical developments, easing crude oil prices and a ber rupee may provide support to Indian equities. Market experts believe the Nifty has the ability to sustain above the key 24,000 level.
Asian equity markets traded mixed to weaker, while U.S. equity futures advanced. Reports indicating no further escalation in tensions between the United States and Iran eased investor concerns to some extent. Expectations of a ceasefire also supported overall risk sentiment. South Korea's Kospi Index declined about 1.6% in early trade as investors monitored the government's new economic growth strategy.
Kotak Mahindra Bank Managing Director and Chief Executive Officer Ashok Vaswani has expressed his intention not to seek reappointment after the completion of his current term, which ends on December 31, 2026. The bank's board has initiated the process to appoint a new Managing Director and Chief Executive Officer.
Torrent Power has completed the acquisition of a 100% stake in Nabha Power from L&T Power Development for approximately ₹3,632 crore. Following the transaction, Nabha Power has become a wholly owned subsidiary of Torrent Power.
Persistent Systems has entered into an agreement to acquire a 21% stake in Germany-based IT company Nagarro SE.
Aurobindo Pharma said the U.S. Food and Drug Administration (USFDA) completed an inspection of its Andhra Pradesh-based subsidiary, AuroActive Pharma. The inspection concluded with two observations.
Indoco Remedies said its Goa-based solid oral dosage manufacturing facility has successfully completed an inspection by the Malta Medicines Authority.
BEML has secured an additional export order worth approximately US$5.35 million from the Middle East for the supply of heavy earth-moving equipment for infrastructure projects.
Lupin has received tentative approval from the USFDA under the Abbreviated New Drug Application (ANDA) pathway for multiple strengths of Enzalutamide tablets used in the treatment of prostate cancer.
Dr. Reddy's Laboratories said the USFDA successfully completed a pre-license inspection of its biologics manufacturing facility in Hyderabad.
Jubilant Pharmova's subsidiary has received tentative approval from the USFDA for Pantoprazole Sodium Delayed-Release Oral Suspension.
JSW Infrastructure has successfully completed its Qualified Institutional Placement (QIP), raising ₹7,502.69 crore. The company said the proceeds will be used for expansion plans and long-term investments.
Oil and Natural Gas Corporation (ONGC) has appointed Anupam Agrawal as its new Chief Financial Officer (CFO) with immediate effect.
S&P Global Ratings has upgraded Adani Ports' long-term credit rating from BBB- to BBB, bringing the company's rating in line with India's sovereign rating.
Hexaware Technologies has been appointed an authorised reseller for Anthropic on Amazon Bedrock, enabling the company to offer Claude-based AI solutions globally.
A subsidiary of Adani Green Energy has commenced operations of a 150 MW solar power plant at Khavda in Gujarat.
Market experts believe that if crude oil prices remain under control, global geopolitical tensions stay limited and foreign investor buying continues, the positive trend in the Indian equity market may be sustained.
