Indian markets experienced a volatile session, closing marginally lower due to a weakening rupee and caution ahead of
the MPC meeting. IndiGo faced an investigation by DGCA for flight disruptions, while NHPC synchronized a unit of its
Subansiri project. ONGC's chairman received a one-year extension, and RIL partnered with Surrey County Cricket Club for
the Oval Invincibles franchise.
Markets witnessed a volatile session and ended marginally lower, extending the ongoing consolidation phase. Sentiment
was dampened by a weakening rupee, which hit a record low of 90.13 against the dollar, heightening concerns around
import costs and triggering FII outflows. In addition, caution ahead of the MPC meeting and mixed global cues added to
Although the Nifty slipped below the crucial short-term support of the 20-DEMA around 25950 level during the session,
the closing-hour recovery helped it reclaim this level. Analysts said participants should manage position sizes
prudently and maintain a selective approach—favoring IT and pharma for long trades while considering opportunities in
rate-sensitive pockets on dips.
In today's trade, shares of IndiGo, RIL, JSW Steel, Pine Labs, ONGC among others will be in focus due to various news
The Directorate General of Civil Aviation (DGCA) on Wednesday announced that it has launched an investigation into
widespread flight disruptions at IndiGo, asking the airline to explain the reasons behind the operational breakdown and
submit a mitigation strategy to reduce cancellations and delays going forward.
State-owned NHPC said it has synchronised Unit 2 of the 2,000-MW Subansiri Lower Hydroelectric Project with the national
grid. The project has eight units of 250 MW each. Unit 2 is the first to be synchronised. Upon completion, the project
is expected to contribute 7.421 billion units of renewable energy annually, strengthening the country’s energy sector
and helping India meet its carbon neutrality target.
The government has approved a one-year extension for Arun Singh as chairman of Oil and Natural Gas Corporation (ONGC).
His three-year term was scheduled to end on December 6. Singh, who retired as chairman of Bharat Petroleum Corporation
in 2022, was brought in to reinvigorate ONGC at a time when the company was grappling with years of declining output.
Reliance Strategic Business Ventures, a wholly owned subsidiary of Reliance Industries, and Surrey County Cricket Club,
announced their partnership in the Oval Invincibles franchise in The Hundred. This follows the completion of a
deal, which gives the organisations 49% and 51% stakes in the franchise, respectively, transferring ownership from
England and Wales Cricket Board. As part of this new partnership, from 2026 both the men’s and the women’s teams will be
The company has completed the acquisition of 100% equity interest in Saffron Resources Private in accordance with the
share purchase agreement as amended from time to time. Consequently, Saffron has now become a wholly-owned subsidiary of
Payment solutions company Pine Labs swung back into black, reporting a consolidated net profit of Rs 6 crore in the
September-ended quarter versus a loss of Rs 32 crore in the year ago period. The company's revenue from operations in
Q2FY26 stood at Rs 650 crore, up 18% over 552 crore reported in the corresponding quarter of the last financial year.
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