Indian equity benchmarks ended higher on Friday, but gains remained capped as volatility in crude oil prices and elevated bond yields weighed on investor sentiment. The Nifty 50 rose 77.40 points, or 0.34%, to 23,140.50, while the Sensex gained 315.20 points, or 0.43%, to close at 73,895.74.
On the technical front, 23,000 remains an immediate support level for the Nifty 50, followed by 22,700, while the 23,200-23,300 zone is likely to act as near-term resistance, according to Rupak De, senior technical analyst at LKP Securities.
Against this backdrop, shares of Adani Power, Cupid, CleanMax Enviro, SAIL, Bharat Coking Coal, Power Grid, and several other companies are likely to remain in focus on Monday following a series of corporate developments.
Adani Power has completed the merger of 10 wholly owned subsidiaries with the company as part of a group restructuring exercise. The merger took effect on September 25, 2026.
State-owned Steel Authority of India Ltd (SAIL) and Bharat Coking Coal (BCCL) have signed a memorandum of understanding to jointly develop and operate two coal blocks in West Bengal.
The board of Cupid on Saturday approved the conversion of up to 30 lakh warrants, in one or more tranches, into an equivalent number of equity shares of Baazar Style Retail Ltd.
Sunteck Realty said on Friday that it has received a show-cause notice from the Department of Goods and Services Tax for FY23.
The notice involves a total demand of Rs 59.44 crore, including interest and penalty.
