Indian equity markets ended higher on Friday, August 28, snapping a two-session losing streak as a sharp rally in heavyweight IT stocks lifted the benchmark indices. The NSE Nifty50 closed at 24,175.65, gaining 84.80 points, or 0.35%, while the BSE Sensex settled at 77,264.51, up 330.92 points, or 0.43%.

Analysts said a move above Friday’s high and the 50-day exponential moving average (EMA), placed around 24,190, could pave the way for a pullback towards 24,300-24,350 in the coming sessions. On the downside, a breach of the weekly low of 24,076 could see the index test the key support zone of 24,000-23,800. The index is expected to remain in consolidation, with the broader range seen at 23,800-24,600 amid stock-specific action.

Against this backdrop, shares of HDFC Bank, Mahindra & Mahindra, Ola Electric Mobility, NBCC (India), Knowledge Realty Trust and several other companies are likely to remain in focus following key corporate developments.

HDFC Bank managing director and chief executive officer Sashidhar Jagdishan on Saturday informed the board that he does not wish to seek reappointment when his term ends in October. The development ends speculation over a possible extension after Jagdishan's three-decade association with India's largest private-sector lender.

Mahindra & Mahindra has expanded its Battery-as-a-Service (BaaS) programme across its entire Electric Origin SUV portfolio, including the BE 6 SPORTEQ, XEV 9S and XEV 9e.

Under the programme, customers can purchase the BE 6 SPORTEQ starting at Rs 11.45 lakh and pay an effective battery usage cost of Rs 3.75 per km.

Ola Electric Mobility has received a sanction order from the Ministry of Heavy Industries for an incentive of Rs 95.81 crore under the Production Linked Incentive (PLI) scheme for automobiles and auto components, according to an exchange filing on Friday.

Entities linked to Blackstone have launched an offer for sale (OFS) of units in Knowledge Realty Trust, India's largest real estate investment trust (REIT). The transaction could reach Rs 11,988 crore if the greenshoe option is fully exercised.

Cupid's board has granted in-principle approval to establish a manufacturing venture in South Africa with a local partner.

Cupid is expected to hold up to a 49% stake in the venture, while the South African partner and/or qualifying local shareholders will hold at least 51%.

The US Food and Drug Administration (US FDA) has completed an inspection of Unit-VI, an API manufacturing facility of Aurobindo Pharma's wholly owned subsidiary Apitoria Pharma, in Andhra Pradesh. The inspection concluded with three observations, which the company said were procedural in nature.

Clean Max Enviro Energy Solutions

Clean Max Enviro Energy Solutions has signed a term sheet with Envision Energy for the procurement of wind turbines with a total capacity of 1,550 MW.

Royal Orchid Hotels has initiated the process of obtaining a discotheque licence for its property on Golf Avenue, adjoining the KGA Golf Course on HAL Airport Road in Bengaluru.

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LIC Housing Finance has appointed Sandeep Kumar as its managing director and chief executive officer, effective August 29, 2026, the company said in an exchange filing on Friday.

Piramal Finance has closed its qualified institutional placement (QIP) and approved the allotment of 99,52,606 equity shares to eligible qualified institutional buyers (QIBs) at an issue price of Rs 2,110 per share, including a premium of Rs 2,108 per share.

AXISCADES Technologies has approved the acquisition of a 90% stake in Bengaluru-based Cloud Wave Technologies for about Rs 234 crore. The acquisition marks a step in the company's push from engineering services into aerospace manufacturing.

NBCC (India) has signed a memorandum of understanding (MoU) with NHPC for the execution of NHPC's infrastructure projects across India. The projects include residential blocks, residential and commercial infrastructure, office complexes and allied facilities. NBCC will undertake the projects at a project management consultancy (PMC) fee of 5.5%, while the detailed project value will be determined at a later stage.

Lenskart witnessed a block deal in which Alpha Wave Ventures sold 2.95 crore shares, representing 1.7% of the company's equity, for Rs 1,857 crore. National Pension System acquired 78.57 lakh shares, or 0.45% equity, for Rs 495 crore. ICICI Prudential Mutual Fund bought 60.3 lakh shares, or 0.35% equity, for Rs 380 crore, while WhiteOak Capital Mutual Fund acquired 15.87 lakh shares, or 0.1% equity, for Rs 100 crore. The deal was executed at an average price of Rs 630 per share.

KP Green Engineering has secured fresh orders worth Rs 258 crore, including projects related to solar initiatives, crash barriers, pre-engineered buildings, transmission towers and isolators.

The company's cumulative confirmed order intake for the current financial year now stands at Rs 497.64 crore.