Indian equity benchmarks extended their decline for a second straight session on Wednesday, as profit booking at higher levels and a rebound in oil prices weighed on sentiment. The Nifty 50 fell 95.75 points, or 0.42%, to close at 22,620.45.

Failure to sustain gains around 22,800 points to continued selling pressure at higher levels, said Ponmudi R, CEO of Enrich Money. The 22,600–22,550 zone remains the immediate support area, he said, while a sustained break below 22,500 could open the way towards 22,300.

Against this backdrop, shares of Infosys, Jio Financial Services, IRFC, NCC, Blue Dart and several other companies are likely to remain in focus on Thursday following a series of corporate developments.

Jio Financial Services and Allianz Europe B.V. have each invested ₹320.05 crore in Jio Allianz General Insurance, their 50:50 joint venture.

Both partners subscribed to 32,00,50,000 equity shares of ₹10 each for cash at par through a rights issue. The proceeds will be used to fund the joint venture’s business operations.

Infosys has extended its strategic partnership with ABN AMRO to accelerate the Dutch bank’s AI-driven transformation.

The expanded partnership covers application development, testing and support services.

Sudhir Kumar Jha, Group Head – Legal & Group General Counsel, has superannuated from HDFC Bank with effect from the close of business hours on September 30, 2026, and has consequently ceased to be a Senior Management Personnel.

Jha was associated with the HDFC Group for 22 years, including with Housing Development Finance Corporation and HDFC Bank. The bank said he played a key role in strengthening its legal and compliance framework and managing legal risks.

Acrotech Biopharma has launched ADQUEY™ (difamilast 1%) ointment in the US for the treatment of mild-to-moderate atopic dermatitis in adults and paediatric patients aged two years and older.

Difamilast was originally discovered by Otsuka Pharmaceutical and licensed to Acrotech Biopharma for US commercialisation.

IRFC

Indian Railway Finance Corporation has received a ₹396.91 crore show-cause notice from the Bihar tax authorities in relation to GST matters for FY23.