Markets plunged sharply on Wednesday and lost over half a percent amid weak global cues and rising geopolitical tensions. From a technical perspective, the sharp decline has pushed the Nifty closer around the 23,800 level, and analysts say a decisive break below this could extend the correction towards the 23,600 mark. On the upside, the previous support level of 24,000 is likely to act as an immediate resistance, followed by the 24,150 hurdle in case of a recovery.
In today's trade, shares of Swiggy, Adani Ports, IDFC First Bank, Hexaware Technologies, Sun Pharma among others will be in focus due to various news developments.
With two new SUVs, including an EV, lined up for launch and additional production capacity available, Hyundai Motor India Ltd is looking to scale up volumes to regain the lost number two position in the domestic passenger vehicles market, its Managing Director and CEO Tarun Garg said on Wednesday.
Adani Ports and Special Economic Zone Ltd handled a record 50 million tonnes of cargo in August, its highest monthly throughput to date, as stronger domestic economic activity, rising container trade and a diversified cargo mix lifted volumes.
The CBI on Wednesday filed a chargesheet against 19 accused, including six IAS officers of Haryana cadre, three officials of IDFC First Bank and one of AU Small Finance Bank, in the alleged misappropriation of Rs 504-crore funds of various departments and organisations of the state government, officials said.
Read more: Midcap Street party turns selective as 15 stocks power 50% of rally
ONGC
A team from the international investment arm of India’s Oil & Natural Gas Corp. has arrived in Venezuela to review assets in the country, according to people familiar with the matter, weeks after the company received a green light from the US.
Sun Pharmaceutical Industries has agreed to offer its prescription and future innovative drugs in the US at prices in line with the lowest paid by other developed nations, under a Trump administration initiative to make healthcare affordable for low-income Americans.
MSCI will delete Swiggy from its Global Standard Indexes after the food delivery and quick commerce company came under foreign ownership limit restrictions, adding a fresh technical overhang for the stock. The index provider said Swiggy will be removed from the MSCI Global Standard Indexes under the foreign ownership limit event category
Hexaware Technologies informed the exchanges that Srikrishna Ramakarthikeyan resigned as CEO and Wholetime Director with effect from October 28, 2026. The Board has appointed Vivek Jetley as the CEO of the company with effect from Oct 28, 2026.
