Monday, September 28
Indian market is likely to trade higher on Friday tracking positive global cues.The Nifty future closed positively with gains of 1.20% at 25554 levels on Thursday. India VIX fell nearly 3% to close at 12.59 in the previous session.On the options front, the maximum Call OI is placed at 25500 and then towards 26000 strikes while the maximum Put OI is placed at 25500 and then towards 25200 strikes.Call writing is seen at 25500 and then towards 26000 strikes while Put writing is seen at 25500 and then towards 25200 strikes.“Options data suggests a broader trading range in between 24000 to 26000 zones while an immediate range between 25300 to 25700 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.“Nifty formed a bullish candle on the daily fr
The US Securities and Exchange Commission (SEC) has filed a status update with a federal court in New York, detailing its ongoing efforts to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year.In a June 27 letter submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention.The defendants, who are based in India, are yet to be officially served.US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contrac
Shares of Safe Enterprises Retail Fixtures on Friday debuted with a premium of 9.4% over the IPO price. The stock listed at Rs 151 on the NSE SME platform.Based on the latest GMP, the estimated listing price is Rs 144, suggesting a listing gain of 4.35%. The allotment was finalized on June 25.Founded in 1976, the Mumbai-based firm designs, manufactures, and installs custom retail fixtures and shop fittings for top Indian retail brands like Zudio, Westside, and Reliance Retail.Its offerings include gondola shelving, checkout counters, visual merchandising displays, and storage solutions.Financially, the company has reported impressive numbers. For the fiscal year ending March 2025, it clocked revenue of Rs 139.73 crore and profit after tax of Rs 39.19 crore.IPO proceeds will fund the setup
Hitachi Energy India shares surged 2.3% to their intraday high of Rs 19,849.10 on the BSE on Friday after the company announced it has secured a major order from Power Grid Corporation of India to supply 30 units of 765 kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers. The order comes as India steps up investments in power transmission to support its growing energy needs.The equipment will be manufactured at Hitachi Energy’s transformer facility in Maneja, Vadodara, aligning with the government’s “Make in India” initiative.Also Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to rally up to 60%According to the company, India’s demand for power transformers has been growing at an average annual rate of 15% over the past two years, driven by surgi
