Indian equities are testing a crucial 25,650 support level for the Nifty, with analysts suggesting a potential bounce if it holds. However, a break could trigger further declines. PSU banks are highlighted as a strong sector, with Punjab National Bank a top pick. Investors are advised to be selective, favoring public sector enterprises amidst market volatility and geopolitical concerns.
Maharashtra State Electricity Distribution Company plans a major restructuring. The agriculture business will be separated by April. This move precedes a planned Initial Public Offering by December. The company aims to reduce its debt significantly. This will strengthen its financial position for the listing. The company is also shifting towards renewable energy sources.
Godfrey Phillips India shares are surging. Companies are raising cigarette prices to cover higher costs, in light of the new tobacco tax regime. The price hikes aim to reduce expected profit declines. Marlboro Compact prices have increased. ITC is also expected to raise prices. Retailers are selling existing stock at higher rates.
Netweb Technologies share price rose sharply on Thursday, extending their rally to Day 3 after unveiling its Make in India Tyrone Camarero GB200 AI Supercomputer and the compact Tyrone Camarero Spark. Built with NVIDIA Blackwell GPUs and Grace CPUs, these systems target advanced AI workloads, on-premises model training, and high-performance computing in India.
