Paramount has gone hostile bid for Warner Bros. Discovery, challenging Netflix which reached a $72 billion takeover deal with the company just days ago.
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate between 25,850 and 26,300. Investors are advised to be selective, buying dips and booking profits, with HDFC Life and BPCL identified as strong performers.
Reliance Powers shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention to the companys ongoing legal challenges.
