Overview
- Benchmarks ended lower on Friday as the Sensex closed at 82,626.23 (−387.73) and the Nifty at 25,327.05 (−96.55), halting a three-session advance.
- Adani group shares rallied after the regulator dismissed Hindenburg’s manipulation allegations, with Adani Power up as much as 13.5% and Adani Enterprises up about 5%.
- Recent Fed 25 bps easing supported risk appetite as provisional NSE data for Thursday showed FPIs net buyers of Rs 366.69 crore and DIIs net buyers of Rs 3,326.56 crore.
- Traders are watching immediate Nifty resistance near 25,500 and support around 25,300, with Bank Nifty facing hurdles near 56,000–56,160 and support at 55,050–54,500.
- Corporate action stayed in focus as SMBC completed a 20% stake purchase in Yes Bank and nominated two directors, while Vedanta was named preferred bidder for the Punnam manganese block in Andhra Pradesh.