Although the Nifty slipped below the crucial short-term support of the 20-DEMA around the 25950 level during the session, the closing-hours recovery helped it reclaim this level. Analysts said participants should manage position sizes judiciously and maintain a selective approach – favoring IT and pharma for long trades while keeping an eye on opportunities in rate-sensitive pockets on dips.
In today’s trade, stocks of Indigo, RIL, JSW Steel, Pine Labs, ONGC and others will be in focus due to various news developments.
Indigo
The Directorate General of Civil Aviation (DGCA) on Wednesday announced that it has launched an inquiry into widespread flight disruptions at IndiGo, asking the airline to explain the reasons behind the operational breakdown and submit a mitigation strategy to reduce cancellations and delays.
NHPC
State-owned NHPC said it has synchronized Unit 2 of the 2,000-MW Subansiri Lower Hydroelectric Project with the national grid. The project has eight units of 250 MW each. Unit 2 is the first to synchronize. On completion, the project is expected to contribute 7.421 billion units of renewable energy annually, which will strengthen the country’s energy sector and help India meet its carbon neutrality target.
ONGC
The government has approved Arun Singh’s one-year extension as chairman of Oil and Natural Gas Corporation (ONGC). His three-year tenure was scheduled to end on December 6. Singh, who retires as chairman of Bharat Petroleum Corporation in 2022, was brought in to revive ONGC at a time when the company was grappling with declining production for years.
R.I.L
Reliance Strategic Business Ventures, a wholly-owned subsidiary of Reliance Industries and Surrey County Cricket Club, announced their partnership in The Oval Invincibles franchise at The Hundred. This follows the completion of a
The deal, which gives the organizations 49% and 51% stake in the franchise respectively, transfers ownership from the England and Wales Cricket Board. As part of this new partnership, both the men’s and women’s teams will be known as MI London from 2026.
JSW Steel
The Company has completed the acquisition of 100% equity interest in Saffron Resources Pvt. as per Share Purchase Agreement as amended from time to time. As a result, Saffron has now become a wholly owned subsidiary of the company.
Pine Labs
Payment solutions company Pine Labs is back in the black, having reported Rs. 6 crores as against a consolidated net profit of Rs. 32 crore was a loss. The company’s revenue from operations in Q2FY26 was Rs. 650 crore, which is 18% higher than the 552 crore reported in the same quarter last fiscal.
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