Markets witnessed a strong rebound on Friday, snapping their recent losing streak amid supportive global cues and easing geopolitical concerns. Technically, analysts say Nifty has staged a decisive rebound after defending the crucial 23,000 support zone and reclaiming the key resistance area around 23,500, which coincides with the 20-day EMA. Sustaining above this zone could pave the way for a move towards the 23,800–24,200 band in the near term. On the downside, the 23,100–23,300 region is now expected to act as immediate support in the event of any profit-taking.
In today's trade, shares of Dr Reddy’s, Adani Green, KIMS, JSW Energy, Nestlé India among others will be in focus due to various news developments.
LIC
LIC CEO and MD R Doraiswamy has said that despite rising competition in the life insurance sector, the Corporation will stay focused on strengthening its leadership position while contributing to the national development as it heads toward its platinum jubilee.
KIMS
The Board has approved issuance by way of a preferential allotment on a private placement basis 77,02,182 warrants at a price of Rs 779, which may be exercised in one or more tranches during the period commencing from the date of allotment of the Warrants until expiry of 18 (Eighteen) months.
Dr Reddy’s
Dr Reddy’s announces the launch of Bosutinib tablets 400 mg, a Generic equivalent Of Bosulif in the US.
Bosutinib is used to treat adults with ph+ Chronic Myeloid Leukemia (CML). Bosulif had US sales of about $253.8 million for the latest 12-month period ended April 2026.
JSW Energy
The company has signed a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal and Power, which owns and operates a 300 MW thermal power project in the State of Chhattisgarh. The transaction is subject to receipt of the necessary regulatory approvals and other customary conditions under the definitive agreement.
Adani Green
Adani Green Energy (AGEL) plans to commission a 14 gigawatt-hour battery energy storage system (BESS) at Khavda, Gujarat, by end of this fiscal year, seeking to reduce wastage of clean energy in a country that's still in the process of building the necessary storage infra.
NLC India
State-owned NLC India Ltd on Friday said it has secured a critical mineral block in Telangana. In a stock exchange filing, the company said NLC India has been "declared as preferred bidder for critical and strategic mineral block auctions conducted by the Ministry of Mines".
Nestlé India
Nestlé India on Friday rejected allegations circulating on social media regarding the alleged presence of infestation in MAGGI noodles, saying the claims were based on an unverified account and that tests had confirmed the product met quality standards, according to ANI report.
