Meghna Sen

Bernstein sees two contrasting stories emerging across the exchanges — an 'inflection' story at MCX and a 'normalisation' story at BSE. It said equity derivatives have been at the centre of the retail participation wave, but growth in the segment is now showing signs of moderation.

Bernstein sees two contrasting stories emerging across the exchanges — an 'inflection' story at MCX and a 'normalisation' story at BSE. It said equity derivatives have been at the centre of the retail participation wave, but growth in the segment is now showing signs of moderation.

Jefferies said India's textile sector is entering a structural growth cycle, supported by the China+1 sourcing opportunity and improving tariff competitiveness following free trade agreements with the UK and the European Union.

Citi said HAL has seen multiple developments that could have near- and medium-term implications for the company.

Nifty opened 113 points lower and staged a modest recovery in the first half of the session. However, selling intensified in the afternoon, with the Nifty giving up more than 140 points from the day's high of 23,571 to finish near session lows.

Jefferies expects the ongoing subscriber stabilization for Vodafone Idea to support its revenue to grow at a Compounded Annual Growth Rate (CAGR) of 11% over financial year 2026-2029. This, coupled with strong operating leverage will also aid a 25% cash EBITDA CAGR during the same period and a sharp improvement in its Return on Invested Capital (RoIC) through financial year 2031.

The banking benchmark Bank Nifty traded with a negative bias through most of Thursday's session. However, the index recovered sharply during the CAS, gaining more than 200 points from its intraday levels.

Moody's and S&P Global Ratings assigned investment-grade ratings to Sun Pharma after factoring in its $11.75 billion acquisition of Organon. Bernstein said the ratings validate its view that combined cash flows can service acquisition debt while supporting investments in R&D, manufacturing and shareholder returns.

Recently-listed ESDS Software Solutions has delivered a blockbuster run since its market debut. Shares had surged 112% on the listing day on September 4, followed by 20% upper circuits on Monday and Tuesday, and 10% upper circuits on each of the next three sessions.

Analysts said the 23,250-23,230 zone could act as a key support area, with Friday's low falling within this range. A sustained break below 23,230 could intensify selling pressure towards 23,080. On the upside, 23,600-23,620 is likely to act as the immediate hurdle, while a sustained move above 23,620 could open the way towards 23,800.