Reliance, Bank of Baroda, and Power Grid in Focus as Markets Open Flat
· Business · Economic Times, LiveMint
Indian equity markets closed largely unchanged in a volatile session on Friday, August 21, with the NSE Nifty50 settling up 20 points at 24,252. Shares of Reliance Industries, Bank of Baroda, Power Grid Corporation, NATCO Pharma, and JSW Infrastructure are expected to attract investor attention following key corporate developments. Reliance Industries shareholders approved resolutions regarding related-party transactions and an expansion into manufacturing explosives and fertilisers. Bank of Baroda successfully issued $400 million in senior unsecured Reg-S fixed-rate notes. Analysts note that Nifty faces immediate resistance at 24,350 with downside support placed at 24,200.
Why it matters
Corporate announcements from major blue-chip firms like Reliance Industries and Bank of Baroda set the trading tone for Indian equity markets at the start of the week.
Read the original report — Economic Times
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