Stock Market Today: Dalal Street appeared set for a subdued start on Thursday as the GIFT Nifty on the NSE IX fell by 1.5 points, or 0.01 percent, to 21,241. On Wednesday, the Nifty finished with a 20-point gain, forming a Doji-style candle on the daily charts. Short-term prospects for more upside for the Nifty are indicated by the upside recovery on Wednesday from the immediate supports. Nifty has a better chance of rising into all-time highs of 21040+ levels in the near future. According to HDFC Securities’ Nagaraj Shetti, 20770 is the place for immediate support.
Stock Market Today: Stocks in focus
State Bank of India
In order to support solar projects in India, the banking giant announced that it will sign a 70 million euro Line of Credit (LoC) agreement with the German Development Bank KfW. This financial arrangement is primarily intended to improve solar photovoltaics projects across the nation.
UltraTech Cement
The manufacturer of ready-mix concrete and cement intends to raise the proportion of renewable energy in its overall energy mix to 85% by 2030. The AV Birla Group company intends to reach 60% of its total energy share by FY26, up from its current 22% share.
Biocon
The biotechnology major stated that Bicara Therapeutics Inc. is no longer an associate company of Biocon after the $165 million Series C financing round was completed. The Series C capital infusion and Bicara’s subsequent share issuance caused this shift, which resulted in Biocon’s ownership of less than 20% of Bicara on a fully diluted basis.
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