Exide Industries Ltd. has invested an additional Rs.100 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd., through a rights issue. Following the latest investment, Exide Industries’ total investment in the subsidiary has reached around Rs.5,202.23 crore.
Power Mech Projects Ltd. has secured an operation and maintenance contract worth Rs.549.37 crore from Moxie Power Generation Ltd., an Adani Group company. The contract relates to the 2×600 MW Tuticorin power plant.
Acme India Industries Ltd. has opened its SME IPO for subscription on September 30. The issue has a price band of Rs.186–196 per share and is scheduled to remain open during the current primary-market window.
Paramount Syntex Ltd. has launched its SME IPO on September 30. The company has fixed the price band at Rs.119–127 per share, while the issue size is approximately Rs.81.79 crore.
Indian equity markets are set for a cautious opening on Wednesday, September 30, with GIFT Nifty indicating a largely flat start. The Nifty 50 closed at 22,716.20 on Tuesday after touching a six-month low, while the Sensex also remained under pressure.
Omara Ventures India Ltd. has opened its SME IPO on September 30 with a price band of Rs.296–311 per share. The company is seeking to raise around Rs.41.99 crore through the offering.
The ongoing US-Iran conflict remains an important factor for global financial markets, particularly because of its impact on energy supplies and shipping through the Strait of Hormuz.
The Indian rupee closed at Rs.95.98 against the US dollar on Tuesday as foreign equity outflows and elevated crude prices continued to weigh on the currency. Higher oil prices can increase India’s import bill and create additional pressure on the external balance.
Volatility till December 31, 2026: Wild volatility could continue, with a possible sell-on-rise mood. Periods of uncertainty, fear and headline-driven moves may continue to test investor patience. The focus should remain on discipline, patience and perseverance rather than short-term market timing. Focus only on a select group of companies that are likely to report better Q2 results.
Date 30.09.2026
Technical Summary Nifty
As discussed yesterday market behavior remained on the expected lines during the day, as continuation of selling pressure take down the nifty up to 22569.65
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
