Friday night closing: Crude closed at 104.45, while Dow closed up 479 points, Nasdaq gained 129 points and S&P 500 rose 39 points. Gift Nifty was up 49 points at 23,237, signalling a mild gap-up opening in Indian markets on Monday, subject to weekend developments. Brent crude above $80 remains a significant negative for the Indian economy.
Date 28.09.2026
Technical Summary Nifty
As we discussed in the previous report dated 21st September 26 market behavior remained on the expected lines during the week passed by as nifty start with buying pressure and gave bounce up to our target of 23477 i.e. nifty made a weekly high of 23489 but failed to sustain over their and slip to weekly low of 23020.95.
Blackrose is progressing its PAM solid project towards commercialisation and developing downstream acrylamide products, while the specialty amines project with Koei Chemical is under evaluation. The 200% interim dividend for FY27 is positive. Stock looks attractive at CMP versus all-time high of Rs.239.
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Very big negative for equity and mutual fund investors: Goldman Sachs expects another Fed rate hike in October, while the Fed dot plot signals higher-for-longer rates, with 12 of 18 officials expecting another 25-bp hike by year-end. Continued rate pressure could weigh on equities and SIP sentiment over the next 2-3 months.
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Dr Lal PathLabs Ltd. has approved the acquisition of a 70% stake in SN Genelab Private Ltd. for a cash consideration of up to Rs.168 crore. The transaction also includes a performance-linked earn-out of up to Rs.31.5 crore, subject to the agreed conditions.
LCC Projects Ltd. has emerged as the lowest bidder for the Chhoti Kalisindh Medium Irrigation Project in Rajasthan. The project involves a sprinkler-based irrigation system powered by solar energy and has an estimated value of Rs.653.34 crore.
L&T Technology Services Ltd. (LTTS) has entered into a strategic partnership with Cognite to develop and deliver industrial artificial-intelligence and data solutions for asset-intensive industries.
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