Vodafone Idea Ltd (Vi) has amended a long-standing agreement with its promoter, the Vodafone Group, to secure the recovery of approximately ₹5,836 crore, giving the debt-burdened telecom operator a crucial financial lifeline.
Shares of Apollo Micro Systems, a small-cap defence and explosives manufacturer, rallied nearly 5 % to about ₹272.50 on Wednesday after the company announced fresh orders totalling roughly ₹420.9 crore.
India’s equity markets — National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) — will observe a total of 15 official trading holidays in 2026, creating seven long weekends for investors and traders to plan around. Markets will remain open on New Year’s Day (January 1, 2026).
Broader Market Sentiment
Indian markets ended lower for the third straight session, with both the Sensex and Nifty closing weaker as selling pressure in heavyweight stocks, geopolitical tensions and weak global cues weighed on investor confidence.
SEPC won Rs.230 cr. turnkey order from MOIL for the 3rd vertical shaft at Chikla Mine, covering engineering, civil works, equipment installation and commissioning.
NIFTY OUTLOOK: 26140.75 FII -1527.71 cr DII 2889.32 cr
As discussed yesterday, market behaviour remained on the expected lines during the day, as selling pressure took Nifty down to our support of 26055, i.e., Nifty made a day low of 26067.9.
FIIs sold Nifty worth Rs. 1060.21 cr and Bank Nifty Rs. 401.54 cr.
1. FIIs net long is at 10.10%, reduced from 12.88%, i.e., down 2.78% in a single day.
2. VIX is at 9.95 (-0.70%).
3. PCR is at 0.74.
4. FIIs sold Rs. 1527 cr in cash, Rs. 1450 cr in index futures, and Rs. 1073.10 cr in stock futures.
NIFTY OUTLOOK: 26178.70 FII -107.63 cr DII 1749.35 cr.
As discussed yesterday, market behaviour remained on expected lines during the day, as profit booking drifted Nifty down to our support of 26125, i.e., Nifty made a day low of 26124.75.
Gulshan Polyols received Rs.16.42 cr. incentives from MPIDC. With reserves of Rs.634 cr. vs equity of Rs.6 cr., promoter holds 66.71% and a sharp Q2FY26 PAT rise of Rs.15.75 cr., margins may improve on stable raw materials. Domestic focus limits tariff risk. Attractive at CMP vs ATH Rs.354.
Range: 26094–26313
FIIs sold Nifty worth 621 cr and bought Bank Nifty worth 608 cr.
1. FIIs net long position is at 12.72%.
2. PCR is at 0.73.
3. VIX is at 10.01%.
4. FIIs sold 107.60 cr in the cash segment and bought 55.80 cr in index futures. FIIs sold 1056.80 cr in stock futures.
DIIs bought 1749.40 cr in the cash segment.
5. Open Interest Position:
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