Stocks in news: RIL, Jio, Trent, Suzlon Energy, IndiGo, Vedanta Power and RVNL
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equities extended their recovery on Thursday as the Nifty closed at 22,937.
- ✓Investors now track stocks like RIL, Trent, and Suzlon Energy for Friday, October 30.
- ✓Companies reported mixed September-quarter results, with Trent showing profit growth while Suzlon saw a decline.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Indian equities extended their recovery on Thursday, with the Nifty closing firmly above the 22,900 mark as buying momentum broadened beyond banking stocks. The Nifty 50 advanced 238 points, or 1.05%, to settle at 22,937.
From a technical perspective, the index closed above its 20-day simple moving average (SMA) and crossed the important 22,800 level. This level is expected to act as immediate support, while a sustained move above 22,900 could extend the recovery towards 23,000-23,150, according to Hariselvan Radhakrishnan, founder and CEO of HST Wealth.
Against this backdrop, several stocks, including Reliance Industries, Jio Platforms, Trent, Suzlon Energy, IndiGo, Vedanta Power, Sagility and Rail Vikas Nigam, are likely to remain in focus on Friday, October 30. Investors will track September-quarter earnings, fundraising plans, credit rating updates, regulatory developments and new business wins.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.