Markets Eye Fresh Triggers After Two-Day Fall
- Investors eye Mukesh Ambani’s updates on energy, telecom, digital businesses, and possible Jio IPO announcement.
- NTPC restructuring, CG Power’s semiconductor facility, and Muthoot’s Rs 500 crore investment in focus.
- Infosys partners with Mastercard to streamline cross-border payments across 200 countries.
Indian markets are expected to witness an action-packed session on Friday, August 29, 2025, with several corporate events lined up. Reliance Industries’ Annual General Meeting (AGM), NTPC’s business restructuring, and Infosys’ partnership with Mastercard are among the major developments investors will track.
On Thursday, August 28, Indian equity markets extended their losing streak for the second straight day. The Sensex dropped 705.97 points, or 0.87 percent, to close at 80,080.57. The Nifty fell 211.15 points, or 0.85 percent, to settle at 24,500.90. Market participants are now keenly awaiting fresh triggers for direction.
Stocks to Watch Today
Reliance Industries: Reliance Industries Ltd (RIL) will be in the spotlight as the company hosts its 48th AGM today at 2 PM via video conferencing. Chairman Mukesh Ambani is expected to address more than 44 lakh shareholders. Key updates are awaited on Reliance’s energy, telecom, and digital businesses, along with any announcements on the much-anticipated Jio IPO.
NTPC: NTPC has announced a partial change in the transfer of its coal mining business to subsidiary NTPC Mining Limited. In FY25, the coal division generated Rs 7,735 crore in revenue, nearly 4 percent of NTPC’s total income, with a net worth of Rs 3,150 crore. Investors will watch how this restructuring shapes the company’s earnings.
CG Power: CG Power and Industrial Solutions has launched its first semiconductor assembly and testing facility in Sanand, Gujarat, through subsidiary CG Semi Pvt Ltd. With this, the company becomes one of India’s first full-service OSAT providers, a sector gaining attention as India pushes for semiconductor self-reliance.
Muthoot Finance: Muthoot Finance has invested Rs 500 crore in its arm Muthoot Money Limited, through allotment of 3.25 lakh equity shares. This step highlights its plan to expand deeper into financial services.
Lemon Tree Hotels: Lemon Tree Hotels has signed an agreement to open a new 98-room property in Mohkampur, Dehradun. The hotel will include a restaurant, lounge, conference hall, swimming pool, and fitness center, boosting the group’s presence in Uttarakhand.
Federal Bank: Federal Bank has appointed Srinivasan P as Executive Vice President & Head – Business Initiatives (Wholesale Banking). He will also serve as a senior management personnel.
Infosys & Mastercard: Infosys has tied up with Mastercard to integrate Mastercard Move with Infosys Finacle. The partnership aims to simplify cross-border payments across 200 countries and 150 currencies.
ICICI Bank: ICICI Bank’s board has approved the early retirement of Subir Saha, Group Chief Compliance Officer, effective August 28. Anish Madhavan has been appointed as the new GCCO from August 29.
SME Listing: ARC Insulation & Insulators will list on the SME exchange today, adding a fresh option for investors in the small and medium enterprise segment.
