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The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Vedanta’s petitions challenging Adani Enterprises’ bid for debt-ridden Jaiprakash Associates Ltd. The tribunal concluded hearings after arguments from Vedanta, the Resolution Professional, Committee of Creditors, and Adani Enterprises.
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U.S. stocks rallied Wednesday, snapping a two-day decline, as President Trump extended a ceasefire with Iran. Despite ongoing uncertainty and Iran’s seizure of ships, positive earnings reports and strong tech sector performance boosted investor sentiment. The market remains hopeful for a beneficial outcome to the geopolitical situation.
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FICO shares dropped 13% after Freddie Mac and Fannie Mae announced they will accept mortgages scored by rival VantageScore 4.0. This move aims to reduce homebuyer costs and increase competition in the credit scoring market. The housing giants will begin with a limited rollout to approved lenders.
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Nifty 50 ended lower, breaking its winning streak amid IT and FMCG weakness. Technical indicators show mixed signals with bearish bias short term. Analysts highlight support levels and recommend selective buying in Adani Green Energy and HBL Engineering.
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Nifty 50 and BSE Sensex declined, snapping a three-day rally due to IT and FMCG losses. Rising India VIX signaled caution, though broader trends remain positive with key support and resistance levels in focus.
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