Indian markets open this Monday amid several key developments.
Indian markets closed Friday on a subdued note amid profit-taking in select sectors, even as broader indices held steady. US markets ended higher, driven by upbeat earnings and positive jobs data, while Indian ADRs showed mixed trends, with financials underperforming tech names. Early GIFT Nifty indications point to a mildly positive open for Indian indices on Monday, reflecting firm global cues and domestic stock-specific optimism.
Suzlon is in focus after securing a landmark 381MW wind energy order from Zelestra, further buoyed by its inclusion in the F&O segment and new domestic sourcing rules. Zen Technologies remains under pressure after a sharp decline in Q1 order backlog, with analysts trimming earnings estimates despite long-term optimism.
PNB Housing Finance plunges after CEO Girish Kousgi’s resignation, raising concerns over leadership even as the company assures stability with new senior appointments. Meanwhile, Anil Ambani must face the ED tomorrow in a high-profile loan fraud probe after a lookout circular was issued. Markets are expected to open on a positive note, with blue chips and macro fulcrums in focus.




