The Nifty index continued its downward movement, dropping nearly 20 points to approach the 25,300 mark. This decline follows a loss of over 500 points from its October 30 high of 26,032.
BVR Subrahmanyam, CEO of NITI Aayog, and Meity Secretary spoke at the CNBC-TV18 GLS 2025 event.
After an initial slump, the markets recovered slightly, with all major indices moving back into positive territory.
ICICI Bank played a leading role in supporting the Nifty’s recovery, while Bharti Airtel emerged as the top drag on the index.
BSE Ltd shares surged notably on Friday, reflecting strong trading sentiment.
One company’s revenue exceeded CNBC-TV18 poll expectations of ₹2,608 crore, achieving a 16% year-over-year increase to ₹2,715 crore from ₹2,338 crore. Net profit also beat street forecasts of ₹612 crore, rising 35% year-over-year to ₹689 crore from ₹510 crore.
Author’s summary: Indian markets experienced mixed performance today, with ICICI Bank supporting recovery and Venky’s reporting quarterly losses amid renewed investor optimism.