Stock Market LIVE: Nifty, Sensex Reverse Gains At Open As Airtel, HDFC Bank Shares Weigh

• Made strong start to FY26, Biosimilars to build on momentum

• Balance sheet is stronger post QIP

• All three businesses seeing accelerated growth

• Multiple launches in generics segment planned in financial year 2026

• JSW Steel Ltd.'s July crude steel production rose 19% to Rs 26.24 lakh tonnes

• Its July India capacity utilisation is at at 92.5%

AU Small Finance Bank Ltd. share price jumped over 7% in Friday's session after it received permission for becoming an universal bank from the Reserve Bank of India. An universal bank can offer a wide range of financial services including banking, investment banking, and asset management.

"We are of the view that 24,500-24450/80300-80000 would act as a key support zone for day traders. As long as the market stays above this level, the pullback formation is likely to continue. On the higher side, the market could move up to 24,800/81000 with a minor resistance at 24650/80700," said Shrikant Chouhan, head, equity research, Kotak Securities

The NSE Nifty Midcap 150 and NSE Nifty Smallcap 250 fell in line with the benchmark indices. The indices were trading 0.23% and 0.01% down, respectively as of 9:27 a.m.