On Friday, the market continued to hit record highs but remained within a range. The Sensex gained moderately by 0.24% to close at 77,992.78, while the Nifty achieved a life high for the third consecutive session, rising by 0.29% to close at 23,465.60. In sectoral performance, Nifty Auto, Nifty Realty, and Nifty Metal were among …
The month of May was nothing short of a roller coaster ride for the Indian equity markets. The volatility was driven by the general elections in the world’s largest democracy and persistent global issues like inflation and geopolitical tensions. As a result, the NSE benchmark Nifty50 index ended May down by 0.33%. On the monthly …
The week was marked by a continuous rise in the Nifty, with prices reaching new highs throughout. However, traders encountered difficulties trading within the major indices due to slow intraday movements. On Friday, Nifty opened on a positive note but lacked consistent buying momentum, staying within a tight 50-point range and ending with a 0.29% …
In 2024, several companies have significantly eroded investor wealth, causing substantial financial pain and disappointment. Here, we highlight the top three wealth destroyers: Zee Entertainment, Syrma SGS Technology Ltd, and One 97 Communications Ltd (Paytm). We delve into the reasons behind their declining stock prices and the critical lessons investors can learn from these developments. …
During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. GMR Airports Infrastructure Ltd GMR Airports Infrastructure Ltd reached a high of Rs 94.55, with an impressive traded volume of 92,302,505 shares. The stock is currently trading at Rs 93.95, up from its …
On June 14, 2024, Sun Pharma and Moebius Medical revealed new findings at EULAR 2024. They shared data showing that patients with symptomatic knee osteoarthritis continued to experience significant pain relief up to 26 weeks after receiving injections of MM-II. These results come from a Phase 2b clinical trial (NCT04506463) that included randomised and controlled …
On June 14, 2024, Minda Corporation signed a Joint Venture Agreement with HSIN CHONG MACHINERY WORKS CO., LTD (HCMF) under SEBI regulations. The agreement established a new entity manufacturing Automotive Sunroof Solutions and Closure Technology Products for passenger cars. Minda Corporation and HCMF will hold a 50% stake in the joint venture company. The proposed …
On June 14, 2024, Titagarh Rail Systems Limited (TRSL), a leading Indian train manufacturer, started producing trainsets under a contract with China Railway Rolling Stock Corporation (CRRC). These trainsets are for the Bangalore Metro Rail Corporation Limited’s (BMRCL) Phase 2 Yellow Line project. This achievement highlights Titagarh’s important role in improving urban transportation in India. …
Zydus Lifesciences Limited (Zydus), a leading Indian multinational pharmaceutical company, announced a significant development in its quest to expand its global reach. The company has received tentative approval from the United States Food and Drug Administration (USFDA) to market Azilsartan Medoxomil and Chlorthalidone Tablets, 40 mg/12.5 mg and 40 mg/25 mg, under the brand name …
On June 14, 2024, Jindal Stainless Limited announced to the stock exchanges its acquisition of Chromeni Steels Private Limited (CSPL). This move follows earlier disclosures made on May 1, 2024, and June 4, 2024, in which Jindal Stainless Limited detailed its acquisition of a 54% equity stake in Chromeni Steels Private Limited through the purchase …
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