Indian Market Overview Indian headline indices started the session considerably lower, primarily driven by notable slumps in the information technology and banking sectors. Despite a recent 2% dip in the BSE Sensex and Nifty 50 over the past month, a distinct narrative has unfolded in the primary market, showcasing remarkable resilience and activity. Most of …
Lupin has received tentative approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application for Calcium, Magnesium, Potassium, and Sodium Oxybates Oral Solution, 0.5 g/mL, to market a generic equivalent of Xywav Oral Solution, 0.5 g/mL of Jazz Pharmaceuticals Ireland. This product will be manufactured at Lupin’s Somerset facility …
The market opened higher on positive global cues, but the gains were wiped out in the initial hours. The market remained in consolidation mode for the rest of the session, with the IT pack taking a beating a day after Tata Consultancy Services posted a mixed bag of numbers for the September quarter. The underwhelming …
Nifty View: Thursday’s market activity signaled a potential exhaustion in the prevailing trend. The Nifty traded within the previous day’s range, mirroring a pattern observed for the second consecutive trading session. Notably, it adhered to the opening hour’s range and concluded below the opening level. The index came close to testing the gap area from …
Ichnos Sciences, a wholly-owned subsidiary of Glenmark Pharmaceuticals, is a leading global biotechnology company specialising in innovative multispecific antibodies for oncology, has recently unveiled an exclusive worldwide licensing agreement. This agreement with Astria Therapeutics, a biopharmaceutical company dedicated to developing therapies for rare allergic and immunological diseases, marks a pivotal moment in Ichnos’s commitment to …
On October 12, 2023, the Nifty50 index opened almost flat at approximately 19,822.70 and maintained a range-bound trading pattern throughout the session. The index concluded at 19,794.00, marking a slight dip of 17.35 points (-0.09%) from the previous day’s closing figure. The day’s trading saw the index reach a low of 19,772.65 and a high …
In the last five trading sessions, Nifty futures have shown a promising gain of 274.05 points, marking a 1.4 percent increase. However, there’s a unique twist to the story as trading volumes have been dwindling over this period. Despite this decline, open interest has witnessed a rise of 2.14 percent. Let’s dive deeper into the …
India’s plans to auction its newly discovered lithium blocks, estimated at a substantial 5.9 million tonnes, have ignited interest among both domestic and international mining giants. Adani Enterprises, Vedanta Ltd, Reliance Industries, Jindal Steel and Power Ltd, Himadri Chemicals, and South Korea’s LX International are among the prominent participants in this resource race. As the …
HBL Power System Ltd is a diversified manufacturer with three key divisions: Electronics, Defence, and Batteries. In particular, the Battery division specialises in producing batteries for various industries, including Telecom, UPS, Railways, Solar, Oil and Gas, and Power sectors. Additionally, they manufacture VRLA batteries for Data Center applications. Also, the company has secured orders from …
The Sensex and Nifty are both trading with marginal declines, whereas the Nifty Midcap has posted a marginal gain of 0.22%. Additionally, the Nifty Smallcap is displaying a moderate growth of 0.61%. In terms of sector performance, Nifty Media, Nifty Energy, and Nifty Auto have emerged as the leading sectors with robust gains. In contrast, …
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