Market Updates - Angel One

At 2 pm, Aurobindo Pharma shares were trading at Rs 1,038, up by 1.65% from its previous closing of Rs 1,021.15 on the BSE. Receiving USFDA approval  Aurobindo Pharma’s wholly owned subsidiary, Eugia Pharma Specialities has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Budesonide Inhalation Suspension, 0.5 …

In a groundbreaking move, Netweb Technologies India Limited has solidified its position as a manufacturing partner for NVIDIA, a global technology leader, and is set to produce a range of AI systems under its Tyrone series. The focus of this collaboration is the integration of the NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip …

In the ever-shifting landscape of global economic dynamics and the looming political uncertainty, Goldman Sachs has turned its attention to India’s Nifty index, projecting a year-end target of 21,800 by 2024. This forecast carries a potential upside of 10.7%, a promising prospect against the Nifty’s recent closing level of 19,694. Goldman Sachs’ Analysis: Outlined in …

The Indian stock market is a dynamic and evolving landscape, with companies experiencing varying levels of growth and performance. To accurately reflect these changes, market indices are periodically rebalanced, adjusting the composition of their constituent companies to ensure they continue to represent the market’s overall performance. Recently, the S&P BSE Indices underwent a semi-annual rebalancing, …

On Thursday, the Reserve Bank of India took action to limit the rapid increase in unsecured personal loans and credit cards. They increased the credit risk weights for these loans, which are generally disbursed without collateral, making it more costly for banks and NBFCs to lend money in this category. In simpler terms, banks and …

The Indian stock market holds the distinction of being the oldest in Asia, with the establishment of the Bombay Stock Exchange (BSE) in Mumbai in 1875. China’s stock market, comprising the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE), commenced operations in the early 1990s.  India boasts two major stock market indexes, namely …

Yesterday Pidilite Industries which is the leading manufacturer of adhesives and sealants, held a board meeting and reported financial results for the second quarter of FY24 and more importantly company intends to set up a lending business. Yesterday the scrip closed at Rs 2,473.05. Today, it opened at Rs 2,469.95 and currently it is trading …

The Indian headline indices concluded the trading session flat, recovering from losses recorded earlier in the day. The BSE Information Technology index experienced slight fluctuations, with modest gains and losses during the trading session. There was a noticeable increase in buying interest for shares of L&T Technology Services Ltd (LTTS), a leading global provider of …

International trade is a complex and under continuous revolution, but at its core, it revolves around two fundamental processes called the import and export of commodities. These two forces work in tandem to drive economic growth, enable international relations, and meet domestic demand for various products. Imports: Accessing the World’s Bounty Imports are goods or …

India recently made a significant mark in the world of finance by introducing its first-ever 50-year bond. This strategic move is part of the Indian government’s broader efforts to revamp its borrowing profile. Prior to this groundbreaking issuance, the longest-tenor government bond available in India was the 40-year paper, which had a cut-off yield of …