On May 06, 2024, Nifty 50 slipped 0.15%, closing at 22,442, and Sensex rose 0.02%, closing at 73,895. Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty IT, Nifty Mid Small Healthcare and Nifty FMCG ended in green. Meanwhile, Nifty PSU Bank, Nifty Consumer Durables, Nifty Media and Nifty Oil & Gas were …
On Monday, the stock market mostly went down with a lot of ups and downs. The Sensex, which tracks 30 large companies, went up slightly by 0.02% and closed at 73,895.54 points. On the other hand, the Nifty, which follows 50 major companies, went down by 0.15% and ended at 22,442.70 points. Some sectors like …
Traditionally viewed as inefficient and bureaucratic, PSUs in India are undergoing a significant transformation, leading to improved financial performance and a surge in their stock prices. For many years, Indian PSUs were synonymous with sluggish growth and inefficiency. However, the narrative is changing. In a significant development, PSU stocks have been outperforming India’s benchmark stock …
Coromandel International Limited, a leading Indian provider of agri-solutions, announced a significant step towards a more sustainable future for agriculture. The company has increased its investment in Ecozen Solutions Pvt. Ltd (Ecozen) by ₹24 crore through its wholly-owned subsidiary and venture capital arm, Dare Ventures Limited. Boosting Stake in Climate-Smart Solutions This strategic investment elevates …
On May 6, 2024, Wipro Ltd informed the stock exchanges that the company is partnering with Microsoft to introduce a range of cognitive assistants for financial services powered by generative artificial intelligence (GenAI). These include Wipro GenAI Investor Onboarding, Wipro GenAI Investor Intelligence and Wipro GenAI Loan Origination. Utilising GenAI’s power, the Wipro cognitive assistants …
On May 6, 2024, Lupin Ltd informed the stock exchanges that the company got approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application (ANDA) for Travoprost Ophthalmic Solution USP, 0.004%. Travoprost Ophthalmic Solution USP, 0.004%, is an Ionic Buffered Solution. Lupin Ltd got approval from the United …
On May 6, 2024, Caplin Point Laboratories Limited informed the stock exchanges that Colombia’s INVIMA (Instituto Nacional de Vigilancia de Medicamentos y Alimentos – INVIMA) approved the company’s Softgel Capsules division at Puducherry, Tamil Nadu. Caplin Point Laboratories stated that on May 3, 2024, the site inspection of Unit-1 was done and found compliant with …
CARE Ratings Limited (CARE), one of the leading credit rating agencies in India, announced a significant development on May 2nd, 2024. Its wholly-owned subsidiary, CARE Advisory Research & Training Limited (now known as CARE ESG Ratings Limited – CareEdge-ESG), has received approval from the market regulatory Securities and Exchange Board of India (SEBI) to function …
During Monday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Sarla Performance Fibers Ltd Sarla Performance Fibers Ltd is currently trading at Rs 78.65, which is significantly higher than yesterday’s close at Rs 69, representing a 13.99% increase. This spike in price is …
Technical analysis identifies ICICI Lombard General Insurance and Indian Hotels as upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 1,680.75 and Rs 573.35 respectively, their price aligns with positive signals from technical indicators like RSI …
