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Share Market Pre Open Updates – April 12, 2024

12 April 2024

On April 10, 2024, the Nifty 50 increased by 0.49% to close at 22,753, while the Sensex went up by 0.47%, closing at 75,038. On Wednesday, the Nifty exhibited mostly sideways movement. According to experts, the market is currently range-bound. Foreign Institutional Investors (FIIs) were active buyers, purchasing equities worth approximately ₹2,778 crore. Conversely, Domestic …

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Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 12

10 April 2024

On Wednesday, Market extends opening gains to end the session at a record high. Sensex saw a moderate rise today increasing by 0.47% and closing at 75,038.15 points, while Nifty also climbed by 0.49% to reach 22,753.80 points. Among the top gainers were sectors like Nifty Media, Nifty PSU Bank, Nifty FMCG, and Nifty Metal, …

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InterGlobe Aviation Becomes Third-Largest Airline by Market Capitalization – Shares Rally Over 5% Today

10 April 2024

InterGlobe Aviation Ltd (IndiGo), India’s largest passenger airline, was in the spotlight today. IndiGo commenced operations in August 2006 with a single aircraft and has now become the third-largest airline company by market capitalization today. Share Performance Today, IndiGo share price garnered considerable investor interest during the trading session, rallying over 5%. Shares of IndiGo …

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Top 3 stocks trading below Rs 100

10 April 2024

These three equities’ volume gained significantly during Wednesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. NMDC Steel Ltd Today, NMDC Steel Ltd’s stock surged to Rs 66.45, with a remarkable trading volume of 71,713,339 shares. This exceeded the previous close of Rs 60.75 by 8.07%, indicating a strong uptrend. The stock also …

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Technical Picks to Keep an Eye On: India Cements and TVS Motors

10 April 2024

India Cements and TVS Motors are identified as upside potential stocks based on technical analysis. 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 227.55 and Rs 2,097.95 respectively, their price aligns with positive signals from technical indicators like …

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Cadsys (India) Rallies 900%: From Rs 30 to Rs 300

10 April 2024

Cadsys Ltd undertakes GIS and engineering design services in the fields of telecom, CATV, oil & gas, electric, and other utilities. The company was incorporated in 1989. There is a significant surge in the company’s stock price today. Share Performance At the start of the day’s trading session, the stock opened at Rs 293 per …

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Gensol Powers Up FY25 with Robust ₹1,783 Crore Order Book

10 April 2024

Gensol Engineering Limited, a prominent player in India’s renewable energy landscape, has announced a strong start to the new fiscal year (FY25) with a significant order book valued at ₹1,783 crore (approximately USD 214 million) secured as of April 10, 2024. This impressive figure signifies not only a promising year ahead for Gensol but also …

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Ramco System Strengthed Its Global Presence By Partnering With Korean Air

10 April 2024

Global aviation software expert Ramco Systems Ltd. announced on April 10, 2024, that it has entered into a strategic partnership with Korean Air, the nation’s flag carrier and biggest airline, to install its flagship product, Ramco Aviation Suite, at the engine maintenance centre. The official announcement of this association was made during MRO Americas 2024 …

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Sun Pharma Announces Results of Interim Analysis From PROSEEK Study

10 April 2024

Sun Pharma Advanced Research Company Ltd. (SPARC) recently disclosed the results of an interim analysis from the PROSEEK study on April 10, 2024. This global Phase 2 clinical trial investigated the efficacy and safety of Vodobatinib, a potential treatment for patients in the early stages of Parkinson’s Disease. PROSEEK Study Design The PROSEEK study was …

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Paytm Payments Bank MD and CEO Resigns: What are the Market Sentiments Like?

10 April 2024

Paytm Payments Bank, a key unit of Paytm, listed as One 97 Communications, has been navigating through a period of significant leadership and regulatory challenges. The recent announcement of CEO and Managing Director Surinder Chawla’s resignation due to personal reasons marks another pivotal moment for the company, Surinder Chawla’s departure, effective from June 26, comes …

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