Domestic markets remained lackluster and closed flat on Wednesday, taking a pause after Tuesday’s decline. In today’s trade, shares of Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma among others will be in focus due to various news developments and first quarter results. Hindustan ZincHindustan Zinc Limited (HZL) has announced its offer for sale from … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty50 closed below 22400 levels on Monday led by losses in banking stocks. It has formed sizeable bearish candles, indicating the possibility of consolidation within an overall uptrend. Both FIIs and DIIs were net buyers on Monday to the tune of … Read more
Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus … Read more
Glenmark Pharmaceuticals has launched the first biosimilar of the popular anti-diabetic drug, Liraglutide in India, which will lower the therapy cost by approximately 70%. The drug is being marketed under the brand Lirafit, following an approval from the Drug Controller General of India. It is priced around Rs 100 for a standard dose of 1.2 … Read more
Indian headline indices hit fresh lifetime highs on Friday ending with weekly gains of 2.7% on a dovish pivot by the US Fed. The biggest gainers were IT and bank stocks. Nifty hit a new lifetime high of 21,492.30 before ending the session at 21,456.65, up 273.95 points or 1.29%. The 30-stock S&P BSE Sensex … Read more