Shares of Natco Pharma Ltd. rose nearly 9%, the biggest advance in over a week to Rs 919.5 apiece. Trading volume was over 10 times the …
Nifty Honeymoon Period Over: This week was one for the record books. We saw the largest range for a day after about nearly two years. The last time around when the Nifty dropped more than 5% (and Bank Nifty 6%) was back in March 2020.
Ukraine Tensions: Commodity cost inflation, especially in barley, due to geopolitical tensions in Ukraine is a key worry for alcobev companies in India like United Breweries Ltd. and United Spirits Ltd., according to a note from Motilal Oswal Research.
The Indian rupee advances for a second day as traders cite inflows ahead of the mega share sale of Life Insurance Corp. of India, likely by mid-March. Bonds are lower with traders waiting to see if the government cancels the last auction of the fiscal year
Strides Pharma Science Ltd. announced that its subsidiary Strides Pharma Global, Singapore received final U.S. FDA approval for Amantadine Hydrochloride Softgel Capsules USP, 100 mg.
Shares of Ambuja Cements Ltd. fell over 4%, the most in nearly three weeks after the company reported a decline in net profit in the quarter ended December.
After rising from 7,500 to over 18,000, the Nifty has been consolidating since mid-October 2021. Looking at the fall of the last 30 days, it seems like the Nifty could further correct from present levels.