There were apprehensions in the SII about rival Bharat Biotech's 'indigenous' tag, opening up shortcuts for it. One senior person, who was very familiar with the sector, told me, 'The message has gone out from the very top. Somani (V G Somani -- drug controller general of India) has told me "Bharat ka karna hai".' A fascinating excerpt from Abantika Ghosh's Billions Under Lockdown: The Inside Story Of India's Fight Against COVID-19.
The Sensex opened with a gain of 23 points at 4,845. Steady buying across the board pushed the index to a high of 4,861.
The 50-share NSE Nifty after moving between 10,374.30 and 10,307.30 settled flat at 10,348.75, up 6.45 points, or 0.06 per cent.
The Sensex declined 67 points to 4,782. While 20 index scrips slipped, 9 moved up and one was flat on Tuesday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
9 top-valued Sensex cos see Rs 93,000 crore m-cap erosion
Responding to another question, Choubey said that the phase-I of clinical trials have revealed excellent safety of the two candidate vaccines indigenously developed by Bharat Biotech in collaboration with Indian Council of Medical Research and Cadila Healthcare Ltd, and now their immunogenicity testing is in progress. Their phase II clinical trials are ongoing.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Of these, three stocks belong to the automobile pack and two are from the pharma.
The Sensex gained 29 points to close at 4,007, while the Nifty finished with a loss of 4 points at 1,278.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
The markets displayed volatility in the opening bell. After opening nine points higher over its yesterday's close at 6,317, the index moved up to touch an early high of 6,330.
Rise in crude oil price and rally in global equities aided the sentiment
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Analysts attribute this outperformance to the government's proactive economic reform measures
Sensex rises, Nifty ends at record high; RIL shares rally.
Market cap of government companies has remained unchanged in the past 8 years.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The combined market valuation of top six Sensex companies surged by Rs 26,346 crore last week, with Reliance Industries and HDFC contributing the most to the gains.
The 30-share Sensex gained 117 points to end above 29,000 at 29,006 while the 50-share Nifty gained 32 points to close at 8,761.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each
Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.
The Sensex opened with a positive gap of 11 points at 5,381, it slipped marginally to touch an intra-day low of 5,380.
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ITC, TCS and HDFC Bank emerged as the biggest gainers during the period.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
Indian equity markets registered their highest single-day percentage gains since early October.
At the BSE, 1,964 stocks declined and 871 advanced while 99 remained unchanged.
Indices reversed all its losses during late trades.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
Sensex in green, JSW climbs higher.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
