Indian equity markets opened on a positive note on Wednesday, with benchmark indices BSE Sensex and Nifty 50 making gains amid early developments in the U.S. presidential race..
India's Mankind Pharma reported a stronger-than-expected profit for the second quarter of FY24, driven by higher demand for its medications targeting long-term health conditions like diabetes and cardiovascular diseases.
The bounce back in the markets came ahead of the US Presidential elections results (due tonight) and the US Federal Reserve Policy meeting later in the week.
His remarks came after oil prices surged more than 2% following OPEC+’s decision to delay a planned increase in oil output by a month.
Cairn Oil & Gas has become the first Indian oil producer to commit to the UN's methane reduction pledge, aiming for Net Zero Carbon by 2030.
According to sources familiar with the plans, the IPO for Reliance Jio will occur before the company's retail division.
The Indian rupee is positioned as a strong contender among emerging markets, poised to weather the volatility stemming from the closely contested US presidential election.
On Monday morning, equity investors saw a staggering loss of Rs 7.37 lakh crore as the BSE Sensex plummeted by 1,192 points, highlighting the volatility in the market.
Reports highlighted that several packages bore manufacturing dates set in the future, sparking concerns over labeling accuracy at the facility.
The Indian equity markets experienced a significant decline on Monday, with the BSE Sensex dropping 1,100 points to reach 78,600, while the Nifty 50 fell to 23,900.
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