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Barring the Nifty FMCG index (up 2.27%) all other sectoral indices ended in the red. The Nifty Metal index plummeted nearly 6.5%.
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Tata Steel, shedding over 8%, was the top laggard in the Sensex pack, followed by SBI, Dr Reddy’s, Kotak Bank, Sun Pharma, Bajaj Auto and L&T
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The brokerage remained overweight on industrials, given the expectation of multi-year capex upcycle
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The BSE Sensex index tumbled 232 points, or 0.42%, at 55,398 levels while the Nifty50 tested the 16,450-mark at 16,467 level, down 101 points
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Emcure is one of India’s biggest unlisted pharma companies, is all set to again attempt to publicly list its shares on exchanges
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The major risk to GREED & fear is the arrival of a new Covid variant. But that is a risk shared with the rest of the world.
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CarTade Tech has a profitable & scalable business model with a focus on data science to provide superior solutions and is poised for growth
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FPI investments in Indian equities stood at $592 billion, which was considerably higher than the $552 billion recorded in the previous quarter
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Sona Comstar supplies to automotive OEMs across the US, Europe, India and China for both electrified and non-electrified vehicles.
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Shareholders of Aarti Industries will get one share of Aarti Pharmalabs for every four shares they hold.