SPARC.NSESun Pharma Advanced Research Co. Ltd
SPARC.NSE
Sun Pharma Advanced Research Co. Ltd166
India stock benchmarks fall for 3rd straight session, financials drag
India’s equity benchmarks fell for a third consecutive session on Tuesday as concerns over foreign outflows and the rupee falling to a record low fuelled profit booking. The Nifty fell 0.55% to 26,032.2 and Sensex lost 0.59% to 85,138.27. The indexes scaled record highs after 14 months last week, boosted by improving earnings, stable growth, and supportive monetary and fiscal policies. Fifteen of the 16 major sectors declined. The broader small-caps and mid-caps fell 0.6% and 0.2%, respectively. Foreign investors have sold India shares for three consecutive days, also pressuring the Indian rupee, which weakened to 90 per U.S. dollar on the inter-bank order matching system after the local spot market closed. “We expect market to remain range bound due to lack of major triggers in the near term, while the wait for India-U.S. trade deal continues to get longer,” said Dharmesh Kant, head of equity research at Cholamandalam Securities. Investors also await the Reserve Bank of India’s policy decision later on Friday, amid expectations robust economic growth might lead to interest rates being held.
cityfalcon.com·4mo ago
Indian shares rise on optimism over trade negotiations, potential RBI rate cut
Indian shares rose on Wednesday, snapping a three-day slide on expectations of progress in U.S.-China trade negotiations and an anticipated rate cut by the Reserve Bank of India later this week. The Nifty 50 rose 0.32% to 24,620.2, while the BSE Sensex added 0.32% to 80,998.25. Twelve of the 13 major sectors advanced on the day. The broader smallcaps and midcaps rose about 0.8% each. “Markets recovered on anticipated relief on the trade front ahead of the talks between U.S. President Donald Trump and China’s President Xi Jinping and expected rate cut by RBI on Friday,” said Devarsh Vakil, head of prime research at HDFC Securities. Trump said Xi Jinping is “tough” to negotiate with, days after alleging that China backtracked on tariff agreements. Washington pressed trade partners for proposals by Wednesday while higher U.S. duties on steel and aluminium imports took effect. Financials, IT weigh on Indian shares; Adani stocks fall on US probe report Asian shares edged up, with South Korea leading gains after liberal candidate Lee Jae-myung’s election win raised stimulus hopes.
cityfalcon.com·10mo ago
‘Prof. K.S. Rangappa gave a new look to Manasagangothri, Muktagangothri’
Mysuru: Prof. K.S. Rangappa, former Vice-Chancellor of University of Mysore (UoM) and Karnataka State Open University (KSOU), who celebrated his 70th birthday yesterday, was honoured in recognition of his remarkable contributions to the field of Science and Technology. Prof. Rangappa and his wife Poornimadevi were felicitated by their well-wishers at a ceremony organised at Senate Bhavan, Manasagangothri here, in association with the Department of Studies in Chemistry, Department of Studies in Organic Chemistry, University of Mysore and Research Scholars. Padma Shri Prof. Goverdhan Mehta, former Director of Indian Institute of Science (IISc), Bengaluru, in his address, credited Prof. Rangappa for changing the outlook of UoM’s Manasagangothri campus and for giving a new dimension to KSOU’s Muktagangothri campus. The greenery of Manasagangothri campus further enriched along with the addition of new buildings, all due to Rangappa, added Prof. Mehta. “For an educational institution to progress, it requires leadership qualities like Prof.
cityfalcon.com·10mo ago
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