Indian stock markets ended the week on a positive note on Friday, extending their winning streak to a third consecutive session, with the Nifty closing above the 24,250 mark, supported by buying in IT, pharma, metal and realty stocks.
During the session, Sensex crashed 679 points, or 0.82%, to an intraday low of 82,047, while the Nifty dropped 0.80% to a day's low of 25,018.70.
The death toll in the fire and explosion at Sigachi Industries Ltd's manufacturing unit in Pashamylaram near Hyderabad rose to 39 on Friday as one of the injured succumbed at a hospital.
recent report by the Bain & Company in collaboration with Indianpharmaceutical bodies said exports of India’s pharmaceutical industry are projected to reach $350 billion by 2047.
Modi invited a delegation comprising the Kuwaiti Investment Authority and other stakeholders to visit India to look at new opportunities in the fields of energy, defence, medical devices, pharma, food parks, among others.
Hiring in several sectors like artificial intelligence-machine learning (AI-ML), pharma, and FMCG demonstrated resilience and growth in August, according to a report on Tuesday.
Benchmark indices closed higher for the day with auto, banking, pharma, and mid- and small-cap healthcare sectors performing well.
The increase in profit came on the back of a strong demand for the company's medicines, while there was a marginal decline of 1.4 per cent in costs as well.
Indian Benchmark indices opened in negative territory as the Union budget proved to be a non-event to the market participants.
Bank Nifty opened in green territory with an increase of 704 points or 1.35 per cent at 52 872.30 whereas the Nifty Midcap opened at 56149.90, an up of 295.20 or 0.53 per cent increase.
