Stock Market LIVE: Sensex maintains over 750pts lead; monthly SIPs cross Rs 23k cr first time

12:58 PM

Unicommerce eSolutions IPO allotment: See status, GMP, likely listing price

The shares of Unicommerce eSolutions are scheduled to be allotted today. Once the allotment is finalised, investors can check the allotment status by visiting the official website of BSE or Link Intime India, the registrar for the issue. Alternatively, one can follow these links to check the allotment status directly: READ MORE

12:47 PM

NBCC zooms 12% on Rs 15,000 cr order win for building satellite township

NBCC secured the work order from Srinagar Development Authority for development of satellite township spread over 406 acres at Rakh-e-Gund Akshah, Bemina, Srinagar in Jammu and Kashmir, the company said in an exchange filing. READ MORE

12:42 PM

ALERT :: Granules India announces ANDA approval for Trazodone tablets

>> Granules India Limited has announced that the US Food & Drug Administration (USFDA) has approved its Abbreviated New Drug Application (ANDA) for Trazodone Hydrochloride Tablets USP, 50 mg, 100 mg, 150 mg, and 300 mg.

>> Trazodone tablets are indicated for the treatment of major depressive disorder in adults.

>> The current annual US market for Trazodone tablets is approximately $128 Million, according to MAT June 2024, IQVIA/IMS Health.

12:34 PM

Oil India rallies 7%, hits record high post Q1 results; ONGC surges 4%

However, earnings before interest, tax, depreciation and amortisation (Ebitda), at Rs 2,540 crore, was largely in line with analysts’ estimate as lower crude sales volume and realisation was offset by higher gas sales volume and realisation. READ MORE

12:22 PM

July 2024 Amfi data update :: Monthly SIP at Rs 23,332 cr vs Rs 21,262 cr MoM

>> Total MF AUM at Rs 64.7 trillion vs Rs 61.2 trilion MoM

>> Equity AUM at Rs 28.5 trillion vs Rs 27.7 trillion MoM

12:19 PM

Is the worst over for the stock markets? Here’s what analysts think

That said, analysts at Jefferies and Julius Baer suggest that the recent stock market correction was more to do with technical factors and fund flows rather than fundamental reasons, and the worst may not be over just yet. READ MORE

12:15 PM

ALERT :: Zydus receives final nod from USFDA for Valbenazine Capsules; stock hits 52-week high

>> Zydus Lifesciences Limited has received final approval from the United States Food and Drug Administration (USFDA) to market Valbenazine Capsules, 40 mg, 60 mg, and 80 mg.

>> Valbenazine Capsules are indicated for the treatment of adults with tardive dyskinesia (uncontrollable movement of the face, tongue, or other body parts)

>> Valbenazine Capsules had annual sales of $1,993.6 mn in the United States (IQVIA MAT June 2024).

12:07 PM

Nifty IT soars 2% amid positive US job data, rebound in global markets

Mphasis led with a 4.06 per cent increase, followed by LTTS (3.39 per cent),Tech Mahindra (2.91 per cent), Persistent (2.82 per cent), HCLTech (2.76 per cent), LTIMindtree (2.71 per cent), Coforge (2.55 per cent), Infosys (2.15 per cent), TCS (1.94 per cent), and Wipro (1.87 per cent). READ MORE

11:48 AM