Stock Market Today: With the Gift Nifty trading at 24,360, a markdown of almost 17 points from the previous close of the Nifty futures, the Indian stock market indices were off to a sluggish start. Following conflicting cues from international markets, the domestic equities market is anticipated to open negative on Friday. The Indian stock market indices closed yesterday at all-time highs, with the Sensex crossing the 80,000 threshold for the first time.
Stock Market Today: Stocks in focus
Dr Reddy’s and Sun Pharma
An Indian global pharmaceutical firm called Dr. Reddy’s Laboratories produces and sells a variety of medications both domestically and internationally. The company manufactures more than 190 drugs and 60 active pharmaceutical ingredients (APIs) used in biotechnology, diagnostic kits, critical care, and drug manufacturing. Based on manufacturing problems, Dr Reddy’s Laboratories and Sun Pharma are recalling products in the US, according to the US Food and Drug Administration’s (USFDA) most recent Enforcement Report.
HDFC Bank
The Indian banking and financial services firm HDFC Bank Limited, or simply HDFC, has its main office in Mumbai. As of May 2024, it ranked eighth globally in terms of market capitalization and is the biggest private sector bank in India in terms of assets. On Thursday, HDFC Bank, the largest private lender in India, announced that its gross advances for the first quarter of FY18 increased by 53% year over year to Rs 24.87 lakh crore.
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