Stock Market Today: Dalal Street was destined for a bad start on Tuesday as the GIFT Nifty on the NSE IX trading lower by approximately 165.5 points and reached at 22,188. On the daily chart, a Shooting Star candlestick pattern appeared as a result of a 247-point Nifty fall. The 20-day Exponential Moving Average (EMA), which was trading at 22,370, was broken by this decline.The weekly chart, however, still shows the larger positive chart pattern with higher highs and higher lows. Thermax had a rise of more than 4%, Exide Industries reached a new all-time high with a roughly 3% increase, and Aster DM Healthcare, with a leap of more than 7%, were among the stocks that were the focus of attention on Monday.
Stock Market Today: Stocks in focus
Cipla
A business transfer agreement (BTA) has been struck by the company’s consumer healthcare division to acquire Ivia Beaute Private’s global distribution and marketing business for cosmetics and personal care products, which includes names including Astaberry, Ikin, and Bhimsaini.
Vodafone Idea (Vi)
The company’s CEO, Akshaya Moondra, stated that Vi intends to invest Rs 5,720 crore to introduce a 5G wireless network within the next 24 months, amidst the present Rs 18,000 crore FPO.
Vedanta
Yoga has obtained a Rs 3,918 crore, 11-year term loan from Power Finance Corporation. Vedanta will be able to accelerate the completion of its power projects thanks to the financial closure.
Jio Financial
Leading US company Reliance Industries, led by Mukesh Ambani, has announced intentions to form an equal joint venture (JV) with US-based BlackRock in order to go into the wealth management and stockbroking markets. Following their earlier signing of a Mutual Fund JV agreement, both parties were awaiting Sebi’s licence approval. At the same time, Reliance Industries plans to increase its bed capacity—which is currently more than 6,600—by spending about Rs 1,000 crore in India over the course of the next three years. By 2026–2027, the massive healthcare organisation hopes to add 1,700 more beds to its capacity through both strategic acquisitions and organic expansion.
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