Stock Market Today: The GIFT Nifty on the NSE IX fell by 58.5 points to 23,803, indicating that Dalal Street was likely to have a poor start to the day. On the daily charts, Nifty formed a lengthy bull candle and finished the session on Wednesday 147.5 points higher, setting a new high at 23,889 points. A ‘Three Advancing Soldiers’ pattern has formed, indicating three straight bull candles and a short-term continuation of the upward trend. The bulls kept control of the equity markets, pushing the benchmark Nifty to a fresh all-time high as they continued their upward momentum. However, because of worries about valuation, mid- and small-cap equities saw profit-taking.
Stock Market Today: Stocks in focus
JSW Steel
An Indian power firm called JSW Energy Limited produces, transmits, and trades electricity. It belongs to the JSW Group. Power purchase agreements (PPAs) for wind and solar projects totaling 1,325 MW were signed by JSW Energy’s subsidiary JSW Neo Energy.
Dr Reddy’s Laboratories
Based in Hyderabad, Dr. Reddy’s Laboratories is a multinational pharmaceutical corporation of Indian origin. Kallam Anji Reddy, who had previously worked at Indian Drugs and Pharmaceuticals Limited, a mentor institute, started the company. A final deal was reached between Haleon plc and its affiliated firms and Dr. Reddy’s arm, Reddy’s Laboratories SA, Switzerland, to purchase Nicotinell and related brands.
Bharti Airtel
Airtel, also referred to as Bharti Airtel Limited, is a multinational Indian provider of telecommunications services with its headquarters situated in New Delhi. Airtel currently covers all of India with 5G, 4G, and LTE Advanced services. Depending on the country of operation, phone and fixed-line broadband services are currently available. 97 MHz of spectrum in the 900 MHz, 1800 MHz, and 2100 MHz frequency bands have been purchased by Bharti Airtel for a total of Rs 6,857 crore.
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