Stock Market Today: With the GIFT Nifty on the NSE IX trading down 40.5 points, or 0.19 percent, at 21,580, Dalal Street appeared to be off to a bad start on Wednesday. On Wednesday, Japanese stocks reached a level not seen since the 1930s, while other Asian markets stumbled near one-month lows and bond markets moved cautiously ahead of this week’s expected release of U.S. inflation data. In cautious trading on Wednesday, the dollar remained stable ahead of U.S. inflation data that is expected later this week and could impact the Federal Reserve’s policy. Meanwhile, bitcoin experienced volatility following the market tremors caused by a spoof social media post.
Stock Market Today: Stocks in focus
Mahindra & Mahindra
As it looks to expand in India’s auto market, Mobileye Global Inc. will provide cutting-edge driver assistance technology for the automaker’s next-generation vehicles. Additionally, the businesses will collaborate to develop an entirely driverless driving system for India. M&M also declared that Mahindra Susten, a division of the company, and the sustainable energy infrastructure trust had acquired a stake in the latter.
Power Finance Corp
The Reserve Bank of India has given PFC permission to establish a wholly-owned finance company in Gujarat’s GIFT City. In addition to offering PFC new business prospects, the organisation at the International Financial Services Centre (IFSC) will support the expansion of the nation’s electricity industry.
Lupin
The pharmaceutical company announced that it has introduced a generic drug to the US market to treat postoperative inflammation. The US FDA gave the company approval before launching Bromfenac Ophthalmic Solution.
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