Stock Market Today: The opening of the Indian index, which gained 56 points is good, according to the GIFT Nifty trends. In the vicinity of 22,370, Nifty futures are trading. Today’s gains in Asian markets came despite a weak dollar as traders evaluated conflicting U.S. producer pricing data and looked ahead to the important consumer price report later in the day, which may have an influence on the Federal Reserve’s short-term policy outlook. Earlier in the session, MSCI’s broadest index of Asia-Pacific equities outside of Japan reached a fresh 15-month high, rising by 0.38%. With a gain of 0.58%, Japan’s Nikkei index also saw growth. A gain of 328 points saw the 30-share BSE benchmark Sensex close at 73,104. Likewise, the whole NSE Nifty experienced a gain of 114 points, ultimately closing at 22,218.
Stock Market Today: Stocks in focus
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. The largest telecom company, Bharti Airtel, announced on Tuesday a 31% decrease in its consolidated net profit for the quarter that ended in March 2024, totaling Rs 2,072 crore.
Cipla
The Mumbai-based international pharmaceutical business Cipla Limited, often known as Cipla, is an Indian enterprise. Creating drugs to cure a range of illnesses, including depression, diabetes, rheumatoid arthritis, and cardiovascular disease, is Cipla’s primary purpose. Four promoter group entities, namely Rumana Hamied, Samina Hamied, Shirin Hamied, and Okasa Pharma, intend to sell approximately 2.53% of the pharmaceutical company Cipla through block agreements today.
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