Stock Market Today: GIFT Nifty on the NSE IX down 18 points, or 0.09 percent, to 19,860, indicating that Dalal Street will likely have a quiet start to the week. In a dull trading session, the Nifty finished 10 points down in the critical 19,800-zone, failing to break above the hurdle at 19850. The strikes of 19800 saw the largest accumulation of PE open interest and build-up in the derivatives market. Only 24 of the Nifty 50 equities ended the trading day in the green, indicating an underperforming market breadth, according to Avdhut Bagkar, Technical and Derivatives Analyst at StoxBox.
Rupee slips; Tokyo stocks opened higher
Due to FII outflows and weak local equities, the rupee fell 2 paise to close at 83.34 against the US dollar on Thursday. After Wall Street bounced back in a pre-holiday session and Treasury yields continued to decline, Tokyo markets began higher on Friday. The larger Topix index increased by 0.75 percent, or 17.73 points, to 2,395.92, while the benchmark Nikkei 225 index increased by 0.89 percent, or 298.61 points, to 33,750.44.
Stock Market Today: Stocks in focus
LTIMindtree
In partnership with Quantum Xchange and Fortinet, LTIMindtree, a global provider of digital solutions and technology consultancy, introduced the Quantum-Safe Virtual Private Network (VPN) link in London.
Lupin
The pharmaceutical giant has obtained FDA approval for Canagliflozin Tablets and provisional approval for Bromfenac Ophthalmic Solution, 0.07%.
Indian Railway Catering and Tourism Corporation
Technical issues that briefly hampered the company’s ability to book and cancel e-tickets today from 11:15 a.m. to 1:52 p.m. have been fixed.
Granules
The GST authorities sent a letter to the company directing the payment of a tax liability of Rs 43.43 lakh for the July 2017–March 2021 tax period.
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