baazar bites of today
Indian benchmark indices, Sensex and Nifty, dropped after opening in green higher on Monday, following positive signals from other Asian markets, with IT and auto stocks leading the gains.
Major Indices Performance:
* NIFTY 50:📉 Decreased by 0.02%, closing at 22,119.
* SENSEX:📉 Fell by 0.15%, ending at 73,086.
* BANK NIFTY:📉 Declined by 0.48%, settling at 48,114.
* NIFTY MIDCAP:📈 Increased by 0.14%, reaching 47,984.
* NIFTY SMALLCAP: 📉 Decreased by 0.27%, closing at 14,660.
Major Sectoral Performance:
* Gainers: Nifty IT (0.79%) saw strong momentum along with Nifty Realty (1.26%) and Nifty Metal (1.18%) led gains.
* Losers: Nifty Media (-1.10%) and Nifty Private Bank (-0.41%) declined with Nifty Oil&Gas (0.80%)
🗞️ Major news headlines of the day:
* Glenmark Pharmaceuticals has recalled approximately 1.5 million bottles of a generic medication used to treat ADHD in the U.S. market due to detected impurities exceeding FDA-recommended limits.
* ACME Solar Holdings plans to invest ₹17,000 crore in FY26 to expand its renewable energy capacity to 5 gigawatts by 2027.
* !Ola Electric , India's leading electric two-wheeler manufacturer, is laying off over 1,000 employees and contract workers across various departments in an effort to reduce mounting losses and improve profitability.
* AstraZeneca Pharma India has received CDSCO approval to import and distribute Durvalumab (Imfinzi) for treating and distributing cancer treatment medicines.
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