Strong stock market, Sensex opens 235 points higher
Know the main points and gist of the news at a glance
New Delhi. The bullish trend continues in the stock market (Stock Market Outlook Today). After rising for three days, the stock market has again started on a strong note today. The Sensex opened at 83,969.82 with an increase of 235 points compared to the previous closing level of 83,734.25. Nifty opened at 25,873.35, 54 points stronger than 25,819.35. HCL Tech, Infosys, Tech Mahindra TCS and Tata Steel are showing gains in early trade.
Market participants expect this recovery trend to continue, supported by institutional flows, sector-specific rallies and global cues. Let us know which shares will be in focus today.
Q3 Results Today: ABB India, CIE Automotive India, Mahesh Developers and Satva Sukun Lifecare will release their quarterly results today.
Dr Reddy’s Laboratories - The company has entered into an agreement with Mercury Pharma Group (MPGL), a UK-headquartered specialty pharma company, under which it will acquire its trademarks, Progynova and Cyclo-Progynova and related assets for India for $32.1 million.
Hindustan Unilever - The Board has approved an investment of approximately Rs 2,000 crore over two years to expand manufacturing capacity in the fast growing premium categories of Beauty & Wellbeing and Home Care.
Zydus Lifesciences – The pharma company has received final approval from the United States Food and Drug Administration (USFDA) for Bosentan Tablets for Oral Suspension, 32 mg.
NCC – OB Infrastructure in collaboration with NCC has received debarment order from National Highway Authority of India (NHAI). OB Infrastructure is a step-down subsidiary of the company.
TVS Motor Company - The company has created a historic record by reaching one million units in total production in Indonesia since it started operations in Indonesia 19 years ago.
Jindal Saw – During an audit by the American Petroleum Institute (API), some non-conformities (NCs) were found, and a suspension letter was issued, barring the company from affixing the API monogram on its API seamless pipes.
Alembic Pharmaceuticals – The United States Food and Drug Administration (USFDA) conducted an unannounced cGMP inspection at the company's injectable facility (F-3) in Karakhadi during February 9-18. The inspection was completed with two observations. None of these observations are related to data integrity.
Cochin Shipyard - The company has signed a contract worth more than Rs 2,000 crore with France's CMA CGM for the design and construction of six feeder container vessels. Each vessel has a capacity of approximately 1,700 TEU and will run on liquefied natural gas (LNG).
Also read - Ola founder Bhavish Aggarwal gets relief from Bombay High Court, will not be arrested; Shine returned in the stock"You can send us your questions related to the stock at business@jagrannewmedia.com.
(Disclaimer: Information about the stock market is given here, not investment advice. Jagran Business is not giving investment advice. Investing in the stock market is subject to market risks, so please consult a certified investment advisor before investing.)
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