Markets are trading in the green, with the NIFTY50 trading above 20,850 as of 1:15 pm. Here are the top stories for the day!
Top gainer: ITC: 461 ▲ 9 (+2.0%)
Top loser: Adani Enterprises: 2,879 ▼ 80 (-2.7%)
All eyes on RBI’s monetary policy meeting
The Indian central bank’s rate setting panel will begin its meeting today and will announce its interest rate decision on Friday. Despite easing inflation, the panel is expected to keep rates unchanged at 6.5%. Experts expect the RBI officials could flag off risk to inflation from repeated food price shocks.
Zydus Lifesciences gains on new agreement
Shares of the pharma major gained 1.5% intraday after the company’s wholly-owned subsidiary Sentynl Therapeutics signed a new agreement with the US-based Cyprium Therapeutics. Under this agreement, Cyprium Therapeutics will transfer its worldwide proprietary rights and US FDA documents pertaining to CUTX-101…
Greenpanel shares down on operation disruption
Shares of the plywood maker are down 1.3% in the early trade. This comes a day after the company said that the operations at its Andhra Pradesh’s Chittoor were disrupted due to cyclone Michaung. The cyclone has triggered heavy rains, leading to disruption in Andhra Pradesh and Tamil Nadu.
Oberoi Realty buys land in Thane
The real estate developer has bought land worth ₹196 crore in Thane, Maharashtra. The land is approximately 6.4 acres. Meanwhile, shares of Oberoi Realty have been on an upward move this year, rising 66%.
HCL Technologies gets 5-year contract from Husqvarna Group
The technology company and Swedish manufacturer have extended their strategic IT and digital transformation partnership by five years. Meanwhile, shares of HCL Tech are trading near their 52-week high and are up 27% this year.