Stock market update: Nifty Pharma index advances 0.57%
NEW DELHI: The Nifty Pharma index closed on a positive note on Wednesday.
Shares of Granules India Ltd.(up 3.16 per cent), Biocon Ltd.(up 2.54 per cent), Divi's Laboratories Ltd.(up 2.29 per cent), Gland Pharma Ltd.(up 1.96 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 1.89 per cent) ended the day as top gainers in the pack.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Innovative Jackets for Mountain Adventures [Buy Now]
Trek Kit India
Learn More
Undo
On the other hand, Cipla Ltd.(down 1.67 per cent), Aurobindo Pharma Ltd.(down 0.32 per cent), Ajanta Pharma Ltd.(down 0.25 per cent) and Abbott India Ltd.(down 0.22 per cent) finished as the top losers of the day.
The Nifty Pharma index closed 0.57 per cent up at 21480.5.
Benchmark NSE Nifty50 index ended up 88.56 points at 24666.9, while the BSE Sensex stood up 182.34 points at 81330.56.
Live Events
Among the 50 stocks in the Nifty index, 38 ended in the green, while 12 closed in the red.
Shares of Vodafone Idea, YES Bank, Suzlon Energy, Tata Steel and Reliance Power were among the most traded shares on the NSE.
Shares of Kanpur Plastip, Stampede Cap(DVR), Fusion Micro Finance(PP), Authum Investment and SBFC Finance hit their fresh 52-week highs in today's trade, while Raymond, Godha Cabcon & Insul, Career Point, Aether Industries and Jai Balaji Inds hit their fresh 52-week lows.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
38 minutes ago
- Time of India
Union minister highlights decrease in poverty rates
1 2 3 4 Vijayawada: Since Prime Minister Narendra Modi assumed office in 2014, the country witnessed equitable development across all sectors, leading to enhanced international standing and justice for all sections of society, said G Kishan Reddy, Union minister for coal and mines and Telangana BJP president. He was speaking at a press conference in Vijayawada on Tuesday. Reddy stated that India's economy became the world's fourth-largest, surpassing Japan, growing from a 2.1 trillion dollar economy in 2014 (10th position) to four trillion dollar, as confirmed by the International Monetary Fund (IMF). Govt aims to achieve a five trillion dollar economy soon. Furthermore, approximately 25 crore people were lifted out of poverty in the last nine years, with poverty rates decreasing from 29.2% in 2013-14 to 11.3% in 2022-23. Per capita income also saw a substantial 67% increase, rising from 68,572 in 2013-14 to 1,14,710 in 2024-25. The minister highlighted the successful implementation of the Goods and Services Tax (GST) with the consensus of all states and the increase in states' share of tax revenue from 32% to 41-42%. He also detailed govt's war on black money, which included demonetisation and banking reforms, leading to a significant increase in the number of taxpayers from 6.9 crore in 2014 to 15.7 crore in 2024-25. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending Local Enterprise Accounting Software [Click Here] Accounting ERP Click Here Undo Direct tax collection also surged by 220% during this period. In terms of social welfare, Reddy announced that the NDA govt provided free ration to 81 crore people and constructed four crore pukka houses for the poor. The Union minister for coal and mines also mentioned that the expansion of the Ayushman Bharat scheme that was to cover over 50 crore poor and middle-class citizens, was now extended to include all individuals above 75 years of age for free medical services. The number of AIIMS institutions grew from seven to 26.
Economic Times
38 minutes ago
- Economic Times
Private sector banks slash FD rates following rate cut
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Time of India
an hour ago
- Time of India
Centre may Crack Down on Dark Side of Qcomm Stores
The Centre may call for increased surveillance on rapid delivery outfits amid growing hygiene issues flagged by food and health watchdogs at dark stores run by quick commerce platforms. Senior officials in the consumer affairs ministry said the central government has taken cognisance of recent food safety complaints amid poor sanitary conditions at dark stores or warehouses from where such deliveries are made. The Food Safety and Standards Authority of India (FSSAI) is expected to take the lead on this campaign. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The agency, which comes under the aegis of the health ministry, is planning to step up unscheduled checks at quick commerce dark stores and other storage facilities across the country, officials said. The FSSAI is charged with establishing the standards for manufacture, storage, distribution, sale and import of food items. Live Events 'It's a work in progress… the government has been receiving several complaints from consumers as well as retailers and vendors,' a senior government official said. 'It's a serious issue that multiple departments will need to work together towards to address.' This follows raids by the Maharashtra Food and Drug Administration (FDA) in Mumbai and Pune at warehouses of quick commerce platforms Zepto and Blinkit that threw up multiple hygiene issues and violations of food safety norms. It led to the suspension of the dark store operators' licences. ET reported on June 7 that nearly a dozen packaged food companies have written to quick commerce platforms in the last two-three months, raising immediate concerns about lapses in storage and handling at dark stores, citing specific violations. Multiple food safety issues at these platforms had cropped up last year as well after the Telangana food safety commissioner conducted raids at Blinkit warehouses in the state and found violations. The FSSAI had last year asked state authorities to step up scrutiny of quick commerce dark stores after concerns over hygiene and the supply of products close to expiry. In the light of this, the FSSAI had also changed regulations, stipulating that ecommerce and quick commerce marketplaces have to ensure a minimum shelf life of 30% or at least 45 days before products expire at the time of delivery. Quick commerce executives said dark stores operate as per existing laws. 'There's a standard training that everyone working at our dark stores undergoes to ensure how certain items are to be dealt with,' said a senior Gurugram-based executive at a quick commerce firm. 'This includes food items that need to be handled and stored, keeping certain things in mind such as temperatures or hygiene.' Besides hygiene and food safety-related concerns, quick commerce firms had also recently come under the scanner for the use of dark patterns. On May 28, Union consumer affairs minister Pralhad Joshi had held a meeting on this issue that was attended by top consumer internet firms including Swiggy, Zomato and Blinkit parent Eternal, Flipkart, BigBasket, Tata 1mg, Ola and Rapido. The consumer affairs ministry has since intensified awareness campaigns about dark patterns, which refer to deceptive app design practices that mislead consumers into unintended actions. These include false urgency alerts, subscription traps, hidden costs added at checkout and stealth advertising to manipulate consumer decision making. On June 7, the ministry issued an advisory asking ecommerce platforms to conduct self-audits to identify dark patterns within three months and take action to ensure these are scrapped. The companies, based on these audit reports, will then have to provide a declaration that they weren't indulging in any dark patterns. Industry executives and brand founders told ET that the fast, yet 'unchecked' expansion of quick commerce platforms — that led to these marketplaces as well as brands scaling up quickly — could be at the heart of the matter. Brands of specific products that are more susceptible to hygiene issues, such as frozen foods and ice creams, have been working with quick commerce platforms to figure out optimal ways to store and deliver items. 'Earlier, quick commerce companies delivered our products along with soaps and shampoos… but we have been working with them to understand how ice creams need to be stored and delivered in separate containers,' the founder of an ice-cream brand told ET. This year, quick commerce platforms are expected to sell around ₹200 crore of ice-cream products each month during summer. The sector, which has attracted billions of dollars in investments, has undergone a rapid scale-up in the last year. According to a note by HSBC Global Research, quick commerce firms in India had around 1,800 dark stores at the end of FY24, which increased to more than 4,000 by the end of fiscal 2025. That's expected to reach 5,000-5,500 stores by the end of FY26. This includes the larger players such as Blinkit, Zepto and Instamart, in addition to the likes of Flipkart Minutes, BigBasket, Amazon Now and Reliance Retail. Quick commerce dark stores that have been around for at least 12 months easily clock over 1,000 orders every day. Segment leader Blinkit recorded 142 million orders on its platform in the March quarter.
