Stock market update: Nifty Pharma index advances 1.74% in an upbeat market
Live Events
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
NEW DELHI: The Nifty Pharma index traded positive around 10:24AM(IST)on Wednesday in an upbeat market.Gland Pharma Ltd.(up 3.68 per cent), Torrent Pharmaceuticals Ltd.(up 3.24 per cent), Aurobindo Pharma Ltd.(up 2.53 per cent), Ajanta Pharma Ltd.(up 2.42 per cent) and Lupin Ltd.(up 2.28 per cent) were among the top gainers.J B Chemicals & Pharmaceuticals Ltd.(down 1.1 per cent) were the top losers on the index.The Nifty Pharma index was up 1.74 per cent at 21830.45 at the time of writing this report.Benchmark NSE Nifty50 index was up 220.4 points at 24904.3, while the BSE Sensex was up 718.33 points at 81904.77.Among the 50 stocks in the Nifty index, 47 were trading in the green, while 3 were in the red.Shares of Vodafone Idea, BEL, YES Bank, Eternal and Suzlon Energy were among the most traded shares on the NSE.Shares of SecMark Consultancy, Gabriel India, AB Infrabuild, Stampede Cap(DVR)and Paradeep Phosphates hit their fresh 52-week highs in today's trade, while Music Broadcast, Future Enterprises (DVR), Godha Cabcon & Insul, Aether Industries and Transwarr Fin hit fresh 52-week lows in trade.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Nykaa makes biggest physical expansion in retail space in FY25, adds 50 new stores
Nykaa's parent company, FSN E-Commerce, announced its Q4FY25 earnings, revealing a significant expansion of its retail presence with 50 new stores. The company reported a substantial 193% surge in net profit, reaching Rs 20 crore. Revenue from operations also saw a healthy 24% increase, climbing to Rs 2,062 crore, demonstrating strong financial performance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Falguni Nayar-led Nykaa on Friday said that the company clocked its highest ever physical expansion in FY25, with addition of 50 stores."Nykaa's offline network continues to get bigger every year and now spans 237 physical stores across 79 cities. Nykaa has significantly expanded its retail footprint - adding 50 stores in FY25– marking its highest ever physical expansion to date. Nykaa's profitable store network delivered 31% YoY GMV growth and 15% same-store sales growth (SSSG)," said the firm in its press statement. FSN E-Commerce , which operates Nykaa brand announced its Q4FY25 earnings on Friday where the company reported a net profit growth of 193 per cent to Rs 20 crore versus Rs 7 crore in the year ago period. The profit is attributable to the equity shareholders of the revenue from operations was reported at Rs 2,062 crore which was a 24 per cent uptick over Rs 1,668 crore reported in the corresponding period of the previous financial profit after tax was down by just over 2 per cent on a sequential basis versus Rs 26 crore reported in Q3FY25 while the revenue from operations declined 9 per cent over Rs 2,267 crore reported in the October-December quarter of the full financial year, the net profit stood at Rs 66 crore, up by 105 per cent versus Rs 32 crore posted by the company in FY25. The topline was up at Rs 7,950 crore in FY25 from Rs 6,386 crore in FY24, recording a growth of 24 per cent .The company incurred expenses of Rs 2,031 crore in Q4FY25, which was down on a sequential basis from Rs 2,228 crore in Q3FY25 and Rs 1,655 crore in Q4FY24. The expenses were made under the heads like cost of material consumed, purchase of traded goods, employee benefits expense and finance earnings were announced after market hours and Nykaa shares today ended at Rs 200.80 on the NSE, down by Rs 3.71 or 1.81 per cent over the Thursday closing price. The overall sentiments remained subdued today as the headline index Nifty today closed at 24,750.70, down 0.33 per cent .
Business Standard
an hour ago
- Business Standard
Sensex dips 182 pts, Nifty settles at 24,750 ahead of domestic GDP data
The domestic equity benchmarks ended with minor losses today as traders turned cautious ahead of the release of the domestic GDP data. The Nifty settled near the 24,750 mark. PSU bank and media shares advanced while metal, IT and auto shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex, declined 182.01 points or 0.22% to 81,451.01. The Nifty 50 index shed 82.90 points or 0.33% to 24,750.70. In the broader market, the S&P BSE Mid-Cap index fell 0.39% and the S&P BSE Small-Cap index added 0.17%. The market breadth was negative. On the BSE, 1,822 shares rose and 2,169 shares fell. A total of 128 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.08% to 16.08. IPO Update: The initial public offer (IPO) of Scoda Tubes received bids for 53,05,29,300 shares as against 1,18,46,169 shares on offer, according to stock exchange data at 15:20 IST on Friday (30 May 2025). The issue was subscribed 44.78 times. The issue opened for bidding on Wednesday (28 May 2025) and it will close on Friday (30 May 2025). The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof. Buzzing Index: The Nifty Metal index declined 1.69% to 9,193.25. The index slipped 1.28% in previous consecutive trading session. Jindal Stainless (down 3.87%), Vedanta (down 3.53%), Hindalco Industries (down 2.56%), Jindal Steel & Power (down 2.47%), National Aluminium Company (down 1.82%), NMDC (down 1.65%), Hindustan Copper (down 1.49%), Lloyds Metals & Energy (down 1.43%), Tata Steel (down 1.42%) and Hindustan Zinc (down 1.39%) tanked. Stocks in Spotlight: Bajaj Auto tanked 3.10%. The company's standalone net profit rose 6% to Rs 2,049 crore, while revenue from operations increased 6% to Rs 12,148 crore in Q4 March 2025 over Q4 March 2024. Welspun Living tumbled 10.04% after the company reported a 9.71% decrease in consolidated net profit of Rs 131.82 crore in Q4 FY25 as against Rs 146 crore in Q4 FY24. Revenue rose by 2.74% year-over-year to Rs 2,645.90 crore during the period under review. NBCC (India) soared 5.92% after the company reported a 29.27% increase in consolidated net profit of Rs 175.92 crore in Q4 FY25 as against Rs 136.08 crore in Q4 FY24. Revenue from operations rose 16.17% year on year (YoY) to Rs 4,642.55 crore in the quarter ended 31 March 2025. SJVN dropped 5.54% after the company reported consolidated net loss of Rs 127.60 crore in Q4 FY25 as against net profit of Rs 61.08 crore posted in Q4 FY24. However, revenue from operations rose by 4.45% year-over-year to Rs 504.40 crore during the period under review. Samhi Hotels rose 0.55%. The company reported a 305.93% surge in consolidated net profit to Rs 45.87 crore, while revenue from operations rose 14.2% to Rs 318.81 crore in Q4 March 2025 over Q4 March 2024. Ola Electric Mobility declined 5.11% after the companys consolidated net loss widened to Rs 870 crore in Q4 FY25, compared with a net loss of Rs 416 crore in Q4 FY24. Revenue from operations tumbled 61.8% YoY to Rs 611 crore in Q4 FY25. Landmark Cars fell5.16% to Rs 455.95 after the companys consolidated net profit declined 86.6% YoY to Rs 1.42 crore despite a 26.3% jump in revenue from operations to Rs 1,091.22 crore in Q4 FY25 over Q4 FY24. Sobha jumped 3.00% after the companys consolidated net profit surged 481.2% to Rs 40.86 crore on 62.6% increase in revenue from operations to Rs 1,240.62 crore in Q4 FY25 over Q4 FY24. Suzlon Energy surged 9.05% after the companys consolidated net profit surged 365.2% to Rs 1,182.22 crore on 73.2% jump in revenue from operations to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24. KNR Constructions declined 4.37% after the company's consolidated net profit tumbled 60.58% to Rs 139.24 crore on 31.03% decline in revenue from operations Q4 FY25 over Q4 FY24. Gujarat Pipavav Port surged 5.91% after the companys consolidated net profit jumped 70.68% to Rs 112.36 crore on 0.19% marginally rise in revenue from operations to Rs 251.77 crore in Q4 FY25 over Q4 FY24. Global Markets: European shares traded higher on Friday, shrugging off concerns over the re-imposition of U.S. tariffs by U.S. courts. Asian shares tumbled lower as investor sentiment remained cautious amid signs of a slowing U.S. economy, persistent inflation concerns, and uncertainty surrounding recent judicial developments linked to U.S. President Donald Trumps tariff policies. On Wednesday, the U.S. Court of International Trade ruled that Trump had exceeded his authority in imposing the so-called reciprocal tariffs and ordered them to be vacated. In response, the Trump administration filed an appeal, and by Thursday afternoon, an appellate court reinstated the levies. The administration indicated it may approach the Supreme Court as early as Friday to pause the lower courts decision. Australia's retail sales unexpectedly declined by 0.1% in April, snapping a three-month growth streak, driven by a drop in clothing purchases, as per data released by the Australian Bureau of Statistics. The decline follows a 0.3% growth in March, adding to expectations of potential rate cuts by the Reserve Bank of Australia. On a year-over-year basis, retail sales rose 3.8% in April, amounting to A$37.2 billion ($23.9 billion), slower than the 4.3% increase recorded in March. In regional economic data, Japans core consumer price index, excluding fresh food, rose 3.6% year-on-year in May, slightly higher than Aprils 3.4%, according to the Statistics Bureau. The countrys unemployment rate remained unchanged at 2.5% in April. South Korea reported a 0.9% decline in industrial production for April on a seasonally adjusted basis, following a 2.9% increase in March, according to data released by Statistics Korea. Despite the uncertainty, U.S. markets closed slightly higher overnight. The S&P 500 rose 0.4%, the Nasdaq Composite added 0.39%, and the Dow Jones Industrial Average gained 0.28%. However, gains were limited by investor caution surrounding the ongoing legal proceedings related to the tariffs.
Business Standard
2 hours ago
- Business Standard
Benchmarks tread water amid global jitters; Nifty holds 24,750
Domestic equity benchmarks closed with modest losses today as investors adopted a cautious stance ahead of India's GDP data release. Sentiment was also weighed down by global trade uncertainties after a U.S. federal appeals court upheld tariff measures introduced during President Trumps tenure. Traders are now eyeing several key economic indicators, including the U.S. PCE price index due later today, Chinas official PMI data expected over the weekend, and the RBIs policy decision scheduled for next Friday. The Nifty ended just shy of the 24,750 level. Metal, IT, and auto stocks came under pressure, while banking stocks provided some support with decent gains. The S&P BSE Sensex declined 182.01 points or 0.22% to 81,451.01. The Nifty 50 index shed 82.90 points or 0.33% to 24,750.70. Infosys (down 1.43%), Mahindra & Mahindra (down 0.90%) and ICICI Bank (down 0.73%) were major drags. In the broader market, the S&P BSE Mid-Cap index fell 0.39% and the S&P BSE Small-Cap index added 0.17%. The market breadth was negative. On the BSE, 1,826 shares rose and 2,160 shares fell. A total of 133 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.08% to 16.08. Economy: India's GDP growth touched a four-quarter high of 7.4% in Q4 FY25, with full-year growth ending at 6.5%, according to data released by the government today. The GDP growth, higher than the previous quarter of 6.4%, was lower than the 8.4% growth logged in Q4 FY24. Numbers to Track: The yield on India's 10-year benchmark federal paper added 0.16% to 6.192 from previous close of 6.182. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.5500, compared with its close of 85.4825 during the previous trading session. MCX Gold futures for 5 June 2025 settlement shed 0.33% to Rs 95,074. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.17% to 99.51. The United States 10-year bond yield rose 0.05% to 4.426. In the commodities market, Brent crude for July 2025 settlement rose 27 cents or 0.42% to $64.42 a barrel. Global Markets: European shares advanced on Friday, shrugging off concerns over the re-imposition of U.S. tariffs by U.S. courts. German retail sales fell by 1.1% in April compared with the previous month, data showed on Friday. Asian shares ended lower as investor sentiment remained cautious amid signs of a slowing U.S. economy, persistent inflation concerns, and uncertainty surrounding recent judicial developments linked to U.S. President Donald Trump's tariff policies. On Wednesday, the U.S. Court of International Trade ruled that Trump had exceeded his authority in imposing the so-called "reciprocal" tariffs and ordered them to be vacated. In response, the Trump administration filed an appeal, and by Thursday afternoon, an appellate court reinstated the levies. The administration indicated it may approach the Supreme Court as early as Friday to pause the lower courts decision. In regional economic data, Japans core consumer price index, excluding fresh food, rose 3.6% year-on-year in May, slightly higher than Aprils 3.4%, according to the Statistics Bureau. The countrys unemployment rate remained unchanged at 2.5% in April. South Korea reported a 0.9% decline in industrial production for April on a seasonally adjusted basis, following a 2.9% increase in March, according to data released by Statistics Korea. Despite the uncertainty, U.S. markets closed slightly higher overnight. The S&P 500 rose 0.4%, the Nasdaq Composite added 0.39%, and the Dow Jones Industrial Average gained 0.28%. However, gains were limited by investor caution surrounding the ongoing legal proceedings related to the tariffs. Stocks in Spotlight: Bajaj Auto tanked 3%. The company's standalone net profit rose 6% to Rs 2,049 crore, while revenue from operations increased 6% to Rs 12,148 crore in Q4 March 2025 over Q4 March 2024. Welspun Living tumbled 9.64% after the company reported a 9.71% decrease in consolidated net profit of Rs 131.82 crore in Q4 FY25 as against Rs 146 crore in Q4 FY24. Revenue rose by 2.74% year-over-year to Rs 2,645.90 crore during the period under review. NBCC (India) soared 6.23% after the company reported a 29.27% increase in consolidated net profit of Rs 175.92 crore in Q4 FY25 as against Rs 136.08 crore in Q4 FY24. Revenue from operations rose 16.17% year on year (YoY) to Rs 4,642.55 crore in the quarter ended 31 March 2025. SJVN dropped 5.70% after the company reported consolidated net loss of Rs 127.60 crore in Q4 FY25 as against net profit of Rs 61.08 crore posted in Q4 FY24. However, revenue from operations rose by 4.45% year-over-year to Rs 504.40 crore during the period under review. Ola Electric Mobility declined 4.26% after the companys consolidated net loss widened to Rs 870 crore in Q4 FY25, compared with a net loss of Rs 416 crore in Q4 FY24. Revenue from operations tumbled 61.8% YoY to Rs 611 crore in Q4 FY25. Landmark Cars fell 5.16% after the companys consolidated net profit declined 86.6% YoY to Rs 1.42 crore despite a 26.3% jump in revenue from operations to Rs 1,091.22 crore in Q4 FY25 over Q4 FY24. Sobha jumped 3% after the companys consolidated net profit surged 481.2% to Rs 40.86 crore on 62.6% increase in revenue from operations to Rs 1,240.62 crore in Q4 FY25 over Q4 FY24. Suzlon Energy surged 9.23% after the companys consolidated net profit surged 365.2% to Rs 1,182.22 crore on 73.2% jump in revenue from operations to Rs 3,773.54 crore in Q4 FY25 over Q4 FY24. KNR Constructions declined 4.48% after the company's consolidated net profit tumbled 60.58% to Rs 139.24 crore on 31.03% decline in revenue from operations Q4 FY25 over Q4 FY24. Gujarat Pipavav Port surged 5.58% after the companys consolidated net profit jumped 70.68% to Rs 112.36 crore on 0.19% marginally rise in revenue from operations to Rs 251.77 crore in Q4 FY25 over Q4 FY24. IPO Update: The initial public offer (IPO) of Scoda Tubes received bids for 63,46,36,200 shares as against 1,18,46,169 shares on offer, according to stock exchange data at 16:40 IST on Friday (30 May 2025). The issue was subscribed 53.57 times. The issue opened for bidding on Wednesday (28 May 2025) and it will close on Friday (30 May 2025). The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof.
