News for Poly Medicure Limited (POLYMED.BO)

Indian markets ended the week sharply lower as President Trumps retaliatory tariffs sparked global selloffs and recession fears. The Sensex fell 1.22%, and Nifty dropped below 23,000. Global indices mirrored the panic, while technical indicators signal further downside. Despite weak sentiment, select stocks like Emami and Rainbow Childrens Medicare showed buying interest, even as broader market breadth turned bearish.

Stocks including Coal India, Lupin, Power Grid, Indian Bank, Happiest Minds, GR Infraprojects, Anant Raj, MOIL and more will be in the spotlight on Monday, February 03.

This week, 748 companies will announce quarterly earnings, with key results expected from Asian Paints, Titan, Airtel, SBI, M&M, ITC, and LIC. Sector highlights include Power Grid, Divi's Labs, Tata Power, and Bharti Airtel, among others. Notable earnings announcements span from February 3 to February 8, indicating a busy week for the markets.

Stocks including HCL Technologies, DMart, Adani Wilmar, Indian Overseas Bank, Ola Electric, ICICI Lombard, Biocon, PCBL, and more will be in the spotlight on Monday, January 13.

Apart from geopolitical shifts as countries look to move supply chains away from China, India’s medtech industry can leverage the country’s cost advantage - a lower cost of manufacturing, software and hardware talent as well as a growing electronics ecosystem - to boost exports, Himanshu Baid said.

The Nifty continues to hold above the breakout from an inverse head-and-shoulders pattern, signaling strength in the market, said Rupak De, Senior Technical Analyst at LKP Securities. "In this scenario, a buy-on-dips strategy appears to be a wise approach, particularly with the possibility of a short-term move toward 25,500," De added.

Healthcare index on BSE drops, with top losers like Poly Medicure, Unichem Laboratories, and Wockhardt; some stocks gain.

Indian markets ended lower on Tuesday, breaking the two-day winning streak. Selling pressure in auto and pharma stocks weighed on the indices. The market took a pause after a recent rally. FIIs have turned net buyers, and the government's focus on execution and budget plans could be positive. However, the market remains cautious.

Indian markets rallied Monday on BJP's Maharashtra election win, with Sensex gaining 992.74 points to 80,109.85 and Nifty rising 314.65 points to 24,221.90. Analysts noted improved sentiment as Nifty crossed 21 EMA, with bullish RSI signals.

In the Nifty50 index, 41 stocks closed in the green, while 9 stocks ended in the red.

Indian indices, Sensex and Nifty, closed lower on Tuesday, driven by declines in banking, financial, and auto stocks. Sensex fell 821 points and Nifty dropped 258 points. October CPI inflation rose to 6.21%, fueling market concerns for Wednesday.

In the Nifty pack, 8 stocks closed in the green, while 42 stocks ended in the red.

Indian benchmark equity indices gained during a special one-hour "muhurat" trading session on Friday, marking the Diwali festival, driven by auto stocks boosted by positive monthly sales data.

As many as 97 stocks hit their 52-week high levels today. BSE 500 stocks such as Crisil, Fortis Healthcare, Jubilant Pharmova, Poly Medicure, Piramal Pharma, and Suven Pharmaceuticals hit their respective one-year high levels.

Indian benchmark indices experienced their worst monthly performance since March 2020 due to record foreign outflows and weak corporate earnings. The NSE Nifty 50 fell by 0.56% and the BSE Sensex dropped by 0.69%, both losing around 6% in October. Analysts anticipate continued volatility, with key support for Nifty at 24,000 and resistance at 24,500.

The Nifty Pharma index was trading 0.85 per cent at 22564.05.

The Nifty Bank index closed 0.98 per cent at 51807.50.

Cipla, Shriram Finance, SBI Life, Trent and HDFC Life were among the top losers on NSE in today's trade.

Gala Precision Engin, Jagsonpal Pharm, T T Ltd, Poly Medicure and UTI AMC, hit their fresh 52-week highs during the day.