News for Poly Medicure Limited (POLYMED.NS)

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.

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.

In the Nifty 50 index, 30 stocks were trading in the green, while 20 stocks were trading in the red.

The Nifty Pharma index was trading 0.73 per cent at 22437.05.

Cipla, Dr. Reddys, Shriram Finance, ICICI Bank and SBI Life were among the top losers on NSE.

Indian ended flat on Tuesday, with the Nifty index extending its gains marginally. Analysts expect 25,200 to be key support, with resistance at 25,350-25,400 and a strong hurdle at 25,500. Mixed global signals and manufacturing slowdown contribute to market caution.

Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70

Out of the 2,667 stocks traded on the NSE, 1,478 advanced, while 1,111 declined, and 78 remained unchanged during the intra-day deals on Monday: Mid-market update

Buzzing Stocks Today, Stocks that will see action today: 20 August 2024 - Zomato, Bajaj Auto, PowerGrid, IndusInd Bank, Torrent Power, HCL Tech, Motilal Oswal, Hi-Tech, Olectra Greentech, Sequent Scientific, Poly Medicare, Vishnu Chemicals, Share India Securities, The Investment Trust of India, Hazoor Multi Tech, Finkurve Financial, Nucleus Soft, MRO-Tek

Stocks to Watch today, Monday, July 22: Mukesh Ambani-owned Reliance Industries Limited, last Friday, reported a 5.5% Y-o-Y decline in consolidated profit to Rs 15,138 crore in Q1FY25

Indian benchmark equity indices, Sensex and Nifty50, logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government.

The Nifty index ended flat after a strong initial hour of trading, facing resistance around 23,400. Despite this, the short-term trend remains positive as the index stayed above 23,300. In the near term, the index is likely to continue consolidating within the 23,300-23,500 range. A decisive breakout above 23,500 could potentially trigger a rally towards 23,800.