Tue, Nov 19, 2024 3:48 PM
Kabra Commercial Standalone September 2024 Net Sales at Rs 4.73 crore
A Flip by Shubhangi Gupta
Foreign institutional investors (FIIs) have increased their long positions in stock futures to nearly 60 percent, signalling a potential market turnaround after the recent sell-off. The NSE Nifty 50 ended its seven-day losing streak on November 19, 2024, closing at 23,518.5, up 0.28 percent. Analysts say 23,500 is a crucial level to hold for the index to build on the recovery.
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Typically, the best cure for high prices is simply higher prices, a lesson gold is learning the hard way. Since the prospect of a second Donald Trump presidency became a reality, the shiny pet rock has been hit by a double whammy. A decline of $220 per troy ounce, or 8%, since the end of October may seem minor in the context of it still being up more than 25% this year.
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Strides Pharma has announced the approval from National Company Law Tribunal (NCLT) for OneSource - India's first specialty pharma CDMO - bringing together its specialized businesses, the company said on November 19.This integration is backed by an equity commitment of Rs 801 crore ($95 million) from a clutch of investors, valuing the company at a pre-money equity valuation of $1.65 billion.
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