On Tuesday, 2624 stocks advanced, 1355 declined and 107 remained unchanged, with an advance decline ratio of 1.93x on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, 47 securities advanced and closed at a new 52-week high whereas 71 securities sank to close at their new 52-week lows. In sectoral indices, Nifty IT, Nifty Auto and Nifty FMCG were among the biggest losers. Nifty Energy, Nifty Media and Nifty Metal were among the biggest gainers.
HCL Technologies (-1.90%) and Pearson VUE, the global leader in computer-based certification and licensure exam delivery, entered into a strategic partnership to expand the distribution of certification products throughout India.
Alkem Laboratories (+0.65%) entered into a business transfer agreement with Rubicon Research to sell its manufacturing facility in Pithampur, Madhya Pradesh. The consideration received from the sale is Rs149 crore. The sale is part of an ongoing initiative of networking strategy and optimisation of manufacturing facilities.
Cipla (+0.41%) launched a mobile application designed to enable the first line of screening for asthma in India. According to the Global Burden of Disease report, the total asthma patients in India is estimated to be around 34.3 million. India has a three-fold higher mortality rate and two-fold higher asthma-associated disability burden compared to the global proportion.
Confidence Petroleum India (CPIL) (+2.23%) commissioned five CNG stations in the city of Bangalore. CPIL, in collaboration with GAIL, is dedicated to realizing its vision of transforming Bangalore into a green city.
Sudarshan Pharma Industries (+1.67%) entered into a rent agreement with Daundi Biological to acquire premises for a period of five years to set up a new research & development (R&D) formulation centre in the city of Dehradun, Uttarakhand, India. It is expected to commence the operations of the formulation R&D Centre in the month of March 2025.
Goldiam International (+18.74%) successfully launched its dedicated website for its domestic retail lab-grown diamond brand, ORIGEM, under the domain www.origemindia.com. The website will serve as a digital platform to showcase ORIGEM’s innovative product portfolio and its commitment to redefining luxury with sustainability at its core.
Biocon’s (+6.62%) subsidiary -- Biocon Biologics (BBL) has received an approval from the Pharmaceuticals and Medical Devices Agency (PMDA) of Japan for Ustekinumab BS subcutaneous injection [YD], a biosimilar to the reference product, Stelara (Ustekinumab). The biosimilar Ustekinumab has been developed and manufactured by the company and will be commercialized and marketed in Japan by the Company’s exclusive commercial partner, Yoshindo Inc.
Larsen & Toubro (L&T) (+1.11%) won new orders for its power transmission & distribution (PT&D) vertical in India and the Middle East. It has won an order to implement advanced distribution management system in West Bengal. This technology makes power distribution smarter by combining outage management system and distribution management system functionalities. Through real time monitoring and control of medium and low voltage networks, the reliability of the network will be enhanced with quick isolation of faults and faster restoration.
Zydus Lifesciences (+4.10%) entered into an agreement with CVS Caremark, a CVS Health company to add Zituvio, Zituvimet and Zituvimet XR (Sitagliptin / Sitagliptin and Metformin Hydrochloride) tablets to its template formulary. CVS Caremark will add the company’s Zituvio and combination products to its template formulary. According to IQVIA (MAT August-2023), U.S. market for DPP-IV inhibitors and their combinations is $10 billion.
Zaggle Prepaid Ocean Services (+2.15%) entered into an agreement with Kiranakart Technologies. Zaggle would provide Kiranakart Technologies, Zaggle Zoyer Petty cash & Zaggle Save (Employee expense management & benefits) propositions. The order is to be executed within three years
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: