Mumbai, April 15 (IANS) Indian equity markets opened on a strong note on Wednesday, with both benchmark indices rallying sharply amid easing geopolitical concerns after signals of a possible de-escalation in tensions between the United States and Iran.Investor sentiment improved after US President Donald Trump indicated that the conflict with Iran could be nearing its end, raising hopes of stability in global markets.During early trade, the Nifty surged 1.61 per cent, or 392.75 points, to trade …
Latest Pharma sector News & Updates
New Delhi, April 14 (IANS) Prime Minister Narendra Modi on Tuesday said that India’s pharma sector is moving up from the pharmacy of the world to a hub of innovation.Highlighting the country’s growing focus on research-driven growth, PM Modi highlighted India’s transition from a global supplier of affordable medicines to an emerging centre of pharmaceutical innovation.Sharing an article authored by Union Health Minister Jagat Prakash Nadda, he said that India’s pharma sector is steadily …
New Delhi, April 7 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank’s $70 per barrel assumption, a report said on Tuesday.”Current oil prices are 50 per cent above RBI’s assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening,” the report from SBI Mutual Funds said.The AMC firm noted metals and mining as sectoral…
Mumbai, March 24 (IANS) Indian stock markets ended the session on a strong note, with benchmark indices closing near their day’s highest levels, supported by gains in auto and banking stocks.Positive sentiment among investors was also driven by hopes of easing geopolitical tensions between the United States and Iran, despite mixed signals from both sides.The Nifty rose sharply by 399.75 points, or 1.78 per cent, to settle at 22,912.40. The Sensex also posted solid gains, climbing 1,372.06 poin…
New Delhi, March 21 (IANS) Union Minister Dr Jitendra Singh on Saturday said that India is steadily evolving into a robust pharma economy, which could help as a significant contributor to the country’s overall GDP.During his address at a ‘Healthcare Summit’ here, the minister stated the nation’s pharmaceutical, medtech and manufacturing ecosystem is positioning the country as a key global manufacturing hub — particularly in high-quality, affordable healthcare solutions.The minister said that …
Mumbai, Feb 6 (IANS) The Indian equity markets posted moderate losses in the early session on Friday, as investors waited for cues from the RBI Monetary Policy Committee (MPC) decision on the key repo rate.As of 9.25 am, Sensex lost 134 points, or 0.16 per cent, to 83,179, and Nifty eased 56 points, or 0.22 per cent to 25,586.Main broad-cap indices posted strong losses, as the Nifty Midcap 100 eased 0.48 per cent, and the Nifty Smallcap 100 edged down 0.97 per cent.Major sectoral indices traded …
New Delhi, Feb 1 (IANS) The Confederation of All India Traders (CAIT) on Sunday welcomed the Union Budget 2026–27, describing it as inclusive and growth-oriented, with a strong focus on trade, industry, exports and ease of doing business.Speaking to IANS, CAIT Secretary General and BJP MP Praveen Khandelwal said, “Under the leadership and guidance of Prime Minister Narendra Modi, the budget presented by Finance Minister Nirmala Sitharaman can be summarised in two words: inclusive and decisiv…
Mumbai, Jan 16 (IANS) The Indian benchmark indices traded with gains on Friday, buoyed by crude oil prices falling overnight and indication of the European Union (EU) and India signing a free trade agreement (FTA) later this month.As of 9.25 am, Sensex added 239 points, or 0.29 per cent to reach 83,622 and Nifty advanced 50 points, or 0.2 per cent to 25,715.Main broad cap indices performed in line with benchmark indices, with the Nifty Midcap 100 adding 0.35 per cent, and the Nifty Smallcap 100 …
Mumbai, Dec 30 (IANS) Indian benchmark indices ended Tuesday’s session almost flat, but with a slight negative tone, as gains in PSU banks, metal and auto stocks were offset by selling pressure in IT, FMCG, realty and pharma shares.The Sensex closed at 84,675.08, slipping 20.46 points or 0.02 per cent, while the Nifty settled marginally lower at 25,938.85, down 3.25 points or 0.01 per cent.“The Nifty has also slipped below the 21 EMA, reinforcing the short-term downtrend. Immediate support i…