Stock Market LIVE: Sensex gains 200 pt; Tata Consumer shines; Adani Ent drags

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Stock Market LIVE: Sensex gains 200 pt; Tata Consumer shines; Adani Ent drags

Sensex and Nifty open in green with a gain of around 100 and 40 points, respectively, on Thursday.

Rate hike worries might take a break.Share Market LIVE Updates: Indian stock markets are trading in the green on Thursday with Sensex up around 200 pts and Nifty 50 pts. PSU Bank and IT indices gain; Metal index drags. Tata Consumers and Apollo Hospitals shine in early trading, while Adani Enterprises slips. 

Investors can take a breather from future interest hike worries as Fed’s November meeting minutes showed interest rate hikes may slow soon. Other global indicators too mostly skewed on the positive side.

PSU Bank index zooms once again; gains more than a per cent in early trading with all stocks in green.

Tata Consumer shines in early trading, gains more than 2% amidst reports of acquisition of Bisleri.

Tata Consumer Products Ltd will buy Bisleri International for up to ₹7000 crore, the Economic Times newspaper reported on Thursday, citing the packaged water maker’s chairman Ramesh Chauhan. Tata Consumer Products and Bisleri did not respond to Reuters requests for comment. Tata Consumer was the top gainer among Nifty50 stocks today, rising over 2.5% in early trade.

India’s Pharma exports grow by 138 pc since 2013-14

India’s pharma exports have increased 138 per cent in April-October 2022-23 compared to the same period of 2013-14 when the country became the pharmacy for the world.

India’s pharma exports witnessed a growth of 138 per cent since April-October 2013-14, from ₹37,987.68 crores in 2013-14 to ₹90,324.23 crores in 2021-22.

Lump sum flows into MF equity schemes during November 2020

Lump sum inflows into the equity segment, excluding new fund offers (NFOs), stood at ₹17,900 crore in October, the lowest since November 2020, according to a report.

The slowdown has been on account of high net worth individuals (HNIs) waiting for a better entry point as the stock market nears the record high, weakness in inflows from rural customers, and reduced NFO activity in the equity segment, the report said.

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