Indices at previous closing
Nifty50: 14,324 ▼ -224 (-1.5%)
Sensex: 48,440 ▼ -740 (-1.5%)
Nifty Bank: 33,006 ▼ -286 (-0.8%)
In the news
Cadila gets tentative approval for 2 HIV drugs
- The pharma major has received a tentative approval from the USFDA for its Emtricitabine and Tenofovir Disoproxil Fumarate tablets, used for treating HIV.
- The company will manufacture the drugs at its facility in Ahmedabad. Shares of Cadila Healthcare, the listed entity of the Zydus Group, closed 2% lower yesterday.
Jubilant FoodWorks to bring Popeyes to India
- Food services major has signed an exclusive master franchise agreement to own and operate the Popeyes restaurant chain in India, Bangladesh, Nepal and Bhutan.
- Popeyes is a US multinational fast-food chain, which has over 3,400 restaurants in over 25 countries around the world. Shares of Jubilant FoodWorks fell 1.3% in a weak market yesterday.
H.G. Infra wins NHAI road project in AP
- Jaipur-based H. G. Infra has emerged as the lowest bidder for six-laning a section of the Raipur-Vishakhapatnam Economic Corridor.
- The NHAI project is reportedly valued at ₹1,060 crore and is expected to be completed over a period of two years. The stock has risen nearly 30% so far in 2021.
Barbeque Nation IPO receives muted response
- The IPO of Barbeque Nation Hospitality was subscribed nearly 2 times on Day 2. The ₹452 crore public issue consists of a fresh issue of ₹180 crore.
- Today is the last day to bid for the IPO, and you can subscribe to it on Upstox.
Sectoral indices (25 March)
| Top gainers | Top losers |
| Nifty Metal ▲ 0.0% | Nifty Media ▼ 3.0% |
| NA | Nifty Auto ▼ 2.7% |
Global markets (at 8:30 am)
| Indices | Today's movement |
| Nikkei 225 (Japan) | ▲ 1.5% |
| Hang Seng (Hong Kong) | ▲ 0.9% |
| SSE Composite (China) | ▲ 1.0% |
| Dow Jones (US) (25 March) | ▲ 0.6% |
Fact of the day
Opened in 1869, the Suez Canal is a vital trade link between Asia and Europe. About 12% of all global trade is said to pass through the nearly 200km-long canal. The current blockage is costing the world an estimated $400 million per hour.
Yay ? or ? Nay?
We'd love your thoughts on this morning update.
If you haven't already, open your Upstox account to get IPO-ready today! Click here to sign up.
Disclosures and Disclaimer
Investment in securities markets are subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.