Stock Market NSE BSE Nifty: Sensex Over 600, Nifty 14,500

Stock Market NSE BSE Nifty: Indian equity benchmark indices traded higher today led by across the board gains amid positive global cues. Broader markets, smallcap and midcap indices supported the rally. Banks, metals, pharma and auto stocks saw the most gains.

Stock Market NSE BSE Nifty

Shares of Reliance Industries Ltd (RIL) gained almost 3 percent on Monday after the company and BP announced the commencement of production from the Satellite Cluster gas field in block KG D6 off the east coast of India.

RIL and bp have been developing three deep-water gas developments in block KG D6 – R Cluster, Satellite Cluster and MJ – which together are expected to produce around 30 mmscmd (1 billion cubic feet a day) of natural gas by 2023, meeting up to 15 percent of India’s gas demand, RIL said in a regulatory filing.

Stock Market NSE BSE Nifty Today Updates: The company’s subsidiary Biocon Biologics announced that Abevmy 100 & 400 mg, a biosimilar of Bevacizumab co-developed with Viatris Inc. has received marketing authorization approval from the European Commission following the positive recommendation by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency.

Stock Market NSE BSE Nifty
  • Save

Stock Market NSE BSE Nifty All Updates

ICICI Prudential is well-positioned for medium to long term growth, given its continued focus on diversifying product mix with an increasing share of margin accretive protection business, improving VNB margin, ongoing investments in its multi-channel distribution platform with greater thrust on digitization, cost management efforts, healthy capital position and significant under penetration in domestic life insurance industry. We continue to remain positive on the company and maintain our Buy rating with a revised target price of Rs 592 per share.

ICICI Prudential is well-positioned for medium to long term growth, given its continued focus on diversifying product mix with an increasing share of margin accretive protection business, improving VNB margin, ongoing investments in its multi-channel distribution platform with greater thrust on digitization, cost management efforts, healthy capital position and significant under penetration in domestic life insurance industry. We continue to remain positive on the company and maintain our Buy rating with a revised target price of Rs 592 per share.

Stock Market NSE BSE Nifty: Sensex Over 600, Nifty 14,500 via @MasterMindUpdate
  • Save
Share via
Copy link