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Page 20 - மோட்டிலால் ஒசுவள் பத்திரங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nifty Bank index hits over 1-month low; Bandhan, RBL Bank slip 5%

Shares of financials, including banks, were under pressure on Monday, with the Nifty Bank index, down 3 per cent, hitting an over one-month low after the Consumer Price Index (CPI) inflation hit a three-month high in February 2021, while Index of Industrial Production (IIP) recorded a contraction of 1.6 per cent in January. The pick-up in CPI inflation and the fall in IIP does not make the Monetary Policy Committee’s (MPC) task any easier. While we hope that IIP would return to positive territory in February, we expect inflation to edge up further to around 5.4 per cent in March. Accordingly, we expect the MPC to maintain status quo at its Apr’21 policy meeting, the Motilal Oswal Securities said in a note.

IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs

Gland Pharma Ltd : The Indian IPO that saw tepid bids 4 months ago is spinning money now

UltraTech crosses Rs 2 trillion m-cap, zooms 77% in 6 months

UltraTech Cement, on Friday, joined the elite club of companies with Rs 2-trillion market capitalisation (market-cap) on the BSE after the company s stock price rose 2.5 per cent and hit a new high of Rs 6,946 in intra-day trade. The stock has rallied 14 per cent in the current week, on robust demand and price hike reports. With the market-cap of Rs 2 trillion, at 10:19 am, UltraTech Cement became the first cement company to join the elite group of companies. In the past six months, the stock has outperformed the market by zooming 77 per cent, as compared to 32 per cent surge in the S&P BSE Sensex.

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