The National Stock Exchange has decided to include only those stocks available in the derivatives segment in its Nifty Next 50 index, effective September 29, 2023. The new move is to ensure the index constituent's liquidity and ease of index replication by passive funds. Nifty Next 50 represents the balance of 50 stocks from the Nifty 100 index after excluding the Nifty 50 stocks.
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Pharmaceutical major Aurobindo Pharma reported better-than-expected earnings for Q4FY23. Moreover, the company also has strong investment plans in place, having invested Rs 190 crore in the biosimilar segment so far. The management also updated that the drugmaker's ambitious Rs 2,000 crore Penicillin G (Pen G) plant in Andhra Pradesh was also on the path of commissioning in FY25.
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Indian market is likely to consolidate on Tuesday tracking mixed global cues. Check out these stocks from various experts for traders who have a short-term trading horizon: 🎯BEL 🎯Coal India 🎯Deepak Nitrite 🎯Hindustan Unilever 🎯Hero Motocorp 🎯Tata Power 🎯RBL Bank 🎯IDFC First Bank 🎯Reliance Industries 🎯Eveready Industries
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