Mon, Jul 22, 2024 3:28 PM
Pharma index gains more than 1% . Defensives in focus as markets break
A Flip by Riya Sharma
📈 Domestic benchmark indices closed on a flat note on 26 December, 2024. 📢 At 3:30 PM, the Sensex fell 0.39 points or 0.00% at 78,472.48, and the Nifty was higher by 22.55 points or 0.10% at 23,750.20. 📊Among sectoral, Nifty Auto (⬆️0.84%) turned out to be the best performer while Nifty FMCG (⬇️0.32%) saw considerable selling.
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Marriages might be made in heaven but for those on the earth, the occasion to celebrate the exchange of vows is back to being an expensive affair. And no one’s complaining. The average wedding budget is increasing to Rs 30 lakh, driven by metropolitan cities, rising gold prices, and a shift towards destination weddings and unique experiences.
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Newgen Software further extended its month-long rally that has taken the stock higher by 44%, after the company's wholly-owned subsidiary in Saudi Arabia bagged a purchase order valued at $2.27 million, or around Rs 19.32 crore, to be executed over one year. The shares of Newgen Software are nudging at life highs after solid gains in December, making it the top gainer of the month on NSE 500.
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