Mon, Nov 20, 2023 4:04 PM
Taking Stock: Market ends lower for second day; auto, FMCG a major drag
A Flip by Avya Verma
Equity markets continued their winning streak for the sixth consecutive day on Tuesday. Analysts said the global and domestic markets made a smart comeback as investors remained convinced that the rate-hike cycle has ended. Going forward, investors will take cues from US Service PMI and Jolt Jobs data, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
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Eicher Motors has long been synonymous with the premium motorcycle segment in India, maintaining a market share of about 90 percent. It has held an undisputed leadership position in the over 250cc sector for more than a decade. However, this dominance is currently facing a potential challenge as two established players seek to make inroads into the market.
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Sun Pharmaceutical Industries, Inc., on December 6, announced that it has entered into a licensing agreement with Aclaris Therapeutics, Inc., a clinical-stage biopharmaceutical company specialising in the development of innovative drugs for immuno-inflammatory diseases. Under the terms of the agreement, Aclaris has exclusively granted Sun Pharma the rights to specific patents.
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