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Nifty Bank up over 1%. Top gainers in banking pack
Price as on 12 Feb, 2021 11:23 AM, Click on company names for their live prices.
NTPC Kameng project’s 4th 150 MW unit commercially operational
State-run power producer NTPC on Friday said the fourth 150 mega watt (MW) unit of Kameng Hydro-Electric Project of its subsidiary North Eastern Electric Power Corporation is commercially operational. Shares of NTPC Ltd were trading 0.98 per cent lower at Rs 96.35 apiece on the BSE.
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Strides Pharma receives USFDA approval for Prednisone tablets
Drug firm Strides Pharma Science on Friday said its subsidiary, Strides Pharma Global Pte Ltd, has received approval from the US health regulator for Prednisone tablets, prescribed for a variety of conditions, including allergies, respiratory illness and arthritis. Shares of Strides Pharma Science were trading 2.81 per cent higher at Rs 890.10 apiece on BSE.
Samir Arora on stock valuation
It is pretty amazing that some consumer companies in India from paints to biscuits to underwear trade at near 50 to… https://t.co/CKEfz419kb
— Samir Arora (@Iamsamirarora) 1613098552000
Stocks that hit 52-week high
Price as on 12 Feb, 2021 11:04 AM, Click on company names for their live prices.
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Top gainers in IT pack
Price as on 12 Feb, 2021 11:02 AM, Click on company names for their live prices.
Rupee gains 10 paise to 72.77 against US dollar
The rupee appreciated by 10 paise to 72.77 against the US dollar in opening trade on Friday supported by positive domestic equities and sustained foreign fund inflows. At the interbank forex market, the local unit opened at 72.79 against the US dollar, then inched higher to 72.77 against the greenback, registering a rise of 10 paise over its previous close.
The immediate supports for Nifty are placed around 15100 followed by 14975 whereas resistance is seen around the swing high of 15250 above which Nifty should resume momentum
– Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking
Most Asian markets shut
Markets in Greater China and most of Southeast Asia are closed on Friday for the Lunar New Year holiday.
US Dollar set to slide this week
US dollar is headed for its first losing week in three as new signs of weakness in the US jobs market dented investor expectations about the pace of a pandemic recovery.
Top gainers of the day
Price as on 12 Feb, 2021 10:33 AM, Click on company names for their live prices.
The premium on the unlisted shares of RailTel has surged to Rs 44-47 in the grey market, the unofficial market for trading in unlisted shares.
Impressive Q3 results have been supporting the markets in February. A distinct pattern has been the stocks of companies that declared good results selling off after the news. This can be because of the bulls unloading after the…
Go to the news source: Stock Market LIVE Updates: Sensex jumps over 200 points as IT stocks lead rally;…