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BloombergQuint | Latest and Live Business, Market, Political and Economy News
02.06.2025
India’s contract development and manufacturing organisations are stepping up capacity expansion and technological capabilities, according to Morgan Stanley. The brokerage sees continued strength in the sector, with India steadily gaining global market share in outsourced pharma manufacturing.
The GIFT Nifty was indicating a negative start for the NSE Nifty 50 index. Asian share indices declined on Monday which may also exert pressure on the Indian stock markets as well. The key immediate support for the index 24,600.
The NSE Nifty 50 and BSE Sensex fell at open as HDFC Bank Ltd. dragged. Losses in Asian share indices on rising tension between the US and China on the trade front also pressured Indian benchmarks. The Nifty 50 was trading 118.25 points or 0.47% down at 24,623.70, and the Sensex was trading 414.38 points or 0.51% lower at 81,036.63 as of 10:46 a.m.
The shares of Niva Bupa Health Insurance Co. hit a nearly one-month low on Monday after multiple block deals. The stock fell nearly 12% as 5.17 crore shares changed hands in multiple block deals worth Rs 436 crore on the National Stock Exchange. According to the term sheet accessed by NDTV Profit, Fettle Tone LLP and Managing Director and Chief Executive Officer Krishnan Ramachandran were to sell 13.2 crore shares or 7.2% of equity.