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Given the weak summer and lower volumes, any sales recovery ahead could still hurt margins, says Praveen Sahay, Research Analyst at Prabhudas Lilladher Capital.

PPFAS Mutual Fund did not hold any stake in Zydus Wellness prior to Tuesday’s block deal. In case it did, it would have been below 1% as its name does not feature in the shareholding pattern.

CLSA has an ‘Outperform’ rating on Bandhan Bank with high conviction. The brokerage said that strong price action in the stock following the recent RBI policy announcement.

The benchmark BSE Sensex fell 139 points, or 0.17%, to close at 81,445, while the NSE Nifty 50 lost 41 points, or 0.17%, ending the session at 24,812. However, the Nifty Bank index bucked the broader trend, climbing 115 points…

The auto sector is witnessing positive sentiment after sources told CNBC-TV18 that India may turn to Australia as an alternative source for rare-earth magnets.

Imports also fell 12.96% year-on-year to $1,689.61 million (₹14,393.12 crore), down from $1,941.29 million (₹16,184.80 crore) last year.

Shares of HDFC Bank were trading largely unchanged at a price of ₹1,926.90 in the last-hour trading session on Tuesday. 

Last month that the Vadodara-based company announced that it had received approval for Bosutinib Tablets (Bosutinib Tablets, 100 mg and 500 mg), a drug used in the treatment of blood cancer, from the US FDA.

On the infrastructure front, BSE plans to add 200 more racks by the end of the financial year. These efforts are aimed at deepening and broadening the derivatives market, which has been key to the exchange’s market share growth.

Mihir Vora, Chief Investment Officer of Trust Mutual Fund, noted that a steady stream of inflows from domestic sources like SIPs (systematic investment plans), pension funds, EPF, and insurance continues to widen the investor base in India, keeping market sentiment…