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Gold prices plunged Rs 700 to Rs 79,000 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. The precious metal had ended at Rs 79,700 per 10 grams on Friday.

Quadrant Future Tek on Monday said it has raised over Rs 130 crore from anchor investors a day before its initial share sale opening for public subscription.

Indian indices plunged on Monday, led by concerns over the emergence of HMPV cases. The Sensex fell 1258 points, and Nifty closed at 23,616. A large bearish candle suggests strong resistance. Support at 23,460 is crucial; a breach could trigger a sharper correction.

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In response to reports of a Rs 1,000 crore IPO, BPCL confirmed that its board has approved the proposal, pending regulatory and other approvals. According to an ET report, BPCL, GAIL India, and IGL are planning to list their joint venture city gas distribution company in the upcoming fiscal year.

A "Turnaround Story YoY" refers to a company shifting from a net loss in the same quarter last year to a net profit this quarter, indicating a strong financial recovery and improvement.

Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, the telcos said in separate regulatory filings on Monday.

Sensex and Nifty fell over 1.6%, but select stocks gained despite the selloff. ITI Ltd surged 20%, healthcare stocks rallied on virus-related news, and Titan rose 2.3% on strong Q3 growth. ICICI Bank provided benchmark support.

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The BSE Sensex dropped 1,258.12 points (1.59%) to 77,965, while the Nifty fell 388.70 points (1.62%) to 23,616.

Stock market update: Nifty Pharma index 0.82%

Updated at : 2025-01-06 17:20:02

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The Nifty Pharma index closed 0.82 per cent at 23073.05.

So, Jubilant Food being the largest player, it has shown definitely a momentum and there is no other pizza player which is actually close to that. But definitely we expect QoQ improvement in the like-to-like growth for all the companies in the QSR space.

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