Alcohol stocks rallied up to 7% after Karnataka announced major policy changes in its state budget. The government will no longer control liquor prices and has introduced alco-beer tourism, opening new growth opportunities for alcohol companies.
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The change is aimed at simplifying the investment process for overseas based Indians and improving ease of access to India’s domestic capital markets.
According to the Finance Minister, the Bio Pharma Shakti initiative is designed to support research, manufacturing capacity, innovation, and scale across the bio pharma value chain.
The EBITDA margin was better at 78% against 72.6% during the same quarter last year, reflecting better operational efficiency.
This comes under the overall vision of the government in making India a great sporting nation and motivating youth talent with better infrastructure and training facilities.
In the Union Budget 2025, the Finance Minister has made following key announcements for Education, Healthcare, and Infrastructure sectors:
The Finance Minister stated that there will be no income-tax for individuals earning up to ₹12 Lakh annually.
Indian Benchmark indices ended sharply lower on June 23, 2026, as a 10% crash in South Korea's Kospi, weakness in IT stocks following Accenture's cautious outlook, and renewed concerns over higher US interest rates triggered broad-based selling. Nifty fell 278.80 points to 23,824.10, while Sensex declined 893.39 points to 76,200.68. Metal and IT stocks led losses, while Pharma emerged as the lone sectoral gainer amid defensive buying.
Sensex fell 948 points and Nifty dropped 298 points amid global market weakness, FII selling, and sector-wide pressure in IT and metals. Here’s a detailed breakdown of key reasons and outlook.
Indian benchmark indices ended higher for the fifth consecutive session as lower crude oil prices, easing geopolitical tensions, and optimism surrounding the India-UK Free Trade Agreement supported investor sentiment. Banking, realty, cement, and pharma stocks drove the rally, while IT stocks remained under pressure following hawkish US Federal Reserve commentary.
CDSL shares rose on positive investor sentiment driven by upcoming meetings with global institutional investors such as Citadel and Millennium Partners, robust financial performance, and SEBI's approval of key leadership appointments. The developments have strengthened confidence in the depository's growth prospects and governance framework.
Indian Benchmark indices ended sharply lower on June 23, 2026, as a 10% crash in South Korea's Kospi, weakness in IT stocks following Accenture's cautious outlook, and renewed concerns over higher US interest rates triggered broad-based selling. Nifty fell 278.80 points to 23,824.10, while Sensex declined 893.39 points to 76,200.68. Metal and IT stocks led losses, while Pharma emerged as the lone sectoral gainer amid defensive buying.
Sensex fell 948 points and Nifty dropped 298 points amid global market weakness, FII selling, and sector-wide pressure in IT and metals. Here’s a detailed breakdown of key reasons and outlook.
Indian benchmark indices ended higher for the fifth consecutive session as lower crude oil prices, easing geopolitical tensions, and optimism surrounding the India-UK Free Trade Agreement supported investor sentiment. Banking, realty, cement, and pharma stocks drove the rally, while IT stocks remained under pressure following hawkish US Federal Reserve commentary.
CDSL shares rose on positive investor sentiment driven by upcoming meetings with global institutional investors such as Citadel and Millennium Partners, robust financial performance, and SEBI's approval of key leadership appointments. The developments have strengthened confidence in the depository's growth prospects and governance framework.
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