Sensex and Nifty Hold Steady; KIOCL Temporarily Suspends Mangalore Plant Operations

10 Jan 2024 , 01:49 PM

Sensex and Nifty remain steady amid a downturn in Asian markets, with investors cautious ahead of inflation data and key earnings reports this week.

Banks and utilities are the main laggards in the current session, while the broader market shows underperformance compared to the benchmarks.

The Sensex drops by 124.14 points (0.17%) to 71,262.07, and the Nifty is down by 48.30 points (0.22%) at 21,496.50.

Market activity sees 1603 advancing shares, 1631 declining shares, and 66 shares remaining unchanged.

KIOCL temporarily suspends the Pellet Plant Unit in Mangalore due to a shortage of iron-ore fines, with plans to notify exchanges upon resumption.

Pondy Oxides and Chemicals signs an MoU with the Tamil Nadu government for a Rs 300 to 500 crore investment in a recycling and manufacturing plant, expecting to employ 1200 people.

Lupin announces the launch of Varenicline Tablets, 0.5 mg and 1 mg, approved by the USFDA for smoking cessation treatment, the generic equivalent of Chantix Tablets of PF Prism C.V.

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