📊 Market Scorecard

🪙 Alternative Assets

🗞️ Today’s Highlights

• Stock Market LIVE: Sensex down 600 pts, Nifty near 24,000; Medplus Health shares drop 16%: Indian benchmark indices, Sensex and Nifty, experienced a significant decline today, with Sensex falling over 600 points and Nifty slipping below the 24,000 mark. Medplus Health shares saw a sharp drop of 16% amidst the broader market downturn.
• Indian pharma cos may yet survive Trump's 200% tariff bombshell: Despite US President Donald Trump's announcement of potential tariffs up to 200% on generic drugs, Indian pharmaceutical companies are expected to navigate the challenge due to their manufacturing cost advantage and existing US production facilities.
• FIIs pump $3 billion into Indian stocks, but bets remain selective.: Foreign Institutional Investors (FIIs) have injected $3 billion into Indian equities, indicating continued interest, but their investment approach remains selective across various sectors and stocks.

🏢 Corporate Action

• Adani Power: Adani Power reported a 42% year-on-year jump in Q1 profit to Rs 4,806 crore and announced board approval for a Rs 15,000 crore fundraise.
• Canara Bank: Canara Bank has informed the exchange about updated ratings from Fitch and Moody's, reflecting their latest assessment of the bank's financial health.
• CDSL: CDSL's share price declined after SEBI imposed a fine of ₹1 crore on the company related to a 2022 malware attack.