JPMorgan Bullish on Pharma Sector Stocks up by 4%; SAT Postpones Decision on Zee(-4.23%)

Government Launches Sovereign Gold Bond Scheme 2023-24 with Half-Yearly Interest Payments.

Market Summary

Closing Bell: Nifty below 18700, BANKNIFTY below 43500, Sensex tanks 300 pts, PSU, Private Bank slips.📉

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Market News

JPMorgan Bullish on Hospital Stocks: Apollo Hospitals(+4.19%), Fortis(+4.26%), Max Health(+0.27)and Medanta(-0.55%) in Focus.🚀

Godrej Properties(+4.19%) Seizes Growth Opportunity with High-Potential Land Acquisition of 9.8 lakh sq-ft in Kolkata.💸

Federal Reserve Holds Key Interest Rate Steady, at 5-5.25%, Hints Two Hikes by Year-End.🧾

SAT Postpones Decision on Zee Entertainment(-4.23%) Case, to Decide on Monday.📉

Kotak Mahindra AMC(-1.67%) Advises Increasing Exposure to Chemical Companies Amid Share Price Dip.📉

Setback for Coal India(-0.15%): Supreme Court Rules in Favor of CCI: Coal India's Appeal to be Assessed on Merits.🧾

Larsen & Toubro(+0.27%) Sets Sights on $20 Billion Hydrocarbon Orders, Aims for High Conversion Rate.💰📈

Axis Bank(-0.06%) Witnesses Massive Block Deal of Rs 2,178 Crore in Share Transaction.🧾

Lenskart Secures $100 Million Investment from Chrys Capital for Global Growth.💰

India Market Cap Hits Record High, Crosses Rs 292 Lakh Crore.