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NEW DELHI: Rate sensitive stocks in sectors such as auto, realty and banks were trading higher as the six-member monetary policy committee (MPC) of the Reserve Bank of India, headed by Governor Shaktikanta Das, on Wednesday maintained status quo on the policy rates.
The decision comes in the backdrop of a second wave of COVID-19 infections that has raised concerns over economic recovery.
Economists had expected the MPC to stand pat on policy rate as well as on growth projections for this financial year. The rate-setting panel also decided to stick with its “accommodative” monetary policy stance for “as long as necessary”.
Indian Bank (down 3.01 per cent) and
Canara Bank (down 2.73 per cent) were the top losers in the index. The Nifty PSU Bank index was trading 2.48 per cent down at 2228.45 around 02:10PM. Benchmark NSE Nifty50 index was down 121.85 points at 14788.6, while the BSE Sensex was down 342.13 points at 50021.83. Among the 50 stocks in the Nifty index, 6 were trading in the green, while 44 were in the red. Shares of Vodafone Idea, PNB, ITC, YES Bank and Tata Power were among the most traded shares on the NSE. Shares of Orchid Pharma , Dalmia Bharat, Adani Power, General Ins Corp and Intellect Design hit their fresh 52 week high in today s trade, while B C Power Controls Ltd., Sanginita Chemicals Ltd., Jiya Eco Products Ltd., Tembo Global Industries Ltd., Deep Energy Resources Ltd. and Marine Electricals (India) Ltd. hit fresh 52 week low in trade.
NEW DELHI: Nifty Pharma index was trading with losses at 01:50PM (IST) on Wednesday. Shares of Lupin (down 2.42 per cent), Cipla (down 2.06 per cent), Sun Pharma (down 2.0 per cent), Dr Reddy s Laboratories (down 1.77 per cent) and Cadila Healthcare (down 1.6 per cent) were the top losers in the index. While Aurobindo Pharma (up 0.78 per cent) were among the top gainers. The Nifty Pharma index was trading 1.3 per cent down at 11856.4 around 01:50PM. Benchmark NSE Nifty50 index was down 88.60 points at 14821.85, while the BSE Sensex was down 228.83 points at 50135.13. Among the 50 stocks in the Nifty index, 7 were trading in the green, while 43 were in the red.
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“Integrated Platform Management System Market Regional Analysis”
Integrated Platform Management System market was valued at US$ 3,314.3 million in 2019 and is projected to reach US$ 5,234.3 million by 2027 and is expected to grow at a CAGR of 5.8% during the forecast period.
The integrated platform management system (IPMS) is a complex control system solution developed for various types of naval vessels, including aircraft carriers, submarines, and frigates. The solution consists of electrical, damage control, propulsion, auxiliary, and HVAC systems integrated in a single solution. Integrating the system into aforesaid naval vessels removes standalone third party control equipment lowering cabling, weight, and space while offering better supportability. The growing focus on anti-submarine warfare and defense budgets and expenditures are the major factors expected to support the growth of the integrated platform management system market. The stagnant focus on the develop
NEW DELHI: Nifty IT index was trading with gains at 12:21PM (IST) on Tuesday. Shares of MPhasis (up 5.64 per cent), Coforge (up 5.06 per cent), Mindtree (up 3.22 per cent), HCL Technologies (up 2.64 per cent) and Tata Consultancy Services (up 1.9 per cent) were among the top gainers. The Nifty IT index was trading 1.81 per cent up at 26502.8 around 12:21PM. Benchmark NSE Nifty50 index was up 67.60 points at 14997.1, while the BSE Sensex was up 283.2 points at 50678.28. Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red. Shares of Vodafone Idea, PNB, Bank of Baroda, SAIL and Tata Power were among the most traded shares on the NSE.