When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
A survey reveals that 88.7% of Indian companies have expanded their external legal advisors in the last two to three years, with 64% changing their primary law firm. Poor service, quality issues, and unexpected costs are key factors driving this shift, as companies prioritize expertise, cost-effectiveness, and referrals when selecting legal representation.
A cocktail of heatwave and upcoming cricketing events is expected to usher in the peak season for the country s largest beer maker, United Breweries.
The beer maker, which has gained share in some key markets, will be a major beneficiary as April to July is an important period contributing to 40-45 per cent of its annual beer volumes.
Going ahead, the T20 Cricket World Cup in June and the ongoing IPL will have a positive impact on volumes and should be able to offset the negative impact of elections on sales, experts believe.
Axis Bank, SBI, Dr Reddy s Labs, JSW Steel and Nestle India were the biggest Nifty gainers, while losers included Kotak Mahindra Bank, LTIMindtree, HUL, SBI Life Insurance and Titan Company