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Subscribe to enjoy similar stories. New Delhi: Robust sales growth recorded by the Indian government’s generic pharmacy model will put pressure on trade margins in the retail medicine market because of the affordability and quality of the drugs sold, a top official said. The quality certified generic medicines sold at kendras (centres) operating under the Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) help to moderate the prices of medicines and create a benchmarking effect, Arunish Chawla, secretary of the Department of Pharmaceuticals, said in an interview toMint.

HDFC Asset Management Company Ltd. 0.01 per cent to Rs 4245.90 in Thursday's trade as of 11:59AM (IST). The stock hit a high price of Rs 4278.80 and low of Rs 4227.05 during the session. The return on equity (ROE) for the stock stood at 28.08 per cent. Traded volume on the counter stood at 11:59AM shares and turnover at Rs 1.27 crore around that time. The stock of HDFC Asset Management Company Ltd. quoted a 52-week high price of Rs 4862.00 and 52-week low prices of Rs 2850.05, respectively.

Bollywood movie--Baby John, starring Varun Dhawan. The other two are Hindi dubs--Allu Arjun’s Pushpa 2: The Rule (a Telugu original) and Disney’s Mufasa: The Lion King, with the titular character voiced by Bollywood star Shah Rukh Khan. With the trade talking up their chances, analysts estimate these three movies have the potential to collect close to Rs1,500 crore at the box office, with Pushpa 2 accounting for as much as two-thirds of this. The film will be released on December 5, Mufasa on December 20 and Baby John on December 25. “Pushpa 2 is the most anticipated film of the year,” said Gautam Dutta, CEO, revenue and operations, PVR INOX. “With its massive fan base eagerly waiting, the film is projected to be the highest grosser of the year. We are expecting house-full shows in cinemas across India.”

The S&P/ASX 200 index hit an all-time high of 8,477.10 earlier, its third this month and second this week. It ended the day with a 0.5% increase to 8,444.30.

Tata Power Company Ltd. 0.11 per cent to Rs 417.30 at 11:53AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 531,518 shares with a turnover of Rs 22.17 crore till 11:53AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 35.51, while the price-to-book value ratio stood at 3.89.

Onion prices are staying firm at a five-year high as a combination of strong export demand and delayed and damaged kharif crop due to prolonged monsoon rainfall has impacted an expected fall in prices post Diwali season. Onion prices are expected to return to comfortable levels by mid-December, trade insiders said. At the benchmark Lasalgaon market in Maharashtra’s Nashik district, onions traded in the range of Rs 15/kg to Rs 53/kg on Wednesday, while the average price was Rs 40/kg. The average wholesale price of the red onion at Lasalgaon was Rs 34/kg in 2020, Rs 21/kg in 2021, Rs 20/kg in 2022 and Rs 37/kg in 2023.

midcap stocks have outperformed the Nifty at an index level over the past year, there are 10 stocks that have been market laggards and have dragged down the Nifty Midcap 100 index. Vodafone Idea's 40% fall is the most notable, followed by IDFC First Bank and Bandhan Bank. Here's what to do with them: Other stocks include Tata Elxsi, Indraprastha Gas (IGL), AU Small Finance Bank, APL Apollo Tubes, Delhivery, Astral, and SBI Cards and Payment Services, which have fallen between 5% and 19% in the last 12 months.

HDFC Bank's market capitalization reached Rs 14 lakh crore for the first time on Thursday after the stock of India's largest private lender hit a fresh record high of Rs 1,836.05 on the BSE. The market cap peaked at Rs 14,00,710 crore but later slipped below this level amid profit-taking in the broader markets.

NTPC Green Energy rose 4% in today's session, reaching a high of Rs 127.55 on the BSE, after the company announced that it had successfully commissioned the first part of the 105 MW Shajapur Solar Project, with a capacity of 55 MW. “In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that consequent upon successful commissioning, first part capacity of 55 MW out of 105 MW Shajapur Solar Project (Unit-I) at Shajapur, M.P of NTPC Renewable Energy Limited (a wholly-owned subsidiary of NTPC Green Energy Limited), is declared on Commercial Operation w.e.f. 00:00 Hrs. of 29.11.2024,” said the company in a filing.

REC Ltd. 0.96 per cent to Rs 531.50 in Thursday's trade as of 11:41AM (IST). The stock hit a high price of Rs 535.50 and low of Rs 524.45 during the session. The return on equity (ROE) for the stock stood at 20.56 per cent. Traded volume on the counter stood at 11:41AM shares and turnover at Rs 11.12 crore around that time. The stock of REC Ltd. quoted a 52-week high price of Rs 653.90 and 52-week low prices of Rs 331.85, respectively.

Honasa Consumer (Mamaearth) hit 10% upper circuit at Rs 251.5 in Thursday's trade backed by heavy volumes on the NSE. A total of 17.6 lakh equity shares worth Rs 43.94 crore changed hands so far. This rally came after the stock had been under significant pressure. Honasa's share price had fallen nearly 40% over the past month and more than 50% in the last three months. It also dropped below its IPO price of Rs 324 earlier this month.

MOIL Ltd.(up 2.81%), Oriental Trimex Ltd.(up 1.95%), Sandur Manganese & Iron Ores Ltd.(up 1.74%), Pokarna Ltd.(up 1.65%), Ashapura Minechem Ltd.(up 1.12%), KIOCL Ltd.(up 1.05%), The Orissa Minerals Development Company Ltd.(up 0.87%), NMDC Ltd.(up 0.51%), Madhav Marbles & Granites Ltd.(up 0.38%) and Gujarat Mineral Development Corporation Ltd.(up 0.35%) were among the top gainers.

HDFC Securities on Thursday dismissed rumors circulating on social media suggesting that it is closing its franchisee business due to compliance issues. The brokerage firm clarified that its decision to pause new franchise partnerships, made earlier this year, was a strategic move to streamline operations and enhance service quality. In an official statement, HDFC Securities stated, “We are aware of inaccurate messages circulating on WhatsApp and social media suggesting we are closing our franchisee business due to compliance issues. We want to clarify that our decision to pause partnerships was a strategic move rather than being related to compliance concerns.”

Brigade Enterprises Ltd.(up 2.4 per cent), Prestige Estates Projects Ltd.(up 2.06 per cent), Phoenix Mills Ltd.(up 1.96 per cent), Macrotech Developers Ltd.(up 1.48 per cent) and Godrej Properties Ltd.(up 0.79 per cent) were among the top gainers.

Is crypto just a fleeting trend or a revolution shaping the future of global finance? To understand this, one has to delve into the nuances essential for unlocking its true potential. That’s where Crypto ki Paathshala steps in—a game-changing initiative by Mudrex, in collaboration with The Economic Times, designed to make cryptocurrency accessible, actionable, and empowering. On 14th December, the smart city of Ahmedabad will host this exclusive seminar and workshop, tailored for everyone from curious beginners to seasoned traders. Whether you’ve only heard the buzz about Bitcoin or are keen to diversify your investment portfolio, this is your opportunity as Crypto ki Paathshala is set to demystify crypto and take charge of your financial journey.

Bandhan Bank Ltd. traded 0.46 per cent at Rs 172.10 at 10:55AM (IST) on Thursday, even as BSE benchmark Sensex 655.83 points to 79578.25. The scrip had settled at Rs 171.30 in the previous session. The stock quoted a 52-week high price of Rs 263.15 and 52-week low of Rs 163.00, respectively. As per BSE data, total traded volume on the counter till 10:55AM (IST) stood at 134837 shares with a turnover of Rs 2.33 crore.

TIPS Music, Saregama India, and Zomato are capitalizing on this surge, with high-profile events featuring artists like Coldplay and Diljit Dosanjh fuelling this boom, as ticket prices for these events skyrocket up to Rs 1 lakh. The live music and concert market in India has transitioned from a niche sector to a mainstream phenomenon, thanks to a growing appetite for both international and homegrown talent, increasing disposable incomes, a growing Gen Z audience, and collaborations between event organizers and digital platforms.

On the BSE, Novateor Research(down 17.67 per cent), Looks Health Services(down 14.97 per cent), AccelerateBS India(down 12.23 per cent), Superior Finlease(down 10.11 per cent) and 3P Land Holdings(down 9.36 per cent) were among the stocks that plunged over 5 per cent during the session.

Domestic benchmark index NSE Nifty fell 196.81 points to 24078.1, while the BSE Sensex traded 689.69 points down at 79544.39.

Adani Energy Solutions Ltd.(up 10.00%), Adani Green Energy Ltd.(up 10.00%), Adani Power Ltd.(up 9.55%), Inox Wind Ltd.(up 5.28%), Reliance Power Ltd.(up 4.99%), Ravindra Energy Ltd.(up 4.69%), Jaiprakash Power Ventures Ltd.(up 4.15%), Jyoti Structures Ltd.(up 4.09%), KPI Green Energy Ltd.(up 3.89%) and Gujarat Industries Power Company Ltd.(up 3.04%) were among the top gainers.

Siemens Ltd. traded at Rs 7537.55 on BSE at 10:25AM (IST) on Thursday, 1.45 per cent from previous close. The stock quoted a 52-week low price of Rs 3577.95 and a high of Rs 8129.95.