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#740 Daily Money Show | Money Purse Stock Market News
Original: # 740 Daily Money Show | Money Purse Stock Market News
Takeaway
Pre-Budget jitters pressured indices but Suzlon, Orchid Pharma and Shakti Pumps showed strong stock-specific positives.
Summary
- Sensex -801 to 71,139; Nifty -215 to 21,522; midcap -0.41%; smallcap and Bank Nifty flat; Reliance/Bajaj Finance/ITC dragged 100 pts
- Pre-Fed meeting and Feb 1 Union Budget anticipation drove caution; volatility expected
- Suzlon won 642 MW order from EVREN for 214 wind turbines (3MW each) to AP project — stock rallied
- Rain Industries dropped 4%+ — postponed Dec quarter results to Feb 23 citing interest rate/energy price volatility and macro headwinds
- Orchid Pharma got European Medical Agency approval for indigenous antibiotic Exblifep (UTIs, pneumonia, bacteremia) — stock hit 20% upper circuit; Zee-Sony NCLT hearing March 12; KEC International won ₹1,304 crore orders; Shakti Pumps got 46 acres for capacity expansion
budgetsuzlonorchid pharma
Original description
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