{"id":7610,"date":"2021-11-17T16:20:34","date_gmt":"2021-11-17T10:50:34","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=7610"},"modified":"2021-11-17T16:22:06","modified_gmt":"2021-11-17T10:52:06","slug":"pharma-and-banking-stocks-drag-sensex-nifty-down-apollo-hospitals-lt-tech-wabag-in-focus-today","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/pharma-and-banking-stocks-drag-sensex-nifty-down-apollo-hospitals-lt-tech-wabag-in-focus-today\/","title":{"rendered":"Pharma and banking stocks drag Sensex, Nifty down; Apollo Hospitals, L&T Tech, Wabag in focus today"},"content":{"rendered":"\t\t
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Benchmark equity indices closed lower for the second day, weighed by oil and gas stocks, pharma as well as banking stocks. The Sensex closed 0.52% lower at 60008.33 and Nifty fell 056% to 17898.65.<\/p>

Top losers were BSE Oil & Gas index (-1.39%) BSE Telecom (-1.02%), Nifty Pharma (-1.28%), Nifty Bank (-0.69%). Gainers were BSE Power index (0.63%), Nifty Auto (0.71%).<\/p>

Indian rupee rose 10 paise to close at 74.27 against the US dollar on Wednesday.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Stock in News Today<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Apollo Hospitals<\/strong>: Shares of the hospital chain rallied for the fourth day and closed 1.5% higher at Rs 5733.95 after the company reported robust results last week. The company posted a profit after tax of Rs 267.41 crore in Q2FY22 from Rs 58.99 crore in the year-ago period.<\/p>

L&T Technology Services<\/strong>: The company shares closed 5.75% higher after the company has been chosen as an engineering partner by Mavenir and NVIDIA. \u00a0It will support Mavenir with customisation, integration and deployment of Artificial Intelligence applications for deployment on NVIDIA’s AI-on-5G platform.<\/p>

VA Tech Wabag<\/strong>: The company shares rose for the second day in a row and \u00a0ended 3.73% higher, after Japanese research firm Nomura raised target price to Rs 581 and maintained a buy rating following Wabag\u2019s strong quarterly results. The net profit rose to Rs 25.93 crore in Q2FY22 from Rs 13.93 crore in Q2FY21.<\/p>

JSW Steel<\/strong>: The company said that\u00a0it has been selected in the S&P Dow Jones Sustainability Index (DJSI) for the Emerging Markets for 2021.\u00a0The steel maker is one of the 15 companies from India and one among the three steel companies from emerging markets to make it to the DJSI EM Index. The index, which is the benchmark for ESG-based investing, comprises of 108 companies globally.<\/p>

IndiGo<\/strong>: The airline is considering to charge passengers for check-in luggage as a potentially price war brews in India\u2019s tough air travel market, Bloomberg reported. Chief Executive Officer Ronojoy Dutta said that the company has been talking to the government about it.<\/p>

Tata Motors<\/strong>: The company\u2019s deal with private equity firm TPG is ‘credit positive’, according to credit rating agency Moody’s Investors Service, as the deal can help the automaker to scale up its electric vehicle business. Tata Motors\u2019 EV subsidiary EVCo \u00a0plans to create a portfolio of EVs and dedicated battery electric vehicle platforms.<\/p>

SpiceJet<\/strong>: The airline said that Boeing had agreed to settle the pending claims related to the grounding of Boeing\u2019s 737 MAX aircraft, Reuters reported. This will allow the resumption of new aircraft deliveries from SpiceJet’s order of 155 MAX aircraft, the airline said.<\/p>

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tOpen a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Benchmark equity indices closed lower for the second day, weighed by oil and gas stocks, pharma as well…","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[44],"tags":[46,43,78,26,77,24,23],"class_list":{"0":"post-7610","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-eveninger","7":"tag-market-news","8":"tag-market-update","9":"tag-nifty","10":"tag-nse","11":"tag-sensex","12":"tag-share-market","13":"tag-stock-market","14":"cs-entry","15":"cs-video-wrap"},"yoast_head":"\nPharma and banking stocks drag Sensex, Nifty down; Apollo Hospitals, L&T Tech, Wabag in focus today - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"Benchmark equity indices closed lower for the second day, weighed by oil and gas stocks, pharma as well as banking stocks. 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