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Gift Nifty Trades Marginally Lower | L&T Technology Partners NVIDIA | BSE 100 Index Rejig | Top Buzzing Stocks Today
Tue, 21 Nov Pre-Open

L&T Technology Partners NVIDIA | BSE 100 Index Rejig | Top Buzzing Stocks Today

On Monday, Indian share markets displayed volatility as the session progressed but ended lower.

Equity benchmark indices ended lower weighed by losses in banking and financial stocks as investors assessed the impact of the central bank's tighter rules for personal loans on lenders.

At the closing bell on Monday, the BSE Sensex stood down by 140 points (down 0.2%).

Meanwhile, the NSE Nifty closed lower by 38 points (down 0.2%).

Coal India, and Wipro were among the top gainers.

M&M and Adani Enterprises, on the other hand, were among the top losers.

Broader markets ended on positive note. The BSE MidCap index ended flat and the BSE SmallCap index ended 0.4% higher.

Sectoral indices ended mixed with stocks in the IT sector and telecom sector witnessing buying. Meanwhile stocks in the auto sector and FMCG sector witnessed selling pressure.

Shares of Coforge, JK Cement and CAMS hit their 52-week high on Monday.

The rupee was trading at 83.34 against the US$.

Gold prices for the latest contract on MCX were trading 0.1% lower at Rs 60,662 per 10 grams at the time of Indian market closing hours on Monday.

At 7:55 AM today, the Gift Nifty was trading 9 points lower at 19,798 level.

Indian share markets are headed for a muted opening today following the trend on Gift Nifty.

Speaking of stock markets, Co-head of Research at Equitymaster Rahul Shah talks about taking more exposure to stocks right now or waiting for the markets to correct, in his latest video.

Tune in for more.

Top buzzing stocks today

NMDC share price will be in focus today.

India's largest iron ore producer National Mineral Development Corporation (NMDC), shifts its focus to different classes of customers and tweaks its offerings based on their needs.

The Navratna PSU has signed up McKinsey & Company and Deloitte to study the market and customer requirements for the next five years and come up with a marketing policy over the next few months.

Blue Dart will also be a top buzzing stock.

Blue Dart slipped into the red after gaining over 1% intraday on 20 November. The logistics company has partnered with India Post to offer customers digital parcel lockers at select post offices.

Recipients can retrieve Blue Dart shipments from digital parcel lockers by using an assigned code to open the locker at various post offices. The deliveries can be collected at any time, and only authorised personnel can access the packages.

Why Mankind Pharma Share Price Is Rising

Shares of Mankind Pharma surged close to 4% to touch an all-time high of Rs 1,998, yesterday after the pharmaceutical company was added to the FTSE All-World, Large-Cap, Total-Cap, and All-Cap indices, marking a significant recognition for the Indian company.

The Index is a market-capitalisation-weighted index representing the performance of large, mid and small-cap stocks globally.

The index covers developed and emerging markets and is suitable as the basis for investment products, such as funds, derivatives and exchange-traded funds.

The entry of Mankind Pharma into the Large-Cap index is noteworthy as it underscores the company's position as one of India's leading pharmaceutical players with a significant market valuation.

Apart from Mankind, eight more companies have been added to the index, and no Indian company was removed during this update cycle.

The company has products in therapeutic areas ranging from antibiotics to gastrointestinal, cardiovascular, dermal, and erectile dysfunction medications.

It has one of the largest distribution networks of medical representatives in the Indian pharmaceutical market.

For more, check out Equitymaster's powerful stock screener to find the top pharma companies in India.

BSE 100 Index Rejig

The S&P BSE 100 index will see a dynamic shift as seven counters, including Yes Bank, TVS Motor, IDFC First Bank and others, will join the index while Bandhan Bank, ACC, Voltas and four other stocks are slated to make their exit.

On 17 November, Asia Index Private, a partnership between S&P Dow Jones Indices and BSE, announced the reconstitution results of several BSE indices, including S&P BSE 100, S&P BSE SENSEX 50, and S&P BSE SENSEX Next 50. The changes will be made effective at the opening of Monday, 18 December 2023.

Tata Elxsi, Adani Power, Voltas, Bandhan Bank, Mphasis, Crompton Greaves Consumer Electricals and ACC are to be dropped from the index. TVS Motor, Hindustan Aeronautics, Power Finance Corp, Yes Bank, APL Apollo Tubes, Persistent Systems and IDFC First Bank will replace the counters on the S&P BSE 100 index.

On the index of the top 50 stocks, BSE Sensex 50, UPL and Dabur India will be removed and replaced with LTIMindtree and Bharat Electronics.

Previously, the BSE Sensex index saw a change, following the merger of HDFC and HDFC Bank.

L&T Technology Partners NVIDIA

Larsen and Toubro Technology Services on Monday announced a collaboration with NVIDIA to develop software-defined architectures for medical devices focused on endoscopy, which will enhance the image quality and scalability of products.

This comes as an answer to the industry-wide challenges of availability, cost, and dependencies linked to custom and proprietary hardware components.

The architecture is a scalable platform that supports multiple applications, providing a real-time decision-making tool for the medical fraternity.

Developed from the ground up, the architecture boasts an image processing pipeline for noise reduction, edge and contrast enhancement, texture and colour enhancement, and speckle correction.

What sets it apart is its inclusion of AI/ML models developed for the detection, identification, and classification of polyps - abnormal growths often found during colonoscopies.

The solution also stands out for its user-friendly interface and seamless integration of the image processing pipeline for visualisation.

It promises low-latency data transfer, superior image processing without performance bottlenecks, and scalability

The collaboration leverages the NVIDIA Holoscan and NVIDIA IGX Orin platforms, featuring ultra-low latency in data transfer, superior image processing, and scalability to support multiple AI-enabled applications.

This helps ensure enhanced visualisation for image processing and AI-based decision-making support, such as for polyp detection and classification.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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