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Market Updates

The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 141 points lower at 19,512 on monday.

Container Corporation of India:

Export-Import volumes rose 3.5% year on year to 9.7 lakh TEUs, and domestic volumes rose 26.13% to 2.61 lakh TEUs in the second quarter.

Mazagon Dock Shipbuilders:

The company has signed a Letter of Intent with a European client for the construction of six firm and four optional units of 7,500 DWT multi-purpose hybrid power vessels. The prices for the vessels would be decided after the signing of the contract.

Star Health:

The company gets a Rs 39 crore show cause cum demand notice from DGGI for for non-payment of GST on co-insurance premiums from July 2017 to March 2023.

Phoenix Mills:

Total consumption in Q2 of FY24 rose 20% year on year to Rs 2,637 crore. Retail collections rose 23% year on year to Rs 638 crore in the second quarter.

Genus Power Infrastructures:

The company's unit received two LoAs worth Rs 3,115 crore for the design of advanced metering infrastructure systems with the supply, installation and commissioning of 34.8 lakh smart prepaid meters.

Dilip Buildcon:

The company has received a LoA for an order worth Rs 396.9 crore from Water Resources Zone, Udaipur. The EPC turnkey order is expected to be completed within 44 months. The order includes the planning, design and construction of Dewas III and IV Dams in TehsilGogunda Udaipur.

Dhanuka Agritech:

The company launches a new product named Semacia, which is a broad-spectrum insecticide against lepidopteran insect pests on a range of crops.

Pharma Stocks:

The Indian pharma market reported low sales growth of 2.1% YoY in September, according to data from All Indian Origin Chemists and Distributors.

Life Insurance stocks:

Revenue of the life insurance industry declined by 16% YoY in September, according to the Life Insurance Council's data.

Glenmark Life Sciences:

The company has declared an interim dividend of Rs 22.50 per share for FY24. The record date will be Oct. 17, and the interim dividend will be paid by Oct. 23.

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