Stock Market Live Update: Apollo Hospital Enterprise Approves Separate Listing Of Its Omni-Channel Pharmacy
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Apollo Hospital Enterprise has approved separate listing of its omni-channel pharmacy and digital health businesses
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The company is to spin off digital health, pharmacy distribution, and telehealth.
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These businesses will form a new entity, NewCo.
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The goal is to unlock value through direct listing.
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Transaction to be done within 18–21 months
Gold Price Rises For Second Day
Gold prices advanced for a second day in a row Tuesday amid focus on US trade tariffs as deadline looms closer.
Gold future was trading 0.40% higher at $3,316.38 an ounce as of 7:51 a.m.
Oil Prices Continue To Slide On Improved Supply Outlook
Oil prices in the international markets decline for second session in a row as supply is expected to increase. Organization of Petroleum Exporting Countries and allies will likely deliver a fourth-major output increase in the upcoming meeting on weekend, according to Bloomberg Survey.
Brent crude’s oil future was trading 1.79% down at $66.40 a barrel as of 7:39 a.m.
Asia Market Update: Mixed As Traders Focus On US Tariff Outlook
Asia-Pacific markets were trading on a mixed note Tuesday as traders assessed what the US will do about the tariffs once the deadline expires on July 9.
US Treasury Secretary Scott Bessent said that some of countries are negotiating with good faith. However, tariffs could roll back to the levels announced on April 2.
The Nikkei 225 was trading 1% down on concern over tariffs as the US President Donald Trump threatened to levy more tariffs on Japan.
The S&P ASX 200 and KOSPI were trading 0.17% and 1.67% higher, respectively as of 7:29 a.m.
US Market Update: S&P 500 And Nasdaq 100 Futures Trade Flat
US futures were trading on a muted note early morning Tuesday as market participants focus on trade tariffs. On Monday, the S&P 500 and Nasdaq Composite notched a fresh high.
On Monday, S&P 500 ended 0.52% higher at 6,204.95, and the Nasdaq Composite ended 0.47% higher at 20,369.73. The Dow Jones Industrial Average ended 0.63% higher at 44,094.77.
GIFT Nifty Implies Positive Open; L&T, Wipro & Federal Bank Shares In Focus
The GIFT Nifty was trading 0.08% or 20.50 points higher at 25,652.50 as of 6:41 a.m., which implied a higher start for the NSE Nifty 50 index.
Traders will monitor Larsen & Toubro Ltd., Federal Bank Ltd., and Wipro India Ltd. share prices because of the business-related news flow.
Indian benchmark equity indices closed with losses on Monday, led by share prices of Tata Consumer Ltd. and Axis Bank Ltd.
The NSE Nifty 50 ended 120.75 points, or 0.47% lower at 25,517.05, while the BSE Sensex closed 452.44 points, or 0.54% down at 83,606.46.
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