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Wave Life Sciences shares plunged ​58% on Thursday after a higher dose of its experimental obesity drug failed to show a clear improvement at reducing a dangerous type of belly fat.
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Indian benchmark indices rallied for a second session, led by banks, auto and consumer stocks. Nifty climbed above 23,300 while Sensex reclaimed 75,000. Analysts see near-term bullish momentum, though global uncertainties, volatility and resistance levels may cap further upside.
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Chennai Petroleum Corporation announced an interim dividend of Rs 8 per share for FY 2025-26, payable by April 25. Shares remain strong, up over 60% in a year, trading above key moving averages.
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Nifty extended gains for a second session, led by banks, auto and consumer stocks amid easing Middle East tensions. Analysts see bullish momentum sustaining above key support, with upside potential if resistance levels are crossed, while highlighting selective stock buying opportunities.
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Shares of ​Kodiak Sciences surged 68.6% to their highest in more than ​four years on Thursday after the drug developer’s experimental drug met the main goal in a late-stage study in patients with diabetes-related eye damage.
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