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MARKET WRAP
The market has ended at lower levels, falling 2.6 percent in last three sessions. The
Sensex closed down 315.68 points or 1.3 percent at 24223.32, and the Nifty slipped
93.75 points or 1.3 percent at 7361.80. About 593 shares have advanced, 2075
shares declined, and 95 shares are unchanged.
HUL, TCS and Bajaj Auto were top gainers while BHEL, Tata Steel, NTPC, ICICI Bank
and Axis Bank were major losers.
BROAD MARKET INDICES
INDEX P. CLOSE OPEN HIGH LOW CLOSE %CHANGE
NIFTY 50 7,455.55 7,392.45 7,419.40 7,350.30 7,361.80 -1.26%
NIFTY NEXT 50 18,098.60 17,925.55 18,039.40 17,824.30 17,859.55 -1.32%
NIFTY100 LIQ15 2,717.85 2,692.15 2,697.65 2,664.35 2,668.30 -1.82%
NIFTY MIDCAP 50 3,086.15 3,007.35 3,009.40 2,961.90 2,965.65 -2.59%
Contact No. +91-903-977-7700 www.moneyclassicresearch.com
ASIAN INDEXES
INDEX OPEN HIGH LOW CLOSE %CHANGE
NIKKEI 225 17497.41 17515.68 17080.57 17191.25 -3.15%
HANG SENG 18910.88 19032.71 18764.82 18991.59 -2.34%
TAIWAN 8117.22 8117.22 8036.60 8063.00 -0.84%
SSE 2719.57 2746.07 2696.88 2739.85 -0.35%
INDIAN MAJOR SECTORAL INDICES
INDEX P. CLOSE OPEN HIGH LOW CURRENT %CHANGE
NIFTY BANK 15,068.00 14,897.40 14,947.80 14,777.75 14,834.05 -1.55%
NIFTY FIN SERVICE 6,344.00 6,284.40 6,285.20 6,233.65 6,244.20 -1.57%
NIFTY PHARMA 11,425.75 11,399.20 11,487.95 11,318.85 11,343.90 -0.72%
NIFTY IT 11,242.10 11,179.75 11,218.45 11,065.80 11,122.25 -1.07%
Contact No. +91-903-977-7700 www.moneyclassicresearch.com
STOCK UPDATE
Suzlon Energy Shares Post Biggest Intraday Fall in
Three Years
Suzlon Energy shares crashed 19 per cent today to hit a fresh 52-week low.
Wednesday's fall is the biggest for Suzlon since February 28, 2013, when shares in
the wind turbine maker ended 34 per cent lower at Rs 16.
Suzlon shares were headed for their third straight fall following the company's
quarterly earnings announcement on Friday. The stock has shed 32 per cent over the
three-day period.
Suzlon posted a net loss of Rs 113 crore in the December quarter, while its revenue
plunged 62 per cent to Rs 1,891 crore. Suzlon missed revenue estimates by over Rs
150 crore, according to analysts polled by Thomson Reuters.
Contact No. +91-903-977-7700 www.moneyclassicresearch.com
Bajaj Finance Q3 Net Up 58% at Rs 408 Crore
Bajaj Finance on Wednesday reported 58 per cent jump in net profit at Rs 408 crore
for the quarter ended December on higher operating income.
The company's net profit stood at Rs 258 crore during the corresponding quarter of
the previous fiscal.
"Total income for the third quarter of 2015-16 is up by 39 per cent to Rs 2,069 crore
from Rs 1,485 crore in the third quarter of 2014-15," the company said in a
regulatory filing.
Its income from operations rose to Rs 1,971.71 crore during the quarter under
review as against Rs 1,416.43 crore in the same quarter last fiscal.
Contact No. +91-903-977-7700 www.moneyclassicresearch.com
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