8th FEB 2016

Husains

MARKET WRAP

The market ended with big gains. The Sensex is up 278.54 points or 1 percent at

24616.97 and the Nifty is up 85.10 points or 1.1 percent at 7489.10. About 1577

shares have advanced, 1046 shares declined, and 151 shares are unchanged.

Lupin, Axis Bank, Tata Steel, Cipla and Dr Reddy's Labs were top gainers while GAIL,

Maruti, Adani Ports, NTPC and Wipro were losers in the Sensex.

BROAD MARKET INDICES

INDEX P. CLOSE OPEN HIGH LOW CLOSE %CHANGE

NIFTY 50 7,404.00 7,418.25 7,503.15 7,406.65 7,489.10 1.15%

NIFTY NEXT 50 17,858.15 17,931.85 18,316.90 17,886.55 18,269.55 2.30%

NIFTY100 LIQ15 2,675.05 2,686.80 2,768.90 2,675.65 2,759.15 3.14%

NIFTY MIDCAP 50 2,941.70 2,954.65 30,33.30 3,880.30 30,23.25 2.77%

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ASIAN INDEXES

INDEX OPEN HIGH LOW CLOSE %CHANGE

NIKKEI 225 16,790.53 16,893.12 16,627.80 16,819.59 -1.32%

HANG SENG 19,287.36 19,397.88 19,230.00 19,288.17 0.55%

TAIWAN 8,117.22 8,117.22 8,036.60 8,063.00 -0.84%

SSE 2,783.08 2790.06 2,762.16 2,763.95 -0.61%

INDIAN MAJOR SECTORAL INDICES

INDEX P. CLOSE OPEN HIGH LOW CURRENT %CHANGE

NIFTY BANK 14,869.15 14,928.25 15,211.90 14,980.90 15,162.05 1.97%

NIFTY FIN SERVICE 6,267.90 6,289.20 6,404.30 6,284.00 6,389.25 1.94%

NIFTY PHARMA 11,215.50 11,250.20 11,686.40 11,145.90 11,652.40 3.90%

NIFTY IT 11,213.65 11,222.20 11,285.10 11,188.45 11,227.55 0.12%

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STOCK UPDATE

Lupin Q3 Beats Estimates, Shares Soar 10%

Lupin shares surged nearly 10 per cent to Rs 1,815 on Friday after it reported better-

than-estimated earnings for the October-December.

The Mumbai-based pharma company reported a consolidated net profit of Rs 530

crore in the December quarter, which was lower than the year-earlier quarter's

numbers but was higher than the Street's estimates.

Its revenues rose to Rs 3,358 crore, boosted by a big jump in other income of Rs 198

crore.

Lupin's EBITDA or operating margin of 25 per cent also positively surprised the

Street as against expectations of 22 per cent, said Praful Bohra, pharma analyst at

Religare.

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Reliance Infra Surges 6% on Cement Deal with Birla

Corp

Shares of Reliance Infrastructure today surged six per cent after the company sold its

cement business arm to Birla Corporation for Rs 4,800 crore, a deal that will help the

Anil Ambani-led Group lower its debt burden.

The stock gained 5.59 per cent to Rs 432.80 on BSE. At NSE, shares of the company

surged six per cent to Rs 433.65.

"RInfra announced the signing of share purchase agreement with Birla Corporation

Limited, the flagship company of the M P Birla Group, in relation to 100 per cent sale

of its subsidiary RCCPL," the Reliance Group company said in a statement yesterday.

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