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MARKET WRAP
The Sensex was up 267.35 points or 1.1 percent at 23649.22 and the Nifty was up
83.30 points or 1.2 percent at 7191.75. About 1419 shares have advanced, 1118
shares declined, and 147 shares are unchanged.
Dr Reddy Labs, ONGC, Hindalco, Hero MotoCorp, ICICI Bank were top gainers while
Maruti, BHEL, Axis Bank, Reliance and Adani Ports were losers in the Sensex.
BROAD MARKET INDICES
INDEX P. CLOSE OPEN HIGH LOW CLOSE %CHANGE
NIFTY 50 7,108.45 7,177.40 7,215.15 7,127.85 7,191.75 1.17%
NIFTY NEXT 50 17,227.60 17,398.05 17,480.10 17,156.50 17,323.95 0.56%
NIFTY100 LIQ15 2,651.95 2,687.60 2,704.20 2,635.85 2,651.85 0.88%
NIFTY MIDCAP 50 2,781.90 2,812.00 2,837.95 2,752.20 2,797.65 0.57%
Contact No. +91-903-977-7700 www.moneyclassicresearch.com
ASIAN INDEXES
INDEX OPEN HIGH LOW CLOSE %CHANGE
NIKKEI 225 16,138.08 16,337.59 16,118.80 16,196.80 2.28%
HANG SENG 19,409.21 19,436.39 19,266.22 19,363.08 2.32%
TAIWAN 8,261.74 8,337.97 8,261.74 8,314.67 1.22%
SSE 2,881.78 2,893.21 2,857.70 2,862.84 -0.16%
INDIAN MAJOR SECTORAL INDICES
INDEX P. CLOSE OPEN HIGH LOW CURRENT %CHANGE
NIFTY BANK 14,119.85 14,301.75 14,385.65 14,180.90 14,298.15 1.26%
NIFTY FIN SERVICE 5,906.85 5,977.75 5,993.75 5,910.70 5,950.15 0.73%
NIFTY PHARMA 11,148.10 11,315.75 11,446.80 11,252.45 11,371.35 2.00 %
NIFTY IT 10,502.45 10,554.55 10,723.40 10,554.45 10,702.25 1.90%
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STOCK UPDATE
Monsanto India Falls 4% as Competition Watchdog
Orders Probe
Shares of agri-biotechnology major Monsanto India fell by 4 per cent today after fair
trade regulator CCI ordered a detailed probe against its US-parent joint venture
Mahyco Monsanto Biotech India Limited (MMBL).
Finding prima-facie violation of competition law, CCI has ordered a detailed probe
into alleged abuse of dominance by the Indian arm of the US-based genetically
modified seed giant Monsanto. The stock fell by 3.99 per cent to Rs 1,900.20 -- its 52
-week low -- on BSE. On NSE, it slipped 3.37 per cent to hit one-year low of Rs 1,910.
Contact No. +91-903-977-7700 www.moneyclassicresearch.com
STOCK UPDATE
Cipla advances 2% on acquisition of two US
companies
Shares of Cipla gained 2 percent intraday Thursday on acquisition of two US
companies. The company's UK arm, Cipla (EU) has completed the acquisition of two
US-based companies, InvaGen Pharmaceuticals Inc., and Exelan Pharmaceuticals Inc.
The acquisition was made by Cipla (EU) through a wholly owned special purpose
vehicle which would merge into InvaGen Pharmaceuticals Inc. after the acquisition.
The combined revenue for the two companies for the year-ended 2015 is over USD
230 million.
Umang Vohra, Global Chief Operating Officer, Cipla said, "The acquisition will further
stre gthe Cipla’s prese e i the US phar a euti al arket. I vaGe ’s ala ed portfolio, robust manufacturing base and strong R&D capabilities will act as lever to
expand Cipla’s rea h i the US arket."
Contact No. +91-903-977-7700 www.moneyclassicresearch.com
RECOMMENDED
ZEEL:-
BUY ZEEL AROUND 374-375 TGT 378/381/384 SL 368.
At support of 200 days moving averages and trndlines. Uptrend in daily trend. Rsi also show
buying signal and macd also in crosses zero level for buy signal.
Contact No. +91-903-977-7700 www.moneyclassicresearch.com
RECOMMENDED
WIPRO:-
BUY WIPRO AROUND 530-532 TGT 537/542/547 SL 520.
At support of 200 days moving averages and trndlines. Uptrend in daily trend. Rsi also show
buying signal and macd also in crosses zero level for buy signal.
Contact No. +91-903-977-7700 www.moneyclassicresearch.com