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
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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CURRENT %CHANGE
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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 betterthan-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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