15th FEB 2016
Husains
MARKET WRAP The market has posted biggest weekly losses since July 2009. The Sensex ended up 34.29 points or 0.1 percent at 22986.12 and the Nifty was up 4.60 points at 6980.95. About 898 shares have advanced, 1684 shares declined, and 133 shares are unchanged. Tata Motors, Bharti Airtel, M&M, Axis Bank and NTPC are top gainers while BHEL, Adani Ports, ONGC, Hindalco and L&T were losers in the Sensex.
BROAD MARKET INDICES INDEX
P. CLOSE
OPEN
HIGH
LOW
CLOSE
%CHANGE
NIFTY 50
6,976.35
7,023.65
7,037.80
6,869.00
6,980.95
0.07%
NIFTY NEXT 50
17,028.45
17,151.45
17,153.05
16,607.80
17,031.95
0.02%
NIFTY100 LIQ15
2,543.40
2,580.15
2,584.10
2,494.35
2,558.60
0.60%
NIFTY MIDCAP 50
2,749.85
2,766.25
2,767.55
2,633.10
2,723.45
-0.96%
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ASIAN INDEXES INDEX
OPEN
HIGH
LOW
CLOSE
%CHANGE
NIKKEI 225
15,426.27
15,437.22
14,865.77
14,952.61
-4.84%
HANG SENG
18,278.80
18,482.33
18,278.80
18,319.58
-1.22%
TAIWAN
8,117.22
8,117.22
8,036.60
8,063.00
-0.85%
SSE
8,117.22
8,117.22
8,036.60
2,763.95
-0.62%
INDIAN MAJOR SECTORAL INDICES INDEX
P. CLOSE
OPEN
HIGH
LOW
NIFTY BANK
14,028.55
14,088.60
14,154.55
13,810.60
13,971.50
-0.41%
NIFTY FIN SERVICE
5,886.25
5,921.70
5,949.30
5,811.90
5,884.20
-0.03%
NIFTY PHARMA
11,100.10
11,226.70
11,283.35
10,810.15
11,081.05
-0.17 %
NIFTY IT
10,312.95
10,404.60
10,462.90
10,157.10
10,324.45
0.11%
Contact No. +91-903-977-7700
CURRENT %CHANGE
www.moneyclassicresearch.com
STOCK UPDATE Wockhardt Shares Plunge 20% on Disastrous Q3 Wockhardt's shares plunged as much as 20 per cent on Friday after it reported 82 per cent drop in its consolidated net profit for the October-December quarter on account of weak sales and higher research and development expenses. The pharmaceutical and biotechnology company reported a net profit of Rs 51 crore on sales of Rs 1,076 crore in Q3 compared to a profit of Rs 347 crore on sales of Rs 1,382 crore in the corresponding quarter of last fiscal. Wockhardt's US business, which contributes 27 per cent to its overall revenues shrunk 1 per cent in Q3, affecting its overall sales. However, revenue from UK business and India business registered a growth of 14 per cent and 16 per cent respectively.
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STOCK UPDATE Canara Bank Q3 Profit Crashes 87%, Shares Fall Canara Bank joined at least half-a-dozen other state-run lenders in reporting a plunge in Q3 profitability on account of rising bad loans. Canara Bank stock hit its 52week low as investors dumped its shares post disappointing numbers.
Canara Bank said its net profit plunged 87 per cent to Rs 85 crore in Q3 against Rs 656 crore in the corresponding quarter of last fiscal. Gross non-performing loans(NPA) jumped 87 per cent to Rs 19,814 crore in the December quarter, forcing the lender to make a provision of Rs 1,429 crore in Q3.
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RECOMMENDED TATAMOTORS:-
CASH CALL BUY TATAMOTORS AT AROUND 290-292 TGT 295/298/300 SL 285 THE STOCK OF TATAMOTORS TRADE A VERY DOWN IN PREVIOUS LAST TRADING SESSION BUT FINNALY THESE ARE GIVE THE BOUNCE BACK FROM LOWER LEVEL AT STRONG DAILY SUPPORT LEVEL SO IT’S GOOD BUYING APPORTUNITY TO BUY .
Contact No. +91-903-977-7700
www.moneyclassicresearch.com
RECOMMENDED SBIN:-
CASH CALL SELL SBIN AT AROUND 156 TGT 154/152/150 SL 160 THE STOCK OF SBIN TRADE DOWN SIDE CONTINIOUSLY FROM LAST 30-40 DAYS AND NOT RECOVER ANY LEVEL SO THESE ARE TEST AT LEAST 140 LEVEL IN COMING SESSION.
Contact No. +91-903-977-7700
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