19th FEB 2016
Husains
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%
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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
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%
Contact No. +91-903-977-7700
CURRENT %CHANGE
www.moneyclassicresearch.com
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.
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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."
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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