21-JAN-16
Husains
MARKET WRAP The market has ended at fresh 20-month low. The Sensex closed down 417.80 points or 1.7 percent at 24062.04 and the Nifty ended 125.80 points or 1.7 percent at 7309.30. About 543 shares have advanced, 2071 shares declined, and 138 shares are unchanged. Bajaj Auto, Sun Pharma, Hero MotoCorp and Wipro were losers in the Sensex. Hindalco, Adani Ports, SBI, Tata Motors and Reliance were top gainers.
BROAD MARKET INDICES INDEX
P. CLOSE
OPEN
HIGH
LOW
CLOSE
%CHANGE
NIFTY 50
7,437.65
7,357.00
7,470.90
7,241.50
7,309.30
-1.69
NIFTY NEXT 50
18,307.30
18,113.60
18,113.60
17,722.05
17,938.05
-1.88
NIFTY100 LIQ15
2,793.90
2,755.85
2,755.85
2,693.85
2,726.45
-2.28
NIFTY MIDCAP 50
3,013.15
2,964.10
2,964.10
2880.00
-2.66
2.05
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ASIAN INDEXES INDEX
OPEN
HIGH
LOW
CLOSE
%CHANGE
NIKKEI 225
17,030.28
17,031.32
16,387.61
16,416.19
-3.85
HANG SENG
19,332.22
19332.22
18,833.88
18,886.30
-3.07
TAIWAN
7,835.17
7,835.17
7,687.60
7,699.12
-2.02
SSE
2,993.01
3,016.28
2,951.92
2,976.52
-1.05
INDIAN MAJOR SECTORAL INDICES INDEX
P. CLOSE
OPEN
HIGH
LOW
NIFTY BANK
15,290.80
15,059.50
15,533.45
14,754.65
14,935.50
-2.19
NIFTY FIN SERVICE
6,404.45
6,314.65
6,316.85
6,215.95
6,279.85
-1.82
NIFTY PHARMA
11,228.25
11,120.70
11,213.10
11,007.60
11,133.65
-0.82
NIFTY IT
10,972.35
10,897.80
10,945.40
10,855.20
10,910.50
-0.48
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CURRENT %CHANGE
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STOCK UPDATE Reliance Industries Shares Down Over 4% Post Q3 Earnings Shares of Reliance Industries on Wednesday fell by over 4 per cent despite reporting its highest-ever quarterly net profit of Rs. 7,290 crore for the three months period ended December. After a weak opening, the stock further went down by 4.31 per cent to Rs. 998.60 amid profit-booking on BSE. At NSE, shares of the company slipped 4.44 per cent to Rs. 997.25. Reliance Industries had on Tuesday reported highest-ever quarterly net profit of Rs. 7,290 crore for the three months ended December on refinery margins spiking to sevenyear high.
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Digital biz share in revenue may hit 30% over 2 quarters: Zensar Ganesh Natarajan, Vice Chairman and CEO of Zensar Technologies cited seasonality, weakness in the enterprise business and revenue loss of nearly USD 2.5 million due to customer furloughs as the three key reasons for the company’s muted third quarter (Q3) FY16 performance. On Tuesday, Zensar reported 1.4 percent quarter-on-quarter decline in dollar revenue at USD 114.8 million for Q3FY16 compared USD 116.4 million. Natarjan, however, pointed out that he is excited about the strong performance of the company’s digital business. "Our digital business performance has been spectacular with deal size increasing gradually. We are currently executing a deal of USD 20 million,” he added. He highlighted that currently 20 percent of their pipeline is linked to digital and this is going to increase to 30 percent within the next 2 quarters.
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