24 Jun 2017 | 2:53 AM
Research Report
Daily

Equity Research Report: Religare Morning Digest

Market Outlook for the day –Sideways move is expected to continue, 6650 was tested on Monday but was not breached making it a stronger support level.
09 Apr 2014 | 07:00 AM

Highlights for Today

Market Outlook for the day – Sideways move is expected to continue, 6650 was tested on Monday but was not breached making it a stronger support level.

 

Corporate News:

Sun Pharmaceutical Industries has entered into an agreement to buy out Ranbaxy Laboratories Ltd, creating in the process of India’s largest drug maker. On a pro forma basis, the Sun-Ranbaxy combined entity’s revenues are estimated at $4.2 billion for the 12-month period ended December 31, 2013. Under the agreements, Ranbaxy shareholders will receive 0.8 share of Sun Pharma for each share of Ranbaxy.

Welspun Corp has won fresh domestic orders to take its current order book to Rs 5800 crore.

 

Market Roundup

Volatility ruled the roost as key benchmark indices erased a lion's part of the intraday losses in late trade. Cement stocks gained on hopes of consolidation in the sector after the world's two largest cement makers, France's Lafarge and Holcim of Switzerland, agreed the terms of a merger, creating the world's biggest cement company with more than $40 billion in sales. UltraTech Cement scaled record high. The market breadth, indicating the overall health of the market turned positive from negative in late trade.