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03 Dec 2016 | 9:57 PM
Research Report

Equity Research Report: Religare Morning Digest

Market Outlook for the day – Current chart patterns of Nifty suggest up side move to continue.
09 Jun 2014 | 07:00 AM

Highlights for Today

Market Outlook for the day Current chart patterns of Nifty suggest up side move to continue.


Corporate News:

Sugar stocks spurted on reports that the government will examine raising import tax on sugar to support local prices and help mills clear dues to cane growers which is estimated at Rs 11000 crore.

Strides Arcolab surged 9.7% on NSE after the company received approval from the US Food & Drug Administration for Methoxsalen Capsules USP, 10 mg (Soft Gelatin Capsules).

NHPC’s unit 4 of Parbati-III power station has been declared operational.

Yes Bank’s Capital Raising Committee approved the issue and allotment of 5.34 crore equity shares to eligible qualified institutional buyers at an issue price of Rs 550 per share.


Market Roundup 

The market edged higher on last day of the week backed by heavy FII inflows. The firmness in European stocks after the European Central Bank on Thursday, 5 June 2014, cut its benchmark interest rates to unprecedented lows, spurring speculation that the decision will accelerate capital inflows also boosted the sentiments. Realty stocks gained on renewed buying with DLF, Sobha Developers, HDIL and Unitech hitting 52-week high. On the flip side; stocks from the IT and Metal basket remain the key laggards. The BSE Mid-Cap index was up 1.59% and the BSE Small-Cap index was up 1.561%. Both these indices outperformed the Sensex marginally.

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