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Equity Research Report: Religare Morning Digest

Market Outlook for the day –Indecisiveness prevailed across the board as Nifty once again ended flat. Market is still waiting for early signals of an either side steep move.
24 Mar 2014 | 07:00 AM

Highlights for Today 

Market Outlook for the day Indecisiveness prevailed across the board as Nifty once again ended flat. Market is still waiting for early signals of an either side steep move.

 

Corporate News:

Lupin Pharma launched its generic version of Niaspan extended release tablets, used in reducing cholesterol in the US market.

The Government sold 9% stake held through SUUTI in Axis Bank through a block deal.

Jain Irrigation Systems rose 1.46% on BSE after the company has allotted 75 lakh equity shares at an issue price of Rs 86.30 per share upon conversion of share warrants by the promoter group entities.

 

Market Roundup 

In a subdued trading session, the key benchmark indices closed marginally positive at the end of the day. The market edged higher in early trade on firm Asian stocks, but trimmed initial gains in the morning trade. Key benchmark indices moved in a narrow range in positive zone in early afternoon trade and hovered in positive zone later. The market breadth, indicating the overall health of the market was positive.