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Equity Research Report: Religare Morning Digest

Nifty index is expected to consolidate further in a broader range of 8050-8450 in near future prior to next directional move but stock specific action will continue.
26 Dec 2014 | 07:00 AM

Corporate News: 


Union Cabinet gave its approval to amend the existing FDI policy in the pharmaceutical sector to create carves out for medical devices wherein, FDI up to 100% is permitted subject to specified conditions.

Union Cabinet approved an ordinance to implement insurance reforms. Under the order, foreign firms can increase their participation in insurance joint ventures from 26% to 49%.

Electrosteel Castings’ board approved to offload 7.20 lakh equity shares of the company's investment in Singardo International Pte., an associate company.

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