Thursday 26 November 2015

Nifty trades above 7,850 mark ahead of F&O expiry

Some buying activity is seen in banking, consumer durable, capital goods, FMCG, teck, metal and oil & gas and metal sectors, while pharma sector is showing weakness on BSE.


At 1:11 PM, the S&P BSE Sensex is trading at 25,927 up 151 points, while NSE Nifty is trading at 7,874 up 42 points.

The BSE Mid-cap Index is trading up 0.34% at 10,943, whereas BSE Small-cap Index is trading up 0.51% at 11,516.

Some buying activity is seen in banking, consumer durable, capital goods, FMCG, teck, metal and oil & gas and metal sectors, while pharma sector is showing weakness on BSE.

Sun Pharma, Tata Motors, Infosys, Coal India, Hindalco, ICICI Bank, RIL, Tata Steel and Wipro are among the gainers, whereas Dr. Reddy's, Maruti Suzuki, GAIL, Lupin, TCS,  Hero MotoCorp and HDFC Bank are losing sheen on BSE.

The India VIX (Volatility) index down 0.47% to 16.1675. A total of 45 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE. Out of 1,755 stocks traded on the NSE, 451 declined and 1,011 advanced today.

The Indian rupee opened lower by 4 paise at 66.37/$ in early trade on Thursday. The US dollar rose to fresh eight month high against a basket of currencies on Wednesday, ahead of a string of data due later in the day. Index was trading higher by 0.30 percent against a basket of six currencies in late evening yesterday.

Dr. Reddy's Lab has plunged 6.6% to Rs. 3,163.15 on BSE. The US Food & Drug Administration (USFDA) has warned Dr. Reddy’s Laboratories over serious data integrity violations, according to media reports. In a letter to the Indian company, USFDA has reportedly stated that there are significant deviations from current good manufacturing practices (CGMP) for the manufacture of active pharmaceutical ingredients (APIs) for finished pharmaceuticals.

Shares of Hero MotoCorp was trading flat 0.3% to Rs. 2,655 on BSE. Bain Capital expects to reap a bumper harvest of ~Rs. 760 crore from its stake sale in Hero Moto Corp, reports a business daily.The private equity firm is all set to exit Hero MotoCorp by selling its remaining shares in the two-wheeler major through a stock market transaction. 
Around 16.9 lakh shares were traded in a single block at Rs. 2,612.9.

Nalco has zoomed 3.6% to Rs. 38.80 on BSE. The company has received US$ 8.05 million towards an out of court settlement from an US Firm in connection with a case pending in the US Court.

Natco Pharma has jumped 14% to Rs. 584.55 on BSE. The company has fixed Record Date as November 28, 2015 for the purpose of sub-division of 1 Equity Share of Face Value of Rs. 10/- each into 5 Equity shares of Rs. 2/- each.

Lumax Automotive Systems hits 20% upper limit at Rs. 55.20 on BSE.  The company has filed the reference application with the Board for Industrial and Financial Reconstruction (BIFR) under the provisions of the Sick Industrial Companies (Special Provisions) Act.
“The audited annual accounts of the company for the year ended March 31, 2015, adopted on September 28, 2015 show that the entire net worth of the company has eroded and hence as required under the provisions of SICA a reference under section 15(1) shall be made by the company within 60 days from the date of adoption of audited accounts at the AGM, to BIFR for determination of the measures which shall be adopted with respect to the company,” Lumax said in a statement.

Lumax Industries has soares 12% to Rs. 521.30 on high volume.

Just Dial has jumped 3.5% to Rs. 962 on BSE. On Tuesday, the company has announced that shareholders approved buy back of 10.6 lakh shares at Rs. 1,550/Share.
NBCC has jumped 2% to Rs. 1,016 on BSE.  The company has bagged Rs. 5,828 crore redevelopment project in the national project from AIIMS, involving construction of 3,000 flats.
Jet Airways (India) has surged 2.8% to Rs. 486.30 on BSE. 

ABG Shipyard has rallied 7.5% to Rs. 79.40 after Government will give Indirect Tax breaks for local shipbuilding, as per media reports.

DLF has rallied 7.6% on BSE. The company's promoters have bought 2.3 million shares of the company through open market transactions for nearly Rs. 25 crore, raising their stake to 74.99%.

Globus Spirits 16.5% has rallied Rs. 90.80 on BSE. According to reports, the company plans to increase capacity by 70%, and will commission new plants in the first half of FY17.

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