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Major headlines
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NatcoPharma gets USFDA approval for leukemia drug
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Suzlon bags 105 MW order from Axis Energy Group
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China nibbles at Samsung share to take 50 percent of
India’s smartphone market.
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INDEX
PERFORMANCE
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Index
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Close
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% Chg
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Sensex
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26,759.23
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-0.44
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Nifty
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8,243.80
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-0.36
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Indian
Indices: The
key Indian equity indices continued their lackluster trade in late afternoon
session as a slump in IT shares on worries over H-1B visas. Sentiments
remained downbeat on account of selling in Realty, TECK and FMCG counters.
Selling pressure increased after European stocks opened lower. Sentiments
were also hit after President Pranab Mukherjee cautioned that the
government's demonetisation decision could likely lead to a temporary
slowdown in the economy and hurt the poor. Sentiments also remained dampened
with a private report highlighted that India’s GDP is likely to have grown at
a much slower-than-expected pace of 5 percent in the October-December period
and may see a 6 percent growth in the following quarter due to a slowdown in
manufacturing and services sectors post demonetization. Meanwhile, for the
first time since demonetisation of high-value currency notes, President
Pranab Mukherjee has cautioned that the government's demonetisation decision
could likely lead to a temporary slowdown in the economy and hurt the poor.
Addressing to Governors and Lieutenant Governors, President has said that
demonetization.
The BSE
Sensex is closed at 26,759.23, down by 119.01 points or 0.44% after trading
in a range of 26822.52 and 27009.61. There were 20 stocks advancing against
10 stocks declining on the index.The broader indices were trading mixed; the
BSE Mid cap index was up by 0.13%, while Small cap index was down by 0.05%.The CNX Nifty is shut down at 8243.80,
down by 30.00 points or 0.36% after trading in a range of 8257.75 and
8306.85. There were 31 stocks advancing against 19 stocks declining on the
index, while 1 stock remained unchanged.
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MARKET INDICATORS
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Top Movers (Group A)
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Company
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Cmp
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% chg
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Gainers
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Jswenergy
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65.35
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6.00
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Wockpharma
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710.70
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5.55
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Natcopharma
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624.10
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4.49
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Fortis
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192.30
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3.83
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Losers
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Justdial
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375.75
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-4.63
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Mindtree
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500.55
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-4.39
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HCC
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41.60
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-3.82
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TECHM
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469.7\5
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-3.80
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Market Statistics
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BSE
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NSE
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Advances
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1397
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648
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Declines
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1190
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811
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Market Sentiment: The market breadth on BSE was positive in the
ratio of 1397: 1190, while 159 scrips remained unchanged.
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Crporate Front:
Japan has
decided to assist India in the development of three cities namely - Chennai,
Ahmedabad and Varanasi as smart cities, as per the government release. The
Ministry of Urban Development said in a release that this was on Thursday
conveyed by Japan’s Ambassador to India Kenji Hiramatsu during his meeting with
Minister of M. Venkaiah Naidu.
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Macroeconomic front: Union Finance
Minister ArunJaitley has said that the government's initiatives, including
demonetisation, to eliminate the shadow economy and tax evasion will
positively impact the GDP and fiscal consolidation of the country in the long
term. Commenting on the issue, Finance Minister ArunJaitley told the media.
On
the global front: On the global front, European markets were
trading in red as investors keep a close eye on commodity prices and currency
movements. Asian markets were trading mixed,
Chinese and Japanese shares ended in the red, tracking exchange rate
fluctuations ahead of the closely-watched U.S. jobs report due tonight. While
China's yuan gave up some gains after a two-day surge, the Japanese yen
strengthened further against the dollar on expectations of slow pace of rate
hikes in the U.S.
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Commodity
Updates:
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Commodity Prices (MCX):
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Commodity
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Rs
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% Chang
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Gold
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27905.00
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-0.15
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Silver
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40234.00
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-0.53
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Crude oil
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3675.00
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1.07
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Natural Gas
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219.90
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0.59
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Alluminium
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115.75
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0.22
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Copper
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380.35
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-0.03
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Top Sectoral& Stock Screening:The top gaining sectoral indices on the
BSE were Bankex up by 1.07%, Metal up by 0.69%, PSU up by 0.56%, Power up by
0.33% and Oil & Gas up by 0.29%, while IT down by 2.38%, TECK down by
1.91%, FMCG down by 0.73%, Realty down by 0.49%, and Capital Goods down by
0.07% were the top losing indices on BSE.
Top Nifty Movers:The top gainers on Nifty were Yes Bank up
by 2.96%, ONGC up by 2.88%, Bank of Baroda up by 1.95%, Kotak Mahindra Bank
up by 1.78% and BhartiInfratel up by 1.76%. On the flip side, HCL Tech. down
by 3.50%, Tech Mahindra down by 3.17%, Idea Cellular down by 2.74%, TCS down
by 2.33% and Infosys down by 2.29% were the top losers.
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Global Signals:
Asian markets
were trading mostly in green; KOSPI Index increased 7.17 points or 0.35% to
2,049.12, FTSE Bursa Malaysia KLCI increased 11.87 points or 0.72% to
1,671.69, Taiwan Weighted increased 14.08 points or 0.15% to 9,372.22,
Jakarta Composite increased 21.02 points or 0.39% to 5,346.53 and Hang Seng
increased 46.32 points or 0.21% to 22,503.01. On the flip side, Nikkei 225
decreased 66.36 points or 0.34% to 19,454.33 and Shanghai Composite decreased
11.09 points or 0.35% to 3,154.32.
All European
markets were trading in red; Germany’s DAX decreased 19.18 points or 0.17% to
11,565.76, France’s CAC decreased 18.79 points or 0.38% to 4,881.85 and UK’s
FTSE 100 decreased 9.61 points or 0.13% to 7,185.70.
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