The market remained firm in morning trade as the Sensex rose 141.61 points
to 28497.23 and the Nifty climbed 44.85 points to 8610.40. The broader markets
outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.7
percent and 0.9 percent, respectively.
More than two shares advanced for every share declining on the Bombay Stock
Exchange.
Shares of ICICI Bank, L&T, HDFC, Axis Bank, SBI, Maruti, Dr Reddy's
Labs, NTPC and Coal India gained 1-2 percent while Tata Motors, ONGC, M&M,
Bharti Airtel, Sesa Sterlite, Cipla and BHEL were down over 1 percent.
TCS traded above its 200 DMA, up 1.5 percent as Natarajan Chandrasekaran,
CEO & MD that the company is confident of beating the 12-14 percent NASSCOM
guidance put out for FY16 and will be able to beat the 13.1 percent guidance
for FY15 as well.
Sun Pharma remained in focus after Taro reported good numbers with net sales
up 11.3 percent to USD 237.7 million, margins expanded 380 basis points to 67
percent while net income up 23 percent at USD 142.5 million in Q3.
NBCC gained 4 percent after it secured project management and consultancy
business orders amounting to Rs 231.40 crore from Indian Institute of
Technology, Roorkee.
Fortis Healthcare surged 20 percent after 1.8 percent equity changed hands
in 5 blocks on NSE and BSE.
NALCO rallied 5 percent on good Q3 numbers with margins expanding to 27.6
percent versus 12.4 percent and profit up 171 percent at Rs 354.5 crore. CIMB
uppped target price to Rs 78 from Rs 72 earlier. More information please visit
this site www.bigprofitbuzz.com
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