The Indian stock market ended almost unchanged amid a lackluster day of trades. After enjoying a mid-week break, indices were stuck in a narrow trading range on Thursday(7th July 2016). Nifty closed almost flat at 8,338, while BSE Sensex ended with again of 35 points at 27,201.
On the global front, Asian shares closed mixed. Japan’s Nikkei and China’s Shanghai Composite dropped between 0.1%-0.67% while Hong Kong’s Hang Seng closed in green.
European shares were trading higher. The FTSE 100 and the CAC 40 were trading up 1.4% each. DAX gained 0.98%.
Lupin soared 6.2% to Rs.1657. The pharma company received notification that the inspection carried out by the US FDA in July 2015 at its Goa Facility is now closed and the agency has issued Establishment Inspection Reports (EIR).
Tata Steel dropped 5% to Rs.316.5. Tata Steel is expected to announce on Friday that it will pause the sale of most of its UK business, including Port Talbot, according to reports.
Bharat Forge tumbled 3.4% to Rs.742. The company said its Class 8 truck orders for June down 34% from a year ago and down 8% on month on month at Rs.13,000 units.
Punjab National Bank rose 2.7% to Rs.117 on BSE. The stock rallied after its subsidiary PNB Housing Finance filed a prospectus for a Rs.2,500 crore initial public offer (IPO).
Claris Life sciences surged 5.6% after the company received approval from the US Food and Drug Administration to market Tobramycin injection in the US. Claris Life sciences said that the approval is for Tobramycin injection USP, 80mg/2mL and 1,200mg/30mL multiple dose vials.
JBF Industries tumbled 5.7% to Rs.207.80 on BSE. The company said its net loss of the March quarter widened to Rs.159.11 crore as compared to Rs.54.06 crore a year ago.
Southern Online Bio Technologies hit 20% upper circuit to Rs.12.13.The company received letter of intent from Hindustan Petroleum Corporation Limited for the supply of 1500 Kilo Liters of Bio Diesel from July to September 2016 to its Secunderabad location in Telangana State.
Dhanlaxmi Bank galloped 19.4% to Rs.29.25. The Board of Directors of the Bank approved the proposal for further issue of Equity Shares upto a maximum of Rs.200 crore on Preferential Allotment basis and hold Postal Ballot for seeking approval of shareholders for the same.
Vakrangee zoomed 4% after the company entered into Corporate Agency tie-up with Religare Health Insurance Company (Religare), to distribute health Insurance product through Vakrangee distribution network. Citizens, especially in UN-served and undeserved areas shall be able to access health Insurance products and services offered/to be offered by Religare Health Insurance Company.
NBCC (India) rallied 10.5% to Rs.215.30. The company secured a total business of Rs.578.47 crore (approx) in the month of June,2016.
Kalpataru Power Transmission soared 4.7% to Rs.268 after the company secured new orders exceeding Rs.1900 crores.
USDINR trade today tradingup eight paise at 67.37 per US dollar.
Out of 1,431 stocks traded on the NSE, 652 declined and 736 advanced today.
Top 5 Nifty Gainers: Lupin Ltd (6.25%), Hind. Unilever (3.03%), Dr. Reddys Lab (2.97%), HDFC (2.51%) and HDFC Bank (1.76%).
Top 5 Nifty Losers: Tata Steel (-4.92%), TCS (-2.16%), Coal India (-1.96%), Adani Ports & Sez (-1.84%) and Infosys Ltd (-1.55%)
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