Aug 26

Daily Market Commentary : 25th August 2016

Nifty closed with a loss of 58 points at 8,592, while BSE Sensex ended with aloss of 224 points at 27,836.

Titagarh Wagons Ltd is currently trading at Rs. 113.3, up by Rs. 4.3 or 3.94% from its previous closing of Rs. 109 on the BSE. The scrip opened at Rs. 110 and has touched a high and low of Rs. 115.9 and Rs. 109.6 respectively. So far 2481935(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1257.69 crore.

Texmaco Rail & Engineering Ltd is currently trading at Rs. 110, up by Rs. 2.05 or 1.9% from its previous closing of Rs. 107.95 on the BSE. The scrip opened at Rs. 109.3 and has touched a high and low of Rs. 112.95 and Rs. 108.85 respectively. So far 548043(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2270.56 crore.

Kalindee Rail Nirman (Engineers) Ltd is currently trading at Rs. 115.8, up by Rs. 2.8 or 2.48% from its previous closing of Rs. 113 on the BSE. The scrip opened at Rs. 115 and has touched a high and low of Rs. 118.3 and Rs. 114 respectively. So far 184812(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 186.56 crore.

IL&FS Transportation Networks Ltd is currently trading at Rs. 72.25, up by Rs. 2.2 or 3.14% from its previous closing of Rs. 70.05 on the BSE. The company has entered into Share Purchase Agreement with Cube Highways & Infrastructure Pte. Ltd., a company incorporated in Singapore for sale of its entire equity stake in Andhra Pradesh Expressway Limited (APEL) for an aggregate value of Rs.140.37 crores.

Jubilant Life Sciences Ltd is currently trading at Rs. 538.7, up by Rs. 31.65 or 6.24% from its previous closing of Rs. 507.05 on the BSE. The company has announced that it has received Abbreviated New Drug Application final approval for Felodipine Extended-Release Tablets USP, 2.5 mg, 5 mg, and 10 mg, the generic version of Plendil Tablets of AstraZeneca, which is used for the treatment of hypertension.

Natco Pharma jumped 6.2% to Rs.696. The company announced receipt of successful Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration (FDA) for the inspection conducted, during the period February 8 – February 12, 2016, at its Chemical Division, Chennai, India (named NATCO Organics Limited, prior to amalgamation into the company).

AstraZeneca Pharma tanked 6.6% to Rs.1065 on BSE after it receives a notice of termination of its distribution pact for meropenem from its U.K. parent. This is part of the AstraZeneca PLC’s deal to sell its antibiotics business to Pfizer.

TV Today Network gained 2% after the company has entered into an Advertising Sales Agreement with Entertainment Network, effective from 1st September, 2016, duly approved by the Board of TVTN through circulation on 24th August, 2016 in relation to TVTN’s 3 private FM radio stations at New Delhi, Mumbai and Kolkata.

Lupin inched up 0.34% on BSE. The pharma company said its subsidiary Gavis Pharmaceuticals has received approval from the US health regulator to market generic linezolid tablets used for treating bacterial infection in the American market.

IDBI Bank is marginally down at Rs.71.80. The bank will raise Rs.1,500 crore by issuing tier I bonds. The bank said it will allot the bonds on August 30, 2016.

Ramco Systems soared 7% after the company has informed BSE that company’s subsidiary, Ramco Systems Pte Ltd., Singapore, has secured order from one of the top 5 most valuable global brands for Ramco HCM & Payroll in APAC.

Asian markets are trading mixed. Nikkei 225 is trading in red, while Shanghai Composite and Hong Kong’s Hang Seng are trading lower. Market-wide rollovers to the September F&O series were above average while rollovers for Nifty futures so far have been much higher than the past three series.

Few global developments like North Korea testing another missile and Turkey launching attacks on Syria have once again brought in the tension factor.

Wall Street closed lower on Wednesday. The Dow Jones industrial average closed 0.35% lower, at 18,481.48. The S&P 500 fell 0.52% and the Nasdaq dropped 0.81%, to 5,217.69.

The Cabinet Committee on Economic Affairs approved nine projects worth about Rs.24,000 crore in nine states for expansion of railway network and connectivity across the country. The Union cabinet on Wednesday approved a revised India-Cyprus tax treaty that seeks to plug loopholes used by investors to avoid paying taxes in India.

BSNL announced a national unlimited 3G mobile data plan for Rs.1,099 and doubled the data usage limit in some existing plans.

USDINR trading higher by two paise at 67.08 against US Dollar.

Out of 1,851 stocks traded on the NSE, 913 declined, 657 advanced and 281 remained unchanged today.

The rupee was trading down five paise at 67.10 per US dollar.

Top 5 Nifty Gainers: Tata Motors (1.78%), GAIL (1.58%), CIPLA (1.38%), M&M (1.11%) and Reliance Ind. (0.79%).

Top 5 Nifty Losers: L&T (-1.32%), Asian Paints (-1.13%), Wipro (-0.95%), Adani Ports & Sez (-0.92%) and SBI (-0.74%)

To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9582000102.