Helping You Build Wealth With Honest Research
Since 1996. Try Now

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Indian markets remain buoyant
Fri, 6 Jun 11:30 am

After opening in the green the Indian indices are trading well above the dotted line in the morning session. Amongst sectoral indices buying interest is seen in banking and energy stocks while selling pressure is evident in the software stocks.

The BSE-Sensex is trading up 160 points and the NSE-Nifty is trading up 40 points. The BSE Mid Cap index is trading up 1.1%, while the BSE Small Cap index is trading up 1.2% today. The rupee is trading at 59.2 to the US dollar.

Indian Pharmaceutical stocks are trading mixed today. Strides Arcolab and Natco Pharma are leading the gainers; while Dishman Pharma and Orchid Chemicals are leading the losers. According to a leading business daily; Wockhardt has recalled over 8,000 bottles of anti-hypertension drug- Metoprolol Succinate extended-release tablets in the US market following failure of a dissolution test. According to USFDA Wockhardt USA Inc which is a subsidiary of Wockhardt distributed this 100 mg tablets in 100-count bottles in the US market. The subsidiary is now voluntarily recalling the drug due to the "failure of dissolution test observed at three month time point" as per the US FDA. The stock is trading up 0.4% today.

Most software stocks are trading lower today. Infosys and Tata Consultancy Services (TCS) are leading the losers. According to a leading business daily; India's fifth largest software firm Tech Mahindra, has entered into a strategic alliance with a US based Informatica Corporation. The alliance will focus on expanding and enhancing data management services around the world. The services that the alliance will aim to provide are data archiving, data anonymization, master data management (MDM), reference data management, test data management, data governance, data migration, big data, data integration and data quality. Both the companies will make joint investments to develop the software solutions at Tech Mahindra's research centers in Pune, Bangalore and Hyderabad. Tech Mahindra is trading down 1% today.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Indian markets remain buoyant". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Agora Research Private Limited.

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Agora Research Private Limited (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.