Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

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

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets Finish Firm
Thu, 18 Aug Closing

Indian equity markets ended on a firm note, remaining in positive territory despite paring some gains. At the closing bell, the BSE Sensex closed higher by 108 points, the NSE Nifty finished higher by 47 points. The S&P BSE Midcap & the S&P BSE Small Cap finished up by 0.4% and 1% respectively. Gains were largely seen in power and infrastructure stocks.

Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.98%, while the Nikkei 225 led the Shanghai Composite lower. They fell 1.55% and 0.17% respectively. European markets are higher today with shares in Germany leading the region. The DAX is up 0.41% while France's CAC 40 is up 0.24% and London's FTSE 100 is up 0.18%.

The rupee was trading at 67.79 against the US$ in the afternoon session. Oil prices were trading at US$ 47.04 at the time of writing.

As per an article in a leading financial daily, Lupin's US subsidiary Gavis Pharmaceuticals LLC. has received final approval from the US health regulator to market potassium chloride capsules in the American market.

Reportedly, the drug is used for treating hypokalemia or potassium deficiency in the bloodstream.

The US Food and Drug Administration (USFDA) approved generic equivalent of Actavis Labs FL Inc.'s potassium chloride for the extended release capsules USP, 8 mEq (600 mg) and 10 mEq (750 mg).

According to IMS MAT March 2016 data, potassium chloride extended-release capsules had US sales of US$ 75.4 million.

Our Pharma sector analyst, Bhavita Nagrani, is of the opinion that Gavis would give access to the therapies where Lupin is not present. She has recently shared a detailed view on the company and valuations in the latest recommendation report of The India Letter. Click Here to know more.

Notably, the pharmaceutical sector, which is an important contributor to India's exports has stood out in terms of export performance. Geographies such as Europe and emerging markets like Brazil, Mexico, Russia, South Africa and South-East Asia regions too are important buyers of Indian drugs.

Lupin finished the day down by 0.8% on the BSE.

Moving on to the news from auto sector. Mahindra & Mahindra (M&M) announced incorporation of a subsidiary company in Mexico viz. Mahindra Mexico S. de. R.L.

As per the reports, Mahindra Mexico S. de. R.L. was incorporated as a 99% subsidiary of Mahindra USA Inc, which in turn is a 100% subsidiary of Mahindra & Mahindra (M&M). Further, Mahindra USA Inc. has invested Mexican peso 9,900 in the newly formed Mexican firm. Moreover, Mahindra Mexico S. de. R.L. was incorporated to endorse Mahindra Brand in Mexico and expand its reach to promote higher horsepower (HP) tractors.

Considering the two consecutive terrible years for the tractor industry and M&M's tractor business, will the industry revive and gain traction in 2017? One of our premium editions of The 5 Minute WrapUp throws the light on the factors that could drive the growth going forward. (Subscription Required).

M&M finished the day the day up by 0.4%.

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

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Markets Finish Firm". Click here!

  

Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot more.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE AUTO


Mar 8, 2021 (Close)

MARKET STATS