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Sensex, Nifty maintain uptrend; Mid Smallcap indices rise

ICICI Bank, ONGC, M&M, Tata Steel and Coal India are top gainers while Sun Pharma, HUL, Reliance and HDFC Bank are laggards.

12:00

TheNewsInternational Team

12:30 pm Buzzing:

Shares of Jubilant Life Science jumped 4 percent intraday as Reserve Bank of India has approved for more foreign investment in the company. The central has given a nod to Foreign Institutional Investors (FIIs) and Registered Foreign Portfolios Investors (RFPIs) to hold upto 45 percent in the drug major.

“FIIs/ RFPIs can now invest up to 45 percent of the paid up capital of Jubilant Life Science  under the Portfolio Investment Scheme (PIS),” a RBI statement said.

As per September 2015, FIIs hold 17.56 percent, promoter has 54.02 percent and rest is publicly held in the company.

Sun Pharma sinks 7% on warning letter: Buy or Sell now?

The market continues its upward momentum while mid and smallcap indices support. The Sensex is up 146.80 points or 0.6 percent at 25666.02 and the Nifty is up 47.95 points or 0.6 percebt at 7809.90. About 1677 shares have advanced, 682 shares declined, and 164 shares are unchanged.

ICICI Bank, ONGC, M&M, Tata Steel and Coal India are top gainers while Sun Pharma, HUL, Reliance and HDFC Bank are laggards.

Ajay Srivastava of Dimensions Capital says the upcoming year will see midcap stocks outperforming indices yet again. He says the market is in the right place as there is complacency that 7500 will hold. While the current weakness in Information technology (IT) and pharmaceuticals is a big drag on the market, Srivastava says one must add to their pharma portfolios no matter what happens.

11:00

Nifty tests 7800, Sensex up over 100pts; banks, metals gain

ICICI Bank, ONGC, Coal India, M&M, Axis Bank are top gainers while Sun Pharma, HUL, Wipro and Reliance are major laggards in the Sensex.

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10:00

Sensex, Nifty flat; ICICI Bank up 2%, HUL & Wipro fall 1%Read More »

ICICI Bank, Hindalco, Tata Steel, M&M and ONGC are top gainers while Sun Pharma, HUL, Wipro, Infosys and Bharti Airtel.

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09:15

Nifty opens below 7750, Sensex weak; Sun Pharma tanks 6%Read More »

The market has kick-started the truncated week in red. The Sensex is down 94.31 points or 0.4 percent at 25424.91 and the Nifty is down 16.30 points or 0.2 percebt at 7745.65. About 356 shares have advanced, 183 shares declined, and 54 shares are unchanged.

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