Equity benchmarks wiped out early gains with the Nifty breaking 8000 level on profit booking. Banking & financials, auto and FMCG stocks were under pressure while healthcare, technology and metals stocks gained. The 30-share BSE Sensex is up 37.81 points at 25998 and the 50-share NSE Nifty is up 8 points to 8010, while the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices gained 0.3 percent each on positive breadth. About 1143 shares advanced against 695 declining shares on the BSE. L&T extended gains in morning, up nearly 4 percent after the company maintained its order inflow and revenue guidance for FY17. Asian Paints and Tata Steel gained 2-3 percent whereas HDFC was the biggest loser on Sensex, down 2.7 percent followed by ITC, Maruti, M&M, ICICI Bank, Wipro and HDFC Bank. Asian stocks traded higher, tracking US stock markets’ rise to all-time closing highs on Tuesday. Australian index surged 1 percent.
Today’s Top BSE Gainers : Larsen, Asian Paints, Tata Steel, Lupin and Sun Pharma
Today’s Top BSE Losers : HDFC, M&M, Wipro, Maruti Suzuki and ICICI Bank
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- On the violation of guidelines, USFDA has sent a warning letter to the CP Pharma the UK based subsidairy of Wockhardt. USFDA had investigated CP Pharma on October 2015.
- Gujrat Industries Power has started 2 new wind turbine generators in Gujarat.
- Compat has put a stay on the order of depositing the penalty. CCI has given an order to deposit the 10% of penalty. CCI had imposed this penalty on cartelisation case.
- NMDC is planning to sell its Chhattisgarh’s Steel Plant, for which so many companies along with Posco is queuing up. NMDC has invested 20000 crore rupees on Chhattisgarh’s steel plant