Business

All The Way From Dalal Streets: Mid Market Updates, Sensex Up 100 Pts, Nifty Above 10,800

NEWS WORLD INDIA | 0
4108
| February 25 , 2019 , 13:26 IST

Sensex, today raised up to 100Pts and Indian Rupee opened higher by 12 Paisa at 71.02 per Dollar versus the previous closing.

Whereas we get some Top Gainers as well: UPL, Dr Reddy Labs, Hero Motocorp, ICICI Bank, TCS, Sun Pharma.

Along with some Losers too in the market: Adani Ports, Bharti Infratel, BPCL, Indiabulls Housing.

Certainly, Jubilant Life Sciences shares climbed 4 percent intraday Monday as its subsidiary Jubilant Pharma to launch unsecured bonds offering outside India.

The stock was quoting at Rs 781.85, up Rs 27.40, or 3.63 percent on the BSE, at 11:20 hours IST.

"The Notes are proposed to be (i) issued to institutional investors outside India and (ii) listed and quoted on the official list of the Singapore Exchange Securities Trading Limited," the company said, adding the issuance of the Notes by JPL will not be a public offering in India.

Reliance Industries shares gained nearly a percent in morning trade on February 25 after the oil-retail-to-telecom major through its subsidiary RIIHL acquired three software solutions companies.

The stock was quoting at Rs 1,236.05, up Rs 3.45, or 0.28 percent on the BSE, at 1031 hours IST.

Shilpa Medicare shares gained more than 3 percent intraday on Monday after the US health regulator approved the company's drug that treats several types of cancer.

The stock was quoting at Rs 355, up Rs 3.70, or 1.05 percent on the BSE, at 11:09 hours IST.

The company has received US Food and Drug Administration approval for its ANDA, Gemcitabine for Injection USP, 200 mg/vial and 1 g/vial.

Gemcitabine is a generic equivalent of reference listed drug (RLD), Gemzar which is used in the treatment of ovarian cancer, breast cancer, non-small cell lung cancer & pancreatic cancer as recommended in the label approved by FDA, Shilpa Medicare said in a release.

ALSO READ: E-Tail Will Be Under Pressure By Comprehensive Government Policy

From Today’s Media Report a Tip From Udayan Mukherjee

“They enjoy good times and witness bad times, so long-term investors should keep an eye on sectors and stocks where there is pessimism in the market and low ownership.”