30th MARCH 2016

Husains

MARKET WRAP
After a consolidation, equity benchmarks as well as broader markets ended lower
for second consecutive session Tuesday with the Nifty falling below 7600-mark.
Healthcare, infra, FMCG and technology stocks dragged market while rally in auto,
metals and select banks stocks capped downside. The 30-share BSE Sensex dropped
65.94 points to 24900.46 and the 50-share NSE Nifty declined 18.10 points to 7597.
The BSE Midcap and Smallcap indices were down more than 0.2 percent. The
market breadth remained weak throughout the session - about two shares declined
for every share advancing on Bombay Stock Exchange.
Current volatility, following the rally last week, may continue in near term, feel
experts. According to them, the Nifty may see expiry at around 7600 level but 7850
is likely in next series.

BROAD MARKET INDICES

INDEX

P. CLOSE

OPEN

HIGH

LOW

CLOSE

%CHANGE

NIFTY 50

7,615.10

7,606.55

7,652.90

7,582.25

7,597.00

-1.31%

NIFTY NEXT 50

18,376.45

18,349.45

18,435.45

18,210.45

18,369.60

-1.46%

NIFTY100 LIQ15

2,886.75

2,891.25

2,918.40

2,867.95

2,895.25

-2.61%

NIFTY MIDCAP 50

3,086.65

3,090.00

3,103.15

3,063.75

3,082.55

-1.53%

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ASIAN INDEXES
INDEX

OPEN

HIGH

LOW

CLOSE

%CHANGE

NIKKEI 225

17,103.53

17,103.53

17,103.53

17,103.53

-0.18%

HANG SENG

20,386.32

20,386.32

20,250.15

20,366.30

0.10%

TAIWAN

8,687.06

8,711.11

8,585.71

8,617.35

-0.85%

SSE

2,956.71

2,962.20

2,905.25

2,920.55

-1.28%

INDIAN MAJOR SECTORAL INDICES

INDEX

P. CLOSE

OPEN

HIGH

NIFTY BANK

15,604.90

15,583.10

15,774.10

15,580.80

15,666.25

-1.78%

NIFTY FIN SERVICE

6,463.45

6,444.60

6,500.10

6,441.60

6,453.95

-0.15%

NIFTY PHARMA

10,960.05

10,940.30

10,940.30

10,353.90

10,665.25

-2.69%

NIFTY IT

11,168.70

11,172.80

11,188.65

11,089.00

11,114.70

-0.48%

Contact No. +91-903-977-7700

LOW

CURRENT %CHANGE

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STOCK UPDATE
Lupin's Mandideep unit receives US FDA
observations
Lupin 's Mandideep unit has been flagged by United States Food and Drug
Administration (US FDA). In particular, the active pharmaceutical ingredient (API)
and formulations units of the plant in Madhya Pradesh have received two
observations each, reports CNBC-TV18.
The pharma company's Mandideep unit was inspected by US FDA between February
8-19. IIFL says these are very serious observations, adding the company may take at
least 18 months to complete remedial action.
Estimates suggest the Mandideep unit could be contributing USD 200 million in
revenues for Lupin. The unit is the second largest revenue contributor to the
company's US business after its Goa plant.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

STOCK UPDATE
Allcargo Logistics To Raise Up To Rs 300 Crore
Via Private Placement
Allcargo Logistics will seek shareholders' approval to raise up to Rs 300 crore by
issuing Secured Non-Convertible Redeemable Debentures (NCDs) on a private
placement basis.
One of India's leading integrated logistic solutions provider, the company has a
network of 301 offices across 164 countries through its international subsidiaries.
"Resource Raising Committee of the company at its meeting held on March 28,
2016, has considered and approved raising of funds up to Rs 300 crore by issue of
NCDs on Private Placement basis," Allcargo Logistics said in a regulatory filing today.
It will be issued in one or more tranche(s) from time to time subject to obtaining
shareholders approvals by way of postal ballot/electronic voting and necessary
statutory and regulatory approvals, it added.

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IOC:-

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