SENSEX ENDS 68.22 POINT ; SUN PHARMA, HUL TOP GAINERS

After a volatile day, the Sensex ended up 68.22 points at 29448.95, and the Nifty was up 15.10 points at 8937.75. About 1417 shares have advanced, 1450 shares declined, and 190 shares are unchanged. Sun Pharma, HUL, HDFC twins and Cipla were top gainers in the Sensex. Hindalco, Coal India, GAIL, TCS and Sesa

Read more at: http://www.moneycontrol.com/news/local-markets/nifty-ends-below-8950-sun-pharma-hul-top-gainers_1321555.html?utm_source=ref_article

After a volatile day, the Sensex ended up 68.22 points at 29448.95, and the Nifty was up 15.10 points at 8937.75. About 1417 shares have advanced, 1450 shares declined, and 190 shares are unchanged. Sun Pharma, HUL, HDFC twins and Cipla were top gainers in the Sensex. Hindalco, Coal India, GAIL, TCS and Sesa

Read more at: http://www.moneycontrol.com/news/local-markets/nifty-ends-below-8950-sun-pharma-hul-top-gainers_1321555.html?utm_source=ref_article

After a volatile day, the Sensex ended up 68.22 points at 29448.95, and the Nifty was up 15.10 points at 8937.75. About 1417 shares have advanced, 1450 shares declined, and 190 shares are unchanged. Sun Pharma, HUL, HDFC twins and Cipla were top gainers in the Sensex. Hindalco, Coal India, GAIL, TCS and Sesa Sterlite are major laggards.

Read more at: http://www.moneycontrol.com/news/local-markets/nifty-ends-below-8950-sun-pharma-hul-top-gainers_1321555.html?utm_source=ref_article

After a volatile day, the Sensex ended up 68.22 points at 29448.95, and the Nifty was up 15.10 points at 8937.75. About 1417 shares have advanced, 1450 shares declined, and 190 shares are unchanged. Sun Pharma, HUL, HDFC twins and Cipla were top gainers in the Sensex. Hindalco, Coal India, GAIL, TCS and Sesa Sterlite are major laggards.
Pharma shares Sun Pharma and Lupin led the pack on the NSE near the close on Thursday. At 3.20 pm Sun Pharma held gains of 3.35 per cent at Rs. 1,040.05. The share had closed the previous session at Rs. 1,006.30.
FIIs are overweight on India by 400-600 basis points, he says, adding a December 2015 Sensex target is 33000. 
Globally, China and Hong Kong markets took a beating after China lowered growth target to 7 percent for 2015. This will be the lowest growth target in 11 years, down from the 7.5 percent last year. 
European markets are flat today. In an ongoing spectrum auction, the government is assured of mopping up more than Rs 60,000 crore from the bids in the first day itself. The 900 mhz spectrum saw intense bidding with all spectrum assured of getting sold at prices on an average 30 percent higher than reserve price. Pipavav Defence tanked 10 percent while Reliance Infrastructure gained nearly 3 percent. 
Reliance Infra will first invest Rs 819 crore for 17.66 percent stake at Rs 63 per share and subsequently launch an open offer for an additional 26 percent stake at Rs 66 a share. 
The issue seeks to mobilise over Rs 1,400 crore consisting of 93.45 crore fully paid up equity shares of face value of Re 1 each. The equity shares are being offered on a rights basis to the eligible equity shareholders in the ratio of 3 equity shares for every 14 equity shares held on the record date of March 12.
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