Free Stock Tips | Intraday Tips
Nifty open flat ahead of August F&O expiry; rupee hits a record low of 70.81/$
Jet Airways, Ceat, Apollo Tyres, SpiceJet and InterGlobe Aviation are under pressure.
The share price of Laurus Labs advanced nearly 6 percent in the morning as the company received USFDA approval for Metformin Hydrochloride tablets.
The company has received an approval from USFDA (United States Food and Drug Administration) for Metformin Hydrochloride Tablets USP 500mg, 850mg, and 1000mg which are used for the treatment of diabetes.
Metformin Hydrochloride Tablets are therapeutically equivalent to Glucophage Tablets 500mg, 850mg, and 1000 mg of Bristol-Myers Squibb company.
It is a narrow move with steady inflow from domestic institutional investors, financial savings have been driving this rally. In last 12 months, about $19 billion DII inflows saw by the market.
DII inflows are not going to stop. In fact, financialization of savings in India is finding their way into equity markets.
The 30-share BSE Sensex rose 1.83 points to 38,724.76 while the 50-share NSE Nifty fell 1.40 points to 11,690.50.
Vedanta, Sun Pharma, UPL, Coal India, Cipla, Wipro, and ITC are early gainers.source- www.moneycontrol.com
HPCL, BPCL, IOC, SBI, Kotak Mahindra Bank, Yes Bank, Reliance Industries, ICICI Bank and Maruti Suzuki are under pressure.
Nifty Midcap was up 17 points.
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