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Aug 26, 2019 11:19 AM IST | Source: Moneycontrol.com
Among sectors, except PSU banks all indices are trading in the red led by the metal, auto, energy, infra, pharma, IT and FMCG.
Buzzing: Share price of Dynamatic Technologies surges more than 19 percent on August 26 after India Ratings changed its outlook change to positive from stable.
India Ratings & Research has revised the outlook to positive from stable while affirming its long-term issuer rating at IND BBB+.
Fire incident at Nectar Lifesciences’ Punjab unit: An incident of fire/ explosion has been occurred in Unit II, Village Saidpura, Tehsil Derabassi, Distt. S.A.S, Nagar (Mohali) Punjab, in the afternoon August 24, 2019.
Unichem Laboratories down 3%: Share price of Unichem Laboratories declined more than 3 percent on August 26 after company received one observation from USFDA.
Benchmark indices recovered from day’s low to trade flat amid global fall. Finance Minister Nirmala Sitharaman’s announcements to boost economy failed to revive market sentiment.
The BSE Sensex was down 1.56 points at 36,699.60 and the Nifty50 fell 14.30 points to 10,815.10 but the market breadth was in favour of bulls.
About three shares advanced for every two shares falling on the BSE.
Nomura Upgrades India
Japanese brokerage house Nomura upgraded its India rating to overweight, saying it is the time to raise allocation on positive local developments amid rising global uncertainty.
According to the research house, reform measures and sectoral incentives could provide a much needed booster shot for the economy. “We expect recovery in economic growth to 6.6 percent in second half of FY20 from 5.8 percent in first half,” it said.
Indian market with less than average leverage to global growth could do relatively better, it feels.
L&T bags order from NTPC: Share price of Larsen & Toubro added nearly 2 percent on August 23 after company won an order from NTPC.
Market Update: Benchmark indices erased all its morning gains and turns negative with Nifty around 10,750.
The Sensex is down 187.60 points at 36,513.56, while Nifty was down 68.10 points at 10,761.30. About 965 shares have advanced, 759 shares declined, and 73 shares are unchanged.
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