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TOP CORPORATE NEWS- 14 AUG 2018

  Sun Pharma surges on strong India/US business, low R&D expenses Shares of Sun Pharma are up 7% as a reaction to the very strong Q1FY19 numbers. Sun Pharma’s revenue grew by 16.4% yoy to Rs7,224.2cr, while EBITDA grew by 46.6% yoy to Rs1,606.7cr in Q1FY19. We had expected revenue/ EBITDA of Rs6,907cr/ Rs1,517cr in

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 14 AUG 2018

  Closing Bell: Bulls make a comeback! Sensex ends 200 pts higher, Nifty above 11,400; banks, pharma surge Bulls took the momentum back from bears on Tuesday as benchmarks ended the day on a strong note, courtesy a surge in banks and pharmaceuticals among others. An uptick in midcaps, too, helped the market close in

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CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 14 AUG 2018

  Gold below $1,200 as Turkey tremors boost dollar. GOLD broke through the 1,200 mark yesterday for the first time since March 2017 as it continued to be pressured by the dollar’s steady rise on safe haven flows. In the latest data from CFTC as at August 7, short positions built up by speculative traders

CAPITALSTARS – MCX COMMODITY MORNING MARKET NEWS UPDATES – 14 AUG 2018

BULLION:- Gold prices traded steady on Tuesday, but hovered close to an 18-month low hit in the previous session. Gold prices sank below $1,200 per ounce on Monday to their lowest since late January 2017, losing out to U.S. Treasuries and a strong dollar as investors sought refuge from a financial market rout triggered by

CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 14 AUG 2018

Nifty likely to open flat. Indian Indices: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 8 points or 0.07 percent. Nifty futures were trading around 11,382-level on the Singaporean Exchange. Global Market: • Asian markets: Asian markets are lower today as Japanese and Hong Kong shares

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