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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 31 DEC 2019

Tuesday Equity Wrap Up

MARKET WRAP UP

Closing Bell: – Sensex plunges 304 points, Nifty ends below 12,200 on the last day of CY19

Sensex ended down 304.26 points or 0.73 percent at 41253.74 while the Nifty shed 87.40 points or 0.71 percent at 12168.50. NTPC, Tata Motors and Sun Pharma are the top gainers while Tech Mahindra, Bajaj Auto and Reliance Industries are the top losers. Among the sectors, the Auto and IT index fell the most. About 1351 shares have advanced, 1184 shares declined, and 185 shares are unchanged.

HEADLINES OF THE DAY.

FM Nirmala Sitharaman LIVE: National infra projects worth over Rs100 lakh cr announced Power, Rail, Renewables, Urban, Irrigation Mobility, Water, and health to form bulk of Rs105 lakh cr projects.

Alkem Labs to acquire assets related to API Dronabinol; stock spurts 2% the cost of acquisition includes $10mn plus suitable working capital adjustments on closing, the pharma company added.

Indoco Remedies receives final approval of ANDA for Febuxostat Tablets the market size of Febuxostat tablets in USA is over $500mn. Febuxostat is used for the treatment of gout caused by excessive levels of uric acid in the blood (Hyperuricemia).

Cochin Shipyard declared successful resolution applicant by Timba Shipyards CoC the implementation of the transaction will be subject to compliance with applicable regulatory requirements and as per the final terms approved by the National Company Law Tribunal, the company said.

Reliance Jio adds 91 lakh new subscribers in October: TRAI Vodafone Idea added 1.9 lakh new subscribers, while Airtel added 81,974 subscribers, taking their subscriber base to 37.27cr and 32.56cr, respectively, as per TRAI data.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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