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Shares of the Mumbai-based drugmaker rose as much as 8.25 percent, the most since October 4, to Rs 51.85 after the company received an Establishment Inspection Report (EIR) from the U.S. FDA for its Goa facility, the company said in an exchange filing.
The inspection was carried out from 3-7 April 2017.
Shares of the Hyderabad-based chemical maker jumped as much as 6.8 percent, the most since September 19, to Rs 192.8 after well-known investor Dolly Khanna raised her stake in the company to 2.04 percent, according to the data available on the BSE.
Dolly Khanna increased stake in the company from 42,68,092 shares (1.27 percent) to 68,77,710 (2.04 percent), according to September 2017 filing.
Shares of the Gurgaon-based food processor rose as much as 3.37 percent, the most since September 29, to Rs 66 after the company launched premium rice based snacks under the brand name KARI KARI.
Shares of the Delhi-based leather apparel exporter jumped as much as 3.65 percent, the most since October 5, to Rs 622.35 after the company won an order for supplying leather to U.S.-based Coach Inc, the company said in an exchange notification.
Dhruvesh Sanghvi On Page Industries
Ashish Chaturmohta On Page Industries
MAS Financial Services' Rs 460 crore IPO was subscribed 197.05 percent as of 11:00 a.m. on day 2 of subscription.
Shares of the jewelery retailers like Tribhovandas Bhimji Zaveri, Titan Company, Gitanjali Gems, Thangamayil Jewellery and PC Jeweller jumped up to 5 percent after the government on Friday relaxed norms for buying gold jewellery above Rs 50,000.
Finance Minister Arun Jaitley on Friday said that people buying jewellery above Rs 50,000 will not be required to mention their PAN or Aadhaar details.
Shares of the Mumbai based active pharmaceutical ingredient maker fell as much as 15.65 percent, the most in over two years, to Rs 328 after its drug to treat spasticity due to multiple sclerosis- Baclofen GRS failed to meet statistical significance.
Shares of the Bangalore-based real estate developer jumped as much as 8.7 percent, the most in over four months, to Rs 425.90 after it sold 8,61,084 square feet of real estate valued at Rs 675.1 crore at an average realisation price of Rs 7,840 per square feet.
The sales volume was up 5.6 percent compared to previous quarter, the company said in an exchange notification on Friday.
Meanwhile, foreign brokerage CLSA in a note said Sobha Q2FY18 pre-sales at 10-quarter high. Sobha’s steady execution and good project portfolio helped to perform well during tough transition times. Expect pre-sales to do well for the next few quarters.
Shares of the Mumbai-based entertainment channel rose as much as 2.2 percent, the most since September 18, to Rs 533 after it acquired 100 percent stake in two media entities 9X Media and INX Music for Rs 160 crore, the company said in an exchange notification post market hours on Friday.
The bull run in India's sovereign bonds is losing steam as rising inflation and the risk of a wider fiscal deficit have clouded the outlook for Asia's highest yielding securities. This seems to be the broad investor view with institutions like HSBC and Emkay Global Financial Services expecting a further rise in the benchmark yields. The yield on the 10-year note is already up 24 basis points so far this year. Also, with risk of a higher inflation number, the RBI too has little room to reduce rates further.
For the day, buying may resume after three straight sessions of sell-off though the overall sentiment remains weak. A range of 6.74-6.78 percent is likely.
In the currency market, Asians are trading stronger against the greenback as the dollar index declined. China opens after a holiday week but with Korea, Taiwan, Japan and the US closed today, the market may see less action. Rupee may stay in a range of 65.25-65.45 a dollar in the session.
We stay overweight on sectors like metals, energy and IT, says Credit Suisse's Neelkanth Mishra. pic.twitter.com/JEwrHjE2rS
— BloombergQuint (@BloombergQuint) October 9, 2017
Here's a quick look at corporate insider trades on Friday.https://t.co/xAEndlF4lk pic.twitter.com/MPAohvmGY2
— BloombergQuint (@BloombergQuint) October 9, 2017
Back to the onion futures, India, writes @davidfickling. https://t.co/FnG1LzO555 pic.twitter.com/FWDUSW8lVz
— BloombergQuint (@BloombergQuint) October 9, 2017
India’s record year for initial public offerings so far hasn’t made the companies richer.https://t.co/Exvz6peZ24 pic.twitter.com/i5CisnSy3J
— BloombergQuint (@BloombergQuint) October 9, 2017
Morgan Stanley's 5 big ideas for the next decade of Indian economy.https://t.co/ENO3OXx7Du pic.twitter.com/6YuqDRhmJd
— BloombergQuint (@BloombergQuint) October 8, 2017
For a complete list of stocks to watch click here
Kingfisher Probe: Officials, directors under lens for violations.https://t.co/9mb8AlGHDL pic.twitter.com/LaK3I4q5Hc
— BloombergQuint (@BloombergQuint) October 9, 2017
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.jpg?downsize=1080:540 "Sensex, Nifty End On A Flat Note; Real Estate Shares Outperform")
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