Vedanta, Tata Steel, and Indiabulls Housing are the top gainers, while Sun Pharma, M&M, and HPCL have lost the most.
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| Stock Market News and Tips |
Market Update(09:30): Equity benchmarks are marginally off their day’s highs. The Nifty has continued to hold 10,900, while the Sensex is up over 150 points.
The Sensex is up 178.31 points or 0.49% at 36372.61, while the Nifty is higher by 43.00 points or 0.40% at 10919.80. The market breadth is positive as 1,011 shares advanced, against a decline of 660 shares, while 70 shares were unchanged.
Vedanta, Tata Steel, and Indiabulls Housing are the top gainers, while Sun Pharma, M&M, and HPCL have lost the most.
MORGAN STANLEY ON UPL |
Morgan Stanley has an overweight call on UPL with a target of Rs 864. It highlighted how the management reiterated its organic business guidance of constant currency revenue growth of 10-12 percent. Further, the operating margin expansion of 50-75 basis points as a guidance was also something that the brokerage took a note of. Expert in his Free Stock Tips observed that the season is underway in Brazil and it is off to a strong start.
Motherson Sumi gains 6% Shares of Motherson Sumi are higher by 6 percent as investors bet on its overseas business prospects, following a tweet from US President Donald Trump. He wrote that China will be reducing and removing tariffs into cars coming from the US.
NIKKEI MANUFACTURING PMI RISES TO 54 IN NOVEMBER
Nikkei India Manufacturing PMI for November has risen to 54, up from 53.1 that was recorded in October.
The latest figure signaled the strongest improvement in the health of the sector in almost one year.
source:- Moneycontrol
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