26 th feb 2018 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
trend-today PowerPoint Presentation
Download Presentation
trend-today

Loading in 2 Seconds...

play fullscreen
1 / 6

trend-today - PowerPoint PPT Presentation


  • 2 Views
  • Uploaded on

The US FDA inspection of Sun Pharma\'s crucial Halol site in Gujarat that was widely expected to\nend on Friday, could possible extend by a day or two, said sources.\nThe facility is under US FDA warning letter since December 2015.The drug maker declined to\ncomment. Dilip Shanghvi, who is attending the India Pharmaceutical Forum, said the company as\na policy will not talk on ongoing regulatory inspections.\nThe current US FDA inspection began on February 12.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'trend-today' - shwetu


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
husains

Husains

MARKET WRAP

Equities have ended the day on a strong note, with the Sensex gaining over 300 points, while

the Nifty ended just below 10,500.

The Sensex is up 322.65 points or 0.95% at 34142.15 and the Nifty is up 108.30 points or 1.04%

at 10491.00. The market breadth is positive as 1894 shares advanced, against a decline of 829

shares, while 208 shares are unchanged.

Sun Pharma, Tata Steel, Yes Bank and UPL gained the most on both indices, while Asian Paints,

Infosys, and GAIL were the top losers.

BROAD MARKET INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY 50

10382.7

10408.1

10499

10396.7

10491.05

1.04

NIFTY NEXT 50

28920.5

29035.6

29415

29010.9

29375.65

1.57

NIFTY MIDCAP 50

5052.95

5082.3

5191.6

5075.65

5185.65

2.63

NIFTY100 LIQ15

4304

4316.25

4404.1

4312.2

4397.4

2.17

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

asian index

ASIAN INDEX

INDEX

OPEN

HIGH

LOW

CLOSE

%CHANGE

NIKKEI 225

21789.7

21903

21742

21893

0.71

HANG SENG

31289.1

31387

31149

31267

0.96

TAIWAN

10689

10799

10689

10795

1.22

SSE

3275.43

3294.1

3258.5

3289.2

0.63

INDIAN MAJOR SECTORAL INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY BANK

24955.20

25002.25

25345.15

24962.85

25302.50

1.39

NIFTY FIN SERVICE

10396.85

10416.90

10529.75

10396.90

10519.00

1.17

NIFTY IT

12730.25

12784.10

12888.00

12701.10

12871.15

1.11

NIFTY PHARMA

8861.75

8924.30

9124.70

8909.80

9095.40

2.64

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update

STOCK UPDATE

Sun Pharma's Halol inspection may end on Friday

The US FDA inspection of Sun Pharma's crucial Halol site in Gujarat that was widely expected to

end on Friday, could possible extend by a day or two, said sources.

The facility is under US FDA warning letter since December 2015.The drug maker declined to

comment. Dilip Shanghvi, who is attending the India Pharmaceutical Forum, said the company as

a policy will not talk on ongoing regulatory inspections.

The current US FDA inspection began on February 12.

Halol is critical for Sun Pharma as most of the complex pipeline that includes injectables, topical

solutions and inhalation products are filed from this facility. Sun Pharma is banking on complex

products to beat the pricing pressure it faces in the US market.

The current inspection was triggered after US FDA re-inspected the Halol facility from November

17, 2016 through December 1, 2016 and issued nine Form 483 observations.

The observations were related to data reporting standards, testing procedures, and lab controls.

Halol is an important plant for the company and contributed 12-15 percent to its US sales before

the factory received a warning letter from the US FDA for violation of manufacturing norms in

December 2015.

The warning letter blocked new product approval from that facility impacting the company’s US

business.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update 1

STOCK UPDATE

IT stocks pare losses post fall on US visa policy worries

Information technology (IT) stocks pared some losses after witnessing some pressure on the

back of cautiousness on the US’ visa policy.

The Nifty IT index had fallen over half a percent before witnessing a recovery. TCS as well as

Infosys had also made it to the Sensex top losers’ chart, before cutting these losses.

The Trump administration announced a new policy that makes very tough the procedure of

issuing H-1B visas to those to be employed at one or more third-party worksites, a move that will

hugely impact Indian IT companies and their employees.

Under the new policy, the company would have to go an extra length to prove that its H-1B

employee at a third-party worksite has specific and non-qualifying speculative assignments in

speciality occupation.

The H-1B programme offers temporary US visas that allow companies to hire highly skilled

foreign professionals working in areas with shortages of qualified American workers.

TAGS #Buzzing Stocks.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com