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Thursday, February 4, 2016

Equity Tips
Sensex, Nifty extend gains; Lupin rebounds, Maruti drags

The market continued to see marginal gains in morning with the Sensex rising 69.27 points to 24407.70 and the Nifty climbing 20.90 points to 7424.90. The BSE Midcap outperformed benchmark indices, up 0.7 percent while Smallcap gained 0.2 percent.

Lupin rebounded after early losses, rising 0.6 percent ahead of third quarter earnings that are expected to be weak due to US business.

Axis Bank, ICICI Bank, Sun Pharma, HUL, Hero Motocorp and Hindalco gained 1-2 percent while Maruti Suzuki, GAIL and Tata Steel were down 1.6-2.6 percent.

Headlines for the day:
Essar Power Hazira earns Rs53 cr sales in December quarter
Zydus Wellness Q3 net profit at Rs27.2 cr
Berger Paints Q3 net profit up 37% at Rs101 crore

RESULT’S ON 5th  FEB  2016 :
DIVIS LAB, EICHER, LUPIN, SOBHA, PTC, RADICO, CADILA

Trend in FII flows:
The FIIs were net  sellers of  Rs -195.92 Cr in the cash segment on Thursday while the DIIs were net buyers of  Rs 476.44 Cr, as per the provisional figures released by the NSE.

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