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Wednesday, 28 October 2015

CAPITAL STROKE UPDATE: CLOSING BELL 28-Oct-2015

CS CLOSING BELL Markets closed with severe loss breaking the crucial psychological levels in both the indices. The Sensex was down 213.68 points or 0.8 percent at 27039.76 and the Nifty slipped 61.70 points or 0.7 percent at 8171.20. About 1161 shares advanced, 1489 shares declined, and 186 shares were unchanged. Asian markets were mixed with Tokyo taking the lead. India’s world rank for ‘ease of doing business ‘ has improved and now it ranks 130th. NTPC will commence commercial operation of 500 MW unit of Vindhyachal Super Thermal Power Station (VSTPS) on October 30, 2015. With this, the total commercial capacity of Vindhyachal Super Thermal Power Station, NTPC and NTPC group will be 4,760 MW, 38442 MW and 44443 MW respectively. Vindhyachal Super Thermal Power Station will also become largest operating power station in the India. Rays Power s has bagged Rs 300 crore order from state-run NHPC Ltd for setting up a 50 MW solar power project at Sattur in Virudhunagar district of Tamil Nadu.As part of this order, Rays Power will implement the Engineering Procurement & Construction (EPC) Contract for development of 50 MW solar power project in Tamil Nadu. Ashoka Buildcon has bagged a contract worth $38.11 million (around Rs 247 crore) from Maldives-based Company Housing Development Corporation. Their 50:50consortium with Mohan Mutha Exports Pvt Ltd. has been awarded the EPC contract for development of road network for Hulhumale, Phase 2, Stage 1 Project by Housing Development Corporation (HDC), Republic of Maldives, to be completed within 18 months. Bharat Forge reorganized operations of its European subsidiaries to reduce costs and facilitate tax and fiscal consolidation, and efficient management.All the transactions are within Bharat Forge Group only and at book value. Max Healthcare (MHC) is set to acquire 51 per cent stake in Saket City Hospital here for an undisclosed amount from BK Modi group firm.MHC will acquire the stake from Smart Health City Pte Ltd, the Singapore based BK Modi Group company which manages and operates the Delhi based SCH. Located in the heart of South Delhi’s Saket area, SCH, which started operations in 2013, has 230 operational beds and is currently expanding to 300 beds. Natco Pharma has launched generic Hepcinat LP, which is in the treatment of chronic hepatitis C infection in adults, in Nepal. It priced its generic medicine, Hepcinat LP, at Rs 25,000 for a bottle of 28 tablets in Nepal, the company said in a filing to the BSE. Hepcinat LP is generic version of Ledipasvir and Sofosbuvir combination and is used in the treatment of chronic hepatitis C (CHC) genotype 1 infection in adults. Syndicate Bank has posted a rise of 5.31% in its net profit at Rs 332.37 crore for the quarter ended September 30, 2015 as compared to Rs 315.60 crore for the same quarter in the previous year. Total income has increased by 17.41% at Rs 6670.19 crore for quarter under review as compared to Rs 5680.96 crore for the quarter ended September 30, 2014. Tata Elxsi has reported 61.18% rise in its net profit at Rs 38.10 crore for the quarter ended September 30, 2015 as compared to Rs 23.64 crore for the same quarter in the previous year. The company’s total income has increased by 28.56% to Rs 266.37 crore for the quarter under review from Rs 207.20 crore for the corresponding quarter of the previous year. Dabur India has reported 20.68% rise in its net profit at Rs 227.66 crore for the quarter ended September 30, 2015 as compared to Rs 188.65 crore for the same quarter in the previous year. The company’s total income has increased by 9.06% to Rs 1446.47 crore for the quarter under review from Rs 1326.36 crore for the corresponding quarter of the previous year. Amara Raja Batteries has reported 22.20% rise in its net profit at Rs 122.57 crore for the quarter ended September 30, 2015 as compared to Rs 100.3 crore for the same quarter in the previous year. The company’s total income has increased by 9.22% to Rs 1169.93 crore for the quarter under review from Rs 1071.17 crore for the corresponding quarter of the previous year. Commodity Copper futures fall to 1-week low on China demand concerns;WTI oil futures trade near 2-month low ahead of inventory data;Gold futures steady near $1,170 ahead of Fed outcome;Russia Stainless Steel Imports Increase in September 2015;Turmeric Extends Losses, Export Demand Stays Weak Data to Watch 6:00pm USD Goods Trade Balance -64.9B -67.2B 8:00pm USD Crude Oil Inventories 3.7M 8.0M 11:30pm USD FOMC Statement USD Federal Funds Rate <0.25% <0.25% For more details visit: http://www.capitalstroke.com/ or contact on 09770570009

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