Indian equity benchmark indices changed the downward streak today and registered overall gain after 2 consecutive trading sessions of heavy losses. Nifty trades over the psychological level of 5500 and ended the day at 5559.20 up by 40.10 points while Sensex ended the day at 18789.34 up by 124.46 points.
Ranbaxy surged more than 25% as its joint venture with Malaysian shareholders - Ranbaxy Malaysia Sdn Bhd (RMSB) - was allocated site for setting up a Greenfield manufacturing facility in Malaysia. Ranbaxy's dollar revenues were encouraging, with the U.S. business reporting a 25% sequential growth.
Jet Airways has reported a net loss of Rs 355.38 crore for the first quarter ended June 30, 2013, compared to a profit of Rs 24.7 crore in the same period a year-ago. Total income from operations declined to Rs 4,005.15 crore during the June quarter from Rs 4,587.27 crore in the year-ago period.
Among the sectoral indices CNX Metal (2.73%), CNX Realty (2.26%) and CNX Auto (1.78%) were among the top gainers while CNX PSU Bank (-1.40%), CNX Pharma (-0.31%) and CNX Energy (-0.09%) were top losers.
Out of 50 stocks of Nifty 38 stocks advanced while 12 stocks declined.
Top 5 Nifty gainers: Ranbaxy (28.60%), Hindalco (5.78%), CIPLA (5.73%), Tata Steel (5.72%) and DLF (4.27%) were top index gainers.
Top 5 Nifty losers: SBI (-3.60%), Sun Pharma (-3.08%), LUPIN (-2.92%), Dr. Reddy (-1.28%) and Reliance (-1.07%) were top index losers.
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