Index Trend And Stocks In Action November 26, 2015

The Indian Market Continued To Trade In A Narrow Band Amid Choppy Session As Investors And Traders Remained On The Side-Lines Ahead Of Expiry For The November Derivative Contracts Which Is Due Today. Now Going Forward The Markets Will Keenly Watch The Winter Session Of Parliament, Beginning This Week And If The Governments Succeed To Push The Reforms At Good Pace It Would Be Positive For The Markets. On Technical Front the Index Has Formed a potentially doji Candlestick Pattern, Which Indicates Indecision Between Bulls And Bears. The Low Of This Doji Candlestick Is Very Important For The Bulls; If This Low Which Stands At 7810 Levels Is Breached With Decent Volumes Expect A Sharp Sell-Off In The Market And Next Immediate Support For The Market Stands At Levels Of 7700. On The Upside Level of 7890 Would Act As A Strong Resistance Zone. Expect High Volatility in the Market On account Of Commencement of the Parliament winter Session and November Series Expiry. 

DLF: Realty major DLF’s promoters have bought 23 lakh shares of the company through open market transaction for nearly 25 crore, raising their stake to 74.99 per cent. The 23 lakh shares were purchased between November 23-24 from open market, the country’s largest real estate company informed in a regulatory filing.

DR Reddy’s Laboratories: The US Food and Drug Administration (US FDA), which had issued a warning letter to DR Reddy’s Laboratories over quality issues, has said it might withhold approval off the company’s fresh drugs and stop imports if no corrective action is taken. The US regulator said it has found several violations with regard to current good manufacturing practices (CGMP) at three of its plants.

Lanco Infratech: Aiming to pare debt, Lanco Infratech will raise USD 1 billion through the sale of its large power projects and listing of its power business in the next two years.

Mahindra and Mahindra: Utility vehicle major Mahindra and Mahindra launched its premium sports utility vehicle XUV500 with automatic transmission. The automatic option will be available on three variants W8 FWD and W10 FWD and AW.

Sun Pharmaceuticals: Sun pharmais likely to be in action after its subsidiary has decided not to invest in wind energy business in the US. US subsidiary Taro Pharma in its annual general meeting notice has said it has withdrawn proposal worth USD 225 million to invest in wind energy business.