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What You Should Know About The Stock Market End of Day

Nifty 1

END OF THE DAY REPORT (9th MARCH 2015):

Sensex crashes over 600 points; Pharma gains.

Markets end near one month low, biggest single-day fall in three months amid profit booking as stronger than expected US job data raised exceptions that Fed would raise interest rate soon.

Nifty, Sensex falls 2%, Sensex ends below 28844 dips nearly 600 while Nifty ends at 8756.

HEADLINES FOR THE DAY:

  • Ranbaxy, Sun Pharma hits fresh high after HC of Punjab and Haryana gives nod for merger.
  • Metal dips on fears that higher rates paid to acquire coal mines would hurt margins going forward.
  • Rail stock were in demand TWL hits fresh high.
  • IT stocks like TCS, MindTree dips on profit booking post Q4FY15 dollar revenue outlook.
  • SPARC gains 15%; the company announced USFDA approval of ELEPSIA XR.
  • 8K Miles moved higher as US arm buys Canadian firm.
  • Dishman Pharma gains on the back of heavy volumes.

SOME STOCKS FOR NEXT TRADING SESSION:

  • Eveready moved higher on the back of heavy volumes; Buy Eveready EQ above 285 Targets 287.85/290.75/293.65 SL 282.
  • SPARC gains on USFDA approval; Buy SPARC EQ above 564.40 Targets 570/575.70/581.50 SL 558.50.

GLOBAL MARKET:

  • European shares dip as investors cautious on the Greek bailout agreement ahead of a Euro group meeting scheduled today (later in the day).
  • Asian stocks fall as US data sets the pointed to economies in the region still struggling to re-ignite growth and attention switches to Europe and more talks with Greece.

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