Thursday 30 July 2015

Sensex maintains uptrend; Midcap up 1%, Dr Reddy's gains 4%-- 30 july 2015

Dr Reddy's Labs jumped more than 4 percent after better than expected earnings in June quarter. Profit grew by 14 percent year-on-year to Rs 626 crore and revenue rose by 7 percent, supported by North America and India businesses.

                                 
The market continued to see buying interest in afternoon trade, supported by FMCG, banking & financials, auto and select pharma stocks. The Sensex gained 195.06 points or 0.71 percent at 27758.49 and the Nifty rose 56.55 points or 0.68 percent to 8431.60. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1 percent and 0.9 percent, respectively. About 1710 shares have advanced, 1013 shares declined, and 139 shares are unchanged on the BSE. Dr Reddy's Labs jumped more than 4 percent after better than expected earnings in June quarter. Profit grew by 14 percent year-on-year to Rs 626 crore and revenue rose by 7 percent, supported by North America and India businesses.


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