NSE BSE Indian Stock Tips - Aceinvestmentadvisory.com: 09/16/15

Wednesday, September 16, 2015

Sensex Surges to Regain 26,000 Amid Spike in China Shares

Sharemasterindia.com: BSE Sensex and Nifty traded sharply higher on Wednesday, after China stock markets surged nearly 5 per cent. The Sensex rose 300 points while Nifty traded firm above 7,900.

Here are top 10 developments:

Nifty Gainers/ Losers

Gainers
Symbol	LTP	% chng	Volume
YESBANK AMBUJACEM AXISBANK SUNPHARMA BHARTIARTL	759.10 209.90 494.80 887.50 359.00	4.13 2.69 2.50 2.41 2.28	54,26,183 35,25,137 72,84,103 56,70,476 26,79,205

Losers
Symbol	LTP	% chng	Volume
BPCL BOSCHLTD NMDC ASIANPAINT LT	864.10 21,665.25 100.65 821.00 1,546.65	-1.76 -1.62 -1.47 -1.22 -0.74	14,03,917 17,045 13,93,809 6,64,591 25,12,711

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Orchid Chemicals Jumps 6% on Debt Rejig Plans

Sharemasterindia.com: Orchid Chemicals shares jumped as much as 6 per cent on Wednesday after it said that it is looking to convert some of its rupee loan to dollar denominated loans to reduce its interest burden.

The pharma company in a clarification to the BSE said, "The company is currently in talks with banks to explore the possibility of converting its rupee debt into dollar denominated debt. This plan is to try and reduce the interest burden on the company which will ultimately be beneficial to the company's bottom line."

Orchid Chemicals had a total debt of Rs 3,395 crore as on March 31, 2015.

United Spirits Falls on Inquiry Over Vijay Mallya's Kingfisher Airlines

Sharemasterindia.com: United Spirits shares traded down for a second consecutive session, falling as much as 1.6 per cent against 0.8 per cent gain in the broader markets on Wednesday. Traders attributed the selling in United Spirits - India's biggest liquor company- to the ongoing investigation in former group firm Kingfisher Airlines over alleged diversion of funds.

The Serious Fraud Investigation Office or SFIO is probing alleged mismanagement of over Rs 8,000 crore of funds since 2005, when liquor baron Vijay Mallya's UB Group-controlled Kingfisher Airlines and United Spirits, according to media reports.

BSE Sensex Moves Higher Ahead of Fed Rate Decision

Sharemasterindia.com: BSE Sensex and Nifty moved higher on Wednesday, tracking gains in most Asian markets. The Sensex rose over 200 points while Nifty jumped to 7,887 at its day's high.

Here are top 10 developments: