DSIJ Mindshare

A follow-through above 10,450 level would give more confidence to the bullish side and in case Nifty sustains above this level for at least half an hour, there is a high probability that Nifty may test its swing high of 10,553. Stocks in news: MPS, NLC India, Coal India, Polycab, India Cements.

The tractor segment in India also has a few unlisted players such as Tractors and Farm Equipment (TAFE), International Tractors, CNH Industrial (India). Numbers from these players would further give strength to the sentiment for the overall sector.

Asian Granito India Limited (AGIL), one of the largest manufacturers of quartz in India informed the exchanges that owing to a sharp decline in CVV and anti-dumping duty by USA on the import of Indian quartz, the company is set to benefit in terms of export sales to USA.

On Wednesday, Alembic Pharma announced that it has received approval from United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Doxycycline Hyclate tablets USP, in dozes of 75 mg and 150 mg.

Domestic benchmark indices closed higher with Sensex gaining by 498.65 points or 1.43 per cent at 35,414.45 while Nifty jumped by 116.20 points or 1.13 per cent to close at 10,418.30 level.