DSIJ Mindshare

The stock price took a beating after company's second quarter results. It reported net loss of Rs. 1061.99 crore for the quarter as compared to loss of Rs. 651.55 crore for same quarter of last fiscal year. 

The strong positive bias, which the Indian markets are currently trading with, is not likely to subside anytime soon. In early action, the SGX Nifty is trading higher by 3 points at 11,809 levels. There is not much on the global front to drive the markets today as global cues are mixed, hence, the earning season will continue to drive the sentiment on the D-Street. 

Overall, the bulls are in the driver seat and, we believe, there is still some steam left on the upside until the music stops and actually breaks the key support. We would advise traders not to argue against what the market is telling you through the price action. Stocks in news: Central Bank of India, Bandhan Bank, Lemon Tree, InterGlobe Aviation, Wipro and PVR.

Alembic Pharmaceuticals has reported results for second quarter ended September 30, 2019. The shares of the company gained around 2 per cent intraday on the back of the result announcement.

The BSE Sensex ended at 39831.84, up by 581.64 points or 1.48%. The broader indices ended in green; the BSE Mid cap index gained 1.13%, while Small cap index was up by 0.57%.