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Board of Mesco Pharmaceuticals to consider Q2 and HY results
Nov 08,2016

Mesco Pharmaceuticals announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, inter alia, to consider and take record the Un-audited Financial Results of the Company for the quarter and Half year ended 30 September 2016.

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Board of Mesco Pharmaceuticals to consider Q2 and HY results
Nov 08,2016

Mesco Pharmaceuticals announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, inter alia, to consider and take record the Un-audited Financial Results of the Company for the quarter and Half year ended 30 September 2016.

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Rudraksh Cap-Tech to announce September quarter results
Nov 08,2016

Rudraksh Cap-Tech announced that the meeting of the Board of Directors of the Company will be held on 11 November 2016, inter alia, to transact the following business:

- To consider, adopt and approve Unaudited Financial Results for the quarter ended on 30 September 2016.

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Rudraksh Cap-Tech to announce September quarter results
Nov 08,2016

Rudraksh Cap-Tech announced that the meeting of the Board of Directors of the Company will be held on 11 November 2016, inter alia, to transact the following business:

- To consider, adopt and approve Unaudited Financial Results for the quarter ended on 30 September 2016.

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Tata Motors moves north on foreign brokerage upgrade
Nov 08,2016

Meanwhile, the S&P BSE Sensex was up 22.86 points or 0.08% at 27,481.85.

On BSE, so far 5.79 lakh shares were traded in the counter as against average daily volume of 5.90 lakh shares in the past two weeks. The stock hit a high of Rs 535.40 and a low of Rs 516.30 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had underperformed the market over the past one month till 7 November 2016, sliding 10.32% compared with 2.15% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, declining 1.75% as against Sensexs 2.21% fall.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Meanwhile, Tata Motors before market hours today, 8 November 2016 in a clarification with regard to news item titled FIIs raise concerns over Tata Motors Governance said that it is not in receipt of any such letter as is referred to in the news article and hence, has no comments to offer.

Tata Motors consolidated net profit declined 57% to Rs 2260.40 crore on 10.1% rise in net sales to Rs 64940.12 crore in Q1 June 2016 over Q1 June 2015. The company will announce its Q2 results on 14 November 2016.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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Jainco Projects (India) to announce Q2 results
Nov 08,2016

Jainco Projects (India) announced that the meeting of Board of Directors of the company will be held on 14 November 2016, to consider the unaudited financial results for the second quarter ending 30 September 2016.

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Jainco Projects (India) to announce Q2 results
Nov 08,2016

Jainco Projects (India) announced that the meeting of Board of Directors of the company will be held on 14 November 2016, to consider the unaudited financial results for the second quarter ending 30 September 2016.

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Broad rally at Wall Street ahead of Presidential Election
Nov 08,2016

The stock market began the week on a broadly higher note on Monday, 07 November 2016 at Wall Street as diminished political uncertainty boosted risk appetite ahead of tomorrows US presidential race. U.S. stocks on Monday had their best day since March on a percentage basis after the Federal Bureau of Investigation said its review of a new batch of Democratic presidential nominee Hillary Clintons emails wont lead to charges. Gains were broad, with the Dow Jones Industrial Average reclaiming the key 18,000 level and the S&P 500 snapping its nine-day losing streak, the longest since 1980. The slide had been attributed partly to polls showing a closer contest between Clinton and Republican rival Donald Trump.

The Dow Jones Industrial Average soared 371.32 points, or 2.1%, to close at 18,259.60. The Nasdaq Composite Index climbed 119.80 points, or 2.4%, to end at 5,166.17. The S&P 500 index rose 46.34 points, or 2.2%, to finish at 2,131.52.

Financials, industrials, health care and technology paced the advance. The controlled action likely came with the understanding that the presidential race remains fairly tight.

In the financial sector, Goldman Sachs and J.P. Morgan Chase each gained more than 3%.

In the technology sector, Dow components Intel and Microsoft gained 3.2% and 3.0%, respectively. Intel finished at the top of the price-weighted average.

Todays economic data was limited to the Consumer Credit report for September. Total outstanding consumer credit increased by $19.3 billion in September (consensus $17.5 billion) after increasing an upwardly revised $26.8 billion (from $25.9 billion) in August.

The dollar saw big gains, with the ICE Dollar Index which measures the greenback against a half-dozen rivals, up 0.7%.

Gold was down sharply, after gaining 2.2% last week. December gold ended todays session down $24.60 (-1.9%) to $1279.90/oz. December silver closed todays session $0.21 lower (-1.1%) at $18.16/oz.

Oil prices rose more than 1%. Crude oil rallied off of 6-week lows hit on Friday, snapped its 6-session loss streak, saw a boost ahead of tomorrows Presidential election. December crude oil futures rose $0.74 (+1.7%) to $44.82/barrel.

Treasuries finished on a lower note as the long end of the curve underperformed. The yield on the 2-yr note finished higher by three basis points (0.82%) while the yield on the 10-yr note ended up five basis points (1.83%).

Todays trading volume was above the average of 861 million as more than 889 million shares changed hands at the NYSE floor.

Tomorrows economic data will be limited to the Job Openings and Labor Turnover Survey for September, which will be released at 10:00 ET.

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Sirhind Steel Board to consider September quarter results
Nov 08,2016

Sirhind Steel announced that a meeting of Board of Directors of the Company will be held on 11 November 2016, inter alia, to consider and take on record the Unaudited Financial Results for the Quarter ended 30 September 2016.

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Sirhind Steel Board to consider September quarter results
Nov 08,2016

Sirhind Steel announced that a meeting of Board of Directors of the Company will be held on 11 November 2016, inter alia, to consider and take on record the Unaudited Financial Results for the Quarter ended 30 September 2016.

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Adani Enterprises incorporates a JVC named - Adani-Elbit Advanced Systems India
Nov 08,2016

Adani Enterprises announced that the Company and Elbit Systems, Israel have incorporated a JVC named, Adani-Elbit Advanced Systems India (AEASIL) on 07 November 2016 in the ratio of 51:49.

The newly incorporated entity belongs to the aerospace and defence manufacturing industry and is yet to commence business.

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Adani Enterprises incorporates a JVC named - Adani-Elbit Advanced Systems India
Nov 08,2016

Adani Enterprises announced that the Company and Elbit Systems, Israel have incorporated a JVC named, Adani-Elbit Advanced Systems India (AEASIL) on 07 November 2016 in the ratio of 51:49.

The newly incorporated entity belongs to the aerospace and defence manufacturing industry and is yet to commence business.

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Board of Indraprastha Gas to consider Q2 results & interim dividend
Nov 08,2016

Indraprastha Gas announced that a meeting of the Board of Directors is scheduled to be held on 16 November 2016, inter-alia:

1. to consider and approve the Unaudited Financial results for the quarter and half year ended 30 September 2016 (Q2) and,

2. to consider declaration of interim dividend on the equity shares of the Company for the Financial Year 2016-2017.

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Board of Indraprastha Gas to consider Q2 results & interim dividend
Nov 08,2016

Indraprastha Gas announced that a meeting of the Board of Directors is scheduled to be held on 16 November 2016, inter-alia:

1. to consider and approve the Unaudited Financial results for the quarter and half year ended 30 September 2016 (Q2) and,

2. to consider declaration of interim dividend on the equity shares of the Company for the Financial Year 2016-2017.

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Vijaya Bank gains after announcing plans to raise capital
Nov 08,2016

The announcement was made after market hours yesterday, 7 November 2016.

Meanwhile, the BSE Sensex was up 10.46 points, or 0.04%, to 27,469.45.

On BSE, so far 16,971 shares were traded in the counter, compared with an average volume of 93,211 shares in the past one quarter. The stock hit a high of Rs 42.25 and a low of Rs 41.40 so far during the day. The stock hit a 52-week high of Rs 46.60 on 27 October 2016. The stock hit a 52-week low of Rs 28.70 on 18 January 2016. The stock outperformed the market over the past one month till 7 November 2016, gaining 1.22% compared with Sensexs 2.15% decline. The scrip also outperformed the market in past one quarter, gaining 5.08% as against Sensexs 2.21% fall.

The mid-cap PSU bank has an equity capital of Rs 998.85 crore. Face value per share is Rs 10.

Vijaya Banks net profit rose 34.1% to Rs 154.55 crore on 9.8% rise in total income to Rs 3516.57 crore in Q2 September 2016 over Q2 September 2015.

As per the shareholding pattern, the Government of India held 70.33% stake in the bank as at 30 September 2016. LIC held 13.54% stake in Vijaya Bank as at 30 September 2016.

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