Key benchmark indices hovered in negative zone in mid-morning trade. The S&P BSE Sensex was down 137.54 points or 0.66%, up 28.77 points from the day's low and off 177.05 points from the day's high. The market breadth, indicating the overall health of the market, was negative. Auto stocks edged lower. Hero MotoCorp rose ahead of its quarterly earnings today, 23 October 2013. Cadila Healthcare rose after the company secured USFDA approval for initiating Phase I clinical trials of ZYDPLA1 --a novel next generation orally active, small molecule DPP-4 inhibitor to treat Type 2 diabetes.
Who Moved and Why
1) Cadila Healthcare in the pink of health.
2) Yes Bank gains over 5% in two sessions.
3) Eros International gains after strong Q2 results.
4) V-Guard drops after weak Q2 numbers.
5) Gujarat Pipavav Port soars after robust Q3 numbers.
6) Gujarat Fluoro chemicals drop after poor Q2 results.
7) Wipro tumbles after Q2 results.
8) Cairn India drops after Q2 results.
Read detail analysis report here: - http://rrfinance.tumblr.com/post/64853350499/market-wrap-up-auto-stocks-slide
Who Moved and Why
1) Cadila Healthcare in the pink of health.
2) Yes Bank gains over 5% in two sessions.
3) Eros International gains after strong Q2 results.
4) V-Guard drops after weak Q2 numbers.
5) Gujarat Pipavav Port soars after robust Q3 numbers.
6) Gujarat Fluoro chemicals drop after poor Q2 results.
7) Wipro tumbles after Q2 results.
8) Cairn India drops after Q2 results.
Read detail analysis report here: - http://rrfinance.tumblr.com/post/64853350499/market-wrap-up-auto-stocks-slide
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