Monday 22 August 2016

Sensex hovers around 28000; Shriram EPC, Fortis Malar surge 20%


Epic Update Fortis Healthcare.

Equity benchmarks continued to trade in a tight range ahead of expiry of August derivative contracts and speech of Federal Reserve Chief Janet Yellen at Jackson Hole.

The Sensex was up 16.74 points at 28002.28 and the Nifty gained 6.10 points at 8635.25. The market breadth was positive as about 1113 shares advanced against 726 declining shares on the BSE.

Shriram EPC shares gained 20 percent after its subsidiary Shriram EPC FZE, Sharjah has bagged an order worth USD 230 million (Rs 1,530 crore) from Moon Iron & Steel Co (MISCO), Oman.

Fortis Malar rallied 20 percent for the second consecutive session after Fortis Healthcare decided to demerge diagnostic business and that will be merged with Fortis Malar.


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