Stock Corner
1.
MCX rallied
nearly 3 percent after the market regulator, Sebi, said that it would soon come
out with revised KYC norms for foreign investors and also overseas entities to
trade in commodity derivative market.
2.
IL&FS
Transportation Networks fell around 3 percent after rising over 9 percent in
the morning. The company signed a settlement agreement with NHAI.
3.
Shares of
Sun Pharmaceutical Industries closed a percent higher after it received
European Commission’s (EC) approval for Ilumetri, a drug used to treat
psoriasis.
4.
Shares of
Strides Pharma Science recovered to end 2 percent lower after it plunged 5.6
percent intraday. The company received three observations from the USFDA.
5.
Sugar stocks
were in focus again on Wednesday as investors bet on these names on a possible
package announcement of Rs 4,500 crore for the sector. But they gave up gains
in the afternoon after it was known that the proposal will be taken for
consideration in the next week.
Missed call
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