The
markets continued their upbeat mood from the previous day, led by gains
in overseas markets. The Sensex ended at 17,198, stronger by 272
points, and the Nifty closed at 5,122, higher by 89 points.

News URL:  http://business.rediff.com/report/2009/dec/01/sensex-ends-up-272-points.htm

http://epaper.business-standard.com/bsepaper/svww_zoomart.php?Artname=20...

http://economictimes.indiatimes.com/opinion/columnists/swaminathan-s-a-a...

Shares of Ranbaxy Laboratories are trading at Rs 428.80, up Rs
6.5, or 1.54% at the Bombay Stock Exchange (BSE).

The company has received final approval from United States Food & Drug
Administration (USFDA) to market Famotidine tablets on over-the-counter basis. 

News URL:http://www.myiris.com/newsCentre/storyShow.php?fileR=20091119120832199&dir=2009/11/19&secID=livenews

Investment analyst Sharmila Joshi said:  It’s better to exit from Cipla slow-moving stock and buy a high momentum stock like Ranbaxy. Currently, it is trading at Rs 415-416 and has a lot of potential to go up to Rs 450-460. You can switch from Cipla to Ranbaxy and hold for the next 2-3 months.

News URL:http://www.bloombergutv.com/stock-market/stock-market-news/37685/exit-cipla--shrikant-chouhan-.html

At  3: 00 P.M.the Multi Commodity Exchange (MCX), MCXCOMDEX is trading up by 4.85 points, or 0.18%, at 2,693.11 after opening at 2,687.98.

Buy Ranbaxy with target of Rs 415 and stop loss of Rs 390, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 394.75, down 0.8% on the BSENews URL: http://money.rediff.com/companies/ranbaxy/12540040

Sell GVK Power & Infrastructure Ltd as the sector as it is going to be underperform. He also suggested investors to: "Sell Escorts Ltd at the current levels as the stock is likely to see a fall and one can buy again at Rs 80.""Buy Satyam at Rs 90 as the stock is doing well," he says. The stock is likely to go to Rs 120-140 in the next six months.

Major gainers in the 30-share index were Bharti Airtel (4.40%), Sun Pharmaceutical Industries (2.29%), ICICI Bank (2.14%), Oil & Natural Gas Corporation (0.92%), ITC (0.80%), and Maruti Suzuki India (0.70%).

DLF (6.08%), Hindalco Industries (5.78%), Reliance Capital (5.33%), Reliance Communications (5.20%), Reliance Infrastructure (5.05%), and Tata Steel (4.10%) were the major losers in the Sensex.

News URL: http://www.myiris.com/newsCentre/storyShow.php?fileR=20091103140937043&d...