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Today's Market Update

Gammon Infra dips 4.3% after poor Q1 result Gammon Infrastructure Projects Ltd is currently trading at Rs. 5.1, down by Rs. 0.23 or 4.32% from its previous closing of Rs. 5.33 on the BSE. The company reported Rs.5.9 crore for the quarter ended June 30 compared with Rs.6 crore reported in the year-ago period.

Nifty hovers around 8,600 The BSE Mid-cap Index is trading down 0.03% at 12,974 whereas BSE Small-cap Index is trading up 0.04% at 12,507. Some buying activity is seen in consumer durables, oil and gas, auto and utilities sectors, while banking sector is showing weakness on BSE.

Biocon jumps 4.5%Biocon Ltd is currently trading at Rs. 905.15, up by Rs. 39.55 or 4.57% from its previous closing of Rs. 865.6 on the BSE. European Medicines Agency (EMA) has accepted for review Mylan’s application to market biosimilar Trastuzumab, co-developed with Biocon, that is used to treat certain breast and gastric cancers.


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