Closing Bell: Sensex, Nifty end flat after a rangebound session; RIL, Wipro among major gainers

: Benchmark indices ended flat after they traded in the range throughout the day with Nifty closed above 10,900 level.

The Sensex was up 12.53 points at 36386.61, while Nifty was up 1.80 points at 10907. About 890 shares have advanced, 1632 shares declined, and 161 shares are unchanged.

Reliance Industries, Wipro, Kotak Mahindra Bank, Hindalco and Adani Ports are among major gainers on the Nifty, while Sun Pharma, Bharti Airtel, GAIL, L&T and HPCL are the top losers on the Nifty.

Among the sectors, pharma, PSU bank, Infra, FMCG and auto remained under pressure, while energy and IT stocks witnessed some buying.

The said whistleblower documents and other confidential emails are being offered for inspection to institutional investors by one media house as per the report, which again we are not privy to.

In these circumstances, there is a great asymmetry in the information circulating between analysts, investors and media leading to intense speculation. The availability of information contained in thewhistleblower documents to a set of selective investors does put other investors including retail investors in a disadvantageous position.

We are concerned that certain entities/individuals are adopting unfair trade practices prejudicial to the interest of shareholders and other stakeholders. It is evident from the fact that shareholders value has been drastically eroded within a short span of time due to unsubstantiated complaint/allegation against the company and mala fide campaign launched by certain media houses.

:Net profit was up at Rs 23.3 crore versus Rs15.7 crore, revenue wasat Rs 142.2 crore versus Rs105 crore, YoY.

| US FDA had conducted an inspection at the Alkem Lab's manufacturing facility located at Daman, India from January 14 to 18, 2019. At the end of the inspection, no Form 483 was issued.

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: Net profit rose 77 percent at Rs 117 crore versus Rs 66 crore. Revenue was up 26.9 percent at Rs 1,020 crore against Rs 804 crore, YoY.

Caplin Pointhas considered and approved the investment agreement to be executed between the company, Caplin Steriles, a wholly ownedsubsidiary company and Eight Roads Ventures India Ill LP. and F-Prime Capital Partners Life Sciences Fund VI LP in relation to investment by investors in the compulsorily convertible preference shareswith the coupon rate of 0.001% of Caplin Steriles.

Net profit at Rs 16.9 crore against loss of Rs 21.7 crore. NII was up 8.9% at Rs 91.2 crore against Rs 83.7 crore, YoY.