Market Update: Nifty pharma continues to rally as Dr Reddy’s jumps 3%; RIL hits record high

The broader indices are trading on a flatto positive note this Friday morningwith the Niftyup19points at 10,822and the Sensexisup 47points at 35,647.

Nifty pharma continues to outperformled by Dr Redddy’s Labs, Glenmark Pharma, Sun Pharma, Ciplaand Lupin.

The midcap index is up half a percent led by Mcleod Russel, CG Power, Biocon, Strides Shasun and Unitech.

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XLMedia: Insider Buying And Price Overreaction Indicates A Clear Buy

It is very rare that an opportunity presents itself which immediately seems to be a clear signal for buying or selling. In my entire authorship only a few stocks have come close to being clear buys. XLMedia (XLMDF) in its current position seem to be one of those rare cases. The stock dropped 30% to 119 GBX / 1.19 Great British Pounds on the 11th of June (the current day of writing).

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