We have a positive outlook on the FMCG sector given the rural demand revival, GST benefits, product differentiations/innovations, premiumisation (especially by launching premium products in affordable packs for uptrading).
Nifty futures added open interest to the tune of ~3.14 lakh shares hinting a build-up of long positions while Bank Nifty futures witnessed short covering with an unwinding in open positions to the tune of ~2.6 lakh shares respectively
The company has received USFDA approval for Dutasteride and Tamsulosin HCL Capsules, O.5mg/0.4 mg. However, the market for the drug is not very big (~$55mn in 2017) and there are already two generic players who manufacture the same.
Options contracts expiring in the months of June18, August 18, November 18, February 19 and April 19 have been currently offered for trading with corresponding silver (30 kilograms) futures as underlying.
Stocks were mixed at the open as investors also reacted to an increasingly dicey global trade outlook after the Trump administration threatened to impose tariffs on imported cars trucks for national security purposes.