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Market wrap up for 20th march

Indian market moved in a narrow range for whole day and was negative for most of the time despite clearing GST legislations. Several stock specific moves were seen and profit booking at higher level was observed in the market. One of the top news for the day was approval of merger by board of directors of Idea cellular with Vodafone due to which idea initially showed strength but loosed all its strength as market progressed towards intraday closing. Telecom sector consolidation will hit employment badly because it will reduce market players. As Aircel-Reliance merger is expected to reduce 5000 number of jobs.
Stocks which will be in focus on 21st march:
Wipro: Wipro has emerged as a ‘Leader' in Gartner's Magic Quadrant for managed workplace services, North America. The share price of the company will be watched on March 21.
Nestle India: Nestle India has introduced MILO Ready to Drink – The Sports Partner for kids. The share price of the company will remain in the limelight on Tuesday.
HCL Technologies: HCL Technologies will enable information technology that powers the Volvo Ocean Race. The share price of the company will remain in focus on March 21.
Kaveri Seed Company: Kaveri Seed Company will consider buyback issue on its upcoming board meeting on March 27, 2017. The share price of the company will be keenly watched on Tuesday.

SeQuent Scientific: SEBI has approved scheme of arrangement of SeQuent Scientific and Strides Shasun and SSL Pharma Sciences. The share price of the company will remain in focus on March 21.

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