Stock Market Latest News | Top Stories | MARKET PULSE on Friday,06 october 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Friday,06 october 2017

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TOP STORY- Stock Market For Friday,06 october 2017

 Wipro buys US design consultancy Cooper
 Crompton Greaves leads race to buy Videocon owned Kenstar, for Rs 1400 crore
 Future Retail to buy Hypercity for Rs 655 crore
 Majestic Auto shuts down its fine blanking division
 NGL Fine Chem to expand production capacity by incurring total capital outlay of 30 crore
 Phoenix Mills along with Canada Pension Plan Investment acquires additional adjoining land
parcel in Pune worth Rs 21.2cr
 IDBI Bank gets shareholder nod to issue, allot equity shares up to Rs 1,861 crore to govtCCI
fines AB group firm Grasim, others for bid rigging in Delhi Jal board tenders
 SBI puts 24 accounts up for sale to ARCs/NBFCs/FIs/Banks
 IDFC – The parties have agreed for extension of the CES Agreement up to November 8, 2017
 Uday Kotak-led Committee Submits Report on corporate governance to SEBI

MARKET COMMENTARY for Friday,06 october 2017

Major benchmark indices, Nifty and Sensex closed lower by 26 points or 0.26% at 9,888 level and 79 points or 0.25% at 31,592 level.

In the broader markets, BSE Mid-cap index closed at 15,691 level, up by 77 points, while BSE Small-cap index closed at 16,449 level, up by 128 points. Bank Nifty ended at 24,058 level, down by 55 points or 0.23%.

There were 933 advances, 706 declines and 325 unchanged stocks on NSE indicating positive breadth floating in the market. India VIX ended lower by 1.52% at 11.62 level.

Selling activity was seen in sectors including IT, FMCG, Telecom and Auto, while all the other sectoral indices on BSE closed in the positive territory. Nifty Media index was the top gaining index ending at 3012 level, up by 0.60%. Nifty Financial Services index ended lower by 0.44% at 9956 level.

Punjab National Bank was the top gainer in the Bank Nifty index atRs 132.70 per share up 2.12%. IDFC Bank and IDFC Bank were also among the top gainers on the index ending higher by 1%.

Nifty likely to trade in the range of 9638-10164.

Market Pulse on Friday,06 october 2017

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