TOP STORY- Stock Market For Monday, 18 September 2017
Tata Motors – Tamo’s compact SUV offering Nexon will launch on Sep 21
Dr Reddy’s intimation about audit of our API Mirfield Plant, United Kingdom, by the US FDA
Mahanagar Gas starts Piped Natural Gas (PNG) supply in Dombivili (East) area of Maharashtra
Laurus Labs receives the EIR from USFDA
Balrampur Chini starts NBFC to invest in financing activities in the eduction sector
Cadila: Zydus’ Nesher Pharma Gets US FDA Final Nod For Oseltamivir PowderAxis Bank Keeps Its
ITC looking to expand by 40 new hotels – 5000 rooms in pipeline
TVS eyes electric 2 wheeler space; to roll out soon
Tata sons seeks nod to amend voting rights
Govt to sell Air India Properties it owns
BPCL is in talks with GAIL ltd to acquire govt majority stake in the layer for Rs18,000-20,000cr
MARKET COMMENTARY for Monday, 18 September 2017
Nifty ended at 10,085 level, down by one point after trading in a narrow range, while Sensex closed at
32,272 level, up by 30 points. There were 675 advances, 970 declines and 317 unchanged stocks on NSE,
reflecting fairly negative sentiments floating in the market.
Escalating geopolitical tensions weighed on the Indian markets, but bourses managed to close flat amidst volatility. India VIX index was up by 1.8% at 11.67 level. It touched an intraday high of 12.01, up by 4.7%.
BSE Power index was the top losing index, which closed at 2,288 level, down by 20 points or 0.9%. BHEL was the top loser on the index, ending at Rs 132.05 per share, down by 3.89%.
Bank Nifty ended at 24,844 level, down by 67 points or 0.27%. Federal Bank was the top gainer on the index closing at Rs 115.5 per share, up by Rs 0.95 per share or 0.83%
Nifty likely to trade in the range of 9927-10261
Market Pulse on Monday, 18 September 2017