TOP STORY- Stock Market For Monday, 25 September 2017
Listing today: Capcacit’e Infraprojects
Cadila Healthcare – Zydus receives final approval from the USFDA for Amlodipine and Olmesartan Medoxomil Tablet
GSK has selected Oberoi Realty as the successful bidder for the land measuring approximately 60 acres located at Thane, Maharashtra. The for a consideration of Rs. 555cr
Deepak Fertilizers plans to set up a brown field Iso Propyl Alcohol (IPA) plant, with high purity DiisopropylEther (DIPE) as co-product, at Taloja with an ISBL (Inside Battery Limit) investment of approx. Rs. 450 crores.
Lakshmi Vilas Bank BM on 27.09.2017 (Wednesday), to inter alia consider, evaluate and approve raising of funds through a Rights Issue
InterGlobe Grounds one more A320 Neo plane
JSW steel to bid with Aion Capital for Monnet Ispat sale
Usha martin gets response from buyers for its wire rope business sale
MARKET COMMENTARY for Monday, 25 September 2017
Nifty ended at 9,964.4 level, down by 157.5 points, while Sensex closed at 31,922 level, down by 447 points on Friday. Nifty and Sensex witnessed biggest 10-day fall in the past 10 months. There were 207 advances, 1,464 declines and 290 unchanged stocks on NSE, reflecting strong negative sentiments floating in the market.
In the broader markets, BSE Mid-cap index closed at 15,609 level, down by 2.71% while BSE Small-cap index closed at 16,293 level, down by 2.93%.
Bank Nifty ended at 24,368 level, down by 430 points or 1.74%. Yes Bank was the top loser in the index closing at Rs 361.45 per share, down by Rs 15.6 per share or 4.14%. The index witnessed biggest intraday fall since November 21, 2016.
BSE Realty index was the top losing index, which closed at 2,072.05 level, down by 4.29%. Indiabulls Real Estate was the top loser in the index ending at Rs 218 per share, down by 8.71%.
Nifty likely to trade in the range of 9577 – 10430
Market Pulse on Monday, 25 September 2017.