Stock Market Latest News | Top Stories | MARKET PULSE on Monday,23 october 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Monday,23 october 2017

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TOP STORY- Stock Market For Monday,23 october 2017

Approves Scheme Of Arrangement b/w Mahindra Two Wheelers & M&M
 Future Group is in an advanced stage of buying out the franchise rights of British retail chain
WHSmith in India from Travel News Services India
 Dr Reddys Lab recalls Famotidine tablets from the U.S. market
 HCL Infosystems board Approves Rs 499 crore fund raising via rights issue
 Greenko Group in talks to acquire Gati Infrastructure’s hydro-electric project
 United Bank of India, Bank of Maharashtra, Indian Bank in focus – Government to sell stake in 8 PSBs
 Mahindra Lifespace Developers announces JV with HDFC Capital Affordable Real Estate Fund-1 to
develop affordable housing projects in India
 Gayatri Projects to create separate by spinning off its seven toll road businesses

MARKET COMMENTARY for Monday,23 october 2017

Trading for Samvat 2074 started on a weak note as key benchmark indices settled with modest losses as
weakness in global stocks weighed on investors’ sentiment. The barometer index, the S&P BSE Sensex lost 194.39 points or 0.6% to settle at 32,406.16. The Nifty 50 index dropped 64.30 points or 0.63% to settle at 10,146.55.

The S&P BSE Mid-Cap index dropped 0.25%. The fall in this index was lower than the Sensex’s drop in percentage terms. The S&P BSE Small-Cap index advanced 0.11%, outperforming the Sensex.

The breadth, indicating the overall health of the market, was positive. On the BSE, 1,493 shares rose and 982 shares declined. A total of 109 shares were unchanged.

Bank stocks dropped in weak market. ICICI Bank (down 1.98%), Kotak Mahindra Bank (down 1.64%), HDFC Bank (down 1.03%), Axis Bank (down 0.86%), Yes Bank (down 1.17%), Federal Bank (down 1.82%), Bank of Baroda (down 1.28%) and State Bank of India (down 0.7%) dropped.

Nifty likely to trade in the range of 9896-10424.

Market Pulse on   Monday,23 october 2017

 

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