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