Stock Market Latest News | Top Stories | MARKET PULSE on Thursday, 14 September 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Thursday, 14 September 2017

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TOP STORY- Stock Market For Thursday, 14 September 2017

 Tata Chemicals is in advanced stages of discussions and negotiations with Indorama Holdings BV
 Netherlands (subsidiary of Indorama Corporation, Singapore), for the potential sale of its Phosphatic
Fertiliser Business located at Haldia
 IOC, HPCL, BPCL in focus – Govt Official Says No Plan To Review Excise On Petrol, DieselSBI Life            IPO to open on September 20Thermax Group bags export contract of USD 43 million
 Interglobe Aviation Price band for QIP Rs1125 to 1175
 BPCL to invest Rs1.08tn in 5 years to expand business operations
 Hindalco looks to export alumina from Odisha unit
 Lupin’s arm recalls 12,888 bottles of ulcer drug in US
 Bharti airtel partners Korea’s SK Telecom for 5G, network augmentation
 Thermax wins first EPC power plant order in GCC region for 275cr
 Hindalco may prepay upto Rs1100cr debt this month

MARKET COMMENTARY for Thursday, 14 September 2017

Nifty ended at 10,079 level, down by 13 points, while Sensex closed at 32,186 level, up by 27 points. There were 483 advances, 952 declines and 52 unchanged stocks on NSE, reflecting fairly negative sentiments floating in the market.

BSE Oil & Gas index closed at 15,234 level, down by 263 points or 1.7%. BPCL was the top loser on the index ending at Rs 500 per share, down by 6.3%. Hindustan Petroleum, IOC and OIL also ended in the negative terrain, down by more than 4%.

In the broader markets, BSE Mid-cap index closed at 15,935 level, down by 0.63% while BSE Small-cap index closed at 16,538 level, down by 0.48%.

Bank Nifty ended at 24,831 level, up by 47 points or 0.19%. IDFC Bank was the top gainer on the index closing at Rs 58.9 per share, up by Rs 1.5 per share or 2.61%

Nifty likely to trade in the range of 9887-10295.

Market Pulse on Thursday, 14 September 2017

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