Stock Market Latest News | Top Stories | MARKET PULSE on Tuesday, 12 September 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Tuesday, 12 September 2017

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TOP STORY- Stock Market For Tuesday, 12 September 2017

NTPC’s 40 MW out of 50 MW of Rojmal Wind Energy Project of NTPC Limited in Gujarat has been
commissioned
 Tata Steel gets approval British Steel Pension scheme to be separated from Tata Steel UK
 IndiGo Parent InterGlobe Aviation approves QIP to reduce promoter stake
 Maruti, M&M, Tata Motors – Passenger Vehicle sales up 14% in August
 Sobha, Prestige Estates – Bengaluru sees 23% drop in new launches
 JSW Group in talks with China’s Zhejiang Geely for electric vehicles
 ICICI Bk Raises Bulk Deposit Rates By 5 bps On Some Tenors Effective TodaySun Pharma gets U.S.
FDA nod for Fenofibrate Oral Tablet
 Equity intelligence buys 10 lac shares of Tata Coffee (0.55) and 3.21 lac share (1.81%) of liberty
shoes
 Cochin Shipyard Q1FY18 YoY Revenue up 35% at 556cr & EBITDA up 13% 114cr vs 101cr

MARKET COMMENTARY for Tuesday, 12 September 2017

 

Nifty ended above the important mark of 10,000 for the first time after August 7, 2017. Nifty closed at
10,006 level, up by 71 points, while Sensex closed at 31,882 level, up by 194 points.

Bank Nifty ended at 24,672 level, up by 301 points or 1.24%. IndusInd Bank was the top gainer in the
index closed at Rs 1,790 per share, up by Rs 94.1 per share or 5.55%. Bharat Financial Inclusion, on
Monday, informed the stock exchanges that it has entered into exclusive talks with IndusInd Bank Ltd.
to explore a merger between the two.

BSE Capital Goods was the top gaining index, which closed at 18,113 level, up by 2.6%. Siemens was
the top gainer on the index ending at Rs 1,335 per share, up by 4.14%. BSE Telecom was the top losing
index, closing at 1,372 level, down by 0.24%.

Private bank stocks like IndusInd Bank, Yes Bank and HDFC bank were the top contributors to the gains
of major indices, Nifty and Sensex.

Nifty likely to trade in the range of 9974-10174

Market Pulse on Tuesday, 12 September 2017

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