TOP STORY- Stock Market For Tuesday, 26 September 2017
Rural Electrification Corporation to be the nodal agency for operationalization of Saubhagya
Godrej Industries in focus – Godrej Agrovet sets IPO price band between Rs450-460
JK Paper says disruption at Odisha Plant due to stoppage of water supply by local villagers
Chennai Petro setting up of new 9 MMTPA Refinery at Cauvery Basin Refinery
Allahabad Bank raising of BASEL III compliant Additional Tier 1 Perpetual Bonds aggregating
to Rs.100.00 crore through Private Placement
Tata Motors – JLR scouting for luxury brand acquisitions
Edelweiss ARC revives Karaikal port, plans LNG terminbal to monetise operations
IOC plans to expands paradip refinery by 3-4mt
IDBI Bank Divests 1% Equity (53.2 Lk Shares) In SIDBIIOC, HPCL, BPCL in focus as crude oil
prices hit 5-month high
MARKET COMMENTARY for Tuesday, 26 September 2017
Nifty ended at 9,872 level, down by 91 points, while Sensex closed at 31,626 level, down by 295 points on
Monday. The 50-stock index remained subdued through the day but started recovering marginally in the closing hour.
There were 341 advances, 1,341 declines and 296 unchanged stocks on NSE, reflecting strong negative
sentiments floating in the market. India VIX ended higher by 3.98% at 13.32 level.
In the broader markets, BSE Mid-cap index closed at 15,444 level, down by 165 points while BSE Small-cap index closed at 15,977 level, down by 315 points. Bank Nifty ended at 24,165 level, down by 203 points or 0.84%. Federal Bank was the top loser in the index closing at Rs 111.4 per share, down by Rs 2.45 per share or 2.15%.
Nifty Realty index was the top loser among the sectoral indices on NSE. The index ended at 264.4 level, down by 3.13%. Indiabulls Real Estate was the top loser in the index closed at Rs 207 per share, down by 5.07%.
Nifty likely to trade in the range of 9449-10316
Market Pulse on Tuesday, 26 September 2017.