Stock Market Latest News | Top Stories | MARKET PULSE on Tuesday, 5 September 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Tuesday, 5 September 2017

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TOP STORY- Stock Market For Tuesday, 5 September 2017

 Reliance Capital to go ex-date for demerger of Reliance Home Finance
 NLC plans to buy GMR’s Ind-Barath power projects
 Maruti Suzuki August production Up by 23% YoY at 1.5 lkh vs 1.2 lkh
 Thomas Cook may buy IFCI’s 26.09% stake in TFCI
 Suzlon, Inox Wind – Anti dumping duty on Chinese castings used in Windmills for 5 years
 Bhushan Steel, Alok Industries – New investors (US Cerebrus, Pacific Alliance) scout for options in
stressed assets
 Raymond’s Gautam Singhania, father to meet to settle property dispute
 JSW Steel -Odisha Mining Corporation open to sign a long term iron ore supply agreement
 Phoenix mills to expand presense in Benagaluru
 Piramal Enterprises: Unit Piramal Housing Fin Gets Certificate Of Registration As A Housing Fin Co
From National Housing Bank

MARKET COMMENTARY for Tuesday, 5 September 2017

Nifty closed at 9,912 level, down by 61 points, while Sensex closed at 31,702 level, down by 189 points in
Monday’s trading session. Infosys and HDFC Bank were the top contributors to the losses of the major indices.There were 583 advances, 1,102 declines and 319 unchanged stocks on NSE, reflecting that bears were in control of the market

Downfall in the markets may be attributed to the increased geopolitical tensions. In the broader markets, BSE Mid-cap index outperformed the major indices, closed at 15,580 level, down by 0.68%. BSE Small-cap index closed at 16,020 level, down by 0.68%.

Bank Nifty ended at 24,212 level, down by 221 points. IndusInd Bank was the top loser in the index closed at Rs 1,662 per share, down by 1.79%.

BSE Telecom was the top losing index, which closed at 1,410 level, down by 1.32%. ITI was the top loser in the index ending at Rs 97.7 per share, up by 4.17%

Apex Frozen Foods listed on NSE at Rs 202 per share, at a premium of Rs 27 per share or 15.4% as compared to its issue price of Rs 175 per share.

Nifty likely to trade in the range of 9853-10302.

Market Pulse on Tuesday, 5 September 2017

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