Stock Market Latest News | Top Stories | MARKET PULSE on TuesDay,17 october 2017

Stock Market Latest News | Top Stories | MARKET PULSE on TuesDay,17 october 2017

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TOP STORY- Stock Market For TuesDay,17 october 2017

 Hatsun Agro Product invests Rs 60 crore to expand its cattle feed production plant in Tamil
Nadu
 GTL Infra to refinance Rs 4,800 crore debt In three months – Hindu Business Line
 Air India seeks $555mn bridge loan for buying 3 Boeing planes – Business Standard
 GST Council Has Decided To Keep The Tax Rate At 5%-6% For LNG
 Airtel-Tata deal beneficial but raises integration risk: S&P
 RIL, BP submit revised investment plan for KG-D6 gas finds
 Glenmark gets USFDA nod for Aprepitant nausea capsules
 Reliance Jio earnings show strong business momentum
 BSNL, Micromax tie up to bring down tariffs further

MARKET COMMENTARY for TuesDay,17 october 2017

Nifty 50 index rose 63.40 points or 0.62% to settle at 10,230.85, its record closing high. The index advanced 75.50 points or 0.74% at the day’s high of 10,242.95, its record high. The index rose 7.65 points or 0.07% at the day’s low of 10,175.10.

Sensex rose 200.95 points or 0.62% to settle at 32,633.64, its record closing high. The index advanced 254.63 points or 0.78% at the day’s high of 32,687.32, its record high. The index rose 12.74 points or 0.03% at the day’s low of 32,445.43.

Telecom stocks gained. Idea Cellular (up 5.26%) and Bharti Infratel (up 3.81%) advanced. Reliance
Communications fell 1.11%

Private sector banks were mixed. ICICI Bank (up 0.98%), RBL Bank (up 0.67%), Kotak Mahindra Bank (up 0.55%), City Union Bank (up 0.41%) and HDFC Bank (up 0.20%), edged higher. Yes Bank (down 0.57%) and Axis Bank (down 1.65%), edged lower.

Nifty likely to trade in the range of 9946-10372.

Market Pulse on  TuesDay,17 october 2017

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