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
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