Stock Market Latest News | Top Stories | MARKET PULSE on Tuesday,24 october 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Tuesday,24 october 2017

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TOP STORY- Stock Market For Tuesday,24 october 2017

 Kaya has approved investment of an amount not exceeding INR 51 crores in KME Holdings Pte. Ltd
(‘KMEH’), a wholly owned subsidiary of the Co. in Singapore for buyout of minority stake in Kaya
Middle East
 Reliance Communications receives final approval from DOT for demerger of wireless Business of
Sistema Shyam Teleservices Limited into RCOM.
 Mahindra & Mahindra in focus – Mahindra Logistics, a subsidiary of the company, sets IPO price band
at Rs 425-429 per share
 Tata steel, Ruias submit bid for essar steel but JSW steel gives it a skip Srei infra and 5 others eye
Electrosteel Steels
 Bharti Airtel adds 1 mn usersSBI signs MoU with Escorts for tractor financing
 JP Assoc To SC- Have Received Expression Of Interest For Yamuna Expressway

MARKET COMMENTARY for Tuesday,24 october 2017

Nifty gained 38.30 points or 0.38% to settle at 10,184.85, its highest closing level since 18 October 2017. The index gained 77.60 points or 0.76% at the day’s high of 10,224.15. The index fell 22.05 points or 0.21% at the day’s low of 10,124.50.

Sensex rose 116.76 points or 0.36% to settle at 32,506.72, its highest closing level since 18 October 2017. The index gained 224.93 points or 0.69% at the day’s high of 32,614.89. The index fell 77.22 points or 0.23% at the day’s low of 32,312.74.

Indicating the overall health of the market, was negative. On the BSE, 1,429 shares fell and 1,288 shares rose. A total of 135 shares were unchanged.

Index heavyweight Reliance Industries (RIL) advanced 3.05% at Rs 938.10. The stock had hit a high of Rs 943.45 and a low of Rs 909.90 in intraday trade.

Nifty likely to trade in the range of 9878-10476.

Market Pulse on Tuesday,24 october 2017

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