Stock Market Latest News | Top Stories | MARKET PULSE on Wednesday, 20 September 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Wednesday, 20 September 2017

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TOP STORY- Stock Market For Wednesday, 20 September 2017

 M&M set to acquire big tractor company in Turkey
 Mobile Call Connection Charge Cut To 6 p/Minute From 14p Currently, Effective Oct 1, No Call
Termination Charge To Be Applicable From January 1, 2020
 Cadila in pact with Russian firm for chickenpox vaccineRostec inks pact with mylan labs for HIV drugs
 Mconalds – 18 outlets reopen in Delhi
 Tata Sons set to get required majority to go private at AGM
 JSW Steel in discussions to tie up with multiple partners for Bhushan Steel Bid
 LIC buys 3.4cr shares of GAIL
 Tata Global Company has sold 1,04,80,000 Equity Shares each of Tata Chemicals
 Surya Roshni has obtained orders through competitive e-bidding for LED Luminaire and LED Street
Lights amounting to Rs. 48.60 crores for Supply of LEDs Luminaire in United Kingdom

MARKET COMMENTARY for Wednesday, 20 September 2017

Nifty ended at 10,147 level, down by 5 points, while Sensex closed at 32,402 level, down by 21 points. The Nifty50 index opened higher but consolidated near the important mark of 10,150 throughout the day. There were 833 advances, 821 declines and 305 unchanged stocks on NSE, reflecting mixed sentiments floating in the market. India VIX ended higher by 0.19% at 11.46 level.

In the broader markets, BSE Mid-cap index closed at 16,110 level, up by 0.13% while BSE Small-cap index closed at 16,893 level, up by 0.36%

Bank Nifty ended at 25,038 level, down by 8.8 points or 0.04%. IDFC Bank was the top loser in the index closing at Rs 59.95 per share, marginally down by 1.32%

Tata Motors was the star performer of the day, ended at Rs 424 per share, up by 4.6%. The stock touched its intraday high of Rs 428.2 per share, up by Rs 22.85 per share or 5.63%. The stock helped the major indices to hold their gains.

Nifty likely to trade in the range of 10135-10201.

Market Pulse on Wednesday, 20 September 2017

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