Stock Market Latest News | Top Stories | MARKET PULSE on Wednesday, 27 September 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Wednesday, 27 September 2017

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TOP STORY- Stock Market For Wednesday, 27 September 2017

SUN PHARMA Dilip Shanghvi at Sun Pharma AGMExpect single digit decline in consolidated                     revenues in FY18 over FY17
 Divis Labs in focus – Unit 2 gets 6 observationsFirm failed to test individual batches of final API with
conformity with all appropriate specificationsLab failures not thoroughly investigated
 Listing – ICICI Lombard General Insurance
 TVS Motor Company’s Jupiter Crosses 2 Million Sales Mark in 4 Years
 JSW Energy to set up 4k cr e-vehicle plant in Gujarat
 HUL enters Ecomm business with premium tea and teaware
 L&T fin puts 150cr in Pune housing project
 Reliance Industries in talks to acquire Den networks for a valuation of 2000cr
 Petron Engineering received order worth Rs 280 crore from JSW Steel
 APL Apollo Tubes – NCLT approved merger with Lloyds Line Pipes
 Wipro Partners With Cloudgenix Inc to Offer Open & Managed SD-Wan Services

MARKET COMMENTARY for Wednesday, 27 September 2017

Nifty ended at 9,871 level, down by 1 point, while Sensex closed at 31,599 level, down by 26 points on Tuesday. The 50-stocks index lost 60 points to touch its intraday low of 9,813. However, the index started recovering in the afternoon hours and managed to end above the important mark of 9,850

Bulls were dominating the markets in the Tuesday’s trading session. There were 1,029 advances, 622 declines and 315 unchanged stocks on NSE. India VIX ended lower by 1.53% at 13.13 level.

In the broader markets, BSE Mid-cap index closed at 15,500 level, up by 67 points while BSE Small-cap index closed at 16,136 level, up by 173 points. Bank Nifty ended at 24,199 level, up by 34 points or 0.14%. Axis Bank was the top gainer in the index closing at Rs 512.7 per share, up by Rs 11 per share or 2.19%

Nifty Realty index was the top gainer among the sectoral indices on NSE. The index ended at 271.5 level, up by 2.69%

Nifty likely to trade in the range of 9701-10094

Market Pulse on Wednesday, 27 September 2017.

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