TOP STORY- Stock Market For Thursday,05 october 2017
M&M -Matches Tata Motors’ e-Vehicle price for EESL procurement -Matches bid price for E-Vehicle
for only 150 units in 1st phase
Hinduja Global Solutions launches GST Compliance Services as a new business offer
Jio offers royalty programme for budget smartphones
Phonepe raises over Rs 254 cr from Flipkart paymentsFinnish Co Fortum Oyj signs pact with NBCC to
develop charging infra
Truck operators will go on A 2- day strike across the country from Oct 9 To protest against GST, diesel
price hike & corruption on roads: AIMTC
Piramal Enterprise to invest Rs 280 cr in Puranik’s thane project
Fosun pharma acquires 74% in Gland Pharma for $1.09bn
Zydus gets US nod to market anti-diuretic nasal spray
Listing of Equity Shares of Prataap Snacks Limited (IPO)
Infosys to set up Helsinki design center
MARKET COMMENTARY for Thursday,05 october 2017
Key benchmark indices logged modest gains in steady session of trade after the Reserve Bank of India (RBI) kept the policy repo rate unchanged at 6% as expected after the conclusion of the monetary policy committee meeting today, 4 October 2017. The barometer index, the S&P BSE Sensex, rose 174.33 points or 0.55% to settle at 31,671.71. The Nifty 50 index rose 55.40 points or 0.56% to settle at 9,914.90. Data showing good growth in infrastructure output in August boosted sentiment. Key indices gained for the fourth straight day. The Sensex and the Nifty, both, hit their highest closing level in almost two-weeks
The Sensex rose 174.33 points or 0.55% to settle at 31,671.71, its highest closing level since 22 September 2017. The index gained 254.78 points or 0.81% at the day’s high of 31,752.16. The index fell 39.60 points or 0.13% at the day’s low of 31,457.78.
The Nifty 50 index rose 55.40 points or 0.56% to settle at 9,914.90, its highest closing level since 22 September 2017. The index gained 78.80 points or 0.8% at the day’s high of 9,938.30. The index fell 8.85 points or 0.09% at the day’s low of 9,850.65.
Nifty likely to trade in the range of 9638-10164.
Market Pulse on Thursday,05 october 2017