TOP STORY- Stock Market For Wednesday,04 october 2017
Ahluwalia Contracts secured orders worth RS 556 crore for construction of institutional,
Hero Motocorp total sales at 7.20 lakh units Vs 6.74 lakh units (YoY)
Bharat Electronics approves allotment of bonus shares in ration 1:10
Apollo Tyres launches QIP worth Rs 1500cr at Rs.250/share
Cyient signs Global Software Licensing Agreement with Elpis Squared
LT Foods board approves raising of funds upto Rs 500 cr via issuance of sharesRBL Bank – ICRA upgrades rating to AA- from A+ on Basel III bonds
India Cements gets shareholder nod for issue of NCDs/bonds/other securities
Glenmark to reduce R&D spending as challenges mount
IndiGO to get DGCA nod for modified regional plans
ONGC to go for bridge loan to fund HPCL deal
MARKET COMMENTARY for Wednesday,04 october 2017
Share markets in India continued to remain upbeat and finished on a strong note. At the closing bell, the BSE Sensex closed higher by 214 points. While, the NSE Nifty finished higher by 71 points. Meanwhile, the S&P BSE Midcap Index finished up by 0.8% while the S&P BSE Small Cap Index ended up by 0.5%.
It was a good start to the truncated week as equity benchmarks ended 0.7 percent higher on Tuesday after a long weekend, but Nifty Bank underperformed as investors turned cautious ahead of outcome of two-day Monetary Policy Committee meeting due on Wednesday.
The 30-share BSE Sensex was up 213.66 points at 31,497.38 and the 50-share NSE Nifty rose 70.90 points to 9,859.50.
The BSE Midcap index gained 0.77 percent and Smallcap added 0.5 percent despite tepid market breadth. About 1,433 shares advanced against 1,277 declining shares on the BSE
Auto stocks had a good run today on strong sales numbers for the month of September. Bank stocks, on the other hand, were weaker.
Nifty likely to trade in the range of 9668-10055.
Market Pulse on Wednesday,04 october 2017