Stock Market Latest News | Top Stories | MARKET PULSE on Wednesday,11 october 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Wednesday,11 october 2017

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TOP STORY- Stock Market For Wednesday,11 october 2017

PSP Projects has been awarded main contract works at Surat Diamond Bourse, Khajod valued at Rs. 1575 Cr.
 Sical Logistics board approves proposal to buying of 26% stake held by MMTC Limited in the company’s
subsidiary M/s. Sical Iron Ore Terminals
 Sree Leathers board Meeting on 14.10.2017 to consider the buyback proposal
 Roto Pumps launches a range of External Gear Pumps.
 PVR introduces PVR PRIVILEGE- loyalty program
 KKR led consortium of funds in talks to buy Indus Towers and Bharti Infratel for $11Bn
 SBI led consortium of lenders orders forensic audit of Punj Lloyd accounts
 Piramanl Enterprises – Pharma unit to invest $55mn in capacity expansion
 Interglobe Aviation in advanced stages of talks to raise $1.2billion to procure ATR aircraft
 ABG Shipyard’s members Of The Committee Of Creditors Reject Proposal To Create Corpus Fund For Co
 Centre looks to merge wireless business of MTNL, BSNL

MARKET COMMENTARY for Wednesday,11 october 2017

The Nifty 50 index rose 28.20 points or 0.28% to settle at 10,016.95, its highest closing level since 21 September 2017. The Nifty rose 45.25 points, or 0.45% at the day’s high of 10,034 in mid-morning trade, its highest level since 22 September 2017. The index rose 13.55 points, or 0.14% at the day’s low of 10,002.30 in mid-afternoon trade.

The Sensex rose 77.52 points or 0.24% to settle at 31,924.41, its highest closing level since 21 September 2017. The Sensex rose 147.88 points, or 0.46% at the day’s high of 31,994.77 in mid-morning trade. The index rose 50.01 points, or 0.16% at the day’s low of 31,896.90 in mid-afternoon trade.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,595 shares rose and 1,132 shares fell. A total of 119 shares were unchanged.

Most Asian stocks ended higher as Japan and South Korea reopened for trading after holiday. Taiwan was shut for public holiday.

Nifty likely to trade in the range of 9921-10113.

Market Pulse on  Wednesday,11 october 2017

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