Stock Market Latest News | Top Stories | MARKET PULSE on Wednesday,18 october 2017

Stock Market Latest News | Top Stories | MARKET PULSE on Wednesday,18 october 2017

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TOP STORY- Stock Market For Wednesday,18 october 2017

  Sun Pharma: Taro Gets US FDA Nod For Dapsone Gel (Used For The Treatment Of Leprosy)
 Jubilant Life says issuance of Commercial Papers of Rs. 50 crore
 Astrazeneca says Import and Market Permission from the Drug Controller General of India for FDC of
Dapagliflozin + Metformin Hydrochloride (Extended Release) film coated tablets
 Power Grid wins a bid for the India Eastern Region Project. It will set up 400 KV line and three
substations under project
 Nila Infra will merge real estate business into unit PSL, following which PSL will be listed
 Arvind signs MoU with Gujarat for Rs300cr apparel park
 Claris Lifesciences’ FPI investment limit to 49 percent; NRI limit at 24 percent
 Sutlej to invest $5 million in U.S. unit. It will acquire the design, sales and distribution business of
American Si lakh MillsJBF Industries discussions with potential buyers for stake sale

MARKET COMMENTARY for Wednesday,18 october 2017

Nifty 50 index rose 3.60 points or 0.04% to settle at 10,234.45, its record high closing level. The index rose 21 points, or 0.21% at the day’s high of 10,251.85, its record high. The index fell 18.25 points, or 0.18% at the day’s low of 10,212.60.

Sensex fell 24.48 points or 0.08% to settle at 32,609.16, its lowest closing level since 13 October 2017. The index rose 66.22 points, or 0.20% at the day’s high of 32,699.86, its record high. The index fell 76.90 points, or 0.24% at the day’s low of 32,556.74S&P BSE Mid-Cap index rose 0.40%. The S&P BSE Small-Cap index advanced 0.53%. Both the indices outperformed the Sensex.

On the BSE, 1,375 shares rose and 1,301 shares declined. A total of 129 shares were unchanged.

Indices closed the range-bound trading session near the flat line. The barometer index, the S&P BSE Sensex, fell 24.48 points or 0.08% to settle at 32,609.16. The Nifty 50 index rose 3.60 points or 0.04% to settle at 10,234.45. Both the Sensex and the Nifty hit record highs in intraday trade. The Nifty settled at a record high level.

Nifty likely to trade in the range of 10115-10350.

Market Pulse on  Wednesday,18 october 2017

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