TOP STORY- Stock Market For Wednesday,8 November 2017
Mahindra Lifespace Developers to launch 2 industrial parks and invest close to Rs600cr
Reliance Comm says : Renegotiating tower business sale with all interested parties, including
Akzo Nobel to sell specialty chemicals business to an affiliate for Rs320cr
Titagarh Wagons plans to develop safety systems for Railways, forms JV with Italian company
Idea, Reliance Industries – 50% ceiling on spectrum holdings in a band may go
PNB to close or relocate up to 300 branches
NMDC mulls bidding for $9bn mine
DCM Sriram to invest around Rs 500 crore in sugar business to increase overall capacity
JSW Energy has successfully secured an order from Power Company of Karnataka Ltd (PCKL) for supply of 200 MW power on short term basis for the period from 8th November, 2017 to 31st May, 2018
Axis Bank To Hold Board Meeting On Nov 10 To Consider Raising Capital
MARKET COMMENTARY for Wednesday,8 November 2017
Nifty 50 index lost 101.65 points or 0.97% to settle at 10,350.15, its lowest closing level since 31 October 2017. The Nifty rose 33.95 points, or 0.32% at the day’s high of 10,485.75 in early trade. The index fell 111 points, or 1.06% at the day’s low of 10,340.80 in late trade, its lowest level since 31 October 2017.
Sensex lost 360.43 points or 1.07% to settle at 33,370.76, its lowest closing level since 31 October 2017. The Sensex rose 134.76 points, or 0.40% at the day’s high of 33,865.95 in early trade, its record high level. The index fell 389.37 points, or 1.15% at the day’s low of 33,341.82 in late trade, its lowest level since 1 November 2017.
In the global commodities market, Brent for January 2018 settlement was down 25 cents at $64.02 a barrel. The contract had jumped $2.20 a barrel or 3.54% to settle at $64.27 a barrel during the previous trading session
The broad market depicted weakness. There were more than two losers against every gainer on BSE. 1,899 shares fell and 853 shares rose. A total of 119 shares were unchanged. Breadth was strong in early trade.
Nifty likely to trade in the range of 9956-10826.
Market Pulse on Wednesday,8 November 2017