MARKET COMMENTARY for Thursday,13 November 2017
Reliance – Jio looking to refinance USD 1.5 billion of overseas debt
Differences with lenders may hit RCom’s SDR plan
ONGC expects first oil from KG basin in 2020 and gas by 2019
IPCA Labs wins order for supply of anti-malarial medicines by the Global Fund Pooled Procurement Mechanism
HSIL approves plan for demerger of retail and building products business Welspun Enterprises signs agreement with NHAI for expansion of a section of NH-31 at a project cost of Rs 1,161 crore
GST-28 percent Tax Bracket Pruned Down To 50 Items
PSBs A Major Player In Support To Agri, Infra, Industry, Financial Inclusion Not Only Do We Need PSBs, We Need Healthy PSBs Govt Has Now Decided To Put In More Capital Into Banking System
Govt plans Rs 3.6k-crore subsidy to telcos for BharatNe
Market Pulse on Thursday,13 November 2017
The Sensex rose 63.63 points or 0.19% to settle at 33,314.56, its highest closing level since 7 November 2017. The index rose 129.49 points, or 0.39% at the day’s high of 33,380.42. The index fell 142.84 points, or 0.43% at the day’s low of 33,108.09.
The Nifty 50 index rose 12.80 points or 0.12% to settle at 10,321.75, its highest closing level since 7 November 2017. The index rose 36 points, or 0.35% at the day’s high of 10,344.95. The index fell 54.85 points, or 0.53% at the day’s low of 10,254.10.
Among secondary barometers, the BSE Mid-Cap index fell 0.09%. The BSE Small-Cap index rose 0.07%. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1,504 shares fell and 1,193 shares rose. A total of 144 shares were unchanged. The breadth alternately swung between positive and negative so far during the day.
Nifty likely to trade in the range of 10010-10619.