Weekly Equity Report by Indira Securities (04 SEP to 08 SEP 2017)

Weekly Equity Report by Indira Securities (04 SEP to 08 SEP 2017)

Stock Market: Latest News On Stock Market | Top Stories | MARKET PULSE
Stock Market Latest News | Top Stories | MARKET PULSE on Friday,17 November 2017
TOP STORY- Stock Market For Monday,13 November 2017

Top Stories This Week

Wipro advanced 2.49% at Rs 296.80. The company saidit has fixed 15 September 2017 as the record date forthe purpose of determining the entitlement and thenames of equity shareholders who are eligible toparticipate in share buyback. The announcement wasmade after market hours on Wednesday, 30 August2017. The company’s board on 20 July 2017, approveda proposal to buyback up to 34.37 crore shares for anaggregate amount not exceeding Rs 11000 crore.

Dr Reddy’s Laboratories surged 6.2% at Rs 2,217.35.The company said a law firm representing a purportedinvestor in the company filed a purported class actionlawsuit against the company. The announcement wasmade during market hours on Monday, 28 August2017.

Maruti Suzuki India advanced 2.77% at Rs 7,812.70.The company announced the transformation of itsretail network across India with new showroomschristened Maruti Suzuki ARENA. The company willhave four distinct retail channels under ARENA viz.Maruti Suzuki ARENA, NEXA, Commercial andTrueValue, addressing needs of all customers. Theannouncement was made during market hours onWednesday, 30 August 2017

RIL said it fixed 9 September 2017 as the record datefor the proposed 1:1 bonus issue of the company.Reliance Industries (RIL) rose 2.68% at Rs 1,609.35.Thenet proceeds of the issue will be utilised inter-alia forrefinancing of existing borrowings and for any otherpurpose in the ordinary course of busines

MARKET COMMENTARY

The two key benchmark indices viz. the S&P BSE Sensex and the Nifty 50 index registered impressive gains in the week ended Friday, 1 September 2017 on positive global cues. Barring sharp losses on Tuesday, 29 August 2017, the two key indicesregistered modest gains in four trading sessions of the week. Market sentiment was boosted after the government said Indiaand China agreed to disengagement at Doklam area.

Meanwhile, RIL said it fixed 9 September 2017 as the record date for the proposed 1:1 bonus issue of the company.North Korea fired a missile early on 29 August 2017 that flew over Japan and landed in the Pacific waters off the northernregion of Hokkaido, South Korea and Japan, in a sharp escalation of tensions on the Korean peninsula.For the nextweek Nifty likelytotrade in the range between 9625-10058.

BOARD MEETING AND RESULTS THIS WEEK

COMMENTS

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