Mid-market commentary : September 14, 2016

DSIJ Intelligence / 14 Sep 2016

Mid-market commentary : September 14, 2016

The Indian markets witnessed a choppy trade in the morning-session. However market witnessed some recovery from the lower level. In the current scenario the Nifty index is up by 7 points at 8723; and the Sensex is up by 2 points at 28354.

The Indian markets witnessed a choppy trade in the morning-session. However market witnessed some recovery from the lower level. In the current scenario the Nifty index is up by 7 points at 8723; and the Sensex is up by 2 points at 28354.

Some sectors are losing their gains at mid-session. Bankex the top gainer, is trading up by 148 points. It was followed by Mid-caps and Small-Caps, which were up by 100 points each. IT, Metals and Auto remain in negative note in this scenario.

The Asian markets continued with the morning trend of trading in a mixed scenario. The Nikkei was down by 114 points. It was followed by the Taiwan and Shanghai which were trading on a negative note. However the Hang Seng market was up by 28 points.

Hindustan Construction Company: Hindustan Construction Company (HCC) has been awarded Rs 181 crore contract from Department of Atomic Energy.

NIIT: NIIT has launched futuristic program in data analytics - 'Big Data with Hadoop'.

Sunil Hitech Engineers: Sunil Hitech Engineers has secured mass housing project worth Rs 415 crore in Bihar.

Lambodhara Textile: Lambodhara Textile is entering into Lease Agreement with, M/s. Suriya Spinning Mills Unit B and M/s. Sri Akkamma Textiles to utilise their spare capacity of 3024 spindles and 6048 spindles respectively for conversion of fibre into yarn.

Ajanta Pharma: Ajanta Pharma has received approval of Aripiprazole tablets from USFDA.

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