Mid-market commentary: October 10, 2016
DSIJ Intelligence / 10 Oct 2016
The Indian markets remained positive from morning-session. Market is consolidating amid short working week. In the current scenario the Nifty index is up by 26 points at 8723.6 and the Sensex is up by 66 points at 28127.
The Indian markets remained positive from morning-session. Market is consolidating amid short working week. In the current scenario the Nifty index is up by 26 points at 8723.6 and the Sensex is up by 66 points at 28127. Both the indices were seen trading with an increment of 0.3 per cent.
On the NSE, the advance-decline ratio is indicating same on the both side due to 1029 advances and 549 declines.
Meanwhile, European markets started the day with flat opening. CAC 40 and DAX have gained just 0.05 per cent and 0.09 per cent respectively. FTSE also increased by 0.1 per cent on Monday.
Stocks to watch:
Hindustan Zinc: Hindustan Zinc has declared production data for Q2FY17. The company’s mined metal and silver production has increased by 51 per cent and 21 per cent respectively on quarterly basis.
Mukta Arts: Whistling Woods Institute partners with Sony Media Technology Centre (SMTC) facility in its re-launch with big upgrades.
ITC: ITC to sell entire stake in US subsidiary, King Maker Marketing, registered in the state of New Jersey, USA, for USD 24 million.
A2Z Infra Engineering: A2Z Infra Engineering has bagged order worth Rs 96 crore from Jharkhand Urja Sancharan Nigam (JUSNL).
Gruh Finance: Gruh Finance will be in focus on intraday as it will declare its Q2FY17 results.
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