Mid Market Commentary October 19, 2016
DSIJ Intelligence / 19 Oct 2016
The Indian markets witnessed some sell-off in mid-session. Stocks like ICICI Bank, Tata Motor and Hero MotoCorp witnessed profit booking on higher side. The Nifty is in the negative by 34 points at 8643 and the Sensex by 103 points at 27943. Both the indicators were down more than 0.30 percent each.
The Indian markets witnessed some sell-off in mid-session. Stocks like ICICI Bank, Tata Motor and Hero MotoCorp witnessed profit booking on higher side. The Nifty is in the negative by 34 points at 8643 and the Sensex by 103 points at 27943. Both the indicators were down more than 0.30 percent each.
The advance-decline ratio is on the positive side. On the NSE, 1444 shares are in the green and 1294 shares are in red.
Intellect Design Arena: Intellect Design Arena's iGTB's Algorithmic Liquidity Solution has achieved a new benchmark on SPARC T7 Server.
Sun Pharmaceutical Industries: Sun Pharmaceutical Industries & ICGEB have announced new exclusive collaboration to develop novel dengue vaccine for India & global markets.
L&T Technology Services: L&T Technology Services has secured a multi-million dollar contract from a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products.
Gati/Snowman Logistics/ VRL Logistics: Gati, Snowman Logistics, VRL Logistics will be in focus as GST Council to fix rates from five different rates presented to the council.
Cairn India/ Vedanta: Government has sought putting on hold the arbitration initiated by Cairn Energy against a Rs 29047 crore retrospective tax demand and instead wants a parallel arbitration initiated by Vedanta Resources to be taken up first.
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