Mid Market Commentary October 20,2016

DSIJ Intelligence / 20 Oct 2016

Mid Market Commentary October 20,2016

The Indian markets saw a positive momentum  in the opening trading session. After this, the indices held their gains in mid-session. Presently, the Nifty is trading up by 36 points at 8696 and the Sensex is up by 136 points at 28120. Both the indices are trading higher by more than 0.45% each.

The Indian markets saw a positive momentum  in the opening trading session. After this, the indices held their gains in mid-session. Presently, the Nifty is trading up by 36 points at 8696 and the Sensex is up by 136 points at 28120. Both the indices are trading higher by more than 0.45% each.

On the NSE, the advance-decline ratio is positive with 1507 advances and 1080 declines.

DLF: DLF to review progress of Cyber City stake sale.

Ashoka Buildcon: Ashoka Buildcon has received Letters of Intent (LOIs) worth Rs 178.66 crore from Dakshinanchal Vidyut Vitran Nigam (DVVNL) for execution of work on Rural Electrification on Turnkey basis under DDUGJY Scheme.

Larsen & Toubro: Larsen & Toubro Construction has signed contract with Maharashtra Government for Nagpur Smart City Project.

Hindustan Construction Company: Hindustan Construction Company starts toll operations for Farakka Raiganj Highway in West Bengal (NH-34).

Millitoons Entertainment: Millitoons Entertainment forays into Hospitality industry in a big way and enters into an agreement to acquire 9 Companies in USA which hold 9 properties in a Rs 491 crore acquisition agreement.

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