Mid-market commentary: November 2, 2016

The Indian markets started with a gap down opening. Market is trending with a negative bias after muhurat trading itself on fears of US presidential poll results. Currently, Nifty is down by 99.75 points at 8526, while Sensex has declined 304 points at 27572. Both the indices were seen trading with losses of more than one per cent.

On the NSE, the advance-decline ratio is indicating the same, with 266 advances and 1340 declines.

Meanwhile, European markets are expected to start the day on a negative note as futures are trading with more than half per cent loss.

Stocks to watch:

Cox & Kings: Cox & Kings introduces money transfer solutions in partnership with UAE Exchange India.

Nestle India: Nestle India, Food and Drugs Administration, Goa and NASVI have joined hands to raise awareness on food safety practices and hygiene among street food vendors.

V2 Retail: V2 Retail has closed one operational retail store located at Main Bazaar, Delhi. Therefore, currently 31 retail stores are in operation.

MOIL: MOIL has revised prices of ferro grades of ore by 30 per cent w.e.f. November 1.

Ujaas Energy: Ujaas Energy has bagged an order from Airports Authority of India for designing, manufacturing and commissioning of rooftop grid-connected solar photovoltaic system.