Mid-market commentary: November 3, 2016
DSIJ Intelligence / 03 Nov 2016
Indian markets started a day on a positive note after three consecutive days of losing streak.
Indian markets started a day on a positive note after three consecutive days of losing streak. Currently, Nifty is up by 18.75 points at 8532.75 and Sensex is also up by 47.21 points at 27574.58. Both the indices were seen gaining about 0.25 per cent.
On the NSE, the advance-decline ratio is indicating the same with 998 advances and 578 declines.
Meanwhile, European markets are set to start the day on a negative note as futures are trading at 0.25 per cent loss.
Stocks to watch:
Pincon Spirit: Pincon Spirit is set to increase the MRP of its IMFL Brands viz. Pincon No.1 Whisky, Pincon XXX Matured Rum, Pincon Perfect Vodka, Pincon King's Coin Whisky/Rum/Vodka etc.
Strides Shasun: Strides Shasun and Mylan have settled all regulatory claims related to Agila transaction.
Visaka Industries: Visaka Industries completed its expansion of production capacity at the company's textile unit situated at Chirvah Village, Nagpur. The new Unit 5 has been commissioned and has started commercial production from November 1.SAIL/Vedanta: The government imposed a provisional anti-dumping duty on import of hot-rolled steel products from China for six months.
Gulshan Polyols: Gulshan Polyols’ board would consider subdivision of shares this week.
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