Mid-market commentary: November 4, 2016

DSIJ Intelligence / 04 Nov 2016

Mid-market commentary: November 4, 2016

The Indian market is continuing with its selling spree amidst jitters over prospects a Trump win in the US presidential poll. Currently, Nifty was down 19.45 points at 8465.5 and Sensex too declined by 33.69 points at 27396.59.

The Indian market is continuing with its selling spree amidst jitters over prospects a Trump win in the US presidential poll. Currently, Nifty was down 19.45 points at 8465.5 and Sensex too declined by 33.69 points at 27396.59. Both the indices were seen trading about 0.25 per cent lower.

On the NSE, the advance-decline ratio is indicating the same with 217 advances and 1385 declines.

Meanwhile, European markets may start the day on a positive note as futures are trading with marginal gains. 

Stocks to watch:

Blue Star: Jumbo Engineering Partners with Blue Star for design, distribution and maintenance of cold room products and solutions for UAE.

Reliance Industries: Reliance Industries’ Reliance Jio Infocomm received allocation of additional POIs by Airtel, post intervention by the telecom regulator.

Equitas Holdings: Equitas Holdings’ subsidiary Equitas Small Finance Bank has signed world's leading off-spinner R Ashwin as brand ambassador for Equitas SFB.

Mahindra & Mahindra/Maruti Suzuki/Tata Motors: The Ministry of Heavy Industries has requested NGT to vacate ban on 10-year-old diesel vehicles.

Larsen & Toubro: The government has sold 1.6 per cent of SUUTI holding in Larsen & Toubro (L&T).

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