Mid market commentary November 15, 2016

DSIJ Intelligence / 15 Nov 2016

Mid market commentary November 15, 2016

The Indian markets continue to witness a heavy sell-off in November 15, 2016 session. However the Sensex and the Nifty have seen some recovery from the lower ends. In the current scenario, the Nifty is down by 149 points to 8146 and the Sensex by 389 points to 26432. Both the indices were seen trading lower by -1.4 to -1.7 per cent.

The Indian markets continue to witness a heavy sell-off in November 15, 2016 session. However the Sensex and the Nifty have seen some recovery from the lower ends. In the current scenario, the Nifty is down by 149 points to 8146 and the Sensex by 389 points to 26432. Both the indices were seen trading lower by -1.4 to -1.7 per cent.

On the NSE, the advance-decline ratio is still on the negative side with 12 advances and 39 declines.

JK Paper: Avantha Group is likely to rebuff JK Paper's bid for two factories.

Gujarat Alkalies and Chemicals: Gujarat Alkalies and Chemicals established 105,000 TPA of Chaloromethanes plant at Dahej.

Suzlon Energy: CARE upgrades Suzlon Energy's SE Forge rating to Investment Grade BBB.

Maruti Suzuki India: Maruti Suzuki India to set up a Japan-lndia Institute of Manufacturing (JIM) in Mehsana, Gujarat.

Larsen & Toubro Infotech: Larsen & Toubro Infotech has been awarded a multi-year applications managed services contract by Hartford Steam Boiler (HSB).

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