Mid market commentary, November 24, 2016
DSIJ Intelligence / 24 Nov 2016
The Indian markets witnessed some sell-off in mid-session, after Banking and Auto indices witnessed profit booking on higher side. The Nifty is negative by 62 points at 7970; and the Sensex by 188 points at 25863. Both the indicators were down more than 0.25 percent each.
The Indian markets witnessed some sell-off in mid-session, after Banking and Auto indices witnessed profit booking on higher side. The Nifty is negative by 62 points at 7970; and the Sensex by 188 points at 25863. Both the indicators were down more than 0.25 percent each.
The advance-decline ratio is on the negative side. On the NSE, 1116 shares are in the green and 1238 shares are in red.
Steel Authority of India/ Tata Steel/ JSW Steel:India has imposed safeguard duties on some steel imports.The government will gradually lower the duty from 10 per cent in current year to 6 per cent by 2019.
Tata Consultancy Services: Tata Consultancy Services (TCS) has partnered with ASML to simplify business processes and enrich stakeholder experience.
Seamec: Seamec has surged 5 per cent after entering a deal with Resolve Salvage.
Oil India: Oil India to consider bonus issue in its upcoming meeting on November 28.
Zee Media: Zee Media extends rally as board approves acquisition of radio biz of Reliance Broadcast Network (RBNL).