Mid market commentary: November 30, 2016

DSIJ Intelligence / 30 Nov 2016

Mid market commentary: November 30, 2016

The Indian markets carried on with their northward journey in the mid-session too. At present, Nifty is trading up by 31 points at 8,172 and the BSE Sensex is up by 86 points at 26,480. 

The Indian markets carried on with their northward journey in the mid-session too. At present, Nifty is trading up by 31 points at 8,172 and the BSE Sensex is up by 86 points at 26,480. Both the indices were seen trading positive ahead of Q2FY17 GDP data to be declared later in the day.

On the NSE, the advance-decline ratio is positive with 1075 advances and 459 declines.

Hindustan Construction Company: Hindustan Construction Company (HCC) board will consider issuance of equity shares as well as optionally convertible debentures to lenders under the scheme for the sustainable structuring of stressed assets. 

GVK Power & Infrastructure: GVK Power & Infrastructure declared its Q2FY17 results. The company’s net loss has increased to Rs 13.41 crore in Q2FY17 as against the net loss of Rs 8.09 crore in Q2FY16.

Sarda Energy: Sarda Energy surged on restoration of operations at the iron ore mine.

Yes Bank: Yes Bank launched SIMsePAY, the industry first innovation to empower all citizens to utilise and broad-base digital banking.

Max Ventures and Industries: Max Ventures and Industries’ promoters have acquired an additional 3.60 per cent stake in the company. The promoters' shareholding in the company now stands at 44 per cent. 

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