Mid market commentary: December 2, 2016
DSIJ Intelligence / 02 Dec 2016
The Indian markets have extended losses in late first half after rallying almost for one week. At present Nifty is trading down by 78.25 points to trade at 8114.65; while BSE Sensex has also decreased by 237.34 points and is trading at 26322.58.
The Indian markets have extended losses in late first half after rallying almost for one week. At present Nifty is trading down by 78.25 points to trade at 8114.65; while BSE Sensex has also decreased by 237.34 points and is trading at 26322.58. All sectoral indices are trading in red.
On the NSE, the advance-decline ratio is negative with 373 advances and 1172 declines.
Quess Corp: Quess Corp has completed the acquisition of 74 per cent equity in Inticore VJP Advance Systems.
Hero MotoCorp/Bajaj Auto: Hero MotoCorp and Bajaj Auto's November 2016 sales have declined about 13 per cent each due to demonetisation.
Dalmia Bharat: Dalmia Bharat Group envisages Rs 2000 crore investment in Odisha.
Shilpa Medicare: Shilpa Medicare to raise Rs 175 crore via equity. The company has approved issuing equity shares on a preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share.
Hindustan Construction Company: Hindustan Construction Company(HCC) has approved offering of 24.44 per cent equity shares on preferential basis. The share price will remain in limelight for rest of the trading session.