Mid market commentary: December 5, 2016

The Indian markets extended their losses in late first half after continuing weakness in Asian markets. At present Nifty is trading down by 21 points to trade at 8065 while BSE Sensex has also decreased by 69 points and is trading at 26160. Consumer Durables and IT indices have dropped more than 100 points. Meanwhile, Automobile index has surged by 0.87 per cent to 19815 on an intraday basis.

On the NSE, the advance-decline ratio almost flat with 778 advances and 774 declines.

Hexaware Technologies: Hexaware Technologies multiplies it BPS delivery capability in Chennai.

Entertainment Network (India): Entertainment Network (India) has commenced broadcast from its radio station at Pune (2nd channel – 104.2 FM). The 2nd channel has been branded ‘Mirchi Love’.

Peninsula Land: As per media reports, Peninsula Land to sell 150 acres’ land to reduce debt.

Yes Bank: Yes Bank partners with Ola to set up Mobile ATMs in 10 cities. The share price of the company will be watched out for rest of the trading session.

Strides Shasun: Strides Shasun’s Control Test Laboratory, which is part of its R&D centre in Chennai was inspected by the USFDA in August 2016 has now received the Establishment Inspection Report (EIR). The laboratory continues to be USFDA approved.