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INDIAN EQUITY MARKET WRAP UP – 30 SEP 2016

INDIAN BENCHMARKS: SENSEX UP 39 POINTS AT 27866, NIFTY CLOSED IN GREEN BY 20 POINT It was a quiet start to the October series as short covering helped benchmark indices close marginally higher amid consolidation Friday but the broader markets showed spectacular performance despite correction in global peers. In previous session, equity benchmarks and broader

TOP CORPORATE NEWS – 30 SEP 2016

ING sells 2.5% stake in Kotak Mahindra Bank ING has offloaded 2.5% stake in Kotak Mahindra Bank for an estimated Rs3,653 crore through an open market transaction as per report. ING Mauritius Investments, the investment arm of the Dutch bank, sold a total of 4.67 crore shares, representing Kotak Mahindra Bank’s 2.5% stake, according to

RBI asks banks to give data on credit facility to minorities

1.The project is part of Prime Minister Narendra Modi’s Pragati Programme and has been actively pushed by the Home Ministry. “India has the second largest mobile subscriber base in the world. 2.RBI asks banks to give data on credit facility to minorities. 3.Ministry recommends anti-dumping duty on Chinese products The commerce ministry has said that

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 30 SEP 2016

HIGH LIGHTS:- LME Copper to Strengthen. Brent, NYMEX down in Asia after Caixin China PMI, U.S. rig data ahead. Gold gains slightly in Asia as Caixin China manufacturing PMI noted. PRECIOUS METALS:-  Gold prices rose a tad in Asia on Friday after a key manufacturing survey from China came in as expected and investors looked

INDIAN EQUITY MARKET OUTLOOK – 30 SEP 2016

Bearish start on global mayhem Indian Indices: Indian equity benchmarks are likely to witness a negative opening on Friday tracking a bearish trend across markets in Asia and a negative finish at Wall Street overnight as mounting worries that German lender Deutsche Bank’s woes may spread into the global financial sector curbed risk taking appetite.

INDIAN EQUITY MARKET WRAP UP – 29 SEP 2016

INDIAN BENCHMARKS: SENSEX TANKS 465 POINTS, NIFTY 50 BELOW 8600 The market has posted biggest one-day fall in last three months. The Nifty falls below 8600 for first time since August 26. The 50-share index fell 153.90 points or 1.8 percent at 8591.25 while the Sensex is down 465.28 points or 1.6 percent at 27827.53.

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