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INDIAN EQUITY MARKET WRAP UP – 18 OCT 2017

INDIAN BENCHMARKS: SENSEX ENDS MILDLY LOWER NIFTY MANAGES TO HOLD 10200 Equity benchmarks ended mildly lower on last day of Samvat 2073, dragged by banks after disappointing numbers from Axis Bank. The 30-share BSE Sensex was down 24.81 points at 32,584.35 and the 50-share NSE Nifty fell 23.60 points to 10,210.90. The market breadth was

TOP CORPORATE NEWS – 18 OCT 2017

  UltraTech Cement Q2FY18 consolidated net profit declines 31% yoy Ultratech Cement’s consolidated revenue for the quarter came in at Rs. 6936 crore, registering 6.6% yoy increase. EBITDA for the quarter rose by 14.4% yoy to Rs. 1395 crore with a corresponding margin expansion of 139 bps. EBITDA margin for the quarter stood at 20.1%.

Gold prices inch up from one-week low – 18 OCT 2017

Gold prices inched up on Wednesday from a one-week low with the dollar holding steady, but speculation that President Donald Trump might pick a policy hawk to lead the U.S. Federal Reserve weighed on the metal. Spot gold was up 0.1 percent at $1,286.11 an ounce at 0350 GMT. It hit a one-week low of

INDIAN EQUITY MARKET OUTLOOK – 18 OCT 2017

Markets expected to open in the red; Indian Indices: SGX Nifty indicating a negative opening for the Indian markets. SGX Nifty indicating a negative opening for the Indian markets. Indian benchmark indices are likely to open lower in holiday-shortened week on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed

Stocks to look out for today: 18 OCT 2017

During the previous session, Nifty opened the session with a positive bias and it moved in a narrow range for the most part of the trading session and at the end of the day it ended the session on a flat note. Nifty managed to close above the long-term upward channel resistance around 10,220 for

INDIAN EQUITY MARKET WRAP UP – 17 OCT 2017

INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT BUY MIDCAP SHINE, CIPLA GAIN 4 %  Equity benchmarks closed flat after consolidation but Nifty managed to end at record closing high. The 30-share BSE Sensex was down 24.48 points at 32,609.16 and the 50-share NSE Nifty rose 3.60 points to 10,234.50. The market breadth was almost balanced as

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