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CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 16 SEPTEMBER 2019

market-wrap-up

Closing Bell: Nifty holds 11K, Sensex falls 261 pts; OMCs take a beating, Titan up 2%

Indian indices ended lower but off day’s low with Nifty able to hold above 11,000 level.At close, the Sensex was down 261.68 points at 37,123.31, while Nifty was down 72.40 points at 11,003.50. About 1360 shares have advanced, 1137 shares declined, and 169 shares are unchanged.

HEADLINES OF THE DAY

Strike on Saudi Arabian crude processing facilities expected to add a geo-political risk premium to oil prices: ICRAAs to the resumption of production, the Saudi Arabian officials have said that about a third of the oil supply can be brought online by Monday but bringing the entire production back would take weeks.

On Mobile hits 20% upper circuitOnMobile Systems Inc.is the Promoter of OnMobile Global and currently holds 48.18% of the total issued and paid-up share capital of ON MOBILE., .

IDBI Bank down 2% on receiving GoI’s approval for raising equity capital of Rs4,557crThe bank has received a letter from the Government of India, conveying the sanction of Rs4,557cr to IDBI Bank towards contribution of the Central Government in the preferential allotment of equity shares of the bank.capital.

Nifty below 11,000-mark; Energy, Banking stocks dragMid- and small-cap indices traded on a mixed note, with the BSE Midcap Index down 0.34% and the BSE SmallCap Index up 0.38%. 10600.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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