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Mid-market commentary : September 16,2016

By Abhijeet Gosavi | 9/16/2016 1:06 PM Friday

The Indian markets carried on with their northward journey in the mid-session too. At present Nifty is trading up by 95 points to trade at 8837 and the Sensex is up by 333 points and is trading at 28746. Both the indices were seen trading higher by more than 1.5% each.

In the mid-market session, 13 out of the 13 sectors are seen trading in the green zone. Banks and Auto have seen the highest gains and are trading up more than 300 points each. Capital Goods, FMCG and Healthcare are up by 150 points each. Mid-caps and Small-caps were positive for the day.

All the Asian markets are trading on a mixed note since morning. Nikkei is the top gainer so far and is positive by 114 points. The Hang Seng is trading higher by 144 points. However, the Straits Times and KOSPI were trading on a negative note.

Aurionpro Solutions: Aurionpro Solutions had completed acquisition of Spikes Security - formed 'Cyberinc' for Enterprise Security.

Reliance Industries: Reliance Industries has received more points of interconnection from Vodafone. The proposed Augmentation of Interconnection Capacity by Vodafone will help company over the next few months.

Suzlon Energy: Suzlon Energy has secured 52.50 MW maiden order from Oil India.

Balasore Alloys: Balasore Alloys has commenced the commercial production from September 15, 2016 at its Sukinda Unit, Odisha. The Sukinda Unit has a installed capacity of production of 15660 MT per annum.

Cupid: Cupid has listed on National Stock Exchange, and shares have rallied more than 8 per cent on an intraday basis.

 

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