Mid-market commentary : September 20, 2016
After starting on a weak note, the Indian markets remain in stress in the mid-morning session. The indices like Auto and Bank have seen majority of profit booking, down by 124 points and 82 points respectively. At the moment, the Sensex is trading lower by 100 points at 28536; and the Nifty is down by 30 points at 8778. The indices are seen trading lower by around 0.3 per cent each.
7 out of the 13 sectoral indices are trading in the green. Metals and Oil & Gas are the top twiners gainers, up by 80 points each. While Mid-caps and Small-Caps are also trading in positive territory. However Auto, Banks and FMCG are trading in negative territory.
The Asian markets are trading with mixed results. Hang Seng is the loser, down by 38 points. The Nikkei is also down by 27 points. The Shanghai, KOSPI and Taiwan Weighted are all nominally positive.
V-Mart Retail: V-Mart Retail has opened new store at Siliguri in West Bengal.
Mindteck (India): Mindteck has implemented innovative smart parking solution for New Delhi Municipal Corporation (NDMC).
IFCI: IFCI is going to divest in Assets Care and Reconstruction Enterprise Limited (ACRE).
Castrol India: British Petroleum is looking to sell 8.5 per cent stake in Indian subsidiary, Castrol India.
Sharon Bio-Medicine: Sharon Bio-Medicine has received USFDA approval for Taloja API plant.