Market Magnify:- Daily Equity Report As on 15-Dec.-2017

MARKET HIGHLIGHTS

  1. Nifty ended 10333.25 UP 81.15 and Sensex 33462.97 UP 216.97 points.
  2. Govt raises customs duty on some electronic items including TV.
  3. Government may phase out kerosene subsidy by 2020.
  4. Torrent Pharma raises Rs 1,000 cr via NCDs.
  5. Bhel bags Rs 7,300 cr order to set up plant in Tamil Nadu.
  6. ITC ventures into value-added dairy products, to launch milk-based drinks soon.
  7. Will look to raise capital from govt in Q4FY18: Union Bank of India.

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Market Magnify :-Stock Market Commentary 15/12/2017

Equity benchmark indices opened on positive note on last day of the week after the exit poll results indicated that BJP will likely to win in Gujarat and Himachal Pradesh assembly election. But after gap up opening market was range bound mainly because of investors are waiting for Gujarat assembly results due on 18th December. We have also seen Indian rupee rises 19 paise to 64.15 against dollar today.  

HDFC Bank, Mahindra & Mahindra and Maruti Suzuki hit fresh record highs today, rising 2.6 %, 2.1 % and 0.7 %, respectively. » Read more

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