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A listless end to the day
Mon, 2 Nov Closing

After trading weak during post noon trading session, the Indian equity markets failed to gather momentum and closed the day on a negative note. While the BSE Sensex today closed lower by 98 points, the NSE- Nifty closed lower by 15 points. On the other hand, while the BSE Mid Cap index closed higher by 0.1%, the BSE Small Cap index closed lower by 0.2%. Metal stocks were the biggest losers today.

Asian stock markets finished sharply lower today with shares in Japan leading the region. The Nikkei 225 is down 2.1%, while China's Shanghai Composite is off 1.7% and Hong Kong's Hang Seng is lower by 1.19%. European markets are mixed. The DAX is higher by 0.59%, while the FTSE 100 is leading the CAC 40 lower. They are down 0.29% and 0.14% respectively. The rupee was trading weak at 65.47 against the US$ at the time of writing.

Power stocks languished in the red today with Torrent Power and KSK Energy bearing majority of the brunt. Power Grid Corporation of India (PGCIL) has reportedly been selected as the successful bidder under tariff based competitive bidding to establish transmission system for 'Strengthening of Transmission System beyond Vemagiri' Project on build, own, operate and maintain (BOOM) basis.

the reform laid out by the government to kick-start power sector reforms in three states in order to bring efficiency in the Indian power sector.

healthcare sector. According to a leading financial daily, Dr. Reddy's Laboratories has launched Nise D spray for the treatment of pain. Through this product, the company is emphasizing its strategic intent of being a player of substance in the Indian OTC (Over The Counter) space and has further expanded its offerings in the therapeutic area of pain relief to consumers.

generic pharma companies has been benefitting from global M&A activity.

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Oct 17, 2017 (Close)