Tuesday, October 16, 2018

Stock Market Opening Bell & Market Update for 16-10-2018


Positive start on D-Street; Nifty hovers around 10,550; Infosys in focus ahead of Q2 nos

Market Opens: It is a positive start on the Dalal Street with Nifty is trading around 10,550, while Sensex is up 100 points.

 Sensex is up 69.48 points or 0.20% at 34934.58, and the Nifty up 20.50 points or 0.20% at 10533.

Share of Infosys is trading higher by 1 percent as company is going to announce its second quarter numbers later today.

Midcap and smallcap are trading with 0.5 percent gain.

Shares of Hathway Cable & Datacom and DEN Networks gained 6 percent on a report that Reliance Industries is likely to buy controlling stake in both the companies.

Delta Corp, Yes Bank, IndusInd Bank, Titan, Vedanta, Asian Paints are trading higher, while Wipro, Axis Bank, BPCL, Dr Reddy's Lab are on the losing side.

The Indian rupee opened marginally higher at 73.80 per dollar on Tuesday versus previous close 73.83.

Stocks in the news: Infosys, South Indian Bank, Zee Media, Indiabulls Housing, IFCI



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