In the last week, dated Sept 22 – Sept 29, market witnessed a downward trend. Sensex has fallen 2% while Nifty was down 1.8% in the past week. Market’s selling pressure globally, geopolitical worries and surgical strike along the border of Myanmar are the key reasons that impacted the movements of market. Sensex and Nifty closed at 31,284 and 9,789 and levels.
Coming Week Watch out:- Automobile companies’ shares of will be watched out as these companies start announcing their monthly sales numbers for Sept starting 1 October 2017.
Godrej Agrovet, promoted by Godrej Industries Ltd is coming up with an IPO on 4-October, aggregating upto Rs 291.51 crore, fixing price band at Rs 450-460 per share.
MAS Financial Services is coming up with an IPO aggregating to Rs 460.04 crore which opens on 6 Oct and closes on 10 Oct 2017. The RBI bimonthly monetary policy decision is slated at 2.30 pm on Wednesday, 4 Oct 2017.
The RBI bimonthly monetary policy decision is slated at 2.30 pm on Wednesday, 4 Oct 2017. The RBI had cut policy repo rate by 25 bps to 6% after its last monetary policy meeting in August, reducing the key policy rates for the first time in this financial year.