The key benchmark indices bounced back after hitting fresh intraday low in early trade. The BSE Sensex, was down 6 points at 33,364.50, while the Nifty 50 index was down 8 points at 10,341.85. Metal and pharmaceutical shares were in demand. The Sensex and Nifty hit fresh intraday high in early trade. Selling pressure rose at higher levels, which pulled the key indices to the day’s low. However, Indices, bounced back after hitting the intraday low.
Stocks in Limelight:-
Bharti Airtel on 7 Nov 2017 has announced ‘Data Rollover’ facility for its home broadband customers.
Ashok Leyland Ltd, Arvind Limited, Bharat Forge Limited, Indian Energy EX Ltd, CESC Ltd, IRB Infra Developers Ltd, Petronet LNG Ltd, Thermax and Voltas are some of the major companies that will table their quarterly earnings on Wednesday.
Prestige Estate Projects‘ net profit slipped 23.8% to Rs 50.90 cr on 24.3% rise in net sales to Rs. 599.60 cr in Q2 Sept 2017 Year on year.
Adani Ports & Special Economic Zone’s to consider issuing NCDS by PP basis in one or more tranches within the limits approved by its shareholders.
Alembic Pharma’s consolidated net profit rose 1.4% to Rs. 121.56 cr on 10.2% fall in net sales to Rs 789.29 crore in Q2 Sept 2017 Year on year. Hero MotoCorp has unveiled the Xpulse Concept motorcycle as a world premier at the EICMA in Milan, Italy.
EPC Industries has commenced the commercial production at its new manufacturing unit situated at Vadodara.