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As On 24-Nov-2017
SENSEX
33,679.24
91.16 (0.27%)
NIFTY
10,389.70
40.95 (0.40%)
EQUITY
    No Companies Visited

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  • Next batch of Q2 results to provide direction

    Q2 results of India Inc., macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in week ahead.

    Among prominent companies slated to announce their results, Cipla announces Q2 results on Tuesday, 7 November 2017. Tata Motors and Aurobindo Pharma will announce Q2 results on Thursday, 9 November 2017. Mahindra & Mahindra and State Bank of India will announce Q2 results on Friday, 10 November 2017. Coal India and L&T will unveil Q2 results on Saturday, 11 November 2017.

    On the new issue monitor front, initial public offering of up to 29.98 crore shares by selling shareholders of HDFC Standard Life Insurance Company will remain open for bidding from Tuesday, 7 November 2017 to Thursday, 9 November 2017.

    IPO of footwear maker, Khadim India remains open for bidding from 2 November 2017 to Monday, 6 November 2017.

    Meanwhile, the Goods & Services Tax (GST) Council chaired by finance minister Arun Jaitley will reportedly meet in Guwahati, Assam on Thursday, 9 and Friday, 10 November 2017 to consider further changing the liberal quarterly tax filing scheme called composition scheme meant for small & medium enterprises (SMEs).

    The GST Council is set to trim the list of items in the highest tax slab of 28% by shifting some items of common use as well as products made predominantly by SMEs to a lower tax slab. The GST Council wants to address the public perception of high tax rates on certain items of common use as well as give further relief to SMEs, which are labour-intensive, report added.

    On the global front, IHS Markit Eurozone Composite Purchasing Managers' Index (PMI), which gauges combined activity of factory and services sectors in eurozone for October will be announced on Monday, 6 November 2017.

    The University of Michigan's Consumer Survey Center's preliminary estimates of consumer sentiment in US for November will be released on Friday, 10 November 2017.

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Flash News 24-Nov-2017
  •  ( 15:35) Market settles with modest gains  
  •  ( 14:33) Uber to partner with M&M for electric vehicles in India  
  •  ( 13:45) European stocks edge higher  
  •  ( 11:54) Govt nod for projects worth over Rs 1 lakh cr for Tamil Nadu  
  •  ( 11:52) No proposal to withdraw bank chequebook facility: Govt  
  •  ( 11:31) Zydus gets approval for Minocycline Hydrochloride tablets  
  •  ( 11:22) Winter session of Parliament to be held from 15 December  
  •  ( 10:21) RIL closes Marcellus shale asset sale for $126 million  
  •  ( 09:35) The Markit/Nikkei Japan Manfg. flash Nov PMI rises to 53.8  
  •  ( 08:49) US markets remain shut  
  •  ( 08:47) Ordinance to amend Insolvency & Bankruptcy Code promulgated  
Show News
24 November 2017 00:00
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