Stock Watch on Wednesday, 4 October 2017: Markets Open Mixed ahead of RBI Policy Result

stock market trading up Indian share markets have opened the day on a mixed note prior to the RBI’s policy outcome expected for later hours today. The BSE Sensex is trading up by 162 points at 31660 levels while the NSE Nifty is trading higher by 51 points at 9911 levels at the time of this writing.

Barring I.T stocks and metal stocks, all sectoral indices have opened the day in green with stocks from PSU and O&G sector and leading the pack of gainers, while Indian rupee is trading at 65.55 to the US dollar.

Bussing Stocks:- Nifty Pharma Index surges 1.5%. Divi’s Lab rose 3%, Sun Pharmaceuticals, Aurobindo & Dr. Reddy’s rise up 2% each.

Stocks of Natco Pharma hits 20% upper circuit seeing that Mylan laboratories gets USFDA nod for its drug Copaxonein 20&40 mg version.

Indian oil companies such as HPCL, BPCL, IOC stock gains on fuel cut excise duty. Stock rises up to 2 to 3.5%

Stocks of Hero MotoCorp advances 1% as September total sales has grown 7%.
Apollo Tyres Ltd approves QIP issue at floor price Rs 250.44 each and to set issue price on October 6, while its Stock down 1 percent.