Daily market commentary - 11th October 2019 - Mr Jaipal Shetty, Fundamental Analyst, BONANZA PORTFOLIO LTD

The markets closed in the green today with NIFTY 50 up by 0.6% closing at 11,257 and SENSEX closing lower by 0.65% to 38,127. Our markets followed the trend in global markets which were in the green on the back of resumption of trade talks between US-China and expectation of smooth exit of Britain from the European Union.

TCS stock corrected by 1% today on the back of weak second-quarter results that it declared yesterday post-market hours.

India Ratings has placed Long term Issuer Rating of NCC on rating watch negative, the stock closed lower by 0.7% in trade today.

Bandhan Bank rallied 15% today after news emerged that it may get added into MSCI Index after its merger with Gruh Finance.

Source : Equity Bulls

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