Monday 30 October 2017

Today's Stock Market Updates

  Ø Govt announces Rs2.11 trillion PSU bank recapitalisation plan.
Of the total bank recapitalisation outlay, Rs1.35 trillion will come from the sale of recapitalisation bonds and the rest through the Indradhanush plan and fundraising from the markets.



  Ø ICICI Bank has reported profit at Rs 2,058 crore for the quarter ended September 2017, lower by 33.66 percent compared with Rs 3,102.3 crore in same quarter last fiscal.

  Ø ITC Q2 profit meets expectations at Rs 2,640 cr; revenue up 6.8% to Rs 10,314 cr.


  Ø IOC Q2 profit below estimates at Rs 3,696 crore; GRMs at $6.08 per barrel.

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