The SGX Nifty is currently trading seven points down at 11,578 levels and this indicates insipid trade that could characterise today’s markets.

Generic Engineering Construction and Projects Limited has received two orders from Mahindra Happinest Developers Ltd. and Milagro Infrastructure Private Ltd. for a contract value of Rs. 67.41 crore and Rs. 12.88 crore respectively.

New Fund Offers (NFOs) that are open for subscription.

The stocks to look out on September 30 include Tata Power, Punjab & Sind Bank, IDBI Bank, GOCL and Mahindra & Mahindra.

L&T Finance Holdings is set to raise funds approximately of Rs. 150 crore through Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS).

The recent announcements on corporate tax rate cut and GST cuts were not effective enough to boost the auto stocks. In fact, the auto stocks continue to decline as, currently, there isn’t any major initiative announced by the government, particularly for the auto sector.

As the market reversed its trend to downside, pharma and auto stocks led the losses in Friday’s trading session. While auto stocks fell amid concerns about sales growth, the pharma stocks had to face the brunt of drug quality, triggered by suspension of ranitidine hydrochloric drug.

The currency appreciation is positive for the overall sentiment of the markets. Strong currency and decline in crude oil prices will be key drivers for the markets going ahead.

Orient Refractories offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoys large domestic and international clientele.

Broader markets too ended with handsome gains. Both the BSE Mid cap index and the BSE Small cap index have logged gains of more than a per cent each for the week.