Sensex crosses 32,000 mark; Top stocks in focus
Domestic equity markets open on a positive note on Tuesday, against the previous session’s closing with firm global cues. At 10.40 am BSE Sensex gains 130 points, to 32,012, while the Nifty50 rises 39 points, to 10,045. The Indian rupee opened slightly weak against the USD. The shares of Sun Pharma, Tata Steel and Asian Paints climbed, whereas the shares of ONGC and Coal India fell in the morning hours.
A few top stocks that in focus today:
Godrej Industries gained 3% after its arm Godrej Agrovet got Sebi’s go-ahead to raise an estimated Rs 1,000-1,200 crore through an initial public offering.
Stocks of Tata Steel hit an over Six-year high of Rs 692, up 4.7 percent on BSE today morning after Tata Steel UK announced that the British Steel Pension Scheme has been separated from the company. Tata Steel stock was trading at its highest level since January 2011.
IndiGo’s parent arm Inter-Globe Aviation has announced some of its promoter organisations will offload shares under an IPP (institutional placement) programme in which it is expected fresh issuance of shares.
Share holders of Religare Enterprises have approved a proposal to invest up to Rs 500.00 crore in its arm Religare Capital Markets for repaying debt for Mauritius business, and capital needs of India business.
Tata Motors would invest Rs 1,500 crore across various segments of freight-haulers to secure its leadership credentials to help recover some of the lost market-share in the past couple of months.