Sensex opens below 33,000, Stock Trading news and Calls on 15 November 2017

stock advisory companyThe key benchmark indices extended losses with Sensex lost 125 points to hit the day’s low of 32,816 levels while the NSE Nifty dropped 44 points to mark a day’s low of 10,142.55 at 10.45 hours on Wednesday.

Sun Pharma was the biggest loser on Sensex after the company reported a decline of 59.19% in the consolidated net profit to Rs 912.12 cr for the quarter ended on 30 Sept 2017 YoY basis.

Earnings Reports: GAIL (India)’s net profit rose 41.6% to Rs. 1309.63 Cr on 4.5% growth in net sales to Rs. 12409.65 Cr in Q2 Sept 2017 on YoY basis.

Bank of Baroda’s net profit fell 35.64% to Rs. 355.36 Cr on 3.68% rise in total income to Rs. 12490.39 Cr in Q2 Sept 2017 YoY.

Indiabulls Real Estate’s consolidated net profit fell 30.28% to Rs. 93.90 Cr on 1.54% rise in net sales to Rs. 721.58 Cr in Q2 Sept 2017 year on year.

NBCC (India)’s consolidated net profit rose 31.33% to Rs. 81.24 Cr on 12.07% fall in net sales to Rs. 1,319.25 Cr in Q2 Sept 2017 YoY.

The major companies which are lined up to announce their Q2 earnings are New India Assurance Company, CARE Ratings, Golden Tobacco, TD Power Systems, Digjam, Empee Distilleries, Automotive Axles, HMT and Universal Cables, among others.

Stock in News today 7th November 2017, Best Intraday Advisory Company

stock market down Indian stock markets opened a little bit higher on Tuesday following the cues of higher US markets. Later the indices slowly turned flat At 10.35 am, the BSE Sensex is trading at 33,664 levels, down by 66 points, while NSE Nifty is trading at 10,426 levels down by 25 points. Except the FMCG and IT index all the other sectoral indices are in the red. The Indian rupee is trading at 64.73 to the U.S Dollar in the morning hours.

Stock Focus today:-
GlaxoSmithKline, Cipla, Bharat Heavy Electrical Ltd, Future Retail Ltd, VIP Industries Ltd, Jyothy Lab Ltd and Thermax are some of the companies that will release their Q2 earnings on Tuesday, 7 Nov 2017.

Muthoot Capital Service Ltd launched Qualified Institutional Placement to raise Rs 200 crore. The Price band is fixed at Rs 601-610 per share.

Everstone Group has agreed to acquire Kenstar, air conditioners and home appliances, from Century Appliances Ltd, an associate of the Videocon Group.

Tata Chemicals Limited sells its non-bulk phosphates business to IRC Agro-chemicals for Rs. 375 cr, which involves sale of the fertilizer biz, the assets attached to it as well as the company’s Haldia plant.

Just Dial’s net profit rose 26.47% to Rs 37.46 crore on 3.97% rise in total income to Rs 214.52 crore in Sept 2017 year on year.

Bank of Maharashtra reviewed its marginal cost of funds based lending rates (MCLR) with effect from 7 November 2017.

06 Nov Monday Top Stock in News, Sensex Nifty Intraday low in morning trade

Sensex Nifty down Sensex, Nifty hit fresh intraday low in morning trade on Monday. The Sensex is trading at 33,681 down by 4.56 points whereas Nifty edged down 9,45 points at 10,423 at 10.40 am today.

Stock News: The shares of Reliance Nippon AMC will be listed on the NSE today. The offer had opened for subscription from Oct 25 to 27 in a price band of Rs 247-Rs 252.

Union Bank has reported loss of Rs 1530.72 cr for the Q2FY18, due to its rise in bad loans. It had earlier posted a profit of Rs. 176.67 cr in the July – September of previous fiscal.

Stocks of PNB in under watch as CLSA has maintained `buy’ rating on PNB and raised the target price to Rs 250 from Rs 180.

The Real Estate major DLF Ltds’ stock will be watched out as the CCI has approved Singapore’s sovereign wealth fund GIC’s proposal to acquire a stake in a rental arm of the company for 1.39 billion dollar.

ITC Limited has said that the company intends to invest Rs 10,000 cr to set up food processing facilities across the country and its looking to have around 20 such units pan India.

Hindalco Industries is looking to set up new factories in the US and China to cater to growing auto demand through overseas subsidiary Novelis.

03 Nov Sensex Nifty little high in early trade, Stocks in Focus Today

stock market high Sensex, Nifty drifted little high in early trade led by gains with the NSE Nifty rising 10.30 points or 0.10% at 10,434.10 while BSE Sensex gained 33.76 points or 0.10% to start at 33,608.98 at 10.25 am today, 3 Nov. 2017.

Bharti Airtel Ltd shares were the lead gainer on both Sensex and Nifty, jumped 3.97% to hit a fresh ten-year high of Rs. 564.8 subsequent on the Bharti Telecom acquired 4.62% stake in Bharti Airtel in a block deal.

Stock News: Punjab National Bank, Hindalco, Tata Power, Titan Watch Company and UCO Bank are among the companies that will be announcing their Q2 earnings today.

Shares of Vedanta Ltd hit a fresh 52-week high, rising its shares by 1.64% to Rs 346.4 on NSE after the company reported a 43% growth in consolidated net profit at Rs 2,036 crore for the Q2 Fy17 led by higher production and strong commodity prices.

Punjab National Bank reportedly has given its approval for partial stake sale in arm PNB Housing Finance and entire stake sale in Principal PNB AMC.

AU Small Finance Bank has got sanction from RBI to operate as Scheduled Commercial Bank. Its name has already been enrolled in the Second Schedule of RBI Act, 1934. 

Dr Reddy’s Laboratories has announced that it has launched generic Azacitidine for injection, a cancer treatment drug, in the markets at Canada.

Sensex, Nifty Opens in Green; Banking Stocks leads the Trend

sensex nifty upMarket Live- Stock markets in India have opened Friday on a positive note. The BSE Sensex is trading higher by 66.30 points at 33,213.44 while the NSE Nifty is trading higher by 3.30 points at 10.347.10 at 10.40 am today.

Except banking stocks, all sectoral indices have opened the day positively with metal sector and consumer durables leading the pack of gainers. The rupee is trading at 64.79 to the US Dollar.

Bank stocks have opened on a mixed note with Indusind Bank and South Indian Bank being the most active stocks in banking sector. Yes Bank reported a 25% growth in net profit for the Q2 ended Sept 2017 mainly due to a fast growth in advances and a rise in fee income.

Cipla’s U.S. unit gets final FDA nod for generic Renvela tablets with Stock advances over 1 percent, while Sugar company stocks open strong. Dwarikesh Sugar, Dharani Sugar, Dwarikesh Sugar rises 4 percent each.