Sensex, Nifty extend gains, Bharti Airtel, Tata Motors shares gain

Sensex Nifty up Sensex & Nifty opened on a higher note for the second straight day on Friday. The BSE Sensex was up 249.49 points at 33,198.70. The NSE Nifty 50 index was up 83.30 points at 10,250 in later morning hours.

Shares of Tata Motors rose 1.7%, Vedanta up 1.6%), Marut Suzuki up 1.4%, IndusInd Bank rose 1.36% and United Phosphorus Ltd gained 1.3% becoming the top gainers on Nifty50, whereas Infratel, Eicher Motors, Asian Paints, NTPC and Ambuja Cement were the top losers in today’s trade.
Shares of Jet Airways declined about 4% after the company posted a 91 percent fall in its July-September net profit to Rs.50.00 crore.

The shares of Bharti Airtel Limited gained over 7.10 percent to on BSE while it zoomed 7.24 percent to Rs 518.5 on NSE and it settled up 6.5 percent on BSE.

The stock of Bharti Airtel was among the major gainers on Sensex, which rose 1.3 percent after it zoomed more than 6 percent in yesterday’s trade.

The Indian rupee opened little changed against the dollar. It opened at 64.55 per dollar and was trading at 64.58 a dollar, down 0.02% from its Thursday’s close of 64.57.

Strong market breadth; Sensex gains nearly 230 points, Nifty reclaims 10,119

Sensex Nifty rise todaySensex & Nifty extended initial gains and hit new intraday high in morning session, on Thursday. At 10.50 am, the BSE Sensex jumped 236.72 points to hit the day’s high of 32,833.90 while NSE Nifty edged up 74.90 points to mark the day’s high at 10,119.00. Investors mostly felt to get a relief after macro-economic ridden week ended on Wednesday with RBI fifth bi-monthly monetary policy keeping the repo rate unchanged at 6 percent.

Metal mostly rose with Hindustan Copper (up 2.38%), SAIL (up 1.71%), JSW Steel (up 1.40%), Jindal Steel (up 1.36%), Tata Steel (up 1.23%), Bhushan Steel (up 0.98%), nalco (up 0.92%), among others.

All the sectoral stocks of NSE have traded in the green with Nifty Auto, Metal, Realty, and PSU Bank index leading the gains.

Shares of Tata Steel, NTPC, Hero MotoCorp, Maruti, L&T and Bajaj Auto were leading the charge while shares of Wipro, Sun Pharma, and RIL falling a little in the early trades.

The heavyweight shares of State Bank of India, L&T, Maruti Suzuki, ICICI Bank contributed the most to the Sensex gains.

Sensex, Nifty open marginally higher, Infosys shares rise

stock market up The key indices opened the session on a flat note since traders remained cautious ahead of Sept-quarter GDP data to be released on Thursday.

At 10.40 Am., the BSE index Sensex was up 31.91 points at 33,650.50 and the NSE Nifty 50 index was up 8.90 points at 10,379.15.

Shares of Oil and Natural Gas Corporation, Coal India, Reliance Industries, Dr Reddy’s Lab, ITC, NTPC, Infosys gained up to 1.7% while Axis bank and HDFC dragged the most, lost up to 1.2 percent each. The heavyweight shares of Reliance, ITC and Infosys contributed the most to the Sensex gains, whereas a fall in HDFC twins and Axis Bank cut off most of the gains.

Shares of SREI Infrastructure Finance Ltd rose 2.5 percent to Rs. 111.65 after its subsidiary SREI Equipment Finances files draft red herring prospects with regulator Sebi. The initial offer consists fresh issue of shares worth Rs. 1,100 crore and offer for sale of up to 43.86 lakh shares by SREI Infra.

The Indian rupee depreciated 10 paise to 64.51 against the USD in early trade. Earlier yesterday, it has gained 9 paise to conclude at a fresh two-month high against the US dollar.

23 Nov Sensex Nifty trade flat, Top Stocks Watch today and Trading news

stock market up Stock markets have opened the on Thursday on a flattish note against the previous day’s closing. At 10.40 am, the BSE Sensex is trading up by 18.70 points at 33,580.25 while the NSE Nifty is trading up by 9.75 points at 10,352.05. The stocks of Bharti Airtel, Lupin and Sun Pharma rose, while the stocks of Asian Paints and Dr. Reddy’s fell in the morning hours.

Stock watch out during trade on Thursday, based on recent & latest news developments:-
Coal stocks will be in focus as the Supreme Court on Wednesday refused to modify the Centre’s notification banning the use of furnace oil & pet coke in UP, Rajasthan and Haryana and asked the NTPC to approach the govt.

Thomas Cook India Ltd, the Tour operator company, has got board approval to divest a 5.42% stake in its subsidiary Quess Corp, which would bring down its shareholding to 51.56% and propose to raise over RS 600 crore through OFS route.

Tata Teleservices Limited has started shifting its customers to the network of Bharti Airtel Ltd under an intra-circle roaming agreement. The first set of customers being moved to Airtel’s network is from U.P (West), Bihar and West Bengal. 

Inter Globe Aviation: IndiGo, is keenly consider alternate plans to induct at least 50 wide-bodied planes for overseas flights.

FMCG major Godrej Consumer Products Ltd has trimmed prices of its various products in the range of 7 to 10 percent to pass on benefits of the recent GST rate reduction.

Stock Market News- Stocks to Watch out on 22 November 2017

sensex up Key benchmark indices edged higher in early trade on Wednesday, with indices extending fresh gains tracking steadiness in Asian stocks. The stocks of Adani Ports, Mahindra and Mahindra, Bajaj Auto, HDFC rose, while the shares of Dr. Reddy’s and Axis Bank fell in early hours. At 10.35 am, the BSE Sensex traded higher by 38.28 points to 33,514.63, while the NSE Nifty 50 rose 0.65 points to 10,327.55.

Stocks to watch out today: Steel Authority of India’s (SAIL) stock will be watched out as the company is likely to have JV for 1.5 million ton steel plant for production of auto-grade steel with Arcelor Mittal.

Telecom sector stocks will be in limelight as the Telecom Regulator has put forward relaxing spectrum holding limits.

Shares of Reliance Industries Limited is on watch after the global investment banking company Goldman Sachs raised their target price by 26% to Rs 1,205. RIL shares rose by 2% to Rs.939.65, on Tuesday’s closing.

Ajanta Pharma announced that it has got the USFDA approval for the bioequivalent generic version of Kapvay tablets and the same has been launched in US market through its wholly owned subsidiary, Ajanta Pharma USA Inc.

Bank of Baroda has announced that it has approved the proposal of raising additional equity capital aggregating upto Rs 6000 crore by way of rights issue or QIP, depending on applicable statutory approvals.