Sensex up 400 Pts on Moddy’s , Stock to Watch out today 17 November 2017

sensex high Indian stock markets have opened the day on a strong note on Friday on positive global cues. The BSE Sensex surged 377.48 points to 33,483.30, while the NSE Nifty50 gained 117.75 points to 10,332.50 at 10:45 hours. The markets are risen higher by the banking stocks, which rose by 1.7% on back of Moody’s report on upgrade of Indian Govt bond rating. Punjab National Bank, ICICI Bank, Bank of Baroda, State Bank of India were gaining in the morning hours.

Following companies, among others, will be in focus today during trade based on recent and latest news developments.

FMCG companies’ stocks in focus today as the govt has approved setting up of the proposed National Anti-profiteering Authority under GST to ensure consumers get the advantage of lower taxes under the new indirect tax implementation.

Bank of Baroda: BoB said the Finance Committee of the board will meet next week to consider approving its proposal to raise Rs. 6,000 crore via Qualified Institutional placement or rights issue.
Bharti Airtel: Fair trade regulator Competition Commission of India has approved Bharti Airtel’s deal to take over the loss-making consumer mobile business of the Tata Group.

Among the companies which are scheduled to report their quarterly earnings today include JMT Auto, Kalyani Forge, Sadbhav Infra, S Chand & Company Ltd, Mayur Uniquoters.

Oil & Gas Stock Rallies, Post Lunch Hours

crude oil Oil & Gas company stocks are rising up with Oil and Natural Gas Corporation, Indian Oil Corporation, Castrol India and Petronet LNG, on buying and selling momentum, in the afternoon hours on Thursday. The BSE Oil & Gas index used to be buying and selling 0.38 up at 15,632. However, stocks of Indraprastha Gas, Bharat Petroleum Corporation, Oil India, GAIL (India) and Hindustan Petroleum Corporation have been buying and selling.

Among the 51 stocks within the Nifty 50 index, 36 stocks have been buying and selling within the inexperienced, whereas 14 socks have been within the pink. Infosys, State Bank of India, Reliance Industries, Tata Consultancy Services, Tata Motors and NTPC have been among the top gainers within the Sensex index.

Sensex Nifty Gain, Index trend and Stock in Action on Wednesday

Sensex Nifty up Sensex and Nifty take cues from the positive US markets to trade on a positive note with BSE Sensex trading at 33,402 levels, up by 32 points, while NSE Nifty is trading at 10,357 levels, up by 7 points at 10.40 am on Wednesday. Pharma Sector gains strong footing with positive Q2 earnings from many companies. IT stocks trading higher with TCS, Wipro Ltd, Infosys Ltd, Tech Mahindra and HCL Technologies in the morning hours.

Quarterly Results:- Voltas Ltd, Ashok Leyland, Arvind Ltd, United Bank Limited, OBC, Bharat Forge, Petronet LNG, Balkrishna Industries, Gujarat Narmada Valley Fertilizers & Chemicals, IRB Infra, NDTV, Muthoot Finance and Thermax are scheduled to release their quarterly earnings for the Sept quarter on Wednesday.

Stock in Actions:- AkzoNobel India has said it will sell its specialty chemicals biz as a going concern to an affiliate of the AkzoNobel Group-NV Netharlands for Rs 320 crore. 

Larsen & Toubro (L&T): Schneider Electric SE, the French industrial multinational together with its consortium partner Temasek, has in business with L&T to acquire its electric and automation division for Rs 15,000-Rs 17,000 cr.

Glaxo Smith Kline has reported 4.73% rise in net profit at Rs.192.41 cr for the Q2 ended Sept 30, 2017-18. The company had posted net profit of Rs .183.72 cr in the same period of previous year.
Reliance Communications is re-negotiating its deal with Canadian investment fund Brookfield along with other prospective buyers for a stake in its tower unit.

Telecom stocks will be in focus as the TRAI is considering removal of the 50% limit on spectrum holdings within a particular band. This would help Vodafone and Idea retain all their airwaves once the merger is completed.

31 Oct Stock Market News, BUY or SELL, Intraday Nifty Trading Tips

sensex nifty red signal Live Market- Sensex and Nifty are trading in the red following weakness in several sectors. Metal and PSU Bank index lose steam, while Bank stocks trades in green.

Bharti Telecom will acquire 18,47,10,183 equity shares of Bharti Airtel from Indian Continent Investment Limited (ICIL), at price of Rs 417.35 share apiece.

The proposed merger between Infrastructure Development Finance Company (IDFC) and Shriram Group has been sapped on differences over valuation.

Bharti Infratel Ltd has decided to explore and evaluate acquisition of stake in Indus Towers with the aim of making it a subsidiary or wholly-owned subsidiary of the company.

Oriental Bank of Commerce (OBC) to issue tier-I bonds worth 5 billion, with an option for over-subscription of up to 5 billion rupees.

Reliance Communications Ltd has presented a new plan to its lenders, offering controlling stake in the company. The company further has offered to convert debt of up to 71 billion rupees into equity.

Commodity Tips MCX Gold, silver end flat on lack of demand today

Gold Silver prices Gold and silver were being traded flat in morning trade on Monday due to lackluster demand of precious metals from jewellers, industries and retailers.

MCX Gold futures were trading 0.12%, or Rs. 36, down at Rs 29,282 /10 gram whereas MCX Silver futures were down 0.08%, or Rs. 33, at Rs 39,116 / 1 kilo.
Investors remained watchful before the naming of the subsequent US Fed Reserve chair and ahead of a 2-day FOMC meeting, both scheduled this week.

Meanwhile, the rupee, the domestic currency, rose higher by increasing 16 paise to 64.89 V/s U.S dollar after the European Central Bank announced that it would soon shrink off its monetary stimulus.

The weakness of dollar against the Euro and other key currencies overseas following the European Central Bank move set off the rise in the local unit.