Market open higher, Reliance, ITC, HDFC Bank earnings in focus

Sensex nifty up Sensex, Nifty edged higher in early trade led by Asian stock’s firmness and the GST council in its last meet slashed the tax rate on 54 services and 29 items together easing the return filing process for businesses boosted sentiment. Q3 earnings heavy weight companies like HDFC Bank, ITC Ltd, Reliance Industries and Wirpro are also under focus. 

The BSE Sensex was trading at 35,384.30, up 124 points, while the broader Nifty 50 index was ruling at 10,843, up 25 points in later morning hours.

HDFC Bank, HCL Technologies, Reliance Industries Ltd, ITC Ltd, and Wipro Ltd are among the major companies that will be unveiling their Q3 results on Friday.

Major contributors to Sensex gain include Reliance Industries Limited, HDFC, Adani Ports, ITC Ltd, SBI and Larsen and Toubro.

Shares of HCL Technologies rose 0.4 percent after the company retained its full fiscal year revenue and margin growth guidance.

Private banking stocks were also among the major gainers with those of Yes Bank up 1.8 percent.
Bharti Airtel Ltd shares fell 1% and were the worst hit on Nifty50 index, since the company reported an 11 pct on-quarter decline in its consolidated net profit.

11 Jan Sensex, Nifty trading flat, O&G, capital goods down

Sensex Nifty flat note India’s share markets began on a cautious note on Thursday as investors were eagerly waiting for the Q3 earnings of TCS and IndusInd Bank. 

The BSE index Sensex was down 23 points at 34,409 levels and the NSE index Nifty was down 13 points at 10,618 levels in the later morning hours.

Oil and gas index fell 0.2%, followed by capital goods 0.14%, banking 0.11% and PSU 0.08%, while the realty stocks gained the most by 1.25%, consumer durables 0.32%, IT 0.3 percent.

Top Sensex gainers were includes Kotak Bank, Bharti Airtel, Infosys Ltd, Tata Motors and ONGC. On the other hand the major losers were Axis Bank, Wipro, Coal India, ICICI Bank and YES Bank.

Stocks of Maruti Suzuki India spiked 0.16 percent at Rs 9,398.85 after the company announced a price in its variants owing to increase in commodity and allied costs.

Sensex opens higher for 6th straight day, shares of coal India rise

Sensex Nifty up Benchmark indices gained in the Wednesday morning trade for the sixth consecutive day with Sensex and Nifty hitting all-new lifetime highs led by domestic institutional investors buying ahead of Q3 earnings by blue chips. BSE Sensex traded up by 18.87 points to 34,462, while the NSE Nifty edged down 1.35 points to close at 10,638.35 in the later morning hours.

Shares of Coal India, ONGC, Bharti Airtel, Sun Pharma, ITC and Reliance Industries were the top gainers among the Sensex stocks.

Shares of Coal India Ltd rose over 1 percent extending Tuesday’s gain after the company hiked non-coking coal prices.

Other stocks which also spiked in the opening trades include ONGC, Sun Pharma, Bharti Airtel, Reliance, Adani Ports whereas Asian Paints, Wipro, Tata Steel, IndusInd Bank and HDFC lost up to 1 percent.

Shares of Infosys Limited rose 0.8 percent after the company said it has signed a pact with the U.S Internal Revenue Services.

Among the sectoral indices of NSE, 6 indices out of 11 were trading in green with Nifty Pharma and Nifty Realty index leading the charge while Nifty Auto and Nifty Bank shed up to 0.3 percent.

Top Ten Stock Trading Tips, SEBI Registered Investment Advisory Company

SEBI Registered stock advisory company Share markets opened little higher on its opening Thursday with Sensex & Nifty beginning in the green ahead of the expiry of Future & Option contracts today. BSE Sensex traded higher by 0.05 points to 33,911.86, while the NSE Nifty-50 rose 7.05 points to 10,497.80 in the later morning hours.

Shares of State bank of India, Sun Pharma, Tata Steel, Dr Reddy’s, Coal India, HDFC, HDFC Bank and Hindustan Unilever gained up to 1 percent while Yes Bank, Axis Bank, Hero MotoCorp, TCS, Bajaj Auto and Kotak Mahindra Bank lost up to 0.75%. The stock of RCom rose 19.86% to the day’s peak of Rs 34.4 on NSE while it rose 15.65% to the day’s high of Rs 33.24 on BSE.

Metal stock rise on NSE, the Nifty Metal Index rose 1 percent in early trade tracking higher global commodity prices. Global copper prices rose overnight to their maximum levels in 3 years following strong import numbers from China. Shares of Hindustan Copper Limited rose over 5 percent.

Banking stocks trading lower led by Axis Bank, which was fell 1 percent after market regulator SEBI directed the Bank to conduct an inquiry into leakage of its April -June earnings.

Sensex & Nifty open weak ahead of RBI policy; rupee falls against USD

stock market down Stock Tips – Sensex, Nifty opened lower on Wednesday before the outcome RBI’s bi-monthly policy meeting due later today. At 11 am, BSE Sensex lost 68.78 points to 32,735.66 while NSE Nifty dropped 29.30 points at 10,088.95. The Indian rupee falls 6 paise to 64.44 against the U.S dollar at the interbank FX market ahead of the result of RBI’s monetary policy.

Shares of Reliance Industries cut the losses of key indices whereas, HDFC Bank, State Bank of India, ICICI Bank, ITC, HDFC dragged.

Shares of Infosys Ltd, Coal India Ltd, Kotak Mahindra Bank and Sun Pharma were the only major gainers on Sensex after Reliance, rose up to 0.6 percent while SBI, Tata Steel, Hero MotoCorp, Bajaj Auto and ITC traded in red.

In Nifty-50 pack, shares of Tech Mahindra, Reliance Industries, Infosys, Kotak Mahindra Bank and Zee Entertainment were the top gainers, while Hindalco Vedanta, Tata Steel, Bajaj Auto and Eicher were the top losers in today’s trade.