Sensex up 114 points, Nifty above 10,720 mark; TCS, Infosys rose

stock market high Key Indices after opening in a flat note in the morning due to weak Asian cues. However, Sensex and Nifty erased their early losses and were trading in the green. The BSE Sensex was up 79.02 points or 0.23 per cent at 34,850.07 and the Nifty was up 10.4 points or 0.1 per cent at 10,710.85 in later hours.

The Sensex helped by a surge in prices of Infosys and TCS which were up by more than 2 percent each. Shares of ICICI Bank, HDFC Bank and Dr Reddy’s Lab were up by more than 1 percent each. Asian Paints, Coal India, Power Grid shares were among the top losers in the Sensex.

GAIL India, Zee Entertainment and Wipro shares registered gains in the Nifty, whereas shares of Kotak Mahindra Bank and Ambuja Cement posted declines. GAIL India’s stock was up over 1% as the company and Russia’s Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact.

Shares of Sun Pharma rose over 1 percent to Rs. 583 after the company announced that it got license to sell the generic version of Linzess in US.

Shares of IPCA Laboratories Limited rose over 1 percent to Rs. 580.50 after the company said it acquired Pisgah Labs in US for USD 9.65 million.

Sensex gains, GDP growth hit a 3-quarter high

GDP Growth Sensex and Nifty recovered on Friday after falling deeply as India’s GDP growth hit a three-quarter high of 6.3% in Jul-September.

The Automobile stocks such as Tata Motors, Maruti Suzuki were among the major gainers on Sensex pack as auto companies announce their vehicle sales growth for the month of November.

The stock of Bharti Airtel lost the most among the Sensex stocks, down 1.2%. Shares of Oil and Natural Gas Corporation , Tata Motors, Larson & Toubro, Maruti Suzuki, ITC, TCS, Hero MotoCorp and Kotak Mahindra Bank gained up to 1.2 percent, while shares of Coal India, Bharti Airtel and HDFC were the major losers.

In Nifty Index, United Phosphorus Ltd, Tata Motors, Bosch, Zee Entertainment, and ONGC gained the most, while Hindalco, Bharti Airtel, Cipla, IOC and Coal India were the top losers.

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.

28 Sept Thursday Stock Market watch, Best Investment Advisory Company

At 11 AM Thursday, the BSE Sensex is trading at 31,264 levels up by 104 points, while Nifty is trading at 9,756 levels up by 20 points. A total of 8 stocks clocked a fresh 52-week high in trade, while 49 stocks registered a new 52-week low on the NSE.

Stock in News today: State-owned electric utilities major. Power Grid Coprn of India Ltd announced that it started commercial operations of Pole-II of the Champa-Kurukshetra HVDC Terminal in Chhattisgarh from 16 Sept, 2017. All assets under the WR-NR HVDC r for IPP projects in Chhattisgarh have been commissioned.

Reliance Industries (RIL) has said that its telecom unit, Reliance Jio and Roy Kapur Films (RKF), tied up wherein original digital video content for the Jio platform will be, developed, commissioned and creatively produced by Roy Kapur Films.

GE Power India has announced, that it has bagged an order worth Rs 328 crore from Doosan Power India, for supplying 4 units of 660 MW electrostatic precipitation (ESP) for the super critical power projects of U.P Government.

APL Apollo Tubes has entered into a JV with Singapore-based One-to-One Holdings, for manufacturing of in-line galvanised tubes. The announcement was made on 27 Sept 2017.

27 Sept Wednesday Best Stocks Trading News, TCS, ICICI Lombard

best stock trading news

Stocks to Watch out on Wednesday, 27 Sept

TCS stocks in focus that the company said that its UK-based subsidiary, Diligenta, secured a 15-year partnership with Scottish Widows, Lloyds Banking Group’s Life and Pensions business.

ICICI Lombard General Insurance Co enters on equity market today. The company priced the IPO at the top end of the Rs 651 to 661 price band.

TVS Motors announced that its scooter brand, TVS Jupiter, registered sales of two million units within four years of its launch.

IDBI Bank has announced that the bank tied up with Boston Consulting Group to boost financial health. With this support IDBI Bank hopes to capitalize on core strengths and improve existing products and processes.

Petron Engg Construction said it bagged order worth Rs 280 crore from JSW Steel, for supply, fabrication, erection and alignment of prefabricated steel structure.

Reliance Power said the company aims to achieve financial closure for its 1-billion dollar LNG-fired power plant in Bangladesh by the end of 2017-18, and it also on the lookout for acquisition of assets in India.