Stocks in focus today: HDFC, Bajaj Finance, HCL Technologies, ICICI Bank

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Markets are open lower on Wednesday tracking weaker Asian stocks. The rupee opened lower against the USD. The shares HUL, NTPC and Asian Paints rose, while HDFC Bank, Sun Pharma and Adani Ports fell in the morning hours. Shares of Just Dial gains 5 perpcent after HDFC Mutual Fund a 4.6 percent stake, in the company at Rs. 375.00 per share on Tuesday, as per data with NSE.

Some of the major stocks will be in public attention today:-

HDFC lender today raises Rs 2000 crore by issuing bonds on PP basis to expand its long-term capital.

Bajaj Finance has authorized the QIP of equity shares. It has set a floor price regarding the QIP at Rs 1,771.9 per equity share. Bajaj Finance’s shares hit a day’s high of Rs 1814 before closing down 0.64 percent at Rs 1,787.5 today.

Shares of ICICI Bank will be in focus since ICICI Lombard General Insurance has got Sebi’s go-ahead for its estimated Rs 6,000 crore IPO.

HCL Technologies has said that the company has agreed to buy UK-based ETL Factory, doing business as Datawave, for 7 million pounds, while Dixon Technologies’ pubic offer is scheduled to open today.

Best stock tips -Stocks today- Pharma stocks lead in the morning trade

Share market tips

Stocks of Pharma companies have been lending support to the in Nifty and Sensex on Friday morning trade, whereas HDFC and TCS shares fell. Nifty Pharma index is at pinnacle among the sectoral indices on NSE. The index is trading at 9083 level, up by 2.53 percent.

Sun Pharma, Aurobindo Pharma, Lupin and Divi’s Lab are also among the gainers in the index trading higher by above 2 percent, while other pharmaceutical stocks such as GlaxoSmith, Glenmark and Cadila are trading higher by above 1 percent.

At 10.20 am The BSE Sensex is trading up by 120.83 points at 31851.32, while the NSE Nifty is trading up by 35 points at 9952.85.

31 Aug Live- Sensex down 71.10 Pts, Nifty lower ahead of Aug F&O expiry

ONGC, Biocon, Tata Motors, Maruti Suzuki, Ajanta Pharma, RIL, Fortis Health are few of the stocks among others to watch out for in today’s trade today, 31 August 2017.

Oil & Natural Gas Corp (ONGC) is about to seek consent of shareholders to raise a debt of Rs 25,000 crore to fund the planned acquisition of Hindustan Petroleum (HPCL). ONGC has endorsed raising the debt and would take the proposal to shareholders soon.

India’s major auto players Tata Motors and Maruti Suzuki look forward to a slump in demand after the cabinet has approved an ordinance that will permit the cess on sports utility vehicles (SUVs) and larger passenger cars to be raised at 25% from 15% under the GST regime.

Future and Option (F&O) watch:

Benchmark indices opened on a careful note ahead of the expiry of August (F&O). With a single session left in August series, market rollovers moved to 53 percent compared to average roll-overs of 57 percent for last three series. Market wide F&O open interest is Rs 1.36-lakh cr. approx, as compared to Rs 1.40 lakh crore on the D-1 of July expiry.

Live market: Benchmark indices in the meantime are trading with weak note while broader market indices carry on trading in positive terrain. At 10.25 am, the BSE Sensex was trading at 31,596 down 50 points, while Nifty ws trading at 9874 down 10 points.