Sensex Nifty Rising Up, Stocks to look out for on November 16

Sensex Nifty up Key benchmark indices opened marginally higher on Thursday with the BSE Sensex rising over 183 points at 32944 levels, while the NSE Nifty 50 rose 45 points to 10,163 levels at 10.30 am today. The shares of Tata Motors, Reliance Industries Ltd, and L&T rose in the morning hours, whereas the shares of Coal India and Adani Ports fell. Reliance group shares fell, which includes Reliance Communications, Reliance Naval & Engineering, and Reliance Capital.

Stocks to look out: 5Paisa Capital will make its debut on the Exchange on November 16.  5Paisa Capital is an online financial service provider company is belonging to IIFL Group.  It is expected the company to list between Rs 180 and Rs 200 per share, which will value it at Rs 250 cr, approx. IIFL’s Mcap was Rs 19,000 crore on Tuesday. 

FMCG stocks are in focus as no GST will be levied on advances taken by FMCG companies from dealers before supply of goods. 

Gujarat State Finance Corpn Limited will be announcing its Q2 results for FY18 on today, and the stock will be watched out.  

Royal Orchid Hotels Limited has announced that it will be launching a new Royal Orchid hotel in Kanpur; and its stock will be watched out today.

RBL Bank Limited has informed the Exchanges on Wednesday that it has acquired additional 2.08%stake in Swadhaar FinServe Private Limited, whereby increased its shareholding in Swadhaar to 60.48%. The stock will be in focus today.

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.

06 Nov Monday Top Stock in News, Sensex Nifty Intraday low in morning trade

Sensex Nifty down Sensex, Nifty hit fresh intraday low in morning trade on Monday. The Sensex is trading at 33,681 down by 4.56 points whereas Nifty edged down 9,45 points at 10,423 at 10.40 am today.

Stock News: The shares of Reliance Nippon AMC will be listed on the NSE today. The offer had opened for subscription from Oct 25 to 27 in a price band of Rs 247-Rs 252.

Union Bank has reported loss of Rs 1530.72 cr for the Q2FY18, due to its rise in bad loans. It had earlier posted a profit of Rs. 176.67 cr in the July – September of previous fiscal.

Stocks of PNB in under watch as CLSA has maintained `buy’ rating on PNB and raised the target price to Rs 250 from Rs 180.

The Real Estate major DLF Ltds’ stock will be watched out as the CCI has approved Singapore’s sovereign wealth fund GIC’s proposal to acquire a stake in a rental arm of the company for 1.39 billion dollar.

ITC Limited has said that the company intends to invest Rs 10,000 cr to set up food processing facilities across the country and its looking to have around 20 such units pan India.

Hindalco Industries is looking to set up new factories in the US and China to cater to growing auto demand through overseas subsidiary Novelis.

30 Oct Monday Live Sensex Nifty High, Auto,Bank Stocks lead

Sensex Nifty rise today Live Market- BSE Sensex rose 137.23 points to 33,294.45, while the NSE Nifty gained 46 points to 10, 369.05 at 10.36 am on Monday. The shares of Maruti Suzuki, ONGC, Bharti Airtel rose, whereas the shares of Kotak Bank and Dr Reddy’s fell, while Indian rupee rose against the dollar.

ONGC shares gained 2.91% to Rs. 188.90. The net profit of the company rose 3.1% to Rs. 5,131 crore in July-Sept quarter from Rs. 4,975 crore in the corresponding period last year.
Aviation stocks lead gains as Jet Airways stock rose 7% and Inter Globe Aviation rose 1.7% while SpiceJet Ltd adds 2.6%.

Banking stocks were trading higher in the morning hours. Stocks of Syndicate Bank rose 3.6%, PNB 3.4%, OBC 2.7%, Bank of India 2.7%, Indian Bank 1.9%, Allahabad Bank and Union Bank of India, Yes Bank Corporation Bank rose 1.7% each, while Central Bank of India up1.6%.

Auto stocks rose in the morning hours such as Maruti Suzuki India Ltd up 1.2% to Rs. 8,215.20. Maruti Suzuhi’s net sales rose 21.8% to Rs. 21,428.1 crore, mainly due to better product mix.
The rupee opened at 64.92 per dollar and was trading at 64.90 against the dollar, up 0.24% from its last close of 65.05.

25 Oct- Top Ten stocks in focus today: Road & highway, Infosys, Banking stocks

top ten stock advisory company Road & highway stocks will be watched out today as the govt has approved the Rs 6.92-lakh-Cr, 5-year roads programme, which includes the Bharatmala project, intends to to generate 142 million mandays of work.

Banking stocks will be in focus as govt has approved Rs 2.11 lakh crore PSU Banks’ recapitalisation plan for a 2- year period.

Infosys Ltd has posted a 3% increase in net profit to Rs 3,726 crore in the July-Sept quarter, compared to Rs 3,606 crore in the corresponding quarter last year.

Lupin Limited receives USFDA approval for generic Lodosyn tablets used for the treatment of Parkinson’s disease.

Kaya Limited to provide bank guarantee for an amount of USD 4 million to Kaya DMCC.

Yes Bank – RBI has also imposed Rs. 6.00 crore fine on Yes Bank for its non-compliance of RBI regulation on Income Recognition Asset Classification (IRAC).

IDFC Bank: Reserve Bank of India imposed Rs 2.00 crore penalty on IDFC Bank because of non-adherence with certain directions regarding sanction and renewal of loans and advances.

Ambuja cements standalone revenue for the Q2 FY18 came in at Rs. 5,376 crore, registering 5% year on year increase.

HDFC Bank & Asian Paints Ltd, have posted stellar results for the quarter ended 30 September.