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.

Weekly recaps of Stock: Markets settled higher on GST respite

stock market weekly report Stock Markets settled higher on GST relief on Friday, but post weekly loss to some extent. Nifty registered marginal profit taking and lost over 1% in the passing week. The Bank Nifty index has been consolidating in a narrow range close to its record high, while Nifty IT index surpassed the benchmark index and spurted strongly in the passing week.

The key benchmark Sensex & Nifty overcame a spell of the extreme end volatility to close with modest gains today as investor sentiment got a lift after the GST Council trimmed tax rates on a wide range of items.

The BSE Sensex, after a start at 33,235 levels, rebounded to the day’s high of 33,380.42 in the late afternoon trade of the week ended Friday, but lost some ground to end at 33,314.56, up 63.63 points, or 0.19%, from its earlier close. The NSE Nifty 50 index, after moving between 10,254.10 and 10,344.95, finally ended 12.80 points, or 0.12%, higher at 10,321.75. For the week, Sensex index fell by 371 pts, whereas the Nifty lost 130.75 pts.

The GST Council on Friday provided release to several sectors by reducing tax rates an array of consumer items to 18% from current 28% and cut rates on 177 goods.

Stock Market Weekly Update, Nifty Prediction For Tomorrow

share market The Indian Equity Markets are going strength with Sensex and Nifty at historic life-time peak levels almost every day of the week. The smart rally was witnessed in spite of mixed macro-economic data and monthly auto sales numbers.

Sensex opened the week at 33,260, and made a high of 33,733 & low of 33,164 and closed the week at 33,685 whereby it gained 528 points over week.

The Nifty opened the week at 10,353 and made a high of 10,461 & low of 10,323 and closed the week at 10,452 whereby the Nifty closed the week gaining 129 points through the week.

Stock rising sentiment got increased after index heavyweights such as ICICI Bank, Bharti Airtel, Maruti, Suzuki India Ltd, Glenmark, Vedanta and Punjab National Bank came out with good Q2 numbers.

On economic front, the World Bank, on 31 Oct 2017, released the Ease of Doing Business Report, 2018. India has jumped 30 ranks over its rank of 130 in the Report 2017.

At global front, England raised its benchmark interest rate as a first time in 10-years record, while US President Trump chose Jerome Powell as the Federal Reserve Chair person after the current Chair Janet Yellen’s tenure ceases.

Today 02 Nov Top Ten Stock News And BUY SELL Calls

top stock trade todayColgate Palmolive India Limited: LIC of India has acquired 2.021% stake FMCG firm Colgate Palmolive India Ltd through open market purchase, taking the entire holding in the company to 7.037 percent.

Crompton Greaves Consumer Electrical: Franklin Templeton Investment Funds has bought an additional 0.74% stake in the company by buying 4.6 million shares through a bulk deal on the NSE.

Hexaware Technologies has recommended paying 1 rupee per share as interim dividend.

ICICI Bank will consider raising funds through senior unsecured long-term bonds or Basel-III compliant Tier-I bonds in a single or multiple tranches.

ITC Foods Limited expects instant noodles brand Yippee to join the 10-billion-rupee revenue club by 2020.

Jaiprakash Associates has secured the RBI’s approval for the proposed offer to exchange outstanding existing foreign currency bonds maturing with 2020, 2021 bonds.

JSW Energy to set up a new thermal power generation capacity of 36 Megawatt for its group arm JSW Cement under long-term power purchase agreement.

M&M Financial Services will raise 1.5 bln rupees through secured redeemable NCDs carrying a coupon of 7.5320 percent.

Shree Cement has secured two coal linkages from Coal India Ltd in an auction for its captive power plant in Chhattisgarh.

Solar Industries India has obtained the running contract worth 11.43 billion rupees to supply 3,75,412 tonne bulk explosives to Coal India.

01 Nov Wednesday Sensex rises above 33,500, Nifty crosses 10,400

stock market high Stock markets are open higher led by India’s ‘Ease of doing Business’ ranking in the World Bank’s report. At 10.15 am the Nifty 50 rose 99.15 points to a fresh record high of 10,434, while the BSE Sensex also hit a lifetime high of 33,589.82 by 376.69 points on Wednesday. The Indian rupee opened at 6-week high v/s dollar.

Shares of Tech Mahindra and Hero MotoCorp will be in watch out today ahead of their Q2 earnings. The other corporates which are also scheduled to state their Q-2 profits includes Apollo Tyres Ltd, Greaves Cotton Ltd, Godrej Consumer Products, Hexaware, JSW Energy, Shriram Transport Finance, Max India Ltd, Tourism Finance Cropn and TVS Motors Ltd.

Inter Globe Aviation Limited’s stock rose 2.2% to Rs. 1271.35 after the company has reported a 294% increase in net profit to Rs. 551.55 crore

Stocks of Syndicate Bank rose 10% to Rs. 90.65 after the bank unveiled a net profit of Rs.105.24 crore from Rs 82.42 crore a year ago.

India’s ranked in the World Bank ease of doing business survey-2018 making a record 30 to 100 notches, as a range of regulatory policy reforms.