Sensex,Nifty hold opening gains, 24 Nov Friday Stock Market Trading News

sensex high todayStock Market Trading Tips

The key benchmark indices continued to trade steadily tracking positive domestic as well global cues on Friday. The BSE Sensex rose 90.60 points to 33,678 and the NSE Nifty50 Index rose 34 points to 10,381 at 11:10 hours today.

Shares of Infosys gained over 1.5% on Friday later hours, while stocks of Reliance Industries, Bajaj Auto and Bharti Airtel were trading up over 0.5 percent each. In the Nifty50 pack, shares of IndusInd Bank, Tech Mahindra & Aurobindo Pharma gained over 1 percent each, to help the index keep up the opening gains. In the Nifty index, 40 stocks advanced while 10 stocks declined, on the other hand, Hindustan Unilever, Tata Stee and Adani Ports shed nearly 1% each on Sensex.

Shares of Bata India declined 2% to Rs. 730 following Brokerage firm Motilal Oswal has down-graded the company to sell from buy & kept its price target to Rs. 578 per share, down 23 percent from its previous close.

Shares of RBL Bank Ltd rose 3 percent to Rs. 521.15 after huge block deal. About 5.93 mln shares of the bank changed hands in a block deal, as per media report.

23 Nov Sensex Nifty trade flat, Top Stocks Watch today and Trading news

stock market up Stock markets have opened the on Thursday on a flattish note against the previous day’s closing. At 10.40 am, the BSE Sensex is trading up by 18.70 points at 33,580.25 while the NSE Nifty is trading up by 9.75 points at 10,352.05. The stocks of Bharti Airtel, Lupin and Sun Pharma rose, while the stocks of Asian Paints and Dr. Reddy’s fell in the morning hours.

Stock watch out during trade on Thursday, based on recent & latest news developments:-
Coal stocks will be in focus as the Supreme Court on Wednesday refused to modify the Centre’s notification banning the use of furnace oil & pet coke in UP, Rajasthan and Haryana and asked the NTPC to approach the govt.

Thomas Cook India Ltd, the Tour operator company, has got board approval to divest a 5.42% stake in its subsidiary Quess Corp, which would bring down its shareholding to 51.56% and propose to raise over RS 600 crore through OFS route.

Tata Teleservices Limited has started shifting its customers to the network of Bharti Airtel Ltd under an intra-circle roaming agreement. The first set of customers being moved to Airtel’s network is from U.P (West), Bihar and West Bengal. 

Inter Globe Aviation: IndiGo, is keenly consider alternate plans to induct at least 50 wide-bodied planes for overseas flights.

FMCG major Godrej Consumer Products Ltd has trimmed prices of its various products in the range of 7 to 10 percent to pass on benefits of the recent GST rate reduction.

Sensex opens below 33,000, Stock Trading news and Calls on 15 November 2017

stock advisory companyThe key benchmark indices extended losses with Sensex lost 125 points to hit the day’s low of 32,816 levels while the NSE Nifty dropped 44 points to mark a day’s low of 10,142.55 at 10.45 hours on Wednesday.

Sun Pharma was the biggest loser on Sensex after the company reported a decline of 59.19% in the consolidated net profit to Rs 912.12 cr for the quarter ended on 30 Sept 2017 YoY basis.

Earnings Reports: GAIL (India)’s net profit rose 41.6% to Rs. 1309.63 Cr on 4.5% growth in net sales to Rs. 12409.65 Cr in Q2 Sept 2017 on YoY basis.

Bank of Baroda’s net profit fell 35.64% to Rs. 355.36 Cr on 3.68% rise in total income to Rs. 12490.39 Cr in Q2 Sept 2017 YoY.

Indiabulls Real Estate’s consolidated net profit fell 30.28% to Rs. 93.90 Cr on 1.54% rise in net sales to Rs. 721.58 Cr in Q2 Sept 2017 year on year.

NBCC (India)’s consolidated net profit rose 31.33% to Rs. 81.24 Cr on 12.07% fall in net sales to Rs. 1,319.25 Cr in Q2 Sept 2017 YoY.

The major companies which are lined up to announce their Q2 earnings are New India Assurance Company, CARE Ratings, Golden Tobacco, TD Power Systems, Digjam, Empee Distilleries, Automotive Axles, HMT and Universal Cables, among others.

Sensex Nifty lower trade, Stock to watch out on Monday 13 Nov. 2017

sensex down The BSE Sensex and NSE Nifty rose marginally in opening trade on Monday on mixed cues from global markets. At 10.20 am, BSE Sensex traded lower by 82.88 points to 33,231.80, while the NSE Nifty 50 fell 37.80 points to 10,283.95. Gains are mainly seen in auto stocks and software stocks, while realty and Capital good stocks were witnessing majority of the selling pressure in the morning hours.

Stock Movements in early hours:  Shares of L&T fell 3% to Rs. 1236 after the company reduced its order inflow guidance for the full year ended March 2018.

Stocks of RCom fell 8% to Rs13 after the company posted a fourth consecutive consolidated loss to Rs. 2,709 crore in the quarter ended September against profit of Rs 62 crore a year ago.

Shares of Axis Bank Ltd rose 2% after the bank on Friday said its board had approved raising up to Rs.11,625.8 crore through a private placement of shares led by private equity fund Bain Capital.

Stock in focus: Tata Chemicals, Idea, Indian Hotels, Apollo Hospitals, NTPC, Future Enterprises, Gujarat State Petronet, among others, are scheduled to report their quarterly earnings during the day.

New India Assurance Company’s recently concluded IPO, will make its stock market debut on Monday.

Larsen & Toubro has reported a net profit Rs 1,820 cr in the second quarter of 2017-18, up 27 % YoY.

Reliance Communications Limited has posted a consolidated loss of Rs 2709 cr for the Sept end quarter compared to a loss of Rs 1210 cr in the previous quarter.

Stock News: Stock Markets open in the green amid positive global cues

sensex nifty high Indian equity markets opened in the green on Thursday following positive cues from global markets. At 10.30 am, the BSE Sensex is trading higher by 120 points at 33,339 levels while the NSE Nifty is trading higher by 44 points at 10,347 levels. The surge is led by strong buying in industrial heavy-weights such as, Tata Motors, RIL, ICICI Bank, and SBI Bank. Markets are likely to take further strides from the GST Council meet on Nov 9 & 10 in Assam.

Stock Movements in the early hours today:- Shares of Tata Motors Limited rose 2.2% to Rs. 448.50 ahead of Q2 earnings due later today. The company is expected to post a net profit of Rs. 1,835.10 crore.

Shares of Bombay Dyeing & Manufacturing Co. Ltd rose 5% to Rs. 204.65 after the company reported a profit of Rs. 52.79 crore in Sept quarter against a loss of Rs. 36.56 crore a year ago.

Shares of Petronet LNG Ltd rose 4% to Rs. 270.50 after the company posted a 28% rise in its net profit to Rs. 588.78 crore in Sept quarter from Rs. 459.56 cr a year ago.

Quarterly Results: Aurobindo Pharma, Amara Raja Batteries, HPCL Ltd, The India Cements Ltd, Tata Motors Ltd and SRF Ltd are some of the companies, among others, that will announce their Q2 earnings on Thursday.

Buzzing Stocks: Anil Ambani-led Reliance Infra has bagged Rs. 1000 cr EPC contract from NIPC for two Kudankulam units in Tamil Nadu.

Arvind Limited, the textile manufacturing company, will demerge and publicly list its branded apparel and engineering Biz to focus better on its core textiles business.