Stock movements and Stock focus on 14 November 2017, Investment Advisory

sensex down Sensex and Nifty opened the trade on choppy note, following the weaker U.S Markets and passive start of the Asian Indices. At 10.35 am, the BSE Sensex is trading lower by 3.45 points at 33,030 while the NSE Nifty down by 8.85 points to 10,216 levels.

Stock movements in early hours: Shares JP Associates Ltd fell 7.3% to Rs. 19.75 after the Supreme Court directed its directors to personally appear in court and disclose personal assets. Shares of Jaiprakash Power Ventures Ltd fell 3.2 percent, and Jaypee Infratech Ltd was down 2.6 percent.

Shares of Future Enterprises Ltd rose 3 percent to Rs 49.20 after the company reported narrowed loss for its Q2 earnings to Rs. 1.94 crore from Rs. 23.24 crore a year ago.

Shares of  Adani Entertainment Ltd rose 3 percent to Rs. 157.05 after the company reported 9.5 percent increase in its net profit to Rs 844 crore.

Shares of Bharti Airtel Ltd  opened the trading day up by 1 percent while Bharti Infratel Limited plunged 2.3 percent in early trade.

Stock in Focus: In another development, Jaiprakash Associates Limited has informed the Exchange that JSW Infrastructure would get associated with the company in the resolution plan of Jaypee Infratech Limited (JIL). The stock will be in limelight on Tuesday.

Idea Cellular Ltd and Vodafone India have agreed to sell their standalone tower biz to ATC Telecom Infrastructure Pvt. Ltd for about 1.2 billion dollars.

Adani Enterprises Ltd has posted a net loss of over Rs. 15.00 crore in the Q2FY18 as posted in its Q2FY18 results announced after market hours on Monday.

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 to Watch out, Stock in focus on 10 November 2017

stock market down Stock Market Update: Sensex and Nifty open significantly lower on negative global cues. At 10.30 am, BSE Sensex, was down 25.71 points at 33,225 levels while the NSE Nifty50 index was down 10.85 points at 10,298 levels. Shares of Oil & Gas companies decline, OMCs hit with HPCL and BPCL losing over 1 percent in the early trading hours today. Shares of Tata Motors, RIL, Asian Paints, Axis Bank, TCS, and Adani Ports lost up to 1.5% whereas ONGC socks, ICICI Bank, L&T, SBI, HUL and are rising up to 0.9%.

Stock Movements: Shares of State Bank of India was trading 0.43% higher at Rs 315.1.
Mahindra & Mahindra edged down 0.59% to Rs 1,353.45 ahead of their respective Q2 results today.
Stocks of Divi’s Laboratories Ltd rose 5.1% to Rs. 1061 in the early hours after the company announced in a notice to BSE that the US food & drug regulator has completed evaluation of corrective action.

Shares of Bharat Petroleum Corp fell 1.4% to Rs. 515 prior to its earnings expected to take place later in the day. As per reports, it is expected to post a net profit of Rs2160.10 crore while net sales will be at Rs 59286.20 crore.

Corporate Earnings: The stocks of companies such as Mahindra & Mahindra, MRF, Bharat Petroleum Corporation, Nestle, Balaji Telefilms, Bank of Maharashtra, Motherson Sumi Systems, Sobha, Sun TV, Cochin Shipyard, DLF and Suzlon among others will be in focus today as these companies scheduled to announce their earnings today. 

Rupee Watch: The Indian rupee opened at 65.07 a dollar and was trading at 65.08 against the USD, down 0.23% from its Thursday’s close of 64.94.

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.