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.

Stock in News today 7th November 2017, Best Intraday Advisory Company

stock market down Indian stock markets opened a little bit higher on Tuesday following the cues of higher US markets. Later the indices slowly turned flat At 10.35 am, the BSE Sensex is trading at 33,664 levels, down by 66 points, while NSE Nifty is trading at 10,426 levels down by 25 points. Except the FMCG and IT index all the other sectoral indices are in the red. The Indian rupee is trading at 64.73 to the U.S Dollar in the morning hours.

Stock Focus today:-
GlaxoSmithKline, Cipla, Bharat Heavy Electrical Ltd, Future Retail Ltd, VIP Industries Ltd, Jyothy Lab Ltd and Thermax are some of the companies that will release their Q2 earnings on Tuesday, 7 Nov 2017.

Muthoot Capital Service Ltd launched Qualified Institutional Placement to raise Rs 200 crore. The Price band is fixed at Rs 601-610 per share.

Everstone Group has agreed to acquire Kenstar, air conditioners and home appliances, from Century Appliances Ltd, an associate of the Videocon Group.

Tata Chemicals Limited sells its non-bulk phosphates business to IRC Agro-chemicals for Rs. 375 cr, which involves sale of the fertilizer biz, the assets attached to it as well as the company’s Haldia plant.

Just Dial’s net profit rose 26.47% to Rs 37.46 crore on 3.97% rise in total income to Rs 214.52 crore in Sept 2017 year on year.

Bank of Maharashtra reviewed its marginal cost of funds based lending rates (MCLR) with effect from 7 November 2017.

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.

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.