07 Sept-Top stocks View on Thursday, Sensex off early high

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Sensex, Nifty opened higher on Thursday aligned with the last closing session. The Indian rupee made stronger against the US dollar. ICICI Bank, Coal India, Adani Ports rose, while HDFC bank and NTPC fell.

Some top stocks, among others, that are likely to be in limelight in today’s trading session are as follows: 

Reliance Industries Ltd has acquired Kemrock Industries and Exports after the lenders of Kemrock put up the company and its assets up on the block, RIL said in a statement.

Eicher Motors rose 2.1 percent to Rs. 32,700 after reports that the maker of Royal Enfield motorbikes is eying to bid for Italian bike-maker Ducati USD 2 billion. The move will further strengthen its brand equity, portfolio, global reach and access to technology.

HCL Technologies Limited has informed a partnership involving purchase of select assets with Alpha Insight for monitoring operational intelligence and business volume. HCL said that the proposed asset purchase consideration shall be up to 3.25 million euro, including payments subject to certain financial milestones. 

The IPO of ICICI Lombard General Insurance got an approval and it will open the offer from 15 to 19 September.

Stocks in focus today: HDFC, Bajaj Finance, HCL Technologies, ICICI Bank

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Markets are open lower on Wednesday tracking weaker Asian stocks. The rupee opened lower against the USD. The shares HUL, NTPC and Asian Paints rose, while HDFC Bank, Sun Pharma and Adani Ports fell in the morning hours. Shares of Just Dial gains 5 perpcent after HDFC Mutual Fund a 4.6 percent stake, in the company at Rs. 375.00 per share on Tuesday, as per data with NSE.

Some of the major stocks will be in public attention today:-

HDFC lender today raises Rs 2000 crore by issuing bonds on PP basis to expand its long-term capital.

Bajaj Finance has authorized the QIP of equity shares. It has set a floor price regarding the QIP at Rs 1,771.9 per equity share. Bajaj Finance’s shares hit a day’s high of Rs 1814 before closing down 0.64 percent at Rs 1,787.5 today.

Shares of ICICI Bank will be in focus since ICICI Lombard General Insurance has got Sebi’s go-ahead for its estimated Rs 6,000 crore IPO.

HCL Technologies has said that the company has agreed to buy UK-based ETL Factory, doing business as Datawave, for 7 million pounds, while Dixon Technologies’ pubic offer is scheduled to open today.

Best Stock Tips: The most active stocks in terms of value Today

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The Sensex and Nifty opened in the positive zone on Tuesday, regaining from the losses of the last session. The toppers in the Sensex pack included Reliance Industries, Asian Paint, Adani Ports, Tata Steel, ONGC, Axis Bank, Dr Reddy’s, Kotak Bank, Maruti, Tata Motors, and L&T, rising up to 1.25%.

Shares of Sun TV followed by Reliance Industries Infosys and YES Bank were trading as the most active stocks in terms of value on NSE in Tuesday’s trade. 

Investors turned to buying in bank, realty and auto stocks. 

Reliance Capital has moved ex-Home Finance business from Tuesday. The stock’s Future and Option contracts have expired on Monday. The stock settled at Rs. 687.40 share apiece at its opening bell on BSE and surged to touch intraday high of Rs. 740 share apiece, up by 7.96 percent within first few minutes’ trade. Reliance Capital share holders will get one free share of Reliance Home Finance as on Sept 6, 2017, for every share held in the company.

At 10 AM, the BSE Sensex is trading at 31,790 up 89 points, while NSE Nifty is trading at 9,940 up 27 points. A total of 58 stocks hit a fresh 52-week high in trade today, while 8 stocks touched a fresh 52-week low on the NSE.

04 Sept- Monday Sensex falls over 100 Pts, Apex Frozen lists with 15% premium

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The Benchmark indices Sensex & Nifty are trading with weak sentiments showing a negative undertone, despite weak cues from other Asian markets. Following are some major stock in foucs, among many others.

Stocks of Cadila Healthcare Ltd rose 0.85 percent to Rs 512 in the morning hours on BSE after the company announced that it has obtained final approval from the US drug regulator to market a medicine.

SBI proposes to raise up to 3 billion dollar in the country’s biggest overseas green-bond issue for funding projects that will help achieve the govt’s commitments toward growth.
L&T has got approval for expansion of its Information Technology towers project in Mumbai that will bring about an investment of Rs 1102 crore.

Hindalco Industries Ltd set apart 3 billion dollar for overseas acquisitions. The funds will be used to acquire assets in the aluminium space with an aim on increasing focus on the downstream sector.

Metal Mining major Vedanta plans to invest around Rs 50,000 crore on business expansion in India in coming years.

Weekly Reports -Stock Overview for the week ended Sept.1, 2017

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The benchmark indices BSE Sensex and the Nifty 50 index clocked impressive gains in the week ended Friday, 1 Sept 2017 on positive global cues. Except sharp losses on Tuesday, 29 August 2017, the two key indices registered modest gains in 4 trading days of the week.

Through the week, a stellar auto sales and cheering August manufacturing data supported investors put behind the unsatisfactory GDP numbers. The benchmark Sensex went up 162 points to end at 31,892.23 as a three-week high, whereas the Nifty closed short of 10,000. Broad market depicted strength. The BSE Mid-Cap index rose 2.84%. The BSE Small-Cap index advanced 3.09%.

Throughout the week following stocks captured attention:

  • Software major Infosys rose 0.83% at Rs 920.10.
    Wipro advanced 2.49% at Rs 296.80.
    Dr Reddy’s surged 6.2% at Rs 2,217.35.
    Lupin rose 0.18% at Rs 993.50.
    Maruti Suzuki India rose 2.77% at Rs 7,812.70.
    Bajaj Auto jumped 6.74% at Rs 2,918.65.
    Reliance Industries rose 2.68% at Rs 1,609.35.
    L&T rose 0.74% at Rs 1,139.70.

Market week ahead: A slew of companies will be announcing their April-June 2017 quarterly results next week, which include Skipper & Tamilnadu Petro products, Digjam and Indian Hume Pipe, Vaibhav Global and Honda Siel Power Products, Hotel Leela venture & UFO Moviez India.

Best stock tips -Stocks today- Pharma stocks lead in the morning trade

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Stocks of Pharma companies have been lending support to the in Nifty and Sensex on Friday morning trade, whereas HDFC and TCS shares fell. Nifty Pharma index is at pinnacle among the sectoral indices on NSE. The index is trading at 9083 level, up by 2.53 percent.

Sun Pharma, Aurobindo Pharma, Lupin and Divi’s Lab are also among the gainers in the index trading higher by above 2 percent, while other pharmaceutical stocks such as GlaxoSmith, Glenmark and Cadila are trading higher by above 1 percent.

At 10.20 am The BSE Sensex is trading up by 120.83 points at 31851.32, while the NSE Nifty is trading up by 35 points at 9952.85.

31 Aug Live- Sensex down 71.10 Pts, Nifty lower ahead of Aug F&O expiry

ONGC, Biocon, Tata Motors, Maruti Suzuki, Ajanta Pharma, RIL, Fortis Health are few of the stocks among others to watch out for in today’s trade today, 31 August 2017.

Oil & Natural Gas Corp (ONGC) is about to seek consent of shareholders to raise a debt of Rs 25,000 crore to fund the planned acquisition of Hindustan Petroleum (HPCL). ONGC has endorsed raising the debt and would take the proposal to shareholders soon.

India’s major auto players Tata Motors and Maruti Suzuki look forward to a slump in demand after the cabinet has approved an ordinance that will permit the cess on sports utility vehicles (SUVs) and larger passenger cars to be raised at 25% from 15% under the GST regime.

Future and Option (F&O) watch:

Benchmark indices opened on a careful note ahead of the expiry of August (F&O). With a single session left in August series, market rollovers moved to 53 percent compared to average roll-overs of 57 percent for last three series. Market wide F&O open interest is Rs 1.36-lakh cr. approx, as compared to Rs 1.40 lakh crore on the D-1 of July expiry.

Live market: Benchmark indices in the meantime are trading with weak note while broader market indices carry on trading in positive terrain. At 10.25 am, the BSE Sensex was trading at 31,596 down 50 points, while Nifty ws trading at 9874 down 10 points.

Elite Investment Advisory- Stock Analysis of Wednesday’s trade

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Elite Investment analyses the market in such a way that Sensex, Nifty rose on the back drop of a revival in the global markets, The intensity of rain havoc in the financial capital helped pick up risk appetite to a great extent. A low-spirited rollover numbers gives the concerning impression, but considerable short covering was observed in the IT and pharma sectors, keeping market optimistic. Speculators were covering up their short positions prior to the August derivatives contract being expired tomorrow added to the upward move. 

A view at Stock Market: Domestic stocks witnessed a gap up opening triggered by mostly positive Asian stocks and held firm till early afternoon trade. Stocks cut gains in mid-afternoon trade, however, it hovered in positive zone in late trade.

At closing bell, the BSE Sensex was up 258.07 points at 31,646.46 and the NSE Nifty rose 88.35 points to 9,884.40.

30 Aug Sensex up 235 Pts, Stocks trade with decent gains in morning trade

Stocks of NTPC followed by Infosys Ltd, DLF Ltd, Ashok Leyland, Hindalco and Bank of Baroda were among the most active stocks in terms of volume on NSE in Wednesday’s morning session. Positive Asian cues supported the sentiment. Pharma stocks, metal stocks, realty & auto stocks surged over 1%. In the Nifty pack, Hindalco, Adani Ports, Ambuja Cements, IOC, Aurobindo Pharma and Vedanta were gaining. 

Regarding NTPC Ltds’ disinvestment start, the govt’s 5 percent stake sale in NTPC got off to a flying start with 86 percent of shares reserved for institutional investors is getting subscribed by today afternoon.

At 10.25 am, the BSE Sensex was up 234.59 pts at 31,622.98 and the NSE Nifty-50 rose 80.85 points to 9,876.90.

In the economic front, FM Arun Jaitley said that India’s first GST collection hit Rs. 92,283 cr in July, surpassing the target of Rs, 91,000 crore.

Commodity, Gold, currency tips: COMEX Gold rose, Rupee hits near 3-week high

The Indian rupee today, 28 August 2017, strengthened past 63 marks to hit near three-week high against the US dollar, tracking gains in its Asian peers and local equity markets. The rupee gained 6.25% so far this year, while FII inflows hit USD 7.12 billion in equity markets and USD 19.50 billion in debt markets.

Crude oil futures were on higher side last day on extended buying support following an extremely weak undertone in the US dollar and steady cues from equities. The crude oil production recorded a gain of 0.3percen on the week at 9.53 mn bpd and there was an increase of 11.5 percent over the year.

Gold & Silver were trading higher in early trading on Monday due to buying in precious metals by jewelers. COMEX Gold rose Friday, 0.5%, to settle at USD 1,297.90 per ounce, the highest in two months extending weekly gains after downbeat economic data. MCX Gold closed around Rs 29160 per 10 grams, up 0.22% on the day.