Stock Market News : Sensex, Nifty cut initial gains ahead of WPI inflation data

stock market up Sensex and Nifty opened a slight higher on Thursday as the US Fed Reserve overnight raised interest rates by 25 bps. The BSE Sensex trades up by 11.78 points at 33,064.82, while the NSE Nifty-50 rose 6.30 points to 10,199.25 in late morning hours.

Shares of Mahindra and Mahindra, DR Reddy’s Lab, Infosys, Asian Paints, ONGC, Lupin were the major gainers on Sensex today, rising up to 1.43% while Tata Consultancy Service, HDFC, Kotak Mahindra Bank, Hindustan Unilever Limited, lost up to 1.17%.

The index heavyweights like HDFC, TCS, ICICI Bank and Kotak Mahindra Bank contributed the mainly to the Sensex losses, while Infosys & HDFC Bank helped to reduce the losses.

Shares of Tata Communications Limited rose 5 percent to Rs. 730 after the it has approved proposal to demerge around 773 acres surplus land of govt through special purpose vehicle company Hemisphere Properties Limited.

The rupee rose against the US dollar; it opened at 64.32 per dollar and was trading at 64.28 a dollar, up 0.24 percent from its last close of 64.44.

Stock Tips- Best Stock News for the day 24 October, 2017, Option Trading Tips

nifty touched high The benchmark BSE Sensex opened higher on Tuesday by 142 points to 32,648.77, while the NSE Nifty gained 46.50 points to 10,231.35 at 10.35 am. The Indian rupee rose marginally against the USD. The shares of ONGC, HUL, and NTPC rose, while the shares of Mahindra & Mahindra and Sun Pharma fell during the day.

Major stock news today:

Indiabulls Housing Finance Ltd (IBHFL) consolidated net profit rose 25.82 percent to Rs 861.06 crore on 16.26 percent growth in total revenue to Rs 3,342.48 crore in Q2 Sept on Y-O-Y. Further, the company has approved the proposal of issuing secured and unsecured NCDs, upto Rs 25000 crore and Rs 3000 crore, on PP basis. It has declared an interim dividend of Rs. 9.00 / share for fiscal 2018.

Infosys Ltd, Asian Paints, ICICI Prudential Life Insurance, HDFC Bank, Ambuja Cements, Zee Entertainment and ABB India Ltd will announce July-Sept 2017 quarterly results today, 24 October 2017 and their stocks are expected to without today.

Reliance Communications (RCom) has announced that it has received the DoT approval for the
demerger of the wireless business of SSTL (Sistema Shyam Tele-services) into RCom. With this development, the later will acquire 2 million customers approx, and additional annual revenues of about Rs 700 crore.

Cochin Shipyard stocks will be watched out as the Ministry of Shipping, Govt of India had approved formation of JV Company between Cochin Shipyard and Hooghly Dock & Port Engineers, aiming for modernization of shipbuilding infrastructure setup.

Major Stocks in Focus on Monday 23 Oct 2017, Top Investment Advisory Company

stock market high Live Market- Sensex, Nifty opened higher on Monday after sinking more than half a percent in the trading session of Muhurat Trading on Friday. BSE Sensex on Monday late morning gained 93.81 points at 32,483.77 points and Nifty added 38.30 points to start at 10,184.85 points.  The value buying in the stocks of Reliance Industries Ltd, ICICI Bank, and TCS Ltd led the key indices in green.

Here is the list of some top Stocks in Focus:
Indian Energy Exchange (IEX) to debut on the secondary equity market today, with Issue price Rs 1650 per share. Issue was subscribed 2.3 times.

HCL Info systems announced that the company will raise Rs 499.09 crore from its existing share holders by way of rights issue. The total number of equity shares to be issued is 10.61 crore.

South Indian Bank stated that the Central Bank of UAE has given nods to open a representative office of the South Indian Bank in Dubai, U.A.E. 

Hindustan Zinc Limited and Indiabulls Housing Finance Limited will announce July-Sept 2017 quarterly results today, 23 October 2017.

Tata Tele Services (Maharastra) has approved rising up to Rs 20,000 Crore via securities.
Dr. Reddy’s Laboratories  recalls Famotidine tablets from the U.S. market, while Granules India obtains USFDA approval for Prasugrel tablet.

Ramco Systems Ltd has stated that it has established a wholly-owned subsidiary in Indonesia under the name PT Ramco Systems, Indonesia. It is the Ramco’s 6th subsidiary in Asia and 24th office, worldwide. 

05 Oct Stock Investment Advisory, Sensex Nifty down trends today

stock market news The Sensex & Nifty gained on Thursday amid uninterrupted buying by domestic institutional investors, who bought shares net Rs. 584.88 crore, while foreign portfolio investors dumped equities of Rs. 632.14 crore as per data. The auto, metal, realty, healthcare and capital goods stocks were driving the markets in the morning hours.

Stocks to Watch out:- MAS Financial Services and Godrej Agrovet will hit the market with IPO this week.

Prataap Snacks’ stock lists strongly at 33% premium over the issue price. It lists at Rs 1250/share on BSE.

Shares of Natco Pharma hits at 3-month high after its partner Mylan gets USDFA approval.
Infosys Ltd stock advances over 1% after 13.5 lakh shares worth Rs 122 Crore changed hands in two block deals at Rs 902.

Stocks of Parag Milk Food up 2% as FPI invest limit raised to 40 percent from 24 percent.
Reliance Communication’s stock trades lower as it withdraws plan to demerge towers.

28 Sept Thursday Stock Market watch, Best Investment Advisory Company

At 11 AM Thursday, the BSE Sensex is trading at 31,264 levels up by 104 points, while Nifty is trading at 9,756 levels up by 20 points. A total of 8 stocks clocked a fresh 52-week high in trade, while 49 stocks registered a new 52-week low on the NSE.

Stock in News today: State-owned electric utilities major. Power Grid Coprn of India Ltd announced that it started commercial operations of Pole-II of the Champa-Kurukshetra HVDC Terminal in Chhattisgarh from 16 Sept, 2017. All assets under the WR-NR HVDC r for IPP projects in Chhattisgarh have been commissioned.

Reliance Industries (RIL) has said that its telecom unit, Reliance Jio and Roy Kapur Films (RKF), tied up wherein original digital video content for the Jio platform will be, developed, commissioned and creatively produced by Roy Kapur Films.

GE Power India has announced, that it has bagged an order worth Rs 328 crore from Doosan Power India, for supplying 4 units of 660 MW electrostatic precipitation (ESP) for the super critical power projects of U.P Government.

APL Apollo Tubes has entered into a JV with Singapore-based One-to-One Holdings, for manufacturing of in-line galvanised tubes. The announcement was made on 27 Sept 2017.