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.

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.