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.

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.

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Stock Market opens higher on Monday. The Nifty also rises in opening hours after a long weekend. Infosys Ltd was holding its opening gains and was trading at Rs 941.65 share apiece, up by 3.23%. Infosys stock is contributing the most to Nifty and Sensex gains. Infosys, Eicher Motors, Aurobindo Pharma, Adani Ports and NTPC were the top gainers in Nifty pack.

Infosys shares advanced 2.95% to Rs 939.40 on BSE after the company appointed Nandan Nilekani as the board chairman with immediate effect. Hindustan Oil Exploration(HOEC) gained 7.6% intraday on the back of its launch of commercial production at Dirok field.

Other than Infosys, DLF, Vedanta, Bank of Baroda ICICI Bank and HDFC were the most active stocks based of volume on NSE in the morning hours. Pharma stocks, IT, Realty, and auto stocks were keeping buyer’s attention.

At 10.50 mornings, Sensex was trading at 31,764 levels up by 168 points, while Nifty was at 9,912 levels up 56 points.

22 Aug Stock News:Four Stocks drop ex-dividend, Best Stock Tips today

Shares of Manapuram Finance, Triveni Engg, Pfizer Ltd & ManInfra settled in red on turning ex-dividend on Tuesday, 22 August 2017.

Shares of Manapuram Finance Limited fell 2.38% to Rs 92.30 as the stock turned ex-dividend of Rs 0.50/share for the year ending 31 March 2018. Triveni Engg & Industries lost 1.33% to Rs 89.20 for interim dividend of Rs 0.25/ share.

Pfizer Ltd fell 0.63% to Rs 1,767 for total dividend of Rs 20/ share for the year ended 31 March 2017. Man Infra-construction lost 0.54% to Rs 64.05 for final dividend of Rs 0.54/ share for the year ended 31 March 2017.

The BSE Sensex re-bounded and NSE Nifty advanced in early trade Tuesday on fresh buying amid a strong trend in Asian markets. At 10.40 am, the 30-share index was trading higher by 42.37 pts to 31,301 and the Nifty up at 16.65 pts at 9,771.

Top Ten Stocks Advice in Focus on Thursday, 17 August 2017

Sensex & Nifty started on a green note on Thursday, tracking strong global cues. A few stocks that are expected to be in public attention today: 

Infosys Ltd: The Company considers a proposal to buy back shares on Saturday, 19 August 2017. It will pay shareholders up to 2 billion dollar via buybacks and dividends share in FY18. 

Larsen & Toubro: The Company has entered into definitive agreement for the divestment of company’s full stake in its Cutting Tools arm for Rs. 174.00 Cr, with IMC International Metal Companies BV.

GMR Infra: GMR infrastructural co, which owns a 220 MW gas based power plant in Kakinada (A.P.), will sell its barge mounted power plant to for USD 63 million, to a buyer. The company said that GMR Energy will enter into a definitive agreement with the buyer shortly. 

United Bank of India: The deposit rate of the bank upto Rs 1.00 crore was revised to 6.10% from 6.25 %. For above Rs. 1.00 Crore was revised to 4.35% from 4.5%.