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. 

Monday Market View- Sensex Opens on a Strong Note, Stock Intraday trading tips

Indian stock markets have opened on Monday day in green note. At 10.35 am, the BSE Sensex is trading higher by 199 points at 32,461.58 and NSE Nifty is trading higher by 72 points at 10,157.60. Gains are mainly seen in capital goods stocks, auto stocks and energy stocks. The Indian rupee is trading at Rs 64.07 against the US dollar.

Share price of Bharat Petroleum Corpn (BPCL) opened the trading day on an cheering note up 1.2% after the company was reported that it is in discussions with the country’s largest natural gas transporter GAIL (India) to acquire the govt’s majority stake in it for Rs 180 to 200 billion.

Here is a list of some of the important stocks that are likely to be in focus today:

Steel Authority of India (SAIL) said the company has supplied 80% steel required for the construction of Sardar Sarovar Project, inaugurated by PM Narendra Modi.

Oil marketer Hindustan Petroleum (HPCL) has drawn up investment plans of Rs 7110.00 crore for business expansion in the current financial year. The company merges with ONGC, also planned capex of Rs 61,000 crore for capacity growth over the next five years.

ITC Ltd plans to open 40 new hotels, adding about 5,000 rooms over a period of time, as part of the strategy to make stronger its hospitality business.

Best Stock Weekly Review: Market logs strong gains through the week

stock market weekly reports

Weekly Update- Indian stocks logged strong gains in the week ended Friday, 15 Sept 2017 led by gains in pharma and auto stocks. The BSE Small-Cap and BSE Mid-Cap indices outperformed the Sensex during the week. While the BSE MidCap advanced 217.99 points or 1.38% to settle at 15,972.74, the SmallCap index gained 362.56 pts or 2.22% to settle at 16,687.76.

In the week ended the Sensex rose 585.09 pts or 1.85 percent to settle at 32,272.61. The NSE Nifty index rose 150.60 points or 1.52 percent to settle at 10,085.40.

All through the previous five days, the Sensex had gained 524.44 points on solid global cues on receding concerns on North Korea and sustained buying by domestic investors.

On the macro front, the yearly rate of inflation, based on monthly WPI, figured provisionally at 3.24% for August 2017, corresponding to 1.88% in July 2017 and 1.09% in August 2016, as per data which was announced on Friday, 14 Sept 2017.

The price of Oil soared to their highest weekly rise since on higher demand forecasts and the recommence of refineries in US. The OPEC this week predicted higher demand for its oil in 2018 and pointed to cues of a tighter global market.

L&T gains 5% on hopes of winning defence contracts of Rs 40,000 cr

L&T infotech

The stock of Larsen and Toubro (L&T) was registering an upward momentum on the exchanges today’s’ trade since the stock surged over 4 percent amid high volume trading. The company is hopeful of bagging some six defence contracts amounting to Rs 40,000 crore. L&T stock gained 4.83% to Rs 1,181 in intraday trade on the BSE. The stock was the top gainer on both Sensex & Nifty.

The counter has witnessed huge trading activities with a combined 2.9 million shares exchanging hands on both Exchanges so far. On an average a combined 1.3 million shares were traded daily in the past fourteen days on BSE & NSE. 

The stock attracted a volume of 30,20,232 shares and traded value of Rs. 35,190.23 lakh on the NSE. L&T had hit its 52-week high value of Rs 1,222.63 on May 30, 2017, and 52-week low of Rs 863.40 on Nov 9, 2016, on the NSE.

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

best stock tips

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.