Sensex rises 143 points, Nifty near 10,500, RIL, SBI, ICICI Bank top gainers

stock trading tips India’s share markets extended gains to open higher on Wednesday on positive global cues, with Sensex & Nifty inching up by 0.3 percent.

The BSE Sensex was trading 143 points at a high of 33,955.21 and NSE Nifty added 51.65 points to mark the day’s high at 10,493.85.

Shares of Reliance Industries, Adani Ports, Bharti Airtel, ICICI Bank, SBI, Yes Bank, HUL,  Tata Steel were the major gainers among the Sensex stocks while Infosys, Dr Reddy’s, HDFC Bank, ONGC, Asian Paints, Tata Motors slipped upto 2 percent. The heavyweight stocks such as Reliance Industries, ICICI Bank, TCS, ITC, SBI, Larsen and Toubro contributed the most to the Sensex gains.

Metal stocks continued to keep up momentum on the back of rising global commodity prices. The Nifty Metal index advanced 0.8 percent in early trade, led by over 1 percent rise in shares of Vedanta Limited and Tata Steel Limited.

Meanwhile, the Indian rupee rose the 4-day rising streak on Wednesday. The domestic currency made a top of 63.50 per US dollar on Wednesday, and was trading down 2 paise at 63.50 against the US dollar.

January 02, 2018, Stocks in the news for Tuesday, Eicher, Idea Cellular, JMFL

Bombay Stock Exchange The following companies ‘stocks will be in focus during trade today based on latest stock in news and developments:
Eicher: Eicher Motors Limited’s stock will be in focus today as Royal Enfield’s December sales up 17 percent at 66968 units against 57398 units. Total exports up 48 percent at 1,601 units against 1082 units, year-0n-year.

Thermax:: Thermax Limited bags Rs. 327 crore order from a public-sector company based in Western India for a Boiler Turbine Generator package on EPC basis.

IdeaCellular:: Idea Cellular Limited is set to consider a fund raising proposal on Thursday, January 4, 2018

JMFL:: JM Financial Limited seeks shareholder’s approval to raise Rs. 650 crore.

Prestige Estates:: Prestige Estates Projects Limited to buy Capitaland’s stake in different companies for Rs.342.00 crore.
GAIL: GAIL India Limited commissions India’s second largest roof-top solar PV at Patna, (UP).

Investment Advisory, Stock Indices open flat, PSU banks rise, IT companies slip

happy new year Sensex, Nifty started the New Year 2018 on a subdued note, opening flat due to lack of major triggers in the morning session. The BSE Sensex was trading at 34,085, up 28.59 points, while the Nifty 50 was ruling at 10,534.55, up 3.85 points in later morning hours. The BSE Midcap & Small-cap indices were up 0.4% and 0.5%, respectively.

Shares of I.T companies pressured to profit booking, as the Nifty IT index slipped 0.5 percent in early trade, led by near 1 percent losses in Tech Mahindra, TCS and Wipro stocks.

Shares of IndiaBulls Housing Finance rose 3%, SBI rose 0.79%, Indian Oil Corporation rose 0.78%), BPCL rose 0.73% and Airtel gained 0.63% as the top gainers on Nifty50, whereas shares of Infratel, Wipro, TCS, Hindalco and Bajaj Auto were the top losers in today’s trade.

The Nifty PSU Bank index rose 0.4 percent, led by shares of Bank of India, which spiked 4% on Rs22.6-billion capital infusion, while Shares of automobile companies were mostly mixed as the auto sector companies unveil their sales figures of December month, later today.

Sensex rises record high in early trade, RCom shares spikes

Sensex Nifty up Key benchmark indices extended gains after markets opened even with Sensex picking on with a little up move. BSE Sensex gained 74.89 points to open at 34,085.50 while NSE Nifty started a little move by 6.10% at 10,537.60.

Shares of Reliance communication (RCom) kept gains after an enormous surge in the stock prices on Tuesday, when Anil Ambani announced the total debt of the company would be reduced by Rs 39,000 cr.

Shares of RIL, Yes Bank, Sun Pharma contributed the most to the Sensex gains. Sectorally, Nifty pharma and Nifty Realty leading the charge while Nifty banking sector shed up to 0.24%.
Shares of Yes Bank, Sun Pharma, ONGC, HUL, Dr Reddy’s, RIL, Tata Steel, Maruti Suzuki, and NTPC come out as the top gainers on Sensex while Wipro, ICICI Bank, Coal India and Asian Paints were losers.

Oil Company shares such as Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation fell nearly 1 percent each in early trade owing to a surge in crude prices globally, on Tuesday.

Sensex, Nifty hit lifetime highs on early trade: Infosys down 1.3%

Sensex Nifty high Live Market- Sensex and Nifty started the holiday-shortened week on a positive note in the opening trade, led by gains in shares of TCS and metal and mining companies. BSE Sensex reached its peak high of 34005.37 and Nifty reached at 10,500 l in early trade. However, in the after hours the indices were trading lower.

The broader markets were also supported by positive footing in shares of GAIL India, Vedanta Ltd, ONGC rising up 0.7 to 1.1%.

Shares of Infosys’ down 1.3%, on Nifty50, while shares of Tata Consultancy Service rose 1.5% in early trade after a report said the company will renew large outsourcing contracts.
The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday against 64.05 on Friday.