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.

Sensex, Nifty Opens in Green; Banking Stocks leads the Trend

sensex nifty upMarket Live- Stock markets in India have opened Friday on a positive note. The BSE Sensex is trading higher by 66.30 points at 33,213.44 while the NSE Nifty is trading higher by 3.30 points at 10.347.10 at 10.40 am today.

Except banking stocks, all sectoral indices have opened the day positively with metal sector and consumer durables leading the pack of gainers. The rupee is trading at 64.79 to the US Dollar.

Bank stocks have opened on a mixed note with Indusind Bank and South Indian Bank being the most active stocks in banking sector. Yes Bank reported a 25% growth in net profit for the Q2 ended Sept 2017 mainly due to a fast growth in advances and a rise in fee income.

Cipla’s U.S. unit gets final FDA nod for generic Renvela tablets with Stock advances over 1 percent, while Sugar company stocks open strong. Dwarikesh Sugar, Dharani Sugar, Dwarikesh Sugar rises 4 percent each.

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share market down The BSE Sensex and NSE Nifty opened on Thursday after closing at a record high in the previous session. The Indian rupee opened higher against the USD.

At 10.55 am, the BSE Sensex traded lower by 73.29 points, to 32,969.21, while the Nifty fell 8.85 points to close at 10,286.50. Shares of SBI and PNB hit a fresh record high, rising about 7.79% to Rs 351.3 and 14.55% to Rs 231.45 respectively. Other PSU bank stocks which also rallied include Indian Bank, Bank of Baroda, Union Bank of India Canara Bank,  Bank of India, OBC,  IDBI Bank and Syndicate Bank.

JP Group stocks fell after the Supreme Court has extended the deadline for Jaypee Associates Ltd to deposit Rs. 2,000 crore to cover its liability towards those who bought homes in projects of its subsidiary Jaypee Infratech Ltd.

Tata Communications Ltd fell 4% to Rs. 688 after it has reported a loss of Rs. 128.55 crore against a net profit of Rs. 267.65 crore that was in the corresponding quarter last year.
HCL Infosystems Ltd fell 4% to Rs. 46.85 after the company announced its net loss for the quarter widened to Rs. 455.57 cr from Rs. 37.13 cr a year ago period.

Rupee Watch: The Indian rupee opened at 64.80/USD and was being traded at 64.74 V/s the dollar, up 0.25% from its last close of 64.90.

Top Ten stocks to Watch Out on Friday, Share Market Trading Tips

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Tata Teleservices and Bharti Airtel to Combine Consumer Telecom Business.

Drug major Sun Pharma said it will increase stake in its subsidiary Ranbaxy Malaysia to 79.5% through purchase of shares.

Mahindra & Mahindra, Shapoorji Pallonji Group and Liberty House of the UK are competing to acquire debt-laden ABG Shipyard.

Tata Consultancy Services (TCS) reported its Q2 earnig numbers on Thursday. Net Profit stood at Rs 6,460 Cr up by 9% on Quarter on Quarter basis.

Piramal Enterprises Ltd approves raising Rs 2,000 Crore through a rights issue.

Construction engineering company Shriram Epc wins Rs 349 crore of multiple orders.

Kotak Mahindra Bank will announce quarterly results today, 13 October 2017.

Bharti Airtel Ltd has announced that it approved the scheme of amalgamation between Tikona Digital Networks and Bharti Airtel Ltd and their respective share-holders and creditors.

NBCC (India) may acquire 3 other govt-owned companies to create a mega construction company for consolidation among public sector firms.

Stocks to look out for on Tuesday, Best Investment Advisory Company In India

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The key benchmark indices extend losses in opening trade on Tuesday on global uncertainties.  Market made a passive start on Tuesday, in line with a slow Asian opening, as North Korea tensions made investors cautious. FMCG, banking and PSU banking were in the red, losing by up to 0.32 percent. The Indian rupee weakened by 18 paise 65.28 against the Us dollar in early trade.

Following are a few important stocks to watch out for on Tuesday:

Shares of Godrej Industries in focus as Godrej Agrovet sets IPO price band between Rs.450 to 460 share apiece.

GAIL India reportedly plans to set up petro-chemical complex in Andhra Pradesh, while Aditya Birla Capital gets in-principle approval from RBI to establish an ARC.

HPCL shares is in limelight as  ONGC will acquire the govt’s 51.11% stake in HPCL via a bulk or block deal in November or December at the current market price.

Indian Oil Corp has cleared Rs 27,000 crore refinery of its Chennai Petroleum unit, while Chennai Petroleum is going to establish new 9 million metric tonnes per year, refinery at Nagapattinam.