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 Stocks of Vedanta, IDBI Bank, Bajaj Finance, SAIL will be in focus today

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Sensex, Nifty are likely to open higher on Friday as Asian shares slipped after North Korea shoot another missile over Japan into the Pacific Ocean today. The Indian rupee on was trading little changed against the US dollar in today’s opening trade.

These stocks will be in focus today:

Metals and mining company Vedanta Ltd has said the State Pollution Control Board Odisha, has directed it to temporarily close five units of its power plants which may have an impact on the cost of production of the aluminium.

IDBI Bank has said that the bank has sold 12.5 lakh equity shares in Clearing Corporation of India for an undisclosed amount.

Bajaj Finance Ltd has allocated 2.6 crore shares to qualified institutional buyers bringing back over Rs 5044 crore.

SAIL India has reported an 18% surged in sales during August over the corresponding month last year.

IPO Watch: ICICI Lombard General Insurance has raised Rs 1625 crore from anchor investors ahead of its IPO sale opening today. It would allot shares to 64 anchor investors at Rs 661 per share.