Sensex, Nifty record highs, RCom shares gain, Investment Advice in Intraday

stock market investment Key indices opened little higher on Friday with Sensex and Nifty nearing their respective all time highs. The BSE Sensex gained 170.69 points to open at 34,018.72 and the NSE Nifty added 45.25 points to open at 10,523.15 in the later morning hours.

Shares of Tata Steel, Power Grid, Larsen & Toubro, Adani Ports, SBI, Sun Pharma, NTPC, Axis Bank were the major gainers, while shares of Wipro, ICICI Bank, and M&M lost up to 0.2% on Friday.

Shares Reliance Communication (RCom) jumped 21% as the company reportedly plans to sell its

wireless infrastructure assets, spectrum, tower etc’to Reliance Jio Infocomm. The stock of RCom has more than tripled in the last one week.

The NSE Nifty Metal Index rose 0.6 percent, tracking higher global commodity prices. All the sectoral indices of NSE were trading in green with Nifty PSU Bank, Nifty Pharma, Nifty FMCG, Nifty Auto leading the charge.

The Indian rupee was trading a bit higher against US at 64.03 per dollar, up 0.08 percent from its Thursday’s close of 64.08.

Top Ten Stock Trading Tips, SEBI Registered Investment Advisory Company

SEBI Registered stock advisory company Share markets opened little higher on its opening Thursday with Sensex & Nifty beginning in the green ahead of the expiry of Future & Option contracts today. BSE Sensex traded higher by 0.05 points to 33,911.86, while the NSE Nifty-50 rose 7.05 points to 10,497.80 in the later morning hours.

Shares of State bank of India, Sun Pharma, Tata Steel, Dr Reddy’s, Coal India, HDFC, HDFC Bank and Hindustan Unilever gained up to 1 percent while Yes Bank, Axis Bank, Hero MotoCorp, TCS, Bajaj Auto and Kotak Mahindra Bank lost up to 0.75%. The stock of RCom rose 19.86% to the day’s peak of Rs 34.4 on NSE while it rose 15.65% to the day’s high of Rs 33.24 on BSE.

Metal stock rise on NSE, the Nifty Metal Index rose 1 percent in early trade tracking higher global commodity prices. Global copper prices rose overnight to their maximum levels in 3 years following strong import numbers from China. Shares of Hindustan Copper Limited rose over 5 percent.

Banking stocks trading lower led by Axis Bank, which was fell 1 percent after market regulator SEBI directed the Bank to conduct an inquiry into leakage of its April -June earnings.

Sensex rallies over 170 points, Nifty hits at 10,480

share market up Benchmark indices were trading marginally higher on fresh spell of buying after new data indicated to steady growth in the U.S economy. The shares of Tata Motors, L&T and ONGC rose, while the shares of Coal India and Power Grid fell.

The BSE index Sensex was up 178.85 points at 33,935.13 and the NSE index Nifty 50 index was up 42.60 points at 10,482.90 in later morning hours.

Top five Sensex gainers include stocks of ONGC, Maruti, Bharti Airtel, M&M and Tata Motors, while the major losers were Coal India, Hero MotoCorp, Bajaj Auto and IndusInd Bank.

Shares of oil companies such as ONGC rose 2.13%, GAIL India rose 1.09% and Castrol India rose 0.91% were trading up in later morning hours, keeping the BSE Oil and Gas index in the green zone. On the other hand, shares of BPCL (Bharat Petroleum Corporation) down 0.33% during the time. 

The Indian domestic currency rupee on Friday opened little changed versus the U.S dollar. It rupee was trading at 64.05 per dollar, up 0.02 percent from its last day’s close of 64.06. The Ten-year bond yield was at 7.210 percent, compared to its last close of 7.214%.

Sensex above 33,700, Nifty at 10,450 mark, HDFC Bank, Sun Pharma lead

sensex up, nifty above India’s Best Stock Advisory
The key indices erased their opening gains and were being traded flat due to lack of directions from global markets. The BSE index Sensex was down 1.12 points at 33,776.26 and the 50-share NSE index Nifty was up 7.4 points at 10,45.60 in the later morning hours.

Sun Pharma gained 1.76%, L&T up 1.37%, Hero MotoCorp rose 1.32%, Tata Steel up 0.74% and HDFC rose 0.7%, as the top Sensex gainers while M&M, ICICI Bank, HUL, Infosys and IndusInd Bank were the major losers.

Shares of RCom gained 4 percent today after a report said that Reliance Jio Infocomm leads the race to acquire the company’s assets.

BSE realty index rose 3.01%, followed by metal 0.75%, infrastructure 0.69% and capital goods 0.64%, while banking index fell 0.34%, auto 0.3% and PSU 0.18%.

PSU Bank, Auto, Realty and Bank Nifty Index are the top losers on the NSE, while Nifty Media, Pharma and Metal Index were the top gainers.

Among specific stocks, stocks of Varun Beverages Limited rose 7 percent as the company has entered into a binding accord with PepsiCo to acquire franchisee rights.

Shares of Repro India gained in third straight session rising 3 percent after a promoter bought stake in the company.