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.

14 Sept Stocks in Focus on Thursday: IOC, BPCL, HPCL, Coal India, Hindalco

Oil refinery Industries

Live Market- Sensex, Nifty open higher on Thursday against the previous session’s closing in the morning hours. The Indian rupee was trading at seven days’ low against the USD. The shares of Reliance Industries, Sun Pharma, Axis Bank rose, whereas the shares of M&M and Wipro fell.

Following stocks, among others, will be in focus today:-

Stocks of Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) will be on watch today as Oil Minister Dharmendra Pradhan today ruled out govt’s intervention to interrupt the daily revision in petrol and diesel prices.

Coal India Ltd is aiming to diversify into new mining areas and the process of finding out the areas is underway, the company said.

Hindalco Industries, the group company of Aditya Birla, plans to prepay another Rs. 1100-crore debts this month to further reducing the level of its debt.

Jet Airways may participate in the second phase of bidding for regional flights under UDAN scheme, but the final decision is awaited.

At 10.30 am, the BSE Sensex is trading at 32,307 levels up 121 points, while NSE Nifty is trading at 10,117 levels up 38 points.

Sensex crosses 32,000 mark, A few top stocks that in focus today

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Sensex crosses 32,000 mark; Top stocks in focus
Domestic equity markets open on a positive note on Tuesday, against the previous session’s closing with firm global cues. At 10.40 am BSE Sensex gains 130 points, to 32,012, while the Nifty50 rises 39 points, to 10,045. The Indian rupee opened slightly weak against the USD. The shares of Sun Pharma, Tata Steel and Asian Paints climbed, whereas the shares of ONGC and Coal India fell in the morning hours.

A few top stocks that in focus today:
Godrej Industries gained 3% after its arm Godrej Agrovet got Sebi’s go-ahead to raise an estimated Rs 1,000-1,200 crore through an initial public offering.

Stocks of Tata Steel hit an over Six-year high of Rs 692, up 4.7 percent on BSE today morning after Tata Steel UK announced that the British Steel Pension Scheme has been separated from the company. Tata Steel stock was trading at its highest level since January 2011.

IndiGo’s parent arm Inter-Globe Aviation has announced some of its promoter organisations will offload shares under an IPP (institutional placement) programme in which it is expected fresh issuance of shares.

Share holders of Religare Enterprises have approved a proposal to invest up to Rs 500.00 crore in its arm Religare Capital Markets for repaying debt for Mauritius business, and capital needs of India business. 

Tata Motors would invest Rs 1,500 crore across various segments of freight-haulers to secure its leadership credentials to help recover some of the lost market-share in the past couple of months. 

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.

07 Sept-Top stocks View on Thursday, Sensex off early high

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Sensex, Nifty opened higher on Thursday aligned with the last closing session. The Indian rupee made stronger against the US dollar. ICICI Bank, Coal India, Adani Ports rose, while HDFC bank and NTPC fell.

Some top stocks, among others, that are likely to be in limelight in today’s trading session are as follows: 

Reliance Industries Ltd has acquired Kemrock Industries and Exports after the lenders of Kemrock put up the company and its assets up on the block, RIL said in a statement.

Eicher Motors rose 2.1 percent to Rs. 32,700 after reports that the maker of Royal Enfield motorbikes is eying to bid for Italian bike-maker Ducati USD 2 billion. The move will further strengthen its brand equity, portfolio, global reach and access to technology.

HCL Technologies Limited has informed a partnership involving purchase of select assets with Alpha Insight for monitoring operational intelligence and business volume. HCL said that the proposed asset purchase consideration shall be up to 3.25 million euro, including payments subject to certain financial milestones. 

The IPO of ICICI Lombard General Insurance got an approval and it will open the offer from 15 to 19 September.

Stocks in focus today: HDFC, Bajaj Finance, HCL Technologies, ICICI Bank

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Markets are open lower on Wednesday tracking weaker Asian stocks. The rupee opened lower against the USD. The shares HUL, NTPC and Asian Paints rose, while HDFC Bank, Sun Pharma and Adani Ports fell in the morning hours. Shares of Just Dial gains 5 perpcent after HDFC Mutual Fund a 4.6 percent stake, in the company at Rs. 375.00 per share on Tuesday, as per data with NSE.

Some of the major stocks will be in public attention today:-

HDFC lender today raises Rs 2000 crore by issuing bonds on PP basis to expand its long-term capital.

Bajaj Finance has authorized the QIP of equity shares. It has set a floor price regarding the QIP at Rs 1,771.9 per equity share. Bajaj Finance’s shares hit a day’s high of Rs 1814 before closing down 0.64 percent at Rs 1,787.5 today.

Shares of ICICI Bank will be in focus since ICICI Lombard General Insurance has got Sebi’s go-ahead for its estimated Rs 6,000 crore IPO.

HCL Technologies has said that the company has agreed to buy UK-based ETL Factory, doing business as Datawave, for 7 million pounds, while Dixon Technologies’ pubic offer is scheduled to open today.

Weekly Reports -Stock Overview for the week ended Sept.1, 2017

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The benchmark indices BSE Sensex and the Nifty 50 index clocked impressive gains in the week ended Friday, 1 Sept 2017 on positive global cues. Except sharp losses on Tuesday, 29 August 2017, the two key indices registered modest gains in 4 trading days of the week.

Through the week, a stellar auto sales and cheering August manufacturing data supported investors put behind the unsatisfactory GDP numbers. The benchmark Sensex went up 162 points to end at 31,892.23 as a three-week high, whereas the Nifty closed short of 10,000. Broad market depicted strength. The BSE Mid-Cap index rose 2.84%. The BSE Small-Cap index advanced 3.09%.

Throughout the week following stocks captured attention:

  • Software major Infosys rose 0.83% at Rs 920.10.
    Wipro advanced 2.49% at Rs 296.80.
    Dr Reddy’s surged 6.2% at Rs 2,217.35.
    Lupin rose 0.18% at Rs 993.50.
    Maruti Suzuki India rose 2.77% at Rs 7,812.70.
    Bajaj Auto jumped 6.74% at Rs 2,918.65.
    Reliance Industries rose 2.68% at Rs 1,609.35.
    L&T rose 0.74% at Rs 1,139.70.

Market week ahead: A slew of companies will be announcing their April-June 2017 quarterly results next week, which include Skipper & Tamilnadu Petro products, Digjam and Indian Hume Pipe, Vaibhav Global and Honda Siel Power Products, Hotel Leela venture & UFO Moviez India.

Best stock tips -Stocks today- Pharma stocks lead in the morning trade

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Stocks of Pharma companies have been lending support to the in Nifty and Sensex on Friday morning trade, whereas HDFC and TCS shares fell. Nifty Pharma index is at pinnacle among the sectoral indices on NSE. The index is trading at 9083 level, up by 2.53 percent.

Sun Pharma, Aurobindo Pharma, Lupin and Divi’s Lab are also among the gainers in the index trading higher by above 2 percent, while other pharmaceutical stocks such as GlaxoSmith, Glenmark and Cadila are trading higher by above 1 percent.

At 10.20 am The BSE Sensex is trading up by 120.83 points at 31851.32, while the NSE Nifty is trading up by 35 points at 9952.85.

Elite Investment Advisory- Stock Analysis of Wednesday’s trade

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Elite Investment analyses the market in such a way that Sensex, Nifty rose on the back drop of a revival in the global markets, The intensity of rain havoc in the financial capital helped pick up risk appetite to a great extent. A low-spirited rollover numbers gives the concerning impression, but considerable short covering was observed in the IT and pharma sectors, keeping market optimistic. Speculators were covering up their short positions prior to the August derivatives contract being expired tomorrow added to the upward move. 

A view at Stock Market: Domestic stocks witnessed a gap up opening triggered by mostly positive Asian stocks and held firm till early afternoon trade. Stocks cut gains in mid-afternoon trade, however, it hovered in positive zone in late trade.

At closing bell, the BSE Sensex was up 258.07 points at 31,646.46 and the NSE Nifty rose 88.35 points to 9,884.40.

30 Aug Sensex up 235 Pts, Stocks trade with decent gains in morning trade

Stocks of NTPC followed by Infosys Ltd, DLF Ltd, Ashok Leyland, Hindalco and Bank of Baroda were among the most active stocks in terms of volume on NSE in Wednesday’s morning session. Positive Asian cues supported the sentiment. Pharma stocks, metal stocks, realty & auto stocks surged over 1%. In the Nifty pack, Hindalco, Adani Ports, Ambuja Cements, IOC, Aurobindo Pharma and Vedanta were gaining. 

Regarding NTPC Ltds’ disinvestment start, the govt’s 5 percent stake sale in NTPC got off to a flying start with 86 percent of shares reserved for institutional investors is getting subscribed by today afternoon.

At 10.25 am, the BSE Sensex was up 234.59 pts at 31,622.98 and the NSE Nifty-50 rose 80.85 points to 9,876.90.

In the economic front, FM Arun Jaitley said that India’s first GST collection hit Rs. 92,283 cr in July, surpassing the target of Rs, 91,000 crore.