Stock News: Stock Markets open in the green amid positive global cues

sensex nifty high Indian equity markets opened in the green on Thursday following positive cues from global markets. At 10.30 am, the BSE Sensex is trading higher by 120 points at 33,339 levels while the NSE Nifty is trading higher by 44 points at 10,347 levels. The surge is led by strong buying in industrial heavy-weights such as, Tata Motors, RIL, ICICI Bank, and SBI Bank. Markets are likely to take further strides from the GST Council meet on Nov 9 & 10 in Assam.

Stock Movements in the early hours today:- Shares of Tata Motors Limited rose 2.2% to Rs. 448.50 ahead of Q2 earnings due later today. The company is expected to post a net profit of Rs. 1,835.10 crore.

Shares of Bombay Dyeing & Manufacturing Co. Ltd rose 5% to Rs. 204.65 after the company reported a profit of Rs. 52.79 crore in Sept quarter against a loss of Rs. 36.56 crore a year ago.

Shares of Petronet LNG Ltd rose 4% to Rs. 270.50 after the company posted a 28% rise in its net profit to Rs. 588.78 crore in Sept quarter from Rs. 459.56 cr a year ago.

Quarterly Results: Aurobindo Pharma, Amara Raja Batteries, HPCL Ltd, The India Cements Ltd, Tata Motors Ltd and SRF Ltd are some of the companies, among others, that will announce their Q2 earnings on Thursday.

Buzzing Stocks: Anil Ambani-led Reliance Infra has bagged Rs. 1000 cr EPC contract from NIPC for two Kudankulam units in Tamil Nadu.

Arvind Limited, the textile manufacturing company, will demerge and publicly list its branded apparel and engineering Biz to focus better on its core textiles business.

31 Aug Live- Sensex down 71.10 Pts, Nifty lower ahead of Aug F&O expiry

ONGC, Biocon, Tata Motors, Maruti Suzuki, Ajanta Pharma, RIL, Fortis Health are few of the stocks among others to watch out for in today’s trade today, 31 August 2017.

Oil & Natural Gas Corp (ONGC) is about to seek consent of shareholders to raise a debt of Rs 25,000 crore to fund the planned acquisition of Hindustan Petroleum (HPCL). ONGC has endorsed raising the debt and would take the proposal to shareholders soon.

India’s major auto players Tata Motors and Maruti Suzuki look forward to a slump in demand after the cabinet has approved an ordinance that will permit the cess on sports utility vehicles (SUVs) and larger passenger cars to be raised at 25% from 15% under the GST regime.

Future and Option (F&O) watch:

Benchmark indices opened on a careful note ahead of the expiry of August (F&O). With a single session left in August series, market rollovers moved to 53 percent compared to average roll-overs of 57 percent for last three series. Market wide F&O open interest is Rs 1.36-lakh cr. approx, as compared to Rs 1.40 lakh crore on the D-1 of July expiry.

Live market: Benchmark indices in the meantime are trading with weak note while broader market indices carry on trading in positive terrain. At 10.25 am, the BSE Sensex was trading at 31,596 down 50 points, while Nifty ws trading at 9874 down 10 points.