Sensex, Nifty trade higher, auto Stocks and banking stocks fall

Stock trading tips Sensex and Nifty were trading higher in early trade, tracking positive signs from Asian markets and continued rally in metal stocks. The BSE Sensex was up 42.12 points or 0.12% at 33,835.50. The NSE Nifty-50 index was up 13.60 points or 0.13% at 10,456.50 in the late morning hours. Shares of ONGC, Dr. Reddy’s and IndusInd Bank rose, whereas shares of ICICI Bank, Tata Motors and Yes Bank fell. 

Metal stocks keep on gaining on the back of growing global commodity prices. The Nifty Metal Index rose 0.5 percent in early trade, led by more than one percent gains in shares of Vedanta Ltd and Welspun Corp.

Tata Motors fell 1.1% to Rs.252 after the company announced its US JLR sales fell 9.4 percent to 11,394 units. Shares of Oil & Natural Gas rose 1.3 percent to Rs. 196.15 after international crude oil prices hit a 3-year high.

In Nifty-50 index, shares of Asian Paints and ONGC rose 1.5%, each, Dr. Reddy’s rose 1.2% and Coal India up 1% as the top gainers while Shares of Tata Motors fell 1.4%, HCL Tech slipped 1.06%, ICICI Bank down 0.86%, Yes Bank down 0.55% and Sun Pharma lose 0.41% as the top losers in today’s trade.

Sensex rises record high in early trade, RCom shares spikes

Sensex Nifty up Key benchmark indices extended gains after markets opened even with Sensex picking on with a little up move. BSE Sensex gained 74.89 points to open at 34,085.50 while NSE Nifty started a little move by 6.10% at 10,537.60.

Shares of Reliance communication (RCom) kept gains after an enormous surge in the stock prices on Tuesday, when Anil Ambani announced the total debt of the company would be reduced by Rs 39,000 cr.

Shares of RIL, Yes Bank, Sun Pharma contributed the most to the Sensex gains. Sectorally, Nifty pharma and Nifty Realty leading the charge while Nifty banking sector shed up to 0.24%.
Shares of Yes Bank, Sun Pharma, ONGC, HUL, Dr Reddy’s, RIL, Tata Steel, Maruti Suzuki, and NTPC come out as the top gainers on Sensex while Wipro, ICICI Bank, Coal India and Asian Paints were losers.

Oil Company shares such as Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation fell nearly 1 percent each in early trade owing to a surge in crude prices globally, on Tuesday.

23 Nov Sensex Nifty trade flat, Top Stocks Watch today and Trading news

stock market up Stock markets have opened the on Thursday on a flattish note against the previous day’s closing. At 10.40 am, the BSE Sensex is trading up by 18.70 points at 33,580.25 while the NSE Nifty is trading up by 9.75 points at 10,352.05. The stocks of Bharti Airtel, Lupin and Sun Pharma rose, while the stocks of Asian Paints and Dr. Reddy’s fell in the morning hours.

Stock watch out during trade on Thursday, based on recent & latest news developments:-
Coal stocks will be in focus as the Supreme Court on Wednesday refused to modify the Centre’s notification banning the use of furnace oil & pet coke in UP, Rajasthan and Haryana and asked the NTPC to approach the govt.

Thomas Cook India Ltd, the Tour operator company, has got board approval to divest a 5.42% stake in its subsidiary Quess Corp, which would bring down its shareholding to 51.56% and propose to raise over RS 600 crore through OFS route.

Tata Teleservices Limited has started shifting its customers to the network of Bharti Airtel Ltd under an intra-circle roaming agreement. The first set of customers being moved to Airtel’s network is from U.P (West), Bihar and West Bengal. 

Inter Globe Aviation: IndiGo, is keenly consider alternate plans to induct at least 50 wide-bodied planes for overseas flights.

FMCG major Godrej Consumer Products Ltd has trimmed prices of its various products in the range of 7 to 10 percent to pass on benefits of the recent GST rate reduction.

Market Morning Update: Stocks to watch out for on November 21

stock market high Morning Update- Sensex and Nifty opened marginally higher on Tuesday following an upsurge in the US markets. At 10.25 a.m., the BSE index Sensex was trading up 129 points at 33,488 levels and the NSE index 50 Nifty was up 36.95 points at 10,335.70. The Indian rupee was being traded at 65.09 against the U.S dollar in early trade.

Stock in Action: Shares of L&T Finance Holdings fell over 3% after 1.9% of the company’s equity shares changed hands in a block deal on the counter. 

CL Educate Limited, Educational support Services Company will release their Q2FY18 results today. The stock will be in focus on November 21, 2017. 

ANBCC (India) Limited has awarded the contract for construction of various Buildings for IIT Bhubaneswar at Bhubaneswar to Simplex Infrastructures Limited for Rs. 524.12 crore. The stock will be in focus on Tuesday.

Sanghvi Movers Limited has informed the Exchange that the credit rating agency ICRA has assigned ICRA to all the facilities of the company.

Lakshmi Vilas Bank has announced that its Q2 results on Monday, posting an increase of 14% in its income for the corresponding period, while, its net profit reduced to Rs. 76 core in Q2FY17 against Rs. 125 crore in Q2FY17 on the back of higher provisions.