Sensex and Nifty peak fresh record high, Idea Cellular gains

stock market trading up Share markets opened marginally higher on Friday on positive economic cues. The BSE Sensex was up 170.16 points or 0.50% at 34,139.80. The NSE Nifty-50 index was up 46.25 points or 0.44% at 10,551.05 in the later morning hours.

Shares Idea Cellular limited rose on the back of fundraising plans that involves raising Rs 3250 crore by selling shares on a preferential basis.

Shares of Maruti Suzuki, Yes Bank, Adani Ports, TCS, Tata Steel, Bharti Airtel gained up to 2.25% and were among the top gainers of Sensex stocks. The heavyweight shares such as TCS, Infosys, Maruti Suzuki, HDFC Bank, ITC, L&T, Yes Bank, HDFC, and contributed the most to the Sensex upsurge.

The Nifty Metal Index rose higher, led by gains in shares of Hindalco Industries and Vedanta, over 1 percent, tracking the overnight rise in global metal prices.

The Indian rupee gained more strength, ending at a fresh 2½ year high against the US dollar on Thursday. The rupee opened down by 5 paise at 63.58, but very swiftly pared the morning losses and added 16 paise to hit a day’s high of 63.37 vs the US dollar.

Sensex rises 143 points, Nifty near 10,500, RIL, SBI, ICICI Bank top gainers

stock trading tips India’s share markets extended gains to open higher on Wednesday on positive global cues, with Sensex & Nifty inching up by 0.3 percent.

The BSE Sensex was trading 143 points at a high of 33,955.21 and NSE Nifty added 51.65 points to mark the day’s high at 10,493.85.

Shares of Reliance Industries, Adani Ports, Bharti Airtel, ICICI Bank, SBI, Yes Bank, HUL,  Tata Steel were the major gainers among the Sensex stocks while Infosys, Dr Reddy’s, HDFC Bank, ONGC, Asian Paints, Tata Motors slipped upto 2 percent. The heavyweight stocks such as Reliance Industries, ICICI Bank, TCS, ITC, SBI, Larsen and Toubro contributed the most to the Sensex gains.

Metal stocks continued to keep up momentum on the back of rising global commodity prices. The Nifty Metal index advanced 0.8 percent in early trade, led by over 1 percent rise in shares of Vedanta Limited and Tata Steel Limited.

Meanwhile, the Indian rupee rose the 4-day rising streak on Wednesday. The domestic currency made a top of 63.50 per US dollar on Wednesday, and was trading down 2 paise at 63.50 against the US dollar.

January 02, 2018, Stocks in the news for Tuesday, Eicher, Idea Cellular, JMFL

Bombay Stock Exchange The following companies ‘stocks will be in focus during trade today based on latest stock in news and developments:
Eicher: Eicher Motors Limited’s stock will be in focus today as Royal Enfield’s December sales up 17 percent at 66968 units against 57398 units. Total exports up 48 percent at 1,601 units against 1082 units, year-0n-year.

Thermax:: Thermax Limited bags Rs. 327 crore order from a public-sector company based in Western India for a Boiler Turbine Generator package on EPC basis.

IdeaCellular:: Idea Cellular Limited is set to consider a fund raising proposal on Thursday, January 4, 2018

JMFL:: JM Financial Limited seeks shareholder’s approval to raise Rs. 650 crore.

Prestige Estates:: Prestige Estates Projects Limited to buy Capitaland’s stake in different companies for Rs.342.00 crore.
GAIL: GAIL India Limited commissions India’s second largest roof-top solar PV at Patna, (UP).

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.