03 Nov Sensex Nifty little high in early trade, Stocks in Focus Today

stock market high Sensex, Nifty drifted little high in early trade led by gains with the NSE Nifty rising 10.30 points or 0.10% at 10,434.10 while BSE Sensex gained 33.76 points or 0.10% to start at 33,608.98 at 10.25 am today, 3 Nov. 2017.

Bharti Airtel Ltd shares were the lead gainer on both Sensex and Nifty, jumped 3.97% to hit a fresh ten-year high of Rs. 564.8 subsequent on the Bharti Telecom acquired 4.62% stake in Bharti Airtel in a block deal.

Stock News: Punjab National Bank, Hindalco, Tata Power, Titan Watch Company and UCO Bank are among the companies that will be announcing their Q2 earnings today.

Shares of Vedanta Ltd hit a fresh 52-week high, rising its shares by 1.64% to Rs 346.4 on NSE after the company reported a 43% growth in consolidated net profit at Rs 2,036 crore for the Q2 Fy17 led by higher production and strong commodity prices.

Punjab National Bank reportedly has given its approval for partial stake sale in arm PNB Housing Finance and entire stake sale in Principal PNB AMC.

AU Small Finance Bank has got sanction from RBI to operate as Scheduled Commercial Bank. Its name has already been enrolled in the Second Schedule of RBI Act, 1934. 

Dr Reddy’s Laboratories has announced that it has launched generic Azacitidine for injection, a cancer treatment drug, in the markets at Canada.

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nifty touched high The benchmark BSE Sensex opened higher on Tuesday by 142 points to 32,648.77, while the NSE Nifty gained 46.50 points to 10,231.35 at 10.35 am. The Indian rupee rose marginally against the USD. The shares of ONGC, HUL, and NTPC rose, while the shares of Mahindra & Mahindra and Sun Pharma fell during the day.

Major stock news today:

Indiabulls Housing Finance Ltd (IBHFL) consolidated net profit rose 25.82 percent to Rs 861.06 crore on 16.26 percent growth in total revenue to Rs 3,342.48 crore in Q2 Sept on Y-O-Y. Further, the company has approved the proposal of issuing secured and unsecured NCDs, upto Rs 25000 crore and Rs 3000 crore, on PP basis. It has declared an interim dividend of Rs. 9.00 / share for fiscal 2018.

Infosys Ltd, Asian Paints, ICICI Prudential Life Insurance, HDFC Bank, Ambuja Cements, Zee Entertainment and ABB India Ltd will announce July-Sept 2017 quarterly results today, 24 October 2017 and their stocks are expected to without today.

Reliance Communications (RCom) has announced that it has received the DoT approval for the
demerger of the wireless business of SSTL (Sistema Shyam Tele-services) into RCom. With this development, the later will acquire 2 million customers approx, and additional annual revenues of about Rs 700 crore.

Cochin Shipyard stocks will be watched out as the Ministry of Shipping, Govt of India had approved formation of JV Company between Cochin Shipyard and Hooghly Dock & Port Engineers, aiming for modernization of shipbuilding infrastructure setup.

28 Sept Thursday Stock Market watch, Best Investment Advisory Company

At 11 AM Thursday, the BSE Sensex is trading at 31,264 levels up by 104 points, while Nifty is trading at 9,756 levels up by 20 points. A total of 8 stocks clocked a fresh 52-week high in trade, while 49 stocks registered a new 52-week low on the NSE.

Stock in News today: State-owned electric utilities major. Power Grid Coprn of India Ltd announced that it started commercial operations of Pole-II of the Champa-Kurukshetra HVDC Terminal in Chhattisgarh from 16 Sept, 2017. All assets under the WR-NR HVDC r for IPP projects in Chhattisgarh have been commissioned.

Reliance Industries (RIL) has said that its telecom unit, Reliance Jio and Roy Kapur Films (RKF), tied up wherein original digital video content for the Jio platform will be, developed, commissioned and creatively produced by Roy Kapur Films.

GE Power India has announced, that it has bagged an order worth Rs 328 crore from Doosan Power India, for supplying 4 units of 660 MW electrostatic precipitation (ESP) for the super critical power projects of U.P Government.

APL Apollo Tubes has entered into a JV with Singapore-based One-to-One Holdings, for manufacturing of in-line galvanised tubes. The announcement was made on 27 Sept 2017.

Stocks to look out for on Tuesday, Best Investment Advisory Company In India

stock technical chart

The key benchmark indices extend losses in opening trade on Tuesday on global uncertainties.  Market made a passive start on Tuesday, in line with a slow Asian opening, as North Korea tensions made investors cautious. FMCG, banking and PSU banking were in the red, losing by up to 0.32 percent. The Indian rupee weakened by 18 paise 65.28 against the Us dollar in early trade.

Following are a few important stocks to watch out for on Tuesday:

Shares of Godrej Industries in focus as Godrej Agrovet sets IPO price band between Rs.450 to 460 share apiece.

GAIL India reportedly plans to set up petro-chemical complex in Andhra Pradesh, while Aditya Birla Capital gets in-principle approval from RBI to establish an ARC.

HPCL shares is in limelight as  ONGC will acquire the govt’s 51.11% stake in HPCL via a bulk or block deal in November or December at the current market price.

Indian Oil Corp has cleared Rs 27,000 crore refinery of its Chennai Petroleum unit, while Chennai Petroleum is going to establish new 9 million metric tonnes per year, refinery at Nagapattinam.

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share market today

Key benchmark indices opened higher in early trade, Wednesday against the previous day’s closing. The Indian rupee made stronger marginally against the USD. The shares of M&M, Adani Ports and Reliance Industries rose, whereas the shares of Tata Motors and Bharti Airtel fell in the morning hours.

The US Fed Reserve’s 2-day policy meeting will conclude later today. The US central bank is supposed to announce details of its plan to start shrinking the USD 4.5 trillion balance sheet.

Tata Steel has inked MoU for a 50-50 European steel Joint Venture. Its stock rose 1 percent in the morning. Tata Sons has raised stakes in its group firms such as Tata Motors, Tata Chemicals, and TGBL,   buying shares worth over Rs 3,200 crore.

Shares of Infosys Ltd rose 0.11 percent at Rs 912.30 after the company announced that Infosys Finacle, a wholly-owned subsidiary of the company announced its partnership with Niki.AI commerce solutions.

The Initial Public Offering (IPO) of SBI Life Insurance Co. Ltd worth Rs 8,400 crore is set to hit the market today, with a price band of Rs 685-700 per share.