Stock Market News- Stocks to Watch out on 22 November 2017

sensex up Key benchmark indices edged higher in early trade on Wednesday, with indices extending fresh gains tracking steadiness in Asian stocks. The stocks of Adani Ports, Mahindra and Mahindra, Bajaj Auto, HDFC rose, while the shares of Dr. Reddy’s and Axis Bank fell in early hours. At 10.35 am, the BSE Sensex traded higher by 38.28 points to 33,514.63, while the NSE Nifty 50 rose 0.65 points to 10,327.55.

Stocks to watch out today: Steel Authority of India’s (SAIL) stock will be watched out as the company is likely to have JV for 1.5 million ton steel plant for production of auto-grade steel with Arcelor Mittal.

Telecom sector stocks will be in limelight as the Telecom Regulator has put forward relaxing spectrum holding limits.

Shares of Reliance Industries Limited is on watch after the global investment banking company Goldman Sachs raised their target price by 26% to Rs 1,205. RIL shares rose by 2% to Rs.939.65, on Tuesday’s closing.

Ajanta Pharma announced that it has got the USFDA approval for the bioequivalent generic version of Kapvay tablets and the same has been launched in US market through its wholly owned subsidiary, Ajanta Pharma USA Inc.

Bank of Baroda has announced that it has approved the proposal of raising additional equity capital aggregating upto Rs 6000 crore by way of rights issue or QIP, depending on applicable statutory approvals.

20 Nov Monday Sensex Nifty down side, Top Stocks Trading News

sensex down The Share markets got off to a muted begin on Monday on weakness in Information Technology stocks and metal stocks after traders took profit amid sluggish global cues.

At 10.30 am, the BSE Sensex fell 16.14 points to 33,326 levels while the NSE Nifty 50 edged down 11.20 points to 10,272.40. Shares of Maruti Suzuki, NTPC, L&T, ONGC, ITC, and Adani Ports gained up to 1.6% in the morning hours while ICICI Bank, Cipla, Infosys and Tata Steel lost up to 1.2% on BSE Sensex.

Stocks of Cadila Healthcare Ltd rose 1.4% to Rs. 452.50 after the company announced that it got US Food & Drug Administration’s final nod for Ethacrynate sodium.

Stocks Housing Development & Infrastructure Ltd rose 3% to Rs. 65.50 after Morgan Stanley bought 29.18 lakh shares or 0.7% equity stake at Rs. 64.26 each on Friday.

Stocks of Wipro Ltd is on watch out as the company starts its buyback of shares from Nov 29, 2017 to Dec 13, 2017. 

Logistics stocks will be in limelight on the Exchanges after the finance ministry has decided to give infrastructure status to the logistic sector.

31 Oct Stock Market News, BUY or SELL, Intraday Nifty Trading Tips

sensex nifty red signal Live Market- Sensex and Nifty are trading in the red following weakness in several sectors. Metal and PSU Bank index lose steam, while Bank stocks trades in green.

Bharti Telecom will acquire 18,47,10,183 equity shares of Bharti Airtel from Indian Continent Investment Limited (ICIL), at price of Rs 417.35 share apiece.

The proposed merger between Infrastructure Development Finance Company (IDFC) and Shriram Group has been sapped on differences over valuation.

Bharti Infratel Ltd has decided to explore and evaluate acquisition of stake in Indus Towers with the aim of making it a subsidiary or wholly-owned subsidiary of the company.

Oriental Bank of Commerce (OBC) to issue tier-I bonds worth 5 billion, with an option for over-subscription of up to 5 billion rupees.

Reliance Communications Ltd has presented a new plan to its lenders, offering controlling stake in the company. The company further has offered to convert debt of up to 71 billion rupees into equity.

18 Aug Top Stock Adviosry Company, Buzzing Stocks, Stocks in news Today

Market Live- Sensex, Nifty are probably to open on a down note on Friday, tracking weak global cues. Sensex was down 0.81% at 31,536.53 and Nifty down 0.67% at 9837.75 till 10.40 am Friday.

Here are a few stocks that are in public attention today:

Infosys: Infosys stock may gain after it announced that it launched a new PlayerZone application and website.

Stocks of Pharma Sector: India govt proposes to permit set prices of only essential drugs. The latest draft proposals recommend amendments to the policy of drug pricing and may remove its absolute power to fix drug prices in the interest of public.

HDFC Life: HDFC to file for its draft Red Herring prospects today. HDFC & Standard Life PLC are to be expected to dilute stake in the ratio of 3:1 via IPO.

Reliance Capital: Reliance Mutual Fund may file draft Red Herring prospects for IPO on Friday. Axis Capital and CLSA are acting as bankers to the IPO.