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.

Best Stocks of Vedanta, IDBI Bank, Bajaj Finance, SAIL will be in focus today

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Sensex, Nifty are likely to open higher on Friday as Asian shares slipped after North Korea shoot another missile over Japan into the Pacific Ocean today. The Indian rupee on was trading little changed against the US dollar in today’s opening trade.

These stocks will be in focus today:

Metals and mining company Vedanta Ltd has said the State Pollution Control Board Odisha, has directed it to temporarily close five units of its power plants which may have an impact on the cost of production of the aluminium.

IDBI Bank has said that the bank has sold 12.5 lakh equity shares in Clearing Corporation of India for an undisclosed amount.

Bajaj Finance Ltd has allocated 2.6 crore shares to qualified institutional buyers bringing back over Rs 5044 crore.

SAIL India has reported an 18% surged in sales during August over the corresponding month last year.

IPO Watch: ICICI Lombard General Insurance has raised Rs 1625 crore from anchor investors ahead of its IPO sale opening today. It would allot shares to 64 anchor investors at Rs 661 per share.

07 Sept-Top stocks View on Thursday, Sensex off early high

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Sensex, Nifty opened higher on Thursday aligned with the last closing session. The Indian rupee made stronger against the US dollar. ICICI Bank, Coal India, Adani Ports rose, while HDFC bank and NTPC fell.

Some top stocks, among others, that are likely to be in limelight in today’s trading session are as follows: 

Reliance Industries Ltd has acquired Kemrock Industries and Exports after the lenders of Kemrock put up the company and its assets up on the block, RIL said in a statement.

Eicher Motors rose 2.1 percent to Rs. 32,700 after reports that the maker of Royal Enfield motorbikes is eying to bid for Italian bike-maker Ducati USD 2 billion. The move will further strengthen its brand equity, portfolio, global reach and access to technology.

HCL Technologies Limited has informed a partnership involving purchase of select assets with Alpha Insight for monitoring operational intelligence and business volume. HCL said that the proposed asset purchase consideration shall be up to 3.25 million euro, including payments subject to certain financial milestones. 

The IPO of ICICI Lombard General Insurance got an approval and it will open the offer from 15 to 19 September.