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.

Weekly recaps of Stock: Markets settled higher on GST respite

stock market weekly report Stock Markets settled higher on GST relief on Friday, but post weekly loss to some extent. Nifty registered marginal profit taking and lost over 1% in the passing week. The Bank Nifty index has been consolidating in a narrow range close to its record high, while Nifty IT index surpassed the benchmark index and spurted strongly in the passing week.

The key benchmark Sensex & Nifty overcame a spell of the extreme end volatility to close with modest gains today as investor sentiment got a lift after the GST Council trimmed tax rates on a wide range of items.

The BSE Sensex, after a start at 33,235 levels, rebounded to the day’s high of 33,380.42 in the late afternoon trade of the week ended Friday, but lost some ground to end at 33,314.56, up 63.63 points, or 0.19%, from its earlier close. The NSE Nifty 50 index, after moving between 10,254.10 and 10,344.95, finally ended 12.80 points, or 0.12%, higher at 10,321.75. For the week, Sensex index fell by 371 pts, whereas the Nifty lost 130.75 pts.

The GST Council on Friday provided release to several sectors by reducing tax rates an array of consumer items to 18% from current 28% and cut rates on 177 goods.

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.

Major Stocks in Focus on Monday 23 Oct 2017, Top Investment Advisory Company

stock market high Live Market- Sensex, Nifty opened higher on Monday after sinking more than half a percent in the trading session of Muhurat Trading on Friday. BSE Sensex on Monday late morning gained 93.81 points at 32,483.77 points and Nifty added 38.30 points to start at 10,184.85 points.  The value buying in the stocks of Reliance Industries Ltd, ICICI Bank, and TCS Ltd led the key indices in green.

Here is the list of some top Stocks in Focus:
Indian Energy Exchange (IEX) to debut on the secondary equity market today, with Issue price Rs 1650 per share. Issue was subscribed 2.3 times.

HCL Info systems announced that the company will raise Rs 499.09 crore from its existing share holders by way of rights issue. The total number of equity shares to be issued is 10.61 crore.

South Indian Bank stated that the Central Bank of UAE has given nods to open a representative office of the South Indian Bank in Dubai, U.A.E. 

Hindustan Zinc Limited and Indiabulls Housing Finance Limited will announce July-Sept 2017 quarterly results today, 23 October 2017.

Tata Tele Services (Maharastra) has approved rising up to Rs 20,000 Crore via securities.
Dr. Reddy’s Laboratories  recalls Famotidine tablets from the U.S. market, while Granules India obtains USFDA approval for Prasugrel tablet.

Ramco Systems Ltd has stated that it has established a wholly-owned subsidiary in Indonesia under the name PT Ramco Systems, Indonesia. It is the Ramco’s 6th subsidiary in Asia and 24th office, worldwide.