Sensex trades above 34,900, Nifty near 10,760, IT stocks rise

stock market upMarket began on a positive note on Tuesday with key indices opening a little higher as good growth in industrial output and a global shares rally picked up investors’ sentiment. The BSE index Sensex was up 69.80 points at 34,913.31 and the NSE Nifty was up 16 points at 10,757.55 in the morning hours.

Shares of prominent companies such as Tata Consultancy services, Infosys Ltd, Wipro Ltd, HCL Tech and Tech Mahindra inched up in the morning trades.

Shares of Federal Bank fell 3.3 percent to Rs. 110.45 after the bank reported higher gross and net slippages.

Shares of HDFC shed over 1 percent on the back of profit booking after the Company’s share jumped over 7 percent intraday to hit an all-time peak with its M-Cap crossing Rs 3.00 lakh crore yesterday .

Shares of Hindustan Unilever Ltd rose about 1.6 percent to a 52-week high of Rs 1,389 in the morning hours.

Shares of TCS, Wipro, Infosys, Bharti Airtel, and HUL were among the top gainers on BSE Sensex while HDFC, Reliance Industries, Tata Steel, Asian Paints and Power Grid fell upto 1.5 percent with HDFC losing the most.

Advantages Of Trading Futures Over Stocks

stock future market Stock Futures are the financial contracts in which the underlying asset is an individual stock. Stock Future contract is the agreement to buy or sell a specific quantity of underlying equity share for a future date at a price agreed upon between the buyer and seller. The contracts posses standardised specifications such as market lot, expiry day, unit of price quotation, method of settlement and so on.

Future contracts are being traded in huge numbers day by day and hence futures are very liquid. The regular presence of buyers and sellers in the future markets make certain market orders can be placed quickly.

A future trader can trade high quantity of the security if he has predicted the market movement suitably and will get multiple profits. The Futures trading has a Profit both in bullish and bearish markets, buy and sell are also equally easy. A trader can make money even when the prices go up or go down, if deals properly. The future trading is always profitable, but the investors have to consider that the risk amount in future trading is higher than the Cash segment, in case the assumption goes wrong.

Elite Investment Advisory, the leading Stock Market Advisory Company provides plenty of stock future tips for traders with proper stop loss. Elite Investment Advisory has been serving its clients satisfactorily for many years now.

Market Morning Update: Stocks to watch out for on November 21

stock market high Morning Update- Sensex and Nifty opened marginally higher on Tuesday following an upsurge in the US markets. At 10.25 a.m., the BSE index Sensex was trading up 129 points at 33,488 levels and the NSE index 50 Nifty was up 36.95 points at 10,335.70. The Indian rupee was being traded at 65.09 against the U.S dollar in early trade.

Stock in Action: Shares of L&T Finance Holdings fell over 3% after 1.9% of the company’s equity shares changed hands in a block deal on the counter. 

CL Educate Limited, Educational support Services Company will release their Q2FY18 results today. The stock will be in focus on November 21, 2017. 

ANBCC (India) Limited has awarded the contract for construction of various Buildings for IIT Bhubaneswar at Bhubaneswar to Simplex Infrastructures Limited for Rs. 524.12 crore. The stock will be in focus on Tuesday.

Sanghvi Movers Limited has informed the Exchange that the credit rating agency ICRA has assigned ICRA to all the facilities of the company.

Lakshmi Vilas Bank has announced that its Q2 results on Monday, posting an increase of 14% in its income for the corresponding period, while, its net profit reduced to Rs. 76 core in Q2FY17 against Rs. 125 crore in Q2FY17 on the back of higher provisions.

Stocks in focus today: HDFC, Bajaj Finance, HCL Technologies, ICICI Bank

best stock tips

Markets are open lower on Wednesday tracking weaker Asian stocks. The rupee opened lower against the USD. The shares HUL, NTPC and Asian Paints rose, while HDFC Bank, Sun Pharma and Adani Ports fell in the morning hours. Shares of Just Dial gains 5 perpcent after HDFC Mutual Fund a 4.6 percent stake, in the company at Rs. 375.00 per share on Tuesday, as per data with NSE.

Some of the major stocks will be in public attention today:-

HDFC lender today raises Rs 2000 crore by issuing bonds on PP basis to expand its long-term capital.

Bajaj Finance has authorized the QIP of equity shares. It has set a floor price regarding the QIP at Rs 1,771.9 per equity share. Bajaj Finance’s shares hit a day’s high of Rs 1814 before closing down 0.64 percent at Rs 1,787.5 today.

Shares of ICICI Bank will be in focus since ICICI Lombard General Insurance has got Sebi’s go-ahead for its estimated Rs 6,000 crore IPO.

HCL Technologies has said that the company has agreed to buy UK-based ETL Factory, doing business as Datawave, for 7 million pounds, while Dixon Technologies’ pubic offer is scheduled to open today.