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.

11 Sept Monday News- Stocks of Auto companies rise post GST council meet

auto share high

Shares of auto firms were trading higher in early trade, Monday, due to Indian car companies sounded relieved after the GST Council has raised the vehicle cess on Saturday, by less than the maximum possible, though luxury auto companies were more cautious in their assessment of the new rates. 

In the early hours today, the Nifty Auto index was trading 0.62% up at 10,846 while Tata Motors DVR was up 1.24%, Mahindra & Mahindra (M&M) was up 0.86% and Maruti Suzuki BSE 1.03 % rose 0.72%. 

The GST Council meet held on Saturday left untouched the rates on small cars and hybrid vehicles. But mid-sized cars attract a cess i.e, 2% points higher.

Meantime, M&M, Motor India Ltd, Toyota Kirloskar Audi India, Jaguar Land Rover and Mercedes-Benz are planning to pass on the increased cess to buyers, 

At 10.20 am, the BSE Sensex is trading at 31,846 up 158 points, while Nifty is trading at 9,983 up 48 points. A total of 55 stocks clocked a fresh 52-week high in trade today, while 11 stocks registered a new 52-week low on the NSE.