20 Sept Best Stock Market Trading Tips By Elite Investment Advisory

 

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Key benchmark indices opened higher in early trade, Wednesday against the previous day’s closing. The Indian rupee made stronger marginally against the USD. The shares of M&M, Adani Ports and Reliance Industries rose, whereas the shares of Tata Motors and Bharti Airtel fell in the morning hours.

The US Fed Reserve’s 2-day policy meeting will conclude later today. The US central bank is supposed to announce details of its plan to start shrinking the USD 4.5 trillion balance sheet.

Tata Steel has inked MoU for a 50-50 European steel Joint Venture. Its stock rose 1 percent in the morning. Tata Sons has raised stakes in its group firms such as Tata Motors, Tata Chemicals, and TGBL,   buying shares worth over Rs 3,200 crore.

Shares of Infosys Ltd rose 0.11 percent at Rs 912.30 after the company announced that Infosys Finacle, a wholly-owned subsidiary of the company announced its partnership with Niki.AI commerce solutions.

The Initial Public Offering (IPO) of SBI Life Insurance Co. Ltd worth Rs 8,400 crore is set to hit the market today, with a price band of Rs 685-700 per share.

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BSE Bonbay

Sensex, Nifty open higher on Wednesday morning hours, against the last session’s closing. The shares of RIL, TCS, Adani Port advanced, while L&T and HDFC shares fall.

Here are a few top stocks that are likely to be in focus today:
Tata Motors shares rises @1.3% to Rs. 392.25 after the company announced its global wholesales up 9% to 94,210 in August, y-o-y.

Jet Airways posted a standalone net profit of Rs 53.50 crore in the April – June quarter, compared to Rs 25.88 crore a year earlier. 

Tata Sons’ holding company Tata Chemicals is buying out Tata Global Beverages in Tata Chemicals for about Rs 1458.55 crore.

Daily stocks on focus the Cabinet Committee on Economic Affairs has approved a Dairy Processing & Infrastructure Dev. Fund with a cost of Rs 10,881 crore for 2017-18 to 2028-29 to heighten the dairy sector. 

ONGC shares are in focus as the Union Cabinet has approved a Rs 3,000 crore project to acquire seismic data for prospecting of oil and natural gas reserves. National oil companies, Oil & Natural Gas Corporation and Oil India Ltd will implement the project. 

At 10.35 AM, the BSE Sensex is trading at 32,231 up 72 points, while NSE Nifty is trading at 10,111 up 19 points. A total of 57 stocks clocked a fresh 52-week high in trade today, while 6 stocks crossed a new 52-week low on the NSE.

Sensex crosses 32,000 mark, A few top stocks that in focus today

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Sensex crosses 32,000 mark; Top stocks in focus
Domestic equity markets open on a positive note on Tuesday, against the previous session’s closing with firm global cues. At 10.40 am BSE Sensex gains 130 points, to 32,012, while the Nifty50 rises 39 points, to 10,045. The Indian rupee opened slightly weak against the USD. The shares of Sun Pharma, Tata Steel and Asian Paints climbed, whereas the shares of ONGC and Coal India fell in the morning hours.

A few top stocks that in focus today:
Godrej Industries gained 3% after its arm Godrej Agrovet got Sebi’s go-ahead to raise an estimated Rs 1,000-1,200 crore through an initial public offering.

Stocks of Tata Steel hit an over Six-year high of Rs 692, up 4.7 percent on BSE today morning after Tata Steel UK announced that the British Steel Pension Scheme has been separated from the company. Tata Steel stock was trading at its highest level since January 2011.

IndiGo’s parent arm Inter-Globe Aviation has announced some of its promoter organisations will offload shares under an IPP (institutional placement) programme in which it is expected fresh issuance of shares.

Share holders of Religare Enterprises have approved a proposal to invest up to Rs 500.00 crore in its arm Religare Capital Markets for repaying debt for Mauritius business, and capital needs of India business. 

Tata Motors would invest Rs 1,500 crore across various segments of freight-haulers to secure its leadership credentials to help recover some of the lost market-share in the past couple of months. 

Stock Market weekly review 4-8 Sept, Top advisory company in India

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Sensex, Nifty posted modest losses in the week ended 8 Sept 2017, as rising geopolitical worries between the US & North Korea diminished sentiments. In the weekend, BSE Sensex closed higher by 25 points, or 0.07%, to 31,688, while the Nifty 50 edged up by 5 points, or 0.05%, to 9,935.

In the past week beginning from August 31, 2017 to September 07, 2017, market was volatile. Weak GDP data, geopolitical worries are some of the key factors that affected the movements of the Indian indices. Sensex ended 68 pts lower, while Nifty managed to close positively, up 12 pts from the last week.

Increasing foreign investors selling due to premium valuation, lackadaisical earnings season and geopolitical worries kept the dictations for the market. Concerns on the North Korea front persisted, however, the good part was inflows by DIIs (Domestic institutional investors) and vigor in the rupee, which offset the downside.

Lack of clarity on the impact of GST in corporate earnings of the companies added to cautiousness. However, for the coming week, the market would keenly watch for the development in global markets. The key data points to be on the lookout are IIP, CPI and WPI.

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.

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

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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.

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The BSE index, Sensex opened higher on Monday against the previous session’s closing. The NSE’s Nifty also rose in the morning hours. The shares of Tata Steel, ICICI Bank, ONGC and rose, while Asian Paint and Infosys fell in morning hours.

Stocks through the news: Infosys Ltd nods share buyback at 24.57 percent premium. The Company has announced buyback of shares worth Rs. 13,000 cr. It will buy back shares totaling up to 4.92% of the paid-up equity capital by way of tender route @ Rs. 1,150 per equity share.

Indian Hotels Co. Ltd plans to raise about Rs. 1,000 cr, through a rights issue to its expansion of fund. Indian Oil Corporation Ltd will invest about Rs. 52000.00 cr, for refinery expansion of the Paradip refinery and establishing a petrochemical complex.

Reliance Communication:  Reportedly, three creditors of RCom and Aircel could challenge the discharge of their right to call for a meeting of by the National Co. Law Appellate Tribunal (NCLAT).

Meantime, Public sector Bank goes on strike on 22 Aug 2017, since the United Forum of Bank Unions have threatened to go on strike against the govt’s proposed consolidation move.