Stock in News today 7th November 2017, Best Intraday Advisory Company

stock market down Indian stock markets opened a little bit higher on Tuesday following the cues of higher US markets. Later the indices slowly turned flat At 10.35 am, the BSE Sensex is trading at 33,664 levels, down by 66 points, while NSE Nifty is trading at 10,426 levels down by 25 points. Except the FMCG and IT index all the other sectoral indices are in the red. The Indian rupee is trading at 64.73 to the U.S Dollar in the morning hours.

Stock Focus today:-
GlaxoSmithKline, Cipla, Bharat Heavy Electrical Ltd, Future Retail Ltd, VIP Industries Ltd, Jyothy Lab Ltd and Thermax are some of the companies that will release their Q2 earnings on Tuesday, 7 Nov 2017.

Muthoot Capital Service Ltd launched Qualified Institutional Placement to raise Rs 200 crore. The Price band is fixed at Rs 601-610 per share.

Everstone Group has agreed to acquire Kenstar, air conditioners and home appliances, from Century Appliances Ltd, an associate of the Videocon Group.

Tata Chemicals Limited sells its non-bulk phosphates business to IRC Agro-chemicals for Rs. 375 cr, which involves sale of the fertilizer biz, the assets attached to it as well as the company’s Haldia plant.

Just Dial’s net profit rose 26.47% to Rs 37.46 crore on 3.97% rise in total income to Rs 214.52 crore in Sept 2017 year on year.

Bank of Maharashtra reviewed its marginal cost of funds based lending rates (MCLR) with effect from 7 November 2017.

01 Nov Wednesday Sensex rises above 33,500, Nifty crosses 10,400

stock market high Stock markets are open higher led by India’s ‘Ease of doing Business’ ranking in the World Bank’s report. At 10.15 am the Nifty 50 rose 99.15 points to a fresh record high of 10,434, while the BSE Sensex also hit a lifetime high of 33,589.82 by 376.69 points on Wednesday. The Indian rupee opened at 6-week high v/s dollar.

Shares of Tech Mahindra and Hero MotoCorp will be in watch out today ahead of their Q2 earnings. The other corporates which are also scheduled to state their Q-2 profits includes Apollo Tyres Ltd, Greaves Cotton Ltd, Godrej Consumer Products, Hexaware, JSW Energy, Shriram Transport Finance, Max India Ltd, Tourism Finance Cropn and TVS Motors Ltd.

Inter Globe Aviation Limited’s stock rose 2.2% to Rs. 1271.35 after the company has reported a 294% increase in net profit to Rs. 551.55 crore

Stocks of Syndicate Bank rose 10% to Rs. 90.65 after the bank unveiled a net profit of Rs.105.24 crore from Rs 82.42 crore a year ago.

India’s ranked in the World Bank ease of doing business survey-2018 making a record 30 to 100 notches, as a range of regulatory policy reforms.