20 Sept Best Stock Market Trading Tips By Elite Investment Advisory

 

share market today

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.

Best Stock Tips: The most active stocks in terms of value Today

stock market higher today

The Sensex and Nifty opened in the positive zone on Tuesday, regaining from the losses of the last session. The toppers in the Sensex pack included Reliance Industries, Asian Paint, Adani Ports, Tata Steel, ONGC, Axis Bank, Dr Reddy’s, Kotak Bank, Maruti, Tata Motors, and L&T, rising up to 1.25%.

Shares of Sun TV followed by Reliance Industries Infosys and YES Bank were trading as the most active stocks in terms of value on NSE in Tuesday’s trade. 

Investors turned to buying in bank, realty and auto stocks. 

Reliance Capital has moved ex-Home Finance business from Tuesday. The stock’s Future and Option contracts have expired on Monday. The stock settled at Rs. 687.40 share apiece at its opening bell on BSE and surged to touch intraday high of Rs. 740 share apiece, up by 7.96 percent within first few minutes’ trade. Reliance Capital share holders will get one free share of Reliance Home Finance as on Sept 6, 2017, for every share held in the company.

At 10 AM, the BSE Sensex is trading at 31,790 up 89 points, while NSE Nifty is trading at 9,940 up 27 points. A total of 58 stocks hit a fresh 52-week high in trade today, while 8 stocks touched a fresh 52-week low on the NSE.

Best stock tips -Stocks today- Pharma stocks lead in the morning trade

Share market tips

Stocks of Pharma companies have been lending support to the in Nifty and Sensex on Friday morning trade, whereas HDFC and TCS shares fell. Nifty Pharma index is at pinnacle among the sectoral indices on NSE. The index is trading at 9083 level, up by 2.53 percent.

Sun Pharma, Aurobindo Pharma, Lupin and Divi’s Lab are also among the gainers in the index trading higher by above 2 percent, while other pharmaceutical stocks such as GlaxoSmith, Glenmark and Cadila are trading higher by above 1 percent.

At 10.20 am The BSE Sensex is trading up by 120.83 points at 31851.32, while the NSE Nifty is trading up by 35 points at 9952.85.