Sensex and Nifty peak fresh record high, Idea Cellular gains

stock market trading up Share markets opened marginally higher on Friday on positive economic cues. The BSE Sensex was up 170.16 points or 0.50% at 34,139.80. The NSE Nifty-50 index was up 46.25 points or 0.44% at 10,551.05 in the later morning hours.

Shares Idea Cellular limited rose on the back of fundraising plans that involves raising Rs 3250 crore by selling shares on a preferential basis.

Shares of Maruti Suzuki, Yes Bank, Adani Ports, TCS, Tata Steel, Bharti Airtel gained up to 2.25% and were among the top gainers of Sensex stocks. The heavyweight shares such as TCS, Infosys, Maruti Suzuki, HDFC Bank, ITC, L&T, Yes Bank, HDFC, and contributed the most to the Sensex upsurge.

The Nifty Metal Index rose higher, led by gains in shares of Hindalco Industries and Vedanta, over 1 percent, tracking the overnight rise in global metal prices.

The Indian rupee gained more strength, ending at a fresh 2½ year high against the US dollar on Thursday. The rupee opened down by 5 paise at 63.58, but very swiftly pared the morning losses and added 16 paise to hit a day’s high of 63.37 vs the US dollar.

January 02, 2018, Stocks in the news for Tuesday, Eicher, Idea Cellular, JMFL

Bombay Stock Exchange The following companies ‘stocks will be in focus during trade today based on latest stock in news and developments:
Eicher: Eicher Motors Limited’s stock will be in focus today as Royal Enfield’s December sales up 17 percent at 66968 units against 57398 units. Total exports up 48 percent at 1,601 units against 1082 units, year-0n-year.

Thermax:: Thermax Limited bags Rs. 327 crore order from a public-sector company based in Western India for a Boiler Turbine Generator package on EPC basis.

IdeaCellular:: Idea Cellular Limited is set to consider a fund raising proposal on Thursday, January 4, 2018

JMFL:: JM Financial Limited seeks shareholder’s approval to raise Rs. 650 crore.

Prestige Estates:: Prestige Estates Projects Limited to buy Capitaland’s stake in different companies for Rs.342.00 crore.
GAIL: GAIL India Limited commissions India’s second largest roof-top solar PV at Patna, (UP).

Investment Advisory, Stock Indices open flat, PSU banks rise, IT companies slip

happy new year Sensex, Nifty started the New Year 2018 on a subdued note, opening flat due to lack of major triggers in the morning session. The BSE Sensex was trading at 34,085, up 28.59 points, while the Nifty 50 was ruling at 10,534.55, up 3.85 points in later morning hours. The BSE Midcap & Small-cap indices were up 0.4% and 0.5%, respectively.

Shares of I.T companies pressured to profit booking, as the Nifty IT index slipped 0.5 percent in early trade, led by near 1 percent losses in Tech Mahindra, TCS and Wipro stocks.

Shares of IndiaBulls Housing Finance rose 3%, SBI rose 0.79%, Indian Oil Corporation rose 0.78%), BPCL rose 0.73% and Airtel gained 0.63% as the top gainers on Nifty50, whereas shares of Infratel, Wipro, TCS, Hindalco and Bajaj Auto were the top losers in today’s trade.

The Nifty PSU Bank index rose 0.4 percent, led by shares of Bank of India, which spiked 4% on Rs22.6-billion capital infusion, while Shares of automobile companies were mostly mixed as the auto sector companies unveil their sales figures of December month, later today.

Sensex, Nifty record highs, RCom shares gain, Investment Advice in Intraday

stock market investment Key indices opened little higher on Friday with Sensex and Nifty nearing their respective all time highs. The BSE Sensex gained 170.69 points to open at 34,018.72 and the NSE Nifty added 45.25 points to open at 10,523.15 in the later morning hours.

Shares of Tata Steel, Power Grid, Larsen & Toubro, Adani Ports, SBI, Sun Pharma, NTPC, Axis Bank were the major gainers, while shares of Wipro, ICICI Bank, and M&M lost up to 0.2% on Friday.

Shares Reliance Communication (RCom) jumped 21% as the company reportedly plans to sell its

wireless infrastructure assets, spectrum, tower etc’to Reliance Jio Infocomm. The stock of RCom has more than tripled in the last one week.

The NSE Nifty Metal Index rose 0.6 percent, tracking higher global commodity prices. All the sectoral indices of NSE were trading in green with Nifty PSU Bank, Nifty Pharma, Nifty FMCG, Nifty Auto leading the charge.

The Indian rupee was trading a bit higher against US at 64.03 per dollar, up 0.08 percent from its Thursday’s close of 64.08.

Sensex, Nifty hit lifetime highs on early trade: Infosys down 1.3%

Sensex Nifty high Live Market- Sensex and Nifty started the holiday-shortened week on a positive note in the opening trade, led by gains in shares of TCS and metal and mining companies. BSE Sensex reached its peak high of 34005.37 and Nifty reached at 10,500 l in early trade. However, in the after hours the indices were trading lower.

The broader markets were also supported by positive footing in shares of GAIL India, Vedanta Ltd, ONGC rising up 0.7 to 1.1%.

Shares of Infosys’ down 1.3%, on Nifty50, while shares of Tata Consultancy Service rose 1.5% in early trade after a report said the company will renew large outsourcing contracts.
The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday against 64.05 on Friday.