Sensex Nifty Rising Up, Stocks to look out for on November 16

Sensex Nifty up Key benchmark indices opened marginally higher on Thursday with the BSE Sensex rising over 183 points at 32944 levels, while the NSE Nifty 50 rose 45 points to 10,163 levels at 10.30 am today. The shares of Tata Motors, Reliance Industries Ltd, and L&T rose in the morning hours, whereas the shares of Coal India and Adani Ports fell. Reliance group shares fell, which includes Reliance Communications, Reliance Naval & Engineering, and Reliance Capital.

Stocks to look out: 5Paisa Capital will make its debut on the Exchange on November 16.  5Paisa Capital is an online financial service provider company is belonging to IIFL Group.  It is expected the company to list between Rs 180 and Rs 200 per share, which will value it at Rs 250 cr, approx. IIFL’s Mcap was Rs 19,000 crore on Tuesday. 

FMCG stocks are in focus as no GST will be levied on advances taken by FMCG companies from dealers before supply of goods. 

Gujarat State Finance Corpn Limited will be announcing its Q2 results for FY18 on today, and the stock will be watched out.  

Royal Orchid Hotels Limited has announced that it will be launching a new Royal Orchid hotel in Kanpur; and its stock will be watched out today.

RBL Bank Limited has informed the Exchanges on Wednesday that it has acquired additional 2.08%stake in Swadhaar FinServe Private Limited, whereby increased its shareholding in Swadhaar to 60.48%. The stock will be in focus today.

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.

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 Weekly Review: Market logs strong gains through the week

stock market weekly reports

Weekly Update- Indian stocks logged strong gains in the week ended Friday, 15 Sept 2017 led by gains in pharma and auto stocks. The BSE Small-Cap and BSE Mid-Cap indices outperformed the Sensex during the week. While the BSE MidCap advanced 217.99 points or 1.38% to settle at 15,972.74, the SmallCap index gained 362.56 pts or 2.22% to settle at 16,687.76.

In the week ended the Sensex rose 585.09 pts or 1.85 percent to settle at 32,272.61. The NSE Nifty index rose 150.60 points or 1.52 percent to settle at 10,085.40.

All through the previous five days, the Sensex had gained 524.44 points on solid global cues on receding concerns on North Korea and sustained buying by domestic investors.

On the macro front, the yearly rate of inflation, based on monthly WPI, figured provisionally at 3.24% for August 2017, corresponding to 1.88% in July 2017 and 1.09% in August 2016, as per data which was announced on Friday, 14 Sept 2017.

The price of Oil soared to their highest weekly rise since on higher demand forecasts and the recommence of refineries in US. The OPEC this week predicted higher demand for its oil in 2018 and pointed to cues of a tighter global market.

Best Stocks of Vedanta, IDBI Bank, Bajaj Finance, SAIL will be in focus today

best stock tips

Sensex, Nifty are likely to open higher on Friday as Asian shares slipped after North Korea shoot another missile over Japan into the Pacific Ocean today. The Indian rupee on was trading little changed against the US dollar in today’s opening trade.

These stocks will be in focus today:

Metals and mining company Vedanta Ltd has said the State Pollution Control Board Odisha, has directed it to temporarily close five units of its power plants which may have an impact on the cost of production of the aluminium.

IDBI Bank has said that the bank has sold 12.5 lakh equity shares in Clearing Corporation of India for an undisclosed amount.

Bajaj Finance Ltd has allocated 2.6 crore shares to qualified institutional buyers bringing back over Rs 5044 crore.

SAIL India has reported an 18% surged in sales during August over the corresponding month last year.

IPO Watch: ICICI Lombard General Insurance has raised Rs 1625 crore from anchor investors ahead of its IPO sale opening today. It would allot shares to 64 anchor investors at Rs 661 per share.