Sensex up 114 points, Nifty above 10,720 mark; TCS, Infosys rose

stock market high Key Indices after opening in a flat note in the morning due to weak Asian cues. However, Sensex and Nifty erased their early losses and were trading in the green. The BSE Sensex was up 79.02 points or 0.23 per cent at 34,850.07 and the Nifty was up 10.4 points or 0.1 per cent at 10,710.85 in later hours.

The Sensex helped by a surge in prices of Infosys and TCS which were up by more than 2 percent each. Shares of ICICI Bank, HDFC Bank and Dr Reddy’s Lab were up by more than 1 percent each. Asian Paints, Coal India, Power Grid shares were among the top losers in the Sensex.

GAIL India, Zee Entertainment and Wipro shares registered gains in the Nifty, whereas shares of Kotak Mahindra Bank and Ambuja Cement posted declines. GAIL India’s stock was up over 1% as the company and Russia’s Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact.

Shares of Sun Pharma rose over 1 percent to Rs. 583 after the company announced that it got license to sell the generic version of Linzess in US.

Shares of IPCA Laboratories Limited rose over 1 percent to Rs. 580.50 after the company said it acquired Pisgah Labs in US for USD 9.65 million.

Sensex opens higher for 6th straight day, shares of coal India rise

Sensex Nifty up Benchmark indices gained in the Wednesday morning trade for the sixth consecutive day with Sensex and Nifty hitting all-new lifetime highs led by domestic institutional investors buying ahead of Q3 earnings by blue chips. BSE Sensex traded up by 18.87 points to 34,462, while the NSE Nifty edged down 1.35 points to close at 10,638.35 in the later morning hours.

Shares of Coal India, ONGC, Bharti Airtel, Sun Pharma, ITC and Reliance Industries were the top gainers among the Sensex stocks.

Shares of Coal India Ltd rose over 1 percent extending Tuesday’s gain after the company hiked non-coking coal prices.

Other stocks which also spiked in the opening trades include ONGC, Sun Pharma, Bharti Airtel, Reliance, Adani Ports whereas Asian Paints, Wipro, Tata Steel, IndusInd Bank and HDFC lost up to 1 percent.

Shares of Infosys Limited rose 0.8 percent after the company said it has signed a pact with the U.S Internal Revenue Services.

Among the sectoral indices of NSE, 6 indices out of 11 were trading in green with Nifty Pharma and Nifty Realty index leading the charge while Nifty Auto and Nifty Bank shed up to 0.3 percent.

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).

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.