Monday Market View- Sensex Opens on a Strong Note, Stock Intraday trading tips

Indian stock markets have opened on Monday day in green note. At 10.35 am, the BSE Sensex is trading higher by 199 points at 32,461.58 and NSE Nifty is trading higher by 72 points at 10,157.60. Gains are mainly seen in capital goods stocks, auto stocks and energy stocks. The Indian rupee is trading at Rs 64.07 against the US dollar.

Share price of Bharat Petroleum Corpn (BPCL) opened the trading day on an cheering note up 1.2% after the company was reported that it is in discussions with the country’s largest natural gas transporter GAIL (India) to acquire the govt’s majority stake in it for Rs 180 to 200 billion.

Here is a list of some of the important stocks that are likely to be in focus today:

Steel Authority of India (SAIL) said the company has supplied 80% steel required for the construction of Sardar Sarovar Project, inaugurated by PM Narendra Modi.

Oil marketer Hindustan Petroleum (HPCL) has drawn up investment plans of Rs 7110.00 crore for business expansion in the current financial year. The company merges with ONGC, also planned capex of Rs 61,000 crore for capacity growth over the next five years.

ITC Ltd plans to open 40 new hotels, adding about 5,000 rooms over a period of time, as part of the strategy to make stronger its hospitality business.

L&T gains 5% on hopes of winning defence contracts of Rs 40,000 cr

L&T infotech

The stock of Larsen and Toubro (L&T) was registering an upward momentum on the exchanges today’s’ trade since the stock surged over 4 percent amid high volume trading. The company is hopeful of bagging some six defence contracts amounting to Rs 40,000 crore. L&T stock gained 4.83% to Rs 1,181 in intraday trade on the BSE. The stock was the top gainer on both Sensex & Nifty.

The counter has witnessed huge trading activities with a combined 2.9 million shares exchanging hands on both Exchanges so far. On an average a combined 1.3 million shares were traded daily in the past fourteen days on BSE & NSE. 

The stock attracted a volume of 30,20,232 shares and traded value of Rs. 35,190.23 lakh on the NSE. L&T had hit its 52-week high value of Rs 1,222.63 on May 30, 2017, and 52-week low of Rs 863.40 on Nov 9, 2016, on the NSE.