06 Nov Monday Top Stock in News, Sensex Nifty Intraday low in morning trade

Sensex Nifty down Sensex, Nifty hit fresh intraday low in morning trade on Monday. The Sensex is trading at 33,681 down by 4.56 points whereas Nifty edged down 9,45 points at 10,423 at 10.40 am today.

Stock News: The shares of Reliance Nippon AMC will be listed on the NSE today. The offer had opened for subscription from Oct 25 to 27 in a price band of Rs 247-Rs 252.

Union Bank has reported loss of Rs 1530.72 cr for the Q2FY18, due to its rise in bad loans. It had earlier posted a profit of Rs. 176.67 cr in the July – September of previous fiscal.

Stocks of PNB in under watch as CLSA has maintained `buy’ rating on PNB and raised the target price to Rs 250 from Rs 180.

The Real Estate major DLF Ltds’ stock will be watched out as the CCI has approved Singapore’s sovereign wealth fund GIC’s proposal to acquire a stake in a rental arm of the company for 1.39 billion dollar.

ITC Limited has said that the company intends to invest Rs 10,000 cr to set up food processing facilities across the country and its looking to have around 20 such units pan India.

Hindalco Industries is looking to set up new factories in the US and China to cater to growing auto demand through overseas subsidiary Novelis.

Stocks to look out for on Tuesday, Best Investment Advisory Company In India

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The key benchmark indices extend losses in opening trade on Tuesday on global uncertainties.  Market made a passive start on Tuesday, in line with a slow Asian opening, as North Korea tensions made investors cautious. FMCG, banking and PSU banking were in the red, losing by up to 0.32 percent. The Indian rupee weakened by 18 paise 65.28 against the Us dollar in early trade.

Following are a few important stocks to watch out for on Tuesday:

Shares of Godrej Industries in focus as Godrej Agrovet sets IPO price band between Rs.450 to 460 share apiece.

GAIL India reportedly plans to set up petro-chemical complex in Andhra Pradesh, while Aditya Birla Capital gets in-principle approval from RBI to establish an ARC.

HPCL shares is in limelight as  ONGC will acquire the govt’s 51.11% stake in HPCL via a bulk or block deal in November or December at the current market price.

Indian Oil Corp has cleared Rs 27,000 crore refinery of its Chennai Petroleum unit, while Chennai Petroleum is going to establish new 9 million metric tonnes per year, refinery at Nagapattinam.