Weekly recaps of Stock: Markets settled higher on GST respite

stock market weekly report Stock Markets settled higher on GST relief on Friday, but post weekly loss to some extent. Nifty registered marginal profit taking and lost over 1% in the passing week. The Bank Nifty index has been consolidating in a narrow range close to its record high, while Nifty IT index surpassed the benchmark index and spurted strongly in the passing week.

The key benchmark Sensex & Nifty overcame a spell of the extreme end volatility to close with modest gains today as investor sentiment got a lift after the GST Council trimmed tax rates on a wide range of items.

The BSE Sensex, after a start at 33,235 levels, rebounded to the day’s high of 33,380.42 in the late afternoon trade of the week ended Friday, but lost some ground to end at 33,314.56, up 63.63 points, or 0.19%, from its earlier close. The NSE Nifty 50 index, after moving between 10,254.10 and 10,344.95, finally ended 12.80 points, or 0.12%, higher at 10,321.75. For the week, Sensex index fell by 371 pts, whereas the Nifty lost 130.75 pts.

The GST Council on Friday provided release to several sectors by reducing tax rates an array of consumer items to 18% from current 28% and cut rates on 177 goods.

25 Oct- Top Ten stocks in focus today: Road & highway, Infosys, Banking stocks

top ten stock advisory company Road & highway stocks will be watched out today as the govt has approved the Rs 6.92-lakh-Cr, 5-year roads programme, which includes the Bharatmala project, intends to to generate 142 million mandays of work.

Banking stocks will be in focus as govt has approved Rs 2.11 lakh crore PSU Banks’ recapitalisation plan for a 2- year period.

Infosys Ltd has posted a 3% increase in net profit to Rs 3,726 crore in the July-Sept quarter, compared to Rs 3,606 crore in the corresponding quarter last year.

Lupin Limited receives USFDA approval for generic Lodosyn tablets used for the treatment of Parkinson’s disease.

Kaya Limited to provide bank guarantee for an amount of USD 4 million to Kaya DMCC.

Yes Bank – RBI has also imposed Rs. 6.00 crore fine on Yes Bank for its non-compliance of RBI regulation on Income Recognition Asset Classification (IRAC).

IDFC Bank: Reserve Bank of India imposed Rs 2.00 crore penalty on IDFC Bank because of non-adherence with certain directions regarding sanction and renewal of loans and advances.

Ambuja cements standalone revenue for the Q2 FY18 came in at Rs. 5,376 crore, registering 5% year on year increase.

HDFC Bank & Asian Paints Ltd, have posted stellar results for the quarter ended 30 September.

28 Sept Thursday Stock Market watch, Best Investment Advisory Company

At 11 AM Thursday, the BSE Sensex is trading at 31,264 levels up by 104 points, while Nifty is trading at 9,756 levels up by 20 points. A total of 8 stocks clocked a fresh 52-week high in trade, while 49 stocks registered a new 52-week low on the NSE.

Stock in News today: State-owned electric utilities major. Power Grid Coprn of India Ltd announced that it started commercial operations of Pole-II of the Champa-Kurukshetra HVDC Terminal in Chhattisgarh from 16 Sept, 2017. All assets under the WR-NR HVDC r for IPP projects in Chhattisgarh have been commissioned.

Reliance Industries (RIL) has said that its telecom unit, Reliance Jio and Roy Kapur Films (RKF), tied up wherein original digital video content for the Jio platform will be, developed, commissioned and creatively produced by Roy Kapur Films.

GE Power India has announced, that it has bagged an order worth Rs 328 crore from Doosan Power India, for supplying 4 units of 660 MW electrostatic precipitation (ESP) for the super critical power projects of U.P Government.

APL Apollo Tubes has entered into a JV with Singapore-based One-to-One Holdings, for manufacturing of in-line galvanised tubes. The announcement was made on 27 Sept 2017.

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

stock technical chart

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.

Share Bazar Update- Markets witness terrible fall in 10 months

share bazar bhav

The Rupee fell to 65.16 against the US dollar that too it’s lowest since March, before regaining over its preceding day’s close of 64.79. The yield on the Ten-year govt bond in intraday trade rose to 6.69%, the highest since May, before closing at 6.67%.

Meantime, the US dollar strength on the US Federal Reserve’s plan tends to shrink its balance sheet. North Korea’s new hydro bomb menace and S&P’s downgrade of China also spoiled investor sentiment towards emerging markets.

FPIs pulled out Rs 1242 crore from domestic stocks on Friday, while domestic investors buying was comparatively muted at Rs 520 crore. The India Volatility Index surged 10%.

On the week ended Friday, there were four falling stocks for each one advancing. The BSE Midcap index declined close to 3%. Real estate, Metals and realty were the worst performing sectors. Among Sensex stocks, Tata Steel plummeted about 5%, after base metal prices chopped down due to China downgrade. SBI and ICICI Bank fell about 2% each.