Showing posts with label Indian share market news. Show all posts
Showing posts with label Indian share market news. Show all posts

12/23/2017

Weekly Review of Stock, for the week ended 22 December, 2017

Weekly Review of Stock, for the week ended 22 December, 2017:

stock weekly reports
The Stock Market Tips rallied in the week ended Friday,22 Dec, on the back of BJP winning effect in Gujarat and HP together with strong global markets The Sensex opened the week at 33,364 and made a peak of 33,964 & a low of 32,595 closing the week at 33, 940. Thus it closed with the weekly gain of 478 points on the other hand, the Nifty opened the week at 10,263 & made a peak of 10,501, reached the bottom of 10,074 and closed the week at 10,493. Thus the Nifty closed with the weekly gain of 160 points. 

Key Stock movements during the Week: Moving on the key stocks, ICICI Bank spurted 4.27% at Rs 316.40. The bank’s subsidiary ICICI Securities has filed a DRHP with Sebi for an IPO of up to 6.44 cr equity shares. 

HDFC Bank was up 0.23% at Rs 1,877.35 after banks said for raising of funds up to Rs 24,000 crore, while IndusInd Bank dropped 1.85% at Rs 1,648.85 on bank’s amalgamation of Bharat Financial Inclusion. 

Wipro rose 3.9% at Rs 301.10 on its announcement of partnership with Headspin. Stocks of Bharti Airtel rose 2.33% at Rs 531.05 on its entering into a pact with Millicom Cellular, while Hero MotoCorp surged 7.72% at Rs 3,772.20. 

Dr Reddy’s fell 1.64% at Rs 2,333.05. Coal India was down 1.86% at Rs 266. The HDFC was down 0.84% at Rs 1,708.35 on its approval of raising funds by issuing equity shares of Rs 13000 crore.

11/29/2017

Sensex, Nifty open marginally higher, Infosys shares rise

Sensex, Nifty open marginally higher, Infosys shares rise: The BSE index Sensex was up 31.91 points at 33,650.50 and the NSE Nifty50 index was up 8.90 points at 10,379.15.Shares of Oil and Natural Gas Corporation, Coal India, Reliance Industries, Dr Reddy’s Lab, ITC, NTPC, Infosys gained up to 1.7% while Axis bank and HDFC dragged the most, lost up to 1.2 percent each. The heavyweight shares of Reliance, ITC and Infosys contributed the most to the Sensex gains, whereas a fall in HDFC twins and Axis Bank cut off most of the gains. Shares of SREI Infrastructure Finance Ltd rose 2.5 percent to Rs. 111.65 after its subsidiary SREI Equipment Finances files draft red herring prospects with regulator Sebi. The initial offer consists fresh issue of shares worth Rs. 1,100 crore and offer for sale of up to 43.86 lakh shares by SREI Infra. The Indian rupee depreciated 10 paise to 64.51 against the USD in early trade. Earlier yesterday, it has gained 9 paise to conclude at a fresh two-month high against the US dollar.

11/22/2017

Stock Market News- Stocks to Watch out on 22 November 2017

Stock Market News- Stocks to Watch out on 22 November:

Key benchmark indices edged higher in early trade on Wednesday, with indices extending fresh gains tracking steadiness in Asian stocks. 

Stocks to watch out today: Steel Authority of India’s (SAIL) stock will be watched out as the company is likely to have JV for 1.5 million ton steel plant for production of auto-grade steel with Arcelor Mittal. 

Telecom sector stocks will be in limelight as the Telecom Regulator has put forward relaxing spectrum holding limits. Shares of Reliance Industries Limited is on watch after the global investment banking company Goldman Sachs raised their target price by 26% to Rs 1,205. 

RIL shares rose by 2% to Rs.939.65, on Tuesday’s closing. Ajanta Pharma announced that it has got the USFDA approval for the bioequivalent generic version of Kapvay tablets and the same has been launched in US market through its wholly owned subsidiary, Ajanta Pharma USA Inc. 

Bank of Baroda has announced that it has approved the proposal of raising additional equity capital aggregating upto Rs 6000 crore by way of rights issue or QIP, depending on applicable statutory approvals.

Intraday Cash Market

11/21/2017

Market Morning Update: Stocks to watch out for on November 21

Market Morning Update: Stocks to watch out for on November 21:

Morning Update- Sensex and Nifty opened marginally higher on Tuesday following an upsurge in the US markets. At 10.25 a.m., the BSE index Sensex was trading up 129 points at 33,488 levels and the NSE index 50 Nifty was up 36.95 points at 10,335.70. 

The Indian rupee was being traded at 65.09 against the U.S dollar in early trade. Stock in Action: Shares of L&T Finance Holdings fell over 3% after 1.9% of the company’s equity shares changed hands in a block deal on the counter. 

CL Educate Limited, Educational support Services Company will release their Q2FY18 results today. The stock will be in focus on November 21, 2017. 

ANBCC (India) Limited has awarded the contract for construction of various Buildings for IIT Bhubaneswar at Bhubaneswar to Simplex Infrastructures Limited for Rs. 524.12 crore. The stock will be in focus on Tuesday..

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11/15/2017

Sensex opens below 33,000, Stock Trading news and Calls on 15 November 2017

Sensex opens below 33,000, Stock Trading news and Calls on 15 November 2017:

The key benchmark indices extended losses with Sensex lost 125 points to hit the day’s low of 32,816 levels while the NSE Nifty dropped 44 points to mark a day’s low of 10,142.55 at 10.45 hours on Wednesday.

Sun Pharma was the biggest loser on Sensex after the company reported a decline of 59.19% in the consolidated net profit to Rs 912.12 cr for the quarter ended on 30 Sept 2017 YoY basis.

NBCC (India)’s consolidated net profit rose 31.33% to Rs. 81.24 Cr on 12.07% fall in net sales to Rs. 1,319.25 Cr in Q2 Sept 2017 YoY. The major companies which are lined up to announce their Q2 earnings are New India Assurance Company, CARE Ratings, Golden Tobacco, TD Power Systems, Digjam, Empee Distilleries, Automotive Axles, HMT and Universal Cables, among others.

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11/01/2017

01 Nov Wednesday Sensex rises above 33,500, Nifty crosses 10,400

01 Nov Wednesday Sensex rises above 33,500, Nifty crosses 10,400: Live Market- Stock markets are open higher led by India’s ‘Ease of doing Business’ ranking in the World Bank’s report.

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.

10/03/2017

3 Oct- Stock Watch: Stocks of Auto companies will be in focus today


These Auto stocks will be in focus rally today The country’s largest auto company Maruti Suzuki India reported 9.3% growth in total sales at 1,63,071 units in Sept. 

Similarly, Hero MotoCorp, the largest 2-wheeler maker has reportedly sold over a million units in the festive season so far, while Bajaj Auto reported 14% increase in total sales at 4,28,752 units in Sept. 

Eicher Motors: Royal Enfield, the two-wheeler division of Eicher Motors reported a 22% growth in sales at 70,431 units in Sept. 

Further, the state-run Energy Efficiency Services Tata Motors has announced that it will procure 10,000 electric cars from Tata Motors, valued at around Rs 1,120 crore. The company reported a 25% increase in domestic sales at 53,965 units in Sept month.

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9/28/2017

28 Sept Thursday Stock Market watch, Best Investment Advisory Company

28 Sept Thursday Stock Market watch, Best Investment Advisory Company:


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.

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.

Best Stock Tips 


9/21/2017

Sensex falls 145 points, Nifty below 10,100, Dr. Reddy’s shares gain

Sensex falls 145 points, Nifty below 10,100, Dr. Reddy’s shares gain:

The BSE Sensex dropped by 105.68 points, to 32,295, while the Nifty fell 41 points to 10,100.
Asian stock shares struggled for direction on Thursday morning since the US stock markets closed mixed and the Federal Reserve left interest rates unchanged but there is hopes that it expects another increase by the end of the year.
Shares of Divi’s Laboratories gained 2.35 percent at Rs 964.95/share, Cipla gained 1.02 percent at Rs 575.50/share, Glenmark Pharma gained 0.90 percent at Rs 615.70 per share and Aurobindo Pharma gained 0.77 percent at Rs 751.30 per share.

9/20/2017

Best Stock Trading Tips By Elite Investment Advisory

Best Stock Trading Tips By Elite Investment Advisory:


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.

9/11/2017

11 Sept Monday News- Stocks of Auto companies rise post GST council meet

11 Sept Monday News- Stocks of Auto companies rise post GST council meet:

Shares of auto firms were trading higher in early trade, Monday, due to Indian car companies sounded relieved after the GST Council has raised the vehicle cess on Saturday, by less than the maximum possible, though luxury auto companies were more cautious in their assessment of the new rates. 
In the early hours today, the Nifty Auto index was trading 0.62% up at 10,846 while Tata Motors DVR was up 1.24%, Mahindra & Mahindra (M&M) was up 0.86% and Maruti Suzuki BSE 1.03 % rose 0.72%. 
The GST Council meet held on Saturday left untouched the rates on small cars and hybrid vehicles. But mid-sized cars attract a cess i.e, 2% points higher.
Meantime, M&M, Motor India Ltd, Toyota Kirloskar Audi India, Jaguar Land Rover and Mercedes-Benz are planning to pass on the increased cess to buyers. 

8/04/2017

04 Aug Sensex, Nifty open lower, Stock future trading tips

The BSE Sensex and NSE Nifty indices edged lower in early trade Friday in spite of mostly higher Asian stocks. At 10.10 am, the Sensex, was down 5.28 points at 32,232.60, while the Nifty50 was up 9.15 points at 10022.80. Nifty declined below the psychologically significant 10,000 mark. 

The BSE MidCap fell 0.4 percent and the Small-Cap shed 0.19%. The fall in both the indices was higher than the fall of Sensex in percentage terms. 

The breadth of market was marginally positive since about 972 shares rose against 842 falling shares on the BSE. 

Shares of Lupin, Cipla,Sun Pharma, Dr Reddy's Labs, Aurobindo Pharma, ONGC, Ambuja Cements, Bharti Airtel, among others were declined u to 2 percent.

8/02/2017

Sensex flat, Nifty turns negative after registering a high record

The key indices pared gains to turn flat after BSE Sensex and NSE Nifty crossed fresh record high before the RBI meet result due later today.  At 10.35 am, the Sensex, rose up 14.03 points or 0.04% at 32,589.20, while the Nifty50 down 7.15 points at 10,107.50. Markets expect the RBI to cut interest rates at least by 25 base point to 6 percent after inflation slumped to a record low of 1.54%. The market will be on watch whether the central bank will give indication to ease more.

Fertilizers companies’ shares were in limelight, rising up to 15 percent on BSE in intraday trade today. Nagarjuna Fertilisers, Rashtriya Chemicals & Fertilizer, Deepak Fertilizers, and Petrochemicals Corporation were increased more than 4 percent each.

 The RBI monetary policy meeting is scheduled at 2.30 PM today, 2 August 2017. The reverse repo rate under the LAF keep at 6%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.5%.

5/19/2017

Market opens firm, Sensex rises over 240 points, Nifty near 9,500

Sensex Nifty up
The key benchmark indices witnessed a firm note on Friday boosted by reports that the GST Council has backed the July-first deadline for rolling out the unified indirect tax that is supposed to build a single national market. At 10.20 am, the BSE Sensex, was up 244.07 points or 0.80% at 30,678.86, while the Nifty-50 index was up 69.65 points or 0.74 % at 9,499.10. The broader BSE Midcap and the BSE Smallcap indices added 0.82% and 1.10%, respectively. 

HUL and ITC were the star performers on Sensex, its stocks jumped up to 6 percent on the BSE. Grasim Industries Ltd rose 1.21 percent ahead of its quarter fourth March results to be announced today. Similarly, Tata Power Limited rose 0.72 percent on their earning results to be announced today. 

Nifty FMCG gained 4 percent as the leading sectoral gaining over 4%. Colgate Palmolive rose 6%, ITC rose 5.5%, Tata Global rose 3.5%. Bank of Baroda rallied over 4 percent after the bank reported a Q4 net profit of Rs 155 crore. 

The Indian rupee rises against the USD in the opening trade. It opened at 64.75 per dollar and was trading at 64.70 per dollar, up 0.25 percent from its Thursday’s close of 64.85.

5/10/2017

Sensex regains 30,000,Nifty above 9,380, Bharti Airtel flat post Q4

Nifty all time high
The key indices opened higher on Wednesday, registering decent gains in early trade tracking positive Asian stocks. At 10.15 am, the BSE Sensex was trading up by 255.81 points or 0.85% at 30,189.06. The NSE Nifty-50 index was trading up 69 points or 0.74% at 9,385.85. The Sensex reclaimed the psychological 30K-mark in early trade, with metal stocks and IT leading gains in the morning hours. The broader, BSE Mid-cap & Small-cap indices added 0.87% and 0.82%, respectively. 

Bharti Airtel trimmed all its losses to turn flat after gliding over 2 percent to Rs 337 in the early trade as the company registered a sharp 72% decline in the net profit at Rs 373.4 crore for the Q4 ending on March 2017. 

Auto stocks are buzzing on the exchanges in the morning hours, with Mahindra & Mahindra (M&M) Bajaj Auto and Maruti Suzuki leading the rally. M&M is contributing about 60% to the index gains and lifting it to higher levels, nearly 2%, on the BSE. 

M&M, Hindustan Unilever and Aurbindo Pharma were the major gainers, while UltraTech, Wipro, TCS and Cement lost the most.

5/05/2017

Sensex Lower; Nifty slips in red after opening at record high of 9,377

The benchmark indices edged lower in early trade on passive global cues. At 10.15 am, the BSE Sensex was down 135.92 points or 0.45% at 29,990.29, while the NSE Nifty index declined 38.10 points or 0.41% at 9,321.80. The BSE MidCap index down 0.11% and. BSE Small-Cap index rose 0.05%, outperforming the Sensex. 

Coal India Ltd, SBI, ICICI Bank and Asian Paints gained the most on BSE Sensex while Mahindra & Mahindra, ONGC, GAIL India and Tata Steel fell the most on the index. 

The IT major, Infosys Ltd was trading lower by 1.4% at Rs 924.2 per share. The stock is dragging the Nifty index in the morning hours today.  Shares of Wipro Ltd was down 0.09%, after the company declared that it has joined EEA (Enterprise Ethereum Alliance) as a founding member. 

Meanwhile, Oil prices were left behind near 5-month lows today after a aboaut 5% fall in the last session on worries over rising US supply, removing all of the price gains since OPEC's move to control output.

4/17/2017

17 April Stock Update- Markets down, Nifty slips below 9150 ahead of WPI data

Indian share markets opened Monday, 17 April, 2017, on a flat note with Investors expect the WPI based inflation data. At 10:10 am, the BSE Sensex was trading down 24.41 points at 29,437.04, while the NSE Nifty was trading at 9,138.65, down 12.15 points. The BSE Mid-cap and BSE Small-cap pared early gains to lose 0.1 percent each. The market’s overall health was strong. On the BSE, about 913 shares advanced and 451 shares declined and a total of 76 shares were unchanged. 

Stock of Sun Pharma Ltd fell over 2% on news that the U.S FDA has issued 11 notes as part of audit to its Dadra unit, for U.S supplies, making them the top Sensex loser. Shares of L&T advanced 0.26% after the company announced that its construction unit has won orders of Rs 2, 694 crore across different business segments. It was announced during market hours today. 

Out of the country, Asian stocks were trading lower over crisis in Syria and Russia and worsened worries between the U.S and North Korea spoiled investor’s sentiment. On economic front, the govt will today announce India's monthly inflation data based on wholesale price index (WPI) for March 2017.

4/06/2017

Nifty slips below 9,250, Sensex falls 71 points, ahead of RBI policy review

The benchmark indices edged marginally lower in Thursday’s early trade on weak global cues. At 10.10 am, the BSE Sensex, was down 71 points or 0.24% at 29,903.23, while the NSE Nifty index was down 24.20 points or 0.26% at 9,240.95. In the broader market, the BSE Midcap and Smallcap index were also trading marginally lower. 

Sectoral indices opened the day on a mixed note. Reality Stocks and Power stocks were  leading the pack of gainers, while the capital goods sector and metals sector have opened the day in the red. The rupee was trading at 65.04 to the US DOLLAR in early trade. 

Asian stocks also edged lower after the Federal Reserve released the minutes from its March meeting. The minutes noted Federal officials want to start slowing down the central bank's massive USD 4.5 trillion balance sheet later this year.

3/28/2017

Markets open higher, Nifty nears 9,100, Sensex extends gains with 180 pts surge


Equity benchmark indices on Tuesday opened higher note on positive cues from Asian market. At 10.15 am, the BSE Sensex, was up 134.32 points or 0.46% at 29,371.47. The Nifty50 index was currently up 47.35 points or 0.52% at 9,092.55. BSE Mid-Cap index was currently up 0.67%, while the Small-Cap index up 0.80%. Both these indices outperformed the Sensex. 

Axis Bank, ICICI Bank, Bharti Airtel and Tata Motors were among the top gainers on both the indices, while GAIL and ONGC were a drag. 

Finance Minister Arun Jaitley introduced the GST bills in the Parliament to roll it out across the country by July 1. The four Bills such as CGST, I-GST, UT-GST and compensation bill were tabled in the Lok Sabha and is to be taken up for discussion by the House tomorrow. 

US stocks turned down yesterday, 27 March 2017, since investors reassessed the prospects for Trump's pushy economic agenda after a Republican plan to revoke and replace Obamacare was scrapped last week.

3/15/2017

Sensex, Flat ahead of Fed Result, Nifty hits 9100, Stock Investment Advisory

Indian share markets have opened the trading day, Wednesday, on flat note ahead of outcome of the Federal Reserve policy meeting which concludes later in the day. At 10:15 am, the BSE Sensex was trading at 29,498, up 55.80 points, while the broader Nifty50 was ruling at 9,103,95, up 16.95 points. The BSE Mid Cap index opened flat while BSE Small Cap index both have opened the day up by 0.2%.

Asian stocks edged lower as investors took profits before a US central bank policy meeting that could hint how much monetary tightening to expect during the remaining of the year, with an immediate rate increase fully priced in by markets.

IT stocks TCS and Infosys were the top losers on both the indices, while Adani Ports, Reliance, Idea Cellular and Bank of Baroda were the top gainers on both the indices.