Stock Watch on Wednesday, 4 October 2017: Markets Open Mixed ahead of RBI Policy Result

04 Oct Wed- Markets Open Mixed ahead of RBI Policy Result:

Indian share markets have opened the day on a mixed note prior to the RBI's policy outcome expected for later hours today. The BSE Sensex is trading up by 162 points at 31660 levels while the NSE Nifty is trading higher by 51 points at 9911 levels at the time of this writing. 

Barring I.T stocks and metal stocks, all sectoral indices have opened the day in green with stocks from PSU and O&G sector and leading the pack of gainers, while Indian rupee is trading at 65.55 to the US dollar. 

Bussing Stocks:- Nifty Pharma Index surges 1.5%. Divi’s Lab rose 3%, Sun Pharmaceuticals, Aurobindo & Dr. Reddy’s rise up 2% each. 

Stocks of Natco Pharma hits 20% upper circuit seeing that Mylan laboratories gets USFDA nod for its drug Copaxonein 20&40 mg version. 

Indian oil companies such as HPCL, BPCL, IOC stock gains on fuel cut excise duty. Stock rises upto 2 to 3.5% Stocks of Hero MotoCorp advances 1% as September total sales has grown 7%. 

Apollo Tyres Ltd approves QIP issue at floor price Rs 250.44 each and to set issue price on October 6, while its Stock down 1 percent.

More Related Story-

Commodity Tips 

07 July- Sensex Nifty Under Pressure, Top Stock Advisory Company

In morning, the equity benchmark continued to trade lower on Friday. At 11:10 am, The 30-share BSE Sensex trade down 54.39 points or 0.17 percent at 31314.95, The 50-share NSE Nifty index falls 21.60 points or 0.22% at 9652.95. Stocks of FMCG, capital goods, banking, IT, and realty secotrs raemained decline. 

The top gainers shares Lupin 4.50%, Dr.Reddy's 2.11%, Aurbindo pharma 1.39%, Cipla 1.34%, HUL 1.19%, Zee Entertain 1.18%, Sun pharma 0.86%, Larsen 0.82%. 

Among Bharti Airtel 1.81%, HDFC 1.41%, Asian paints 1.16%, Bajaj Auto 1.12%, ICICI bank 1.04%, Hero Motocorp 1.03%, Axis bank 1.00%, ITC 0.96%, Gail 0.93%, HCL Tech 0.83%. 

Hong Kong's Hang Seng was down 0.42 per cent while Japan's Nikkei shed 0.14 per cent in their early deals. Shanghai Composite too lost 0.36 per cent. The US Dow Jones Industrial Average ended 0.74 per cent lower yesterday. 

Stock Calls Today- 

Option Calls- BUY TVS motors 550 call above 16.65 targets 19.65 stop loss 14.50