Sensex rises 130 points, Nifty above 10,400, Investment Stock Advisory

Sensex rises 130 points, Nifty above 10,400, Investment Stock Advisory:

India’s share market on Tuesday began moderately higher with Sensex and Nifty opening in green, as FPIs continued to liquidate their positions. The benchmark BSE Sensex gained 0.41% to open at 33,913.94 and NSE Nifty added 0.12% to begin at 10,391 in early trade. 

The broader and sectoral indices fell into negative zone in the opening trade with Nifty PSU Bank index losing the most led by the fall in shares of fraud-hit PNB. Shares of Tata Steel, Bharti Airtel, Dr Reddy’s, Axis Bank, TCS, and Infosys emerged as the notable gainers in the early trades whereas shares of Kotak Mahindra Bank, IndusInd Bank, Adani Ports, and SBI fell over 1 percent. 

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Stocks to watch- NTPC, Gail India, Idea Cellular, Britannia Industries

Stocks to watch out for on Wednesday, February 14, 2018:

The following stocks will be in focus during trade today based on latest stock in news and developments of the companies: Sun Pharma, Grasim Industries, Idea Cellular, Nestle India, Allahabad Bank, Apollo Hospitals, Bharat Road Network, Balkrishna Industries, Dena Bank, Jet Airways are among companies scheduled to report earnings later in the day. 

NTPC: NTPC Limited has announced that it has secured tender for supplying 300 MW of electricity to Bangladesh for 15 years. The stock will likely be in focus on Wednesday. 

GAIL (India)’s net profit rose 28.4% to Rs 1262.22 crore on 18.8% growth in net sales to Rs 14414.34 crore in Q3 December 2017 over Q3 December 2016. The company’s board recommended the issuance of one bonus share of Rs 10 each for existing three shares held, as per the shareholders approval. 

Idea Cellular: Idea Cellular has raised Rs 3,250 crore through a preferential allotment of over 32.66 crore equity shares at Rs 99.50 a unit to three promoter group entities. Britannia Industries: 

Britannia Industries Ltd has reported 19.6% increase in its consolidated net profit at Rs 263.7 crore for the Q3 ended December 2017. The company had posted a net profit of Rs 220.4 crore in the Oct –Dec period a year ago.