Sensex falls 69 points,Nifty trades lower, ONGC rose

Sensex falls 69 points,Nifty trades lower, ONGC rose:

Indian share market opened marginally lower on Monday tracking weakness in Asian markets and on caution prior to the release of July-September GDP data later this week. At 10.50 am, BSE Sensex lost 69 points to open at 33,610 whereas NSE Nifty dropped 28.65 points to begin at 10,361. The Indian rupee dropped 9 paise to 64.79 against the dollar in early trade at the interbank foreign exchange. 

ONGC, United Phosphorus Ltd, Vedanta Ltd, Hindalco and Tech Mahindra gained the most on Nifty50, while Bharti Airtel, HPCL, Infosys, Adani Ports and Sun Pharma were the top losers. 

Shares of Videocon Industries Ltd rose 5 percent to Rs 13.45 after the company announced that it seeks shareholders approval for raising Rs. 2,000 crore via shares..

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05 Oct Stock Investment Advisory, Sensex Nifty down trends today

05 Oct Stock Investment Advisory, Sensex Nifty down trends today: 

The Sensex & Nifty gained on Thursday amid uninterrupted buying by domestic institutional investors, who bought shares net Rs. 584.88 crore, while foreign portfolio investors dumped equities of Rs. 632.14 crore as per data. The auto, metal, realty, healthcare and capital goods stocks were driving the markets in the morning hours.

Stocks to Watch out:- MAS Financial Services and Godrej Agrovet will hit the market with IPO this week. 

Prataap Snacks’ stock lists strongly at 33% premium over the issue price. It lists at Rs 1250/share on BSE. Shares of Natco Pharma hits at 3-month high after its partner Mylan gets USDFA approval. 

Infosys Ltd stock advances over 1% after 13.5 lakh shares worth Rs 122 Crore changed hands in two block deals at Rs 902. 

Stocks of Parag Milk Food up 2% as FPI invest limit raised to 40 percent from 24 percent. 

Reliance Communication’s stock trades lower as it withdraws plan to demerge towers.

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Metal socks surge on bargain hunting, Elite Investment Advisory

The metals stocks were on hot pursuits on bargain hunting. The BSE Metal index was up 172.66 pts, at 11,415.25, outperforming the BSE Sensex at 12:00 hours on BSE. Hindalco Industries rose 3.94%, Vedanta Ltd up 3.37%, National Aluminium Company rose up 3.26%. The other leading metals stocks gainers are Jindal Steel & Power, National Mineral Development Corporation, Hindustan Copper Ltd, Tata Steel Ltd, Bhushan Steel, Hindustan Zinc, Steel Authority of India and JSW Steel have edged higher in different dimensions. 

The BSE Metal index underperformed the market since one month, falling 5.3 percent compared with 0.79 per cent decline in the Sensex. The index also underperformed the market since the past one quarter, rising 0.75 per cent as against Sensex's 8 per cent rise.

Nifty holds above 8,800, Sensex up 8 points, Elite Investment Advisory

Indian stock markets have opened the trading Monday on a flat note tracking mixed trend seen in Asian markets. At 10:15 am, the BSE Sensex was trading at 28,477, up 8.38 points, while the broader Nifty50 was ruling at 8,824, up 3 points. 

The BSE Mid-Cap index was currently up 0.42%, while the BSE Small-Cap index was currently up 0.63%. The market breadth, showing the overall health of the market, was strong. On the BSE, 754 shares rose, 366 shares fell and a total of 68 shares were unchanged. 

In the overseas, most Asian stocks were trading with small gains since investors awaited fresh cues. Meanwhile, US markets remain closed today, 20 February 2017 in observance of the Presidents Day.