L&T gains 5% on hopes of winning defence contracts of Rs 40,000 cr

L&T gains 5% on hopes of winning defence contracts of Rs 40,000 cr:


L&T had hit its 52-week high value of Rs 1,222.63 on May 30, 2017, and 52-week low of Rs 863.40 on Nov 9, 2016, on the NSE.

The stock of Larsen and Toubro (L&T) was registering an upward momentum on the exchanges today’s’ trade since the stock surged over 4 percent amid high volume trading. The company is hopeful of bagging some six defence contracts amounting to Rs 40,000 crore. L&T stock gained 4.83% to Rs 1,181 in intraday trade on the BSE. The stock was the top gainer on both Sensex & Nifty.... Read More

Best Stock tips, Stock Market view: DLF & Infosys is the most active stocks in volume

Indian stock markets opened positive with a fresh spell of buying in bank stocks, realty stocks, pharma and IT stocks.  Shares of Infosys Ltd, DLF Ltd, Bank of Baroda, PNB and SBI were the most active stocks in terms of volume on NSE in Wednesday's morning trade. Metals stocks were also in the league, such as Hindalco Industries, Vedanta, Ashok Leyland, ICICI Bank, Axis Bank JSW Steel and IOC. 

DLF Ltd rose 3% to Rs. 183 after its proposal of selling compulsorily convertible preference shares to GIC. Balaji Tele-films Ltd rose 3% to Rs. 158.15 after the company’s approval of allotment of 2.52 crore shares to Reliance Industries for a total consideration of Rs. 413.28 crore. 

Mahindra & Mahindra, Alkem Labs, Fortis Healthcare, Bharat Electronics, Nestle India,Gati and Indocount are stocks, which are in the news Wednesday, 23 August 2017.

21 March Sensex trades higher, Nifty holds above 9,100, Stock Advisory Company

Indian share markets have opened the day with the positive bias. At 10:10 am, the BSE Sensex was trading at 29,523, up 4.35 points, while the broader Nifty50 was ruling at 9,130, up 3.25 points. The BSE Mid Cap index opened flat while BSE Small Cap index opened down by 0.1%. ITC was up 1%, making them the top gainer, while Dr Reddy Lab was down 2%, shedding the most on the Sensex. Idea Cellular extended losses and dipper over 3% to Rs 93 on the BSE. 

Meantime, FPIs on Monday, 20 March 2017, bought equities worth Rs 56.67 crore, while domestic investors turned net sellers and sold equities of Rs 536 crore. D-Mart parent Avenue Supermarts has listed its shares on Exchanges today. The D-Mart IPO, the recent biggest one that hit the market, was subscribed more than 104 times earlier this March. 

Overseas, Asian shares edged higher on less hawkish Fed Reserve policy line. The main US stock indexes closed lower yesterday, 20 March 2017 for the third consecutive day of losses.

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Indian markets have opened the trading Thursday on higher note tracking the global markets. Investors cheered as Federal Reserve Chair person Janet Yellen made the well expected move of increased rates by 25 base points. Asian markets are also higher today after the Federal Reserve raised rates. 

At 10.15 am, the BSE Sensex was trading up by 169.25 points at 29,567.36, while the NSE Nifty is trading up by 56.90 points at 9141.70. The BSE Mid Cap index opened up by 0.7%, while BSE Small Cap index opened up by 0.8%. Adani Ports, ONGC, HUL, Tata Motors and L&T were the biggest movers on the BSE Sensex while , Bharti Airtel, HeroMoto Corp and HDFC Bank were the top losers.

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Indian share markets  on Tuesday have opened the trading day slightly higher tracking Asian peers. At 10.20 am, the BSE Sensex was trading higher by 120.53 points (+0.45%) at 26,847 while the NSE Nifty was trading higher by 36.10 points or 0.44% at 8,272. Both BSE Mid Cap index and BSE Small Cap index have opened the day up by 0.46% and 0.60 percent respectively. The rupee is trading at 68.19 to the US dollar. All sectoral indices have opened the day in higher note with PSU, Auto and oil & gas stocks seeing maximum buying interest. 

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