Members: 0 member(s)

Latest Blogs

Discover

Sensex jumps over 200 points; Nifty above 8,000 mark

  • Nifty and Sensex are still volatile. The only postive is that it still in green zone. 

    Domestic market pared some of early gains with the 
    Sensexfalling below 26,000 level, while the broader Nify50 also slipping below its crucial 8,000 mark.

    Supported by positive global markets, the Sensex rallied over 200 points in morning trade led by gains in ICICI Bank, Infosys, Tata Motors, ONGC, and Maruti Suzuki. Nifty reclaimed its crucial level of 7,950 and was trading near its crucial resistance level of 8,000 supported by gains in realty, power, oil & gas, metal, auto, and banking stocks.

    At 2:58 PM, the S&P BSE Sensex is trading at 25,984 up 35219 points, while NSE Nifty is trading at 8,003 up 74 points.

    Bajaj Auto, Maruti, HUL, Adani Ports and Cipla are among the top gainers, PowerGrid, NTPC, SBI and L&T are losing sheen on BSE.

    Auto, Metal, Oil & Gas and Information Technology sectors are indicating buying activities, while Capital Goods, Power and Bank are showing weakness on BSE.

    The BSE Mid-cap Index is trading up 0.17% at 11754, whereas BSE Small-cap Index is trading down 0.06% at 11494.

    The INDIA VIX is down 4.51% at 18.2350. Out of 1,883 stocks traded on the NSE, 667 declined, 927 advanced and 289 remained unchanged during the mid-market hours.

    A total of 5 stocks registered a fresh 52-week high in trade today, while 63 stocks touched a new 52-week low on the NSE.

    Hindalco Industries Ltd is currently trading at Rs 163.7, up by Rs 6.3 or 4% from its previous closing of Rs 157.4 on the BSE.

    Suven Life Sciences is trading in green on the BSE. The pharma company announced today that it has granted one product patent from China and one product patent from Mexico corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032 and 2031 respectively.

    Bliss GVS Healthcare jumped 3.4% after the company said it won a three year contract worth USD 111.40 million for provision of Medical Healthcare Services in Kenya.

    Tata Communications gained 2% after the company entered into partnership with and Emirates Data Clearing House. This partnership will enable Tata Communications to provide a more robust portfolio of solutions as an integrated mobility service provider with its existing range of innovative solutions. 

    ONGC advanced 0.4% to Rs 276 after international crude oil prices gained on the comments by Russian President Vladimir Putin that raised expectations that the major oil producing countries could reach a deal to limit output at a meeting next week.

    Panacea Biotec  gained 1.4% after the pharma company announce receipt of Establishment Inspection Report (EIR) from the USFDA indicating the formal closure of the cGMP and Pre­ Approval Inspection conducted by USFDA, at its Oncology Parenteral and Oral Solids Dosage formulation facilities at Malpur, Baddi in Himachal Pradesh.

    Asian Oilfield Services rallied 3% to Rs 74 after the company said it got order worth Rs140 crore from Oil India Ltd. 

    IRB Infrastructure Developers inched up 1% to Rs 190 ahead of its September quarter earnings. 

    Axis Bank slipped 1%. The bank said it proposes to raise funds by issuing unsecured redeemable non-convertible subordinated debentures (Basel- III compliant Tier II debentures) (Series - 25) of the face value of Rs 10 lakh each for cash at par aggregating to Rs 1,800 crore. 

    L&T dropped 2%. The company will announce its Q2 numbers today. The construction arm of L&T has won orders worth Rs 1,926 crore across its various business segments.

    Sobha fell 3.2% to Rs 230. Sobha posted its consolidated net profit at Rs 38 crore for the September quarter of the current fiscal. Its net profit had stood at Rs 39 crore in the same period of last financial year.

    Arvind slipped 1%. Textiles and branded apparel major Arvind Ltd has raised Rs 740 crore by diluting stake in subsidiary Arvind Fashions Ltd. The company has completed the transaction and raised the amount from Multiples, a private equity firm.

    Dhampure Speciality Sugars dipped 2%. The company reported a net profit of Rs 12 lakh against net profit of Rs 10 lakh in the corresponding quarter last year.

    Reliance Infrastructure tanked 2.7%. RInfra has won an EPC order for Rs 36.75 bn from NLC India Limited for setting up two lignite based CFBC thermal power projects with a capacity of 250MW each.

    Allcargo Logistics is trading in red on the BSE. The company will announce its Q2 numbers today. 


    The Indian rupee opened marginally higher by three paise at 68.13/$ against the previous close of 68.16/$.

    Asian markets excluding Japan all traded in the green as an earthquake in Japan & threats of a Tsunami break out kept the Japanese index flat to marginally negative. This after oil hit a new 4 week high along with the Dow Jones, Nasdaq & the S&P index rising in tandem. The risk on trade is back in action as globally bullishness resurfaces with Japan & the US indices in new bull markets.

    HNI calls | Stock Tips | commodity tips free trial | Equity tips

    For more info http://www.ways2capital.com

    Toll free no. 1800 - 3010 – 2007


Comments

0 comments

Recent Forum Posts

  • We are Registered investment Advisory firm in Equity Market, Com...  more
  • We are Registered investment Advisory firm in Equity Market, Com...  more
  • We are Registered investment Advisory firm in Equity , Commodity...  more
  • We are Registered investment Advisory firm in Equity Market, Com...  more