1 March 2017

Sensex, Nifty, Midcap Hold Morning Gains; Tata Motors Falls

Equity benchmarks as well as broader markets maintained morning gains, driven by banking & financials, FMCG and pharma stocks after Q3 GDP data surprised street. 
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The 30-share BSE Sensex gained 194.54 points at 28937.86 and the 50share NSE Nifty rose 51.75 points to 8931.35 while the Nifty Midcap and Smallcap indices were up around 0.6 percent. About 1593 shares advanced against 936 declining shares on the BSE.

India's real gross domestic product (GDP) beat consensus estimates, growing 7 percent YoY in Q3FY17 as private consumption grew at the fastest pace in 17 quarters. Tata Motors fell over a percent ahead of February sales data due later today. Maruti Suzuki was up 0.2 percent after sales in the month gone by grew 11 percent while Eicher Motors fell 0.6 percent as Royal Enfield sales missed analysts' expectations, growing 19 percent year-on-year. 

Index heavyweights HDFC, Infosys, ITC and ICICI Bank continued to support the market, up 1-2 percent. Gold fell today as the dollar strengthened on hawkish comments overnight from US Federal Reserve officials, while an eagerly awaited speech by US President Donald Trump contained few specifics or surprises.

29 November 2016

Stock Market Tips - Top 5 Stocks in Focus Today

Check out the companies which will be in focus during trade today based on recent and latest news developments. 
Sensex, Nifty may stay flat; Idea, Tata Steel in focus
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Tata Steel: Tata Steel UK has signed a letter of intent with Liberty House to sell its UK speciality steel business, the company said in a statement on Monday. The deal, which also covers several South-Yorkshire based assets, is being pegged at an enterprise value of £100 million.

Sun Pharma: Sun Pharma launched BromSite solution, marked for treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery, in the US market.

Oil India: The company has posted a net profit of Rs 580 crore for the quarter ended September 30, 2016 as compared to Rs 706 crore for the quarter ended September 30, 2015.

Mahanagar Gas: Mahanagar Gas registered a net profit of Rs 102.24 crore, up 41%, against Rs 72.57 crore in the corresponding quarter last year.

JSW Steel: JSW Steel has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant, as per media report.

28 November 2016

Top 5 Stocks in Focus Today: Cipla, Ashok Leyland

Check out the companies which will be in focus during trade today based on recent and latest news developments. 
Top stocks in focus today

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Oil India: The company will announce its Q2 numbers today.  

Cipla: Cipla Ltd is in discussions to sell Cipla Vet, its animal health division, as per media report. According to the report, the company hired global investment bank Rothschild to find potential buyers.  

Ashok Leyland: Ashok Leyland has completed the acquisition of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures formed between the two companies.  

Aurobindo Pharma: Arrow Generiques SAS, the French subsidiary of Aurobindo Pharma, has signed an agreement to acquire select commercial products in France from Teva.  

BEML: Thr company reported standalone net loss narrowed to Rs 16.6 crore for the second quarter ended September 30, 2016, against that of Rs 24.6 crore in the corresponding quarter of previous fiscal. 

25 November 2016

Top 5 Stocks in Focus Today: Sun Pharma

Check out the companies which will be in focus during trade today based on recent and latest news developments.
Top stocks in focus today

Sun Pharma: The US drug regulator has found seven breaches of manufacturing standards at Sun Pharmaceutical Industries Ltd’s formulations plant in Mohali, Punjab, following a recent inspection.

Aurobindo Pharma Ltd: Aurobindo Pharma is scouting for acquisitions in Europe to gain a foothold in the market, as per media reports.

Wipro: The company has informed bourses that it has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007 effective November 1, 2016 to its identified employee.

TCS: Tata Consultancy Services is rethinking how it appraises its over 3,70,000 employees after scrapping the Bell Curve model.

YES Bank: The bank announced a partnership with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers. 
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Top 5 Stocks in Focus Today: Sun Pharma

Check out the companies which will be in focus during trade today based on recent and latest news developments.
Top stocks in focus today

Sun Pharma: The US drug regulator has found seven breaches of manufacturing standards at Sun Pharmaceutical Industries Ltd’s formulations plant in Mohali, Punjab, following a recent inspection.

Aurobindo Pharma Ltd: Aurobindo Pharma is scouting for acquisitions in Europe to gain a foothold in the market, as per media reports.

Wipro: The company has informed bourses that it has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007 effective November 1, 2016 to its identified employee.

TCS: Tata Consultancy Services is rethinking how it appraises its over 3,70,000 employees after scrapping the Bell Curve model.

YES Bank: The bank announced a partnership with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers. 
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24 November 2016

Top 5 Stocks in Focus Today: SBI, Tata Motors, PC Jeweller

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Top stocks in focus today

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State Bank of India: SBI on Wednesday slashed bulk deposit rates by up to 1.9%, taking advantage of the surge in deposits following demonetisation.
  
Tata Motors: Tata Motors has called an extraordinary general meeting on December 22 to seek shareholders' approval for removing Cyrus Mistry and Nusli Wadia as directors of the company.  

PC Jeweller: The company posted a net profit of Rs 1,06.9 crore for the quarter ended September 30, 2016 as compared to Rs. 92 crore in the corresponding quarter last year.

Sun Pharma: The pharma company has entered into an agreement to acquire 85.1% of JSC Biosintez, that makes and markets pharmaceutical products in Russia and the CIS region.  

Cipla Ltd: The company is divesting its minority 16.7% stake in Chase Pharmaceuticals Corporation, to a subsidiary of Allergan Plc.

23 November 2016

Top 5 Stocks in Focus Today: Canara Bank, UltraTech Cement

Check out the companies which will be in focus during trade today based on recent and latest news developments.
Top stocks in focus today
 
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Canara Bank: The bank is planning to sell a portion of its 43% stake in arm Can Fin Homes as part of the government's diktat asking public sector banks look to sell their noncore businesses. 

UltraTech Cement: The company on Tuesday said the Competition Appellate Tribunal (COMPAT) has granted a stay on an order passed by the fair trade regulator Competition Commission of India against the company on deposit of 10% of the penalty amount.  

Reliance Industries: CAG has pulled up the Income Tax department for giving benefit of Rs 1,767 crore to the port and terminal arm of Reliance Industries by allowing deductions meant for public facilities to the company's captive jetties.  

Bharti Airtel: The telecom company said its customers in the city could face some "teething issues" over the next few days as the country's largest telecom operator upgrades its 3G network.

 Larsen & Toubro: Larsen & Toubro on Tuesday reported a 84% in its consolidated net profit to Rs 1,435 crore for the quarter ended September 30 as compared to Rs 778 crore in the same period last year.