Tag: BSE Sensex

Top Stocks for Investors on March 18

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The stock market on Wednesday, March 17, gave a negative closing for the fourth consecutive session where the BSE Sensex fell below the 50,000 mark, while the NSE Nifty stood below 14,800. The indices on Thursday, March 18, on the contrary are likely to give a positive start as at 7:10 am the SGX Nifty was trading at 172.00 points or 1.16 percent higher at 14,943.50. On March 17, The BSE Sensex shed 562.34 points or 1.12 percent to close at 49,801.62. Similarly, the NSE Nifty fell 189.15 points or 1.27 percent to settle the day at 14,721.30.

Top stock to look for the day:

IRCTC: Indian Railway Catering and Tourism Corporation has informed that there has been no major impact of terminations of mobile catering contracts in the FY 2020-21.

Indian Oil Corporation: A joint venture has been formed by the company with Israel’s Phinergy to manufacture Aluminum Air systems in India and recycle used Aluminum to strengthen India’s energy security.

Punjab National Bank: A subsidiary PNB Cards and Services has been incorporated by the bank to undertake the non-financial support services related to the credit card business of the bank.

HFCL: An order worth Rs 221.16 crore has been bagged by the optical fibre cable manufacturer HFCL from Uttar Pradesh Metro Rail Corporation.

Bharat Heavy Electricals: BHEL has informed that the company has emerged as the lowest bidder for the Rs 10,800 crore fleet mode tender floated by the Nuclear Power Corporation of India (NPCIL) for the 6×700 MW Turbine Island package projects.

HPCL: Shuchi Anant Virya has partnered with HPCL to set up a pan-India network of public electric vehicle charging points at its retail outlets.

SBI Cards and Payment Services: 4.25 percent stake has been divested by CA Rover Holdings in SBI Cards and Payment Services for Rs 3,943 crore.

Indian Metals and Ferro Alloys: ICRA has upgraded the credit rating on the company’s long-term and short-term loan facilities from the banks, informed Indian Metals and Ferro Alloys.

Union Bank of India: To offer online trading services to its customers the bank has partnered with retail brokerage house SMC Global Securities.

Bajaj Finance: On March 19, officials of the company will interact with Columbia Threadneedle Investments and on March 22 with Arohi Asset Management and ICICI Prudential Mutual Fund.

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Top Stocks for Investors on March 17

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Following Tuesday’s negative closing trend of stock market amid high volatility for the third consecutive session, the indices on Wednesday are expected to give a flat opening as the SGX Nifty was trading at 23.50 points or 0.16 percent higher at 14,995.50 at 7:31 am. The BSE Sensex had shed 31.12 points or 0.062 percent to close at 50,363.96 on Tuesday. Similarly, the NSE Nifty fell 19.05 points or 0.13 percent to settle the day below 15,000 mark at 14,910.45.

Top stock to look for the day:

State Bank of India (SBI): A penalty of Rs 2 crore has been imposed by the Reserve Bank of India on the SBI over deficiencies in regulatory compliance.

Vedanta: Open offer price has been raised by Vedanta Resources PLC for buying Vedanta’s shares to Rs 235 per share and offer size to 651 million shares representing a 17.5 percent stake in the company.

BPCL: Second interim dividend of Rs 5 per share for FY21 has been declared by the company and the record date for the dividend is March 27.

Karur Vysya Bank: According to the information provided by the company promoter S Nirupama has pledged 40,000 shares of the company with Bajaj Finserv on March 12, 2021.

Apollo Tyres: A new range of tyres has been launched by the company for the fast-growing compact SUV segment.

Godrej Properties: Rs 3,750 crore has been raised by the company through the sale of shares to institutional investors to expand the business and support future growth.

Shriram City Union Finance: The issue of secured rated listed redeemable principal-protected market-linked (PP-MLD) non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each, summing up to 5,000 NCDs amounting to Rs 500 crore has been approved by the Banking and Securities Management Committee of the company on March 16, 2021.

Asian Hotels (West): Saurabh Kirpal who is an Independent Non-Executive Director of the company has submitted his resignation with effect from March 15, 2021, according to the information provided by the company in a regulatory filing.

PNB Gilts: The credit ratings of “ICRA A1+” and “CRISIL A1+” have been reaffirmed by rating agencies ICRA and CRISIL on March 16, 2021, respectively.

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Stocks slip as COVID-19 cases rise, inflation worries flare

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Indian shares ended lower on Monday, as COVID-19 cases surged again and government data showed that retail inflation rose to a three-month high in February.

The NSE Nifty 50 index closed 0.67% lower at 14,929.50, while the benchmark S&P BSE Sensex ended down 0.78% at 50,395.08. Both indices fell as much as 1.9% and 1.96%, respectively, earlier in the session.

India is grappling with a renewed surge in COVID-19 cases, led mainly by a jump in infections in Maharashtra. The country reported this year’s biggest daily rise in cases of 26,291 on Monday. India is the third-worst affected country with 11.39 million cases, behind the United States and Brazil. Government data after market hours on Friday showed retail inflation quickened to 5.03% in February on higher fuel prices, which could challenge the central bank’s accommodative stance. Core inflation was estimated in a range of 5.61%-5.9% by four economists.

In domestic trading, financial stocks were the biggest drag. The Nifty Bank Index and the Nifty Financial Services Index shed 0.88% and 1.24%, respectively. HDFC Bank was the top drag on the Nifty 50, falling 1.5%.

Information technology stocks provided some support to the main indices later in the session, helping them recoup some losses. The Nifty IT index gained 0.56%, with Tech Mahindra rising 2.3% and providing the biggest boost to the Nifty 50.

Global shares were trading higher, as investors bet on a faster economic recovery after a $1.9 trillion U.S. stimulus bill was signed into law last week.

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sensex today: Sensex falls over 600 points in opening trade; Nifty below 15,000 – Times of India

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NEW DELHI: Equity indices plunged in morning trade on Monday with the benchmark BSE sensex falling over 600 points, dragged mainly by banking stocks as nine bank unions called for a two-day nationwide strike.
The 30-share BSE index fell 680 points or 1.33 per cent to trade at 50,115; while the broader NSE Nifty was trading 204 points or 1.36 per cent lower at 14,827.
SBI, Axis Bank, M&M, Bajaj Finserv, Bajaj Auto and Bajaj Finance were the top losers in the sensex pack falling as much as 2.18 per cent.
PowerGrid and Tech Mahindra were the only two shares trading in green.
On the NSE platform, sub-indices Nifty Media, Bank and Private Bank fell up to 2.53 per cent.
Banking stocks plunged amidst reports that operations across the country could be impacted as United Forum of Bank Unions (UFBU) called for a two-day nationwide strike.
The strike has been called to protest against the proposed privatisation of two state-owned lenders.
Services such as deposits and withdrawal at branches, cheque clearance and loan approvals could be affected due to the strike.
Meanwhile, broader global markets were trading higher, as investors bet on a faster economic recovery after the signing of a $1.9 trillion US stimulus bill into law last week.

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​Reliance Industries, Bank of Baroda, Ruchi Soya Industries: Top Stocks for Investors on March 3

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The stock market on Tuesday, March 2 closed in the green for the second consecutive day, where the BSE Sensex reclaimed the 50,000 mark. The BSE Sensex witnessed a hike of 447.05 points or 0.90 percent to close at 50,296.89, while the NSE Nifty was up by 157.55 points or 1.07 percent to settle the day at 14,919.10. Investors who will be investing in the market today can go through the below-mentioned details to get an idea of which stocks to look for the day.

Top stocks to look for the day are:

Reliance Industries, Bharti Airtel, Vodafone Idea: Reliance Jio got the biggest bid as it acquired 488.35 MHz of spectrum for Rs 57,122.65 crore, followed by Bharti Airtel which picked up 355.45 MHz at Rs 18,698.75 crore and Vodafone Idea with 11.80 MHz for Rs 1,993.40 crore.

Bank of Baroda: The QIP issue and Fixed issue price have been closed by the bank at Rs 81.70 per share.

Ruchi Soya Industries: A pledge has been created by the promoter Patanjali Ayurved Ltd on 48.17 percent stake.

Ircon International: An offer for sale will be opened by the company during March 3-4 and the government will divest 10 percent equity stake in the company with an additional 6 percent as a green shoe option.

Jaiprakash Power Ventures: Disinvestment of 74 percent shareholding in the Jaypee Powergrid has been approved by the company.

Engineers India: The project for execution of consultancy for overall project management and EPCM Services (Phase II) has been awarded to the company by Indian Oil Corporation for capacity expansion of Panipat refinery from 15 MMTPA to 25 MMTPA (P-25 Project). The total project schedule is of 40 months for mechanical completion while the total awarded order value is around Rs 600 crore.

MCX India: Officials of the company will meet Eternity Capital LLP on Mach 3.

Castrol India: The CFO and Wholetime Director of the company on March 28, 2021will join a call with Phillip Capital (India).

Dr Lal PathLabs: Officials of the company on March 3 will meet Alliance Bernstein and on March 4,it will attend Goldman Sachs India Pharma and Healthcare tour 2021 via conference call.

Rail Vikas Nigam: From March 3 to March 5, the management of the company will be participating in a non-deal roadshow through video conferencing.

Mahindra Holidays: On March 3, the officials of the company will meet M&G Investment Management and on March 4 with Nikko Asset Management.



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