At 11:05 AM, the S&P BSE Sensex is exchanging at 25,355 up 53 focuses, while NSE Nifty is exchanging at 7,773 up 23 focuses.

The BSE Mid-top Index is exchanging up 0.44% at 11,072, though BSE Small-top Index is exchanging up 0.35% at 11,002. 

ITC, Adani Ports, Tata Motors, HUL, Bharti Airtel, Lupin, ICICI Bank, GAIL, and Axis Bank are among the gainers, though Sun Pharma, ONGC, Cipla, Wipro, Bajaj-Auto and Infosys are losing sheen on BSE. 

Some purchasing action is seen in FMCG, telecom, utilities, metal, purchaser durables, modern, fundamental materials, keeping money and auto divisions, while pharma, realty, capital merchandise, IT and teck parts are indicating shortcoming on BSE. 

The INDIA VIX is down 1.75% at 16.1375. Out of 1,815 stocks exchanged on the NSE, 634 declined, 830 progressed and 351 stayed unaltered today. 

An aggregate of 19 stocks enlisted a crisp 52-week high in exchanges today, while 28 stocks touched another 52-week low on the NSE. 

The Indian rupee opened higher by 7 paise at 67.30/$ against US Dollar on Monday as against the past close of 67.37/$. On Friday, rupee expanded the shortcoming, as different developing business sector monetary standards stayed on edge, weighed by the fortified view of a rate trek by US Fed in June. 

Jagran Prakashan Ltd has educated BSE that a meeting of the top managerial staff of the organization will be hung on May 30, 2016 to consider a proposition for buyback of the value offers under the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, subject to (a) receipt of endorsement of the plan of course of action between Suvi Info Management (Indore) Private Limited, an auxiliary of the Company, with the Company, which conspire has been affirmed by the Hon'ble Allahabad High Court however is pending endorsement from the Hon'ble Bombay High Court; and (b) receipt of endorsement of the plan of amalgamation between Crystal Sound 8c Music Private Limited and Spectrum Broadcast Holdings Private Limited, both backups of the Company, with the Company and demerger of the radio business undertaking of Shri Puran Multimedia Limited into Music Broadcast Limited, an auxiliary of the Company, which plan is pending endorsement from the Hon'ble Allahabad High Court and the Hon'ble Bombay High Court. 

Tata Power took off 2.2% to Rs.70.90. The organization will declare its Q4 numbers today. IIFL gauges the organization's net benefit to spurt to Rs.263 crore, at a rate of 151% yoy and 1,532.9 qoq. 

Finolex Industries Ltd stock was up by 2% at Rs. 405. The organization posted a net benefit of Rs.784.78 million for the quarter finished March 31, 2016 contrasted and Rs.276.81 million for the quarter finished March 31, 2015. 

Manappuram Finance Ltd was higher by 8% at Rs. 52.65. The organization will be issuing Secured Redeemable Non-Convertible Debentures amassing upto Rs.150 Crores by method for Private Placement (Institutional) under SEBI (Issue and Listing of Debt Securities) Regulations, 2008. Proposed allocation for the above issue will be on 23rd May, 2016. 

Suven Life has reported that it has secured 4 item licenses In Australia, Eurasia, Israel and US. The stock is right now exchanging at Rs. 211.1, up by Rs. 3.55 or 1.71% from its past shutting of Rs. 207.55 on the BSE. 

National Aluminum Company Ltd stock was higher by 5% at Rs.42. The organization has reported that a meeting of its governing body will be hung on May 25, 2016, bury alia, to consider the proposition for modification in articles of relationship of the organization and buyback of the completely paid-up value shares of the organization. 

SpiceJet stock was up by 3% at Rs. 252. The carrier would like to submit a request for more than 100 restricted body air ship in the following 2-3 months, Chairman and MD Ajay Singh has been cited as saying by a business daily.SpiceJet is wanting to rundown its securities on the National Stock Exchange, as indicated by reports. 

Britannia Industries Ltd stock was lower by 6% at Rs.2756.The organization posted a net benefit after expenses, minority intrigue and share of benefit of partners of Rs. 1902.30 million for the Quarter finished March 31, 2016 when contrasted with Rs. 1672.50 mn for the Quarter finished March 31, 2015. 

Cox and Kings Ltd stock was lower by 5% at Rs.165.The organization posted a net benefit/(misfortune) after expense of Rs. 3055.37 mn for the quarter finished March 31, 2016 when contrasted with net benefit of Rs. 645.688 mn for the quarter finished March 31, 2015.

Author : Ways2Capital