The INDIA VIX is up 0.38% at 14.9050. Out of 1,824 stocks
traded on the NSE, 761 declined, 755 advanced and 308 remained unchanged today.
Ways2Capital : The Indian stock markets opened higher on Tuesday for the
second consecutive session. The NSE Nifty hits 8,500 for the first time since
August 20, 2015. Both the indices hit fresh 11-month high.
At 11:08 AM, the S&P BSE Sensex is trading at 27,686 up 59 points, while NSE Nifty is trading at 8,486 up 18 points.
The BSE Mid-cap Index is trading up 0.48% at 12,117, whereas BSE Small-cap Index is trading up 0.14% at 12,087.
Axis Bank, ICICI Bank, NTPC, Tata Steel, Maruti Suzuki and PowerGrid are among the gainers, whereas Coal India, Cipla, Sun Pharma, Dr.Reddy's, TCS and Lupin are losing sheen on BSE.
Some buying activity is seen in consumer durables, metal, banking, telecom finance, utilities, oil&gas and power sectors, while pharma, capital goods, IT and teck sectors are showing weakness on BSE.
The INDIA VIX is up 0.38% at 14.9050. Out of 1,824 stocks traded on the NSE, 761 declined, 755 advanced and 308 remained unchanged today.
A total of 68 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.
The rupee opened lower by four paise at 67.17/$ against US Dollar Tuesday as against the previous close of 67.17/$.
Hindalco Industries soared 4.9% to Rs.135.35 on BSE. The stock is currently trading at 52-week high on BSE.
Suven Life Sciences Ltd jumped 2.7% to Rs.209.90 after the company received product patent from India and South Africa.
Shriram EPC soared 11.4% to Rs.28. The company said it will take approval of its shareholders for conversion of debt worth up to Rs 1,280 crore into equity shares.
NMDC Ltd gained 0.47% to Rs.96.70. The company reportedly said that its production was up by about 28% and sales have increased nearly 17% in the April-June quarter of the current fiscal.
Coal India slipped 1.26% to Rs.316. The Board of Directors of the Company will be held on July 11, 2016, inter alia, to consider the proposal for Buy Back of equity shares of the Company and appointment of intermediaries in accordance with all applicable laws.
Igarashi Motors India dropped 2.3% to Rs.685. The company said one of its large shareholders will sell over 3.3 million shares amounting to 10.35% in the company in an offer for sale (OFS) at a floor price of Rs.650.
IndusInd Bank trading marginally higher on BSE. Indusind Bank Ltd posted a net profit of Rs. 6613.80 mn for the quarter ended June 30, 2016 as compared to Rs. 5250.40 mn for the quarter ended June 30, 2015.
Ashok Leyland rose 0.86% to Rs.94.15. The company bagged orders for nearly 3600 Buses from various STUs in the current fiscal. These orders would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses.
Greaves Cotton climbed 3% to Rs.142. The company has forayed into multi-brand spares business, which is an extension to its after-market services.
Inox Wind gained 1% to Rs.240. Inox Wind has bagged an order for a 50 MW wind power project to be deployed in the state of Gujarat from Atria Wind Power.
HDFC gained 0.73% to Rs.1322.HDFC is planning to raise Rs.3,000 crore through synthetic bonds.
Tata Power slipped 1.3% to Rs.72.90. Tata Power said that its board has approved raising up to Rs.3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis.
The rupee opened lower by four paise at 67.17/$ against US Dollar Tuesday as against the previous close of 67.17/$.
Asian markets are trading higher. Japan's Nikkei surged 2.58%, Hong Kong's Hang Seng was up 0.75% and Taiwan Weighted jumped 0.58%.
US stocks closed higher on Monday. The S&P 500 closed at a new all-time high at 2,137.16 points. The Dow Jones Industrial Average closed 0.44% higher at 18,226.93 points, while the Nasdaq gained 0.64% at 4,988.64 points.
On Monday, the BSE Sensex jumped 500 points to close at 27,627, its highest since August 2015, while the broader Nifty also settled at an 11-month high of 8,474.
Passenger vehicle sales in June grew for the 12th straight month, up 2.68% from a year ago, according to the Society of Indian Automobile Manufacturers.
On the economy front, data for industrial production for May are due on Tuesday.
Stock Market Advisory, Stock Cash Tips, Equity Tips
At 11:08 AM, the S&P BSE Sensex is trading at 27,686 up 59 points, while NSE Nifty is trading at 8,486 up 18 points.
The BSE Mid-cap Index is trading up 0.48% at 12,117, whereas BSE Small-cap Index is trading up 0.14% at 12,087.
Axis Bank, ICICI Bank, NTPC, Tata Steel, Maruti Suzuki and PowerGrid are among the gainers, whereas Coal India, Cipla, Sun Pharma, Dr.Reddy's, TCS and Lupin are losing sheen on BSE.
Some buying activity is seen in consumer durables, metal, banking, telecom finance, utilities, oil&gas and power sectors, while pharma, capital goods, IT and teck sectors are showing weakness on BSE.
The INDIA VIX is up 0.38% at 14.9050. Out of 1,824 stocks traded on the NSE, 761 declined, 755 advanced and 308 remained unchanged today.
A total of 68 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.
The rupee opened lower by four paise at 67.17/$ against US Dollar Tuesday as against the previous close of 67.17/$.
Hindalco Industries soared 4.9% to Rs.135.35 on BSE. The stock is currently trading at 52-week high on BSE.
Suven Life Sciences Ltd jumped 2.7% to Rs.209.90 after the company received product patent from India and South Africa.
Shriram EPC soared 11.4% to Rs.28. The company said it will take approval of its shareholders for conversion of debt worth up to Rs 1,280 crore into equity shares.
NMDC Ltd gained 0.47% to Rs.96.70. The company reportedly said that its production was up by about 28% and sales have increased nearly 17% in the April-June quarter of the current fiscal.
Coal India slipped 1.26% to Rs.316. The Board of Directors of the Company will be held on July 11, 2016, inter alia, to consider the proposal for Buy Back of equity shares of the Company and appointment of intermediaries in accordance with all applicable laws.
Igarashi Motors India dropped 2.3% to Rs.685. The company said one of its large shareholders will sell over 3.3 million shares amounting to 10.35% in the company in an offer for sale (OFS) at a floor price of Rs.650.
IndusInd Bank trading marginally higher on BSE. Indusind Bank Ltd posted a net profit of Rs. 6613.80 mn for the quarter ended June 30, 2016 as compared to Rs. 5250.40 mn for the quarter ended June 30, 2015.
Ashok Leyland rose 0.86% to Rs.94.15. The company bagged orders for nearly 3600 Buses from various STUs in the current fiscal. These orders would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses.
Greaves Cotton climbed 3% to Rs.142. The company has forayed into multi-brand spares business, which is an extension to its after-market services.
Inox Wind gained 1% to Rs.240. Inox Wind has bagged an order for a 50 MW wind power project to be deployed in the state of Gujarat from Atria Wind Power.
HDFC gained 0.73% to Rs.1322.HDFC is planning to raise Rs.3,000 crore through synthetic bonds.
Tata Power slipped 1.3% to Rs.72.90. Tata Power said that its board has approved raising up to Rs.3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis.
The rupee opened lower by four paise at 67.17/$ against US Dollar Tuesday as against the previous close of 67.17/$.
Asian markets are trading higher. Japan's Nikkei surged 2.58%, Hong Kong's Hang Seng was up 0.75% and Taiwan Weighted jumped 0.58%.
US stocks closed higher on Monday. The S&P 500 closed at a new all-time high at 2,137.16 points. The Dow Jones Industrial Average closed 0.44% higher at 18,226.93 points, while the Nasdaq gained 0.64% at 4,988.64 points.
On Monday, the BSE Sensex jumped 500 points to close at 27,627, its highest since August 2015, while the broader Nifty also settled at an 11-month high of 8,474.
Passenger vehicle sales in June grew for the 12th straight month, up 2.68% from a year ago, according to the Society of Indian Automobile Manufacturers.
On the economy front, data for industrial production for May are due on Tuesday.
Stock Market Advisory, Stock Cash Tips, Equity Tips
Author : Ways2Capital
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