Skip to main content

Stocks to buy- Vedanta gains 2%,Sensex, Nifty Open Higher, Infosys Top Gainers

Shares of Vedanta were trading nearly 2 percent higher in the early deals.


Sensex Nifty open Higher -  It is a strong start for the indices on Wednesday with Nifty trading above 10,650 level. At 09:17 hrs IST, the Sensex is up 196.95 points at 35549.56, while Nifty is up 63.50 points at 10,667.90. About 595 shares have advanced, 249 shares declined, and 49 shares are unchanged. All the sectoral indices are trading in green led by realty, energy, metal, infra, pharma, and FMCG.

Top Stocks - Shriram Trasport, ITI, Yes Bank, Indiabulls Housing, Vedanta, Power Grid, Dr. Reddy's Lab, Grasim, Bajaj Finserv, are among major gainers, while losers include Zee Entertainment, Reliance Capital.

Rupee Opens: The Indian rupee opened marginally higher at 71.29 per dollar versus Monday's close 71.34.

OIL PRICES - Oil prices slipped from 2019 highs on Wednesday as rising US supply eroded OPEC cuts. US West Texas Intermediate (WTI) crude oil futures were at $55.84 per barrel at 6:56 am, down 25 cents, or 0.5 percent, from their last settlement.

YES Bank: The private sector lender on Tuesday denied any wrongdoing stating that the ‘zero divergence’ disclosure was done to comply with the listing regulations and to ensure information symmetry.

Kaveri Seed Falls For Fifth Day-  Shares of Kaveri Seed fell for the fifth consecutive trading session. The stock declined as much as 12.3 percent in today’s trade to Rs 368.80. Trading volume was almost 90 times its 20-day average, Bloomberg data showed. The scrip fell 25 percent in the past five days and declined 31 percent in the past 30 days.

Sensex | Bank Nifty | Vedanta Shares | Tops Stocks | Rupee Opens | Yes Bank Shares 

Comments

Popular posts from this blog

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...

Stock Market News - Maruti Suzuki, Tata Motors top losers, metals lose shine

Maruti Suzuki, Tata Motors top losers - Tata Motors, Maruti Suzuki shares emerged among the biggest losers, shedding up to 2%. Sun Pharma, Bharti Airtel was trading up to 1% higher. NEWS ALERT |  1. L&T Technology Services wins new electrification project from European automobile OEM 2. UltraTech Cement said investor meetings would be held on September 9 and 10 which will be attended by the representatives of the company.  Metal Index About To Turn Oversold Technically, Metal Index doubled in 2 years as it gained 2,800 points over 1,400, however, in the last 21 months it has lost about 2,100 points, which is nearly 75 percent erosion."It implies that the sector is about to turn oversold and we could see starting of value buying or contra buying at the current or little lower levels," Shrikant Chouhan, Senior VP - Technical Research at Kotak Securities said. CATCH ALL THE MARKET UPDATES -  ABB trades in the red NBCC trades 2% higher Shilp...

Share market Updates: Sensex up 180 points; Nifty above 10900; ONGC, HDFC fall, Titan zooms 4%

Share market LIVE updates: The domestic stock markets– Sensex and Nifty –opened higher tracking positive global cues from Asian markets. The 30-share Sensex rallied by more than 182 points to 36,285.46 in the opening trade while the Nifty 50 is trading above the 10,850 marks.  Kotak Mahindra Bank shares slumped about 0.5% to Rs 1,237.20, as December 31st is the last day according to RBI for Uday Kotak’s to cut stake in the bank. Jewellery-maker Titan shares gained by more than 4% to hit the day’s high at Rs 925.75. Earlier,  Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between the U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff, Reuters reported. Rupee opens higher at 69.78 per US dollar; 10-year bond yield falls to 7.37% After appreciating about 40 paise on Friday to close the day 69.93 against the US currency, the rupee gained...