Monday Top Stock Market News Tips Updates

Top Stocks in focus in Monday Stock Market Trade :-
The Indian market is expected to open flat on Monday tracking muted trend seen in other Asian markets. For daily share market news and trading service visit at www.marketmagnify.com or get free trials just give one missed call at +917879-88-11-22

Here is a list of Top Ten Stocks that are likely to be in focus today

Jaiprakash Associates: The diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore. The Group has on a consolidated basis failed to repay Rs 2,905.6 crore in principal amount to banks and another Rs 1,558.93 crore crore in interest payments.

Excel Crop Care Ltd: Japanese conglomerate Sumitomo Corp. has acquired 44.98% stake in Excel Crop Care Ltd BSE 1.73 % for around Rs.623.44 crore and also announced the launch of a Rs.415.80 crore open offer to acquire further 30% stake in the company.

Adani Enterprises: Indian conglomerate Adani Enterprise Ltd may walk away from its proposal to build one of the world’s biggest coal mines in Australia, citing long delays caused by legal challenges to to the project by groups concerned about the environment.

Sun Pharma: A wholly owned US subsidiary of Indian drug maker Sun Pharma BSE 0.58 % has agreed to divest two oral solid dosage manufacturing facilities to Frontida BioPharma.

Coal India: Mining behemoth Coal India BSE -1.36 % is likely to deliberate on a proposal to buy back its shares in its next board meeting. “Coal India had a meeting with the government last week and a buyback proposal is likely to be placed before the next board meeting,” company officials told PTI.

Cipla: Three years since Cipla BSE 0.99 % New Ventures announced its plans to nurture innovative business ideas, the first product of that initiative has been approved under brand name Stempeucel, a drug that could possibly turn into a blockbuster.

Biocon: Indian biotech frontrunner Biocon and its global partner for biosimilars, Mylan , have announced positive data from phase 3 clinical trials of a proposed copy of trastuzumab, a complex injection used widely to treat a type of breast cancer.

Equity Tips with NALCO Stock Price

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NALCO was down by 2% at Rs. 37. The company had been allotted Utkal-D & E coal blocks, near the company's Captive Power Plant in Angul district of Odisha, as per a report.

The scrip opened at Rs. 38.6 and has touched a high and low of Rs. 39.55 and Rs. 37.85 respectively. So far 199912(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9948.15 crore.

The promoters holding in the company stood at 80.93 % while Institutions and Non-Institutions held 12.45 % and 6.62 % respectively.

The stock is currently trading below its 200 DMA.

Intraday Stock Cash Tips: Nifty opens above 7550

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ICICI Bank, Hindalco, GAIL, Tata Steel and Tata Motors are top gainers.

The market has opened higher on Fed's move. The Sensex is up 230.07 points or 0.9 percent at 24912.55, and the Nifty is up 70.40 points or 0.9 percent at 7569.15. About 616 shares have advanced, 124 shares declined, and 19 shares are unchanged.

Equity Tips: Nifty ends at 7461, Sensex slumps 253 pts ahead of Fed meet

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3:30 pm Market closing: The Sensex ended lower 253.11 points or 1 percent at 24551.17, and the Nifty slipped 78.15 points or 1 percent at 7460.60 ahead of Fed meet. About 1003 shares have advanced, 1633 shares declined, and 159 shares are unchanged.

 

SBI, Bharti Airtel, Tata Steel, Axis Bank and BHEL were top gainers while Lupin, HDFC, Dr Reddy's, Sun Pharma abd Cipla were losers.

Equity Market Tips: Sensex, Nifty marginally lower

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Lupin crashed 6 percent on Goa facility inspection by USFDA. HDFC and Sun Pharma declined over a percent while Infosys, SBI, TCS, L&T, Axis Bank and Maruti Suzuki gained 0.2-0.8 percent.

Equity benchmarks started off Tuesday on a negative note, tracking tepid Asian cues. The 30-share BSE Sensex fell 34 points to 24770.28 and the 50-share NSE Nifty declined 17.25 points to 7521.50.

The Indian rupee has opened lower by 11 paise at 67.22 per dollar against 67.11 a dollar in previous session.

In the global markets, Asian markets were tepid, tracking US equities' performance overnight.

Wall Street ended flat in light trading as investors lay low ahead of a US Federal Reserve meeting that is set to begin later today, where the Fed is expected to hold onto the current interest rates this week.

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The India VIX (Volatility) index was down 4.45% to 17.0975. In broader market with the benchmark indices with the BSE midcap and smallcap indices closed down on a mixed note. The NSE Nifty closed with a gain of 24 points at 7,510. The NSE Nifty opened at 7,485 hitting a high of 7,544 and low of 7,461.

Finally BSE Sensex ended with a gain of 95 points at 24,718. The BSE Sensex opened at 24,620 touched an intra-day high of 24,818 and low of 24,553. The government will on Friday announce Index of Industrial Production (IIP) data for January.

The Indian Rupee was trading down by six paise at 67.13 per US dollar. 

On the global front, China's Shanghai Composite index closed marginally up 0.16% and Hang Seng closed marginally up 1%.

In Europe, the FTSE 100 up 1.6%. On the other hand, DAX and the CAC 40 were trading higher by 2%.