Top stocks in focus today: Lupin, Reliance Communications, Tata Global

Reliance Communications will sell its wireless business to Reliance Jio Infocomm. It will give Jio access to valuable 4G spectrum of RCom.

Lupin aid it has received final approval from the US health regulator for its generic version of Dovonex scalp solution used in the treatment of psoriasis of the scalp.

Alkem Labs has received approval from USFDA for Triamcinolone Acetonide cream that is indicated to treat inflammation and dermatoses.

Tata Global Beverages has sold its stake in joint venture firm Estate Management Services Private Ltd for a consideration of Rs120cr.

Bank of Baroda said it will purchase its joint venture partner UniCredit’s entire 51% stake in Baroda Pioneer Asset Management Company AMC and Baroda Pioneer Trustee Company Private Ltd (Trustee), as per media reports.

Srikalahasthi Pipes allotted 69.34 lakh shares at Rs360.5 per share in QIP.

GTPL Hathway to acquire remaining 49% stake in GTPL Surat Telelink and additional 23.5% stake in GTPL Ahmedabad cable network.

Brookfield and the Kotak Mahindra group have jointly bid for 2,200 megawatts of power assets belonging to Jaypee Power Ventures, a unit of Jaiprakash Associates, as per media reports.

Top stocks in focus today: RCom, Sun Pharma, IDBI Bank

ITC said certain individuals and NGOs have filed petition against high court ruling on cigarette warning.

Glenmark Pharmaceuticals has receives ANDA approval for Norethindrone Acetate and Ethinyl Estradiol Tablets USP and Ferrous Fumarate Tablets, 1 mg/20 mcg.

IDBI Bank to terminate rating engagement with Moody’s for MTN program.

Sun Pharma announces that the USFDA has accepted a New Drug Application (NDA), filed by its wholly owned subsidiary, for OTX-101 (cyclosporine A, ophthalmic solution) 0.09%, a novel nanomicellar formulation of cyclosporine A 0.09% in a clear, preservative-free aqueous solution..

The company announced Offer for sale of Share to eligible employees of NBCC (India) Ltd. The overall pool size of shares available to NBCC's employees under Employee Share Sale would be up to 25,16,013 equity shares of face value of Rs. 2/- each ('Equity Shares').

Reliance Communications announced exit from SDR framework with zero write-offs to lenders.

Apollo Tyres which recently raised Rs1,500cr through a QIP, is looking to partially deploy the resources to develop a new greenfield facility in Andhra Pradesh.

Canara Bank board of the bank decided to raise additional equity capital amounting to Rs90cr through QIP route by issuing Rs9cr equity shares of face value Rs10.

Essar Oilfields commenced drilling contract with Mercator Petroleum.

Ortel Communication will transfer its broadband business to its new subsidiary Ortel Broadband Ltd.

Dr.Reddy’s has launched Melphalan Hydrochloride for Injection, a therapeutic equivalent generic version of Alkeran (melphalan hydrochloride) for Injection used in the treatment of certain types of cancer and approved in the US market by the USFDA, as per media reports.

Jindal Steel completed 250 tonne basic oxygen furnace at its Odisha plant.

Srikalahasthi Pipes QIP closed with the issue price fixed at Rs360.5.

Punjab & Sind Bank board of directors has approved raising of equity capital through public issue/ right issue/ QIPs/ preferential issue or any other mode or a combination(s) thereof in one or more tranches up to March 31, 2019.

Prestige Estates will acquire 66.6% in Prestige Projects for Rs324cr.

Yes Bank acquired 5.62% in One Point One Solution as an anchor investor.

Sushmita Kacholia sold 1.28 lakh shares or 0.8% stake at Rs75.53 each of Lokesh Machines.

Asia Investment Corp Mauritius bought 3.74 lakh shares or 1.7% stake at Rs300 each of Vishal Fabrics.

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Sensex, Nifty remain firm; Maruti Suzuki stock up 2%

Benchmark indices rose for a fourth straight session after BJP secured victories in two key state elections, raising optimism over future reform initiatives. The Sensex rising more than 100 points, following positive global cues.

Global equity markets rose on the likely passage of the corporate tax cut bill as early as this week.

At 10:39 AM, the BSE Sensex was trading at 33,703, up 101 points, while the Nifty50 was ruling at 10,417, up 28 points.

Shares of Bharti Airtel dropped after the company said it has entered into an agreement with Millicom International Cellular S.A. to acquire 100% stake in the latter's Rwandan arm Tigo Rwanda.

Shares of De Nora India rose 6% after the company, post market hours on Monday, said it has won orders worth Rs120mn from Bharat Heavy Electricals.

Shares of Kridhan gained 9% after investment fund of the Government of Singapore, GIC, bought 1.2% stake in the company on Monday through a bulk deal on the BSE.

The BSE Midcap Index gained 0.66% and the BSE Smallcap Index rises 0.92%.

Telecom is the top loser on the BSE, while Consumer Durables, Auto, Metal, Industrial, FMCG and Banking were the top gainers.

UPL (+3.2%), Eicher Motors (+2%), Tata Motors (+1.5%), Aurobindo (+1.4%) and Coal India (+1%) were the top gainers on the Nifty50.

GAIL (-1.2%), HCL Tech (-0.73%), Bharti Airtel (-0.69%), Bajaj Finance (-0.67%) and Infosys (-0.40%) were the top losers in today’s trade.

India VIX dropped 3.01%.

Out of 1,979 stocks traded on the NSE, 1,224 advanced, 324 declined and 431 remained unchanged today.

A total of 51 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.

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D-Street shines on exit poll predictions; Nifty above 10350 mark

Benchmark indices extended gains for the second day after exit polls released late on Thursday indicated that Bharatiya Janata Party is expected to win Gujarat and Himachal Pradesh assembly elections.

At 9:48 AM, the BSE Sensex was trading at 33,595, up 348 points, while the Nifty50 index was ruling at 10,362, up 111 points

In broader markets, both BSE Midcap and BSE Smallcap indices gained 1% each

Shares of GMR Infrastructure rose 2.4% after the company said that a consortium led by GMR Group has emerged as a preferred bidder for a project to develop the Clark International Airport in The Philippines.

All sectoral indices on the NSE were in the green led by Nifty Metal, Nifty Infrastructure index that rose 1.2-1.6%.

Vedanta (+3.3%), HDFC Bank (+2.6%), Yes Bank (+2.1%), Hindalco (+2%) and GAIL (+1.9%) were the top gainers on the Nifty50.

Tech Mahindra (-0.84%), UltraTech (-0.19%), Wipro (-0.14%), Power Grid (-0.02%) and TCS (-0.01%) were the top losers in today’s trade.

India VIX fell 13.48%.

Out of 1,977 stocks traded on the NSE, 1,335 advanced, 241 declined and 401 remained unchanged today.

A total of 25 stocks registered a fresh 52-week high in trade today, while 12 stocks touched a new 52-week low on the NSE.

Meanwhile, the Indian rupee scaled a fresh 3-month high of 64.12 against the dollar in early trade on Friday. The currency opened 19 paise up at 64.15 against the dollar on Friday.

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Nifty slips below 10,300 ahead of Nov WPI data

Benchmark indices opened on a negative note tracking weak cues from other Asian equities and on account of investors booking profits ahead of the release of key economic data later today.

Banking stocks were trading down led by losses in Bank of Baroda, ICICI Bank and State Bank of India. 

At 9:51 AM, the Nifty50 Index was down 27 points or 0.26% at 10,295 points, and the BSE Sensex was at 33,383, down 0.22%.

Shares of Dr.Reddy's Laboratories jumped 4.1% after the US Food and Drug Administration cleared the company's unit-3 in Hyderabad.

Shares of Oil & Natural Gas Corp rose 1.2% after the global crude oil prices hit their highest level since 2015 overnight.

The broader markets were also trading on a subdued note with the BSE MidCap Index and S&P BSE SmallCap Index edging marginally lower.

On the sectoral front, Metal, Pharma, Media and Auto were the top gainers, while Pvt Banking, FMCG, PSU Bank, and Realty Index were the top losers on the NSE.

Dr.Reddy’s (+4%), Vedanta (+2.7%), GAIL (+2.3%),Hindalco (+1.9%) and ONGC (+1.87%) were the top gainers on the Nifty50.

HPCL (-2.3%), Asian Paints (-1.94%), BPCL (-1.9%), IOC (-1.8%), Eicher (-1.6%) were the top losers in today’s trade.

India VIX gained 1.78%.

Out of 1,974 stocks traded on the NSE, 716 advanced, 839 declined and 419 remained unchanged today.

A total of 52 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.

Meanwhile, the Indian rupee opened higher at 64.41 per dollar against yesterday's close of 64.46.
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Nifty reclaims 10,100 mark; Metal, PSU Bank Indices lead

Domestic benchmark indices opened higher today led by gains in shares of banks, energy and automobiles company, and on positive cues from Asian markets.

At 10 AM, the Sensex jumped 181 points or 0.65% at 32,778 while the NSE Nifty gained 58 points or 0.55% to 10,102.

The BSE Midcap index and BSE Smallcap index was up by 0.8%. Both these indices outperformed the Sensex.

All sectoral indices on the NSE were trading in the green.

GAIL (+2.7%), Tech Mahindra (+2.1%), Bosch (+2%), Aurobindo Pharma (+1.8%) and Tata Steel (+1.4%) were the top gainers on Nifty50.

HCL Tech (-0.3%), Sun Pharma (-0.1%), Wipro (-0.04%), TCS (-0.03%) and HDFC Bank (-0.01%) were the top losers in today’s trade.

India VIX dropped 1.64%.

Out of 1,975 stocks traded on the NSE, 1294 advanced, 316 declined and 410 remained unchanged today.

A total of 25 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.

IDBI Bank was up 1.28%. The bank said that its board of directors has approved the d sale of 27.99 lakh equity shares of National Securities Depository (NSDL), constituting 7% of its total paid up equity capital, held by IDBI Bank.

Hatsun Agro Product was up 2.28%. The company said that the board of directors of the company has considered and approved raising funds for the company by way of issue of securities to the existing equity shareholders of the company on a rights basis aggregating up to Rs900cr.

IRB Infrastructure Developers fell 4% today as the Central Bureau of Investigation has filed a charge sheet with a Pune court against its arm for alleged illegal purchase of government land.

Asian shares hovered near two-month lows as softer oil and copper prices and uncertainty over US policy kept many investors on the sidelines, even as some high-tech bellwethers bounced back after a searing sell-off.

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Sensex, Nifty open weak ahead of RBI policy; metal stocks drag

Benchmark indices opened lower today as caution prevailed ahead of RBI's monetary policy review outcome and on weak cues from the global markets.

Nifty was weighed down by losses in the metal and commodity companies following a sharp decline in the global copper prices. The Nifty Metal and Nifty Commodity index were down 1.7% and 0.6% respectively.

At 9:48 AM, the Nifty 50 was at 10,102, down 17 points or 0.16% from the previous close. The BSE Sensex was at 32,753, down 50 points or 0.15%.

The BSE Midcap index was down 0.61%, while the BSE Smallcap index remained unchanged.

Shares of Shilpa Medicare were down 4% as the USFDA issued 10 observations to the company's Telangana unit.

Shares of Dish TV fell over 1% after the company posted a consolidated loss for Jul-Sep as against net profit a year ago.

Tech Mahindra (+1%), Reliance Ind (+1%), Infosys (+1%), Kotak Mahindra Bank (+1%) and Zee Ent (+0.69%) were the top gainers on Nifty 50.

Hindalco (-2.5%), Vedanta, Tata Steel (-2%), Bajaj Auto (-1.2%) and Eicher (-1.1%) were the top losers in today’s trade.

India VIX dropped 0.51%.

Out of 1,971 stocks traded on the NSE, 902 advanced, 663 declined, and 436 remained unchanged today.

A total of 39 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

Meanwhile, the Indian rupee opened lower at 64.43 per dollar against Tuesday’s close of 64.38.

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Market opens in red, Nifty slips below 10,100; RCom down 5%

The benchmark equity indices Sensex and Nifty opened on a negative note on Tuesday ahead of the kickstart of two-day RBI policy review. 

At 9.25 am, the 30-share Sensex was trading 58.87 points, or 0.18 per cent, lower at 32,810. The index was up over 150 points in the morning trade. The NSE barometer Nifty50 index was trading 15.50 points, or 0.15 per cent, lower at 10,112.25 around the same time. 

Investor sentiment was weak after Fitch Ratings pared India’s growth forecast for this financial year to 6.7 per cent from 6.9 per cent estimated earlier citing lower-than-expected recovery in the second quarter. For 2018-19, the credit rating agency has cut the forecast to 7.3 per cent from 7.4 per cent. 

Meanwhile, brokerages were largely expecting a status quo on the policy rate. 

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Nifty slips below 10,150; Infosys, Tata Motors up 2%

Indian equity benchmarks moved higher led by gains in Infosys. However, the market gave up early gains as Reliance Industries, L&T and Sun Pharma came under selling pressure.  

At 10:06 AM, BSE Sensex was up 44 points to 32,872 and the NSE Nifty50 Index up by 7 points to 10,129.  

The BSE Mid-cap Index and BSE Small-cap Index are trading lower at 16,688 and 17,918 respectively.  

Some buying was seen in IT and Tele Communications, while power, capital goods, utilities, FMCG, banking and consumer durables showed weakness on the BSE.  

Infosys, Tata Motors, Indiabulls HF, ONGC and Bharti Airtel gained the most on Nifty50.  

Adani Ports, HPCL, Wipro, Bajaj Finance and Sun Pharma were the top losers.  

India VIX rises by 2.60% at 15.18 level.  

Out of 1,989 stocks traded on the NSE, 623 advanced, 915 declined, and 451 remained unchanged today.  

A total of 35 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.  

Meanwhile, the Indian rupee opened little changed against the US dollar ahead of the key Reserve Bank of India’s monetary policy review.  

Among stocks, Biocon surged 10% as the USFDA approved Mylan and Biocon's Ogivri, the first biosimilar for Trastuzumab, for the Treatment of HER2-Positive breast and gastric cancers.  

Shares of Dr. Reddy's Laboratories rose over 1% after the US FDA cleared the company's pharmaceutical services facility at Miyapur near Hyderabad.  

Shares of Infosys gained 3% after the company on Saturday appointed Salil S. Parekh as the chief executive officer and the managing director of the company, starting Jan 2.

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Sensex, Nifty flat; Realty Index gains 2%

Indian stock market continued to consolidate in morning ahead of expiry of November derivative contracts on Thursday.

Indices were trading flat on the back of fresh gains in blue-chips like Reliance Industries, ITC and L&T. Also, ahead of the expiry of the current derivatives series on Thursday and GDP date later this week.

As on 11:05 AM, the BSE Sensex was up 27 points at 33,645 and the NSE Nifty rose 9 points to 10,379.

The BSE MidCap Index rose 0.26% and the BSE SMallCap Index advanced 0.60%.

Bosch, Coal India, Aurobindo Pharma, GAIL and Sun Pharma gained the most on Nifty50, while Axis Bank, HDFC, UPL, Tech Mahindra and Yes Bank were the top losers.

Some buying was seen in realty, pharma, auto, media, metal and PSU bank sectors, while private banking, IT and financial services sectors showed weakness on the NSE.India VIX slipped by 1.40% at 12.96 level.

Out of 1,983 stocks traded on the NSE, 1,011 advanced, 596 declined, and 376 remained unchanged today.

A total of 92 stocks registered a fresh 52-week high in trade today, while six stocks touched a new 52-week low on the NSE.

News Highlights:

Nifty Realty Index gains 2%. Prestige, Sobha (+8%), HDIL, Godrej Prop, Oberoi Realty (+2%).

Coal India is considering hiking salary of its executives, which may cost the company about Rs 800 Cr, as per media reports. Stock rises 2.5%.

RCom enters into binding Share Purchase Agreement with Pantel Technologies to sell 100% of DTH business. Stock up 1%.

Technofab Engineering received order in the domestic water sector worth Rs 281 Cr. Stock hits 20% upper circuit.

GNA Axles stock slips 4% after 10 lakh shares or 5% equity change hands at Rs 390.35-395.30/sh on the BSE.

Action Construction Equipment stock falls 7% after 45.2 lakh shares or 3.8% equity change hands at between Rs 134.35-139.5/sh on the NSE. 

Alkem Labs stock rallied 4% on US FDA nod for Capecitabine tablets.

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5 Best Equity Trading Tips for Beginners

A novel trader who is starting his trading career in the stock market may really get bewildered simply and can acquire huge loss in the stock market trading.

So, if you are a beginner, then, here we are offering the five best equity tips, which the traders must go after before entering into the equity market.

1) The trader should primarily understand the fundamentals.

The traders should primarily understand the fundamentals and should attempt to get knowledge regarding market prior start trading at once. There are higher possibilities for the beginners to acquire huge loss in the market.

2) The trader should study some trading approach and should attempt to fix it.

The trader should go after some strategies and learn it before start spending in the market. The trader can carry out and do a lot of paper-work before start spending the actual money in the market.

3) The trader should not get inundated by the market conditions.

The trader should not get inundated and should also not get attracted by the market condition.

In reality, the trader should keep himself peaceful when trading.

4) The trader should not fear when the trade goes in the different direction than expected.

When trading there is a chance that the trade may go in the differing direction and we might acquire loss. In this condition the trader should do something serenely and should overcome by the outcomes.

5) The trader should not trade excessively.

The trader should attempt to do restricted trading. He should not be controlled by the feeling of excitement and voracity.

Therefore, given above are the methods a trader dealing in the equity market should bear in mind when trading. Also, they can find out the ability of trading by studying technical analysis. The technical analysis is a complete in depth area and needs time to learn. By having time and support of stock future tips he can be flourishing in the stock future market.

Some of the significant ideas employed in technical study are contriving the charts of different indicators. Indicators like moving standards and oscillators such as RSI are the key indexes to expect the price changes. The different characteristics offered in the charts such as crossing of two diverse changing averages will provide suitable buying or selling signals.

Trading with the use of charts

Trading depending on analysis of charts is the division of Technical Analysis. The charts are contrived amid the price changes on Y and Time on X axis. The time axis can be in use depending on the analyst’s selection. For instance, the charts can be 5 minute, 1 hour chart or 1 day chart, based on the time outline of analyst’s requirements. Also, different indicators are contrived to produce the buying and selling signals.

A trader can depend on the Stock Future Tips and Equity Tips produced by specialist technical analysts or can also trade on his own by understanding the Technical Study.

Nifty hovers around 10,350 mark; Metal Index drops

Share indices came marginally off lows in mid-afternoon in afternoon session, ahead of expiry of November futures & options contracts and OPEC meeting on oil output cut later this week.

Share indices came marginally off lows, ahead of expiry of November futures & options contracts and OPEC meeting on oil output cut later this week.

On the economy front, S&P Global Ratings retained India's sovereign rating at BBB-, with a stable outlook, a week after Moody's Investors Service upgraded India's rating. Jul-Sep GDP data  will be released in this week.

Among BSE sectoral indices, metal index fell the most by 0.98%, followed by 0.57%, FMCG 0.54%, oil & gas 0.25% and energy 0.24%. On the other hand, realty index was up 1%, consumer durables and capital goods 0.68% and power 0.29%.

At 2:10 PM, BSE Sensex down 41 points to 33,638 and the NSE Nifty50 Index slipped 17 points to 10,373.

The broader markets were outperforming with the BSE MidCap Index up 0.27% and the BSE SmallCap Index up 0.53%.

NTPC, Axis Bank, UPL, ONGC and Infratel gained the most on Nifty50, while Hindalco, HPCL, IndusInd Bank, Adani Ports and Indosys were the top losers.

India VIX rose by 0.83% at 13.32 level.

Out of 1,995 stocks traded on the NSE, 939 advanced, 720 declined, and 336 remained unchanged today.

A total of 106 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.

Ramco Systems gets order from Saudi Arabia-based co. Stock spurts 3.5%.

Adani Enterprises stock down 2% after voting in Queensland state Election.