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Parag Milk Foods
HIL
HCL Infosystems
Power Finance Corporation
Zydus Wellness
Corporation Bank
Hatsun Agro
Avenue Supermarts
(Source: Bloomberg)
The overall trend of the market is bullish and buy on dip strategy will continue to work till Nifty trades above 11,700 mark. 12,000-12,100 is one supply area but once Nifty will cross 12,100 mark, it may see further bullish momentum where 12,300 will be an immediate target.Santosh Meena, Senior Analysts at TradingBells
Indian equity benchmarks traded lower.
The S&P BSE Sensex fell 0.25 percent to 40,252 as of 1:30 p.m. and the NSE Nifty 50 fell 0.15 percent to 11,876.
Shares of Bharti Airtel extended gains for the second consecutive trading session. The stock rose as much as 7 percent to Rs 420.55, the highest since Jan. 25, 2018.
The company has withdrawn its bid to purchase assets of Reliance Communications Ltd. after terming the move of committee of creditors to extend the bid submission deadline on the request of Reliance Jio as ‘extremely unfair’ and ‘biased’, according to PTI report.
Of the shares traded, 44 percent were at the ask price and 37 percent were at the bid, according to BloombergQuint
Source: Bloomberg quoting people familiar with the matter.
Nifty’s 11,900 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Nov. 21, rose 16.47 percent to Rs 68.60. Over 5.17 lakh shares were added to the open interest which stood at over 19.21 lakh shares.
Indian equity benchmarks erased opening gains.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,322 and 11,896 respectively as of 10 a.m. The broader markets represented by the NSE Nifty 500 Index, too, traded little changed.
Shares of Gayatri Projects fell as much as 8.4 percent to Rs 90.
The stock has declined 13 percent in the past five days and fell 23 percent in the past 30 days, Bloomberg data showed.
Trading volume was more than four times its 20-day average, Bloomberg data showed. Of the shares traded, 12 percent were at the ask price and 77 percent were at the bid.
Shares of Aster DM Healthcare fluctuated between gains and losses and rose 0.9 percent to Rs 150.55.
The company, which currently operates 13 hospitals and eight clinics across India, is planning to make a foray into the diagnostics segment in order to scale up business in the country, its top official told PTI.
The Relative Strength Index was above 70, indicating that the stock may be overbought, according to Bloomberg data.
Shares of Bharat Petroleum Corporation Ltd. rose as much as 4.1 percent to Rs 527.30. The stock was the best performer on Sensex and Nifty.
“The government is looking to wrap up the sale of state-run airline Air India and oil refiner and marketer Bharat Petroleum Corporation (BPCL) by March,” Union Finance Minister Nirmala Sitharaman told Times of India.
Trading volume was almost seven times its 20-day average, Bloomberg data showed. Of the shares traded, 46 percent were at the ask price and 33 percent were at the bid.
Shares of Glenmark Pharmaceuticals extended gains for the third consecutive trading session. The stock rose as much as 6.8 percent to Rs 321.40.
That comes after brokerage and research firm CLSA upgraded the stock to ‘Buy’ from ‘Sell’ and hiked price target to Rs 410 from Rs 350.
Here’s what CLSA had to say about the drugmaker:
Indian equity benchmarks opened higher, extending gains for the third consecutive trading session.
The S&P BSE Sensex rose 0.34 percent to 40,498 and the NSE Nifty 50 rose 0.33 percent to 11,934.50. The broader markets represented by the NSE Nifty 500 Index rose 0.28 percent.
The market breadth was tilted in favour of buyers. About 941 stocks advanced and 516 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty PSU Bank Index’s 1.4 percent gain.
Indian equity indices are set to open higher.
The S&P BSE Sensex rose 0.38 percent to 40,504 while the NSE Nifty 50 rose 0.13 percent to 11,911.
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