The market continued to fall in morning trade, with the Nifty struggling below 9900 due to correction only in Reliance Industries and ITC. The 30-share BSE Sensex was down 200.73 points at 31,874.05 and the 50-share NSE Nifty fell 42.95 points to 9,873 but the broader markets outperformed benchmarks, rising 0.2 percent on recovery in market breadth. About 1039 shares advanced against 965 declining shares on the BSE. Reliance Industries slipped 1.5 percent on profit booking after rising more than 12 percent in previous 11 consecutive sessions.
Best Shares to Buy Sell Today : 18th July Tuesday
By keeping an eye on every movement of shares, your investment can be safely done. Here we are talking about such stocks which will remain in the news today and on whom the market will look.
Bad news for all cigarette companies including ITC. The government has increased cess on cigarettes. GST Council has imposed 28 percent GST on Cigarettes and 5 percent Cess. By increasing cess on cigarette, the government will get Rs 5000 crore annually.
The office of the company has reports of cyber attacks. However, according to the company the personal information of the client has not been affected. There is currently no problem with the systems and operations.
Rupa & Co. will enter the US market with its two brands. The company will sell premium brand Micromax and MicroWebman online. The company has tied up with international designers to increase sales. Both brands own 20% of the total sales in the company.
C & C will sell the entire share in construction of 2 projects of Roads Projects. The Board has already approved the sale of the stake.
HCL Info will sell Apple products. This week will be the deal for distribution partnership.
Indiabulls Housing has issued a notice to the Golden Tobacco for selling property in Marol of Mumbai.