Nifty has been moving upwards during the morning trade erasing opening losses. The index is trading at its high point of the day with positive sentiments. It has recovered by around 70 points from its intraday low. The index has immediate resistance at 9,780 followed by 9,800 while on the downside, 9,685 and 9,650 remains the immediate support levels. The index can see fresh low levels if it breaches 9,685 mark.The S&P BSE Sensex is trading at 31,264 up by 104 points, while Nifty is trading at 9,756 up by 20 points. A total of 8 stocks registered a fresh 52-week high in trade today, while 49 stocks touched a new 52-week low on the NSE. There are 823 advances, 699 declines and 428 unchanged stocks showing mixed sentiments in the market. The BSE Mid-cap Index is trading marginally up by 0.82% at 15,317, while BSE Small-cap Index is trading up by 0.81% at 15,925. There is some buying activity seen in the Healthcare, Banks and Capital Goods while the selling activity is seen in the Telecom, IT and Consumer Durables sectors on BSE. Dr Reddy’s, ACC, ITC, Ambuja Cements and Hindalco are among the gainers, whereas Asian Paints, Indiabulls Housing Finance, Eicher Motors, Aurobindo Pharma and BPCL are losing sheen in the Nifty50 index.
Best Shares to Buy Today : 28th September Thursday
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 which the market will look.
ONGC / IOC / GAIL / MRPL / HPCL – ONGC can sell stake in IOC and GAIL. Such a decision is possible for ONGC to fund the HPCL deal. ONGC Chairman has given a statement. ONGC Chairman says that the deal is expected to be completed by December 2017.
GE power india -GE Power India got an order worth Rs 328 crore from the other power systems.
JSPL – JSPL plans to raise funds. JSPL is preparing to raise funds by issuing preferential shares and warrants. Approval in the board meeting is possible on 3rd October.
Chinese companies / Praj Industries – Ethanol prices may increase by Rs 2 per liter. Petroleum Ministry will seek approval from the Cabinet for the increase in ethanol prices.
Cyient – Amanda Holdings has bought 30.79 lakh shares of the client. Birla Sunlife 95 Fund bought 16.89 lakh shares of SAYT. Birla Sunlife Pure Value has bought 6.3 million shares of the client. DSP Blackrock Small bought 8.32 lakh shares of the client. Government Pension Fund has bought 14.53 lakh shares in the SAINT. All these deals are at a price of Rs 475 per share.