Nifty has been struggling above the important mark of 9,900. The index may have strong support around 9770 while 9925 followed by 50-DMA of 9946 will act as resistance on the upside. Bank Nifty index has been hovering above the 24,100 mark. The index faces resistance around 24350 while 24000 will act as support on the downside. Godrej Agrovet Limited IPO is open for subscription from Wednesday and has received subscription of 4% as of 1045 hours. At 11 AM, the S&P BSE Sensex is up 124 points at 31,621, while Nifty is up by 42 points at 9,901. A total of 21 stocks registered a fresh 52-week high in trade today, while 31 stocks touched a new 52-week low on the NSE. There are 1,095 advances, 492 declines and 375 unchanged stocks on NSE reflecting mixed sentiments floating in the market. The BSE Mid-cap Index is trading up 0.58% at 15,645, while BSE Small-cap Index is trading up 0.76% at 16,316 level. Some buying activity is seen in Healthcare, Capital Goods and Bankex sectors, while Telecom, Metal and IT are showing weakness on BSE. Hindustan Petroleum, Aurobindo Pharma, Indiabulls Housing Finance, Dr Reddy’s and Lupin are among the gainers, whereas Coal India, Bharti Airtel, TCS, Eicher Motors and Tata Motors are losing on the NSE.
Best Shares to Buy Today : 4th October Wednesday
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.
SJVN / NHPC – Today the important meeting of the cabinet and the CCEA is going to be held. Decision is taken if additional amount is given to SJVN’s Rampur Hydro Project An additional amount of Rs 2100 crore can be given as revised cost. Revised cost can be approved for Rs. 4233 crores.
Ahluwalia Contract – Ahluwalia contracts got an order worth Rs 556 crore. The company has received orders for institutional and residential buildings. Along with this, an order was made for the colony in Delhi’s Mohammedpur. The company will also build the Bennett University building in Greater Noida.
Hero motocorp – On a year-on-year basis, Hero MotoCorp’s sales increased 6.8 percent in September. Hero MotoCorp sold 7,20,000 vehicles in September this year. On the other hand, Hero MotoCorp sold 6,74,000 vehicles in September last year.
Apollo Tires – Company’s QIP issue has opened. Company’s QIP issue is open at a price of Rs 250.44 per share.
Bharat Forge – Sales of Bharat Forge trucks in the US increased by 62% in September. During the month of September, the total sales of Bharat Forge in the US increased by 62% to 22,100 units during the year-on-year basis.
Let’s know some of the favorite market share market experts who will give you better earning opportunities.
Hindustan Zinc : Buy (for 1-2 days), Stoploss – Rs 309, Target – 324
PC Jewelery : Buy (for 2-3 days), Stoploss – Rs. 342, Target – 372
Lupine : Buy, stoploss – Rs 1002, target – Rs 1055
Bharti Infratel : Buy, Stoploss – Rs 399, Target – Rs 419
Godrej Consumer : Buy, Stoploss – Rs 945, Target – 990
Adani Enterprises : Sell, StopLoss – Rs 115, Target – 106