The Indian stock market rebounded after opening lower led by gains in ICICI Bank, Tata Motors and Tata Steel. The Nifty 50 Index reclaimed its crucial psychological level of 10K. Asian stock markets trade higher on Monday as investors in Asia awaited the release of China Caixin services PMI. Meanwhile, Nifty Pharma Index is gaining on bourses among the sectoral indices on NSE. The Indian rupee strengthened marginally against the US dollar in opening trade tracking gains in Asian currencies market.
Best Shares to Buy Today : 9th October Monday
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.
Titan / PC Jeweler / Thongamayel Jewelery / TBZ -The government has given great relief to the jewelers. Now there will be no need to provide pan or base on purchasing more than Rs. 50,000. Jewelery business has been excluded from PMLA.
Oriental Bank – RBI has taken strong action against the Oriental Bank of Commerce and has kept the bank in PCA category. In fact, the decision has been taken because of the NPA’s reaching 9.5% level of the bank. After this action of RBI, now there will be a ban on opening of new branches, hiring and loan to the weak companies for Oriental Bank.
Sobha – In the September quarter, the company’s sales grew 8.3 percent to Rs 680 crore.