On the first trading session of this week, Indian equity market gave a poor opening and consistently working hard to hold up the market. In Equity Market, Sensex is live at 278998.86 with the loss of 153.54 points and Nifty is at 8620.30 with the loss of 51.85 points. BSE Consumer Durable sector is trading at the bottom with the fall of 1.32% and followed by BSE IT and Auto.
Today’s Top NSE Gainers – Adani Ports, Cipla, Hindalco, BPCL, Tata Power, Power Grid Corp, Kotak Mahindra, Larsen, Yes Bank and Tata Steel.
Today’s Top NSE Losers – Bahrti Airtel, Tata Motors, Aurobindo Pharma, Bosch, Tech Mahindra, Grasim, Tata Motors(D), HDFC, Axis Bank and Sun Pharma.
Tuesday Morning Hot Stocks Updates –
- The rating agency Fitch has raised questions on the balance sheet of Dhanlakshmi Bank. According to the Fitch, the Capital Adequacy Risk of Dhan Lakshmi Bank has been increased and the bank hasn’t given the interest on debt instrument. Definitely this is not a good news for the Dhan Lakshmi’s stock. However, in the defense the bank has said that RBI had advised them to return the money later.
- A discussion is going on with Russia and Saudi Arab for stabilizing the price of crude, which has already caused the gain in Crude oil prices in the market. This jump will definitely give big hikes to the ONGC and Oil India Stocks. Both the stocks are currently trading in negative zone.
- The deal between GMR Infra and Malaysia’s Tenaga has been approved by the competition commission. This deal is worth of 30 crore Dollar. After a big jump in the morning session, the stock of GMR infra has slipped down.
Best Stock To Buy Today (Tuesday) : 16th August
Buy Oil India above: 370.56 Targets: 375.20 — 380.06 — 384.95 Stoploss : 365.77