Power companies, miners and oil refinery companies opened in the red today. Among the lead gainers were real estate companies and banks. Sensex was down 29 points to 33,693 and the Nifty50 Index slipped 4 points to 10,396. The mid cap and small cap shares outperformed the large cap shares. The S&P BSE MidCap Index rose 0.39% and the S&P BSE SmallCap Index advanced 0.55%. UPL, IndusInd Bank, Adani Ports, Cipla and HDFC gained the most on Nifty50, while NTPC, ONGC, Power Grid, BPCL and IOC were the top losers. Meanwhile, rupee opened lower at 64.55 per dollar against yesterday’s close of 64.50. Some buying was seen in banking, auto, realty and financial services sectors, while metal, media, FMCG, IT and pharma sectors showed weakness on the NSE.
Best Stocks to Buy Sell Today : 28th November 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 which the market will look.
Reliance Communications – China Development Bank has filed a banker’s petition in the NCLT against Reliance Communications. The bank has to recover about 9000 crores from Reliance Communications.Sources say that China Development Bank has sought to compensate the debt under the Bankruptcy Code. Whereas, Reliance Communications will sell non-core DTH business to Big TV, Panettel Tech and WeCon Media. The Big TV license will continue the service.
IDBI Bank – IDBI Bank Board has approved the sale of 74 million shares of the NSE.
Rallis india – Franklin Templatton has bought 17.81 lakh shares of Rallis India at the price of 230 rupees per share.
Whirlpool – Axis Capitol has advised to stay in Whirlpool. Axis Capital has set a target of 1488 rupees for Whirlpool. Axis Capital believes that Whirlpool’s profits and sales are expected to grow by 15-20% during the year 2018-20 on a yearly basis.
IGL / GAIL / Petronet LNG – Gas companies have the advantage of stopping the use of stomach coke. The consumption of natural gas will increase the use of stomach coke. Use of stomach coke in NCR, Rajasthan, Uttar Pradesh and Haryana has been banned.