Markets continue to maintain the upward momentum wherein Nifty gained 41 points and BSE Sensex gained 108 points. Broader market indices are also following the trend trading higher by nearly 1%. GAIL is the top Nifty gainer trading higher by 0.45% or 43 points at 9812 levels followed by Hindustan Petroleum Corporation up 3.75% at Rs 431.70 per share. Meanwhile, among sectoral indices on NSE, Nifty Realty is the top index gainer trading higher by 2.72% or 7 points at 273.70 level majorly contributed by Indiabulls Real Estate up 5.66% at Rs 219.10 per share, DLF up by 3.58% at Rs 167.65 per share and Prestige Estates Projects up 2.86% at Rs 277 per share. On the contrary, Phoenix Mills slipped 0.12% at Rs 498.45 per share. The S&P BSE Sensex is trading at 31,420 up 138 points, while Nifty is trading at 9816 up 47 points. A total of 16 stocks registered a fresh 52-week high in trade today, while 19 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 1.04% at 15,469, and BSE Small-cap Index is trading up 1.12% at 16,118. All sectoral indices on BSE are trading in positive territory except BSE IT index. GAIL, Hindustan Petroleum Corporation and Eicher Motors are among the gainers whereas Hindustan Unilever, Yes Bank and Power Grid Corporation are losing on the NSE.
Stocks to Buy Today : 29th September Friday
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.
GAIL – PNGRB has issued a Consultation Paper on Unified Tariff.In fact, all the interconnected pipelines in GAIL have the same tariff. If Gayle’s proposal was to be believed, then in the year 2018, income will increase 48 percent.
BEML – Karnataka Chief Minister Siddaramaiah has written a letter to Prime Minister Narendra Modi. The Karnataka government is in opposition to privatization of BEML. The Chief Minister of Karnataka has asked the central government to review the decision to sell the stake in BEML.
HCC – Loan restructuring of HCC subsidiary Lavasa Corp has got approval. The lender Joint Lenders Forum has taken this decision. Some part of the debt will be converted into equity. Also financial and strategic investors will also put new capital Apart from this, there will also be restructuring of loans in Lavasa subsidiaries.
Convenience Laundry – The company’s share is ready for buyback and the decision is possible in the board meeting on October 6.
Titan – The company admitted that second quarter could be weak. Due to GST, there is a possibility of an impact on sales. There is a possibility of not being particularly good in festivals.