Out of 10 most valued Indian companies, seven companies together gained Rs 63,443.82 crore in market capitalization (M-cap) last week, with Reliance leading the pack with the maximum rise.HDFC, Maruti Suzuki India, and HDFC Bank suffered losses in their m-cap for the week ended Friday and the rest are witnessed rise that includes ITC, TCS and Hindustan Unilever Limited.
Benchmark indices opened higher on Tuesday following the optimistic cues from the Wall Street’s record of Friday’s closing. BSE Sensex rose 187 points to open at 31,421 levels while NSE Nifty added rose 55 points to 9843 levels.
The RBI’s 2-day bi-monthly policy meeting will be starting from today. The result of RBI policy meeting and investment trend of overseas investors, macro-economic data points will dictate the Indian stock markets this week. Meantime, FPIs pulled out over Rs 11,000 crore from stock markets in September 2017.
The BSE Sensex and NSE Nifty open flat to lower on Monday as cues from Asian markets are mixed. The Indian rupee opened little changed against the USD. Markets may witness volatility during this week ahead due to derivatives expiry next week and the recent spike in worries on the Korean peninsula.
After opening on a passive note, Nifty has again lost ground led by selling pressure in the Pharma stocks and realty stocks, but the Metals index showed positive signals.
Buzzing stocks: Stocks of Raymond hits fresh 52-week high with growing volumes.
Shares of Apex Frozen Foods IPO list at Rs 202 on NSE with a price band at Rs 175.
Stocks of NMDC rises over 2 percent after the company increased iron ore prices by Rs 175 per tonne for September.
Stocks of TVS Motors gains 1.5 percent after company’s August sales rose 16 percent.
Ajanta Pharma Stock advanced 1 percent after the company obtained USFDA approval for generic of Comtan tablets, while Sun Pharma down marginally seeing single digit decline in revenues for FY18.
The companies such as JBM Auto, Film Industries, Manali Petrochemicals, Salasar Techno are excepted the announce their results today.