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    Sensex rallies over 100 points, Nifty holds 8350; top fifteen stocks in focus

    Synopsis

    The S&P BSE Sensex rallied as much as 120 points in trade on Tuesday, led by gains in HDFC, HDFC Bank, ICICI Bank, L&T and TCS.

    ET Online
    NEW DELHI: The S&P BSE Sensex rallied as much as 120 points in trade on Tuesday, led by gains in HDFC, HDFC Bank, ICICI Bank, L&T and TCS.

    Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 8350, supported by gains in pharma, capital goods, auto and banking stocks.

    At 10:10 a.m.; the 50-share index was at 8,365.20, up 21 points or 0.26 per cent. It touched a high of 8,376.45 and a low of 8,353.25 in early trade.

    The S&P BSE Sensex was at 27,956.66, up 79 points or 0.29 per cent. It touched a high of 27,994.76 and a low of 27,909.62 in early trade.

    "We believe this time-wise consolidation will be over soon and the index would resume its up trend," says Jayant Manglik, President-retail distribution, Religare Securities.

    "Meanwhile, participants can find ample opportunities across the board by following stock specific approach. Also, they should avoid contrarian approach and be with the market trend," he adds.

    Here is a list of fifteen stocks which are in focus today:

    NBFCs: The RBI has issued a revised regulatory framework for NBFCs, with a view to reduce regulatory gaps/arbitrage that NBFCs enjoyed vis-à-vis banks and create a level-playing field.

    At 10:10 a.m.; Muthoot Finance was trading 0.2 per cent lower at Rs 195.

    Jet Airways Ltd: Jet Airways has reduced its debt by 7% since the beginning of this fiscal year, even as it readies itself for more funding from its strategic partner Etihad Airways.

    At 10:10 a.m.; the stock was trading 0.4 per cent lower at Rs 267.50.

    Coal India Ltd: Union Coal Secretary Anil Swarup Monday said the state-owned Coal India Ltd (CIL) would mine 1,000 million tonnes of coal by 2019 -- doubling its present production of 500 million tonnes.

    At 10:10 a.m.; the stock was trading 0.8 per cent lower at Rs 346.45.

    HCC Ltd: Lavasa Corp. Ltd, the real estate arm of engineering company Hindustan Construction Co. Ltd (HCC), has received approval from the capital market regulator to launch its much-delayed initial public offering (IPO).

    At 10:10 a.m.; the stock was trading 9.8 per cent higher at Rs 37.50.

    Jindal Steel & Power Ltd: Jindal Steel and Power is likely to list its Oman-based wholly-owned subsidiary Shadeed Iron and Steel LLC in Muscat Securities Market for raising around $ 500 million, said a company source.

    At 10:10 a.m.; the stock was trading 1.4 per cent higher at Rs 158.

    Wockhardt: Mumbai-based Wockhardt plans to open two more hospitals in the country by 2017, taking its total tally to 11.

    At 10:10 a.m.; the stock was trading 1.3 per cent higher at Rs 821

    DB Realty Ltd: Despite lower sales, DB Realty today reported a sharp increase in its consolidated net profit at Rs 10.01 crore for the second quarter ended September 30, 2014-15.

    At 10:10 a.m.; the stock was trading 3.7 per cent higher at Rs 70.05.

    Tata Chemicals Ltd: Tata Chemicals posted 91 per cent jump in its consolidated net profit at Rs 257.01 crore for the quarter ended on September 30, 2014.

    At 10:10 a.m.; the stock was trading 0.2 per cent higher at Rs 424.50.

    Dena Bank Ltd: Dena Bank's net profit fell by over 51 per cent to Rs 51.58 crore in the second quarter ended September 30, 2014-15.

    At 10:10 a.m.; the stock was trading 1.2 per cent lower at Rs 60.60.

    Godrej Industries Ltd: Godrej Industries, part of Godrej Group, today reported 1.67 per cent growth in consolidated net profit to Rs 95.16 crore for the second quarter ended on September 30, 2014-15.

    At 10:10 a.m.; the stock was trading 2 per cent lower at Rs 295.60.

    AB Group companies: Metals-to-telecoms Aditya Birla Group has revived plans to acquire the Indian assets - or at least some of the significant parts -- of Stemcor, one of the world's largest steel traders, majority owned by the Oppenheimer family.

    At 10:10 a.m.; AB Nuvo Ltd was trading 0.3 per cent higher at Rs 1722.

    RCF & BPCL: Rashtriya Chemicals and Fertilizers today said it has tied up with BPCL for setting up a Sewage Treatment Plant at Trombay, entailing an investment of Rs 200 crore.

    At 10:10 a.m.; RCF was trading 1.1 per cent higher at Rs 66.30 and BPCL was up 0.1 per cent to Rs 767.

    Kalpataru Power Transmission Ltd: The company disclosed a substantial rise in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 37.79% to Rs 427.00 million from Rs 309.90 million in the same quarter previous year, said media reports.

    At 10:10 a.m.; the stock was trading 2.3 per cent higher at Rs 170.30.

    ONGC: The government has decided to take back several of ONGC's small and marginal hydrocarbon fields where it has made little headway and auction them afresh with attractive incentives, in keeping with its plan to pick low-hanging fruit for increasing the country's oil and gas output.

    At 10:10 a.m.; the stock was trading 0.2 per cent higher at Rs 395.05.




    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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