Monday, 1 September 2014

Sensex, Nifty at record high; top fifteen stocks in focus - Economic Times

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NEW DELHI: The S&P BSE Sensex rallied over 80 points in trade on Tuesday to hit its fresh record high of 26,960.52, while the Nifty too registered a fresh life-high of 8,057.30 in trade today.

At 10:00 a.m.; the 50-share index was at 8,056, up 31 points or 0.39 per cent. It touched all-time high of 8,062.25 and a low of 8,036.55 in early trade.


The S&P BSE Sensex was at 26,953.36, up 85 points or 0.31 per cent. It touched all-time high of 26,960.52 and a low of 26,886.22 in early trade.


"Investors definitely need to exercise caution considering the fact that markets have already run up quite a bit. But to say that there is no scope to invest in this market, I would not agree to that," said Sudip Bandyopadhyay, President, Destimoney Securities Pvt. Ltd.


"There are still enough and more opportunities. Infrastructure as an area, real estate as an area, the entire power sector as an area still is a long-long way to go and these will go on the back of the reforms, on the back of removal of the bottlenecks which have been plaguing these sectors," he added.


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


NTPC, Jaiprakash Associates: NTPC, GVK Group and Jaipraksah Associates are among developers of 40 producing captive coal blocks and six soon-to-be operational mines that are likely to be spared from cancellation by the Supreme Court as the government on Monday sought special dispensation for them.


At 10:00 a.m.; NTPC was trading 0.5 per cent lower at Rs 139.15 and Jaiprakash Associates was down 1.4 per cent to Rs 47.50.


ONGC: As Oil Ministry looks into reasons for delay in ONGC's KG basin gas development, the state-owned firm says it lost three years because the ministry and DGH refused to approve its partnership with Norway's Statoil and Petrobras of Brazil for the block.


At 10:00 a.m.; the stock was trading 0.8 per cent lower at Rs 435.70.


Cipla Ltd: Cipla Ltd has launched an anti-asthma inhaler in Germany and Sweden that is a generic version of GlaxoSmithKline Plc's Advair, a move that will further dent sales of the British firm's top-selling product.


At 10:00 a.m.; the stock was trading 7 per cent higher at Rs 566.75.


Tata Steel Ltd: Continuous Annealing and Processing Company Private Limited, a 51:49 joint venture between Nippon Steel Corporation & Sumitomo Metal Corporation (NSSMC) of Japan and Tata Steel, inaugurated a new Rs 2,750 crore advanced auto steel facility.


At 10:00 a.m.; the stock was trading 0.16 per cent higher at Rs 524.90.


SBI: State Bank of India (SBI) today signed a loan agreement with the Japan Bank of International Cooperation (JBIC) to set up an export credit line in two currencies worth USD 152 million.


At 10:00 a.m.; the stock was trading 0.5 per cent higher at Rs 2516.


Apollo Hospitals Ltd: Healthcare major Apollo Hospitals Enterprise plans to add 3 more reach hospitals with a total bed capacity of 500 beds in the country at an investment of Rs 400 crore in the current financial year.


At 10:00 a.m.; the stock was trading 0.5 per cent higher at Rs 1195.


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