Equity benchmark indices reversed yesterday’s losses and opened higher tracking global clues. The Nifty 50 has regained 10,350 mark and Sensex soared 480 points. The Indian rupee strengthened for the third straight session and opened at 73.79 a dollar against US dollar. On the sectoral front, maximum gains are visible in banking, auto, metals and pharmaceutical sectors. The market breadth was positive as 624 shares advanced while, 168 shares declined and 2,635 shares remained unchanged.
Momentum Stocks For Today
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.
IOC / HPCL / BPCL / Interglobe Aviation / Jet Airways / SpiceJet / Apollo Tires / Ceat / Asian Paints / Berger Paints – Crude oil has seen a decline of about 3 per cent. Brent Crude has come to the level of $ 80 a barrel in the global market. A fall in crude oil will affect oil marketing companies. Also aviation, tire and paint companies will also benefit.
Bank of baroda – MD and CEO of Bank of Baroda, PS Jayakumar has got an extension. PS Jayakumar got a one-year extension.
D-Link / SmartLink / ITI / Tejas Network – Import duty on mobile linked goods has been increased. At the same time, 10 per cent duty has been levied on PCBA of 9 products. Imports duties have been increased on 15 products. Duty on OTE has been increased from 10 per cent to 20 per cent. At the same time, duty on IP radio has been increased from 10 percent to 20 percent. Duty on internet connected switch has been 20 percent. At the same time, duty on LTE products related to the IT sector has been reduced to 20 percent.
United Breweries –The Computation Commission raided the United Breweries office. The Commission has searched the allegation of fixing the prices by stamping it. Apart from United Breweries, two more liquor companies have raided.
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