Stocks market News
Paytm has informed the exchanges about its plans to buyback shares as its management believes that it will be beneficial for its shareholders. The company said that its decision for the same comes from its strong financial position and liquidity. A board meeting will be held on December 13 for the approval of the company`s first ever share buyback.
The stock markets are back on track as they shunned a four-day-long losing streak buoyed by gains in select banking and auto counters. The 30-share BSE Sensex opened lower but gained momentum as the session progressed, before finally ending 160 points higher at 62,570.68. The broader NSE Nifty advanced 48.85 points to settle at 18,609.35, with 27 of its constituents closing in the red. Market analysts have picked up their choice of stocks and investors may bet on these shares on Monday. The five stocks are JB Chemicals, HDFC Bank, Colgate-Palmolive, SBI and BPCL. These stocks are recommendations of experts and investors should take an informed decision. Now let's look at their target prices and stop losses:
Top 7 Stock Picks: The stocks market today fell for the second straight session as the 30-share BSE benchmark dipped 33.9 points or 0.05 per cent to settle at 62,834.60. The broader NSE Nifty eked out marginal gains and ended 4.95 points or 0.03 per cent higher at 18,701.05. The markets dipped due to a volatile trade as investors looked to book profit in oil, IT and auto stocks ahead of the RBI policy announcement on December 7. Stock brokerage houses have picked their shares for the investors on Zee Business and these include ICICI Bank, Symphony, Supreme Industries and Mahindra and Mahindra among others.
ESIC has approved a proposal to invest its surplus funds in the stock market through exchange traded funds (ETFs). The decision was taken in the 189th meeting of ESIC held on Sunday at ESIC headquarters. Due to relatively low returns on investments in various debt instruments, ESIC gave its approval for investments of surplus funds in equities restricted to ETFs.
The stock markets settled a bit lower halting their eight-day rally during which the equity benchmark indices hit a record high as well. The Sensex and Nifty were dragged down by a weak trend in global markets and the emergence of profit-taking. The 30-share BSE Sensex fell 415.69 points to close at 62,868.50. The broader NSE Nifty dipped 116.40 points to end at 18,696.10. As the markets will open on Monday, December 5, after two days of holiday, brokerages have already given their calls for multiple stocks that will be in focus next week. These include Paytm, SBI Cards and EID Parry. The above stocks have been suggested by experts/brokerage houses to Zee Business and neither Zee News nor Zee Business vouches for these shares.
BSE Sensex and NSE Nifty traded lower today amid a weak trend in global markets, halting their eight-day rally during which they hit record highs. After beginning the trade on a negative note, the 30-share BSE Sensex further declined around 455 points to 62,828. The broader NSE Nifty dipped around 129 points to 18,682. While the markets continue their strong performance on average, brokerages have suggested some stocks that can help investors earn a decent return. The stocks have been suggested by brokerage houses to Zee Business and are not the views of Zee News/Zee Business. If you are planning to invest in stocks markets, you can check out these suggestions:
The BSE Sensex and NSE Nifty today ended at fresh lifetime peaks amid a firm trend in other Asian markets and a continuous inflow of foreign funds. The 30-share BSE Sensex gained 177.04 points to settle at 62,681.84, its fresh record closing high. The broader NSE Nifty advanced 55.30 points to end at 18,618.05, its fresh record closing high.
Uniparts India, an engineering systems and solutions provider, is all set to hit the stocks market with its initial public offering (IPO) tomorrow. The Uniparts India IPO is an offer for the sale of around 14,481,942 shares. The offer for sale includes 1,100,000 shares by The Karan Soni 2018 CG-NG Nevada Trust, 1,100,000 shares by The Meher Soni 2018 CG-NG Nevada Trust and 2,200,000 shares by Pamela Soni. According to reports, investors including Ashoka Investment Holdings will be selling 7,180,642 shares, Ambadevi Mauritius Holding 2,154,192 shares, Andrew Warren Code 177,378 shares, James Norman Hellene 177,378 shares and Kevin John Code 177,378 shares among others.
Stocks markets today opened flat as Sensex climbed 92.98 points to 61,888.02 in early trade while the Nifty advanced 44.4 points to 18,394.10 points. The Indian rupee also gained 25 paise to 80.53 against the US dollar in early trade. Shares of Life Insurance Corporation of India (LIC) surged around 8%.